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KVH Industries cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$3.3M in Q3 2026 · −$5.8M over twelve months

Operating cash flow$4.8M
Capital spending−$1.5M
Free cash flow+$3.3M

Analysis

In Q3 2026, KVH Industries generated $4.8M of operating cash flow and spent $1.5M on capital projects, leaving free cash flow of $3.3M. That is $5.1M less than in Q3 2025 ($8.4M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.9M; the largest uses were buybacks ($13.6M), capital spending ($7.7M), other investing ($3.3M); besides operations, cash came from other financing ($718K); the cash balance fell by $22.1M.

Operating cash flow was $4.8M against net income of −$601K. The largest differences: inventory +$2.9M, accrued liabilities +$2.3M, depreciation & amortization +$2.2M.

Free cash flow

KVH Industries: free cash flow by quarterKVH Industries: free cash flow by quarter−$444KQ4 2024−$2.4MQ1 2025$2.7MQ2 2025$8.4MQ3 2025−$1.6MQ4 2025−$10.8MQ1 2026$672KQ2 2026$3.3MQ3 2026
Operating cash flow less capital spending.
KVH Industries: operating cash flow against capital spendingKVH Industries: operating cash flow against capital spendingOperating cash flowCapital spending$403K$847KQ4 2024−$1.3M$1.1MQ1 2025$5.1M$2.3MQ2 2025$9.9M$1.5MQ3 2025$3.4M$5.0MQ4 2025−$8.3M$2.6MQ1 2026$1.9M$1.2MQ2 2026$4.8M$1.5MQ3 2026
Latest (Q3 2026): Operating cash flow $4.8M, Capital spending $1.5M.

Capital allocation, year by year

KVH Industries: where the cash came from (up) and went (down), by fiscal yearKVH Industries: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $2.9MFY2021: Net borrowing −$294KFY2021: Asset sales $100KFY2021: Capital spending −$18.7M$3.0MFY2021FY2022: Operating cash flow $8.9MFY2022: Net borrowing −$264KFY2022: Capital spending −$14.4M$8.9MFY2022FY2023: Operating cash flow $2.5MFY2023: Net borrowing −$22KFY2023: Capital spending −$10.6MFY2023: Buybacks −$239K$2.5MFY2023FY2024: Operating cash flow −$13.2MFY2024: Asset sales $1.4MFY2024: Capital spending −$17.0M$1.4MFY2024FY2025: Operating cash flow $17.1MFY2025: Capital spending −$7.4MFY2025: Acquisitions −$3.8MFY2025: Buybacks −$1.7M$17.1MFY2025
Over these 5 years operating cash flow totalled $18.3M; the largest uses were capital spending ($68.1M) and operating cash flow ($13.2M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$50.7M
Debtnone
Net cash$50.7M

KVH Industries's operations bring cash in ($1.9M over twelve months), and it spends more than that on capital projects: a gap of $5.8M funded from its $50.7M of cash and investments and from borrowing. That is a choice to invest, not a cash runway running down.

Where the cash came from and went

KVH Industries: sources (+) and uses (−) of cash, Q3 2026KVH Industries: sources (+) and uses (−) of cash, Q3 2026Buybacks−$10.7MCash drawn (+) / kept (−)$7.0MOperating cash flow$4.8MCapital spending−$1.5MOther investing$301KOther financing$70KExchange rates$11K
KVH Industries: sources (+) and uses (−) of cash, TTM to Q3 2026KVH Industries: sources (+) and uses (−) of cash, TTM to Q3 2026Cash drawn (+) / kept (−)$22.1MBuybacks−$13.6MCapital spending−$7.7MOther investing−$3.3MOperating cash flow$1.9MOther financing$718KNot reconciled−$71K

From profit to cash

KVH Industries: net income to operating cash flow, Q3 2026KVH Industries: net income to operating cash flow, Q3 2026Net income−$601KDepreciation & amortization$2.2MStock-based pay$325KReceivables−$1.1MInventory$2.9MPayables−$955KAccrued liabilities$2.3MDeferred revenue$250KPrepaid and other assets−$708KOperating cash flow$4.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksCash drawn (+) / kept (−)Free cash flow
Q3 2026$4.8M−$1.5M−$10.7M$7.0M$3.3M
Q2 2026$1.9M−$1.2M−$2.3M$1.4M$672K
Q1 2026−$8.3M−$2.6M−$206K$10.8M−$10.8M
Q4 2025$3.4M−$5.0M−$371K$2.9M−$1.6M
Q3 2025$9.9M−$1.5M−$116K−$16.9M$8.4M
Q2 2025$5.1M−$2.3M−$1.1M−$7.3M$2.7M
Q1 2025−$1.3M−$1.1M−$163K$2.0M−$2.4M
Q4 2024$403K−$847K—−$36.2M−$444K

KVH Industries: income statement and cash flow

KVH Industries, Q3 2026: revenue $38.4M (+35% year over year), operating margin -3.2%. The chart follows the revenue to costs, profit and cash.

KVH Industries: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.