\nA10 Networks, Inc. (NYSE: ATEN), a leading provider of secure application services and solutions, today announced financial results for its third quarter ended September 30, 2025.\n<\/p>\n
Third Quarter 2025 Financial Summary<\/span><\/b><\/p>\n A reconciliation between GAAP and non-GAAP information is contained in the financial statements below.<\/i><\/p>\n \n\u201cThe scale and sophistication of cyber threats continue to accelerate, prompting global carriers, enterprises, and government agencies to make security and performance integral to their infrastructure roadmaps,\u201d said Dhrupad Trivedi, President and Chief Executive Officer of A10 Networks. \u201cThis dynamic is gaining urgency as AI-driven workloads scale in both utilization and deployment footprints. A10 is well-aligned with this trend, and our offerings are seen as increasingly relevant to address these concerns. We are well-aligned with our customers near-term roadmaps and long-term financial objectives tied to AI infrastructure and cybersecurity.\u201d\n<\/p>\n \n\u201cOperational discipline remains a core aspect of our business model as we allocate resources to the best opportunities, efficiently converting revenue growth into solid profitability and robust cash flow,\u201d continued Trivedi. \u201cA10 continues to deliver long-term value as we navigate market priorities. We remain focused on disciplined execution to drive sustained top- and bottom-line growth.\u201d\n<\/p>\n Conference Call<\/span><\/b><\/p>\n \nManagement will host a call at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) today, November 4, 2025, to discuss these results. Interested parties may access the conference call by dialing (888) 506-0062 (toll-free) or (973) 528-0011 (international) and referencing access code: 608502.\n<\/p>\n \nA live audio webcast of the conference call will be accessible from the \u201cInvestor Relations\u201d section of A10 Network\u2019s website at investors.a10networks.com. The webcast will be archived for one year. A telephonic replay of the conference call will be available until November 18, 2025 and may be accessed by dialing (877) 481-4010 (toll-free) or (919) 882-2331 (international) and entering the passcode: 53066.\n<\/p>\n Forward-Looking Statements<\/span><\/b><\/p>\n \nThis press release contains \u201cforward-looking statements,\u201d including statements regarding our quarterly dividend payments, strategy, positioning, demand, growth rate, margin profile, operating leverage, profitability and investor returns. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on assumptions that may prove to be incorrect, which could cause actual results to differ materially from those expected or implied by the forward-looking statements. Factors that may cause actual results to differ include any unforeseen need for capital which may require us to divert funds we may have otherwise used for the dividend program or stock repurchase program, which may in turn negatively impact our ability to administer the quarterly dividends or the repurchase of our common stock; a significant decline in global macroeconomic or political conditions that have an adverse impact on our business and financial results; an expansion of adversarial global trade dynamics or other changes to international trade regulations; business interruptions related to our supply chain; our ability to manage our business and expenses if customers cancel or delay orders; execution risks related to closing key deals and improving our execution; the continued market adoption of our products; our ability to successfully anticipate market needs and opportunities; our timely development of new products and features; our ability to achieve or maintain profitability; any loss or delay of expected purchases by our largest end-customers; our ability to maintain or improve our competitive position; competitive and execution risks related to cloud-based computing trends; our ability to attract and retain new end-customers and our largest end-consumers; our ability to maintain and enhance our brand and reputation; changes demanded by our customers in the deployment and payment model for our products; continued growth rates in markets relating to network security; the success of any future acquisitions or investments in complementary companies, products, services or technologies; the ability of our sales team to execute well; our ability to shorten our close cycles; the ability of our channel partners to sell our products; variations in product mix or geographic locations of our sales; risks associated with our presence in international markets; weaknesses or deficiencies in our internal control over financial reporting; our ability to timely file periodic reports required to be filed under the Securities Exchange Act of 1934; and other risks that are described in \u201cRisk Factors\u201d in our periodic filings with the Securities and Exchange Commission, including our Form 10-K filed with the Securities and Exchange Commission on February 25, 2025. We do not intend to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.\n<\/p>\n Non-GAAP Financial Measures<\/span><\/b><\/p>\n \nIn addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), we refer to certain non-GAAP financial measures, including non-GAAP net income, non-GAAP net income per basic and diluted share (or non-GAAP EPS),<\/i> non-GAAP gross profit and gross margin, non-GAAP operating expenses, non-GAAP operating income and operating margin, Adjusted EBITDA and Adjusted EBITDA margin. Non-GAAP financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similarly titled measures presented by other companies.\n<\/p>\n \nA10 Networks considers these non-GAAP financial measures to be important because they provide useful measures of the operating performance of the company, exclusive of unusual events or factors that do not directly affect what we consider to be our core operating performance and are used by the company’s management for that purpose.\n<\/p>\n \nNon-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP.\n<\/p>\n \nWe define non-GAAP net income as our GAAP net income excluding: (i) stock-based compensation and related payroll tax, (ii) acquisition-related expense, (iii) amortization of purchased intangible assets, (iv) one-time legal expense, (v) tax planning expense and (vi) income tax effect of non-GAAP items (i) to (v) listed above. We define non-GAAP net income per basic and diluted share as our non-GAAP net income divided by our basic and diluted weighted-average shares outstanding. We define non-GAAP gross profit as our GAAP gross profit excluding (i) stock-based compensation and related payroll tax and (ii) amortization of purchased intangible assets. We define non-GAAP gross margin as our non-GAAP gross profit divided by our GAAP revenue. We define non-GAAP operating expenses as our GAAP operating expenses excluding (i) stock-based compensation and related payroll tax, (ii) acquisition-related expense, (iii) amortization of purchased intangible assets, (iv) one-time legal expense and (v) tax planning expense. We define non-GAAP operating income as our GAAP income from operations excluding (i) stock-based compensation and related payroll tax, (ii) acquisition-related expense, (iii) amortization of purchased intangible assets, (iv) one-time legal expense and (v) tax planning expense. We define non-GAAP operating margin as our non-GAAP operating income divided by our GAAP revenue. We define Adjusted EBITDA as our GAAP net income excluding (i) interest and other (income) expense, net, (ii) depreciation and amortization expense, (iii) provision for income taxes, (iv) stock-based compensation and related payroll tax, (v) acquisition-related expense, (vi) one-time legal expense and (vii) tax planning expense. We define Adjusted EBITDA margin as our Adjusted EBITDA divided by our GAAP revenue.\n<\/p>\n \nNon-GAAP financial measures are presented for supplemental informational purposes only for understanding the company’s operating results.\n<\/p>\n About A10 Networks<\/span><\/b><\/p>\n \nA10 Networks (NYSE: ATEN) delivers secure application and network solutions that protect, optimize, and scale business-critical systems across on-premises, hybrid cloud, and edge environments. Our portfolio enables large enterprises, service providers, and cloud platforms worldwide to deliver performance, reliability, and protection against cyber threats, while preparing their networks for the demands of AI and next-generation applications. Founded in 2004 and headquartered in San Jose, California, A10 Networks serves over 7,000 global customers. For more information, visit A10networks.com<\/a> and follow us at A10Networks<\/a>.\n<\/p>\n \nThe A10 logo and A10 Networks are trademarks or registered trademarks of A10 Networks, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.\n<\/p>\n \nSource: A10 Networks, Inc.\n<\/p>\n A10 NETWORKS, INC.<\/b><\/p>\n CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<\/b><\/p>\n (unaudited, in thousands, except per share amounts, on a GAAP Basis)<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n Three Months Ended September 30,<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Nine Months Ended \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \nNet revenue:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nProducts\n<\/p>\n<\/td>\n \n$43,109\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$36,862\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$118,261\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$96,464\n<\/p>\n<\/td>\n<\/tr>\n \nServices\n<\/p>\n<\/td>\n \n31,573\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n29,859\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n91,941\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n91,028\n<\/p>\n<\/td>\n<\/tr>\n \nTotal net revenue\n<\/p>\n<\/td>\n \n74,682\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n66,721\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n210,202\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n187,492\n<\/p>\n<\/td>\n<\/tr>\n \nCost of net revenue:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nProducts\n<\/p>\n<\/td>\n \n8,101\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n7,531\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n23,561\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n21,143\n<\/p>\n<\/td>\n<\/tr>\n \nServices\n<\/p>\n<\/td>\n \n6,729\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n5,508\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n19,383\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n15,378\n<\/p>\n<\/td>\n<\/tr>\n \nTotal cost of net revenue\n<\/p>\n<\/td>\n \n14,830\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n13,039\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n42,944\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n36,521\n<\/p>\n<\/td>\n<\/tr>\n \nGross profit\n<\/p>\n<\/td>\n \n59,852\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n53,682\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n167,258\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n150,971\n<\/p>\n<\/td>\n<\/tr>\n \nOperating expenses:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nSales and marketing\n<\/p>\n<\/td>\n \n21,531\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n21,011\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n62,040\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n61,678\n<\/p>\n<\/td>\n<\/tr>\n \nResearch and development\n<\/p>\n<\/td>\n \n18,377\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n15,734\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n50,533\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n44,533\n<\/p>\n<\/td>\n<\/tr>\n \nGeneral and administrative\n<\/p>\n<\/td>\n \n6,950\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n6,494\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n22,602\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n19,188\n<\/p>\n<\/td>\n<\/tr>\n \nTotal operating expenses\n<\/p>\n<\/td>\n \n46,858\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n43,239\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n135,175\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n125,399\n<\/p>\n<\/td>\n<\/tr>\n \nIncome from operations\n<\/p>\n<\/td>\n \n12,994\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n10,443\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n32,083\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n25,572\n<\/p>\n<\/td>\n<\/tr>\n \nNon-operating income (expense):\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nInterest income\n<\/p>\n<\/td>\n \n3,386\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,634\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n8,170\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n5,077\n<\/p>\n<\/td>\n<\/tr>\n \nInterest and other income (expense), net\n<\/p>\n<\/td>\n \n(2,387)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,312\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(3,853)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n5,943\n<\/p>\n<\/td>\n<\/tr>\n \nTotal non-operating income, net\n<\/p>\n<\/td>\n \n999\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,946\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n4,317\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n11,020\n<\/p>\n<\/td>\n<\/tr>\n \nIncome before income taxes\n<\/p>\n<\/td>\n \n13,993\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n14,389\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n36,400\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n36,592\n<\/p>\n<\/td>\n<\/tr>\n \nProvision for income taxes\n<\/p>\n<\/td>\n \n1,802\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,752\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n4,128\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n4,753\n<\/p>\n<\/td>\n<\/tr>\n \nNet income\n<\/p>\n<\/td>\n \n$12,191\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$12,637\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$32,272\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$31,839\n<\/p>\n<\/td>\n<\/tr>\n \nNet income per share:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nBasic\n<\/p>\n<\/td>\n \n$0.17\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.17\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.45\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.43\n<\/p>\n<\/td>\n<\/tr>\n \nDiluted\n<\/p>\n<\/td>\n \n$0.17\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.17\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.44\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.42\n<\/p>\n<\/td>\n<\/tr>\n \nWeighted-average shares used in computing net income per share:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nBasic\n<\/p>\n<\/td>\n \n71,891\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n73,823\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n72,478\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n74,200\n<\/p>\n<\/td>\n<\/tr>\n \nDiluted\n<\/p>\n<\/td>\n \n73,046\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n74,780\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n73,805\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n75,236\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n A10 NETWORKS, INC.<\/b><\/p>\n RECONCILIATION OF GAAP NET INCOME TO NON-GAAP NET INCOME<\/b><\/p>\n (unaudited, in thousands, except per share amounts)<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n Three Months Ended September 30,<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Nine Months Ended September 30,<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nGAAP net income\n<\/p>\n<\/td>\n \n$12,191\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$12,637\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$32,272\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$31,839\n<\/p>\n<\/td>\n<\/tr>\n \nNon-GAAP items:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nStock-based compensation and related payroll tax\n<\/p>\n<\/td>\n \n4,961\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n4,516\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n15,839\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n12,814\n<\/p>\n<\/td>\n<\/tr>\n \nAcquisition-related expense\n<\/p>\n<\/td>\n \n465\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,383\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nAmortization of purchased intangible assets\n<\/p>\n<\/td>\n \n380\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n963\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nOne-time legal expense\n<\/p>\n<\/td>\n \n22\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,269\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n71\n<\/p>\n<\/td>\n<\/tr>\n \nTax planning expense\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n100\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n150\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n500\n<\/p>\n<\/td>\n<\/tr>\n \nIncome tax-effect of non-GAAP items\n<\/p>\n<\/td>\n \n(1,318)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,327)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(4,687)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(3,343)\n<\/p>\n<\/td>\n<\/tr>\n \nTotal non-GAAP items\n<\/p>\n<\/td>\n \n4,510\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,289\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n14,917\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n10,042\n<\/p>\n<\/td>\n<\/tr>\n \nNon-GAAP net income\n<\/p>\n<\/td>\n \n$16,701\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$15,926\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$47,189\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$41,881\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nGAAP net income per share:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nBasic\n<\/p>\n<\/td>\n \n$0.17\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.17\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.45\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.43\n<\/p>\n<\/td>\n<\/tr>\n \nDiluted\n<\/p>\n<\/td>\n \n$0.17\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.17\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.44\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.42\n<\/p>\n<\/td>\n<\/tr>\n \nNon-GAAP items:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nStock-based compensation and related payroll tax\n<\/p>\n<\/td>\n \n0.07\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n0.06\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n0.21\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n0.17\n<\/p>\n<\/td>\n<\/tr>\n \nAcquisition-related expense\n<\/p>\n<\/td>\n \n0.01\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n0.02\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nAmortization of purchased intangible assets\n<\/p>\n<\/td>\n \n0.01\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n0.01\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nOne-time legal expense\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n0.02\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nTax planning expense\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n0.01\n<\/p>\n<\/td>\n<\/tr>\n \nIncome tax-effect of non-GAAP items\n<\/p>\n<\/td>\n \n(0.02)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(0.02)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(0.06)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(0.04)\n<\/p>\n<\/td>\n<\/tr>\n \nTotal non-GAAP items\n<\/p>\n<\/td>\n \n0.06\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n0.04\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n0.20\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n0.14\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nNon-GAAP net income per share:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nBasic\n<\/p>\n<\/td>\n \n$0.23\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.22\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.65\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.56\n<\/p>\n<\/td>\n<\/tr>\n \nDiluted\n<\/p>\n<\/td>\n \n$0.23\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.21\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.64\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$0.56\n<\/p>\n<\/td>\n<\/tr>\n \nWeighted average shares used in computing net income per share:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nBasic\n<\/p>\n<\/td>\n \n71,891\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n73,823\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n72,478\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n74,200\n<\/p>\n<\/td>\n<\/tr>\n \nDiluted\n<\/p>\n<\/td>\n \n73,046\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n74,780\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n73,805\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n75,236\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nNet income and earnings per share excluding adjustments are non-GAAP financial measures presented as supplemental financial measures to enable a user of the financial information to understand the impact of these adjustments on reported results. These financial measures should not be considered an alternative to net income, operating income, cash flows provided by operating activities, or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP. Our adjusted net income and earnings per share may not be comparable to similarly titled measures of another company because companies may not all calculate adjusted net income and earnings per share in the same manner.\n<\/p>\n A10 NETWORKS, INC.<\/b><\/p>\n CONDENSED CONSOLIDATED BALANCE SHEETS<\/b><\/p>\n (unaudited, in thousands, except par value, on a GAAP Basis)<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n As of September 30, 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n As of December 31, 2024<\/b><\/p>\n<\/td>\n<\/tr>\n ASSETS<\/b><\/p>\n<\/td>\n<\/tr>\n \nCurrent assets:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nCash and cash equivalents\n<\/p>\n<\/td>\n \n$86,555\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$95,129\n<\/p>\n<\/td>\n<\/tr>\n \nMarketable securities\n<\/p>\n<\/td>\n \n284,304\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n100,429\n<\/p>\n<\/td>\n<\/tr>\n \nAccounts receivable, net of allowances of $323 and $465, respectively\n<\/p>\n<\/td>\n \n61,578\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n76,687\n<\/p>\n<\/td>\n<\/tr>\n \nInventory\n<\/p>\n<\/td>\n \n18,963\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n22,005\n<\/p>\n<\/td>\n<\/tr>\n \nPrepaid expenses and other current assets\n<\/p>\n<\/td>\n \n17,279\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n13,038\n<\/p>\n<\/td>\n<\/tr>\n \nTotal current assets\n<\/p>\n<\/td>\n \n468,679\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n307,288\n<\/p>\n<\/td>\n<\/tr>\n \nProperty and equipment, net\n<\/p>\n<\/td>\n \n47,029\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n39,142\n<\/p>\n<\/td>\n<\/tr>\n \nGoodwill\n<\/p>\n<\/td>\n \n15,134\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,307\n<\/p>\n<\/td>\n<\/tr>\n \nIntangible assets, net\n<\/p>\n<\/td>\n \n6,638\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nDeferred tax assets, net\n<\/p>\n<\/td>\n \n62,535\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n62,364\n<\/p>\n<\/td>\n<\/tr>\n \nOther non-current assets\n<\/p>\n<\/td>\n \n20,118\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n22,714\n<\/p>\n<\/td>\n<\/tr>\n \nTotal assets\n<\/p>\n<\/td>\n \n$620,133\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$432,815\n<\/p>\n<\/td>\n<\/tr>\n LIABILITIES AND STOCKHOLDERS\u2019 EQUITY<\/b><\/p>\n<\/td>\n<\/tr>\n \nCurrent liabilities:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAccounts payable\n<\/p>\n<\/td>\n \n$11,219\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$12,542\n<\/p>\n<\/td>\n<\/tr>\n \nAccrued and other liabilities\n<\/p>\n<\/td>\n \n35,493\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n32,696\n<\/p>\n<\/td>\n<\/tr>\n \nDeferred revenue, current\n<\/p>\n<\/td>\n \n82,017\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n78,335\n<\/p>\n<\/td>\n<\/tr>\n \nTotal current liabilities\n<\/p>\n<\/td>\n \n128,729\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n123,573\n<\/p>\n<\/td>\n<\/tr>\n \nDeferred revenue, non-current\n<\/p>\n<\/td>\n \n61,470\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n69,924\n<\/p>\n<\/td>\n<\/tr>\n \nLong-term debt\n<\/p>\n<\/td>\n \n218,450\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nOther non-current liabilities\n<\/p>\n<\/td>\n \n5,271\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n7,489\n<\/p>\n<\/td>\n<\/tr>\n \nTotal liabilities\n<\/p>\n<\/td>\n \n413,920\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n200,986\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nStockholders’ equity:\n<\/p>\n<\/td>\n<\/tr>\n \nCommon stock, $0.00001 par value: 500,000 shares authorized; 91,776 and 90,520 shares issued and 71,684 and 73,693 shares outstanding, respectively\n<\/p>\n<\/td>\n \n1\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1\n<\/p>\n<\/td>\n<\/tr>\n \nTreasury stock, at cost: 20,092 and 16,827 shares, respectively\n<\/p>\n<\/td>\n \n(243,000)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(180,992)\n<\/p>\n<\/td>\n<\/tr>\n \nAdditional paid-in-capital\n<\/p>\n<\/td>\n \n525,303\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n508,387\n<\/p>\n<\/td>\n<\/tr>\n \nDividends paid\n<\/p>\n<\/td>\n \n(68,492)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(55,417)\n<\/p>\n<\/td>\n<\/tr>\n \nAccumulated other comprehensive income\n<\/p>\n<\/td>\n \n473\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n194\n<\/p>\n<\/td>\n<\/tr>\n \nAccumulated deficit\n<\/p>\n<\/td>\n \n(8,072)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(40,344)\n<\/p>\n<\/td>\n<\/tr>\n \nTotal stockholders’ equity\n<\/p>\n<\/td>\n \n206,213\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n231,829\n<\/p>\n<\/td>\n<\/tr>\n \nTotal liabilities and stockholders’ equity\n<\/p>\n<\/td>\n \n$620,133\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$432,815\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n A10 NETWORKS, INC.<\/b><\/p>\n CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<\/b><\/p>\n (unaudited, in thousands, on a GAAP Basis)<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n Nine Months Ended September 30,<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \nCash flows from operating activities:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nNet income\n<\/p>\n<\/td>\n \n$32,272\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$31,839\n<\/p>\n<\/td>\n<\/tr>\n \nAdjustments to reconcile net income to net cash provided by operating activities:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nDepreciation and amortization\n<\/p>\n<\/td>\n \n10,876\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n8,248\n<\/p>\n<\/td>\n<\/tr>\n \nStock-based compensation\n<\/p>\n<\/td>\n \n15,206\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n12,284\n<\/p>\n<\/td>\n<\/tr>\n \nOther non-cash items\n<\/p>\n<\/td>\n \n2,251\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,013)\n<\/p>\n<\/td>\n<\/tr>\n \nChanges in operating assets and liabilities:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAccounts receivable\n<\/p>\n<\/td>\n \n14,803\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n8,378\n<\/p>\n<\/td>\n<\/tr>\n \nInventory\n<\/p>\n<\/td>\n \n2,728\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,911)\n<\/p>\n<\/td>\n<\/tr>\n \nPrepaid expenses and other assets\n<\/p>\n<\/td>\n \n(6,912)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n753\n<\/p>\n<\/td>\n<\/tr>\n \nAccounts payable\n<\/p>\n<\/td>\n \n(2,100)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,820)\n<\/p>\n<\/td>\n<\/tr>\n \nAccrued liabilities\n<\/p>\n<\/td>\n \n351\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n5,139\n<\/p>\n<\/td>\n<\/tr>\n \nDeferred revenue\n<\/p>\n<\/td>\n \n(7,288)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,885\n<\/p>\n<\/td>\n<\/tr>\n \nNet cash provided by operating activities\n<\/p>\n<\/td>\n \n62,187\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n64,782\n<\/p>\n<\/td>\n<\/tr>\n \nCash flows from investing activities:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nProceeds from sales of marketable securities\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n22,536\n<\/p>\n<\/td>\n<\/tr>\n \nProceeds from maturities of marketable securities\n<\/p>\n<\/td>\n \n96,426\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n66,446\n<\/p>\n<\/td>\n<\/tr>\n \nPurchases of marketable securities\n<\/p>\n<\/td>\n \n(278,920)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(127,288)\n<\/p>\n<\/td>\n<\/tr>\n \nAcquisition\n<\/p>\n<\/td>\n \n(19,100)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nCapital expenditures\n<\/p>\n<\/td>\n \n(13,464)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(9,886)\n<\/p>\n<\/td>\n<\/tr>\n \nNet cash used in investing activities\n<\/p>\n<\/td>\n \n(215,058)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(48,192)\n<\/p>\n<\/td>\n<\/tr>\n \nCash flows from financing activities:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nProceeds from issuance of common stock under employee equity incentive plans\n<\/p>\n<\/td>\n \n1,710\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,919\n<\/p>\n<\/td>\n<\/tr>\n \nProceeds from the issuance of convertible notes\n<\/p>\n<\/td>\n \n225,000\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nPayment of debt issuance costs\n<\/p>\n<\/td>\n \n(7,330)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nRepurchase of common stock\n<\/p>\n<\/td>\n \n(62,008)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(24,321)\n<\/p>\n<\/td>\n<\/tr>\n \nPayments for dividends\n<\/p>\n<\/td>\n \n(13,075)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(13,369)\n<\/p>\n<\/td>\n<\/tr>\n \nNet cash provided by (used in) financing activities\n<\/p>\n<\/td>\n \n144,297\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(35,771)\n<\/p>\n<\/td>\n<\/tr>\n \nNet decrease in cash and cash equivalents\n<\/p>\n<\/td>\n \n(8,574)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(19,181)\n<\/p>\n<\/td>\n<\/tr>\n \nCash and cash equivalents\u2014beginning of period\n<\/p>\n<\/td>\n \n95,129\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n97,244\n<\/p>\n<\/td>\n<\/tr>\n \nCash and cash equivalents\u2014end of period\n<\/p>\n<\/td>\n \n$86,555\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$78,063\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Non-cash investing and financing activities:<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nTransfers between inventory and property and equipment\n<\/p>\n<\/td>\n \n$314\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$2,015\n<\/p>\n<\/td>\n<\/tr>\n \nCapital expenditures included in accounts payable\n<\/p>\n<\/td>\n \n$229\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$2,340\n<\/p>\n<\/td>\n<\/tr>\n Supplemental cash flow disclosure:<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nCash paid for income taxes, net\n<\/p>\n<\/td>\n \n$3,694\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$4,582\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n A10 NETWORKS, INC.<\/b><\/p>\n RECONCILIATION OF GAAP GROSS PROFIT TO NON-GAAP GROSS PROFIT<\/b><\/p>\n (unaudited, in thousands, except percentages)<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n Three Months Ended \n\u00a0\n<\/p>\n<\/td>\n Nine Months Ended \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nGAAP gross profit\n<\/p>\n<\/td>\n \n$59,852\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$53,682\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$167,258\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$150,971\n<\/p>\n<\/td>\n<\/tr>\n \nGAAP gross margin\n<\/p>\n<\/td>\n \n80.1%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n80.5%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n79.6%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n80.5%\n<\/p>\n<\/td>\n<\/tr>\n \nNon-GAAP adjustments:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nStock-based compensation and related payroll tax\n<\/p>\n<\/td>\n \n136\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n534\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,284\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,568\n<\/p>\n<\/td>\n<\/tr>\n \nAmortization of purchased intangible assets\n<\/p>\n<\/td>\n \n281\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n712\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nNon-GAAP gross profit\n<\/p>\n<\/td>\n \n$60,269\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$54,216\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$169,254\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$152,539\n<\/p>\n<\/td>\n<\/tr>\n \nNon-GAAP gross margin\n<\/p>\n<\/td>\n \n80.7%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n81.3%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n80.5%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n81.4%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n A10 NETWORKS, INC.<\/b><\/p>\n RECONCILIATION OF GAAP TOTAL OPERATING EXPENSES<\/b><\/p>\n TO NON-GAAP TOTAL OPERATING EXPENSES<\/b><\/p>\n (unaudited, in thousands)<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n Three Months Ended \n\u00a0\n<\/p>\n<\/td>\n Nine Months Ended \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nGAAP total operating expenses\n<\/p>\n<\/td>\n \n$46,858\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$43,239\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$135,175\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$125,399\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nNon-GAAP adjustments:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nStock-based compensation and related payroll tax\n<\/p>\n<\/td>\n \n(4,825)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(3,982)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(14,555)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(11,246)\n<\/p>\n<\/td>\n<\/tr>\n \nAcquisition-related expense\n<\/p>\n<\/td>\n \n(101)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(655)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nAmortization of purchased intangible assets\n<\/p>\n<\/td>\n \n(99)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(251)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nOne-time legal expense\n<\/p>\n<\/td>\n \n(22)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,269)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(71)\n<\/p>\n<\/td>\n<\/tr>\n \nTax planning expense\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(100)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(150)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(500)\n<\/p>\n<\/td>\n<\/tr>\n \nNon-GAAP total operating expenses\n<\/p>\n<\/td>\n \n$41,811\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$39,157\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$118,295\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$113,582\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n A10 NETWORKS, INC.<\/b><\/p>\n RECONCILIATION OF GAAP INCOME FROM OPERATIONS<\/b><\/p>\n TO NON-GAAP OPERATING INCOME<\/b><\/p>\n (unaudited, in thousands, except percentages)<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n Three Months Ended September 30,<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Nine Months Ended September 30,<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nGAAP income from operations\n<\/p>\n<\/td>\n \n$12,994\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$10,443\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$32,083\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$25,572\n<\/p>\n<\/td>\n<\/tr>\n \nGAAP operating margin\n<\/p>\n<\/td>\n \n17.4%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n15.7%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n15.3%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n13.6%\n<\/p>\n<\/td>\n<\/tr>\n \nNon-GAAP adjustments:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nStock-based compensation and related payroll tax\n<\/p>\n<\/td>\n \n4,961\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n4,516\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n15,839\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n12,814\n<\/p>\n<\/td>\n<\/tr>\n \nAcquisition-related expense\n<\/p>\n<\/td>\n \n101\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n655\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nAmortization of purchased intangible assets\n<\/p>\n<\/td>\n \n380\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n963\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nOne-time legal expense\n<\/p>\n<\/td>\n \n22\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,269\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n71\n<\/p>\n<\/td>\n<\/tr>\n \nTax planning expense\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n100\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n150\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n500\n<\/p>\n<\/td>\n<\/tr>\n \nNon-GAAP operating income\n<\/p>\n<\/td>\n \n$18,458\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$15,059\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$50,959\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$38,957\n<\/p>\n<\/td>\n<\/tr>\n \nNon-GAAP operating margin\n<\/p>\n<\/td>\n \n24.7%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n22.6%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n24.2%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n20.8%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n A10 NETWORKS, INC.<\/b><\/p>\n RECONCILIATION OF GAAP NET INCOME TO<\/b><\/p>\n EBITDA AND ADJUSTED EBITDA (NON-GAAP)<\/b><\/p>\n (unaudited, in thousands, except percentages)<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n Three Months Ended September 30,<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Nine Months Ended \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nGAAP net income\n<\/p>\n<\/td>\n \n$12,191\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$12,637\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$32,272\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$31,839\n<\/p>\n<\/td>\n<\/tr>\n \nGAAP net income margin\n<\/p>\n<\/td>\n \n16.3%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n18.9%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n15.4%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n17.0%\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nExclude: Interest and other income, net\n<\/p>\n<\/td>\n \n(999)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(3,946)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(4,317)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(11,020)\n<\/p>\n<\/td>\n<\/tr>\n \nExclude: Depreciation and amortization\n<\/p>\n<\/td>\n \n3,799\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,741\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n11,079\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n8,248\n<\/p>\n<\/td>\n<\/tr>\n \nExclude: Provision for income taxes\n<\/p>\n<\/td>\n \n1,802\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,752\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n4,128\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n4,753\n<\/p>\n<\/td>\n<\/tr>\n \nEBITDA\n<\/p>\n<\/td>\n \n16,793\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n13,184\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n43,162\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n33,820\n<\/p>\n<\/td>\n<\/tr>\n \nExclude: Stock-based compensation and related payroll tax\n<\/p>\n<\/td>\n \n4,961\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n4,516\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n15,839\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n12,814\n<\/p>\n<\/td>\n<\/tr>\n \nExclude: Acquisition-related expense\n<\/p>\n<\/td>\n \n101\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n655\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nExclude: One-time legal expense\n<\/p>\n<\/td>\n \n22\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,269\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n71\n<\/p>\n<\/td>\n<\/tr>\n \nExclude: Tax planning expense\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n100\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n150\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n500\n<\/p>\n<\/td>\n<\/tr>\n \nAdjusted EBITDA\n<\/p>\n<\/td>\n \n$21,877\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$17,800\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$61,075\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$47,205\n<\/p>\n<\/td>\n<\/tr>\n \nAdjusted EBITDA margin\n<\/p>\n<\/td>\n \n29.3%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n26.7%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n29.1%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n25.2%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0\n<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251104916249\/en\/<\/a><\/span><\/p>\n Investor Contact:\n
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September 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n
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September 30,<\/b><\/p>\n<\/td>\n\n \n
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September 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n
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September 30,<\/b><\/p>\n<\/td>\n\n \n
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September 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n
\n
September 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/p>\n
\n<\/b>
Rob Fink \/ Tom Baumann
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FNK IR
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646.809.4048 \/ 646.349.6641
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aten@fnkir.com<\/a><\/p>\n