A10 Network (ATEN)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	39,970	46,908	94,887	17,816	-17,819
Revenue	US$ in thousands	251,700	280,338	250,042	225,526	212,391
Net profit margin		15.88%	16.73%	37.95%	7.90%	-8.39%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $39,970K ÷ $251,700K
= 15.88%

The net profit margin of A10 Networks Inc has varied over the past five years, ranging from -8.38% in December 2019 to 37.95% in December 2021. The company showed a significant improvement in profitability from 2019 to 2021, with a substantial increase in net profit margin. However, there was a slight decline in the net profit margin from 2021 to 2022 and another decrease in 2023. Overall, the company has demonstrated the ability to generate increasing levels of profitability in recent years, although fluctuations in net profit margin should be carefully monitored to ensure sustained financial performance.