KVH Industries
Delivers multi-orbit connectivity and managed services for maritime and mobile customers.
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Profile
Provides multi-orbit connectivity, airtime, content, and network-management services for maritime and mobile customers. The service-led portfolio combines TracNet, TracPhone, TracVision, KVH ONE OpenNet, AgilePlans, and KVH Link while moving from in-house manufacturing to a hardware-agnostic model that increasingly relies on third-party hardware.
Delivers TracNet, TracPhone, and TracVision alongside integrated connectivity and IT solutions for commercial and leisure vessels, land-mobility users, and commercial applications. These offers use multi-orbit, multi-channel hybrid connectivity. They serve maritime and mobile markets.
KVH ONE OpenNet extends the offer to non-KVH antennas, while AgilePlans Connectivity as a Service and KVH Link add connectivity services and crew-wellbeing content. Dealers, distributors, and service providers support delivery.
Manufacturing activities are being wound down as the business moves from in-house hardware toward hardware-agnostic integrated solutions. The model increasingly relies on compatible third-party hardware.
Company facts
Key statistics
Year to date +6.1% · Average volume (30d) 173.7K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.04 | $0.03 | −25.0% | $33.7M | $33.7M | +0.1% | −14.71% |
| May 6, 2026Q1 FY26 | −$0.02 | $0.04 | +300.0% | $30.6M | $32.3M | +5.8% | −2.76% |
| Mar 10, 2026Q4 FY25 | $0.02 | $0.05 | +150.0% | $29.3M | $30.5M | +4.0% | −0.74% |
| Nov 6, 2025Q3 FY25 | $0.01 | −$0.12 | −1,300.0% | $29.3M | $28.5M | −3.0% | −2.30% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $25.4M | $26.6M | $28.5M | $30.5M | $32.3M | $33.7M | |
| Gross profit | $7.4M | $9.1M | $1.9M | $9.0M | $9.6M | $10.1M | |
| Operating income | −$2.2M | −$370.0K | −$7.6M | −$927.0K | −$118.0K | −$76.0K | |
| Net income | −$1.7M | $930.0K | −$6.9M | $331.0K | $588.0K | $163.0K | |
| Diluted EPS | −$0.09 | $0.05 | −$0.36 | $0.02 | $0.03 | $0.01 | |
| Gross margin | 29.3% | 34.3% | 6.7% | 29.5% | 29.6% | 30.0% | |
| Operating margin | -8.8% | -1.4% | -26.8% | -3.0% | -0.4% | -0.2% |
Fiscal years (4-quarter sums)FY21 $163.2M · FY22 $138.9M · FY23 $131.9M · FY24 $113.8M · FY25 $111.0M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $57.7M · Total debt $4.7M · Total assets $151.0M · Shareholders' equity $130.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 19.50M · Float 12.67M · 65.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Stephen H. Deckoff · director, 10 percent owner: | 3.51M | 17.99% | Form 4 | Aug 24, 2026 |
| Black Diamond Capital Management I, LLLP | 3.50M | 17.96% | 13F | May 15, 2026 |
| BDCM CT, L.L.C. | 3.41M | 17.60% | 13D | Aug 26, 2025 |
| Radoff Bradley Louis · 10 percent owner | 2.47M | 12.67% | Form 4 | May 29, 2026 |
| Systematic Financial Management LP | 906.2K | 4.65% | 13F | May 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 10, 2026 | Brent C. Bruun | director, officer: CEO | −2,230 | $7.60 |
| Jun 10, 2026 | Felise Feingold | officer: SVP General Counsel | −1,862 | $7.60 |
| May 27, 2026 | Bradley Louis Radoff | 10 percent owner | −35,000 | $11.20 |
| Mar 10, 2026 | Brent C. Bruun | director, officer: CEO | −2,049 | $6.64 |
| Mar 10, 2026 | Felise Feingold | officer: SVP General Counsel | −1,594 | $6.64 |
Peers
- Viasat
Maritime broadband and managed multi-orbit connectivity
- Iridium Communications
Global voice and data satellite services for maritime users
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| KVH Industries | $7.52 | +0.27% | $146.6M | — | 20.8 | 1.2 | +26.7% |
| Viasat | $67.99 | +0.95% | $9.28B | — | — | 2.0 | −1.2% |
| Iridium Communications | $46.50 | −0.24% | $4.94B | 53.0 | 40.7 | 5.6 | +3.8% |
| Median | 53.0 | 40.7 | 3.8 | +1.3% |




