KVH INDUSTRIES INC \DE\
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $111.0M | $113.8M | $132.4M | $138.8M | $133.9M |
| Research and development | $3.5M | $8.4M | $9.4M | $10.4M | $11.1M |
| Operating income | -$11.2M | -$11.9M | -$17.3M | -$5.7M | -$19.6M |
| Interest expense | $0 | $2,000 | $1,000 | $3,000 | $56,000 |
| Pretax income | -$7.5M | -$10.6M | -$15.1M | -$3.4M | -$11.7M |
| Income tax expense | -$131,000 | $421,000 | $318,000 | $546,000 | -$108,000 |
| Net income | -$7.4M | -$11.0M | -$15.4M | $24.0M | -$9.8M |
| Balance Sheet | |||||
| Cash and equivalents | $69.9M | $50.6M | $11.3M | $21.1M | $11.4M |
| Current assets | $117.8M | $122.6M | $118.8M | $130.0M | $87.8M |
| Total assets | $151.5M | $155.1M | $172.6M | $196.3M | $168.8M |
| Current liabilities | $16.7M | $15.9M | $25.0M | $37.1M | $33.9M |
| Total liabilities | $20.5M | $16.5M | $25.3M | $37.8M | $39.8M |
| Stockholders' equity | $131.0M | $138.6M | $147.4M | $158.4M | $130.8M |
| Cash Flow Statement | |||||
| Cash from operations | $17.1M | -$13.2M | $2.5M | $8.9M | $2.9M |
| Depreciation and amortization | $10.7M | $13.3M | $13.4M | $14.0M | $14.6M |
| Stock-based compensation | $1.6M | $2.0M | $2.1M | $3.4M | $4.1M |
| Capital expenditure | $7.4M | $7.4M | $10.6M | $14.4M | $18.7M |
| Free cash flow | $9.8M | -$20.6M | -$8.1M | -$5.5M | -$15.8M |
| Share repurchases | $1.7M | $0 | $239,000 | $0 | $0 |
| Impairments | — | $0 | $5.3M | $0 | $0 |
Shares outstanding 19.5M · Free float 32.0%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.