AVNW · Aviat Networks, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $70.72M | $75.37M | $71.66M | $77.31M | $73.34M | $68.64M | $58.21M | $75.08M | $55.71M | $58.46M |
| Gross Profit | $29.28M | $36.10M | $35.66M | $40.89M | $39.30M | $19.79M | $36.83M | $36.53M | $31.85M | $32.22M |
| R&D | $7.66M | $6.41M | $7.10M | $10.22M | $7.70M | $10.41M | $8.39M | $10.62M | $6.42M | $6.05M |
| SG&A | $20.36M | $22.38M | $23.38M | $21.28M | $22.12M | $24.95M | $21.44M | $21.30M | $19.24M | $16.57M |
| Total Operating Expenses | $28.34M | $28.81M | $30.47M | $32.92M | $30.00M | $35.36M | $31.84M | $31.51M | $26.30M | $23.54M |
| D&A | $700.0K | $900.0K | $463.0K | $1.47M | $1.17M | $1.32M | $905.0K | $1.00M | $1.17M | $1.42M |
| Operating Income | $939.0K | $7.29M | $5.19M | $7.97M | $9.29M | ($15.57M) | $4.99M | $5.03M | $5.55M | $8.68M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | ($244.0K) | $2.40M | $2.34M | $1.63M | $1.14M | ($5.51M) | $2.35M | $619.0K | $641.0K | $3.09M |
| Net Income | ($2.06M) | $5.72M | $162.0K | $4.50M | $3.53M | ($11.88M) | $2.89M | $3.42M | $4.00M | $6.05M |
| EPS - Basic | ($0.16) | $0.44 | $0.01 | $0.35 | $0.28 | ($0.94) | $0.24 | $0.27 | $0.35 | $0.53 |
| EPS - Diluted | ($0.16) | $0.44 | $0.01 | $0.35 | $0.27 | ($0.94) | $0.24 | $0.27 | $0.34 | $0.51 |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $78.13M | $86.47M | $64.83M | $59.69M | $49.43M | $51.03M | $64.62M | $58.20M | $35.47M | $22.24M |
| Accounts Receivable | $187.62M | $203.12M | $180.47M | $180.32M | $178.04M | $169.00M | $158.01M | $138.37M | $94.50M | $101.65M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $112.06M | $145.41M | $142.42M | $148.09M | $137.73M | $104.93M | $92.85M | $64.56M | $61.77M | $60.14M |
| Current Assets | $450.36M | $493.85M | $474.54M | $463.57M | $456.60M | $427.26M | $405.22M | $362.46M | $244.41M | $237.70M |
| Total Assets | $616.54M | $659.36M | $643.32M | $633.30M | $628.34M | $590.86M | $535.22M | $490.34M | $370.30M | $364.50M |
| Current Liabilities | $226.29M | $267.10M | $258.20M | $282.20M | $282.09M | $248.20M | $218.86M | $171.14M | $129.21M | $130.06M |
| Long-term Debt | $98.67M | $100.93M | $102.04M | $68.97M | $70.20M | $80.98M | $45.95M | $46.55M | - | - |
| Total Liabilities | $344.77M | $387.74M | $379.68M | $370.11M | $372.22M | $343.75M | $279.34M | $231.84M | $144.15M | $144.40M |
| Stockholders' Equity | $271.78M | $271.61M | $263.64M | $263.18M | $256.12M | $247.11M | $255.88M | $258.51M | $226.15M | $220.10M |
| Retained Earnings | ($573.36M) | ($571.29M) | ($577.01M) | ($577.17M) | ($582.37M) | ($590.39M) | ($578.51M) | ($577.60M) | ($583.91M) | ($587.91M) |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($11.74M) | - | - | ($27.16M) | - | - | $13.98M | - |
| Investing Cash Flow | - | - | ($1.73M) | - | - | ($21.18M) | - | - | ($717.0K) | - |
| Financing Cash Flow | - | - | $18.50M | - | - | $34.29M | - | - | $180.0K | - |
| CapEx | - | - | $1.73M | - | - | $5.42M | - | - | $717.0K | - |
| Free Cash Flow | - | - | ($13.47M) | - | - | ($32.59M) | - | - | $13.26M | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | -83.14 | - | - | 2.74 | - | - | 3.31 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | 29.6% | 93.5% | 26.6% | 24.4% | - | 44.8% | 15.3% | 13.8% | 33.8% |
| Return on assets | -0.3% | 0.9% | 0.0% | 0.7% | 0.6% | -2.0% | 0.5% | 0.7% | 1.1% | 1.7% |
| Return on equity | -0.8% | 2.1% | 0.1% | 1.7% | 1.4% | -4.8% | 1.1% | 1.3% | 1.8% | 2.7% |
| Return on invested capital | 0.2% | 1.4% | 0.7% | 1.8% | 2.2% | -3.7% | 0.9% | 1.4% | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.99 | 1.85 | 1.84 | 1.64 | 1.62 | 1.72 | 1.85 | 2.12 | 1.89 | 1.83 |
| Quick ratio | 1.99 | 1.85 | 1.84 | 1.64 | 1.62 | 1.72 | 1.85 | 2.12 | 1.89 | 1.83 |
| Cash ratio | 0.35 | 0.32 | 0.25 | 0.21 | 0.18 | 0.21 | 0.30 | 0.34 | 0.27 | 0.17 |
| Leverage | ||||||||||
| Debt / Equity | 0.36 | 0.37 | 0.39 | 0.26 | 0.27 | 0.33 | 0.18 | 0.18 | - | - |
| Debt / Assets | 0.16 | 0.15 | 0.16 | 0.11 | 0.11 | 0.14 | 0.09 | 0.09 | - | - |
| Debt / EBITDA | 60.20 | 12.33 | 18.05 | 7.30 | 6.71 | - | 7.79 | 7.72 | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.27 | 2.43 | 2.44 | 2.41 | 2.45 | 2.39 | 2.09 | 1.90 | 1.64 | 1.66 |
| Liabilities / Assets | 0.56 | 0.59 | 0.59 | 0.58 | 0.59 | 0.58 | 0.52 | 0.47 | 0.39 | 0.40 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 578d | 704d | 725d | 699d | 685d | 558d | 582d | 314d | 405d | 375d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | 48.7x | 2254.0x | 68.4x | 69.9x | - | 119.5x | 142.0x | 91.8x | 65.4x |
| P / B | 1.1x | 1.0x | 1.1x | 1.2x | 0.9x | 1.2x | 1.4x | 1.9x | 1.6x | 1.8x |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | 193.3x | 35.8x | 58.3x | 33.4x | 25.2x | - | 56.3x | 79.3x | 50.2x | 36.8x |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -25.5% | -11.7% | 80.2% | 11.0% | 7.6% | -37.9% | 14.3% | 22.5% | 8.1% | 14.4% |
| Operating income growth (YoY) | -89.9% | -8.6% | - | 59.6% | 84.8% | - | -42.5% | -32.9% | 41.8% | -5.8% |
| Net income growth (YoY) | - | 27.2% | - | 55.5% | 3.2% | - | -52.2% | -30.1% | - | 2.2% |
| EPS growth (YoY) | - | 25.7% | - | 45.8% | 0.0% | - | -52.9% | -34.1% | - | 4.1% |
| EPS CAGR (3y) | - | -4.8% | - | -10.6% | -19.1% | - | -40.9% | -67.7% | -31.8% | - |
| EPS CAGR (5y) | - | -17.6% | -60.7% | - | 15.7% | - | -10.2% | -19.1% | - | - |
| FCF growth (YoY) | - | - | 58.7% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 6.1% | 3.2% | 6.7% | 2.9% | -0.9% | 9.3% | 16.3% | 20.0% | 13.4% | 14.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-07-02.
Product / service
$274.91M totalProduct$185.79M · 67.6%
Service$89.12M · 32.4%
Geographic
$456.75M totalNorth America$183.07M · 40.1%
US$181.84M · 39.8%
Africa And Middle East$44.02M · 9.6%
Latin America And Asia Pacific$38.99M · 8.5%
Europe And Russia$8.83M · 1.9%
Peer comparison
Same SIC group: Radio & Tv Broadcasting & Communications Equipment
Comparing AVIAT NETWORKS against the 5 most active filers in the same SIC group.