Financial Statements — KVHI
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 57.72 | 59.15 | 72.80 | 55.93 | 48.60 | 14.40 | 10.36 | 11.44 | 11.48 | 14.01 | 12.38 | 14.40 | 10.40 | 8.04 | 9.88 | 9.22 | 13.97 |
| Short-term Investments | -- | -- | -- | -- | -- | 35.37 | 38.90 | 55.20 | 57.71 | 56.97 | 56.28 | 55.17 | 5.16 | 8.65 | 17.15 | 25.15 | 25.14 |
| Accounts Receivable | 28.67 | 28.81 | 24.30 | 25.35 | 23.20 | 24.76 | 27.33 | 25.97 | 28.19 | 26.98 | 26.38 | 27.78 | 33.41 | 34.29 | 31.96 | 32.99 | 30.03 |
| Inventory | 11.86 | 13.22 | 13.39 | 20.26 | 21.98 | 25.20 | 22.72 | 19.09 | 26.42 | 24.18 | 23.89 | 23.88 | 30.98 | 25.67 | 24.64 | 22.30 | 22.77 |
| Total Current Assets | 118.01 | 121.07 | 119.70 | 123.00 | 121.58 | 131.67 | 118.49 | 115.92 | 129.55 | 125.67 | 123.39 | 125.92 | 85.01 | 82.15 | 89.53 | 94.94 | 97.64 |
| Property, Plant & Equipment | 21.04 | 22.22 | 22.30 | 24.07 | 24.82 | 29.89 | 44.78 | 46.23 | 49.41 | 50.79 | 51.79 | 52.93 | 60.71 | 60.60 | 59.96 | 59.10 | 57.11 |
| Goodwill | 0.73 | 0.73 | -- | -- | -- | -- | -- | -- | 0.00 | 5.35 | 5.33 | 5.24 | 5.31 | 6.51 | 6.56 | 6.62 | 6.61 |
| Intangible Assets | 3.95 | 3.52 | 0.54 | 0.64 | 0.73 | 0.92 | 1.01 | 1.11 | 0.00 | 0.28 | 0.33 | 0.47 | 0.56 | 1.08 | 1.46 | 1.76 | 2.01 |
| Total Non-current Assets* | 25.51 | 26.45 | 26.93 | 25.35 | 25.95 | 35.06 | 50.41 | 52.45 | 57.40 | 65.61 | 67.28 | 68.35 | 77.30 | 79.94 | 80.86 | 81.61 | 80.62 |
| Total Assets | 151.00 | 154.57 | 150.28 | 152.04 | 151.43 | 166.72 | 168.90 | 168.36 | 186.95 | 191.28 | 190.67 | 194.27 | 162.32 | 162.09 | 170.39 | 176.55 | 178.26 |
| Accounts Payable | 6.95 | 8.91 | 4.01 | 3.23 | 3.36 | 10.20 | 9.62 | 6.95 | 3.64 | 12.19 | 5.45 | 9.63 | 10.87 | 10.91 | 9.10 | 11.81 | 8.19 |
| Total Current Liabilities | 16.69 | 19.37 | 15.21 | 13.09 | 13.06 | 23.62 | 25.10 | 22.90 | 25.71 | 25.93 | 27.78 | 34.69 | 33.06 | 31.46 | 31.99 | 42.70 | 39.80 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 6.93 | 6.93 |
| Total Non-current Liabilities* | 3.87 | 3.67 | 4.02 | 0.56 | 0.57 | 0.41 | 0.42 | 0.40 | 4.23 | 4.65 | 5.10 | 4.99 | 5.23 | 5.59 | 6.42 | 6.98 | 7.89 |
| Total Liabilities | 20.56 | 23.04 | 19.23 | 13.66 | 13.62 | 24.02 | 25.53 | 23.30 | 29.95 | 30.58 | 32.87 | 39.68 | 38.29 | 37.05 | 38.42 | 49.68 | 47.69 |
| Retained Earnings | (19.38) | (19.55) | (20.47) | (13.53) | (14.46) | (8.44) | (7.24) | (4.87) | 8.60 | 12.85 | 11.92 | 11.35 | (18.30) | (16.86) | (8.09) | (12.10) | (6.43) |
| Total Stockholder Equity | 130.44 | 131.53 | 131.05 | 138.38 | 137.81 | 142.70 | 143.38 | 145.07 | 157.01 | 160.70 | 157.79 | 154.59 | 124.03 | 125.04 | 131.97 | 126.88 | 130.57 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 33.72 | 32.32 | 30.52 | 28.45 | 26.62 | 25.41 | 26.92 | 28.97 | 28.67 | 29.27 | 31.46 | 33.55 | 34.17 | 33.69 | 36.01 | 35.17 | 41.84 | 41.09 | 43.13 | 42.98 |
| Research & Development | 0.81 | 0.73 | 0.39 | 0.97 | 0.92 | 1.19 | 1.67 | 1.41 | 2.33 | 3.04 | 2.02 | 2.40 | 2.42 | 2.57 | (0.78) | 2.75 | 3.76 | 4.65 | 4.36 | 4.34 |
| Selling, General & Admin | 4.36 | 3.88 | 4.48 | 3.69 | 3.58 | 3.54 | 3.30 | 3.79 | 4.13 | 5.29 | 5.76 | 4.37 | 4.12 | 4.65 | 5.12 | 5.56 | 6.90 | 7.08 | 6.28 | 6.67 |
| Operating Income | (0.08) | (0.12) | (0.93) | (7.63) | (0.37) | (2.24) | (3.20) | (1.99) | (2.89) | (3.80) | (12.09) | (5.03) | 0.32 | (0.55) | 2.36 | (0.97) | (2.33) | (4.71) | (5.31) | (3.23) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 |
| Pretax Income | 0.37 | 0.71 | 0.05 | (6.92) | 1.03 | (1.68) | (4.01) | (1.15) | (2.38) | (3.08) | (11.93) | (4.15) | 0.97 | 0.01 | 2.21 | (0.01) | (1.21) | (4.36) | (4.13) | 4.03 |
| Tax Provision | 0.20 | 0.13 | (0.28) | 0.02 | 0.11 | 0.03 | 0.30 | 0.05 | -0.00 | 0.08 | 0.16 | 0.10 | 0.05 | 0.02 | (0.10) | 0.08 | 0.24 | 0.33 | (0.05) | 0.02 |
| Net Income | 0.16 | 0.59 | 0.33 | (6.93) | 0.93 | (1.71) | (4.31) | (1.20) | (2.38) | (3.16) | (12.09) | (4.25) | 0.93 | (0.01) | 0.59 | 29.65 | (1.44) | (4.69) | (4.08) | 4.02 |
| Basic EPS | 0.01 | 0.03 | 0.02 | (0.36) | 0.05 | (0.09) | (0.23) | (0.06) | (0.12) | (0.16) | (0.64) | (0.22) | 0.05 | 0.00 | 0.04 | 1.58 | (0.08) | (0.25) | (0.23) | 0.22 |
| Diluted EPS | 0.01 | 0.03 | 0.02 | (0.36) | 0.05 | (0.09) | (0.23) | (0.06) | (0.12) | (0.16) | (0.64) | (0.22) | 0.05 | 0.00 | 0.04 | 1.58 | (0.08) | (0.25) | (0.23) | 0.22 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 1.88 | (8.26) | 3.39 | 9.90 | 5.10 | (1.28) | 0.40 | 1.88 | (14.66) | (0.79) | 5.21 | 0.51 | 3.59 | (6.78) | 10.36 | 1.77 | 0.28 | (3.51) | 1.00 | (2.90) |
| Capital Expenditures | 1.21 | 2.59 | 2.34 | 1.51 | 2.35 | 1.15 | 0.85 | 1.47 | 2.71 | 2.40 | 3.46 | 2.43 | 2.64 | 2.10 | 3.39 | 2.99 | 3.64 | 4.37 | 3.50 | 4.72 |
| Free Cash Flow* | 0.67 | (10.85) | 1.05 | 8.38 | 2.75 | (2.43) | (0.44) | 0.42 | (17.37) | (3.19) | 1.74 | (1.92) | 0.95 | (8.88) | 6.97 | (1.22) | (3.36) | (7.88) | (2.51) | (7.62) |
| Investing Cash Flow | (1.53) | (2.36) | (5.87) | 7.15 | 3.17 | (0.56) | 35.88 | 2.06 | 13.58 | 0.87 | (5.49) | (3.18) | (3.34) | (2.70) | (3.92) | 1.97 | 2.22 | 0.11 | 0.48 | 3.27 |
| Financing Cash Flow | (1.77) | (0.11) | (0.37) | (0.10) | (1.07) | (0.16) | 0.01 | 0.00 | 0.00 | 0.10 | 0.00 | 0.24 | 1.35 | 0.76 | 0.11 | 0.40 | 0.08 | 0.12 | 0.03 | 0.31 |
* Derived from reported values
