KVH Industries, Inc. (KVHI) Stock

KVH Industries, Inc. (KVHI) is a Communication Services stock trading at $7.87 (as of 2026-08-20), with a market capitalization of $142.77M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

KVH Industries, Inc. designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company operates through Mobile Connectivity and Inertial Navigation segments. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard TracPhone terminals and hub equipment; data management software; and Iridium OpenPort hardware products and services. It also offers airtime plans that enable customers to obtain Internet and voice services; and value-added, and news and radio content services to retail customers. In addition, the company provides navigation, guidance, and stabilization products for the commercial and defense markets comprising precision fiber optic gyro-based systems; tactical navigation systems for tactical trucks and light armored vehicles; and commercial products, such as navigation and positioning systems for various applications consisting of precision mapping, dynamic surveying, autonomous vehicles, train location control and track geometry measurement systems, industrial robotics, and optical stabilization applications. Further, it offers content, maritime news, sporting content, and television programming delivery services; movie distribution services; and services and support for the mini-VSAT Broadband solution, as well as IoT connectivity as a service. The company sells its mobile communications products through a network of independent retailers, chain stores, distributors, and service providers, as well as to manufacturers of vessels, maritime equipment, and vehicles; and navigation products directly to the United States and foreign governments, and government contractors, as well as through authorized independent sales representatives. It also sells and leases its products directly to end users. KVH Industries, Inc. was founded in 1978 and is headquartered in Middletown, Rhode Island

Understand KVH Industries, Inc.: how it makes money

KVH Industries designs and sells mobile satellite connectivity products and services for marine and land customers, including two-way communications systems, onboard TracPhone terminals and hub equipment, and airtime plans that help customers get internet and voice services.

KVH’s profit engine is its Mobile Connectivity business, where service revenue tied to subscribers and active vessels comes from airtime and connectivity plans, while terminal and equipment sales are a separate, more shipment-driven component.

Revenue by segment (latest quarter)
Mobile Conn.$0.0B
Inertial Nav$0.0B

Business quality (Weak): Clear segment structure around Mobile Connectivity versus Inertial Navigation, and several subscriber or vessel-based operating metrics, but the latest quarter shows a negative operating margin (-0.4) and very small reported revenue in the provided snapshot.

Bull case

  • Service-oriented connectivity model with measurable demand indicators: Management tracks High Throughput Satellite Network Subscribers and Active Vessels, which helps investors monitor the customer base tied to connectivity and airtime.
  • Airtime mix is explicitly disclosed: The company reports a Low Earth Orbit Service Mix of Airtime Revenue (45%), which provides a concrete lens into the composition of its service revenue.

Bear case

  • Loss-making profitability in the latest reported quarter: Operating margin is -0.4 for the period ending 2026-03-31, indicating the current cost structure is not being covered by operating revenue (as provided).
  • Revenue base appears small in the provided financial snapshot: The provided total revenue is shown as 0.0B for 2026-03-31, which can make results sensitive to small changes in connectivity demand or shipments.
Valuation — source: SEC EDGAR (first-party)
Price$7.87
Market Cap$142.77M
Price / Book1.09
Price / Sales1.14
FCF Yield-14.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$111.01M
Net Margin-6.7%
Revenue Growth (YoY)26.7%
EPS Growth (YoY)-80.0%
FCF Growth (YoY)-470.4%
Financial Health — source: SEC EDGAR
Altman Z-Score5.59 (safe)
Valuation vs Sector & Industry
Sector P/E (Communication Services)24.4
Industry P/E (Communication)17.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlack Diamond Capital Management I, LLLP ($31.38M)
Institutional Holders Tracked10
Company
SectorCommunication Services
IndustryCommunication
CEOBrent C. Bruun
Employees247
CountryUS
IPO Date1996-04-02

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KVHI earnings history · KVHI institutional & insider holders · KVHI KPIs & operating metrics · KVHI financials · KVHI investor presentations & press releases · KVHI SEC filings · KVHI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.