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Aviat Networks AVNW
$ 22.15 1.51%
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Quarterly report 2025-Q4
added 02-03-2026

Aviat Networks Income Statement 2025-2011 | AVNW

Brief overview of profit and loss at Aviat Networks

The comparison covers a five-year financial horizon. Aviat Networks reported revenue of $239 million in 2020 and $435 million by 2025. The cumulative result was +82.1%, corresponding to roughly 12.7% per year. The company expanded its sales base at a healthy rate.

Gross profit changed from 84.7 million dollars to 139 million dollars (+64.6%). Direct costs outpaced revenue, limiting the benefit of changes in sales. Comparing the endpoints gives gross margins of 35.5% and 32.1%. The margin decline reflects a less favorable sales-and-cost structure.

Over the period, EBITDA shifted from 7.8 million dollars to 15.9 million dollars, a change of +104.9%. Operating profitability strengthened faster than the scale of sales. Comparing the endpoints gives EBITDA margins of 3.3% and 3.7%. The operating margin showed no pronounced shift.

Net income changed from $257 thousand to $1.3 million (+421.8%). Profit outpaced sales and strengthened the quality of growth.

Market value was 111 million dollars at the start and 288 million dollars at the end. Market value lagged the financial performance.

Conclusion

The five-year picture requires weighing both strengths and weaknesses. Key strengths include improving net profitability, sales growth and consistent operating efficiency. The weaker side of the profile includes a narrow EBITDA buffer and pressure from direct costs. Investors should continue to monitor margins, costs, and earnings quality.

Annual Income Statement Aviat Networks

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

288 M 236 M 386 M 379 M 320 M 111 M 68.9 M 82.7 M 100 M 39.9 M 70.9 M 83.2 M 160 M 131 M 227 M

Shares

12.7 M 12.2 M 11.4 M 11.2 M 11 M 10.8 M 10.8 M 10.7 M 10.6 M 10.5 M 10.4 M 10.3 M 10 M 9.83 M 9.77 M

Historical Prices

22.7 19.4 34 34 29 18 6.85 6.72 8.29 6.38 4.44 7.68 11.4 22.5 13.3

Net Income

1.34 M 10.8 M 10.2 M 21.2 M 110 M 257 K 9.74 M 1.84 M -823 K -29.9 M -24.7 M -51.2 M -16.7 M -24.1 M -90.5 M

Revenue

435 M 408 M 344 M 303 M 275 M 239 M 244 M 243 M 242 M 269 M 336 M 346 M 471 M 444 M 452 M

Cost of Revenue

295 M 263 M 222 M 194 M 172 M 154 M 165 M 162 M 166 M 207 M 255 M 261 M 333 M 312 M 324 M

Gross Profit

139 M 145 M 122 M 109 M 103 M 84.7 M 79.3 M 80.5 M 75.5 M 61.7 M 80.7 M 85.1 M 138 M 132 M 128 M

Operating Income

10.6 M 19.4 M 24.6 M 28.7 M 22.2 M 3.38 M 1.37 M 1.32 M -985 K -27.4 M -25.9 M -50.6 M - -13.3 M -38.2 M

Interest Expense

-941 K -158 K -2.77 M 1.53 M 230 K 54 K 102 K 29 K 50 K 104 K 400 K 400 K 800 K 1.3 M 2.2 M

EBITDA

15.9 M 23.4 M 30.1 M 33.2 M 27.6 M 7.76 M 5.84 M 6.52 M 5.44 M -20.8 M -18.4 M -43.2 M 4 M -6.1 M -26.2 M

Operating Expenses

129 M 125 M 97.8 M 80.5 M 80.4 M 81.3 M 77.9 M 79.2 M 75.9 M 89.2 M 107 M 136 M 138 M 145 M 166 M

General and Administrative Expenses

89.5 M 85 M 69.8 M 57.7 M 56.3 M - - - - - - 800 K 500 K 1.5 M 3.6 M

All numbers in USD currency

Quarterly Income Statement Aviat Networks

2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

12.9 M 12.8 M 12.7 M 12.7 M 12.7 M 12.6 M 12.6 M 12.6 M 12 M 11.6 M 11.5 M 11.4 M 11.3 M 11.2 M 11.2 M 11.2 M 11.3 M 11.2 M 11.2 M 11.2 M - 10.8 M 10.8 M 5.41 M 5.43 M 5.35 M 5.43 M 5.35 M 5.4 M 5.37 M 5.4 M 5.37 M 5.33 M 5.32 M 5.33 M 5.31 M 5.28 M 5.23 M 5.28 M 5.26 M - 5.21 M 5.21 M 62.5 M 62.1 M 62 M 62.1 M 62 M 61.8 M 60.9 M 61.8 M 60.9 M 60 M 59.3 M 60 M 59.3 M 59 M 58.8 M 60.6 M 60.6 M

Net Income

5.72 M 162 K - 3.53 M 4.5 M -11.9 M - 3.87 M 1.78 M 3.56 M - 4.89 M 6.05 M -2.75 M 3.3 M 6.03 M 5.92 M 4.68 M 10.6 M 94.7 M - 5.94 M 1.14 M 5.94 M -1.67 M 54 K -1.67 M 4.34 M 2.31 M -750 K 54 K -2.62 M 5.07 M -657 K -1.47 M -399 K 1.68 M -629 K 1.68 M -629 K - -1.2 M -1.44 M -1.2 M -4.55 M -4 M -3.3 M -5.7 M -9.7 M -13.5 M -9.9 M -13.6 M -5.3 M -2.2 M -5.3 M -2.2 M -12.8 M -6.8 M -12.8 M -6.8 M

Revenue

111 M 107 M - 113 M 118 M 88.4 M - 111 M 93.7 M 86.9 M - 83.5 M 90.7 M 81.3 M 172 M 74.5 M 77.9 M 73.2 M 151 M 66.4 M - 66.3 M 62.7 M 61.4 M 56 M 58.6 M 64.2 M 54 M 65.1 M 60.5 M 62.5 M 62.1 M 61.7 M 56.2 M 118 M 58.7 M 68.5 M 58.2 M 68.5 M 58.2 M - 79.6 M 87.7 M 79.6 M 90.9 M 90.9 M 92.5 M 82.4 M 85.8 M 93.4 M 85.8 M 93.4 M 129 M 115 M 129 M 115 M 105 M 111 M 105 M 111 M

Cost of Revenue

75.4 M 71.7 M - 73.3 M 77.3 M 68.6 M - 74.8 M 57.4 M 55.7 M - 53.6 M 58.5 M 51.8 M 110 M 47 M 49.7 M 47.1 M 96.8 M 40.8 M - 42 M - 42 M 37.7 M 36.1 M 37.7 M 36.1 M 42.6 M 42.6 M 42.6 M 42.6 M 39.8 M 38.9 M 39.8 M 38.9 M 47.4 M 40.8 M 47.4 M 40.8 M - 58.5 M - 58.6 M 66.9 M 66.4 M 67.3 M 60.6 M 64.5 M 70.3 M 64.5 M 70.3 M 90.3 M 81.3 M 90.3 M 81.3 M 73.1 M 78.7 M 73.1 M 78.7 M

Gross Profit

36.1 M 35.7 M - 39.3 M 40.9 M 19.8 M - 36.1 M 36.3 M 31.2 M - 29.8 M 32.2 M 29.5 M 61.7 M 27.5 M 28.2 M 26.1 M 54.2 M 25.6 M - 24.2 M 21.9 M 24.2 M 18.3 M 22.6 M 18.3 M 22.6 M 22.5 M 17.9 M 22.5 M 17.9 M 21.9 M 17.3 M 21.9 M 17.3 M 21.1 M 17.4 M 21.1 M 17.4 M - 21 M 18.6 M 21 M 24 M 24.5 M 25.2 M 21.8 M 21.5 M 23.2 M 21.3 M 23.1 M 38.7 M 33.7 M 38.7 M 33.7 M 31.9 M 32.7 M 31.9 M 32.7 M

Operating Income

7.29 M 5.19 M - 9.29 M 7.97 M -15.6 M - 5.67 M 3.39 M 4.89 M - 7.5 M 8.68 M 3.91 M 12.6 M 7.48 M 9.21 M 6.81 M 16 M 4.04 M - 6.56 M 2.12 M 6.56 M -1.5 M 1.52 M -1.5 M 1.52 M 2.88 M -1.51 M 2.88 M -1.51 M 2.89 M -1.23 M 2.89 M -1.23 M 2.51 M -2.92 M 2.51 M -2.92 M - -1.6 M -5.1 M -1.6 M -3.75 M -3.2 M -2.5 M -5.6 M -10.5 M -13.3 M -10.7 M -13.4 M 4.9 M 700 K 4.9 M 1.3 M -8.9 M -2.5 M -8.6 M -2.5 M

Interest Expense

2.74 M -973 K - -3.07 M -269 K -710 K - -63 K 637 K -802 K - -306 K 460 K -2.78 M -2.32 M -175 K -240 K 28 K -212 K - - 1 K - 19 K 1 K 3 K 1 K 3 K 76 K 5 K 76 K 5 K 13 K 6 K 13 K 6 K 3 K 18 K 3 K 18 K - 9 K - - 200 K 100 K 200 K 100 K 100 K 100 K 100 K 100 K 200 K 300 K 200 K 300 K 400 K 400 K 400 K 400 K

EBITDA

8.19 M 5.65 M - 10.5 M 9.47 M -14.3 M - 6.67 M 4.29 M 6.06 M - 8.92 M 10.1 M 5.26 M 15.4 M 8.53 M 10.3 M 8.08 M 18.4 M 5.39 M - 7.82 M 2.12 M 7.82 M -420 K 2.56 M -420 K 2.56 M 3.98 M -226 K 3.98 M -226 K 4.2 M 56 K 4.2 M 56 K 3.98 M -1.26 M 3.98 M -1.26 M - 106 K -5.01 M 100 K -1.85 M -1.6 M -600 K -4 M -8.4 M -11.9 M -8.6 M -12 M 6.2 M 2.3 M 6.2 M 2.9 M -7.6 M -1.7 M -6.5 M -1.7 M

Operating Expenses

28.8 M 30.5 M - 30 M 32.9 M 35.4 M - 30.4 M 32.9 M 26.3 M - 22.3 M 23.5 M 25.5 M 49.1 M 20.1 M 18.9 M 19.3 M 38.2 M 21.5 M - 17.7 M - 17.7 M 19.8 M 21 M 19.8 M 21 M 19.6 M 19.4 M 19.6 M 19.4 M 19 M 18.5 M 19 M 18.5 M 18.6 M 20.3 M 18.6 M 20.3 M - 22.6 M - 22.6 M 27.7 M 27.4 M 27.7 M 27.4 M 32 M 36.5 M 32 M 36.5 M 33.8 M 33 M 33.8 M 32.4 M 9.4 M 2.9 M 40.5 M 35.2 M

General and Administrative Expenses

22.4 M 23.4 M - 22.1 M 21.3 M 24.9 M - 20.2 M 22.5 M 19.2 M - 15.8 M 16.6 M 17.5 M 34.1 M 14.9 M 13.7 M 12.7 M 26.4 M 15.1 M - 12.8 M - 12.8 M 14.5 M 14.6 M 14.5 M 14.6 M 14.3 M 13.7 M 14.3 M 13.7 M 14.1 M 13.7 M 14.1 M 13.7 M 14.1 M 15.2 M 14.1 M 15.2 M - 17.1 M - 17.1 M 21.2 M 19.2 M 21.2 M 19.2 M 22.2 M 22.2 M 22.2 M 22.2 M 23.7 M 23.3 M 23.7 M 22.7 M 25.3 M 24.6 M 25.3 M 24.6 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Aviat Networks (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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