Filing Flows › A10 Networks (ATEN) › Q2 2025
A10 Networks (ATEN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
A10 Networks (ATEN) reported revenue of $69.4M for the second quarter 2025 (Q2 2025), +15% from a year earlier and +5% from the quarter before. Operating margin was 14.9%, net earnings $10.5M (15.2% of revenue).
A10 Networks, Q2 2025: revenue $69.4M (+16% year over year), operating margin 14.9%, net earnings $10.5M, operating cash flow $22.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $69.4M | +5% | +15% |
| Gross profit | $54.7M | +4% | +14% |
| Operating profit | $10.3M | +17% | +30% |
| Net earnings | $10.5M | +10% | +11% |
| Operating cash flow | $22.2M | +29% | +82% |
| Free cash flow | $17.9M | +41% | +106% |
What changed
Revenue was $69.4M in Q2 2025, up 15% year over year and up 5% from the previous quarter. Products was the largest line at 56% of revenue. Products added $9.6M year over year (up 33%), 104% of the total change. Services declined 1%.
Gross margin was 78.9%, down 1.1 points from a year earlier. Operating profit was $10.3M, a 14.9% margin (up 1.7 points year over year). Of the extra revenue versus a year earlier, 26% reached operating profit, above the 13% margin then. Operating expenses grew 11% against revenue growth of 15%. The fastest-growing cost line was General & admin (+21%). Net earnings were $10.5M, up 11% year over year. The effective tax rate was 11.7%.
Operating cash flow was $22.2M (up 82% year over year), 210% of net earnings. Non-cash charges added back $3.7M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items added $3.6M. Capital expenditures of $4.2M left free cash flow of $17.9M.
Questions
What was A10 Networks' revenue in the second quarter 2025?
A10 Networks (ATEN) reported revenue of $69.4M for the second quarter 2025 (Q2 2025), +15% from a year earlier and +5% from the quarter before.
Was A10 Networks profitable in the second quarter 2025?
Operating profit was $10.3M (14.9% of revenue) and net earnings $10.5M.
Source: A10 Networks 10-Q on SEC EDGAR.