| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 32.32 | 27.2% |
| Total Income | 32.32 | 27.2% |
| Expenditure | 32.44 | 17.3% |
| PBT | 0.71 | 142.0% |
| Net Profit | 0.59 | 134.5% |
| OPM | -0.36% | 8.46pp |
| NPM | 1.82% | 8.55pp |
| EPS | 0.03 | 133.3% |
KVH Industries Reports Q1 2026 Revenue Up 27% Y-o-Y
06 May 2026 · 6 May, 6:26 pm
Summary
KVH Industries reported a 27% increase in revenue for the first quarter of 2026, reaching $32.3 million compared to $25.4 million in the first quarter of 2025. Service revenues increased by $6.5 million to $28.2 million, driven by growth in LEO service sales. The company achieved net income of $0.6 million, or $0.03 per share, a significant improvement from the net loss of $1.7 million, or $0.09 per share, in the same quarter of the previous year. Non-GAAP adjusted EBITDA also saw substantial growth, reaching $2.8 million compared to $1.0 million in the first quarter of 2025.
Key Highlights
- 1
Total revenues in the first quarter of 2026 increased sequentially from the fourth quarter of 2025 by $1.8 million, or 6%, to $32.3 million.
- 2
Total revenues increased by 27% in the first quarter of 2026 from $25.4 million in the first quarter of 2025.
- 3
Service revenue increased by $6.5 million, or 30%, in the first quarter of 2026 compared to the first quarter of 2025, reaching $28.2 million.
- 4
Net income in the first quarter of 2026 was $0.6 million, or $0.03 per share, compared to a net loss of $1.7 million, or $0.09 per share, in the first quarter of 2025.
- 5
Non-GAAP adjusted EBITDA was $2.8 million in the first quarter of 2026, compared to $1.0 million in the first quarter of 2025.
- 6
LEO service sales represented over 45% of airtime service sales for the three months ended March 31, 2026, compared to less than 30% for the three months ended March 31, 2025.
Management Comments
Brent C. Bruun
The LEO market continues to expand, and our first-quarter results demonstrate that KVH is well positioned to capitalize on this trend. Strong Starlink adoption has driven record connectivity unit shipments and sustained subscriber growth, underscoring the strength of our multi-orbit platform and the confidence our customers place in KVH.
Informational and educational content only. Not investment advice.