Every 10-Q that KVH Industries Inc (KVHI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KVHI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KVHI filings page.
KVH Industries, Inc. reported net sales of $33.7 million for the quarter ended June 30 2026, up 27% from a year earlier, with service revenue of $29.7 million and product revenue of $4.0 million. Quarterly net income was $0.2 million, or $0.01 per diluted share. For the first six months, net sales were $66.0 million and net income was $0.8 million, or $0.04 per diluted share.
Service sales, mainly satellite airtime, represented about 88% of quarterly revenue. Low Earth Orbit offerings such as Starlink and Eutelsat OneWeb generated over half of airtime sales while legacy VSAT services declined. Cost of product sales was 107% of product revenue, reflecting higher manufacturing and other unabsorbed expenses during a staged wind-down of in-house hardware production.
At June 30 2026, cash and cash equivalents were $57.7 million and stockholders’ equity was $130.4 million. Operating activities used $6.4 million of cash in the first half, driven largely by a $22.0 million prepayment for Starlink Global Priority data under a $45.0 million bulk data purchase agreement. KVH also repurchased 288 thousand shares for approximately $2.5 million under its expanded $15.0 million share buyback program.
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 (KVHI) reported Q3 2025 results. Net sales were $28,453 thousand, with service revenue of $25,388 thousand and product revenue of $3,065 thousand. The company posted a net loss of $6,934 thousand, or $0.36 per share, as costs rose.
Product costs included a $5,510 thousand inventory write-down tied to reduced demand and lower pricing on certain TracNet H‑series terminals. Cash and cash equivalents were $72,804 thousand as of September 30, 2025. For the nine months, operating activities provided $13,715 thousand, supported by working capital improvements and asset sales.
The quarter reflects the ongoing shift toward LEO offerings; Starlink products and services were the fastest growing in Q3, and OneWeb maritime service launched in January 2025. The staged wind-down of Middletown manufacturing continues, targeting cessation by end of 2026. After quarter-end, KVH bought Asia-Pacific customer and vendor agreements for $3.1 million in cash and related inventory for $0.6 million on October 8, 2025.
KVH Industries, Inc. (KVHI) Q2 2025 highlights: Net sales for the three months ended June 30, 2025 were $26.6 million versus $28.7 million in Q2 2024; six-month net sales were $52.0 million versus $57.9 million in the prior year period. The company reported net income of $0.93 million in Q2 2025 and basic/diluted EPS of $0.05, while the six-month period showed a loss of $0.78 million (basic EPS $(0.04)).
Balance sheet and cash flow: cash and cash equivalents totaled $55.9 million at June 30, 2025. Net cash provided by operating activities was $3.8 million for the six months ended June 30, 2025 versus cash used of $15.5 million prior-year. The company recognized a $1.3 million gain on sale of 50 Enterprise Center in June 2025. Strategic items: a staged wind-down of Middletown manufacturing continues (expected substantially complete by end of 2026) and a $10 million share repurchase program was authorized December 9, 2024 (approximately $1.256 million repurchased YTD). Service revenue remained ~79% of net sales and 78% of sales were international; Singapore represented ~21% of net sales in Q2 2025.