A10 Networks, Inc.

Greetings. Welcome to 810 Network's fourth quarter and full year 2025 financial results conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow a formal presentation. I will now turn the conference over to your host, Tom Bauman. Sir, you may begin.

Thank you, and thank you all for joining us today. This call is being recorded and webcast live on and may be accessed for at least 90 days via the A10 Networks website at atennetworks.com. Hosting the call today are Drupal Trivedi, A10's President and CEO, and CFO, Michelle Karan. Before we begin, I would like to remind you that shortly after the market closed today, A10 Networks issued a press release announcing its fourth quarter 2025 financial results. Additionally, A10 published a presentation and supplemental trended financial statements. You may access the press release, presentation, and trended financial statements on the investor relations section of the company's website. During the course of today's call, management will make forward-looking statements, including statements regarding projections for future operating results, demand, industry and customer trends, macroeconomic factors, strategy, potential new products and solutions, our capital allocation strategy, profitability, expenses and investments, positioning, and our dividend program. These statements are based on current expectations and beliefs as of today, February 4th, 2026. These forward-looking statements involve a number of risks and uncertainties, some of which are beyond our control that could cause actual results to differ materially, and you should not rely on them as predictions of future events. A-10 does not intend to update information contained in these forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by law. For a more detailed description of these risks and uncertainties, please refer to most recent 10-K and quarterly report on Form 10-Q. Please note that with the exception of revenue, financial measures discussed today are on a non-GAAP basis. unless otherwise noted, and have been adjusted to exclude certain charges. The non-GAAP financial measures are not intended to be considered in isolation or as a substitute for prepared remarks in accordance with GAAP and may be different from non-GAAP financial measures presented by other companies. A reconciliation between GAAP and non-GAAP measures can be found in the press release issued today and on the trended quarterly financial statements posted on the company's website, at www.atennetworks.com. Now, I'd like to turn the call over to Drupad Trivedi, President and CEO of ATEN Networks.

Thank you, Tom, and thank you all for joining us. Today, ATEN reported record quarterly and full-year revenue results. These results reinforce ATEN's strategic position. A key contributor continues to be the sustained investment in an environment supporting AI-driven workloads. As customers scale high-performance computing, inference platforms, and data-intensive applications, they are increasingly focused on traffic management, availability, and security at massive scale. These requirements play directly to ATEN's strength. For the full year, revenue grew 11% year over year, outpacing growth rates across much of our competitive landscape and underscoring the increasing relevance of our portfolio with customers. We entered 2026 with momentum supported by macro trends as a result of our agile strategy, strong execution, and excellent industry reputations. Increasingly, we are considered a foundational piece in the development of AI and other infrastructure, in addition to being a critical component for customers operating their current environments. As our customers grow, we grow. In the fourth quarter, we delivered 80.4 million in revenue, our largest single quarter ever. Revenue expanded 8.3% year-over-year in spite of an unusually strong seasonal fourth quarter last year. Our investments in targeting North America customers has resulted in this portion of our business growing faster than ever.