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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and LIVEPERSON INC (LPSN). Click either name above to swap in a different company.
AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $59.3M, roughly 1.9× LIVEPERSON INC). AVIAT NETWORKS, INC. runs the higher net margin — 5.1% vs -77.8%, a 82.9% gap on every dollar of revenue. On growth, AVIAT NETWORKS, INC. posted the faster year-over-year revenue change (-5.7% vs -19.0%). AVIAT NETWORKS, INC. produced more free cash flow last quarter ($22.5M vs $-12.0M). Over the past eight quarters, AVIAT NETWORKS, INC.'s revenue compounded faster (0.3% CAGR vs -16.6%).
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.
LivePerson is a global technology company that develops conversational commerce and AI software.
AVNW vs LPSN — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $59.3M |
| Net Profit | $5.7M | $-46.1M |
| Gross Margin | 32.4% | 73.2% |
| Operating Margin | 6.5% | -68.7% |
| Net Margin | 5.1% | -77.8% |
| Revenue YoY | -5.7% | -19.0% |
| Net Profit YoY | 27.2% | 58.9% |
| EPS (diluted) | $0.44 | $-9.22 |
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 | $59.3M | ||
| Q3 25 | $107.3M | $60.2M | ||
| Q2 25 | $115.3M | $59.6M | ||
| Q1 25 | $112.6M | $64.7M | ||
| Q4 24 | $118.2M | $73.2M | ||
| Q3 24 | $88.4M | $74.2M | ||
| Q2 24 | $116.7M | $79.9M | ||
| Q1 24 | $110.8M | $85.1M |
| Q4 25 | $5.7M | $-46.1M | ||
| Q3 25 | $162.0K | $8.7M | ||
| Q2 25 | $5.2M | $-15.7M | ||
| Q1 25 | $3.5M | $-14.1M | ||
| Q4 24 | $4.5M | $-112.1M | ||
| Q3 24 | $-11.9M | $-28.3M | ||
| Q2 24 | $1.5M | $41.8M | ||
| Q1 24 | $3.9M | $-35.6M |
| Q4 25 | 32.4% | 73.2% | ||
| Q3 25 | 33.2% | 71.4% | ||
| Q2 25 | 34.2% | 69.7% | ||
| Q1 25 | 34.9% | 71.8% | ||
| Q4 24 | 34.6% | 77.4% | ||
| Q3 24 | 22.4% | 73.1% | ||
| Q2 24 | 35.3% | 79.4% | ||
| Q1 24 | 32.5% | 71.3% |
| Q4 25 | 6.5% | -68.7% | ||
| Q3 25 | 4.8% | -24.2% | ||
| Q2 25 | 7.7% | -10.8% | ||
| Q1 25 | 8.3% | -26.2% | ||
| Q4 24 | 6.7% | -138.0% | ||
| Q3 24 | -17.6% | -21.6% | ||
| Q2 24 | 4.7% | -37.3% | ||
| Q1 24 | 5.1% | -42.7% |
| Q4 25 | 5.1% | -77.8% | ||
| Q3 25 | 0.2% | 14.5% | ||
| Q2 25 | 4.5% | -26.4% | ||
| Q1 25 | 3.1% | -21.8% | ||
| Q4 24 | 3.8% | -153.2% | ||
| Q3 24 | -13.4% | -38.1% | ||
| Q2 24 | 1.3% | 52.3% | ||
| Q1 24 | 3.5% | -41.8% |
| Q4 25 | $0.44 | $-9.22 | ||
| Q3 25 | $0.01 | $-2.76 | ||
| Q2 25 | $0.42 | $-0.17 | ||
| Q1 25 | $0.27 | $-0.24 | ||
| Q4 24 | $0.35 | $-17.23 | ||
| Q3 24 | $-0.94 | $-4.74 | ||
| Q2 24 | $0.11 | $-0.33 | ||
| Q1 24 | $0.30 | $-0.40 |
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 | $95.0M |
| Total DebtLower is stronger | $105.4M | — |
| Stockholders' EquityBook value | $271.6M | $-44.5M |
| Total Assets | $659.4M | $454.7M |
| Debt / EquityLower = less leverage | 0.39× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $86.5M | $95.0M | ||
| Q3 25 | $64.8M | $106.7M | ||
| Q2 25 | $59.7M | $162.0M | ||
| Q1 25 | $49.4M | $176.3M | ||
| Q4 24 | $52.6M | $183.2M | ||
| Q3 24 | $51.0M | $142.1M | ||
| Q2 24 | $64.6M | $146.0M | ||
| Q1 24 | $59.2M | $127.1M |
| 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 | $512.1M |
| Q4 25 | $271.6M | $-44.5M | ||
| Q3 25 | $263.6M | $-22.1M | ||
| Q2 25 | $263.2M | $-82.4M | ||
| Q1 25 | $256.1M | $-74.9M | ||
| Q4 24 | $249.6M | $-67.3M | ||
| Q3 24 | $247.1M | $45.9M | ||
| Q2 24 | $255.9M | $66.6M | ||
| Q1 24 | $256.0M | $19.2M |
| Q4 25 | $659.4M | $454.7M | ||
| Q3 25 | $643.3M | $511.4M | ||
| Q2 25 | $633.3M | $604.2M | ||
| Q1 25 | $628.3M | $596.2M | ||
| Q4 24 | $594.1M | $607.8M | ||
| Q3 24 | $590.9M | $692.0M | ||
| Q2 24 | $535.2M | $703.8M | ||
| Q1 24 | $490.3M | $724.7M |
| 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× | 26.69× |
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 | $-9.7M |
| Free Cash FlowOCF − Capex | $22.5M | $-12.0M |
| FCF MarginFCF / Revenue | 20.2% | -20.2% |
| Capex IntensityCapex / Revenue | 1.3% | 3.9% |
| Cash ConversionOCF / Net Profit | 4.18× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | $-42.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | $-9.7M | ||
| Q3 25 | $-11.7M | $-6.0M | ||
| Q2 25 | $10.5M | $-11.7M | ||
| Q1 25 | $1.6M | $-3.1M | ||
| Q4 24 | $20.8M | $-3.1M | ||
| Q3 24 | $-27.2M | $4.8M | ||
| Q2 24 | $8.3M | $-17.9M | ||
| Q1 24 | $15.3M | $1.1M |
| Q4 25 | $22.5M | $-12.0M | ||
| Q3 25 | $-13.5M | $-8.9M | ||
| Q2 25 | $8.2M | $-14.8M | ||
| Q1 25 | $-1.2M | $-6.9M | ||
| Q4 24 | $18.3M | $-6.8M | ||
| Q3 24 | $-32.6M | $-230.0K | ||
| Q2 24 | $7.5M | $-22.9M | ||
| Q1 24 | $14.8M | $-10.4M |
| Q4 25 | 20.2% | -20.2% | ||
| Q3 25 | -12.6% | -14.8% | ||
| Q2 25 | 7.1% | -24.9% | ||
| Q1 25 | -1.0% | -10.6% | ||
| Q4 24 | 15.5% | -9.2% | ||
| Q3 24 | -36.8% | -0.3% | ||
| Q2 24 | 6.4% | -28.7% | ||
| Q1 24 | 13.4% | -12.2% |
| Q4 25 | 1.3% | 3.9% | ||
| Q3 25 | 1.6% | 4.8% | ||
| Q2 25 | 2.0% | 5.3% | ||
| Q1 25 | 2.5% | 5.8% | ||
| Q4 24 | 2.1% | 5.0% | ||
| Q3 24 | 6.1% | 6.8% | ||
| Q2 24 | 0.7% | 6.2% | ||
| Q1 24 | 0.4% | 13.5% |
| Q4 25 | 4.18× | — | ||
| Q3 25 | -72.48× | -0.69× | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 4.62× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.37× | -0.43× | ||
| 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% |
LPSN
| Hosted Services Business | $51.0M | 86% |
| Professional Services | $8.3M | 14% |
