# Aviat Networks, Inc. (AVNW)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $245M  
**Price:** $19.12 (+4.20%)

> Aviat Networks, Inc. is a leading provider of wireless transport and backhaul solutions that deliver critical communications infrastructure to telecommunications operators and enterprise customers worldwide. The company offers a comprehensive portfolio including outdoor, indoor, and split-mount microwave radios, microwave routers, private LTE and 5G solutions, and virtual fiber technology designed to enable broadband connectivity across diverse geographies. Aviat Networks serves communications service providers and private network operators spanning transportation agencies, energy and utility companies, public safety organizations, broadcast networks, and government entities across North America, Europe, Africa, the Middle East, Latin America, and Asia Pacific. Beyond hardware, the company provides extensive professional services including network design and engineering, site surveys, project management, and installation support, alongside managed services such as network monitoring, health assurance, and remote upgrades. With more than one million systems deployed across 170 countries, Aviat Networks has established itself as a trusted partner for building reliable and simplified communications networks that support critical infrastructure and telecommunications operations. Headquartered in Austin, Texas, the company combines deep microwave innovation expertise with localized customer support to help operators reduce network complexity and enhance operational efficiency.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $435M | $139M | $11M | $1M | — |
| 2024 | $408M | $145M | $19M | $11M | — |
| 2023 | $344M | $122M | $25M | $10M | — |
| 2022 | $303M | $109M | $29M | $21M | — |
| 2021 | $275M | $103M | $22M | $110M | — |
| 2020 | $239M | $85M | $3M | $257,000 | — |
| 2019 | $244M | $79M | $1M | $10M | — |
| 2018 | $243M | $81M | $1M | $2M | — |
| 2017 | $242M | $75M | -$985,000 | -$823,000 | — |
| 2016 | $269M | $62M | -$27M | -$30M | — |
| 2015 | $336M | $81M | -$26M | -$25M | — |
| 2014 | $346M | $85M | -$51M | -$51M | — |
| 2013 | $471M | $138M | — | -$17M | — |
| 2012 | $444M | $132M | -$13M | -$24M | — |
| 2011 | $452M | $128M | -$38M | -$91M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $633M | $370M | $263M | $60M | $88M |
| 2024 | $535M | $279M | $256M | $65M | $48M |
| 2023 | $363M | $144M | $219M | $22M | — |
| 2022 | $324M | $122M | $202M | $37M | — |
| 2021 | $298M | $114M | $183M | $48M | — |
| 2020 | $180M | $111M | $69M | $42M | — |
| 2019 | $169M | $98M | $72M | $32M | — |
| 2018 | $156M | $99M | $58M | $37M | — |
| 2017 | $153M | $98M | $54M | $36M | — |
| 2016 | $166M | $113M | $53M | $30M | — |
| 2015 | $225M | $141M | $84M | $35M | — |
| 2014 | $253M | $141M | $112M | $49M | — |
| 2013 | $306M | $156M | $150M | $90M | — |
| 2012 | $330M | $172M | $158M | $96M | $9M |
| 2011 | $384M | $206M | $178M | $98M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $6M | $13M | -$7M |
| 2024 | $31M | $3M | $28M |
| 2023 | -$2M | $5M | -$7M |
| 2022 | $3M | $2M | $997,000 |
| 2021 | $17M | $3M | $14M |
| 2020 | $17M | $5M | $13M |
| 2019 | $3M | $5M | -$2M |
| 2018 | $8M | $7M | $2M |
| 2017 | $9M | $4M | $5M |
| 2016 | $356,000 | $2M | -$1M |
| 2015 | -$10M | $4M | -$13M |
| 2014 | -$29M | $9M | -$39M |
| 2013 | $8M | $10M | -$2M |
| 2012 | $8M | $6M | $3M |
| 2011 | -$42M | $7M | -$49M |

Source: [CompaniesByCap](https://companiesbycap.com/company/AVNW)