vs
Side-by-side financial comparison of Arlo Technologies, Inc. (ARLO) and AVIAT NETWORKS, INC. (AVNW). Click either name above to swap in a different company.
Arlo Technologies, Inc. is the larger business by last-quarter revenue ($141.3M vs $111.5M, roughly 1.3× AVIAT NETWORKS, INC.). AVIAT NETWORKS, INC. runs the higher net margin — 5.1% vs 4.1%, a 1.1% gap on every dollar of revenue. On growth, Arlo Technologies, Inc. posted the faster year-over-year revenue change (16.2% vs -5.7%). Over the past eight quarters, Arlo Technologies, Inc.'s revenue compounded faster (6.7% CAGR vs 0.3%).
Arlo Technologies is an American company that makes wireless surveillance cameras. Prior to an initial public offering (IPO) on the New York Stock Exchange in August 2018, Arlo was a brand of such products by Netgear, which retained majority control after the IPO.
Aviat Networks, Inc. is a global provider of microwave transport and backhaul solutions, providing public and private operators with communications infrastructure to serve telecommunications operators and enterprise customers.
ARLO vs AVNW — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $111.5M |
| Net Profit | $5.8M | $5.7M |
| Gross Margin | 46.4% | 32.4% |
| Operating Margin | 3.3% | 6.5% |
| Net Margin | 4.1% | 5.1% |
| Revenue YoY | 16.2% | -5.7% |
| Net Profit YoY | 218.6% | 27.2% |
| EPS (diluted) | $0.06 | $0.44 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $141.3M | $111.5M | ||
| Q3 25 | $139.5M | $107.3M | ||
| Q2 25 | $129.4M | $115.3M | ||
| Q1 25 | $119.1M | $112.6M | ||
| Q4 24 | $121.6M | $118.2M | ||
| Q3 24 | $137.7M | $88.4M | ||
| Q2 24 | $127.4M | $116.7M | ||
| Q1 24 | $124.2M | $110.8M |
| Q4 25 | $5.8M | $5.7M | ||
| Q3 25 | $6.9M | $162.0K | ||
| Q2 25 | $3.1M | $5.2M | ||
| Q1 25 | $-835.0K | $3.5M | ||
| Q4 24 | $-4.9M | $4.5M | ||
| Q3 24 | $-4.4M | $-11.9M | ||
| Q2 24 | $-11.6M | $1.5M | ||
| Q1 24 | $-9.6M | $3.9M |
| Q4 25 | 46.4% | 32.4% | ||
| Q3 25 | 40.5% | 33.2% | ||
| Q2 25 | 44.9% | 34.2% | ||
| Q1 25 | 44.3% | 34.9% | ||
| Q4 24 | 36.9% | 34.6% | ||
| Q3 24 | 35.2% | 22.4% | ||
| Q2 24 | 36.8% | 35.3% | ||
| Q1 24 | 38.1% | 32.5% |
| Q4 25 | 3.3% | 6.5% | ||
| Q3 25 | 0.6% | 4.8% | ||
| Q2 25 | 1.5% | 7.7% | ||
| Q1 25 | -1.2% | 8.3% | ||
| Q4 24 | -5.0% | 6.7% | ||
| Q3 24 | -4.0% | -17.6% | ||
| Q2 24 | -10.0% | 4.7% | ||
| Q1 24 | -8.5% | 5.1% |
| Q4 25 | 4.1% | 5.1% | ||
| Q3 25 | 4.9% | 0.2% | ||
| Q2 25 | 2.4% | 4.5% | ||
| Q1 25 | -0.7% | 3.1% | ||
| Q4 24 | -4.0% | 3.8% | ||
| Q3 24 | -3.2% | -13.4% | ||
| Q2 24 | -9.1% | 1.3% | ||
| Q1 24 | -7.8% | 3.5% |
| Q4 25 | $0.06 | $0.44 | ||
| Q3 25 | $0.06 | $0.01 | ||
| Q2 25 | $0.03 | $0.42 | ||
| Q1 25 | $-0.01 | $0.27 | ||
| Q4 24 | $-0.05 | $0.35 | ||
| Q3 24 | $-0.04 | $-0.94 | ||
| Q2 24 | $-0.12 | $0.11 | ||
| Q1 24 | $-0.10 | $0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $146.4M | $86.5M |
| Total DebtLower is stronger | — | $105.4M |
| Stockholders' EquityBook value | $127.8M | $271.6M |
| Total Assets | $310.5M | $659.4M |
| Debt / EquityLower = less leverage | — | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $146.4M | $86.5M | ||
| Q3 25 | $86.0M | $64.8M | ||
| Q2 25 | $71.2M | $59.7M | ||
| Q1 25 | $84.0M | $49.4M | ||
| Q4 24 | $82.0M | $52.6M | ||
| Q3 24 | $77.0M | $51.0M | ||
| Q2 24 | $62.9M | $64.6M | ||
| Q1 24 | $62.1M | $59.2M |
| Q4 25 | — | $105.4M | ||
| Q3 25 | — | $106.5M | ||
| Q2 25 | — | $87.6M | ||
| Q1 25 | — | $73.9M | ||
| Q4 24 | — | $74.9M | ||
| Q3 24 | — | $83.4M | ||
| Q2 24 | — | $48.4M | ||
| Q1 24 | — | $48.9M |
| Q4 25 | $127.8M | $271.6M | ||
| Q3 25 | $129.2M | $263.6M | ||
| Q2 25 | $118.3M | $263.2M | ||
| Q1 25 | $103.4M | $256.1M | ||
| Q4 24 | $100.9M | $249.6M | ||
| Q3 24 | $96.9M | $247.1M | ||
| Q2 24 | $99.3M | $255.9M | ||
| Q1 24 | $99.9M | $256.0M |
| Q4 25 | $310.5M | $659.4M | ||
| Q3 25 | $350.9M | $643.3M | ||
| Q2 25 | $319.7M | $633.3M | ||
| Q1 25 | $296.6M | $628.3M | ||
| Q4 24 | $298.4M | $594.1M | ||
| Q3 24 | $312.4M | $590.9M | ||
| Q2 24 | $295.8M | $535.2M | ||
| Q1 24 | $289.8M | $490.3M |
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | 0.40× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.19× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $19.8M | $23.9M |
| Free Cash FlowOCF − Capex | — | $22.5M |
| FCF MarginFCF / Revenue | — | 20.2% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | 3.43× | 4.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $16.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | $23.9M | ||
| Q3 25 | $19.2M | $-11.7M | ||
| Q2 25 | $8.8M | $10.5M | ||
| Q1 25 | $30.9M | $1.6M | ||
| Q4 24 | $6.7M | $20.8M | ||
| Q3 24 | $18.4M | $-27.2M | ||
| Q2 24 | $6.5M | $8.3M | ||
| Q1 24 | $19.8M | $15.3M |
| Q4 25 | — | $22.5M | ||
| Q3 25 | — | $-13.5M | ||
| Q2 25 | — | $8.2M | ||
| Q1 25 | $28.1M | $-1.2M | ||
| Q4 24 | $5.6M | $18.3M | ||
| Q3 24 | $17.4M | $-32.6M | ||
| Q2 24 | $6.2M | $7.5M | ||
| Q1 24 | $19.4M | $14.8M |
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | -12.6% | ||
| Q2 25 | — | 7.1% | ||
| Q1 25 | 23.6% | -1.0% | ||
| Q4 24 | 4.6% | 15.5% | ||
| Q3 24 | 12.6% | -36.8% | ||
| Q2 24 | 4.8% | 6.4% | ||
| Q1 24 | 15.7% | 13.4% |
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | 2.4% | 2.5% | ||
| Q4 24 | 0.9% | 2.1% | ||
| Q3 24 | 0.7% | 6.1% | ||
| Q2 24 | 0.2% | 0.7% | ||
| Q1 24 | 0.3% | 0.4% |
| Q4 25 | 3.43× | 4.18× | ||
| Q3 25 | 2.79× | -72.48× | ||
| Q2 25 | 2.83× | 2.02× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 4.62× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.37× | ||
| Q1 24 | — | 3.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARLO
| Subscriptions And Services | $89.4M | 63% |
| Products | $51.9M | 37% |
AVNW
| Products | $81.2M | 73% |
| Services | $30.3M | 27% |
