vs
Side-by-side financial comparison of CIENA CORP (CIEN) and DNA X, Inc. (SONM). Click either name above to swap in a different company.
CIENA CORP is the larger business by last-quarter revenue ($1.2B vs $16.2M, roughly 75.2× DNA X, Inc.). CIENA CORP runs the higher net margin — 4.1% vs -29.3%, a 33.4% gap on every dollar of revenue. Over the past eight quarters, DNA X, Inc.'s revenue compounded faster (9.9% CAGR vs 3.9%).
Ciena Corporation is an American optical networking systems and software company based in Hanover, Maryland. The company has been described as a vital player in optical connectivity. The company reported revenues of $4.8 billion and more than 9,000 employees, as of November 2025. Gary Smith serves as president and chief executive officer (CEO).
CIEN vs SONM — Head-to-Head
Income Statement — Q4 2025 vs Q3 2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $16.2M |
| Net Profit | $50.3M | $-4.8M |
| Gross Margin | 41.3% | 11.2% |
| Operating Margin | 6.0% | -24.5% |
| Net Margin | 4.1% | -29.3% |
| Revenue YoY | — | 7.9% |
| Net Profit YoY | — | -89.2% |
| EPS (diluted) | $0.35 | $-4.83 |
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.
| Q3 25 | $1.2B | $16.2M | ||
| Q2 25 | $1.1B | $11.2M | ||
| Q1 25 | $1.1B | $16.7M | ||
| Q4 24 | $1.1B | $15.3M | ||
| Q3 24 | $942.3M | $15.0M | ||
| Q2 24 | $910.8M | $11.5M | ||
| Q1 24 | $1.0B | $9.1M | ||
| Q4 23 | $1.1B | $13.4M |
| Q3 25 | $50.3M | $-4.8M | ||
| Q2 25 | $9.0M | $-7.5M | ||
| Q1 25 | $44.6M | $458.0K | ||
| Q4 24 | $37.0M | $-21.6M | ||
| Q3 24 | $14.2M | $-2.5M | ||
| Q2 24 | $-16.8M | $-6.6M | ||
| Q1 24 | $49.5M | $-2.9M | ||
| Q4 23 | $91.2M | $-1.4M |
| Q3 25 | 41.3% | 11.2% | ||
| Q2 25 | 40.2% | 7.6% | ||
| Q1 25 | 44.0% | 50.0% | ||
| Q4 24 | 40.9% | -1.2% | ||
| Q3 24 | 42.9% | 28.2% | ||
| Q2 24 | 42.7% | 25.8% | ||
| Q1 24 | 45.0% | 31.8% | ||
| Q4 23 | 43.1% | 38.1% |
| Q3 25 | 6.0% | -24.5% | ||
| Q2 25 | 2.9% | -60.2% | ||
| Q1 25 | 7.5% | 3.9% | ||
| Q4 24 | 5.3% | 55.3% | ||
| Q3 24 | 2.8% | -15.8% | ||
| Q2 24 | -0.4% | -56.2% | ||
| Q1 24 | 8.2% | -29.5% | ||
| Q4 23 | 8.1% | -9.3% |
| Q3 25 | 4.1% | -29.3% | ||
| Q2 25 | 0.8% | -66.8% | ||
| Q1 25 | 4.2% | 2.7% | ||
| Q4 24 | 3.3% | -141.6% | ||
| Q3 24 | 1.5% | -16.7% | ||
| Q2 24 | -1.8% | -57.5% | ||
| Q1 24 | 4.8% | -31.9% | ||
| Q4 23 | 8.1% | -10.1% |
| Q3 25 | $0.35 | $-4.83 | ||
| Q2 25 | $0.06 | $-0.79 | ||
| Q1 25 | $0.31 | $0.08 | ||
| Q4 24 | $0.26 | $-116.99 | ||
| Q3 24 | $0.10 | $-9.32 | ||
| Q2 24 | $-0.12 | $-1.41 | ||
| Q1 24 | $0.34 | $-0.65 | ||
| Q4 23 | $0.62 | $-0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $2.1M |
| Total DebtLower is stronger | — | $5.1M |
| Stockholders' EquityBook value | $2.8B | $-701.0K |
| Total Assets | $5.7B | $40.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $1.3B | $2.1M | ||
| Q2 25 | $1.3B | $2.0M | ||
| Q1 25 | $1.2B | $2.1M | ||
| Q4 24 | $1.3B | $5.3M | ||
| Q3 24 | $1.1B | $9.1M | ||
| Q2 24 | $1.3B | $9.6M | ||
| Q1 24 | $1.4B | $9.3M | ||
| Q4 23 | $1.1B | $9.4M |
| Q3 25 | — | $5.1M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $2.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q3 25 | $2.8B | $-701.0K | ||
| Q2 25 | $2.8B | $-1.3M | ||
| Q1 25 | $2.8B | $-1.1M | ||
| Q4 24 | $2.8B | $-5.7M | ||
| Q3 24 | $2.9B | $15.3M | ||
| Q2 24 | $2.9B | $17.5M | ||
| Q1 24 | $2.9B | $19.8M | ||
| Q4 23 | $2.8B | $22.4M |
| Q3 25 | $5.7B | $40.2M | ||
| Q2 25 | $5.7B | $36.1M | ||
| Q1 25 | $5.6B | $36.0M | ||
| Q4 24 | $5.6B | $39.7M | ||
| Q3 24 | $5.6B | $49.1M | ||
| Q2 24 | $5.6B | $45.9M | ||
| Q1 24 | $5.6B | $42.4M | ||
| Q4 23 | $5.6B | $56.0M |
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 | $174.3M | $-7.0M |
| Free Cash FlowOCF − Capex | $134.6M | — |
| FCF MarginFCF / Revenue | 11.0% | — |
| Capex IntensityCapex / Revenue | 3.3% | — |
| Cash ConversionOCF / Net Profit | 3.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $605.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $174.3M | $-7.0M | ||
| Q2 25 | $156.9M | $-4.9M | ||
| Q1 25 | $103.7M | $-9.6M | ||
| Q4 24 | $349.4M | $-4.5M | ||
| Q3 24 | $-159.4M | $-417.0K | ||
| Q2 24 | $58.5M | $-3.4M | ||
| Q1 24 | $266.1M | $-168.0K | ||
| Q4 23 | $195.5M | $-351.0K |
| Q3 25 | $134.6M | — | ||
| Q2 25 | $128.2M | — | ||
| Q1 25 | $76.8M | — | ||
| Q4 24 | $265.8M | $-4.5M | ||
| Q3 24 | $-179.0M | $-554.0K | ||
| Q2 24 | $41.6M | $-3.4M | ||
| Q1 24 | $249.5M | $-198.0K | ||
| Q4 23 | $172.7M | — |
| Q3 25 | 11.0% | — | ||
| Q2 25 | 11.4% | — | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 23.6% | -29.6% | ||
| Q3 24 | -19.0% | -3.7% | ||
| Q2 24 | 4.6% | -29.8% | ||
| Q1 24 | 24.0% | -2.2% | ||
| Q4 23 | 15.3% | — |
| Q3 25 | 3.3% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 7.4% | 0.1% | ||
| Q3 24 | 2.1% | 0.9% | ||
| Q2 24 | 1.9% | 0.3% | ||
| Q1 24 | 1.6% | 0.3% | ||
| Q4 23 | 2.0% | — |
| Q3 25 | 3.47× | — | ||
| Q2 25 | 17.50× | — | ||
| Q1 25 | 2.33× | -20.97× | ||
| Q4 24 | 9.44× | — | ||
| Q3 24 | -11.20× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 5.37× | — | ||
| Q4 23 | 2.14× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CIEN
| Optical Networking | $815.5M | 67% |
| Routing And Switching | $125.9M | 10% |
| Platform Softwareand Services Segment | $90.0M | 7% |
| Maintenance Support And Training | $80.7M | 7% |
| Installation And Deployment | $65.9M | 5% |
| Blue Planet Automation Softwareand Services Segment | $27.8M | 2% |
| Consulting And Network Design | $13.6M | 1% |
SONM
Segment breakdown not available.
