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Side-by-side financial comparison of A10 Networks, Inc. (ATEN) and CITIZENS, INC. (CIA). Click either name above to swap in a different company.

A10 Networks, Inc. is the larger business by last-quarter revenue ($75.0M vs $72.1M, roughly 1.0× CITIZENS, INC.). A10 Networks, Inc. runs the higher net margin — 16.0% vs 10.2%, a 5.9% gap on every dollar of revenue. On growth, CITIZENS, INC. posted the faster year-over-year revenue change (13.5% vs 13.4%). Over the past eight quarters, CITIZENS, INC.'s revenue compounded faster (11.7% CAGR vs 11.7%).

A10 Networks, Inc. is an American public company specializing in the manufacturing of application delivery controllers. Founded in 2004 by Lee Chen, co-founder of Foundry Networks, A10 originally serviced just the identity management market with its line of ID Series products. In early 2007, they added bandwidth management appliances. The company had its initial public offering on March 21, 2014, raising $187.5 million.

Citizen Watch Co., Ltd. , also known as the Citizen Group, is an electronics company primarily known for its watches and is the core company of a Japanese global corporate group based in Nishitokyo, Tokyo, Japan. In addition to Citizen brand watches, it is the parent of American watch company Bulova. Beyond watches, Citizen also manufactures calculators, printers, health care devices, and precision CNC machining equipment.

ATEN vs CIA — Head-to-Head

Bigger by revenue
ATEN
ATEN
1.0× larger
ATEN
$75.0M
$72.1M
CIA
Growing faster (revenue YoY)
CIA
CIA
+0.1% gap
CIA
13.5%
13.4%
ATEN
Higher net margin
ATEN
ATEN
5.9% more per $
ATEN
16.0%
10.2%
CIA
Faster 2-yr revenue CAGR
CIA
CIA
Annualised
CIA
11.7%
11.7%
ATEN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ATEN
ATEN
CIA
CIA
Revenue
$75.0M
$72.1M
Net Profit
$12.0M
$7.3M
Gross Margin
79.6%
Operating Margin
17.3%
10.9%
Net Margin
16.0%
10.2%
Revenue YoY
13.4%
13.5%
Net Profit YoY
102.7%
EPS (diluted)
$0.17

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATEN
ATEN
CIA
CIA
Q1 26
$75.0M
Q4 25
$80.4M
$72.1M
Q3 25
$74.7M
$62.8M
Q2 25
$69.4M
$65.1M
Q1 25
$66.1M
$55.7M
Q4 24
$74.2M
$63.5M
Q3 24
$66.7M
$61.7M
Q2 24
$60.1M
$62.1M
Net Profit
ATEN
ATEN
CIA
CIA
Q1 26
$12.0M
Q4 25
$9.9M
$7.3M
Q3 25
$12.2M
$2.4M
Q2 25
$10.5M
$6.5M
Q1 25
$9.5M
$-1.6M
Q4 24
$18.3M
$3.6M
Q3 24
$12.6M
$2.8M
Q2 24
$9.5M
$4.0M
Gross Margin
ATEN
ATEN
CIA
CIA
Q1 26
79.6%
Q4 25
78.7%
Q3 25
80.1%
Q2 25
78.9%
Q1 25
79.7%
Q4 24
79.9%
Q3 24
80.5%
Q2 24
80.0%
Operating Margin
ATEN
ATEN
CIA
CIA
Q1 26
17.3%
Q4 25
18.7%
10.9%
Q3 25
17.4%
7.1%
Q2 25
14.9%
10.6%
Q1 25
13.3%
-3.2%
Q4 24
24.8%
5.9%
Q3 24
15.7%
4.9%
Q2 24
13.2%
5.3%
Net Margin
ATEN
ATEN
CIA
CIA
Q1 26
16.0%
Q4 25
12.3%
10.2%
Q3 25
16.3%
3.8%
Q2 25
15.2%
9.9%
Q1 25
14.4%
-2.9%
Q4 24
24.7%
5.7%
Q3 24
18.9%
4.5%
Q2 24
15.8%
6.4%
EPS (diluted)
ATEN
ATEN
CIA
CIA
Q1 26
$0.17
Q4 25
$0.13
Q3 25
$0.17
Q2 25
$0.14
Q1 25
$0.13
Q4 24
$0.24
Q3 24
$0.17
Q2 24
$0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATEN
ATEN
CIA
CIA
Cash + ST InvestmentsLiquidity on hand
$57.9M
$23.0M
Total DebtLower is stronger
$219.2M
Stockholders' EquityBook value
$220.8M
$235.0M
Total Assets
$634.4M
$1.8B
Debt / EquityLower = less leverage
0.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATEN
ATEN
CIA
CIA
Q1 26
$57.9M
Q4 25
$684.6M
$23.0M
Q3 25
$370.9M
$23.1M
Q2 25
$367.4M
$22.7M
Q1 25
$355.8M
$18.4M
Q4 24
$195.6M
$29.3M
Q3 24
$182.1M
$32.4M
Q2 24
$177.1M
$26.3M
Total Debt
ATEN
ATEN
CIA
CIA
Q1 26
$219.2M
Q4 25
$218.8M
Q3 25
$218.4M
Q2 25
$218.1M
Q1 25
$217.7M
Q4 24
$0
Q3 24
Q2 24
Stockholders' Equity
ATEN
ATEN
CIA
CIA
Q1 26
$220.8M
Q4 25
$211.5M
$235.0M
Q3 25
$206.2M
$225.6M
Q2 25
$204.0M
$229.0M
Q1 25
$195.9M
$218.1M
Q4 24
$231.8M
$210.4M
Q3 24
$217.3M
$207.6M
Q2 24
$214.4M
$191.5M
Total Assets
ATEN
ATEN
CIA
CIA
Q1 26
$634.4M
Q4 25
$629.8M
$1.8B
Q3 25
$620.1M
$1.7B
Q2 25
$607.9M
$1.7B
Q1 25
$606.2M
$1.7B
Q4 24
$432.8M
$1.7B
Q3 24
$407.7M
$1.7B
Q2 24
$397.2M
$1.7B
Debt / Equity
ATEN
ATEN
CIA
CIA
Q1 26
0.99×
Q4 25
1.03×
Q3 25
1.06×
Q2 25
1.07×
Q1 25
1.11×
Q4 24
0.00×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATEN
ATEN
CIA
CIA
Operating Cash FlowLast quarter
$2.2M
$18.0M
Free Cash FlowOCF − Capex
$17.5M
FCF MarginFCF / Revenue
24.3%
Capex IntensityCapex / Revenue
3.9%
0.6%
Cash ConversionOCF / Net Profit
0.19×
2.45×
TTM Free Cash FlowTrailing 4 quarters
$26.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATEN
ATEN
CIA
CIA
Q1 26
$2.2M
Q4 25
$22.7M
$18.0M
Q3 25
$22.8M
$4.7M
Q2 25
$22.2M
$3.5M
Q1 25
$17.2M
$748.0K
Q4 24
$25.7M
$31.9M
Q3 24
$20.1M
$9.7M
Q2 24
$12.2M
$4.6M
Free Cash Flow
ATEN
ATEN
CIA
CIA
Q1 26
Q4 25
$16.0M
$17.5M
Q3 25
$18.1M
$4.6M
Q2 25
$17.9M
$3.3M
Q1 25
$12.7M
$641.0K
Q4 24
$23.3M
$31.3M
Q3 24
$16.7M
$9.3M
Q2 24
$8.7M
$4.5M
FCF Margin
ATEN
ATEN
CIA
CIA
Q1 26
Q4 25
20.0%
24.3%
Q3 25
24.2%
7.3%
Q2 25
25.9%
5.1%
Q1 25
19.2%
1.2%
Q4 24
31.4%
49.2%
Q3 24
25.0%
15.1%
Q2 24
14.5%
7.2%
Capex Intensity
ATEN
ATEN
CIA
CIA
Q1 26
3.9%
Q4 25
8.3%
0.6%
Q3 25
6.3%
0.1%
Q2 25
6.1%
0.3%
Q1 25
6.8%
0.2%
Q4 24
3.2%
1.0%
Q3 24
5.2%
0.6%
Q2 24
5.8%
0.2%
Cash Conversion
ATEN
ATEN
CIA
CIA
Q1 26
0.19×
Q4 25
2.30×
2.45×
Q3 25
1.87×
1.93×
Q2 25
2.10×
0.54×
Q1 25
1.80×
Q4 24
1.40×
8.81×
Q3 24
1.59×
3.48×
Q2 24
1.29×
1.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATEN
ATEN

Products$44.0M59%
Services$31.0M41%

CIA
CIA

Segment breakdown not available.

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