Financial Reports Latest Updates Industry Maps Economic Calendar

KVH INDUSTRIES INC \DE\ (KVHI) Annual Reports

Q: Where can I read KVH INDUSTRIES INC \DE\ (KVHI) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

KVH INDUSTRIES INC \DE\ is listed on Nasdaq, classified by the SEC under Communications Services, NEC (SIC 4899). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

🗺️ LEO Satellite supply chain map: Ground Equip. →

Map placement is determined by products disclosed in the company's own 10-K; click through for the original excerpts.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 1007587 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$33.7M	$26.6M	+26.7%
Operating income	$-76,000	$-370,000	+79.5%
Net income	$163,000	$930,000	-82.5%
EPS (diluted)	$0.01	$0.05	-80.0%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 33.7 mn Net income 0.16 mn

Show table：Income statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	89.1	29.5	27.8	27.0	24.4	30.6	25.6	23.9	26.7	32.0	38.8	28.0	39.9	2.39	1.30	18.9	2.45	2.24	2.22	25.3	1.97	3.56	2.34	27.3	2.42	2.34	1.29	18.6	40.2	40.5	40.5	13.6	—	40.1	38.6	43.5	43.8	13.2	39.2	39.3	42.5	36.6	36.9	41.1	44.1	42.3	43.4	43.0	43.1	41.1	41.8	35.2	36.0	34.1	33.6	33.2	31.5	29.3	28.7	29.0	26.9	25.4	26.6	28.4	30.5	32.3	33.7
Gross profit	—	—	—	—	9.08	12.0	10.4	13.5	9.94	12.4	15.5	17.1	15.8	18.0	16.5	15.4	14.6	17.5	18.8	22.6	-1.91	-0.26	0.21	26.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Operating income	-0.64	1.94	1.27	-0.03	-2.02	0.59	-0.31	1.13	-1.48	0.93	3.14	3.98	2.50	2.30	2.08	-0.71	-1.69	0.67	0.52	2.43	-1.91	-0.26	0.21	5.17	-3.37	-0.69	3.01	-0.27	-4.47	-1.37	-1.80	-1.12	—	-3.18	-1.19	-0.92	-1.88	-5.83	-6.83	-4.86	-3.32	-7.65	-3.44	-0.5	-11.3	-3.61	-5.80	-3.23	-5.31	-4.71	-2.33	-0.97	0.61	-0.55	0.32	-5.03	-12.1	-3.80	-2.89	-1.99	-3.20	-2.24	-0.37	-7.63	-0.93	-0.12	-0.08
Net income	-0.13	5.32	0.64	0.25	-1.53	0.19	0.6	1.60	-1.37	0.45	1.75	2.76	1.96	1.55	1.39	-0.36	-1.12	0.06	0.15	0.96	-1.42	0.04	-0.46	4.10	-2.79	-0.81	2.86	-6.78	-4.88	-2.03	-2.44	-1.68	—	-3.89	-1.34	-1.17	-1.82	-6.18	47.2	-4.34	-3.48	-6.21	-3.55	-0.54	-11.6	-4.03	-5.67	4.02	-4.08	-4.69	-1.44	29.6	0.75	-0.01	0.93	-4.25	-12.1	-3.16	-2.38	-1.20	-4.31	-1.71	0.93	-6.93	0.33	0.59	0.16

Balance sheet

Quarterly · In mn (USD)

Total assets 151 mn Total liabilities 20.6 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	74.5	—	73.8	75.3	79.0	71.2	74.4	82.6	86.5	96.0	104	106	108	108	112	112	113	109	113	118	115	112	107	114	109	99.8	99.5	99.4	97.8	—	101	94.4	94.1	77.7	77.2	126	115	109	100	101	102	101	97.6	94.9	89.5	87.8	82.2	85.0	126	131	123	126	130	119	116	118	132	123	122	123	120	118	121	118
Total assets	—	—	—	115	—	118	121	129	122	127	134	138	145	178	181	184	183	187	236	236	225	231	231	226	218	209	214	200	191	197	198	196	206	211	204	204	188	198	221	204	199	189	190	191	184	178	177	170	169	162	162	194	201	191	191	187	173	168	169	167	155	151	152	150	152	155	151
Current liabilities	—	—	—	13.9	—	15.1	15.1	19.2	14.7	18.1	22.6	21.3	21.2	28.9	27.9	29.5	29.4	31.4	46.0	47.7	44.4	47.5	50.8	43.6	40.8	39.3	44.2	39.6	37.6	42.0	43.3	43.4	—	49.4	49.5	69.1	56.0	65.4	50.6	41.6	38.4	36.8	37.3	38.7	40.8	39.8	42.7	32.0	33.9	31.5	33.1	34.7	38.9	27.8	25.9	25.7	25.0	22.9	25.1	23.6	15.9	13.1	13.1	15.2	16.7	19.4	16.7
Total liabilities	—	—	—	18.9	—	20.1	25.2	31.9	25.3	28.7	33.1	31.9	36.6	66.9	65.4	67.4	66.7	68.7	120	119	114	116	118	108	103	98.9	102	93.3	87.2	91.2	92.0	90.6	103	105	101	103	88.1	102	66.9	52.5	49.4	47.4	51.0	50.8	51.7	47.7	49.7	38.4	39.8	37.0	38.3	39.7	43.9	32.9	30.6	29.9	25.3	23.3	25.5	24.0	16.5	13.6	13.7	19.2	20.5	23.0	20.6
Equity	81.6	—	—	96.3	—	97.6	95.9	96.7	96.7	97.9	101	106	109	111	116	116	116	118	116	117	111	116	113	118	115	110	112	107	104	105	106	106	103	107	102	102	99.5	95.6	154	152	150	142	139	140	132	131	127	132	129	125	124	155	157	158	161	157	147	145	143	143	139	138	138	131	131	132	130

Cash flow

Quarterly · In mn (USD)

Operating 1.88 mn Investing -1.53 mn Financing -1.77 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	0.95	6.31	3.15	0.11	-1.11	0.28	0.1	2.60	5.08	1.70	2.64	5.65	2.38	9.39	5.20	-0.72	-0.57	1.84	9.39	-0.29	3.20	1.70	5.75	-2.25	8.64	0.21	10.1	-0.27	4.35	2.43	2.62	2.14	—	-1.20	0	2.96	3.42	-1.07	-5.51	-4.87	-2.71	-2.95	0.06	-0.04	-0.15	5.00	-0.18	-2.90	1.00	-3.51	0.28	1.77	10.4	-6.78	3.59	0.51	5.21	-0.79	-14.7	1.88	0.4	-1.28	5.10	9.90	3.39	-8.26	1.88
Investing	-2.97	-6.85	-4.45	-0.76	-0.83	2.31	-7.16	-1.87	-4.42	0.66	-2.22	-6.27	-9.79	-29.4	-5.84	0.28	4.20	-0.61	-30.4	0.1	-7.80	1.25	-0.41	3.17	-1.30	-1.27	-8.29	2.13	6.87	-1.79	2.05	-2.60	—	1.80	-1.27	-4.03	-4.14	-3.05	34.8	1.08	13.2	4.12	-3.80	-3.18	-6.44	-5.08	-5.37	3.27	0.48	0.11	2.22	1.97	-3.92	-2.70	-3.34	-3.18	-5.49	0.87	13.6	2.06	35.9	-0.56	3.17	7.15	-5.87	-2.36	-1.53
Financing	2.91	1.70	1.13	0.99	-0.02	0.11	4.43	0.98	-2.15	0.44	0.06	0.76	4.93	23.4	0.07	0.9	-0.67	-0.07	33.7	-0.24	-1.69	-1.55	-1.48	-1.61	-1.73	-1.57	-1.29	0.22	-8.47	-0.41	-0.56	-0.31	—	1.52	-0.67	-0.4	-13.7	0.13	-27.6	-1.96	-1.32	-0.39	6.82	-0.16	0.85	1.47	0.84	0.31	0.03	0.12	0.08	0.4	0.11	0.76	1.35	0.24	0	0.1	0	0	0.01	-0.16	-1.07	-0.1	-0.37	-0.11	-1.77
Cash at period end	5.87	7.03	7.21	7.24	5.31	7.92	5.26	7.02	5.55	8.24	8.62	8.98	6.53	9.92	9.21	9.36	12.3	13.4	25.9	25.3	18.4	20.5	23.6	22.7	28.2	24.8	25.1	26.4	29.4	30.4	35.4	34.6	—	37.8	34.5	32.9	18.1	14.3	15.3	9.24	18.4	18.5	21.4	18.1	12.6	14.0	9.22	9.88	11.4	8.04	10.4	14.4	21.1	12.4	14.0	11.5	11.3	11.4	10.4	14.4	50.6	48.6	55.9	72.8	69.9	59.1	57.7

Profitability

Quarterly · %

Gross margin 95.3% Operating margin -0.2% Net margin 0.5%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	—	—	—	—	37.2%	39.2%	40.6%	56.3%	37.2%	38.9%	39.9%	61.0%	39.5%	753.6%	1276.2%	81.6%	595.1%	781.6%	848.1%	89.3%	-97.0%	-7.3%	8.8%	95.3%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	-0.7%	6.6%	4.6%	-0.1%	-8.3%	1.9%	-1.2%	4.7%	-5.5%	2.9%	8.1%	14.2%	6.3%	96.2%	160.2%	-3.8%	-69.1%	30.1%	23.3%	9.6%	-97.0%	-7.3%	8.8%	19.0%	-139.3%	-29.6%	233.0%	-1.4%	-11.1%	-3.4%	-4.5%	-8.3%	—	-7.9%	-3.1%	-2.1%	-4.3%	-44.1%	-17.4%	-12.4%	-7.8%	-20.9%	-9.3%	-1.2%	-25.7%	-8.5%	-13.4%	-7.5%	-12.3%	-11.5%	-5.6%	-2.8%	1.7%	-1.6%	1.0%	-15.1%	-38.5%	-13.0%	-10.1%	-6.9%	-11.9%	-8.8%	-1.4%	-26.8%	-3.0%	-0.4%	-0.2%
Net margin	-0.1%	18.1%	2.3%	0.9%	-6.3%	0.6%	2.3%	6.7%	-5.1%	1.4%	4.5%	9.8%	4.9%	64.7%	107.0%	-1.9%	-45.8%	2.5%	6.8%	3.8%	-72.3%	1.0%	-19.8%	15.0%	-115.2%	-34.5%	221.4%	-36.5%	-12.2%	-5.0%	-6.0%	-12.4%	—	-9.7%	-3.5%	-2.7%	-4.2%	-46.8%	120.2%	-11.1%	-8.2%	-17.0%	-9.6%	-1.3%	-26.4%	-9.5%	-13.1%	9.3%	-9.5%	-11.4%	-3.5%	84.3%	2.1%	-0.0%	2.8%	-12.8%	-38.4%	-10.8%	-8.3%	-4.1%	-16.0%	-6.7%	3.5%	-24.4%	1.1%	1.8%	0.5%

Returns & leverage

Quarterly · %

ROE -4.3% ROA -3.9% Debt ratio 13.6%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	6.3%	—	-0.5%	-0.5%	0.9%	1.1%	1.3%	2.5%	3.5%	6.7%	7.7%	7.1%	4.1%	1.3%	-0.0%	-1.1%	0.0%	-0.2%	-0.2%	-0.8%	1.9%	0.8%	0.0%	3.0%	-6.7%	-8.8%	-10.1%	-14.8%	-10.4%	—	—	—	—	-8.1%	-10.4%	29.6%	27.5%	26.6%	27.9%	-12.0%	-9.4%	-15.6%	-14.5%	-16.5%	-12.7%	-7.5%	-8.2%	-4.9%	13.6%	17.0%	20.5%	22.0%	-1.7%	-10.2%	-12.3%	-14.4%	-12.6%	-7.7%	-6.8%	-4.5%	-8.8%	-5.5%	-3.8%	-4.3%
ROA	—	—	—	5.3%	—	-0.4%	-0.4%	0.7%	0.8%	1.1%	1.9%	2.7%	5.2%	5.3%	4.9%	2.8%	0.9%	-0.0%	-0.6%	0.0%	-0.1%	-0.1%	-0.4%	1.0%	0.4%	0.0%	1.5%	-3.5%	-4.7%	-5.3%	-7.8%	-5.6%	—	—	—	—	-4.2%	-5.2%	17.9%	17.1%	17.1%	17.1%	-8.6%	-7.0%	-11.5%	-10.8%	-11.9%	-9.6%	-5.5%	-6.1%	-3.7%	10.7%	13.1%	16.4%	17.7%	-1.4%	-8.3%	-10.3%	-12.2%	-10.7%	-6.7%	-6.0%	-3.9%	-7.6%	-4.8%	-3.3%	-3.9%
Debt ratio	—	—	—	16.4%	—	17.1%	20.8%	24.8%	20.7%	22.7%	24.7%	23.2%	25.2%	37.6%	36.1%	36.6%	36.5%	36.8%	51.0%	50.6%	50.6%	50.1%	50.9%	47.8%	47.3%	47.3%	47.6%	46.7%	45.6%	46.4%	46.5%	46.1%	50.0%	49.5%	49.7%	50.3%	47.0%	51.6%	30.3%	25.7%	24.8%	25.1%	26.8%	26.6%	28.2%	26.8%	28.1%	22.6%	23.6%	22.9%	23.6%	20.4%	21.9%	17.2%	16.0%	16.0%	14.6%	13.8%	15.1%	14.4%	10.6%	9.0%	9.0%	12.8%	13.5%	14.9%	13.6%

EPS

Quarterly · US$

EPS US$0.01

Show table：EPS

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	-0.01	0.36	0.04	0.02	-0.10	0.01	0.04	0.11	-0.09	0.03	0.12	0.18	0.13	0.10	0.09	-0.02	-0.07	0.00	0.01	0.06	-0.09	0.00	-0.03	0.26	-0.18	-0.05	0.18	-0.43	-0.30	0.00	-0.15	-0.10	—	-0.23	-0.08	-0.07	-0.11	-0.36	2.71	-0.25	-0.20	-0.35	-0.20	-0.03	-0.65	-0.22	-0.31	0.22	-0.23	-0.25	-0.08	1.58	0.02	0.00	0.05	-0.22	-0.64	-0.16	-0.12	-0.06	-0.22	-0.09	0.05	-0.36	0.02	0.03	0.01

Revenue & profit

Year-to-date · In mn (USD)

Revenue 66.0 mn Net income 0.75 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 151 mn Total liabilities 20.6 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating -6.38 mn Investing -3.89 mn Financing -1.89 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 68.4% Operating margin -0.3% Net margin 1.1%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE -4.3% ROA -3.9% Debt ratio 13.6%

EPS

Year-to-date · US$

EPS US$0.04

Revenue & profit

Annual · In mn (USD)

Revenue 111 mn Net income -7.38 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	105	126	62.5	32.2	35.1	24.7	135	—	134	159	172	154	132	114	111
Gross profit	45.0	55.0	65.7	73.5	24.0	—	—	—	—	—	—	—	—	—	—
Operating income	-0.61	6.57	6.17	1.92	3.21	-1.32	-8.76	—	-20.8	-22.9	-17.9	-7.40	-17.3	-11.9	-11.2
Net income	0.86	3.58	4.53	0.04	2.25	-7.52	-11.0	—	33.2	-21.9	-9.76	24.3	-15.4	-11.1	-7.38

Balance sheet

Annual · In mn (USD)

Total assets 152 mn Total liabilities 20.5 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	79.0	86.5	108	113	115	109	97.8	77.7	109	101	87.8	131	119	123	118
Total assets	129	138	184	236	226	200	196	188	199	184	169	201	173	155	152
Current liabilities	19.2	21.3	29.5	47.7	43.6	39.6	43.4	56.0	38.4	40.8	33.9	38.9	25.0	15.9	16.7
Total liabilities	31.9	31.9	67.4	119	108	93.3	90.6	88.1	49.4	51.7	39.8	43.9	25.3	16.5	20.5
Equity	96.7	106	116	117	118	107	106	99.5	150	132	129	157	147	139	131

Cash flow

Annual · In mn (USD)

Operating 17.1 mn Investing 3.89 mn Financing -1.69 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	1.87	15.1	16.3	10.4	8.40	18.7	11.5	—	-14.2	-3.08	2.91	8.89	2.53	-13.2	17.1
Investing	-7.55	-12.3	-44.8	-26.7	-3.80	-8.72	4.52	—	46.0	-9.29	-6.71	0.38	-14.7	52.4	3.89
Financing	5.50	-0.89	29.3	32.7	-6.33	-4.37	-9.75	—	-30.8	7.13	2.65	0.71	2.34	0.11	-1.69
Cash at period end	7.02	8.98	9.36	25.3	22.7	26.4	34.6	18.1	18.4	12.6	11.4	21.1	11.3	50.6	69.9

Profitability

Annual · %

Gross margin 68.4% Operating margin -10.1% Net margin -6.7%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Gross margin	43.0%	43.8%	105.2%	228.2%	68.4%	—	—	—	—	—	—	—	—	—	—
Operating margin	-0.6%	5.2%	9.9%	6.0%	9.1%	-5.4%	-6.5%	—	-15.5%	-14.4%	-10.4%	-4.8%	-13.1%	-10.4%	-10.1%
Net margin	0.8%	2.9%	7.3%	0.1%	6.4%	-30.5%	-8.2%	—	24.7%	-13.8%	-5.7%	15.8%	-11.7%	-9.7%	-6.7%

Returns & leverage

Annual · %

ROE -5.5% ROA -4.8% Debt ratio 13.5%

Show table：Returns & leverage

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	0.9%	3.5%	4.1%	0.0%	1.9%	-6.7%	-10.4%	—	26.6%	-15.6%	-7.5%	17.0%	-10.2%	-7.7%	-5.5%
ROA	0.7%	2.7%	2.8%	0.0%	1.0%	-3.5%	-5.6%	—	17.1%	-11.5%	-5.5%	13.1%	-8.3%	-6.7%	-4.8%
Debt ratio	24.8%	23.2%	36.6%	50.6%	47.8%	46.7%	46.1%	47.0%	24.8%	28.2%	23.6%	21.9%	14.6%	10.6%	13.5%

EPS

Annual · US$

EPS US$-0.38

Show table：EPS

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	0.06	0.24	0.30	-0.00	0.14	-0.48	-0.55	—	1.90	-1.23	-0.54	1.27	-0.81	-0.56	-0.38

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read KVH INDUSTRIES INC \DE\ (KVHI) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
Back to US annual reports, or see the supply-chain maps.