15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $435M | $1M | 32.1% | 2.4% | -$7M | $88M | $60M |
| 2024 | $408M | $11M | 35.5% | 4.8% | $28M | $48M | $65M |
| 2023 | $344M | $10M | 35.5% | 7.1% | -$7M | $0 | $22M |
| 2022 | $303M | $21M | 36.1% | 9.5% | $997000 | — | $37M |
| 2021 | $275M | $110M | 37.3% | 8.1% | $14M | — | $48M |
| 2020 | $239M | $257000 | 35.5% | 1.4% | $13M | — | $42M |
| 2019 | $244M | $10M | 32.5% | 0.6% | -$2M | — | $32M |
| 2018 | — | $2M | — | — | $2M | — | $37M |
| 2017 | — | -$823000 | — | — | $5M | — | $36M |
| 2016 | — | -$30M | — | — | -$1M | — | $30M |
| 2015 | — | -$25M | — | — | -$13M | — | $35M |
| 2014 | — | -$51M | — | — | -$39M | — | $49M |
| 2013 | — | -$17M | — | — | -$2M | $9M | $90M |
| 2012 | — | -$24M | — | — | $3M | $13M | $96M |
| 2011 | — | -$91M | — | — | -$49M | $6M | $98M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $100M | -$2M | 29.3% | 0.9% | -$5M | $104M | $78M |
| Dec '25 | $111M | $6M | 32.4% | 6.5% | $22M | $105M | $86M |
| Sep '25 | $107M | $162000 | 33.2% | 4.8% | -$13M | $106M | $65M |
| Jun '25 | $115M | $5M | 34.2% | 7.7% | $8M | $88M | $60M |
| Mar '25 | $113M | $4M | 34.9% | 8.3% | -$1M | $74M | $49M |
| Dec '24 | $118M | $4M | 34.6% | 6.7% | $18M | $75M | $53M |
| Sep '24 | $88M | -$12M | 22.4% | -17.6% | -$33M | $83M | $51M |
| Jun '24 | $117M | $2M | 35.3% | 4.7% | $8M | $48M | $65M |
| Mar '24 | $111M | $4M | 32.5% | 5.1% | $15M | $49M | $58M |
| Dec '23 | $94M | $2M | 38.8% | 3.6% | -$8M | $50M | $46M |
| Sep '23 | $87M | $4M | 35.9% | 5.6% | $13M | — | $35M |
| Jun '23 | $89M | $2M | 34.7% | 5.1% | $7M | $0 | $22M |
| Mar '23 | $83M | $5M | 35.7% | 9.0% | -$5M | — | $22M |
| Dec '22 | $91M | $6M | 35.5% | 9.6% | -$2M | — | $21M |
| Sep '22 | $81M | -$3M | 36.3% | 4.8% | -$7M | — | $22M |
| Jul '22 | $77M | $5M | 35.5% | 6.8% | $13M | — | $37M |
| Apr '22 | $75M | $6M | 37.0% | 10.0% | -$9M | — | $31M |
| Dec '21 | $78M | $6M | 36.2% | 11.8% | -$3M | — | $42M |
| Oct '21 | $73M | $5M | 35.7% | 9.3% | $333000 | — | $47M |
| Jul '21 | $72M | $3M | 36.1% | 5.2% | $3M | — | $48M |
How the market has priced AVNW against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, AVIAT NETWORKS, INC.'s revenue has grown 12.7% per year, and net income grown 39.2% per year. These are computed facts, not advice.
As of FY2025, AVIAT NETWORKS, INC. reported $88M of total debt against $60M of cash.
In FY2025, gross margin was 32.1%, operating margin 2.4%, and net margin 0.3%.
As of Jun '26, AVIAT NETWORKS, INC. traded at a price-to-earnings ratio of about 196.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.