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KVH Industries, Inc.(KVHI)Earnings, Financials & Key Ratios
KVHI•NASDAQ
$8.88
Price updated Jul 7, 2026
AboutKVH Industries, Inc. designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company operates through Mobile Connectivity and Inertial Navigation segments. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard TracPhone terminals and hub equipment; data management software; and Iridium OpenPort hardware products and services. It also offers airtime plans that enable customers to obtain Internet and voice services; and value-added, and news and radio content services to retail customers. In addition, the company provides navigation, guidance, and stabilization products for the commercial and defense markets comprising precision fiber optic gyro-based systems; tactical navigation systems for tactical trucks and light armored vehicles; and commercial products, such as navigation and positioning systems for various applications consisting of precision mapping, dynamic surveying, autonomous vehicles, train location control and track geometry measurement systems, industrial robotics, and optical stabilization applications. Further, it offers content, maritime news, sporting content, and television programming delivery services; movie distribution services; and services and support for the mini-VSAT Broadband solution, as well as IoT connectivity as a service. The company sells its mobile communications products through a network of independent retailers, chain stores, distributors, and service providers, as well as to manufacturers of vessels, maritime equipment, and vehicles; and navigation products directly to the United States and foreign governments, and government contractors, as well as through authorized independent sales representatives. It also sells and leases its products directly to end users. KVH Industries, Inc. was founded in 1978 and is headquartered in Middletown, Rhode IslandShow more
- Revenue$111M-2.5%
- EBITDA-$475K-133.6%
- Net Income-$7M+33.2%
- EPS (Diluted)-0.38+33.3%
- Gross Margin24.78%-19.9%
- EBITDA Margin-0.43%-134.4%
- Operating Margin-10.06%+3.6%
- Net Margin-6.65%+31.5%
- ROE-5.48%+29.1%
KVHI Price & Volume
KVH Industries, Inc. (KVHI) stock price & volume — 10-year historical chart
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Maritime Pivot Faces Intense LEO Competitive Pressure
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Negative
Financial:Healthy
Cash Flow:Burning
Primary Risk:LEO Satellite Competitive Disruption
Key Thesis Takeaways
- KVH Industries is currently navigating a challenging transition toward a pure-play maritime connectivity model, evidenced by a recent 27.2% year-over-year revenue growth in 2026Q1.
- While the company maintains a robust liquidity position with $59.2 million in cash, persistent operating losses and high margin volatility suggest that the business model remains vulnerable to LEO satellite disruption.
- Investors should monitor whether the company can achieve sustainable operating leverage, as historical net losses in seven of the last ten quarters underscore significant execution risks.
Verdict Logic
while the $59.2 million cash buffer provides stability, the company's inability to consistently translate revenue into positive free cash flow, evidenced by a -33.6% FCF margin in 2026Q1, warrants a cautious wait-and-see approach.
KVHI Growth Metrics
KVH Industries, Inc. (KVHI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-4.96%
5 Years-6.9%
3 Years-7.17%
TTM7.22%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM47%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM46.09%
Return on Capital
10 Years-8.67%
5 Years-9.15%
3 Years-9.25%
Last Year-8.15%
KVHI Recent Earnings
KVH Industries, Inc. (KVHI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.04+300.0%
$0.02
Rev
$32M+5.8%
$31M
Q2 2026
Mar 10, 2026Metric
Actual
Est
EPS
$0.05+150.0%
$0.02
Rev
$31M+4.0%
$29M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.12-1300.0%
$0.01
Rev
$28M-3.0%
$29M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.03+200.0%
$0.03
Rev
$27M-8.9%
$29M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.04vs $0.02+300.0% | $32Mvs $31M+5.8% |
| Q2 2026 | Mar 10, 2026 | $0.05vs $0.02+150.0% | $31Mvs $29M+4.0% |
| Q4 2025 | Nov 6, 2025 | $0.12vs $0.01-1300.0% | $28Mvs $29M-3.0% |
| Q3 2025 | Aug 7, 2025 | $0.03vs $0.03+200.0% | $27Mvs $29M-8.9% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for KVH Industries, Inc. (KVHI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $8.88 | $172.97M | -23.37 | -2.48% | -6.65% | -5.48% | — | |
| $80.11 | $10.32B | -534.07 | 9.04% | -4.03% | -3.21% | — | |
| $12.36 | $788.59M | 36.35 | 47.87% | 6.8% | 7.33% | — | |
| $76.72 | $10.48B | -306.88 | 2.67% | -0.73% | -0.74% | — | |
| $12.82 | $709.23M | -18.06 | 9.08% | -16.48% | -4.58% | — | |
| $51.09 | $5.4B | 48.20 | 4.93% | 12.05% | 22.76% | — |
Compare KVHI vs Peers
KVH Industries, Inc. (KVHI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
KVHI SEC Filings & Documents
KVH Industries, Inc. (KVHI) SEC filings — annual & quarterly reports (10-K, 10-Q)
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KVHI Frequently Asked Questions
KVH Industries, Inc. (KVHI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is KVH Industries, Inc.'s revenue?
KVH Industries, Inc. (KVHI) reported $117.9M in revenue for fiscal year 2025. This represents a 359% increase from $25.7M in 1996.
How fast is KVH Industries, Inc. growing?
KVH Industries, Inc. (KVHI) saw revenue decline by 2.5% over the past year.
Is KVHI profitable?
KVH Industries, Inc. (KVHI) reported a net loss of $5.1M for fiscal year 2025.
Dividend & Returns
What is KVHI's return on equity?
KVH Industries, Inc. (KVHI) has a return on equity (ROE) of -5.5%. Negative ROE indicates the company is unprofitable.
What is KVH Industries, Inc.'s free cash flow?
KVH Industries, Inc. (KVHI) generated $1.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.