Filing Flows › KVH Industries (KVHI) › Q4 2025
KVH Industries (KVHI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 10, 2026
KVH Industries (KVHI) reported revenue of $30.5M for the fourth quarter 2025 (Q4 2025), +13% from a year earlier and +7% from the quarter before. Operating margin was -3.0%, net earnings $331K (1.1% of revenue).
KVH Industries, Q4 2025: revenue $30.5M (+13% year over year), operating margin -3.0%, net earnings $331K, operating cash flow $3.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.5M | +7% | +13% |
| Operating profit | −$927K | — | — |
| Net earnings | $331K | — | — |
| Operating cash flow | $3.4M | -66% | +742% |
| Free cash flow | $1.1M | -87% | — |
What changed
Revenue was $30.5M in Q4 2025, up 13% year over year and up 7% from the previous quarter. Service was the largest line at 93% of revenue.
Operating costs exceeded revenue by $927K, an operating margin of -3.0%. Total costs grew 4% against revenue growth of 13%. The fastest-growing cost line was General & admin (+36%). Net earnings were $331K. The tax line was a benefit of $277K on pre-tax earnings of $54K. Non-operating items added $1.0M, 1817% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $3.4M (up 742% year over year), 1025% of net earnings. Non-cash charges added back $2.6M of depreciation and amortization and $430K of share-based compensation. Capital expenditures of $2.3M left free cash flow of $1.1M.
Questions
What was KVH Industries' revenue in the fourth quarter 2025?
KVH Industries (KVHI) reported revenue of $30.5M for the fourth quarter 2025 (Q4 2025), +13% from a year earlier and +7% from the quarter before.
Was KVH Industries profitable in the fourth quarter 2025?
Operating loss was $927K (-3.0% of revenue) and net earnings $331K.
Source: KVH Industries 10-K on SEC EDGAR.