KVH Industries Inc \de\ balance sheet

At the end of fiscal 2025, KVH Industries Inc \de\ had total assets of $152m, total liabilities of $20.5m and shareholders' equity of $131m. It held $69.9m in cash against $0 of debt: net cash of $69.9m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

KVH Industries Inc \de\: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	6	7	7	9	9	25	26	26	35	15	18	13	11	21	11	51	70	58
Receivables	—	19	26	28	28	40	44	31	28	29	33	34	28	27	26	22	25	29
Inventory	—	15	19	16	18	17	22	21	23	23	23	25	16	23	19	23	15	12
Total current assets	—	75	79	87	108	113	115	109	98	78	109	101	88	130	119	123	118	118
Goodwill	—	5	4	5	18	40	37	31	34	15	15	7	7	5	0	0	1	1
Total assets	—	115	129	138	184	236	226	200	206	188	199	184	169	196	173	155	152	151
Accounts payable	—	4	6	7	9	12	9	8	16	17	15	11	10	20	5	4	4	7
Deferred revenue (current)	—	1	3	2	5	8	6	7	11	8	4	4	2	1	2	1	1	1
Total current liabilities	—	14	19	21	29	48	44	40	43	56	38	41	34	37	25	16	17	17
Short-term debt	—	0	0	0	1	6	7	8	2	10	0	5	0	—	—	—	—	—
Long-term debt	—	4	4	3	37	65	58	50	45	19	0	2	0	—	—	—	—	—
Total debt	0	4	9	7	38	71	65	58	47	30	0	7	0	0	0	0	0	0
Total liabilities	—	19	32	32	67	119	108	93	103	88	49	52	40	38	25	16	21	21
Shareholders' equity	82	96	97	106	116	117	118	107	103	100	150	132	131	158	147	139	131	130
Net debt (negative = net cash)	−6	−3	2	−2	29	46	38	32	12	14	−18	−6	−11	−21	−11	−51	−70	−58
Shares outstanding	—	15m	15m	15m	15m	15m	16m	17m	17m	18m	18m	18m	19m	19m	20m	20m	20m	19m

US$ millions unless shown otherwise. Fiscal quarters.

KVH Industries Inc \de\: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	25	22	23	25	24	25	29	29
Inventory	25	23	22	20	13	15	13	12
Total current assets	132	123	122	123	120	118	121	118
Goodwill	—	0	—	—	—	1	1	1
Total assets	167	155	151	152	150	152	155	151
Accounts payable	10	4	3	3	4	4	9	7
Deferred revenue (current)	2	1	2	1	1	1	2	1
Total current liabilities	24	16	13	13	15	17	19	17
Total liabilities	24	16	14	14	19	21	23	21
Shareholders' equity	143	139	138	138	131	131	132	130
Shares outstanding	20m	20m	20m	20m	20m	20m	19m	19m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from KVH Industries Inc \de\'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to KVH Industries Inc \de\.