A10 Networks, Inc. · NYSE:ATEN
A10 Networks — Q2 2025 Earnings Presentation
15 slides from A10 Networks's earnings presentation, Aug 5, 2025
Slide 1: Q2 2025 Financial Results & Commentary
Q2 2025 Financial Results & Commentary August 5, 2025
Slide 2: Cautionary Statements & Disclosures
Cautionary Statements & Disclosures This presentation and the accompanying oral presentation contain “forward-looking” statements that are based on our management’s beliefs and assumptions, including statements regarding our strategy, market, operations, profitability and positioning. Forward-lookin
Slide 3: Agenda
Agenda ▪ Q2 2025 Overview ▪ YTD 2025 Overview ▪ Strengthened Balance Sheet
Slide 4: Q2'25: Broad-Based Improvements
Q2’25: Broad-Based Improvements Revenue Overview • Q2 Revenue increased 15% year-over-year; YTD Revenue up 12% and Q2 revenue up 11% on a TTM basis • Enterprise revenue up 8% on a TTM basis • Service provider revenue up 14% on a TTM basis Consistent Profitability • Non-GAAP gross margins of 80.0% in
Slide 5: Quarterly Revenue & Adjusted EBITDA
Quarterly Revenue & Adjusted EBITDA Adjusted EBITDA is a Non-GAAP Financial Measure. See Appendix for reconciliation to most comparable GAAP financial measures. $60.1 $66.7 $74.2 $66.1 $69.4 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Revenue, $ Millions $15.5 $17.8 $27.3 $19.5 $19.7 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25
Slide 6: Revenue by Customer Vertical
Revenue by Customer Vertical $33.4 $41.6 Q2'24 Q2'25 Service Provider Revenue, $ Millions $23.0 $26.7 $30.0 $31.5 $27.1 $27.8 $37.7 $33.4 $36.7 $42.7 $39.0 $41.6 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Revenue, $ Millions Service Provider Enterprise
Slide 7: Quarterly Revenue by Geography
Quarterly Revenue by Geography 51% 51% 56% 51% 59% 32% 35% 27% 28% 26% 17% 14% 17% 21% 15% Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 $ Millions Americas APJ EMEA 59% 26% 15% Q2’25 $69.4 million
Slide 8: A10 Platform
A10 Platform A10 Control: Analytics, Insights and Automation A10 Infrastructure A10 Defend Long term Management Layer that support third party solutions A Unified software platform to deliver best in class technical performance Provide a common way to manage multiple categories including third party
Slide 9: Consistent Value Creation
Consistent Value Creation Business Model Revenue Growth Capital Allocation
Slide 10: Appendix
Appendix 10 ©2025 .A10 Networks, Inc. All rights reserved.
Slide 11: Financial Performance Trends
Financial Performance Trends Numbers may not sum due to rounding. Please refer to the supplemental financials posted in the “Investor Relations” section of the A10 Networks website at investors.a10networks.com Gross Margin %, Operating Margin %, Adjusted EBITDA and EPS are Non-GAAP Financial Measure
Slide 12: GAAP to Non-GAAP – Gross Margin and EPS
GAAP to Non-GAAP – Gross Margin and EPS Numbers may not sum due to rounding. EPS data is presented on a basic and diluted basis. Please refer to the supplemental financials posted the “Investor Relations” section of the A10 Networks website at investors.a10networks.com.
Slide 13: GAAP to Non-GAAP – Operating Income
GAAP to Non-GAAP – Operating Income Numbers may not sum due to rounding. Please refer to the supplemental financials posted the “Investor Relations” section of the A10 Networks website at investors.a10networks.com. Q3’23
Slide 14: GAAP to Non-GAAP – Adjusted EBITDA
GAAP to Non-GAAP – Adjusted EBITDA Numbers may not sum due to rounding. Please refer to the supplemental financials posted the “Investor Relations” section of the A10 Networks website at investors.a10networks.com.
Slide 15: Strong Balance Sheet
Strong Balance Sheet Long-Term Debt • $225 million Convertible Senior Notes • Issued March 2025 maturing April 2030 • Coupon rate of 2.75% per annum, payable semi-annually on April 1 and October 1 • Long-term debt of $217.7 million • Use of proceeds: • General corporate purposes • Invest in organic