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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and Grindr Inc. (GRND). Click either name above to swap in a different company.
Grindr Inc. is the larger business by last-quarter revenue ($126.0M vs $111.5M, roughly 1.1× AVIAT NETWORKS, INC.). Grindr Inc. runs the higher net margin — 16.1% vs 5.1%, a 11.0% gap on every dollar of revenue. On growth, Grindr Inc. posted the faster year-over-year revenue change (29.0% vs -5.7%). Grindr Inc. produced more free cash flow last quarter ($24.5M vs $22.5M). Over the past eight quarters, Grindr Inc.'s revenue compounded faster (29.3% CAGR vs 0.3%).
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.
Grindr is a location-based social networking and online hookup application for LGBTQ people.
AVNW vs GRND — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $126.0M |
| Net Profit | $5.7M | $20.3M |
| Gross Margin | 32.4% | — |
| Operating Margin | 6.5% | 24.9% |
| Net Margin | 5.1% | 16.1% |
| Revenue YoY | -5.7% | 29.0% |
| Net Profit YoY | 27.2% | 116.4% |
| EPS (diluted) | $0.44 | $0.10 |
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 | $111.5M | $126.0M | ||
| Q3 25 | $107.3M | $115.8M | ||
| Q2 25 | $115.3M | $104.2M | ||
| Q1 25 | $112.6M | $93.9M | ||
| Q4 24 | $118.2M | $97.6M | ||
| Q3 24 | $88.4M | $89.3M | ||
| Q2 24 | $116.7M | $82.3M | ||
| Q1 24 | $110.8M | $75.3M |
| Q4 25 | $5.7M | $20.3M | ||
| Q3 25 | $162.0K | $30.8M | ||
| Q2 25 | $5.2M | $16.6M | ||
| Q1 25 | $3.5M | $27.0M | ||
| Q4 24 | $4.5M | $-123.9M | ||
| Q3 24 | $-11.9M | $24.7M | ||
| Q2 24 | $1.5M | $-22.4M | ||
| Q1 24 | $3.9M | $-9.4M |
| Q4 25 | 32.4% | — | ||
| Q3 25 | 33.2% | — | ||
| Q2 25 | 34.2% | — | ||
| Q1 25 | 34.9% | — | ||
| Q4 24 | 34.6% | — | ||
| Q3 24 | 22.4% | — | ||
| Q2 24 | 35.3% | — | ||
| Q1 24 | 32.5% | — |
| Q4 25 | 6.5% | 24.9% | ||
| Q3 25 | 4.8% | 39.1% | ||
| Q2 25 | 7.7% | 23.4% | ||
| Q1 25 | 8.3% | 27.0% | ||
| Q4 24 | 6.7% | 20.9% | ||
| Q3 24 | -17.6% | 31.8% | ||
| Q2 24 | 4.7% | 29.8% | ||
| Q1 24 | 5.1% | 25.6% |
| Q4 25 | 5.1% | 16.1% | ||
| Q3 25 | 0.2% | 26.6% | ||
| Q2 25 | 4.5% | 16.0% | ||
| Q1 25 | 3.1% | 28.8% | ||
| Q4 24 | 3.8% | -126.9% | ||
| Q3 24 | -13.4% | 27.6% | ||
| Q2 24 | 1.3% | -27.2% | ||
| Q1 24 | 3.5% | -12.5% |
| Q4 25 | $0.44 | $0.10 | ||
| Q3 25 | $0.01 | $0.16 | ||
| Q2 25 | $0.42 | $0.08 | ||
| Q1 25 | $0.27 | $0.09 | ||
| Q4 24 | $0.35 | $-0.65 | ||
| Q3 24 | $-0.94 | $0.09 | ||
| Q2 24 | $0.11 | $-0.13 | ||
| Q1 24 | $0.30 | $-0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $86.5M | $87.0M |
| Total DebtLower is stronger | $105.4M | $395.9M |
| Stockholders' EquityBook value | $271.6M | $47.0M |
| Total Assets | $659.4M | $531.0M |
| Debt / EquityLower = less leverage | 0.39× | 8.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $86.5M | $87.0M | ||
| Q3 25 | $64.8M | $6.3M | ||
| Q2 25 | $59.7M | $120.8M | ||
| Q1 25 | $49.4M | $255.9M | ||
| Q4 24 | $52.6M | $59.2M | ||
| Q3 24 | $51.0M | $39.1M | ||
| Q2 24 | $64.6M | $16.3M | ||
| Q1 24 | $59.2M | $21.5M |
| Q4 25 | $105.4M | $395.9M | ||
| Q3 25 | $106.5M | $279.9M | ||
| Q2 25 | $87.6M | $283.5M | ||
| Q1 25 | $73.9M | $287.0M | ||
| Q4 24 | $74.9M | $290.6M | ||
| Q3 24 | $83.4M | $294.1M | ||
| Q2 24 | $48.4M | $297.7M | ||
| Q1 24 | $48.9M | $315.0M |
| Q4 25 | $271.6M | $47.0M | ||
| Q3 25 | $263.6M | $71.0M | ||
| Q2 25 | $263.2M | $187.7M | ||
| Q1 25 | $256.1M | $319.8M | ||
| Q4 24 | $249.6M | $-131.6M | ||
| Q3 24 | $247.1M | $-13.4M | ||
| Q2 24 | $255.9M | $-41.7M | ||
| Q1 24 | $256.0M | $-22.0M |
| Q4 25 | $659.4M | $531.0M | ||
| Q3 25 | $643.3M | $439.2M | ||
| Q2 25 | $633.3M | $547.6M | ||
| Q1 25 | $628.3M | $679.4M | ||
| Q4 24 | $594.1M | $479.1M | ||
| Q3 24 | $590.9M | $456.3M | ||
| Q2 24 | $535.2M | $435.0M | ||
| Q1 24 | $490.3M | $437.7M |
| Q4 25 | 0.39× | 8.42× | ||
| Q3 25 | 0.40× | 3.94× | ||
| Q2 25 | 0.33× | 1.51× | ||
| Q1 25 | 0.29× | 0.90× | ||
| 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 | $23.9M | $24.8M |
| Free Cash FlowOCF − Capex | $22.5M | $24.5M |
| FCF MarginFCF / Revenue | 20.2% | 19.5% |
| Capex IntensityCapex / Revenue | 1.3% | 0.2% |
| Cash ConversionOCF / Net Profit | 4.18× | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | $140.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | $24.8M | ||
| Q3 25 | $-11.7M | $55.4M | ||
| Q2 25 | $10.5M | $37.5M | ||
| Q1 25 | $1.6M | $23.8M | ||
| Q4 24 | $20.8M | $29.5M | ||
| Q3 24 | $-27.2M | $29.1M | ||
| Q2 24 | $8.3M | $15.8M | ||
| Q1 24 | $15.3M | $20.4M |
| Q4 25 | $22.5M | $24.5M | ||
| Q3 25 | $-13.5M | $55.2M | ||
| Q2 25 | $8.2M | $37.3M | ||
| Q1 25 | $-1.2M | $23.7M | ||
| Q4 24 | $18.3M | $29.3M | ||
| Q3 24 | $-32.6M | $28.8M | ||
| Q2 24 | $7.5M | $15.7M | ||
| Q1 24 | $14.8M | $20.3M |
| Q4 25 | 20.2% | 19.5% | ||
| Q3 25 | -12.6% | 47.7% | ||
| Q2 25 | 7.1% | 35.8% | ||
| Q1 25 | -1.0% | 25.2% | ||
| Q4 24 | 15.5% | 30.0% | ||
| Q3 24 | -36.8% | 32.2% | ||
| Q2 24 | 6.4% | 19.0% | ||
| Q1 24 | 13.4% | 26.9% |
| Q4 25 | 1.3% | 0.2% | ||
| Q3 25 | 1.6% | 0.2% | ||
| Q2 25 | 2.0% | 0.2% | ||
| Q1 25 | 2.5% | 0.1% | ||
| Q4 24 | 2.1% | 0.3% | ||
| Q3 24 | 6.1% | 0.4% | ||
| Q2 24 | 0.7% | 0.2% | ||
| Q1 24 | 0.4% | 0.3% |
| Q4 25 | 4.18× | 1.22× | ||
| Q3 25 | -72.48× | 1.80× | ||
| Q2 25 | 2.02× | 2.25× | ||
| Q1 25 | 0.46× | 0.88× | ||
| Q4 24 | 4.62× | — | ||
| Q3 24 | — | 1.18× | ||
| 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
AVNW
| Products | $81.2M | 73% |
| Services | $30.3M | 27% |
GRND
| License And Service | $102.9M | 82% |
| Advertising | $23.1M | 18% |
