Filing Flows › A10 Networks (ATEN) › Q1 2025
A10 Networks (ATEN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
A10 Networks (ATEN) reported revenue of $66.1M for the first quarter 2025 (Q1 2025), +9% from a year earlier and -11% from the quarter before. Operating margin was 13.3%, net earnings $9.5M (14.4% of revenue).
A10 Networks, Q1 2025: revenue $66.1M (+9% year over year), operating margin 13.3%, net earnings $9.5M, operating cash flow $17.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.1M | -11% | +9% |
| Gross profit | $52.7M | -11% | +7% |
| Operating profit | $8.8M | -52% | +22% |
| Net earnings | $9.5M | -48% | -2% |
| Operating cash flow | $17.2M | -33% | -47% |
| Free cash flow | $12.7M | -46% | -57% |
What changed
Revenue was $66.1M in Q1 2025, up 9% year over year and down 11% from the previous quarter. Products was the largest line at 54% of revenue. Products added $5.9M year over year (up 20%), 108% of the total change. Services declined 1%.
Gross margin was 79.7%, down 1.5 points from a year earlier. Operating profit was $8.8M, a 13.3% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 29% reached operating profit, above the 12% margin then. Operating expenses grew 5% against revenue growth of 9%. The fastest-growing cost line was General & admin (+26%). Net earnings were $9.5M, down 2% year over year. The effective tax rate was 8.9%.
Operating cash flow was $17.2M (down 47% year over year), 180% of net earnings. Non-cash charges added back $3.4M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items used $1.8M. Capital expenditures of $4.5M left free cash flow of $12.7M.
Questions
What was A10 Networks' revenue in the first quarter 2025?
A10 Networks (ATEN) reported revenue of $66.1M for the first quarter 2025 (Q1 2025), +9% from a year earlier and -11% from the quarter before.
Was A10 Networks profitable in the first quarter 2025?
Operating profit was $8.8M (13.3% of revenue) and net earnings $9.5M.
Source: A10 Networks 10-Q on SEC EDGAR.