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Companies / Communication Services / KVH Industries Inc.
KVHI

KVH Industries Inc.

Ticker KVHIBRISTOL, RIFiscal year ends DecemberBook value per share $6.23Diluted shares 19.2M

KVH Industries (Nasdaq: KVHI) provides connectivity, communications hardware and licensed media content primarily to commercial and leisure maritime customers. Its services include satellite, cellular and shore-based Wi-Fi Internet and voice connectivity, network management and cybersecurity tools, vessel tracking,… From the company’s description.

Over the twelve months to Sep 30, 2026, KVH Industries Inc. reported revenue of $135.01M, up 25.7% from a year earlier, and net income of $0.48M. Its operating margin was −1.8%, and operations generated $1.85M in cash. In fiscal 2025, it reported revenue of $111.01M, down 2.5% from fiscal 2024, and a net loss of $7.38M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$111.01MFY2025
−2.5% year over year
Last 12 mo $135.01M
-10.06%FY2025
+0.4 percentage points
Last 12 mo -1.75%
$-7.38MFY2025
+33.2% year over year
Last 12 mo $0.48M
-5.64%FY2025
+1.5 percentage points
Last 12 mo 0.40%
Cash & financing
$17.11MFY2025
+229.9% year over year
Last 12 mo $1.85M
$9.75MFY2025
+147.4% year over year
Last 12 mo $-5.81M
—
19.4MFY2025
No change, year over year
Last 12 mo 19.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What KVH Industries Inc. does

In the company’s own words

KVH Industries (Nasdaq: KVHI) provides connectivity, communications hardware and licensed media content primarily to commercial and leisure maritime customers. Its services include satellite, cellular and shore-based Wi-Fi Internet and voice connectivity, network management and cybersecurity tools, vessel tracking, crew Internet and entertainment. KVH operates through airtime, content and product activities: airtime services accounted for 82% of 2025 net sales, content services 4% and product sales 11%. The KVH ONE brand covers its hybrid connectivity network, while TracNet offers hybrid communications terminals and TracVision provides mobile satellite television systems. Other brands include KVH Link for crew content and AgilePlans, a connectivity-as-a-service subscription combining hardware, installation, support and airtime. KVH Media Group distributes licensed films, television, news and music to commercial ships. The company is winding down substantially all manufacturing by the end of 2026 and plans to rely increasingly on third-party hardware. KVH had 300 team members at December 31, 2025. Its website is www.kvh.com.

Company details
Sector
Communication Services
Industry (SIC)
Communications
Headquarters
BRISTOL, RI
Fiscal year end
December
CIK
1007587
SIC
4899

Financial performance, year by year

Fiscal 2011–2025 · USD
$-42.60M$19.37M$81.35M$143.32M$205.29M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns KVH Industries Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

83
funds hold it
0 of 35
superinvestors hold it
$32.90M
held by funds, at market
18.9%
of shares held by funds

Largest fund holders · KVH Industries Inc.’s weight in each

Tema Space Innovators ETF
NASA · Tema ETF Trust
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Needham Aggressive Growth Fund
NEAGX · Needham Funds Inc
0.11%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.00%of fund net assets
First Eagle Small Cap Opportunity Fund
FESRX · First Eagle Funds
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do KVH Industries Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of KVH Industries Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in KVH Industries Inc.'s last four quarterly filings that the numbers alone won't show?”
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