KVH INDUSTRIES INC \DE\

For the period ended Dec 31, 2025. Filed Mar 10, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 10, 2026

KVHI$7.31+4.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets as of December 31, 202 and

(in thousands, except share and per share data)

	December 31,
	2025	2024
ASSETS
Current assets:
Cash and cash equivalents	$69,910	$50,572
Accounts receivable, net of allowance for credit losses of $712 and $1,006 as of December 31, 2025 & December 31, 2024, respectively	25,049	21,624
Inventories	14,859	22,953
Prepaid expenses and other current assets	7,980	16,016
Current assets held for sale	—	11,410
Total current assets	117,798	122,575
Property and equipment, net	22,032	27,014
Intangible assets, net	3,717	828
Goodwill	732	—
Right of use assets	4,382	1,361
Other non-current assets	2,237	3,146
Deferred income tax asset	602	157
Total assets	$151,500	$155,081
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$4,498	$4,316
Accrued airtime	1,500	745
Accrued compensation and employee-related expenses	5,175	4,728
Accrued loss on future firm purchase commitments	—	919
Accrued other	2,358	2,134
Accrued product warranty costs	644	607
Deferred revenue	1,155	1,039
Current operating lease liability	547	660
Liability for uncertain tax positions	793	724
Total current liabilities	16,670	15,872
Long-term operating lease liability	3,841	569
Deferred income tax liability	5	15
Total liabilities	$20,516	$16,456
Commitments and contingencies (Notes 1, 6, 13 and 14)
Stockholders’ equity:
Preferred stock, $0.01 par value. Authorized 1,000,000 shares; none issued	—	—
Common stock, $0.01 par value. Authorized 30,000,000 shares, 21,294,655 and 21,240,525 shares issued at December 31, 2025 and December 31, 2024, respectively; and 19,511,836 and 19,784,416 shares outstanding at December 31, 2025 and December 31, 2024, respectively	213	212
Additional paid-in capital	168,900	167,287
Accumulated deficit	(20,135)	(12,752)
Accumulated other comprehensive loss	(4,161)	(4,032)
	144,817	150,715
Less: treasury stock at cost, common stock, 1,782,819 and 1,456,109 shares as of December 31, 2025 and December 31, 2024, respectively	(13,833)	(12,090)
Total stockholders’ equity	130,984	138,625
Total liabilities and stockholders’ equity	$151,500	$155,081

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.