KVH INDUSTRIES INC \DE\ Segments Disclosure
| Year Ended December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Sales: | |||||||||||
| Service | $ | 98,407 | $ | 96,446 | |||||||
| Product | 12,602 | 17,382 | |||||||||
| Net Sales | 111,009 | 113,828 | |||||||||
| Cost of service sales | |||||||||||
| VSAT airtime | 40,977 | 52,980 | |||||||||
| LEO airtime | 18,919 | 4,883 | |||||||||
| Other (1) | 3,816 | 2,139 | |||||||||
| 63,712 | 60,002 | ||||||||||
| Cost of product sales | |||||||||||
| VSAT | 1,781 | 2,565 | |||||||||
| LEO | 5,147 | 6,120 | |||||||||
TracVision & land mobile | 1,866 | 3,301 | |||||||||
| Other (2) | 10,481 | 6,621 | |||||||||
| 19,275 | 18,607 | ||||||||||
| Research and development | |||||||||||
| Personnel costs | 2,832 | 7,109 | |||||||||
| Professional fees | 123 | 191 | |||||||||
| Other (3) | 502 | 1,139 | |||||||||
| 3,457 | 8,439 | ||||||||||
| Sales, marketing and support | |||||||||||
| Personnel costs | 14,447 | 14,400 | |||||||||
| Professional fees | 1,247 | 852 | |||||||||
| Other (4) | 4,754 | 5,761 | |||||||||
| 20,448 | 21,013 | ||||||||||
| General and administrative | |||||||||||
| Personnel costs | 8,540 | 9,448 | |||||||||
| Professional fees | 2,426 | 2,475 | |||||||||
| Other (5) | 4,322 | 4,590 | |||||||||
| 15,288 | 16,513 | ||||||||||
| Goodwill impairment charge | — | — | |||||||||
| Long-lived asset impairment charge | — | 1,137 | |||||||||
| Other segment items (6) | (3,788) | (835) | |||||||||
| Net loss | $ | (7,383) | $ | (11,048) | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 10, 2026 | Showing above |
| 2024 | Mar 10, 2025 | |
| 2022 | Mar 16, 2023 | |
| 2021 | Mar 11, 2022 | |
| 2020 | Mar 3, 2021 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.