Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $176M | $160M | $153M | $158M | $159M | $134M | $139M | $132M | $114M | $111M |
| Revenue growth | — | -9.1% | -4.4% | 3.2% | 0.5% | -15.6% | 3.6% | -4.6% | -14.0% | -2.5% |
| Operating income | -$1.32M | -$8.76M | -$10.6M | -$21.1M | -$22.9M | -$19.6M | -$5.72M | -$17.3M | -$11.9M | -$11.2M |
| Operating margin | -0.8% | -5.5% | -7.0% | -13.4% | -14.5% | -14.6% | -4.1% | -13.1% | -10.4% | -10.1% |
| Net income | -$7.52M | -$11.0M | -$8.23M | $33.3M | -$21.9M | -$9.76M | $24.0M | -$15.4M | -$11.0M | -$7.38M |
| Net margin | -4.3% | -6.9% | -5.4% | 21.1% | -13.8% | -7.3% | 17.3% | -11.6% | -9.7% | -6.7% |
| EPS (diluted) | -$0.47 | -$0.67 | -$0.48 | $1.90 | -$1.24 | -$0.54 | $1.29 | -$0.81 | -$0.57 | -$0.38 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $18.7M | $11.5M | $5.18M | -$14.2M | -$3.08M | $2.91M | $8.89M | $2.53M | -$13.2M | $17.1M |
| Capital expenditures | $5.63M | $12.8M | $15.9M | $12.5M | $14.1M | $18.7M | $14.4M | $10.6M | $7.42M | $7.36M |
| Free cash flow | $13.1M | -$1.26M | -$10.7M | -$26.7M | -$17.1M | -$15.8M | -$5.50M | -$8.10M | -$20.6M | $9.75M |
| Share buybacks | — | — | — | $1.30M | $390K | $0.00 | $0.00 | $239K | $0.00 | $1.74M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $26.4M | $34.6M | $15.2M | $18.4M | $12.6M | $11.4M | $21.1M | $11.3M | $50.6M | $69.9M |
| Total assets | $200M | $196M | $188M | $199M | $184M | $169M | $196M | $173M | $155M | $152M |
| Total liabilities | $93.3M | $90.6M | $88.1M | $49.4M | $51.7M | $39.8M | $37.8M | $25.3M | $16.5M | $20.5M |
| Long-term debt | $50.2M | $44.6M | $19.4M | $0.00 | $1.94M | $0.00 | — | — | — | — |
| Shareholders' equity | $107M | $106M | $99.5M | $150M | $132M | $131M | $158M | $147M | $139M | $131M |
| Retained earnings | $6.62M | -$4.42M | -$15.4M | $19.5M | -$2.40M | -$12.2M | $13.7M | -$1.70M | -$12.8M | -$20.1M |
| Shares (wtd avg diluted) | 15.8M | 16.4M | 17.1M | 17.5M | 17.7M | 18.2M | 19.1M | 19.1M | 19.4M | 19.4M |
Every figure is extracted from KVH INDUSTRIES INC \DE\’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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