Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-10.1%Operating margin4
-6.7%Net margin4
-2.5%Revenue growth, 20254
-5.6%Return on equity4
$9.8MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Service brought in 89% of the revenue KVH INDUSTRIES INC \DE\ broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Service | $96.4M | $98.4M |
| Product | $17.4M | $12.6M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development3¢$3.5M
- Other costs97¢$107.4M
- Income tax0¢$131.0K
Out of $111.0M in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending43¢$7.4M
- Share buybacks10¢$1.7M
- Kept or used elsewhere47¢$8.0M
Out of $17.1M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net sales | $111.0M | $113.8M |
| Research and development | $3.5M | $8.4M |
| Sales, marketing and support | $20.4M | $21.0M |
| General and administrative | $15.3M | $16.5M |
| Long-lived assets impairment charge | $0 | $1.1M |
| Total costs and expenses | $122.2M | $125.7M |
| Loss from operations | -$11.2M | -$11.9M |
| Interest income | $2.6M | $3.0M |
| Interest expense | $0 | $2.0K |
| Other income (expense), net | $1.1M | -$1.8M |
| Loss before income tax (benefit) expense | -$7.5M | -$10.6M |
| Income tax (benefit) expense | -$131.0K | $421.0K |
| Net loss | -$7.4M | -$11.0M |
| Basic (in dollars per share) | -$0.38 | -$0.57 |
| Diluted (in dollars per share) | -$0.38 | -$0.57 |
| Basic (in shares) | 19.4M shares | 19.4M shares |
| Diluted (in shares) | 19.4M shares | 19.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $69.9M | $50.6M | |
| Accounts receivable, net of allowance for credit losses of $712 and $1,006 as of December 31, 2025 & December 31, 2024, respectively | $25.0M | $21.6M | |
| Inventories | $14.9M | $23.0M | |
| Prepaid expenses and other current assets | $8.0M | $16.0M | |
| Current assets held for sale | $0 | $11.4M | |
| Total current assets | $117.8M | $122.6M | |
| Property and equipment, net | $22.0M | $27.0M | |
| Intangible assets, net | $3.7M | $828.0K | |
| Goodwill | $732.0K | $0 | |
| Right of use assets | $4.4M | $1.4M | |
| Other non-current assets | $2.2M | $3.1M | |
| Deferred income tax asset | $602.0K | $157.0K | |
| Total assets | $151.5M | $155.1M | |
| Accounts payable | $4.5M | $4.3M | |
| Accrued airtime | $1.5M | $745.0K | |
| Accrued compensation and employee-related expenses | $5.2M | $4.7M | |
| Accrued loss on future firm purchase commitments | $0 | $919.0K | |
| Accrued other | $2.4M | $2.1M | |
| Accrued product warranty costs | $644.0K | $607.0K | |
| Deferred revenue | $1.2M | $1.0M | |
| Current operating lease liability | $547.0K | $660.0K | |
| Liability for uncertain tax positions | $793.0K | $724.0K | |
| Total current liabilities | $16.7M | $15.9M | |
| Long-term operating lease liability | $3.8M | $569.0K | |
| Deferred income tax liability | $5.0K | $15.0K | |
| Total liabilities | $20.5M | $16.5M | |
| Preferred stock, $0.01 par value. Authorized 1,000,000 shares; none issued | $0 | $0 | |
| Common stock, $0.01 par value. Authorized 30,000,000 shares, 21,294,655 and 21,240,525 shares issued at December 31, 2025 and December 31, 2024, respectively; and 19,511,836 and 19,784,416 shares outstanding at December 31, 2025 and December 31, 2024, respectively | $213.0K | $212.0K | |
| Additional paid-in capital | $168.9M | $167.3M | |
| Accumulated deficit | -$20.1M | -$12.8M | |
| Accumulated other comprehensive loss | -$4.2M | -$4.0M | |
| Total stockholders equity before treasury stock adjustment | $144.8M | $150.7M | |
| Less: treasury stock at cost, common stock, 1,782,819 and 1,456,109 shares as of December 31, 2025 and December 31, 2024, respectively | -$13.8M | -$12.1M | |
| Total stockholders equity | $131.0M | $138.6M | $147.4M |
| Total liabilities and stockholders equity | $151.5M | $155.1M | |
| Allowance for doubtful accounts | $712.0K | $1.0M | |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in shares) | 30.0M shares | 30.0M shares | |
| Common stock, shares issued (in shares) | 21.3M shares | 21.2M shares | |
| Common stock, shares outstanding (in shares) | 19.5M shares | 19.8M shares | |
| Treasury stock at cost, outstanding (in shares) | 1.8M shares | 1.5M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $69.9M | $50.6M | |
| Accounts receivable, net of allowance for credit losses of $712 and $1,006 as of December 31, 2025 & December 31, 2024, respectively | $25.0M | $21.6M | |
| Inventories | $14.9M | $23.0M | |
| Prepaid expenses and other current assets | $8.0M | $16.0M | |
| Current assets held for sale | $0 | $11.4M | |
| Total current assets | $117.8M | $122.6M | |
| Property and equipment, net | $22.0M | $27.0M | |
| Intangible assets, net | $3.7M | $828.0K | |
| Goodwill | $732.0K | $0 | |
| Right of use assets | $4.4M | $1.4M | |
| Other non-current assets | $2.2M | $3.1M | |
| Deferred income tax asset | $602.0K | $157.0K | |
| Total assets | $151.5M | $155.1M | |
| Accounts payable | $4.5M | $4.3M | |
| Accrued airtime | $1.5M | $745.0K | |
| Accrued compensation and employee-related expenses | $5.2M | $4.7M | |
| Accrued loss on future firm purchase commitments | $0 | $919.0K | |
| Accrued other | $2.4M | $2.1M | |
| Accrued product warranty costs | $644.0K | $607.0K | |
| Deferred revenue | $1.2M | $1.0M | |
| Current operating lease liability | $547.0K | $660.0K | |
| Liability for uncertain tax positions | $793.0K | $724.0K | |
| Total current liabilities | $16.7M | $15.9M | |
| Long-term operating lease liability | $3.8M | $569.0K | |
| Deferred income tax liability | $5.0K | $15.0K | |
| Total liabilities | $20.5M | $16.5M | |
| Preferred stock, $0.01 par value. Authorized 1,000,000 shares; none issued | $0 | $0 | |
| Common stock, $0.01 par value. Authorized 30,000,000 shares, 21,294,655 and 21,240,525 shares issued at December 31, 2025 and December 31, 2024, respectively; and 19,511,836 and 19,784,416 shares outstanding at December 31, 2025 and December 31, 2024, respectively | $213.0K | $212.0K | |
| Additional paid-in capital | $168.9M | $167.3M | |
| Accumulated deficit | -$20.1M | -$12.8M | |
| Accumulated other comprehensive loss | -$4.2M | -$4.0M | |
| Total stockholders equity before treasury stock adjustment | $144.8M | $150.7M | |
| Less: treasury stock at cost, common stock, 1,782,819 and 1,456,109 shares as of December 31, 2025 and December 31, 2024, respectively | -$13.8M | -$12.1M | |
| Total stockholders equity | $131.0M | $138.6M | $147.4M |
| Total liabilities and stockholders equity | $151.5M | $155.1M | |
| Allowance for doubtful accounts | $712.0K | $1.0M | |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in shares) | 30.0M shares | 30.0M shares | |
| Common stock, shares issued (in shares) | 21.3M shares | 21.2M shares | |
| Common stock, shares outstanding (in shares) | 19.5M shares | 19.8M shares | |
| Treasury stock at cost, outstanding (in shares) | 1.8M shares | 1.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$7.4M | -$11.0M |
| Provision for credit losses | -$45.0K | $217.0K |
| Depreciation and amortization | $10.7M | $13.3M |
| Impairment charge to goodwill and long-lived assets | $0 | $1.1M |
| Deferred income taxes | -$455.0K | $113.0K |
| Stock-based compensation | $1.6M | $2.0M |
| Unrealized currency translation (gain) loss | -$101.0K | $188.0K |
| Accounts receivable | -$4.3M | $3.8M |
| Inventories | $8.7M | -$3.9M |
| Prepaid expenses and other current assets | $8.1M | -$11.7M |
| Other non-current assets | $1.0M | $333.0K |
| Accounts payable | $176.0K | -$446.0K |
| Deferred revenue | $42.0K | -$728.0K |
| Accrued compensation, product warranty and other | $453.0K | -$7.7M |
| Net cash provided by (used in) operating activities | $17.1M | -$13.2M |
| Capital expenditures | -$7.4M | -$7.4M |
| Cash paid for acquisition of intangible assets | -$34.0K | -$74.0K |
| Cash paid for business combination | -$3.8M | $0 |
| Purchases of marketable securities | $0 | -$2.0M |
| Maturities and sales of marketable securities | $0 | $60.5M |
| Net cash provided by investing activities | $3.9M | $52.4M |
| Proceeds from stock options exercised and employee stock purchase plan | $50.0K | $110.0K |
| Repurchase of treasury stock | -$1.7M | $0 |
| Net cash (used in) provided by financing activities | -$1.7M | $110.0K |
| Effect of exchange rate changes on cash and cash equivalents | $35.0K | -$51.0K |
| Net increase in cash and cash equivalents | $19.3M | $39.3M |
| Settlement of certain receivables for a business combination | $945.0K | $0 |
| Changes in accrued other and accounts payable related to property and equipment additions | $35.0K | $5.0K |
| Right of use assets (ROU) assets arising from entering into new operating lease obligations | $3.8M | $1.1M |
No quarter-by-quarter statement was filed.
Corporate structure
KVH INDUSTRIES INC \DE\ sits at the top of its group. 9 entities, 7 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of KVH INDUSTRIES INC \DE\
- SYSTEMATIC FINANCIAL MANAGEMENT LP Filed SCHEDULE 13G/A on KVH INDUSTRIES INC \DE\, latest Aug 14, 2026 (7 filings since Feb 10, 2022)
- JEC II Associates, LLC Filed SCHEDULE 13G/A on KVH INDUSTRIES INC \DE\, latest Aug 11, 2026 (3 filings since Aug 27, 2024)
- BDCM CT, L.L.C. Filed SCHEDULE 13D/A on KVH INDUSTRIES INC \DE\, latest Aug 26, 2025 (5 filings since Feb 14, 2022)
- NEEDHAM INVESTMENT MANAGEMENT LLC Filed SCHEDULE 13G/A on KVH INDUSTRIES INC \DE\, latest Aug 13, 2025 (5 filings since Feb 14, 2022)
- DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on KVH INDUSTRIES INC \DE\, latest Apr 15, 2025 (4 filings since Feb 8, 2022)
- Radoff Bradley Louis Filed SC 13G/A on KVH INDUSTRIES INC \DE\, latest Aug 5, 2024 (2 filings since Mar 20, 2024)
- BlackRock Filed SC 13G/A on KVH INDUSTRIES INC \DE\, latest Jul 8, 2024 (4 filings since Feb 1, 2022)
- KVH INDUSTRIES INC \DE\ Bristol, Rhode Island
- KVH Industries A/S Subsidiary · Denmark
- KVH Industries Brasil Comunicacao Por Satelite Ltda. Subsidiary · Brazil
- KVH Industries Japan Co. Ltd. Subsidiary · Japan
- KVH Industries Norway AS Subsidiary · Norway
- KVH Media Group Communication Ltd. Subsidiary · United Kingdom
- KVH Media Group India Private Ltd Subsidiary · India
- KVH Media Group International Ltd. Subsidiary · United Kingdom
- KVH Media Group Ltd. Subsidiary · United Kingdom
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What KVH INDUSTRIES INC \DE\ reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $69.3M4 Dec 31, 2025 | $78.3M4 Dec 31, 2024 | −11.5% |
| Accumulated depreciation | $47.3M4 Dec 31, 2025 | $51.3M4 Dec 31, 2024 | −7.9% |
| Property and equipment, net | $22.0M4 Dec 31, 2025 | $27.0M4 Dec 31, 2024 | −18.4% |
| Operating-lease assets (leased space) | $4.4M4 Dec 31, 2025 | $1.4M4 Dec 31, 2024 | +222.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $69.9M4 Dec 31, 2025 | $50.6M4 Dec 31, 2024 | +38.2% |
| Marketable securities, current | $09 Dec 31, 2024 | $58.5M9 Dec 31, 2023 | −100.0% |
| Debt securities available for sale | $09 Dec 31, 2024 | $58.5M9 Dec 31, 2023 | −100.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $732.0K4 Dec 31, 2025 | $04 Dec 31, 2024 | |
| Intangible assets, net (excluding goodwill) | $3.7M4 Dec 31, 2025 | $828.0K4 Dec 31, 2024 | +348.9% |
| Finite-lived intangibles, gross | $7.0M4 Dec 31, 2025 | $3.6M4 Dec 31, 2024 | +95.1% |
| Accumulated amortization | $3.3M4 Dec 31, 2025 | $2.8M4 Dec 31, 2024 | +18.8% |
| Finite-lived intangibles, net | $3.7M4 Dec 31, 2025 | $828.0K4 Dec 31, 2024 | +348.9% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $14.9M4 Dec 31, 2025 | $23.0M4 Dec 31, 2024 | −35.3% |
| Raw materials | $6.5M4 Dec 31, 2025 | $15.4M4 Dec 31, 2024 | −58.0% |
| Work in process | $2.3M4 Dec 31, 2025 | $2.5M4 Dec 31, 2024 | −8.3% |
| Finished goods | $6.1M4 Dec 31, 2025 | $5.1M4 Dec 31, 2024 | +20.3% |
Properties, in its own words
We are currently headquartered in Middletown, Rhode Island. On July 23, 2025, we entered into a new seven-year lease agreement for approximately 32,000 square feet of office and warehouse space in Bristol, Rhode Island. We currently plan to migrate our Rhode Island operations to this leased facility in the spring of 2026.
The following table provides information about our principal facilities as of December 31, 2025.
The rest of Item 2
Location · Type · Principal Uses · ApproximateSquareFootage · Ownership · LeaseExpiration
Middletown, Rhode Island · Office, plant and warehouse · Corporate headquarters, research and development, sales and service, marketing, administration, manufacturing and warehousing · 75,300 · Leased · March 31, 2026
Item 2 of the 10-K filed Mar 10, 2026.12
Leadership
Who has led KVH INDUSTRIES INC \DE\, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerBrent C. Bruun Mar 15, 2022 to now13
- PresidentBrent C. Bruun Mar 9, 2023 to Feb 21, 202414
- Chief financial officerAnthony Pike Feb 13, 2025 to now15
- Chief financial officerBrent C. Bruun Jan 21, 2021 to Feb 16, 202116
- Chief financial officerRoger Kuebel Mar 24, 2021 to Mar 13, 202417
- Chief financial officerDonald W. Reilly Dec 27, 2016 to Aug 4, 202018
- Chief financial officerPeter Rendall Oct 16, 2012 to Mar 14, 201619
- Chief financial officerPatrick Spratt Jan 4, 2006 to Mar 14, 201220
- Chief operating officerRobert J. Balog Jan 22, 2024 to Apr 4, 202421
- Chief operating officerBrent C. Bruun Dec 15, 2016 to Feb 11, 202222
Board members and other officers (26)
- CFO_RetiredDonald W. Reilly Jan 26, 2021 to Jan 26, 202123
- EVP, Mobile ConnectivityMark Woodhead Nov 26, 2018 to Jun 9, 202124
- Chief Acct Officer/ControllerJennifer Louise Baker Jun 1, 2017 to Aug 5, 202225
- Chief Marketing Officer/SVPElizabeth Jackson Nov 28, 2017 to Feb 16, 202226
- VP Bus DevelopmentBrent C. Bruun Aug 6, 2008 to Mar 14, 201627
- Vice President, MarketingJames S. Dodez Jan 4, 2006 to Mar 13, 201528
- VP Business DevelopmentDaniel R. Conway Jan 27, 2006 to Jun 10, 202229
- EVP Satellite SalesIan C. Palmer Jan 27, 2006 to Mar 4, 200830
- VP Engineering (Defense)Kaylan Ganesan Jan 27, 2006 to Mar 4, 200831
- VP Engineering (Satellite)Robert J. Balog Jan 27, 2006 to Mar 9, 202332
- Vice PresidentVan Heyningen Robert Wb Kits Jan 27, 2006 to Mar 19, 201833
- Board memberJoseph Anthony Spytek Aug 28, 2025 to now34
- Board memberStephen H. Deckoff Aug 10, 2023 to now35
- Board memberDavid B. Kagan Jul 5, 2022 to now36
- Board memberDavid Tolley Jul 5, 2022 to now37
- Board memberBrent C. Bruun Oct 13, 2022 to now38
- Board memberCathy-Ann Martine-Dolecki Aug 5, 2021 to Jan 22, 202439
- Board memberCielo Hernandez Aug 5, 2021 to Jan 22, 202440
- Board memberRobert Tavares Apr 16, 2020 to Feb 11, 202241
- Board memberDanelle Marie Barrett Jun 15, 2020 to Feb 11, 202242
- Board memberJames S. Dodez Jun 9, 2017 to Jan 31, 202343
- Board memberBruce J. Ryan Jan 27, 2006 to Jan 6, 202044
- Board memberCharles Robert Trimble Jan 27, 2006 to Feb 13, 202545
- Board memberStanley K. Honey Jan 27, 2006 to Jan 26, 202146
- Board memberVan Heyningen Robert Wb Kits Jan 27, 2006 to Mar 19, 201833
- General counselFelise Feingold Aug 15, 2008 to now47
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- KVH Industries A/S Denmark3
- KVH Industries Brasil Comunicacao Por Satelite Ltda. Brazil3
- KVH Industries Japan Co. Ltd. Japan3
- KVH Industries Norway AS Norway3
- KVH Industries Pte. Ltd. Singapore3
- KVH Media Group Communication Ltd. United Kingdom3
- KVH Media Group India Private Ltd India3
- KVH Media Group International Ltd. United Kingdom3
- KVH Media Group Ltd. United Kingdom3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 6, 20268-K Results of operations48
- Jun 12, 20268-K Shareholder vote49
- May 6, 20268-K Results of operations50
- Mar 10, 20268-K Results of operations51
- Nov 6, 20258-K Results of operations52
- Oct 14, 20258-K Other events53
- Aug 7, 20258-K Results of operations54
- Jun 6, 20258-K Shareholder vote55
- May 7, 20258-K Results of operations56
- Mar 6, 20258-K Results of operations57
- Dec 10, 20248-K Entered a material agreement; Other events58
- Nov 7, 20248-K Results of operations59
- Mar 15, 2022New chief executive Brent C. Bruun becomes CEO13
Calendar
Coming up
- Nov 5, 2026Reports results for the quarter ending Sep/202660
When it reported results
- Aug 6, 2026Reported quarterly or annual results48
- May 6, 2026Reported quarterly or annual results50
- Mar 10, 2026Reported quarterly or annual results51
- Nov 6, 2025Reported quarterly or annual results52
- Aug 7, 2025Reported quarterly or annual results54
- May 7, 2025Reported quarterly or annual results56
- Mar 6, 2025Reported quarterly or annual results57
- Nov 7, 2024Reported quarterly or annual results59
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
273 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 39 major events, 166 insider forms, 30 large holders, 18 other. The latest 20:
- Oct 13, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 24, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 24, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 24, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 24, 20264 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 11, 2026SCHEDULE 13G/A EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Jun 12, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Jun 12, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Jun 12, 20268-K EDGAR
- May 29, 20264 OWNERSHIP DOCUMENT EDGAR
- May 28, 2026SD EDGAR
- May 6, 202610-Q EDGAR
- May 6, 20268-K EDGAR
- Apr 28, 2026ARS EDGAR
- Apr 28, 2026DEF 14A EDGAR
- Mar 12, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Mar 12, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
The 273 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
67 open-market trades by officers, directors and large owners since October 2021: 23 buys and 44 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 10, 2026 | FEINGOLD FELISESVP General Counsel | Sale | 1,862 | $7.60 | $14.2K | Form 4 |
| Jun 10, 2026 | BRUUN BRENT CCEO | Sale | 2,230 | $7.60 | $16.9K | Form 4 |
| May 27, 2026 | Radoff Bradley Louis10% owner | Sale | 35,000 | $11.20 | $392.0K | Form 4 |
| Mar 10, 2026 | FEINGOLD FELISESVP General Counsel | Sale | 1,594 | $6.64 | $10.6K | Form 4 |
| Mar 10, 2026 | BRUUN BRENT CCEO | Sale | 2,049 | $6.64 | $13.6K | Form 4 |
| Feb 18, 2026 | FEINGOLD FELISESVP General Counsel | Sale | 1,715 | $6.38 | $10.9K | Form 4 |
| Feb 18, 2026 | BRUUN BRENT CCEO | Sale | 3,537 | $6.38 | $22.6K | Form 4 |
| Feb 12, 2026 | Radoff Bradley Louis10% owner | Buy | 30,000 | $6.26 | $187.8K | Form 4 |
| Dec 9, 2025 | Black Diamond Capital Management I, LLLP10% owner | Buy | 60,201 | $6.02 | $362.4K | Form 4 |
| Dec 8, 2025 | Black Diamond Capital Management I, LLLP10% owner | Buy | 2,461 | $6.05 | $14.9K | Form 4 |
| Dec 5, 2025 | Black Diamond Capital Management I, LLLP10% owner | Buy | 7,956 | $5.99 | $47.7K | Form 4 |
| Dec 2, 2025 | Black Diamond Capital Management I, LLLP10% owner | Buy | 13,000 | $6.06 | $78.8K | Form 4 |
| Dec 1, 2025 | Black Diamond Capital Management I, LLLP10% owner | Buy | 3,345 | $6.00 | $20.1K | Form 4 |
| Nov 28, 2025 | Black Diamond Capital Management I, LLLP10% owner | Buy | 11,697 | $5.99 | $70.1K | Form 4 |
| Nov 14, 2025 | Radoff Family Foundation | Buy | 40,000 | $5.78 | $231.2K | Form 4 |
| Oct 15, 2025 | BRUUN BRENT CCEO | Sale | 717 | $5.77 | $4.1K | Form 4 |
| Jun 10, 2025 | BRUUN BRENT CCEO | Sale | 2,368 | $5.22 | $12.4K | Form 4 |
| Jun 10, 2025 | FEINGOLD FELISESVP General Counsel | Sale | 1,601 | $5.22 | $8.4K | Form 4 |
| Apr 2, 2025 | BRUUN BRENT CCEO | Sale | 1,663 | $5.17 | $8.6K | Form 4 |
| Apr 2, 2025 | FEINGOLD FELISESVP General Counsel | Sale | 1,125 | $5.17 | $5.8K | Form 4 |
All 67 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- SYSTEMATIC FINANCIAL MANAGEMENT LPSCHEDULE 13G/A, 7 filings Feb 10, 2022 to Aug 14, 202661
- JEC II Associates, LLCSCHEDULE 13G/A, 3 filings Aug 27, 2024 to Aug 11, 202662
- BDCM CT, L.L.C.SCHEDULE 13D/A, 5 filings Feb 14, 2022 to Aug 26, 202563
- NEEDHAM INVESTMENT MANAGEMENT LLCSCHEDULE 13G/A, 5 filings Feb 14, 2022 to Aug 13, 202564
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 4 filings Feb 8, 2022 to Apr 15, 202565
- Radoff Bradley LouisSC 13G/A, 2 filings Mar 20, 2024 to Aug 5, 202466
- BlackRockSC 13G/A, 4 filings Feb 1, 2022 to Jul 8, 202467
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Brent C. BruunPresident and Chief Executive Officer | $538.8K | $1.5M68 | |
| 2025 | Felise B. FeingoldSVP, General Counsel | $343.6K | $696.2K68 | |
| 2025 | Anthony Pike Chief Financial Officer | $297.1K | $575.8K68 | |
| 2024 | Brent C. BruunPresident and Chief Executive Officer | $528.1K | $1.2M68 | |
| 2024 | Felise B. FeingoldSVP, General Counsel | $336.8K | $622.9K68 | |
| 2024 | Anthony Pike Chief Financial Officer | $278.3K | $437.2K68 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 97. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How KVH INDUSTRIES INC \DE\ is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARKVH INDUSTRIES INC \DE\1
- CIK0001007587
- Employer ID (EIN)05-042058912
- Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company12
- Incorporated inDelaware12
- Fiscal year endsDecember 311
- Industry code (SIC)4899 Communications Services, NEC1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address500 Wood Street, Unit 320, 1St Fl, Bristol, RI1
- Phone40184733271
- Shares outstanding18,140,962 as of Aug 3, 202611
- Public float$84.1M as of Jun 30, 202512
- AuditorGRANT THORNTON LLP, Hartford, Connecticut PCAOB ID 248; it also attests to the company’s internal control over financial reporting12
- On EDGAR sinceMay 13, 19961
- Filings1,921 in all: 4 (955), 5 (286), 8-K (209), 10-Q (92), SC 13G/A (91), SC 13G (53), 10-K (30), DEF 14A (30)1
All 45 form types
3 (21), SD (13), CORRESP (12), UPLOAD (12), DEFA14A (10), S-8 (10), 4/A (9), 8-K/A (8), DFAN14A (8), SC 13D/A (8), S-3 (6), SCHEDULE 13G/A (6), ARS (5), SC 13D (4), 10-Q/A (3), 5/A (3), POS AM (3), PRE 14A (3), PRRN14A (3), S-3/A (3), 10-K/A (2), 424B3 (2), DEFC14A (2), EFFECT (2), NT 10-K (2), PREC14A (2), PRER14A (2), SCHEDULE 13G (2), 10-12B (1), 424B5 (1), 8-A12B (1), 8-A12B/A (1), DEFS14A (1), NT 10-Q (1), RW (1), S-3MEF (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (10-K) Mar 10, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Apr 28, 2026
Latest 8-K (8-K) Aug 6, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value per share | KVHI | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 10, 2026 (Section 12(b) of the Exchange Act).12
Risk factors and legal proceedings
The risks KVH INDUSTRIES INC \DE\ names in Item 1A of its 10-K filed Mar 10, 2026: 32 risks under these headings, as written.12
- Risks related to our financial performance
- We have a history of losses, and achieving sustained profitability may take longer than we anticipate or may not be achievable.
- Our losses may continue to increase substantially if we are unable to effectively adapt to changes in our business and industry.
- Fluctuations in our quarterly net sales and results of operations could depress the market price of our common stock.
- A material increase in sales of third-party airtime services and products could reduce our gross margins and our profitability.
- We generate revenue primarily through the resale of satellite airtime services, and our inability to acquire satellite services capacity and resell it at a sufficient profit would materially and adversely affect our business.
- Risks related to our operations
- Our planned transition to reliance on third-party hardware products may be unsuccessful.
- Our future success will depend in part on the services of our executive officers and key employees.
- If we cannot effectively manage changes in our business and continue to attract and retain skilled personnel, our business may suffer.
- Future strategic activities could disrupt our business and affect our results of operations.
- We must generate a certain level of service sales in order to maintain or improve our service gross margins.
The other 22 risks
- Our ability to compete in the maritime airtime services market will be impaired if we are unable to provide sufficient service capacity to meet customer demand.
- Our results of operations are adversely affected by unseasonably cold weather, prolonged winter conditions, disasters or similar events.
- We are winding down our single manufacturing facility, and any significant disruption to this facility in the near term will impair our ability to deliver our products.
- Acquisitions and strategic relationships may disrupt our operations or adversely affect our results.
- Risks related to our industry
- Increasingly intense competition may limit our ability to sell our products and services.
- We depend on sole or limited source suppliers, and any disruption in supply could impair our ability to deliver products on time or at expected cost.
- Changes in the competitive environment, customer demand, supply chain issues, and the transition to new products may require inventory write-downs and/or the disposal of AgilePlans revenue-generating fixed assets.
- Risks related to our dependence on third parties and third-party technology
- Our mobile satellite communications solutions currently depend on third-party satellite services, gateway teleports and terrestrial networks provided by third parties, and a disruption in those services could adversely affect sales.
- We depend on cloud-based data services operated by third parties, and any disruption in the operation of these services could harm our business.
- Our media and entertainment business relies on licensing arrangements with content providers, and the loss of, or changes in, those arrangements could adversely affect our business.
- Cybersecurity breaches could disrupt our operations, expose us to liability, damage our reputation, and require us to incur significant costs or otherwise adversely affect our financial results.
- Risks related to economic conditions and trade relations
- Our revenues, results of operations and financial condition may be adversely impacted by economic turmoil, war, political instability, declines in consumer and enterprise spending.
- Changes in U.S. trade policy, including the ongoing threat and imposition of significant tariffs and resulting changes in international trade relations, may have a material adverse effect on us.
- Changes in foreign currency exchange rates may negatively affect our financial condition and results of operations.
- Risks related to intellectual property and technological innovation
- Our research and development efforts may be unsuccessful. If we are unable to improve our existing solutions and develop new, innovative solutions, our sales and market share will likely continue to decline.
- Our business may suffer if we cannot protect our proprietary technology.
- Claims by others that we infringe their intellectual property rights could harm our business and financial condition.
- Risks related to government regulation
- Our international operations complicate our business and require us to comply with multiple regulatory environments.
- We could incur additional legal compliance costs associated with our international operations and could become subject to legal penalties if we do not comply with certain regulations.
- We are subject to FCC rules and regulations, and any non-compliance could subject us to FCC enforcement actions, fines, loss of licenses and possibly restrictions on our ability to operate or offer certain of our services.
- Privacy concerns and domestic or foreign laws and regulations may reduce demand for our services, increase our costs and harm our business.
- Risks related to owning our common stock
- The market price of our common stock may be volatile.
Legal proceedings
From time to time, we are involved in litigation incidental to the conduct of our business. In the ordinary course of business, we are a party to inquiries, legal proceedings and claims including, from time to time, disagreements with vendors and customers.
The opening of Item 3, Legal Proceedings.12
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14SEC EDGARBrent C. Bruun, President
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23SEC EDGARDonald W. Reilly, CFO_Retired
- 24
- 25
- 26
- 27SEC EDGARBrent C. Bruun, VP Bus Development
- 28
- 29
- 30SEC EDGARIan C. Palmer, EVP Satellite Sales
- 31
- 32
- 33
- 34SEC EDGARJoseph Anthony Spytek, Board member
- 35SEC EDGARStephen H. Deckoff, Board member
- 36SEC EDGARDavid B. Kagan, Board member
- 37SEC EDGARDavid Tolley, Board member
- 38SEC EDGARBrent C. Bruun, Board member
- 39
- 40SEC EDGARCielo Hernandez, Board member
- 41SEC EDGARRobert Tavares, Board member
- 42SEC EDGARDanelle Marie Barrett, Board member
- 43SEC EDGARJames S. Dodez, Board member
- 44SEC EDGARBruce J. Ryan, Board member
- 45SEC EDGARCharles Robert Trimble, Board member
- 46SEC EDGARStanley K. Honey, Board member
- 47SEC EDGARFelise Feingold, General counsel
- 48SEC EDGARResults of operations
- 49SEC EDGARShareholder vote
- 50SEC EDGARResults of operations
- 51SEC EDGARResults of operations
- 52SEC EDGARResults of operations
- 53SEC EDGAROther events
- 54SEC EDGARResults of operations
- 55SEC EDGARShareholder vote
- 56SEC EDGARResults of operations
- 57SEC EDGARResults of operations
- 58
- 59SEC EDGARResults of operations
- 60NasdaqNasdaq calendar
- 61
- 62
- 63
- 64
- 65
- 66
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- 68