A10 Networks, Inc.

What the company does

A10 Networks provides secure application and network infrastructure solutions for enterprises and service providers. Its products support on-premises, hybrid cloud, and distributed environments and are designed to deliver high performance, reliability, and protection for digital services.

Core offerings include:

• Application delivery and traffic management
• DDoS protection
• Web application and API security
• Centralized management and policy enforcement

All offerings are built on the ACOS software architecture, which supports physical, virtual, containerized, and cloud-native deployments and provides consistent performance and security policies across environments. The company sells hardware appliances, software for customer hardware, virtual appliances, containerized software, and cloud-native/SaaS options. Pricing and licensing models include perpetual and term licenses, subscriptions, pay-as-you-go, and consumption-based arrangements.

Three core solution areas

1. Legacy Networking — Carrier-grade traffic processing for service provider and enterprise networks (carrier-grade NAT, high-scale session management, policy controls, visibility).
2. Next-Generation Networking — Application delivery and traffic management for modern data centers, hybrid cloud, and distributed architectures (server load balancing, high availability, SSL/TLS offload, global load distribution, application-level observability).
3. Network Security (A10 Defend) — Integrated security across the portfolio and dedicated WAAP capabilities (DDoS protection, web application and API protection, bot protection, threat intelligence, orchestration/automation).

Unified architecture and delivery model

• Unified control plane for policy management, automation, and analytics across deployment models.
• Delivery models:
  • Purpose-built hardware appliances
  • Software on customer-selected hardware
  • Virtual appliances
  • Containerized software
  • Cloud-native and SaaS-delivered offerings

Customers and market presence

• Customer industries: telecommunications, technology, financial services, public sector, industrial, retail, gaming, and education.
• Top customers: The ten largest end-customers represented about 40% of total revenue in 2025; service providers accounted for about 60% of revenue and enterprise customers about 40% of those top-ten customers in 2025.
• Distribution channels: A majority of revenue is through distributors, resellers, and system integrators (about 96% in 2025; 94% in 2024; 95% in 2023).
• Global footprint: Sales presence in 23 countries as of December 31, 2025, including the United States, Western Europe, the Middle East, Japan, Taiwan, South Korea, Southeast Asia, and Latin America.
• International revenue: Approximately 45% of total revenue in 2025 was from customers outside the U.S. (versus about 55% in 2024 and 2023).

Financial highlights

• Revenue (years ended December 31):
  • 2025: $290.6 million
  • 2024: $261.7 million
  • 2023: $251.7 million
• Gross margin:
  • 2025: 79.3%
  • 2024: 80.4%
  • 2023: 80.9%
• Net income:
  • 2025: $42.1 million
  • 2024: $50.1 million
  • 2023: $40.0 million
• Employees (as of December 31, 2025): 494 full-time employees
  • R&D and customer support: 219
  • Sales and marketing: 220
  • General and administrative and other: 55
• Support presence: Technical support centers in the United States, Japan, India, and the Netherlands.
• Acquisition: In February 2025, A10 acquired the assets and key personnel of ThreatX Protect, adding cloud-delivered web application and API protection (WAAP) capabilities.

Operations and sourcing

• Manufacturing is outsourced to primary manufacturers including Lanner Electronics (Taiwan), AEWIN Technologies (Taiwan), and iBase. Manufacturing agreements use short initial terms with automatic annual renewals and do not include long-term capacity guarantees.
• Inventory and supply: Some components are sourced from sole or limited suppliers and can have lengthy lead times. Dependence on external manufacturers can affect delivery timing and costs.
• Open source and software: The company uses open source software (for example, the Linux kernel) under internal policies and manages open source licenses.

Services and support

• Revenue includes product sales plus maintenance and support contracts.
• Support centers provide global coverage and tiered service offerings.
• Renewal of maintenance and support contracts is an important element of recurring revenue.

Strategic position

A10 focuses on delivering integrated application delivery, security, and traffic management within a single architecture to reduce operational complexity for customers deploying hybrid, multi-cloud, and AI-enabled workloads. The company competes across ADC, cloud-based security, WAAP, DDoS protection, and API security markets, and aims to grow recurring revenue through subscriptions and software-focused offerings.