KVH Industries financials
$7.25−1.09%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $111.0M | $113.8M | $132.4M | $138.8M | $133.9M | $158.7M | $157.9M | $153.0M | $160.1M | $176.1M |
| Gross profit | $28.0M | $35.2M | $37.9M | $52.5M | $45.8M | $57.6M | $53.8M | $58.1M | $69.9M | $76.8M |
| Gross margin | 25.2% | 30.9% | 28.6% | 37.8% | 34.2% | 36.3% | 34.0% | 38.0% | 43.7% | 43.6% |
| Operating income | -$11.2M | -$11.9M | -$17.3M | -$5.7M | -$19.6M | -$22.9M | -$21.1M | -$10.6M | -$8.8M | -$1.3M |
| Net income | -$7.4M | -$11.0M | -$15.4M | $24.0M | -$9.8M | -$21.9M | $33.3M | -$8.2M | -$11.0M | -$7.5M |
| Net margin | −6.7% | −9.7% | −11.6% | 17.3% | −7.3% | −13.8% | 21.1% | −5.4% | −6.9% | −4.3% |
| Diluted EPS | $-0.38 | $-0.57 | $-0.81 | $1.29 | $-0.54 | $-1.24 | $1.90 | $-0.48 | $-0.67 | $-0.47 |
| EBITDA | -$475.0K | $2.6M | $2.1M | $8.3M | -$5.0M | -$784.0K | -$9.6M | $2.2M | $2.3M | $11.2M |
| Operating cash flow | $17.1M | -$13.2M | $2.5M | $8.9M | $2.9M | -$3.1M | -$14.2M | $5.2M | $11.5M | $18.7M |
| Free cash flow | $9.8M | -$20.6M | -$8.1M | -$5.5M | -$15.8M | -$17.1M | -$26.7M | -$10.7M | -$1.3M | $13.1M |
| Diluted shares | 19.4M | 19.4M | 19.1M | 18.6M | 18.2M | 17.7M | 17.5M | 17.1M | 16.4M | 15.8M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $69.9M | $50.6M | $11.3M | $21.1M | $11.4M | $12.6M |
| Short-term investments | $0.00 | $0.00 | $58.5M | $55.7M | $13.1M | $25.1M |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.9M |
| Total assets | $151.5M | $155.1M | $172.6M | $196.3M | $168.8M | $183.6M |
| Total liabilities | $20.5M | $16.5M | $25.3M | $37.8M | $39.8M | $51.7M |
| Shareholders' equity | $131.0M | $138.6M | $147.4M | $158.4M | $129.0M | $131.9M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology