A10 Network (ATEN)

Pretax margin

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	43,888	41,084	51,351	50,141	52,672	47,926	42,802	36,302	31,654	28,326	24,941	21,967	19,148	11,442	5,195	-4,618	-16,412	-18,156	-20,362	-18,844
Revenue (ttm)	US$ in thousands	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	213,915	221,580	233,109
Pretax margin		17.44%	15.66%	18.65%	18.10%	18.78%	17.52%	16.07%	14.11%	12.66%	11.70%	10.69%	9.69%	8.49%	5.13%	2.37%	-2.14%	-7.73%	-8.49%	-9.19%	-8.08%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $43,888K ÷ $251,700K
= 17.44%

A10 Networks Inc's pretax margin has demonstrated some fluctuation over the past eight quarters, ranging from a low of 14.07% in Q1 2022 to a high of 18.80% in Q4 2022. The trend appears to be relatively stable, with the pretax margin showing moderate variability rather than a clear directional shift. The company's most recent pretax margin of 17.40% in Q4 2023 is slightly higher than the previous quarter but remains within the range recorded over the past two years. This suggests that A10 Networks Inc has been able to maintain a consistent level of profitability in relation to its pre-tax earnings despite some quarterly variations. A deeper analysis of the underlying factors driving these fluctuations could provide further insight into the company's financial performance and strategic decision-making.