KVH Industries Inc \de\ (KVHI) Financial Statements
Industry: Communications Services (Other)
In fiscal 2025, KVH Industries Inc \de\ reported revenue of $111.0M, down 2.5% from $113.8M the year before. Net income was -$7.4M (a -6.7% net margin), or -$0.38 per diluted share. Gross margin was -10.1% and operating margin was -10.1%. Operating activities generated $17.1M of cash, leaving $9.8M of free cash flow. At fiscal year end, KVH Industries Inc \de\ held $151.5M in total assets against $20.5M in total liabilities, including $69.9M of cash and equivalents.
Open the full interactive KVH Industries Inc \de\ financials → Quarterly statements, key ratios, valuation history and price charts.
KVH Industries Inc \de\ Key Stats
| Share Price | $6.33 |
|---|---|
| Market Cap | $124.5M |
| Revenue YoY Growth | -2.5% |
| 52-Week Range | $5.26 – $11.69 |
| Shares Outstanding | 19.4 million (basic, 2026 Q2) |
KVH Industries Inc \de\ Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $158.7M | $171.8M | $138.9M | $132.4M | $113.8M | $111.0M |
| Cost of Goods Sold | $181.7M | $189.7M | $144.5M | $149.7M | $125.7M | $122.2M |
| Gross Profit | -$22.9M | -$17.9M | -$5.7M | -$17.3M | -$11.9M | -$11.2M |
| Operating Income | -$22.9M | -$17.9M | -$5.7M | -$17.3M | -$11.9M | -$11.2M |
| Pre-Tax Income | -$21.8M | -$9.9M | -$3.4M | -$15.1M | -$10.6M | -$7.5M |
| Income Tax | $174,000 | -$108,000 | $546,000 | $318,000 | $421,000 | -$131,000 |
| Net Income | -$21.9M | -$9.8M | $24.1M | -$15.4M | -$11.0M | -$7.4M |
| Diluted EPS | -$0.65 | -$0.54 | $1.29 | -$0.81 | -$0.57 | -$0.38 |
KVH Industries Inc \de\ Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $28.5M | $30.5M | $32.3M | $33.7M |
| Net Income | -$6.9M | $331,000 | $588,000 | $163,000 |
| Diluted EPS | -$0.36 | $0.02 | $0.03 | $0.01 |
KVH Industries Inc \de\ Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $12.6M | $11.4M | $21.1M | $11.3M | $50.6M | $69.9M |
| Current Assets | $101.1M | $87.8M | $131.2M | $118.8M | $122.6M | $117.8M |
| Total Assets | $183.6M | $168.8M | $200.5M | $172.6M | $155.1M | $151.5M |
| Current Liabilities | $40.8M | $33.9M | $38.9M | $25.0M | $15.9M | $16.7M |
| Total Long-Term Debt | $6.9M | — | — | — | — | — |
| Total Liabilities | $51.7M | $39.8M | $43.9M | $25.3M | $16.5M | $20.5M |
| Shareholders' Equity | $131.9M | $129.0M | $156.7M | $147.4M | $138.6M | $131.0M |
KVH Industries Inc \de\ Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$3.1M | $2.9M | $8.9M | $2.5M | -$13.2M | $17.1M |
| Cash From Investing | -$9.3M | -$6.7M | $375,000 | -$14.7M | $52.4M | $3.9M |
| Cash From Financing | $7.1M | $2.6M | $708,000 | $2.3M | $110,000 | -$1.7M |
| Free Cash Flow | -$17.1M | -$15.8M | -$5.5M | -$8.1M | -$20.6M | $9.8M |
Figures from KVH Industries Inc \de\'s 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full KVH Industries Inc \de\ financials page for every line item.
KVH Industries Inc \de\ Company Profile
| Ticker | KVHI |
|---|---|
| Exchange | Nasdaq |
| Industry | Communications Services (Other) |
| Headquarters | Bristol, Rhode Island |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001007587 |
Frequently Asked Questions
What was KVH Industries Inc \de\'s revenue in fiscal 2025?
KVH Industries Inc \de\ (KVHI) reported revenue of $111.0M for fiscal 2025.
What is KVH Industries Inc \de\'s annual revenue history?
KVH Industries Inc \de\'s annual revenue by fiscal year: 2020: $158.7M; 2021: $171.8M; 2022: $138.9M; 2023: $132.4M; 2024: $113.8M; 2025: $111.0M.
What was KVH Industries Inc \de\'s net income in fiscal 2025?
KVH Industries Inc \de\ reported net income of -$7.4M for fiscal 2025.
What was KVH Industries Inc \de\'s earnings per share (EPS) in fiscal 2025?
KVH Industries Inc \de\'s diluted EPS was -$0.38 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did KVH Industries Inc \de\ generate in fiscal 2025?
KVH Industries Inc \de\ generated $9.8M of free cash flow in fiscal 2025.
What was KVH Industries Inc \de\'s revenue last quarter?
In its most recent reported quarter (2026 Q2), KVH Industries Inc \de\ reported revenue of $33.7M.
How many shares of KVH Industries Inc \de\ are outstanding?
KVH Industries Inc \de\ reported a weighted average of 19.4 million basic shares outstanding in 2026 Q2.
What is KVH Industries Inc \de\'s market cap?
Based on its latest closing price, KVH Industries Inc \de\ (KVHI) has a market capitalization of about $124.5M.
When does KVH Industries Inc \de\'s fiscal year end?
KVH Industries Inc \de\'s fiscal year end, as registered with the SEC, is December 31.
Where is KVH Industries Inc \de\ headquartered?
KVH Industries Inc \de\ lists its business address in Bristol, Rhode Island in its SEC filings.