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A10 Networks vs Lantronix: revenue, profit, margins and growth compared

A10 Networks brought in $290.6M of revenue in fiscal 2025, Lantronix $120.9M in fiscal 2026. Revenue changed by +11.0% at A10 Networks and -1.6% at Lantronix on the year before, so A10 Networks grew faster. A10 Networks kept 14.5% of its revenue as net profit, Lantronix -3.5%. Free cash flow was $64.8M at A10 Networks and $9.3M at Lantronix.

Side by side, latest fiscal year

ATENLTRX
Fiscal year endedFY2025 (December 31, 2025)FY2026 (June 30, 2026)
Revenue$290.6M$120.9M
Revenue growth+11.0%-1.6%
Net income$42.1M-$4.2M
Net margin14.5%-3.5%
Free cash flow$64.8M$9.3M
Free cash flow margin22.3%7.7%
Earnings per share (diluted)$0.57-$0.10
Cash$71.1M$60.5M
Debt$218.8M$0
Price to earnings45.1n/a
Market value$1.9B$279.3M
Dividend yield0.93%n/a
Rank by revenue in sector#34 of 51 · Telecommunications#40 of 51 · Telecommunications

Over the years

Revenue
ATEN FY2018: $232.2MATEN FY2019: $212.6MATEN FY2020: $225.5MATEN FY2021: $250MATEN FY2022: $280.3MATEN FY2022: $251.7MATEN FY2024: $261.7MATEN FY2025: $290.6MLTRX FY2019: $46.9MLTRX FY2020: $59.9MLTRX FY2021: $71.5MLTRX FY2022: $129.7MLTRX FY2023: $131.2MLTRX FY2024: $160.3MLTRX FY2025: $122.9MLTRX FY2026: $120.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ATEN $290.6MLTRX $120.9M
Net income
ATEN FY2018: -$27.6MATEN FY2019: -$17.8MATEN FY2020: $17.8MATEN FY2021: $94.9MATEN FY2022: $46.9MATEN FY2022: $40MATEN FY2024: $50.1MATEN FY2025: $42.1MLTRX FY2019: -$408KLTRX FY2020: -$10.7MLTRX FY2021: -$4MLTRX FY2022: -$5.4MLTRX FY2023: -$9MLTRX FY2024: -$4.5MLTRX FY2025: -$11.4MLTRX FY2026: -$4.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ATEN $42.1MLTRX -$4.2M
Net margin
ATEN FY2018: -11.9%ATEN FY2019: -8.4%ATEN FY2020: 7.9%ATEN FY2021: 37.9%ATEN FY2022: 16.7%ATEN FY2022: 15.9%ATEN FY2024: 19.2%ATEN FY2025: 14.5%LTRX FY2019: -0.9%LTRX FY2020: -17.9%LTRX FY2021: -5.7%LTRX FY2022: -4.1%LTRX FY2023: -6.8%LTRX FY2024: -2.8%LTRX FY2025: -9.3%LTRX FY2026: -3.5%FY18FY19FY20FY21FY22FY23FY24FY25FY26
ATEN 14.5%LTRX -3.5%
Revenue growth
ATEN FY2019: -8.4%ATEN FY2020: +6.1%ATEN FY2021: +10.9%ATEN FY2022: +12.1%ATEN FY2022: -10.2%ATEN FY2024: +4.0%ATEN FY2025: +11.0%LTRX FY2020: +27.7%LTRX FY2021: +19.4%LTRX FY2022: +81.4%LTRX FY2023: +1.2%LTRX FY2024: +22.2%LTRX FY2025: -23.3%LTRX FY2026: -1.6%FY19FY20FY21FY22FY23FY24FY25FY26
ATEN +11.0%LTRX -1.6%
Free cash flow
ATEN FY2018: -$5.5MATEN FY2019: -$4.8MATEN FY2020: $51.7MATEN FY2021: $44.9MATEN FY2022: $55.3MATEN FY2022: $33.6MATEN FY2024: $78.2MATEN FY2025: $64.8MLTRX FY2019: -$2.6MLTRX FY2020: -$3.1MLTRX FY2021: $3.5MLTRX FY2022: -$11.5MLTRX FY2023: -$2.4MLTRX FY2024: $17.1MLTRX FY2025: $6.8MLTRX FY2026: $9.3MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ATEN $64.8MLTRX $9.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about A10 Networks and Lantronix

Which is bigger by revenue, A10 Networks or Lantronix?

A10 Networks is bigger by revenue: $290.6M in fiscal 2025, against $120.9M for Lantronix in fiscal 2026.

Which keeps more of its revenue as profit, A10 Networks or Lantronix?

A10 Networks had a net margin of 14.5% in fiscal 2025; Lantronix had -3.5% in fiscal 2026.

Which grew revenue faster, A10 Networks or Lantronix?

In their latest fiscal years revenue changed by +11.0% at A10 Networks and -1.6% at Lantronix.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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