Welcome to our dedicated page for Kvh Inds SEC filings (Ticker: KVHI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
KVH Industries Inc filings document the company’s public disclosures as a Delaware operating company with common stock listed on the Nasdaq Global Select Market under KVHI. Recent Form 8-K reports furnish quarterly and annual operating results, including service sales, product sales, airtime revenue, subscriber trends, and financial-condition updates tied to its maritime and mobile connectivity business.
The company’s SEC record also includes proxy materials covering annual meeting matters, board and stockholder governance, executive compensation, and voting procedures. Other event filings describe corporate actions such as completed acquisitions of satellite communications agreements, customer relationships, vendor agreements, inventory, and related assets, alongside disclosures about the company’s multi-orbit communications network, mobile terminals, value-added services, and capital structure.
KVH Industries returned to profitability in Q1 2026 as LEO connectivity accelerated growth. Net sales rose 27% year over year to $32.3 million, driven by a 30% increase in service revenue to $28.2 million, mainly from higher Starlink and Eutelsat OneWeb airtime sales.
LEO services represented over 45% of airtime service sales, up from less than 30% a year earlier, while legacy VSAT airtime declined. Net income was $0.6 million versus a $1.7 million loss in Q1 2025, as operating loss narrowed sharply and interest income and other gains helped the bottom line.
KVH ended the quarter with $59.2 million in cash and $101.7 million in working capital. It prepaid $21 million in early 2026 toward a $45.0 million Starlink Global Priority data block and continues a staged wind-down of in-house manufacturing while expanding LEO-focused connectivity and maintaining a $15 million share repurchase authorization.
KVH Industries reported a strong first quarter of 2026, with revenue rising 27% year over year to $32.3 million and driven mainly by faster growth in connectivity services.
Service revenue reached $28.2 million, up $6.5 million or 30% from the prior year, helped by a substantial increase in low earth orbit (LEO) airtime sales for Starlink and OneWeb, partly offset by weaker VSAT services. Product revenue grew 10% to $4.2 million, as higher OneWeb and Starlink equipment sales more than offset lower TracVision and VSAT Broadband demand.
The company moved from a net loss of $1.7 million in the first quarter of 2025 to net income of $0.6 million, or $0.03 per share, while non-GAAP adjusted EBITDA nearly tripled to $2.8 million. Operating expenses were flat at $9.7 million, and KVH completed the relocation of its Rhode Island operations to a new Bristol facility.
KVH Industries, Inc. is holding its 2026 annual stockholder meeting on June 10, 2026 at its Bristol, Rhode Island headquarters. Stockholders will vote on electing two Class III directors, an advisory "say on pay" approval of 2025 executive compensation, and ratification of Grant Thornton LLP as 2026 auditor.
The board recommends voting FOR all three proposals. Each share of common stock outstanding at the April 15, 2026 record date carries one vote, with 19,494,412 shares eligible. In 2025, CEO Brent Bruun received total compensation of $1,461,335, including a discretionary full target bonus despite only 33% of corporate performance goals being achieved.
KVH emphasizes governance features such as a largely independent board, an independent chair, majority voting for directors, annual say-on-pay votes, and double‑trigger change‑of‑control severance. Major holders include Black Diamond Capital Management at 18.0% and Bradley Radoff at 12.8% of outstanding shares.
KVH Industries executive Felise Feingold, SVP and General Counsel, reported an open-market sale of 1,594 shares of common stock on March 10, 2026 at $6.637 per share. A footnote states the shares were sold to pay taxes owed on a restricted stock award that partially vested on March 7, 2026. Following this tax-related sale, Feingold directly holds 69,654 shares of KVH Industries common stock.
KVH Industries CEO Brent C. Bruun reported an open-market sale of 2,049 shares of Common Stock on March 10, 2026 at an average price of $6.637 per share. According to the footnote, these shares were sold to pay taxes owed on a restricted stock grant that partially vested on March 7, 2026.
After this tax-related sale, Bruun directly holds 169,624 shares of KVH Industries common stock, indicating he retained the vast majority of his position. The filing also shows no remaining employee stock options, with the related option position reported at zero following this date.
KVH Industries describes a maritime connectivity business built around satellite, LEO and 5G/LTE services, with airtime contributing 82% of 2025 net sales and products 11%. The company is winding down in‑house manufacturing in Middletown, Rhode Island, aiming to cease substantially all production by the end of 2026 and rely on third‑party hardware.
KVH highlights strong competition from Starlink, Eutelsat OneWeb and traditional VSAT and TV rivals, which has driven lower hardware demand, inventory write‑downs and a planned strategic pivot to multi‑orbit, multi‑channel service bundles such as KVH ONE, TracNet and AgilePlans. It also details significant fixed airtime purchase commitments, including VSAT minimums that exceeded actual 2025 usage and a $45.0 million Starlink data block to be paid through early 2027, which could pressure margins if customer demand is insufficient.
KVH Industries reported stronger fourth quarter 2025 results, returning to profitability as service revenue drove growth. Q4 revenue rose to $30.5 million from $26.9 million a year earlier, with service revenue up 27% to $28.3 million, mainly from higher Starlink and OneWeb low earth orbit airtime sales.
Net income for the quarter was $0.3 million, or $0.02 per share, compared with a $4.3 million loss, while non-GAAP adjusted EBITDA increased to $3.1 million from $0.5 million. For 2025, revenue was $111.0 million, down 2%, and the company posted a $7.4 million net loss but maintained non-GAAP adjusted EBITDA of $8.1 million.
KVH closed an Asia-Pacific maritime satellite service acquisition, adding $3.4 million of intangible assets, $0.7 million of goodwill, and $2.5 million of Q4 service revenue. With positive free cash flow, cash of $69.9 million, and no debt, the board increased the share repurchase authorization from $10 million to $15 million.
KVH Industries CFO Anthony Pike reported a new stock option grant. He received non-qualified employee stock options for 50,000 shares of KVH Industries common stock at an exercise price of $6.00 per share under the company’s Amended & Restated 2016 Equity & Incentive Plan.
The options vest in four equal annual installments, with the first tranche scheduled to vest on March 5, 2027, if he remains employed by the company at each vesting date. After this filing, he directly holds 33,719 stock options and 18,200 shares of common stock.
KVH Industries senior vice president and general counsel Felise Feingold reported an award of 80,000 non-qualified employee stock options with a right to buy shares at $6.00 each under the company’s Amended & Restated 2016 Equity & Incentive Plan.
The options vest in four equal annual installments starting on March 5, 2027, contingent on continued employment at each vesting date. After these transactions, Feingold directly held 110,169 stock options and 71,248 shares of common stock.