Filing Flows › KVH Industries (KVHI) › Q1 2025
KVH Industries (KVHI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
KVH Industries (KVHI) reported revenue of $25.4M for the first quarter 2025 (Q1 2025), -13% from a year earlier and -6% from the quarter before. Operating margin was -8.8%, net loss $1.7M (6.7% of revenue).
KVH Industries, Q1 2025: revenue $25.4M (-13% year over year), operating margin -8.8%, net loss $1.7M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.4M | -6% | -13% |
| Operating profit | −$2.2M | — | — |
| Net earnings | −$1.7M | — | — |
| Operating cash flow | −$1.3M | — | — |
What changed
Revenue was $25.4M in Q1 2025, down 13% year over year and down 6% from the previous quarter. Service was the largest line at 85% of revenue. Service lost $3.4M year over year (down 14%), 88% of the total change.
Operating costs exceeded revenue by $2.2M, an operating margin of -8.8%. Total costs fell 16% while revenue fell 13%. The quarter ended with a net loss of $1.7M, narrower than the previous quarter's $4.3M loss. Non-operating items added $558K, -33% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.3M. Non-cash charges added back $2.9M of depreciation and amortization and $337K of share-based compensation. Working capital and other items used $2.8M. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$2.4M.
Questions
What was KVH Industries' revenue in the first quarter 2025?
KVH Industries (KVHI) reported revenue of $25.4M for the first quarter 2025 (Q1 2025), -13% from a year earlier and -6% from the quarter before.
Was KVH Industries profitable in the first quarter 2025?
Operating loss was $2.2M (-8.8% of revenue) and net loss $1.7M.
Source: KVH Industries 10-Q on SEC EDGAR.