A10 Network (ATEN)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Gross profit (ttm)	US$ in thousands	219,362	206,822	205,494	203,738	208,486	219,014	221,148	223,506	218,104	212,976	204,026	196,537	189,242	180,561	176,101	175,379	173,061	170,489	167,329	163,747
Revenue (ttm)	US$ in thousands	270,297	255,634	255,392	251,700	262,318	275,268	276,946	280,441	273,478	266,347	257,358	250,042	242,026	233,274	226,605	225,526	223,187	219,382	216,035	212,406
Gross profit margin		81.16%	80.91%	80.46%	80.94%	79.48%	79.56%	79.85%	79.70%	79.75%	79.96%	79.28%	78.60%	78.19%	77.40%	77.71%	77.76%	77.54%	77.71%	77.45%	77.09%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $219,362K ÷ $270,297K
= 81.16%

The gross profit margin of A10 Network has shown a generally increasing trend over the years, reflecting the company's ability to effectively manage its cost of goods sold relative to its revenue. The margin has fluctuated within a range, starting at 77.09% as of December 31, 2019, and reaching 81.16% by December 31, 2024. This indicates that A10 Network has been able to generate more profits from its core business operations over time, which is a positive sign of operational efficiency and profitability. The consistent improvement in gross profit margin suggests that the company has been successful in optimizing its production and pricing strategies to enhance its profitability. It will be important for A10 Network to continue monitoring and maintaining its gross profit margin to ensure sustained profitability and competitiveness in the market.