What is Kvh Inds Inc's earnings per share (EPS)?

Kvh Inds Inc (KVHI) reported diluted earnings per share of $-0.38 for fiscal year 2025. This represents a 33.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Kvh Inds Inc Financials

KVHI

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Kvh Inds Inc (KVHI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 46/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Kvh Inds Inc has an operating margin of -10.1%, meaning the company retains $-10 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -10.4% the prior year.

Growth

Kvh Inds Inc's revenue declined 2.5% year-over-year, from $113.8M to $111.0M. This contraction results in a growth score of 29/100.

Leverage

Kvh Inds Inc carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 7.07, Kvh Inds Inc holds $7.07 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

Kvh Inds Inc has a free cash flow margin of 8.8%, earning a moderate score of 47/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Kvh Inds Inc generates a -5.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -8.0% the prior year.

Piotroski F-Score Neutral

4/9

Kvh Inds Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

-2.32x

For every $1 of reported earnings, Kvh Inds Inc generates $-2.32 in operating cash flow ($17.1M OCF vs -$7.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$111.0M

YoY-2.5%

5Y CAGR-6.9%

10Y CAGR+27.7%

Kvh Inds Inc generated $111.0M in revenue in fiscal year 2025. This represents a decrease of 2.5% from the prior year.

EBITDA

-$475K

YoY-133.6%

Kvh Inds Inc's EBITDA was -$475K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 133.6% from the prior year.

Net Income

-$7.4M

YoY+33.2%

Kvh Inds Inc reported -$7.4M in net income in fiscal year 2025. This represents an increase of 33.2% from the prior year.

EPS (Diluted)

$-0.38

YoY+33.3%

Kvh Inds Inc earned $-0.38 per diluted share (EPS) in fiscal year 2025. This represents an increase of 33.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$9.8M

YoY+147.4%

10Y CAGR+13.7%

Kvh Inds Inc generated $9.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 147.4% from the prior year.

Cash & Debt

$69.9M

YoY+38.2%

5Y CAGR+40.9%

10Y CAGR+10.2%

Kvh Inds Inc held $69.9M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

20M

YoY-1.4%

5Y CAGR+1.1%

10Y CAGR+2.2%

Kvh Inds Inc had 20M shares outstanding in fiscal year 2025. This represents a decrease of 1.4% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-10.1%

YoY+0.4pp

5Y CAGR+4.4pp

10Y CAGR-43.4pp

Kvh Inds Inc's operating margin was -10.1% in fiscal year 2025, reflecting core business profitability. This is up 0.4 percentage points from the prior year.

Net Margin

-6.7%

YoY+3.1pp

5Y CAGR+7.2pp

10Y CAGR-30.1pp

Kvh Inds Inc's net profit margin was -6.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.1 percentage points from the prior year.

Return on Equity

-5.6%

YoY+2.3pp

5Y CAGR+11.0pp

10Y CAGR-7.5pp

Kvh Inds Inc's ROE was -5.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.3 percentage points from the prior year.

Capital Allocation

R&D Spending

$3.5M

YoY-59.0%

5Y CAGR-26.2%

10Y CAGR-13.1%

Kvh Inds Inc invested $3.5M in research and development in fiscal year 2025. This represents a decrease of 59.0% from the prior year.

Share Buybacks

$1.7M

5Y CAGR+34.9%

Kvh Inds Inc spent $1.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$7.4M

YoY-0.8%

5Y CAGR-12.2%

10Y CAGR+2.6%

Kvh Inds Inc invested $7.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 0.8% from the prior year.

KVHI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$111.0M-2.5%	$113.8M-14.0%	$132.4M-4.6%	$138.8M+3.6%	$133.9M-15.6%	$158.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$3.5M-59.0%	$8.4M-10.2%	$9.4M-9.4%	$10.4M-6.3%	$11.1M-29.9%	$15.8M
SG&A Expenses	$15.3M-7.4%	$16.5M-12.6%	$18.9M-23.3%	$24.7M-14.4%	$28.8M+17.8%	$24.4M
Operating Income	-$11.2M+6.0%	-$11.9M+31.5%	-$17.3M-203.0%	-$5.7M+70.8%	-$19.6M+14.6%	-$22.9M
Interest Expense	$0-100.0%	$2K+100.0%	$1K-66.7%	$3K-94.6%	$56K+211.1%	$18K
Income Tax	-$131K-131.1%	$421K+32.4%	$318K-41.8%	$546K+605.6%	-$108K-162.1%	$174K
Net Income	-$7.4M+33.2%	-$11.0M+28.4%	-$15.4M-164.2%	$24.0M+346.1%	-$9.8M+55.5%	-$21.9M
EPS (Diluted)	$-0.38+33.3%	$-0.57+29.6%	$-0.81-162.8%	$1.29+338.9%	$-0.54+56.5%	$-1.24

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$30.5M+7.3%	$28.5M+6.9%	$26.6M+4.8%	$25.4M-5.6%	$26.9M-7.1%	$29.0M+1.0%	$28.7M-2.0%	$29.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$385K-60.3%	$969K+5.8%	$916K-22.8%	$1.2M-28.8%	$1.7M+18.6%	$1.4M-39.5%	$2.3M-23.4%	$3.0M
SG&A Expenses	$4.5M+21.4%	$3.7M+3.1%	$3.6M+1.3%	$3.5M+7.2%	$3.3M-12.9%	$3.8M-8.3%	$4.1M-21.9%	$5.3M
Operating Income	-$927K+87.9%	-$7.6M-1962.4%	-$370K+83.5%	-$2.2M+30.0%	-$3.2M-61.0%	-$2.0M+31.1%	-$2.9M+23.9%	-$3.8M
Interest Expense	N/A	$0	N/A	N/A	N/A	$2K	N/A	N/A
Income Tax	-$277K-1831.3%	$16K-84.8%	$105K+320.0%	$25K-91.5%	$295K+478.4%	$51K+1800.0%	-$3K-103.8%	$78K
Net Income	$331K+104.8%	-$6.9M-845.6%	$930K+154.4%	-$1.7M+60.3%	-$4.3M-259.5%	-$1.2M+49.5%	-$2.4M+24.9%	-$3.2M
EPS (Diluted)	N/A	$-0.36-820.0%	$0.05+155.6%	$-0.09	N/A	$-0.06+50.0%	$-0.12+25.0%	$-0.16

KVHI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$151.5M-2.3%	$155.1M-10.2%	$172.6M-12.0%	$196.3M+16.3%	$168.8M-8.1%	$183.6M
Current Assets	$117.8M-3.9%	$122.6M+3.2%	$118.8M-8.6%	$130.0M+48.0%	$87.8M-13.1%	$101.1M
Cash & Equivalents	$69.9M+38.2%	$50.6M+347.8%	$11.3M-46.4%	$21.1M+85.1%	$11.4M-9.6%	$12.6M
Inventory	$14.9M-35.3%	$23.0M+20.5%	$19.0M-16.2%	$22.7M+43.6%	$15.8M-35.8%	$24.7M
Accounts Receivable	$25.0M+15.8%	$21.6M-15.8%	$25.7M-6.4%	$27.4M-1.2%	$27.8M-17.6%	$33.7M
Goodwill	$732K	$0	$0-100.0%	$5.3M-19.2%	$6.6M-0.3%	$6.6M
Total Liabilities	$20.5M+24.7%	$16.5M-34.9%	$25.3M-33.2%	$37.8M-5.0%	$39.8M-23.0%	$51.7M
Current Liabilities	$16.7M+5.0%	$15.9M-36.4%	$25.0M-32.7%	$37.1M+9.6%	$33.9M-16.9%	$40.8M
Long-Term Debt	N/A	N/A	N/A	N/A	$0-100.0%	$1.9M
Total Equity	$131.0M-5.5%	$138.6M-5.9%	$147.4M-7.0%	$158.4M+21.1%	$130.8M-0.8%	$131.9M
Retained Earnings	-$20.1M-57.9%	-$12.8M-648.4%	-$1.7M-112.4%	$13.7M+212.8%	-$12.2M-406.5%	-$2.4M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$151.5M+0.8%	$150.3M-1.2%	$152.0M+0.4%	$151.4M-2.4%	$155.1M-7.0%	$166.7M-1.3%	$168.9M+0.3%	$168.4M
Current Assets	$117.8M-1.6%	$119.7M-2.7%	$123.0M+1.2%	$121.6M-0.8%	$122.6M-6.9%	$131.7M+11.1%	$118.5M+2.2%	$115.9M
Cash & Equivalents	$69.9M-4.0%	$72.8M+30.2%	$55.9M+15.1%	$48.6M-3.9%	$50.6M+251.3%	$14.4M+39.0%	$10.4M-9.5%	$11.4M
Inventory	$14.9M+10.9%	$13.4M-33.9%	$20.3M-7.8%	$22.0M-4.2%	$23.0M-8.9%	$25.2M+11.0%	$22.7M+19.0%	$19.1M
Accounts Receivable	$25.0M+3.1%	$24.3M-4.1%	$25.4M+9.3%	$23.2M+7.3%	$21.6M-12.7%	$24.8M-9.4%	$27.3M+5.2%	$26.0M
Goodwill	$732K	N/A	N/A	N/A	$0	N/A	N/A	N/A
Total Liabilities	$20.5M+6.7%	$19.2M+40.8%	$13.7M+0.2%	$13.6M-17.2%	$16.5M-31.5%	$24.0M-5.9%	$25.5M+9.6%	$23.3M
Current Liabilities	$16.7M+9.6%	$15.2M+16.2%	$13.1M+0.3%	$13.1M-17.7%	$15.9M-32.8%	$23.6M-5.9%	$25.1M+9.6%	$22.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$131.0M0.0%	$131.0M-5.3%	$138.4M+0.4%	$137.8M-0.6%	$138.6M-2.9%	$142.7M-0.5%	$143.4M-1.2%	$145.1M
Retained Earnings	-$20.1M+1.6%	-$20.5M-51.2%	-$13.5M+6.4%	-$14.5M-13.4%	-$12.8M-51.1%	-$8.4M-16.6%	-$7.2M-48.8%	-$4.9M

KVHI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$17.1M+229.9%	-$13.2M-620.6%	$2.5M-71.6%	$8.9M+205.7%	$2.9M+194.5%	-$3.1M
Capital Expenditures	$7.4M-0.8%	$7.4M-30.2%	$10.6M-26.1%	$14.4M-23.2%	$18.7M+33.2%	$14.1M
Free Cash Flow	$9.8M+147.4%	-$20.6M-154.1%	-$8.1M-47.4%	-$5.5M+65.3%	-$15.8M+7.7%	-$17.1M
Investing Cash Flow	$3.9M-92.6%	$52.4M+456.0%	-$14.7M-4023.7%	$375K+105.6%	-$6.7M+27.8%	-$9.3M
Financing Cash Flow	-$1.7M-1639.1%	$110K-95.3%	$2.3M+230.9%	$708K-73.2%	$2.6M-62.9%	$7.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$1.7M	$0-100.0%	$239K	$0	$0-100.0%	$390K

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$3.4M-65.7%	$9.9M+94.2%	$5.1M+499.1%	-$1.3M-416.9%	$403K-78.6%	$1.9M+112.8%	-$14.7M-1751.6%	-$792K
Capital Expenditures	$5.0M+230.3%	$1.5M-35.5%	$2.3M+104.4%	$1.1M+35.7%	$847K-42.2%	$1.5M-45.9%	$2.7M+12.8%	$2.4M
Free Cash Flow	-$1.6M-119.2%	$8.4M+205.1%	$2.7M+213.2%	-$2.4M-446.4%	-$444K-206.0%	$419K+102.4%	-$17.4M-444.4%	-$3.2M
Investing Cash Flow	-$5.9M-182.1%	$7.1M+125.6%	$3.2M+668.8%	-$557K-101.6%	$35.9M+1642.7%	$2.1M-84.8%	$13.6M+1458.8%	$871K
Financing Cash Flow	-$367K-274.5%	-$98K+90.8%	-$1.1M-558.0%	-$162K-1257.1%	$14K	$0	$0-100.0%	$96K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$371K+219.8%	$116K-89.4%	$1.1M+570.6%	$163K	$0	$0	$0	$0

KVHI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-10.1%+0.4pp	-10.4%+2.7pp	-13.1%-9.0pp	-4.1%+10.5pp	-14.6%-0.2pp	-14.4%
Net Margin	-6.7%+3.1pp	-9.7%+1.9pp	-11.7%-29.0pp	17.3%+24.6pp	-7.3%+6.5pp	-13.8%
Return on Equity	-5.6%+2.3pp	-8.0%+2.5pp	-10.5%-25.6pp	15.2%+22.6pp	-7.5%+9.2pp	-16.6%
Return on Assets	-4.9%+2.3pp	-7.1%+1.8pp	-8.9%-21.2pp	12.2%+18.0pp	-5.8%+6.2pp	-11.9%
Current Ratio	7.07-0.7	7.72+3.0	4.76+1.3	3.50+0.9	2.59+0.1	2.48
Debt-to-Equity	0.16+0.0	0.12-0.1	0.17-0.1	0.24+0.2	0.00-0.0	0.01
FCF Margin	8.8%+26.9pp	-18.1%-12.0pp	-6.1%-2.2pp	-4.0%+7.9pp	-11.8%-1.0pp	-10.8%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-3.0%+23.8pp	-26.8%-25.4pp	-1.4%+7.4pp	-8.8%+3.1pp	-11.9%-5.0pp	-6.9%+3.2pp	-10.1%+2.9pp	-13.0%
Net Margin	1.1%+25.4pp	-24.4%-27.9pp	3.5%+10.2pp	-6.7%+9.3pp	-16.0%-11.9pp	-4.1%+4.2pp	-8.3%+2.5pp	-10.8%
Return on Equity	0.3%+5.5pp	-5.3%-6.0pp	0.7%+1.9pp	-1.2%+1.9pp	-3.1%-2.3pp	-0.8%+0.8pp	-1.7%+0.5pp	-2.2%
Return on Assets	0.2%+4.8pp	-4.6%-5.2pp	0.6%+1.7pp	-1.1%+1.7pp	-2.8%-2.1pp	-0.7%+0.7pp	-1.4%+0.5pp	-1.9%
Current Ratio	7.07-0.8	7.87-1.5	9.39+0.1	9.31+1.6	7.72+2.1	5.58+0.9	4.72-0.3	5.06
Debt-to-Equity	0.160.0	0.15+0.0	0.100.0	0.10-0.0	0.12-0.0	0.170.0	0.18+0.0	0.16
FCF Margin	-5.3%-34.7pp	29.5%+19.1pp	10.3%+19.9pp	-9.6%-7.9pp	-1.7%-3.1pp	1.5%+62.0pp	-60.6%-49.7pp	-10.9%

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Frequently Asked Questions

What is Kvh Inds Inc's annual revenue?

Kvh Inds Inc (KVHI) reported $111.0M in total revenue for fiscal year 2025. This represents a -2.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Kvh Inds Inc's revenue growing?

Kvh Inds Inc (KVHI) revenue declined by 2.5% year-over-year, from $113.8M to $111.0M in fiscal year 2025.

Is Kvh Inds Inc profitable?

No, Kvh Inds Inc (KVHI) reported a net income of -$7.4M in fiscal year 2025, with a net profit margin of -6.7%.

What is Kvh Inds Inc's EBITDA?

Kvh Inds Inc (KVHI) had EBITDA of -$475K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Kvh Inds Inc's operating margin?

Kvh Inds Inc (KVHI) had an operating margin of -10.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Kvh Inds Inc's net profit margin?

Kvh Inds Inc (KVHI) had a net profit margin of -6.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Kvh Inds Inc's return on equity (ROE)?

Kvh Inds Inc (KVHI) has a return on equity of -5.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Kvh Inds Inc's free cash flow?

Kvh Inds Inc (KVHI) generated $9.8M in free cash flow during fiscal year 2025. This represents a 147.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Kvh Inds Inc's operating cash flow?

Kvh Inds Inc (KVHI) generated $17.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Kvh Inds Inc's total assets?

Kvh Inds Inc (KVHI) had $151.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Kvh Inds Inc's capital expenditures?

Kvh Inds Inc (KVHI) invested $7.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Kvh Inds Inc spend on research and development?

Kvh Inds Inc (KVHI) invested $3.5M in research and development during fiscal year 2025.

Does Kvh Inds Inc buy back shares?

Yes, Kvh Inds Inc (KVHI) spent $1.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Kvh Inds Inc have outstanding?

Kvh Inds Inc (KVHI) had 20M shares outstanding as of fiscal year 2025.

What is Kvh Inds Inc's current ratio?

Kvh Inds Inc (KVHI) had a current ratio of 7.07 as of fiscal year 2025, which is generally considered healthy.

What is Kvh Inds Inc's debt-to-equity ratio?

Kvh Inds Inc (KVHI) had a debt-to-equity ratio of 0.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Kvh Inds Inc's return on assets (ROA)?

Kvh Inds Inc (KVHI) had a return on assets of -4.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Kvh Inds Inc's Piotroski F-Score?

Kvh Inds Inc (KVHI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Kvh Inds Inc's earnings high quality?

Kvh Inds Inc (KVHI) has an earnings quality ratio of -2.32x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Kvh Inds Inc?

Kvh Inds Inc (KVHI) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.