Filing Flows › KVH Industries (KVHI) › Q1 2026
KVH Industries (KVHI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
KVH Industries (KVHI) reported revenue of $32.3M for the first quarter 2026 (Q1 2026), +27% from a year earlier and +6% from the quarter before. Operating margin was -0.4%, net earnings $588K (1.8% of revenue).
KVH Industries, Q1 2026: revenue $32.3M (+27% year over year), operating margin -0.4%, net earnings $588K, operating cash flow −$8.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.3M | +6% | +27% |
| Operating profit | −$118K | — | — |
| Net earnings | $588K | +78% | — |
| Operating cash flow | −$8.3M | -343% | — |
What changed
Revenue was $32.3M in Q1 2026, up 27% year over year and up 6% from the previous quarter. Service was the largest line at 87% of revenue. Service added $6.5M year over year (up 30%), 94% of the total change.
Operating costs exceeded revenue by $118K, an operating margin of -0.4%. Total costs grew 17% against revenue growth of 27%. The fastest-growing cost line was Other operating costs (+27%). Net earnings were $588K. The effective tax rate was 17.5%. Non-operating items added $831K, 117% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$8.3M. Non-cash charges added back $2.4M of depreciation and amortization and $306K of share-based compensation. Working capital and other items used $11.6M. Capital expenditures of $2.6M exceeded it, leaving free cash flow of −$10.8M.
Questions
What was KVH Industries' revenue in the first quarter 2026?
KVH Industries (KVHI) reported revenue of $32.3M for the first quarter 2026 (Q1 2026), +27% from a year earlier and +6% from the quarter before.
Was KVH Industries profitable in the first quarter 2026?
Operating loss was $118K (-0.4% of revenue) and net earnings $588K.
Source: KVH Industries 10-Q on SEC EDGAR.