KVH Industries, Inc. (KVHI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 32.32M | 30.52M | 28.45M | 26.62M | 25.41M | 26.92M | 28.97M | 28.67M | 29.27M | 30.97M | 33.2M | 33.59M | 34.14M | 36.01M | 35.17M | 34.55M | 33.15M | 43.13M | 34.39M | 43.36M |
| Revenue Growth % | 27.17% | 13.38% | -1.79% | -7.15% | -13.16% | -13.09% | -12.72% | -14.63% | -14.28% | -13.98% | -5.61% | -2.8% | 2.99% | -16.52% | 2.27% | -20.32% | -21.61% | -2.26% | -16.36% | 17.43% |
| Cost of Goods Sold | 0 | 21.5M | 26.54M | 17.49M | 17.98M | 19.79M | 19.7M | 19.77M | 19.35M | 30.07M | 20.75M | 21.75M | 21.39M | 23.41M | 22.13M | 20.4M | 20.34M | 29.53M | 22.27M | 28.02M |
| COGS % of Revenue | - | 70.46% | 93.28% | 65.68% | 70.73% | 73.53% | 67.99% | 68.94% | 66.12% | 97.08% | 62.51% | 64.77% | 62.65% | 65.02% | 62.91% | 59.03% | 61.37% | 68.47% | 64.76% | 64.61% |
| Gross Profit | 0 | 9.02M | 1.91M | 9.14M | 7.44M | 7.13M | 9.27M | 8.9M | 9.91M | 903K | 12.45M | 11.83M | 12.75M | 12.6M | 13.04M | 14.15M | 12.81M | 13.6M | 12.12M | 15.35M |
| Gross Margin % | - | 29.54% | 6.72% | 34.32% | 29.27% | 26.47% | 32.01% | 31.06% | 33.88% | 2.92% | 37.49% | 35.23% | 37.35% | 34.98% | 37.09% | 40.97% | 38.63% | 31.53% | 35.24% | 35.39% |
| Gross Profit Growth % | -100% | 26.53% | -79.37% | 2.59% | -24.97% | 689.04% | -25.49% | -24.75% | -22.26% | -92.83% | -4.58% | -16.4% | -0.41% | -7.39% | 7.62% | -7.75% | -18.16% | -20.29% | -23.37% | 18.09% |
| Operating Expenses | 9.68M | 9.94M | 9.54M | 9.51M | 9.68M | 10.33M | 11.27M | 11.79M | 13.71M | 13M | 17.6M | 11.66M | 12.92M | 11.99M | 14.01M | 15.2M | 17.05M | 18.91M | 15.66M | 21.15M |
| OpEx % of Revenue | 29.94% | 32.58% | 33.54% | 35.71% | 38.1% | 38.38% | 38.88% | 41.13% | 46.85% | 41.97% | 53.01% | 34.72% | 37.85% | 33.29% | 39.85% | 43.98% | 51.45% | 43.84% | 45.55% | 48.77% |
| Selling, General & Admin | 8.95M | 10.08M | 8.57M | 8.59M | 8.49M | 8.66M | 8.72M | 9.47M | 10.68M | 10.98M | 9.21M | 9.25M | 10.36M | 10M | 11.27M | 12.57M | 14.04M | 14.55M | 12.83M | 16.64M |
| SG&A % of Revenue | 27.7% | 33.02% | 30.14% | 32.27% | 33.43% | 32.18% | 30.1% | 33.02% | 36.47% | 35.44% | 27.74% | 27.53% | 30.34% | 27.77% | 32.04% | 36.39% | 42.36% | 33.73% | 37.32% | 38.38% |
| Research & Development | 726K | 385K | 969K | 916K | 1.19M | 1.67M | 1.41M | 2.33M | 3.04M | 2.02M | 2.4M | 2.42M | 2.56M | 1.99M | 2.75M | 2.62M | 3.01M | 4.36M | 2.83M | 4.5M |
| R&D % of Revenue | 2.25% | 1.26% | 3.41% | 3.44% | 4.67% | 6.2% | 4.86% | 8.11% | 10.38% | 6.52% | 7.22% | 7.19% | 7.51% | 5.52% | 7.81% | 7.59% | 9.08% | 10.11% | 8.22% | 10.39% |
| Other Operating Expenses | 0 | -519K | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -118K | -927K | -7.63M | -370K | -2.24M | -3.21M | -1.99M | -2.89M | -3.8M | -12.09M | -5.15M | 172K | -169K | 608K | -971K | -1.04M | -4.25M | -5.31M | -3.54M | -5.8M |
| Operating Margin % | -0.37% | -3.04% | -26.82% | -1.39% | -8.83% | -11.91% | -6.87% | -10.08% | -12.98% | -39.05% | -15.51% | 0.51% | -0.5% | 1.69% | -2.76% | -3.02% | -12.81% | -12.31% | -10.3% | -13.38% |
| Operating Income Growth % | 94.74% | 71.08% | -283.27% | 87.19% | 40.94% | 73.5% | 61.34% | -1779.65% | -2147.34% | -2089.14% | -430.38% | 116.49% | 96.02% | 111.45% | 72.59% | 82.02% | -17.77% | 53.23% | -604.37% | -68.86% |
| EBITDA | -118K | 1.64M | -5.03M | 2.24M | 645K | -157K | 1.27M | 849K | -551K | -8.78M | -1.95M | 3.63M | 3.29M | 3.88M | 2.63M | 2.86M | -989K | -1.48M | 266K | -2.19M |
| EBITDA Margin % | -0.37% | 5.38% | -17.66% | 8.4% | 2.54% | -0.58% | 4.4% | 2.96% | -1.88% | -28.33% | -5.88% | 10.81% | 9.64% | 10.78% | 7.47% | 8.27% | -2.98% | -3.43% | 0.77% | -5.05% |
| EBITDA Growth % | -118.29% | 1146.5% | -494.43% | 163.37% | 217.06% | 98.21% | 165.3% | -76.62% | -116.74% | -326.04% | -174.27% | 27.14% | 432.86% | 362.47% | 887.59% | 230.47% | -284.82% | 81.43% | -88.79% | -220.03% |
| D&A (Non-Cash Add-back) | 0 | 2.57M | 2.61M | 2.61M | 2.89M | 3.05M | 3.27M | 3.74M | 3.25M | 3.32M | 3.2M | 3.46M | 3.46M | 3.27M | 3.6M | 3.9M | 3.26M | 3.83M | 3.81M | 3.61M |
| EBIT | 0 | -927K | -6.92M | -370K | -2.24M | -4.01M | -1.15M | -2.89M | -3.8M | -11.93M | -4.27M | 172K | -169K | 528K | -13K | 47K | -3.94M | -4.13M | 3.71M | -5.58M |
| Net Interest Income | 0 | 741K | 681K | 579K | 567K | 623K | 627K | 876K | 911K | 985K | 997K | 885K | 778K | 709K | 388K | 200K | 207K | 209K | 198K | 208K |
| Interest Income | 595K | 741K | 681K | 579K | 567K | 623K | 629K | 876K | 911K | 986K | 997K | 885K | 778K | 709K | 389K | 201K | 208K | 213K | 218K | 222K |
| Interest Expense | -6K | 0 | 0 | 0 | 0 | 0 | 2K | 0 | 0 | 1K | 0 | 0 | 0 | 0 | 1K | 1K | 1K | 4K | 20K | 14K |
| Other Income/Expense | 831K | 981K | 713K | 1.41M | 558K | -810K | 843K | 510K | 713K | 164K | 876K | 647K | 554K | -80K | 957K | 1.09M | 310K | 1.18M | 7.23M | 207K |
| Pretax Income | 713K | 54K | -6.92M | 1.03M | -1.69M | -4.01M | -1.15M | -2.38M | -3.08M | -11.93M | -4.27M | 819K | 385K | 528K | -14K | 46K | -3.94M | -4.13M | 3.69M | -5.59M |
| Pretax Margin % | 2.21% | 0.18% | -24.31% | 3.89% | -6.63% | -14.92% | -3.96% | -8.3% | -10.54% | -38.52% | -12.88% | 2.44% | 1.13% | 1.47% | -0.04% | 0.13% | -11.88% | -9.57% | 10.72% | -12.9% |
| Income Tax | 125K | -277K | 16K | 105K | 25K | 295K | 51K | -3K | 78K | 159K | 95K | 46K | 18K | -99K | 81K | 235K | 329K | -49K | 16K | 78K |
| Effective Tax Rate % | 17.53% | -512.96% | -0.23% | 10.14% | -1.48% | -7.35% | -4.44% | 0.13% | -2.53% | -1.33% | -2.22% | 5.62% | 4.68% | -18.75% | -578.57% | 510.87% | -8.35% | 1.19% | 0.43% | -1.39% |
| Net Income | 588K | 331K | -6.93M | 930K | -1.71M | -4.31M | -1.2M | -2.38M | -3.16M | -12.09M | -4.37M | 773K | 367K | 591K | 29.65M | -1.44M | -4.69M | -4.08M | 4.02M | -5.67M |
| Net Margin % | 1.82% | 1.08% | -24.37% | 3.49% | -6.73% | -16.01% | -4.14% | -8.29% | -10.81% | -39.03% | -13.16% | 2.3% | 1.07% | 1.64% | 84.3% | -4.18% | -14.15% | -9.46% | 11.68% | -13.08% |
| Net Income Growth % | 134.39% | 107.68% | -478.32% | 139.14% | 45.94% | 64.35% | 72.56% | -407.37% | -961.85% | -2145.52% | -114.74% | 153.53% | 107.82% | 114.49% | 637.83% | 74.55% | -16.48% | 64.94% | 848.23% | -59.71% |
| Net Income (Continuing) | 588K | 331K | -6.93M | 930K | -1.71M | -4.31M | -1.2M | -2.38M | -3.16M | -12.09M | -4.37M | 773K | 367K | 627K | -95K | -189K | -4.27M | -4.08M | 3.67M | -5.67M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36K | 1000K | -1000K | -425K | 0 | 348K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.03 | 0.02 | -0.36 | 0.05 | -0.09 | -0.22 | -0.06 | -0.12 | -0.16 | -0.63 | -0.22 | 0.05 | 0.02 | 0.04 | -0.01 | -0.08 | -0.25 | -0.22 | 0.22 | -0.31 |
| EPS Growth % | 133.33% | 107.77% | -483.47% | 139.83% | 43.75% | 65.08% | 71.95% | -350% | -929.02% | -1845.15% | - | 161.7% | 107.72% | 116.41% | -102.32% | 74.9% | -13.64% | 66.15% | 826.07% | -55% |
| EPS (Basic) | 0.03 | 0.02 | -0.36 | 0.05 | -0.09 | -0.22 | -0.06 | -0.12 | -0.16 | -0.63 | -0.22 | 0.05 | 0.02 | 0.04 | -0.01 | -0.08 | -0.25 | -0.22 | 0.22 | -0.32 |
| Diluted Shares Outstanding | 19.43M | 19.41M | 19.36M | 19.44M | 19.49M | 19.39M | 19.43M | 19.38M | 19.29M | 19.25M | 19.23M | 19.27M | 19.04M | 18.98M | 18.71M | 18.56M | 18.45M | 18.41M | 18.57M | 18.17M |
| Basic Shares Outstanding | 19.33M | 19.34M | 19.36M | 19.4M | 19.49M | 19.39M | 19.43M | 19.38M | 19.29M | 19.25M | 19.23M | 19.15M | 18.88M | 18.8M | 18.71M | 18.56M | 18.45M | 18.41M | 18.34M | 17.89M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |