A10 Networks (ATEN) Cash Flow: Operating & Free Cash Flow

A10 Networks (ATEN) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), A10 Networks generated $84.89M of operating cash flow and spent $20.13M on capital expenditures. That left free cash flow of $64.77M, down 17.2% from $78.22M a year earlier, or 22.3% of revenue. It returned $86.29M to shareholders through $17.37M in dividends and $68.92M in share buybacks.

A10 Networks Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for A10 Networks, Inc. (ATEN) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	42.14	50.14	39.97	46.91	94.89	17.82	-17.82	-27.62	-10.75
Depreciation & Amortization	14.86	11.29	9.35	7.38	8.91	11.30	10.03	7.88	8.51
Deferred Income Tax	0.00	0.00	0.00	0.00	-64.19	0.00	0.00	0.21	1.15
Stock Based Compensation	20.03	17.05	14.08	13.33	14.42	12.31	16.53	17.04	17.20
Change in Working Capital	4.99	12.38	-18.30	-2.28	-5.01	12.79	-8.89	-0.14	-1.37
Change in Accounts Receivable	14.57	-2.56	-0.68	-10.07	-10.40	2.35	0.53	-6.12	12.36
Change in Inventory	3.66	-0.76	-6.30	2.04	-1.83	0.54	-5.65	-1.53	-4.67
Change in Accounts Payable	-1.52	2.22	-3.00	0.10	2.00	-2.68	-0.62	-0.60	-0.94
Change in Other Working Capital	-11.73	-0.07	-8.32	0.79	-2.13	12.59	-3.15	8.11	-8.13
Other Operating Activities	2.88	-0.37	-0.58	0.79	-63.11	1.07	-0.27	-0.07	-0.42
Net Cash from Operating Activities	84.89	90.49	44.51	66.10	50.10	55.29	-0.43	-2.69	14.31
Investing Activities
Capital Expenditures	-20.13	-12.27	-10.90	-10.80	-5.17	-3.56	-4.34	-2.80	-5.73
Acquisitions	0.00	0.00	0.00	0.00	0.00	0.00	-4.09	0.00	0.00
Purchases of Investments	-342.03	-142.76	-85.42	-55.41	-128.55	-57.99	-71.64	-87.82	-87.45
Sales/Maturities of Investments	137.62	106.68	109.92	77.30	95.66	66.76	75.73	83.74	88.04
Other Investing Activities	-19.10	0.00	0.00	0.00	0.00	0.00	4.09	-4.08	0.59
Net Cash from Investing Activities	-243.64	-48.35	13.61	11.09	-38.07	5.20	-0.25	-6.88	-5.14
Financing Activities
Debt Repayment	225.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Common Stock Issued	3.37	3.62	0.00	7.04	5.76	0.00	5.80	3.70	12.24
Common Stock Repurchased	-68.92	-30.08	-15.98	-79.26	-18.27	-32.54	0.00	0.00	-3.07
Dividends Paid	-17.37	-17.80	-17.82	-15.92	-3.88	0.00	0.00	0.00	0.00
Other Financing Activities	-7.33	3.62	4.94	7.04	5.76	9.59	0.00	-0.08	11.49
Net Cash from Financing Activities	134.75	-44.26	-28.85	-88.14	-16.38	-22.95	5.80	3.62	8.42
Summary
Net Change in Cash	-23.99	-2.12	29.27	-10.95	-4.36	37.54	5.12	-5.95	17.59
Cash at Beginning of Period	95.13	97.24	67.97	78.93	83.28	45.74	40.62	46.57	28.98
Cash at End of Period	71.14	95.13	97.24	67.97	78.93	83.28	45.74	40.62	46.57
Free Cash Flow	64.77	78.22	33.62	55.30	44.93	51.72	-4.77	-5.49	8.58
Supplemental Disclosures
Interest Paid	-	-	-	-	0.00	-	-	-	-
Income Taxes Paid	-	6.28	2.41	1.75	0.20	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About A10 Networks Cash Flow

What is A10 Networks's free cash flow?

A10 Networks generated free cash flow of $64.77M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $84.89M minus $20.13M of capital expenditures. That was down 17.2% from $78.22M a year earlier. Free cash flow equaled 22.3% of revenue.

How much does A10 Networks spend on capital expenditures?

A10 Networks spent $20.13M on capital expenditures in fiscal 2025, compared with $12.27M a year earlier. That equals 23.7% of operating cash flow.

Does A10 Networks pay dividends or buy back shares?

Yes. In fiscal 2025 A10 Networks returned $17.37M in dividends and $68.92M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition