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MARKETS / NASDAQ / KVHI
NASDAQ · COMMUNICATIONS SERVICES, NEC · MID CAP

KVH Industries Inc. \de\ KVHI

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$111.0M
▼ 2.5% YoY
$-7.4M
$9.8M
In brief

What this company does

KVH Industries provides global high-speed Internet and Voice over Internet Protocol services via satellite and integrated 5G/LTE cellular communications to mobile users at sea and on land. It also distributes commercially licensed entertainment, including movies, television programming, news, and music, to commercial customers in the maritime market, along with supplemental value-added network and bandwidth management, cybersecurity, email, and crew Internet services. The company manufactures its products in Middletown, Rhode Island, and generates revenues in the United States and various international locations, including primarily Singapore, Canada, South American countries, European Union countries and other European countries, and countries in Africa, the Middle East and Asia/Pacific, including India. As of December 31, 2025, the company had 300 team members, including full-time employees, part-time employees and long-term contractors. Sales of its low-earth-orbit and global high-throughput satellite airtime service accounted for 82% and 80% of the company's consolidated net sales for 2025 and 2024, respectively, sales of content services accounted for 4% and 3% for those years, and product sales accounted for 11% and 15% for those years. KVH is a Delaware corporation formed in 1985.

Written from the business description in KVH INDUSTRIES INC \DE\'s annual report to the U.S. Securities and Exchange Commission, filed 10 March 2026. Every sentence was checked against that document before publication.

Growth
USD 111.0M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 111.0 · Net income -7.4
80M160M-8M-16M200920112013201520172019202120232025
Compound annual growth
−7.2%
−6.9%
−5.0%
−0.1%
+34.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −6.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−7 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -10.1% · Net -6.7%
50%100%-5%-10%200920112013201520172019202120232025
ROE
FY2025 · ROE -5.5%
10%20%-5%-10%-15%200920112013201520172019202120232025

Each USD of equity lost 5 cents this year.

Cash & shareholders
USD 1.7M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 9.8
5M10M-10M-20M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 1.7
2M2009201120132020202220242025

USD 1.7M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 151.5M
EquityUSD 131.0M
CashUSD 69.9M
Current ratio7.07×

Equity funds 86% of total assets.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.10.10.10.10.10.20.20.20.20.20.20.20.00.00.10.10.1
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.00.00.00.0−0.00.0−0.0
EBITDA $B−0.00.0−0.00.0−0.0−0.0−0.00.00.00.00.00.00.00.00.00.00.0
Income tax $B−0.00.00.00.0−0.00.0−0.00.00.00.00.00.00.00.0−0.0−0.0−0.0
Net income $B−0.0−0.0−0.00.0−0.0−0.00.0−0.0−0.0−0.00.00.00.00.00.00.0−0.0
Free cash flow $B0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.00.00.00.00.0−0.0−0.0−0.0
EPS, diluted $−0.38−0.57−0.811.29−0.54−1.241.90−0.48−0.67−0.470.140.000.300.240.060.56−0.01
Dividend / sh $·················
Payout %·················
ROE %−5.5−7.7−10.116.6−7.4−15.626.7−8.0−10.4−6.71.90.04.13.50.99.3−0.2
Shares out B0.020.020.020.020.020.020.020.020.020.020.020.020.020.010.010.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 65 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 21 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityCommunications Services, NEC
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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