A10 Networks Reports Record Performance and Sets Sights on Continued Growth
05.02.2026 - 22:53:04
A10 Networks concluded its 2025 fiscal year by posting record financial results, driven by robust demand for its security offerings. The company's fourth-quarter revenue reached an all-time high, setting a positive tone as management issued an optimistic forecast calling for double-digit growth in the year ahead.
The cybersecurity and application solutions provider finished the year with significant financial strength. A10 Networks ended the period with a substantial cash and marketable securities balance of $377.8 million. The company also continues its commitment to returning capital to shareholders, having distributed $11.2 million via dividends and share repurchases in the final quarter of 2025. The next quarterly cash dividend of $0.06 per share is scheduled for payment on March 2, 2026, to shareholders of record as of February 16, 2026.
Key Financial Metrics for Fiscal Year 2025:
- Q4 2025 Revenue: $80.4 million (Record High)
- Full-Year 2025 Revenue: $290.6 million (an 11% year-over-year increase)
- Non-GAAP Gross Margin: 80.6%
- Security Solutions Contribution: 65% of total revenue
- Cash & Equivalents: $377.8 million
- Quarterly Dividend Per Share: $0.06
Strategic Focus Drives Record Results
The company's strategic pivot toward security-based solutions has proven highly effective, now accounting for 65% of total revenue. This achievement meets a long-term strategic goal for A10 Networks. The record Q4 revenue of $80.4 million contributed to the full-year figure of $290.6 million, showcasing consistent top-line expansion.
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Operational discipline and a globally diversified customer base underpin these results. The business model demonstrates high profitability, evidenced by a non-GAAP gross margin exceeding 80%.
Confident Guidance for Fiscal 2026
Looking forward, A10 Networks' leadership anticipates revenue growth of 10% to 12% for the 2026 fiscal year. The company expects its non-GAAP gross margin to remain stable, projected in the range of 80% to 82%.
This confident outlook is supported by ongoing customer investments in infrastructure for AI-powered applications, an area where A10 Networks' portfolio is increasingly relevant. The sustained demand for advanced security and networking solutions provides a solid foundation for the company's growth targets.
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