AVNW— AVIAT NETWORKS, INC.

Communication ServicesCommunications$272M mkt cap

Metric	FY2025	FY2024	FY2023	FY2022
Total revenues	$434.6M+6.5%	$408.1M+18.5%	$344.4M+13.7%	$303.0M
Total cost of revenues	$295.2M+12.1%	$263.4M+18.6%	$222.1M+14.6%	$193.7M
Gross margin	$139.4M-3.7%	$144.7M+18.3%	$122.4M+12.0%	$109.2M
Research and development	$35.8M-1.8%	$36.4M+46.2%	$24.9M+10.2%	$22.6M
Selling and administrative	$89.5M+5.2%	$85.0M+21.8%	$69.8M+21.1%	$57.7M
Restructuring charges	$3.6M-6.6%	$3.9M+28.4%	$3.0M+1165.5%	$238K
Total operating expenses	$128.9M+2.8%	$125.3M+28.2%	$97.8M+21.5%	$80.5M
Operating income	$10.6M-45.5%	$19.4M-21.2%	$24.6M-14.4%	$28.7M
Interest expense, net	$6.1M+159.2%	$2.3M+339.3%	$532K+438.9%	-$157K
Other expense, net	$941K+495.6%	$158K-94.3%	$2.8M+281.0%	-$1.5M
Income before income taxes	$3.6M-78.8%	$16.9M-20.7%	$21.3M-30.0%	$30.4M
Provision for income taxes	$2.2M-63.6%	$6.1M-44.9%	$11.1M+20.2%	$9.3M
Net income, basic	$1.3M-87.5%	$10.8M+5.8%	$10.2M-51.9%	$21.2M
Net income, diluted	$1.3M-87.5%	$10.8M+5.8%	$10.2M-51.9%	$21.2M
Net income attributable to Aviat Networks	$1.3M-87.5%	$10.8M+5.8%	$10.2M-51.9%	$21.2M
Basic (in dollars per share)	$0.11-87.5%	$0.88-2.2%	$0.90-52.4%	$1.89
Diluted (in dollars per share)	$0.10-88.4%	$0.86+0.0%	$0.86-52.0%	$1.79
Basic (in shares)	12.7M+4.1%	12.2M+7.3%	11.4M+1.7%	11.2M
Diluted (in shares)	12.8M+3.0%	12.5M+5.1%	11.9M+0.3%	11.8M
Product sales
Services

Source: SEC EDGAR XBRL. % change vs prior period shown where available.

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