KVH INDUSTRIES INC \DE\
Business
KVH Industries is a global provider of integrated connectivity solutions for maritime and mobile customers. The company offers satellite and cellular airtime services (LEO and HTS), entertainment and content services, and manufactures or distributes mobile satellite antenna products for two-way communications and TV reception. KVH operates through direct channels and an international dealer and distributor network, serving commercial and leisure maritime markets across the U.S., Europe, Asia-Pacific, Africa, and the Middle East; the company is winding down its Rhode Island manufacturing by end of 2026 and transitioning to third-party hardware distribution.
Summary from 10-K filed 2026-03-10
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 111 | 114 | 132 | 139 | — | |
| Research and development | 3 | 8 | 9 | 10 | 11 | |
| Sales, marketing and support | 20 | 21 | 21 | 23 | 26 | |
| General and administrative | 15 | 17 | 19 | 25 | 29 | |
| Long-lived assets impairment charge | 0 | 1 | 657,000 | 0 | 0 | |
| Total costs and expenses | 122 | 126 | 150 | 144 | 154 | |
| Loss from operations | −11 | −12 | −17 | −6 | −20 | |
| Interest income | 3 | 3 | 4 | 2 | 886,000 | |
| Interest expense | 0 | 2,000 | 1,000 | — | — | |
| Other income (expense), net | 1 | −2 | −1 | 772,000 | 7 | |
| Loss before income tax (benefit) expense | −8 | −11 | −15 | −3 | −12 | |
| Income tax (benefit) expense | −131,000 | 421,000 | 318,000 | 546,000 | −108,000 | |
| Net loss | −7 | −11 | −15 | 24 | −10 | |
| Basic (in dollars per share) | −0.38 | −0.57 | −0.81 | 1.29 | −0.54 | |
| Diluted (in dollars per share) | −0.38 | −0.57 | −0.81 | 1.29 | −0.54 | |
| Basic (in shares) | 19 | 19 | 19 | 19 | 18 | |
| Diluted (in shares) | 19 | 19 | 19 | 19 | 18 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 70 | 51 | 11 | 21 | 11 | |
| Accounts receivable, net of allowance for credit losses of $712 and $1,006 as of December 31, 2025 & December 31, 2024, respectively | 25 | 22 | 26 | 27 | 28 | |
| Inventories | 15 | 23 | 19 | 23 | 16 | |
| Prepaid expenses and other current assets | 8 | 16 | — | — | — | |
| Current assets held for sale | 0 | 11 | 0 | 0 | 16 | |
| Total current assets | 118 | 123 | 119 | 130 | 88 | |
| Property and equipment, net | 22 | 27 | 48 | 53 | 53 | |
| Intangible assets, net | 4 | 828,000 | 1 | 404,000 | 1 | |
| Goodwill | 732,000 | 0 | 0 | 5 | 7 | |
| Right of use assets | 4 | 1 | 1 | 2 | 3 | |
| Other non-current assets | 2 | 3 | 4 | 5 | 7 | |
| Deferred income tax asset | 602,000 | 157,000 | 256,000 | 259,000 | 56,000 | |
| Total assets | 152 | 155 | 173 | 196 | 169 | |
| Accounts payable | 4 | 4 | 5 | 20 | 10 | |
| Accrued airtime | 2 | 745,000 | 6 | 2 | — | |
| Accrued compensation and employee-related expenses | 5 | 5 | 4 | 8 | 6 | |
| Accrued loss on future firm purchase commitments | 0 | 919,000 | 4 | 0 | — | |
| Accrued other | 2 | 2 | 3 | 2 | 7 | |
| Accrued product warranty costs | 644,000 | 607,000 | 828,000 | 1 | 1 | |
| Deferred revenue | 1 | 1 | 2 | 1 | 4 | |
| Current operating lease liability | 547,000 | 660,000 | 786,000 | 2 | 2 | |
| Liability for uncertain tax positions | 793,000 | 724,000 | 673,000 | 637,000 | 592,000 | |
| Total current liabilities | 17 | 16 | 25 | 37 | 34 | |
| Long-term operating lease liability | 4 | 569,000 | 289,000 | 636,000 | 1 | |
| Deferred income tax liability | 5,000 | 15,000 | 1,000 | 55,000 | 215,000 | |
| Total liabilities | 21 | 16 | 25 | 38 | 40 | |
| Commitments and contingencies (Notes 1, 6, 13 and 14) | — | — | — | — | — | |
| Preferred stock, $0.01 par value. Authorized 1,000,000 shares; none issued | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.01 par value. Authorized 30,000,000 shares, 21,294,655 and 21,240,525 shares issued at December 31, 2025 and December 31, 2024, respectively; and 19,511,836 and 19,784,416 shares outstanding at December 31, 2025 and December 31, 2024, respectively | 213,000 | 212,000 | 211,000 | 206,000 | 203,000 | |
| Additional paid-in capital | 169 | 167 | 165 | 160 | 156 | |
| Accumulated deficit | −20 | −13 | −2 | 14 | −12 | |
| Accumulated other comprehensive loss | −4 | −4 | −4 | −4 | −3 | |
| Total stockholders equity before treasury stock adjustment | 145 | 151 | 159 | 170 | 141 | |
| Less: treasury stock at cost, common stock, 1,782,819 and 1,456,109 shares as of December 31, 2025 and December 31, 2024, respectively | −14 | −12 | −12 | −12 | −12 | |
| Total stockholders equity | 131 | 139 | 147 | 158 | 131 | |
| Total liabilities and stockholders equity | 152 | 155 | 173 | 196 | 169 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Provision for credit losses | −45,000 | 217,000 | 64,000 | 221,000 | 530,000 | |
| Depreciation and amortization | 11 | 13 | 13 | 14 | 15 | |
| Impairment charge to goodwill and long-lived assets | 0 | 1 | 6 | 0 | 0 | |
| Deferred income taxes | −455,000 | 113,000 | −51,000 | −363,000 | −186,000 | |
| Stock-based compensation | 2 | 2 | 2 | 3 | 4 | |
| Unrealized currency translation (gain) loss | −101,000 | 188,000 | −179,000 | −399,000 | −112,000 | |
| Accounts receivable | −4 | 4 | 2 | 506,000 | −506,000 | |
| Inventories | 9 | −4 | 4 | −8 | 33,000 | |
| Prepaid expenses and other current assets | 8 | −12 | −1 | −1 | 147,000 | |
| Other non-current assets | 1 | 333,000 | 1 | 2 | 509,000 | |
| Accounts payable | 176,000 | −446,000 | −16 | 11 | −251,000 | |
| Deferred revenue | 42,000 | −728,000 | 377,000 | −452,000 | −665,000 | |
| Accrued compensation, product warranty and other | 453,000 | −8 | 4 | −5 | 945,000 | |
| Net cash provided by (used in) operating activities | 17 | −13 | 3 | 9 | 3 | |
| Capital expenditures | −7 | −7 | −11 | −14 | −19 | |
| Cash paid for acquisition of intangible assets | −34,000 | −74,000 | −1 | −54,000 | −62,000 | |
| Cash paid for business combination | −4 | 0 | — | — | — | |
| Purchases of marketable securities | 0 | −2 | −18 | −56 | −6,000 | |
| Maturities and sales of marketable securities | 0 | 60 | 15 | 13 | 12 | |
| Net cash provided by investing activities | 4 | 52 | −15 | 375,000 | −7 | |
| Proceeds from stock options exercised and employee stock purchase plan | 50,000 | 110,000 | 3 | 972,000 | 3 | |
| Repurchase of treasury stock | −2 | 0 | −239,000 | 0 | 0 | |
| Net cash (used in) provided by financing activities | −2 | 110,000 | 2 | 708,000 | 3 | |
| Effect of exchange rate changes on cash and cash equivalents | 35,000 | −51,000 | 79,000 | −296,000 | −48,000 | |
| Net increase in cash and cash equivalents | 19 | 39 | −10 | 10 | −1 | |
| Settlement of certain receivables for a business combination | 945,000 | 0 | — | — | — | |
| Changes in accrued other and accounts payable related to property and equipment additions | 35,000 | 5,000 | 22,000 | 49,000 | 384,000 | |
| Right of use assets (ROU) assets arising from entering into new operating lease obligations | 4 | 1 | 466,000 | 1 | 407,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is KVH INDUSTRIES INC \DE\'s CIK number?
KVH INDUSTRIES INC \DE\'s SEC CIK number is 0001007587 (1007587). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find KVH INDUSTRIES INC \DE\'s SEC filings?
All of KVH INDUSTRIES INC \DE\'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did KVH INDUSTRIES INC \DE\ last report earnings?
KVH INDUSTRIES INC \DE\ (KVHI) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001007587-26-000012). This is KVH INDUSTRIES INC \DE\'s most recent earnings filing of record — not a forecast of its next earnings date.
What is KVH INDUSTRIES INC \DE\'s most recent earnings 8-K?
KVH INDUSTRIES INC \DE\'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001007587-26-000012. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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