KVH Industries, Inc. (KVHI)

KVH Industries Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	107.41	113.83	132.38	138.75	133.91	158.73
Revenue Growth (YoY)	-9.26%	-14.01%	-4.59%	3.61%	-15.64%	0.53%
Cost of Revenue	80.89	77.71	94.51	86.25	88.09	101.13
Gross Profit	26.51	36.12	37.87	52.5	45.82	57.61
Selling, General & Admin	33.82	36.03	39.82	47.85	54.35	54.26
Research & Development	4.24	7.04	9.4	10.37	11.07	15.8
Operating Expenses	38.06	43.07	49.22	58.22	65.42	70.06
Operating Income	-11.55	-6.95	-11.36	-5.73	-19.6	-12.45
Interest Expense	-	-0	-0	-0	-0.06	-0.02
Interest & Investment Income	2.45	3.04	3.65	1.51	0.89	1
Currency Exchange Gain (Loss)	-0.32	-0.49	-0.03	0.52	-0	-0.05
Other Non Operating Income (Expenses)	0.63	-0.39	-0.67	-0.43	0.14	0.24
EBT Excluding Unusual Items	-8.78	-4.79	-8.41	-4.13	-18.63	-11.28
Merger & Restructuring Charges	-1.9	-3.8	-	-	-	-
Impairment of Goodwill	-	-	-5.33	-	-	-8.73
Gain (Loss) on Sale of Assets	-0.9	-0.9	-0.7	0.68	-	-
Asset Writedown	-	-1.14	-0.66	-	-	-1.76
Other Unusual Items	-	-	-	-	6.98	-
Pretax Income	-11.58	-10.63	-15.1	-3.45	-11.65	-21.77
Income Tax Expense	0.44	0.42	0.32	0.55	-0.11	0.17
Earnings From Continuing Operations	-12.02	-11.05	-15.42	-4	-11.55	-21.94
Earnings From Discontinued Operations	-	-	-	28.03	1.78	-
Net Income	-12.02	-11.05	-15.42	24.03	-9.76	-21.94
Net Income to Common	-12.02	-11.05	-15.42	24.03	-9.76	-21.94
Shares Outstanding (Basic)	19	19	19	19	18	18
Shares Outstanding (Diluted)	19	19	19	19	18	18
Shares Change (YoY)	0.46%	1.35%	2.67%	2.28%	3.10%	1.20%
EPS (Basic)	-0.62	-0.57	-0.81	1.29	-0.54	-1.24
EPS (Diluted)	-0.62	-0.57	-0.81	1.29	-0.54	-1.24
Free Cash Flow	8.26	-20.59	-8.1	-5.5	-15.83	-17.15
Free Cash Flow Per Share	0.42	-1.06	-0.42	-0.29	-0.87	-0.97
Gross Margin	24.69%	31.73%	28.61%	37.84%	34.22%	36.29%
Operating Margin	-10.75%	-6.10%	-8.58%	-4.13%	-14.63%	-7.84%
Profit Margin	-11.20%	-9.71%	-11.65%	17.32%	-7.29%	-13.82%
Free Cash Flow Margin	7.69%	-18.09%	-6.12%	-3.96%	-11.82%	-10.80%
EBITDA	-0.38	6.35	2.08	7.68	-6.56	-0.78
EBITDA Margin	-0.35%	5.58%	1.57%	5.54%	-4.90%	-0.49%
D&A For EBITDA	11.17	13.3	13.44	13.41	13.03	11.66
EBIT	-11.55	-6.95	-11.36	-5.73	-19.6	-12.45
EBIT Margin	-10.75%	-6.10%	-8.58%	-4.13%	-14.63%	-7.84%
Revenue as Reported	107.41	113.83	132.38	138.75	133.91	158.73
Advertising Expenses	-	0.49	0.58	0.48	0.92	1.29

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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