KVHI · NASDAQ · Communication Equipment

KVH Industries (KVHI)

Delivers multi-orbit connectivity and managed services for maritime and mobile customers.

$7.13
vs last close−0.00 (−0.07%)
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KVH Industries, Inc.KVHI
Information Technology

Provides multi-orbit connectivity, airtime, content, and network-management services for maritime and mobile customers. The service-led portfolio combines TracNet, TracPhone, TracVision, KVH ONE OpenNet, AgilePlans, and KVH Link while moving from in-house manufacturing to a hardware-agnostic model that increasingly relies on third-party hardware.

Delivers TracNet, TracPhone, and TracVision alongside integrated connectivity and IT solutions for commercial and leisure vessels, land-mobility users, and commercial applications. These offers use multi-orbit, multi-channel hybrid connectivity. They serve maritime and mobile markets.

KVH ONE OpenNet extends the offer to non-KVH antennas, while AgilePlans Connectivity as a Service and KVH Link add connectivity services and crew-wellbeing content. Dealers, distributors, and service providers support delivery.

Manufacturing activities are being wound down as the business moves from in-house hardware toward hardware-agnostic integrated solutions. The model increasingly relies on compatible third-party hardware.

Company facts

CEOBrent C. Bruun
ListedApr 2, 1996
ExchangeNASDAQ
HeadquartersBristol, RI
CountryUnited States
Employees300
CIK0001007587
ISINUS4827381017

Market cap$139.0M
EPS (ttm)−$0.3043
P/E (ttm)−23.43
ROE-4.5%
P/B1.07
P/S1.11
Dividend yieldDiv yield
Beta1.13vs XLK 0.52

Price target$13.00+82.3%Average of 4 analysts
ConsensusBuy3 of 4 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

No analyst notes in the last 24 months.

Next report
Nov 5, 26
in 43 days
EPS estimate
$0.06
Revenue estimate
$38.0M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.22−$0.07$0.03−$0.36$0.02$0.04$0.03Pending
Estimate−$0.07−$0.04−$0.03$0.01$0.02−$0.02$0.04$0.06
Surprise−214.3%−75.0%+200.0%−3,700.0%0.0%+300.0%−25.0%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$26.9M$25.4M$26.6M$28.5M$30.5M$32.3M$33.7MPending
Estimate$28.0M$28.4M$27.7M$28.5M$29.3M$30.6M$33.7M$38.0M
Surprise−3.9%−10.5%−4.0%−0.2%+4.0%+5.8%+0.1%
Estimate$0.06
ReportedDue Nov 5, 2026
Estimate$38.0M
ReportedDue Nov 5, 2026
View details

Debt to equity3.60%
Current ratio707.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$29.0M$26.9M$25.4M$26.6M$28.5M$30.5M$32.3M$33.7M
Net income−$1.2M−$4.3M−$1.7M$930.0K−$6.9M$331.0K$588.0K$163.0K
Net margin0.0%0.0%0.0%3.5%0.0%1.1%1.8%0.5%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$2.0M−$3.2M−$2.2M−$370.0K−$7.6M−$927.0K−$118.0K−$76.0K
YoY growthLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss widenedLoss narrowedLoss narrowedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $57.7M · Total debt $4.7M · Total assets $151.0M · Shareholders' equity $130.4M

Revenue
$33.7M
Operating income
−$76.0K
Net income
$163.0K
View details

No dividends on record.

Institutions≈ 66.51%12.97M shares
101 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders27.16%5.30M shares
11 holders · as of Aug 24, 2026
Other≈ 6.33%1.23M shares
remainder

19.50M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Black Diamond Capital Management I, LLLPInstitution
18.00%3.51Mas of Jun 30, 2026
Bradley Louis RadoffInsider10 percent owner
12.67%2.47Mfiled May 29, 2026
Bradley L. RadoffInsider
5.76%1.12Mfiled Mar 20, 2024
Michael TorokInsider
5.51%1.08Mfiled Aug 27, 2024
BlackRock, Inc.Institution
5.12%998,049as of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 10, 2026Brent C. Bruundirector, officer: CEO−2,230$7.60
Jun 10, 2026Felise Feingoldofficer: SVP General Counsel−1,862$7.60
May 27, 2026Bradley Louis Radoff10 percent owner−35,000$11.20
Mar 10, 2026Brent C. Bruundirector, officer: CEO−2,049$6.64
Mar 10, 2026Felise Feingoldofficer: SVP General Counsel−1,594$6.64
View details

  • Viasat

    Maritime broadband and managed multi-orbit connectivity

  • Iridium Communications

    Global voice and data satellite services for maritime users

Compare

CompanyPriceChange
KVH Industries$7.13−0.07%$139.0M16.21.1+26.7%
Viasat$75.08+0.12%$10.33B2.2−1.2%
Iridium Communications$48.57−0.17%$5.15B55.341.15.8+3.8%
Median55.341.14.0+1.3%