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A10 Networks, Inc.（ATEN）与STEM, INC.（STEM）财务数据对比。点击上方公司名可切换其他公司
A10 Networks, Inc.的季度营收约是STEM, INC.的1.6倍（$75.0M vs $47.1M），A10 Networks, Inc.净利率更高（16.0% vs -33.9%，领先49.9%），A10 Networks, Inc.同比增速更快（13.4% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% vs 11.7%）
A10 Networks是一家美国公开上市科技企业，2004年由前Foundry Networks联合创始人陈岚创立，核心业务为研发制造应用交付控制器。企业最初依托ID系列产品专注身份管理领域，2007年初新增带宽管理设备业务，2014年完成首次公开募股，募资1.875亿美元。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
ATEN vs STEM — 直观对比
营收规模更大
ATEN
是对方的1.6倍
$47.1M
营收增速更快
ATEN
高出29.0%
-15.6%
净利率更高
ATEN
高出49.9%
-33.9%
两年增速更快
STEM
近两年复合增速
11.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $75.0M | $47.1M |
| 净利润 | $12.0M | $-16.0M |
| 毛利率 | 79.6% | 48.9% |
| 营业利润率 | 17.3% | -17.7% |
| 净利率 | 16.0% | -33.9% |
| 营收同比 | 13.4% | -15.6% |
| 净利润同比 | — | 68.8% |
| 每股收益（稀释后） | $0.17 | $-4.40 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ATENSTEM
| Q1 26 | $75.0M | — | ||
| Q4 25 | $80.4M | $47.1M | ||
| Q3 25 | $74.7M | $38.2M | ||
| Q2 25 | $69.4M | $38.4M | ||
| Q1 25 | $66.1M | $32.5M | ||
| Q4 24 | $74.2M | $55.8M | ||
| Q3 24 | $66.7M | $29.3M | ||
| Q2 24 | $60.1M | $34.0M |
净利润ATENSTEM
| Q1 26 | $12.0M | — | ||
| Q4 25 | $9.9M | $-16.0M | ||
| Q3 25 | $12.2M | $-23.8M | ||
| Q2 25 | $10.5M | $202.5M | ||
| Q1 25 | $9.5M | $-25.0M | ||
| Q4 24 | $18.3M | $-51.1M | ||
| Q3 24 | $12.6M | $-148.3M | ||
| Q2 24 | $9.5M | $-582.3M |
毛利率ATENSTEM
| Q1 26 | 79.6% | — | ||
| Q4 25 | 78.7% | 48.9% | ||
| Q3 25 | 80.1% | 35.5% | ||
| Q2 25 | 78.9% | 33.4% | ||
| Q1 25 | 79.7% | 32.4% | ||
| Q4 24 | 79.9% | -4.4% | ||
| Q3 24 | 80.5% | 21.2% | ||
| Q2 24 | 80.0% | 27.6% |
营业利润率ATENSTEM
| Q1 26 | 17.3% | — | ||
| Q4 25 | 18.7% | -17.7% | ||
| Q3 25 | 17.4% | -33.6% | ||
| Q2 25 | 14.9% | -34.8% | ||
| Q1 25 | 13.3% | -65.0% | ||
| Q4 24 | 24.8% | -84.4% | ||
| Q3 24 | 15.7% | -493.2% | ||
| Q2 24 | 13.2% | -1705.5% |
净利率ATENSTEM
| Q1 26 | 16.0% | — | ||
| Q4 25 | 12.3% | -33.9% | ||
| Q3 25 | 16.3% | -62.2% | ||
| Q2 25 | 15.2% | 527.8% | ||
| Q1 25 | 14.4% | -76.9% | ||
| Q4 24 | 24.7% | -91.6% | ||
| Q3 24 | 18.9% | -506.3% | ||
| Q2 24 | 15.8% | -1712.6% |
每股收益（稀释后）ATENSTEM
| Q1 26 | $0.17 | — | ||
| Q4 25 | $0.13 | $-4.40 | ||
| Q3 25 | $0.17 | $-2.84 | ||
| Q2 25 | $0.14 | $-1.79 | ||
| Q1 25 | $0.13 | $-0.15 | ||
| Q4 24 | $0.24 | $-15.29 | ||
| Q3 24 | $0.17 | $-18.24 | ||
| Q2 24 | $0.13 | $-71.81 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $57.9M | $48.9M |
| 总债务越低越好 | $219.2M | — |
| 股东权益账面价值 | $220.8M | $-249.4M |
| 总资产 | $634.4M | $308.9M |
| 负债/权益比越低杠杆越低 | 0.99× | — |
8季度趋势，按日历期对齐
现金及短期投资ATENSTEM
| Q1 26 | $57.9M | — | ||
| Q4 25 | $684.6M | $48.9M | ||
| Q3 25 | $370.9M | $43.1M | ||
| Q2 25 | $367.4M | $40.8M | ||
| Q1 25 | $355.8M | $58.6M | ||
| Q4 24 | $195.6M | $56.3M | ||
| Q3 24 | $182.1M | $75.4M | ||
| Q2 24 | $177.1M | $89.6M |
总债务ATENSTEM
| 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 | — | — |
股东权益ATENSTEM
| Q1 26 | $220.8M | — | ||
| Q4 25 | $211.5M | $-249.4M | ||
| Q3 25 | $206.2M | $-235.7M | ||
| Q2 25 | $204.0M | $-214.1M | ||
| Q1 25 | $195.9M | $-417.5M | ||
| Q4 24 | $231.8M | $-398.4M | ||
| Q3 24 | $217.3M | $-344.1M | ||
| Q2 24 | $214.4M | $-203.2M |
总资产ATENSTEM
| Q1 26 | $634.4M | — | ||
| Q4 25 | $629.8M | $308.9M | ||
| Q3 25 | $620.1M | $362.6M | ||
| Q2 25 | $607.9M | $379.2M | ||
| Q1 25 | $606.2M | $405.1M | ||
| Q4 24 | $432.8M | $437.4M | ||
| Q3 24 | $407.7M | $537.8M | ||
| Q2 24 | $397.2M | $691.5M |
负债/权益比ATENSTEM
| 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 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $2.2M | $8.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 3.9% | — |
| 现金转化率经营现金流/净利润 | 0.19× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ATENSTEM
| Q1 26 | $2.2M | — | ||
| Q4 25 | $22.7M | $8.2M | ||
| Q3 25 | $22.8M | $11.4M | ||
| Q2 25 | $22.2M | $-21.3M | ||
| Q1 25 | $17.2M | $8.5M | ||
| Q4 24 | $25.7M | $-14.7M | ||
| Q3 24 | $20.1M | $-9.4M | ||
| Q2 24 | $12.2M | $-11.9M |
自由现金流ATENSTEM
| Q1 26 | — | — | ||
| Q4 25 | $16.0M | — | ||
| Q3 25 | $18.1M | — | ||
| Q2 25 | $17.9M | — | ||
| Q1 25 | $12.7M | — | ||
| Q4 24 | $23.3M | — | ||
| Q3 24 | $16.7M | — | ||
| Q2 24 | $8.7M | — |
自由现金流率ATENSTEM
| Q1 26 | — | — | ||
| Q4 25 | 20.0% | — | ||
| Q3 25 | 24.2% | — | ||
| Q2 25 | 25.9% | — | ||
| Q1 25 | 19.2% | — | ||
| Q4 24 | 31.4% | — | ||
| Q3 24 | 25.0% | — | ||
| Q2 24 | 14.5% | — |
资本支出强度ATENSTEM
| Q1 26 | 3.9% | — | ||
| Q4 25 | 8.3% | — | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | 6.1% | — | ||
| Q1 25 | 6.8% | — | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 5.2% | — | ||
| Q2 24 | 5.8% | — |
现金转化率ATENSTEM
| Q1 26 | 0.19× | — | ||
| Q4 25 | 2.30× | — | ||
| Q3 25 | 1.87× | — | ||
| Q2 25 | 2.10× | -0.11× | ||
| Q1 25 | 1.80× | — | ||
| Q4 24 | 1.40× | — | ||
| Q3 24 | 1.59× | — | ||
| Q2 24 | 1.29× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ATEN
| Products | $44.0M | 59% |
| Services | $31.0M | 41% |
STEM
暂无分部数据
