KVH Industries Inc \de\ income statement
In fiscal 2025, KVH Industries Inc \de\ reported revenue of $111m, down 2.5% on the year before, operating income of −$11.2m (a -10.1% margin) and net income of −$7.4m, or −$0.38 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 89 | 112 | 113 | 137 | 162 | 173 | 185 | 176 | 160 | 153 | 158 | 159 | 134 | 139 | 132 | 114 | 111 | 125 |
| Research and development | 9 | 11 | 12 | 12 | 13 | 14 | 14 | 16 | 16 | 15 | 16 | 16 | 11 | 10 | 9 | 8 | 3 | 3 |
| Selling and marketing | 16 | 18 | 23 | 24 | 29 | 33 | 36 | 34 | 34 | 31 | 33 | 30 | 26 | 23 | 21 | 21 | 20 | 21 |
| General and administrative | 8 | 10 | 11 | 12 | 18 | 24 | 29 | 28 | 29 | 23 | 25 | 24 | 29 | 25 | 19 | 17 | 15 | 16 |
| Operating income | −1 | 6 | −1 | 7 | 6 | 2 | 3 | −1 | −9 | −11 | −21 | −23 | −20 | −6 | −17 | −12 | −11 | −9 |
| Interest expense | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | −0 |
| Income before tax | −0 | 6 | 0 | 7 | 7 | 1 | 3 | −2 | −10 | −11 | −20 | −22 | −12 | −3 | −15 | −11 | −8 | −6 |
| Income tax | −0 | −3 | −0 | 3 | 2 | 1 | 0 | 6 | 1 | 0 | −4 | 0 | −0 | 1 | 0 | 0 | −0 | 0 |
| Net income | −0 | 8 | 1 | 4 | 5 | 0 | 2 | −8 | −11 | −8 | 33 | −22 | −10 | 24 | −15 | −11 | −7 | −6 |
| Diluted EPS | −$0.01 | $0.56 | $0.06 | $0.24 | $0.30 | $0.00 | $0.14 | −$0.47 | −$0.67 | −$0.48 | $1.90 | −$1.24 | −$0.54 | $1.29 | −$0.81 | −$0.57 | −$0.38 | −$0.30 |
| Diluted shares (average) | 14m | 15m | 15m | 15m | 15m | 16m | 16m | 16m | 16m | 17m | 17m | 18m | 18m | 19m | 19m | 19m | 19m | 19m |
| EBITDA | 2 | 9 | 4 | 11 | 12 | 12 | 16 | 11 | 2 | 2 | −10 | −11 | −5 | 8 | −4 | 1 | −0 | 1 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29 | 27 | 25 | 27 | 28 | 31 | 32 | 34 |
| Research and development | 1 | 2 | 1 | 1 | 1 | 0 | 1 | 1 |
| Selling and marketing | 5 | 5 | 5 | 5 | 5 | 6 | 5 | 5 |
| General and administrative | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 |
| Operating income | −2 | −3 | −2 | −0 | −8 | −1 | −0 | −0 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | −0 | 0 |
| Income before tax | −1 | −4 | −2 | 1 | −7 | 0 | 1 | 0 |
| Income tax | 0 | 0 | 0 | 0 | 0 | −0 | 0 | 0 |
| Net income | −1 | −4 | −2 | 1 | −7 | 0 | 1 | 0 |
| Diluted EPS | −$0.06 | −$0.22 | −$0.09 | $0.05 | −$0.36 | $0.02 | $0.03 | $0.01 |
| EBITDA | 1 | −0 | 1 | 2 | −5 | 2 | 2 | 2 |
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