Filing Flows › Communication Services › KVH Industries (KVHI)
KVH Industries (KVHI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · KVH Industries (KVHI) Q3 2026 earnings results →
Q3 2026 Revenue up 35% year over year to $38.4M · 2¢ of every $1 of revenue lost · operating margin -3.2%
KVH Industries made $38.4M in Q3 2026 (+35% Y/Y): Service $33.0M, Product $5.5M. Operating margin -3.2%, net loss $601K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $38.4M in Q3 2026, up 35% year over year and up 14% from the previous quarter. Service was the largest line at 86% of revenue. Service added $7.6M year over year (up 30%), 76% of the total change.
Operating costs exceeded revenue by $1.2M, an operating margin of -3.2%. Total costs grew 10% against revenue growth of 35%. The fastest-growing cost line was Other operating costs (+13%). The quarter ended with a net loss of $601K, after a profit of $163K the previous quarter. Non-operating items added $631K, -103% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $4.8M (down 51% year over year). Non-cash charges added back $2.2M of depreciation and amortization and $325K of share-based compensation. Working capital and other items added $2.9M. Capital expenditures of $1.5M left free cash flow of $3.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $38.4M | +35% | -3.2% | −$601K | $4.8M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $33.7M | +27% | -0.2% | $163K | $1.9M |
| Q1 2026 | 10-Q | May 6, 2026 | $32.3M | +27% | -0.4% | $588K | −$8.3M |
| Q4 2025 | 10-K | Mar 10, 2026 | $30.5M | +13% | -3.0% | $331K | $3.4M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $28.5M | -2% | -26.8% | −$6.9M | $9.9M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $26.6M | -7% | -1.4% | $930K | $5.1M |
| Q1 2025 | 10-Q | May 7, 2025 | $25.4M | -13% | -8.8% | −$1.7M | −$1.3M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About KVH Industries
KVH Industries, Inc. is a global leader in maritime and mobile connectivity delivered via the KVH ONE network. The company, founded in 1982, is based in Bristol, RI, with more than a dozen offices around the globe. KVH provides connectivity solutions for commercial maritime, leisure marine, military/government, and land mobile applications on vessels and vehicles, including the TracNet, TracPhone, and TracVision product lines, the KVH ONE OpenNet Program for non-KVH antennas, AgilePlans Connectivity as a Service (CaaS), and the KVH Link crew wellbeing content service. ______________________________________________________________________________________________________
In its own words, from its 8-K, filed Aug 6, 2026.
KVH Industries against its Communications Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +35% against the peers' median +3%. Operating margin: -3.2% against the peers' median 5.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| KVHI KVH Industries | Q3 2026 | $38.4M | +35% | -3.2% |
| VSAT Viasat | Q2 FY27 | $1.2B | +3% | 0.6% |
| ECHO EchoStar | Q3 2026 | $1.1B | -69% | 13.1% |
| CALX Calix | Q3 2026 | $302M | +14% | 5.5% |
| IRDM Iridium Communications | Q3 2026 | $246M | +8% | 12.9% |
| CCOI Cogent Communications Holdings | Q3 2026 | $231M | -4% | -3.0% |
| GOGO Gogo | Q3 2026 | $213M | -5% | 8.0% |
| GSAT Globalstar | Q3 2026 | $70.9M | -4% | 10.7% |
| ASTS AST SpaceMobile | Q2 2026 | $31.5M | 27× | -948.0% |
Source: KVH Industries 10-Q on SEC EDGAR · CIK 1007587 · Communications Services, NEC
Guidance and outlook
13F: who owns KVHI and who is buying
More on KVHI
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results