Filing Flows › KVH Industries (KVHI) › Q2 2025
KVH Industries (KVHI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
KVH Industries (KVHI) reported revenue of $26.6M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +5% from the quarter before. Operating margin was -1.4%, net earnings $930K (3.5% of revenue).
KVH Industries, Q2 2025: revenue $26.6M (-7% year over year), operating margin -1.4%, net earnings $930K, operating cash flow $5.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.6M | +5% | -7% |
| Operating profit | −$370K | — | — |
| Net earnings | $930K | — | — |
| Operating cash flow | $5.1M | — | — |
| Free cash flow | $2.7M | — | — |
What changed
Revenue was $26.6M in Q2 2025, down 7% year over year and up 5% from the previous quarter. Service was the largest line at 87% of revenue. Service lost $1.6M year over year (down 7%), 79% of the total change.
Operating costs exceeded revenue by $370K, an operating margin of -1.4%. Total costs fell 14% while revenue fell 7%. Net earnings were $930K. The effective tax rate was 10.1%. Non-operating items added $1.4M, 136% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $5.1M, 548% of net earnings. Non-cash charges added back $2.6M of depreciation and amortization and $434K of share-based compensation. Working capital and other items added $1.1M. Capital expenditures of $2.3M left free cash flow of $2.7M.
Questions
What was KVH Industries' revenue in the second quarter 2025?
KVH Industries (KVHI) reported revenue of $26.6M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +5% from the quarter before.
Was KVH Industries profitable in the second quarter 2025?
Operating loss was $370K (-1.4% of revenue) and net earnings $930K.
Source: KVH Industries 10-Q on SEC EDGAR.