Growth & profitability
- Revenue has declined 7.2% per year over the past 5 years.
KVHI Financials KVH INDUSTRIES INC \DE\
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $111M | -$7M | 0.0% | -10.1% | -5.6% | -4.9% | $10M | — | $70M |
| 2024 | $114M | -$11M | 0.0% | -10.4% | -8.0% | -7.1% | -$21M | — | $51M |
| 2023 | $132M | -$15M | 0.0% | -13.1% | -10.5% | -8.9% | -$8M | — | $11M |
| 2022 | $139M | $24M | 0.0% | -4.1% | 15.2% | 12.2% | -$5M | — | $21M |
| 2021 | — | -$10M | — | — | -7.5% | -5.8% | -$16M | $0 | $11M |
| 2020 | — | -$22M | — | — | -16.6% | -12.0% | -$17M | $7M | $13M |
| 2019 | — | $33M | — | — | 22.2% | 16.7% | -$27M | $0 | $18M |
| 2018 | — | -$8M | — | — | -8.3% | -4.4% | -$11M | $29M | $15M |
| 2017 | — | -$11M | — | — | -10.4% | -5.6% | — | $47M | $35M |
| 2016 | — | -$8M | — | — | -7.1% | -3.8% | — | $58M | $26M |
| 2015 | — | $2M | — | — | 1.9% | 1.0% | — | $65M | $26M |
| 2014 | — | $41000 | — | — | 0.0% | 0.0% | — | $71M | $25M |
| 2013 | — | $5M | — | — | 3.9% | 2.5% | — | $38M | $9M |
| 2012 | — | $4M | — | — | 3.4% | 2.6% | — | $4M | $9M |
| 2011 | — | $860000 | — | — | 0.9% | 0.7% | — | $4M | $7M |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $34M | $163000 | 0.0% | -0.2% | 0.1% | 0.1% | $672000 | — | $58M |
| Mar '26 | $32M | $588000 | 0.0% | -0.4% | 0.4% | 0.4% | -$11M | — | $59M |
| Dec '25 | $31M | $331000 | 0.0% | -3.0% | 0.3% | 0.2% | $1M | — | $70M |
| Sep '25 | $28M | -$7M | 0.0% | -26.8% | -5.3% | -4.6% | $8M | — | $73M |
| Jun '25 | $27M | $930000 | 0.0% | -1.4% | 0.7% | 0.6% | $3M | — | $56M |
| Mar '25 | $25M | -$2M | 0.0% | -8.8% | -1.2% | -1.1% | -$2M | — | $49M |
| Dec '24 | $27M | -$4M | 0.0% | -11.9% | -3.1% | -2.8% | -$444000 | — | $51M |
| Sep '24 | $29M | -$1M | 0.0% | -6.9% | -0.8% | -0.7% | $419000 | — | $14M |
| Jun '24 | $29M | -$2M | 0.0% | -10.1% | -1.7% | -1.4% | -$17M | — | $10M |
| Mar '24 | $29M | -$3M | 0.0% | -13.0% | -2.2% | -1.9% | -$3M | — | $11M |
| Dec '23 | $31M | -$12M | 0.0% | -38.8% | -8.3% | -7.1% | $2M | — | $11M |
| Sep '23 | $33M | -$4M | 0.0% | -15.5% | -2.7% | -2.3% | -$2M | — | $11M |
| Jun '23 | $34M | $773000 | 0.0% | 0.5% | 0.5% | 0.4% | $952000 | — | $14M |
| Mar '23 | $34M | $367000 | 0.0% | -0.5% | 0.2% | 0.2% | -$9M | — | $12M |
| Dec '22 | $36M | $752000 | 0.0% | 1.5% | 0.5% | 0.4% | $7M | — | $21M |
| Sep '22 | $35M | $30M | 0.0% | -2.8% | 19.1% | 15.2% | -$1M | — | $14M |
| Jun '22 | $34M | -$2M | 0.0% | -3.0% | -1.2% | -0.9% | -$3M | — | $10M |
| Mar '22 | $33M | -$5M | 0.0% | -12.8% | -3.8% | -2.9% | -$8M | — | $8M |
| Dec '21 | — | -$4M | — | — | -3.1% | -2.4% | -$3M | $0 | $11M |
| Sep '21 | $34M | $4M | 0.0% | -10.3% | 3.0% | 2.4% | -$8M | $0 | $10M |
Valuation over time
How the market has priced KVHI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 8.6× (Mar '23) to 4.0× (Dec '23).
- The price-to-sales ratio has fallen from 1.5× (Mar '23) to 1.2× (Sep '26).
P/E
P/S
Frequently asked questions
Is KVHI growing its revenue and profit?
Over the past 5 years, KVH INDUSTRIES INC \DE\'s revenue has declined 7.2% per year. These are computed facts, not advice.
How much debt does KVHI have?
As of FY2025, KVH INDUSTRIES INC \DE\ reported — of total debt against $70M of cash.
What is KVHI's profit margin?
In FY2025, gross margin was —, operating margin -10.1%, and net margin -6.7%.
What is KVHI's P/E ratio?
As of Sep '26, KVH INDUSTRIES INC \DE\ traded at a price-to-earnings ratio of about 4.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.