KVHI on Nasdaq
KVH INDUSTRIES INC \DE\
American communications services company, incorporated in Delaware. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
Compare with Antelope Enterprise Holdings Ltd, uCloudlink Group Inc. or Anghami, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-10.1%Operating margin3
-6.7%Net margin3
-2.5%Revenue growth, 20253
-5.6%Return on equity3
$9.8MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Service brought in 89% of the revenue KVH INDUSTRIES INC \DE\ broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Service | $96.4M | $98.4M |
| Product | $17.4M | $12.6M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development3¢$3.5M
- Other costs97¢$107.4M
- Income tax0¢$131.0K
Out of $111.0M in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending43¢$7.4M
- Share buybacks10¢$1.7M
- Kept or used elsewhere47¢$8.0M
Out of $17.1M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net sales | $111.0M | $113.8M |
| Research and development | $3.5M | $8.4M |
| Sales, marketing and support | $20.4M | $21.0M |
| General and administrative | $15.3M | $16.5M |
| Long-lived assets impairment charge | $0 | $1.1M |
| Total costs and expenses | $122.2M | $125.7M |
| Loss from operations | -$11.2M | -$11.9M |
| Interest income | $2.6M | $3.0M |
| Interest expense | $0 | $2.0K |
| Other income (expense), net | $1.1M | -$1.8M |
| Loss before income tax (benefit) expense | -$7.5M | -$10.6M |
| Income tax (benefit) expense | -$131.0K | $421.0K |
| Net loss | -$7.4M | -$11.0M |
| Basic (in dollars per share) | -$0.38 | -$0.57 |
| Diluted (in dollars per share) | -$0.38 | -$0.57 |
| Basic (in shares) | 19.4M shares | 19.4M shares |
| Diluted (in shares) | 19.4M shares | 19.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $69.9M | $50.6M | |
| Accounts receivable, net of allowance for credit losses of $712 and $1,006 as of December 31, 2025 & December 31, 2024, respectively | $25.0M | $21.6M | |
| Inventories | $14.9M | $23.0M | |
| Prepaid expenses and other current assets | $8.0M | $16.0M | |
| Current assets held for sale | $0 | $11.4M | |
| Total current assets | $117.8M | $122.6M | |
| Property and equipment, net | $22.0M | $27.0M | |
| Intangible assets, net | $3.7M | $828.0K | |
| Goodwill | $732.0K | $0 | |
| Right of use assets | $4.4M | $1.4M | |
| Other non-current assets | $2.2M | $3.1M | |
| Deferred income tax asset | $602.0K | $157.0K | |
| Total assets | $151.5M | $155.1M | |
| Accounts payable | $4.5M | $4.3M | |
| Accrued airtime | $1.5M | $745.0K | |
| Accrued compensation and employee-related expenses | $5.2M | $4.7M | |
| Accrued loss on future firm purchase commitments | $0 | $919.0K | |
| Accrued other | $2.4M | $2.1M | |
| Accrued product warranty costs | $644.0K | $607.0K | |
| Deferred revenue | $1.2M | $1.0M | |
| Current operating lease liability | $547.0K | $660.0K | |
| Liability for uncertain tax positions | $793.0K | $724.0K | |
| Total current liabilities | $16.7M | $15.9M | |
| Long-term operating lease liability | $3.8M | $569.0K | |
| Deferred income tax liability | $5.0K | $15.0K | |
| Total liabilities | $20.5M | $16.5M | |
| Preferred stock, $0.01 par value. Authorized 1,000,000 shares; none issued | $0 | $0 | |
| Common stock, $0.01 par value. Authorized 30,000,000 shares, 21,294,655 and 21,240,525 shares issued at December 31, 2025 and December 31, 2024, respectively; and 19,511,836 and 19,784,416 shares outstanding at December 31, 2025 and December 31, 2024, respectively | $213.0K | $212.0K | |
| Additional paid-in capital | $168.9M | $167.3M | |
| Accumulated deficit | -$20.1M | -$12.8M | |
| Accumulated other comprehensive loss | -$4.2M | -$4.0M | |
| Total stockholders equity before treasury stock adjustment | $144.8M | $150.7M | |
| Less: treasury stock at cost, common stock, 1,782,819 and 1,456,109 shares as of December 31, 2025 and December 31, 2024, respectively | -$13.8M | -$12.1M | |
| Total stockholders equity | $131.0M | $138.6M | $147.4M |
| Total liabilities and stockholders equity | $151.5M | $155.1M | |
| Allowance for doubtful accounts | $712.0K | $1.0M | |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in shares) | 30.0M shares | 30.0M shares | |
| Common stock, shares issued (in shares) | 21.3M shares | 21.2M shares | |
| Common stock, shares outstanding (in shares) | 19.5M shares | 19.8M shares | |
| Treasury stock at cost, outstanding (in shares) | 1.8M shares | 1.5M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $69.9M | $50.6M | |
| Accounts receivable, net of allowance for credit losses of $712 and $1,006 as of December 31, 2025 & December 31, 2024, respectively | $25.0M | $21.6M | |
| Inventories | $14.9M | $23.0M | |
| Prepaid expenses and other current assets | $8.0M | $16.0M | |
| Current assets held for sale | $0 | $11.4M | |
| Total current assets | $117.8M | $122.6M | |
| Property and equipment, net | $22.0M | $27.0M | |
| Intangible assets, net | $3.7M | $828.0K | |
| Goodwill | $732.0K | $0 | |
| Right of use assets | $4.4M | $1.4M | |
| Other non-current assets | $2.2M | $3.1M | |
| Deferred income tax asset | $602.0K | $157.0K | |
| Total assets | $151.5M | $155.1M | |
| Accounts payable | $4.5M | $4.3M | |
| Accrued airtime | $1.5M | $745.0K | |
| Accrued compensation and employee-related expenses | $5.2M | $4.7M | |
| Accrued loss on future firm purchase commitments | $0 | $919.0K | |
| Accrued other | $2.4M | $2.1M | |
| Accrued product warranty costs | $644.0K | $607.0K | |
| Deferred revenue | $1.2M | $1.0M | |
| Current operating lease liability | $547.0K | $660.0K | |
| Liability for uncertain tax positions | $793.0K | $724.0K | |
| Total current liabilities | $16.7M | $15.9M | |
| Long-term operating lease liability | $3.8M | $569.0K | |
| Deferred income tax liability | $5.0K | $15.0K | |
| Total liabilities | $20.5M | $16.5M | |
| Preferred stock, $0.01 par value. Authorized 1,000,000 shares; none issued | $0 | $0 | |
| Common stock, $0.01 par value. Authorized 30,000,000 shares, 21,294,655 and 21,240,525 shares issued at December 31, 2025 and December 31, 2024, respectively; and 19,511,836 and 19,784,416 shares outstanding at December 31, 2025 and December 31, 2024, respectively | $213.0K | $212.0K | |
| Additional paid-in capital | $168.9M | $167.3M | |
| Accumulated deficit | -$20.1M | -$12.8M | |
| Accumulated other comprehensive loss | -$4.2M | -$4.0M | |
| Total stockholders equity before treasury stock adjustment | $144.8M | $150.7M | |
| Less: treasury stock at cost, common stock, 1,782,819 and 1,456,109 shares as of December 31, 2025 and December 31, 2024, respectively | -$13.8M | -$12.1M | |
| Total stockholders equity | $131.0M | $138.6M | $147.4M |
| Total liabilities and stockholders equity | $151.5M | $155.1M | |
| Allowance for doubtful accounts | $712.0K | $1.0M | |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in shares) | 30.0M shares | 30.0M shares | |
| Common stock, shares issued (in shares) | 21.3M shares | 21.2M shares | |
| Common stock, shares outstanding (in shares) | 19.5M shares | 19.8M shares | |
| Treasury stock at cost, outstanding (in shares) | 1.8M shares | 1.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$7.4M | -$11.0M |
| Provision for credit losses | -$45.0K | $217.0K |
| Depreciation and amortization | $10.7M | $13.3M |
| Impairment charge to goodwill and long-lived assets | $0 | $1.1M |
| Deferred income taxes | -$455.0K | $113.0K |
| Stock-based compensation | $1.6M | $2.0M |
| Unrealized currency translation (gain) loss | -$101.0K | $188.0K |
| Accounts receivable | -$4.3M | $3.8M |
| Inventories | $8.7M | -$3.9M |
| Prepaid expenses and other current assets | $8.1M | -$11.7M |
| Other non-current assets | $1.0M | $333.0K |
| Accounts payable | $176.0K | -$446.0K |
| Deferred revenue | $42.0K | -$728.0K |
| Accrued compensation, product warranty and other | $453.0K | -$7.7M |
| Net cash provided by (used in) operating activities | $17.1M | -$13.2M |
| Capital expenditures | -$7.4M | -$7.4M |
| Cash paid for acquisition of intangible assets | -$34.0K | -$74.0K |
| Cash paid for business combination | -$3.8M | $0 |
| Purchases of marketable securities | $0 | -$2.0M |
| Maturities and sales of marketable securities | $0 | $60.5M |
| Net cash provided by investing activities | $3.9M | $52.4M |
| Proceeds from stock options exercised and employee stock purchase plan | $50.0K | $110.0K |
| Repurchase of treasury stock | -$1.7M | $0 |
| Net cash (used in) provided by financing activities | -$1.7M | $110.0K |
| Effect of exchange rate changes on cash and cash equivalents | $35.0K | -$51.0K |
| Net increase in cash and cash equivalents | $19.3M | $39.3M |
| Settlement of certain receivables for a business combination | $945.0K | $0 |
| Changes in accrued other and accounts payable related to property and equipment additions | $35.0K | $5.0K |
| Right of use assets (ROU) assets arising from entering into new operating lease obligations | $3.8M | $1.1M |
No quarter-by-quarter statement was filed.
Leadership
Who has led KVH INDUSTRIES INC \DE\, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerBrent C. Bruun Mar 15, 2022 to now11
- PresidentBrent C. Bruun Mar 9, 2023 to Feb 21, 202412
- Chief financial officerAnthony Pike Feb 13, 2025 to now13
- Chief financial officerBrent C. Bruun Jan 21, 2021 to Feb 16, 202114
- Chief financial officerRoger Kuebel Mar 24, 2021 to Mar 13, 202415
- Chief financial officerDonald W. Reilly Dec 27, 2016 to Aug 4, 202016
- Chief financial officerPeter Rendall Oct 16, 2012 to Mar 14, 201617
- Chief financial officerPatrick Spratt Jan 4, 2006 to Mar 14, 201218
- Chief operating officerRobert J. Balog Jan 22, 2024 to Apr 4, 202419
- Chief operating officerBrent C. Bruun Dec 15, 2016 to Feb 11, 202220
Board members and other officers (26)
- CFO_RetiredDonald W. Reilly Jan 26, 2021 to Jan 26, 202121
- EVP, Mobile ConnectivityMark Woodhead Nov 26, 2018 to Jun 9, 202122
- Chief Acct Officer/ControllerJennifer Louise Baker Jun 1, 2017 to Aug 5, 202223
- Chief Marketing Officer/SVPElizabeth Jackson Nov 28, 2017 to Feb 16, 202224
- VP Bus DevelopmentBrent C. Bruun Aug 6, 2008 to Mar 14, 201625
- Vice President, MarketingJames S. Dodez Jan 4, 2006 to Mar 13, 201526
- VP Business DevelopmentDaniel R. Conway Jan 27, 2006 to Jun 10, 202227
- EVP Satellite SalesIan C. Palmer Jan 27, 2006 to Mar 4, 200828
- VP Engineering (Defense)Kaylan Ganesan Jan 27, 2006 to Mar 4, 200829
- VP Engineering (Satellite)Robert J. Balog Jan 27, 2006 to Mar 9, 202330
- Vice PresidentVan Heyningen Robert Wb Kits Jan 27, 2006 to Mar 19, 201831
- Board memberJoseph Anthony Spytek Aug 28, 2025 to now32
- Board memberStephen H. Deckoff Aug 10, 2023 to now33
- Board memberDavid B. Kagan Jul 5, 2022 to now34
- Board memberDavid Tolley Jul 5, 2022 to now35
- Board memberBrent C. Bruun Oct 13, 2022 to now36
- Board memberCathy-Ann Martine-Dolecki Aug 5, 2021 to Jan 22, 202437
- Board memberCielo Hernandez Aug 5, 2021 to Jan 22, 202438
- Board memberRobert Tavares Apr 16, 2020 to Feb 11, 202239
- Board memberDanelle Marie Barrett Jun 15, 2020 to Feb 11, 202240
- Board memberJames S. Dodez Jun 9, 2017 to Jan 31, 202341
- Board memberBruce J. Ryan Jan 27, 2006 to Jan 6, 202042
- Board memberCharles Robert Trimble Jan 27, 2006 to Feb 13, 202543
- Board memberStanley K. Honey Jan 27, 2006 to Jan 26, 202144
- Board memberVan Heyningen Robert Wb Kits Jan 27, 2006 to Mar 19, 201831
- General counselFelise Feingold Aug 15, 2008 to now45
Timeline
- Mar 15, 2022New chief executive Brent C. Bruun becomes CEO11
Filings
273 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 39 major events, 166 insider forms, 30 large holders, 18 other. The latest 20:
- Oct 13, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 24, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 24, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 24, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 24, 20264 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 11, 2026SCHEDULE 13G/A EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Jun 12, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Jun 12, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Jun 12, 20268-K EDGAR
- May 29, 20264 OWNERSHIP DOCUMENT EDGAR
- May 28, 2026SD EDGAR
- May 6, 202610-Q EDGAR
- May 6, 20268-K EDGAR
- Apr 28, 2026ARS EDGAR
- Apr 28, 2026DEF 14A EDGAR
- Mar 12, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Mar 12, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
The 273 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
67 open-market trades by officers, directors and large owners since October 2021: 23 buys and 44 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 10, 2026 | FEINGOLD FELISESVP General Counsel | Sale | 1,862 | $7.60 | $14.2K | Form 4 |
| Jun 10, 2026 | BRUUN BRENT CCEO | Sale | 2,230 | $7.60 | $16.9K | Form 4 |
| May 27, 2026 | Radoff Bradley Louis10% owner | Sale | 35,000 | $11.20 | $392.0K | Form 4 |
| Mar 10, 2026 | FEINGOLD FELISESVP General Counsel | Sale | 1,594 | $6.64 | $10.6K | Form 4 |
| Mar 10, 2026 | BRUUN BRENT CCEO | Sale | 2,049 | $6.64 | $13.6K | Form 4 |
| Feb 18, 2026 | FEINGOLD FELISESVP General Counsel | Sale | 1,715 | $6.38 | $10.9K | Form 4 |
| Feb 18, 2026 | BRUUN BRENT CCEO | Sale | 3,537 | $6.38 | $22.6K | Form 4 |
| Feb 12, 2026 | Radoff Bradley Louis10% owner | Buy | 30,000 | $6.26 | $187.8K | Form 4 |
| Dec 9, 2025 | Black Diamond Capital Management I, LLLP10% owner | Buy | 60,201 | $6.02 | $362.4K | Form 4 |
| Dec 8, 2025 | Black Diamond Capital Management I, LLLP10% owner | Buy | 2,461 | $6.05 | $14.9K | Form 4 |
| Dec 5, 2025 | Black Diamond Capital Management I, LLLP10% owner | Buy | 7,956 | $5.99 | $47.7K | Form 4 |
| Dec 2, 2025 | Black Diamond Capital Management I, LLLP10% owner | Buy | 13,000 | $6.06 | $78.8K | Form 4 |
| Dec 1, 2025 | Black Diamond Capital Management I, LLLP10% owner | Buy | 3,345 | $6.00 | $20.1K | Form 4 |
| Nov 28, 2025 | Black Diamond Capital Management I, LLLP10% owner | Buy | 11,697 | $5.99 | $70.1K | Form 4 |
| Nov 14, 2025 | Radoff Family Foundation | Buy | 40,000 | $5.78 | $231.2K | Form 4 |
| Oct 15, 2025 | BRUUN BRENT CCEO | Sale | 717 | $5.77 | $4.1K | Form 4 |
| Jun 10, 2025 | BRUUN BRENT CCEO | Sale | 2,368 | $5.22 | $12.4K | Form 4 |
| Jun 10, 2025 | FEINGOLD FELISESVP General Counsel | Sale | 1,601 | $5.22 | $8.4K | Form 4 |
| Apr 2, 2025 | BRUUN BRENT CCEO | Sale | 1,663 | $5.17 | $8.6K | Form 4 |
| Apr 2, 2025 | FEINGOLD FELISESVP General Counsel | Sale | 1,125 | $5.17 | $5.8K | Form 4 |
All 67 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- SYSTEMATIC FINANCIAL MANAGEMENT LPSCHEDULE 13G/A, 7 filings Feb 10, 2022 to Aug 14, 202646
- JEC II Associates, LLCSCHEDULE 13G/A, 3 filings Aug 27, 2024 to Aug 11, 202647
- BDCM CT, L.L.C.SCHEDULE 13D/A, 5 filings Feb 14, 2022 to Aug 26, 202548
- NEEDHAM INVESTMENT MANAGEMENT LLCSCHEDULE 13G/A, 5 filings Feb 14, 2022 to Aug 13, 202549
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 4 filings Feb 8, 2022 to Apr 15, 202550
- Radoff Bradley LouisSC 13G/A, 2 filings Mar 20, 2024 to Aug 5, 202451
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 97. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 9
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- 12SEC EDGARBrent C. Bruun, President
- 13
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- 18
- 19
- 20
- 21SEC EDGARDonald W. Reilly, CFO_Retired
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- 25SEC EDGARBrent C. Bruun, VP Bus Development
- 26
- 27
- 28SEC EDGARIan C. Palmer, EVP Satellite Sales
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- 31
- 32SEC EDGARJoseph Anthony Spytek, Board member
- 33SEC EDGARStephen H. Deckoff, Board member
- 34SEC EDGARDavid B. Kagan, Board member
- 35SEC EDGARDavid Tolley, Board member
- 36SEC EDGARBrent C. Bruun, Board member
- 37
- 38SEC EDGARCielo Hernandez, Board member
- 39SEC EDGARRobert Tavares, Board member
- 40SEC EDGARDanelle Marie Barrett, Board member
- 41SEC EDGARJames S. Dodez, Board member
- 42SEC EDGARBruce J. Ryan, Board member
- 43SEC EDGARCharles Robert Trimble, Board member
- 44SEC EDGARStanley K. Honey, Board member
- 45SEC EDGARFelise Feingold, General counsel
- 46
- 47
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- 49
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- 51