KVH Industries (KVHI) Balance Sheet: Assets & Liabilities

KVH Industries (KVHI) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), KVH Industries reported total assets of $151.50M and total liabilities of $20.52M. Shareholders' equity was $130.98M, down 5.5% from $138.63M a year earlier. Total debt stood at $4.39M against $69.91M in cash and short-term investments, a net cash position of $65.52M. That puts debt-to-equity at 0.03, compared with 0.01 a year earlier.

KVH Industries Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for KVH Industries, Inc. (KVHI) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	69.91	50.57	11.29	21.06	11.38	12.58	18.37	18.05	34.60
Short-Term Investments	0.00	0.00	58.48	55.68	13.15	25.14	29.91	0.03	8.32
Cash & Short-Term Investments	69.91	50.57	69.77	76.74	24.52	37.72	48.27	18.08	42.92
Accounts Receivable	25.05	21.62	25.67	27.43	27.77	34.77	34.35	32.16	28.32
Inventory	14.86	22.95	19.05	22.73	15.83	24.67	23.47	22.94	22.73
Other Current Assets	5.04	27.43	4.33	3.07	19.71	3.89	3.19	7.40	7.63
Total Current Assets	117.80	122.58	118.82	129.96	87.83	101.06	109.27	77.74	97.78
Non-Current Assets
Property, Plant & Equipment (Net)	26.41	28.38	48.75	55.29	56.00	63.17	59.87	53.25	43.52
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	2.66	0.00	6.97	0.00
Goodwill	0.73	0.00	0.00	5.31	6.57	6.59	15.41	32.21	33.87
Intangible Assets	3.72	0.83	1.19	0.40	1.29	2.25	4.94	10.52	15.12
Other Non-Current Assets	2.24	3.15	3.62	5.04	17.11	7.79	9.85	6.74	5.93
Total Non-Current Assets	33.70	32.51	53.82	66.29	80.96	82.53	90.12	109.91	98.46
Total Assets	151.50	155.08	172.63	196.25	168.79	183.59	199.39	187.65	196.24
Current Liabilities
Accounts Payable	4.50	4.32	4.78	20.45	9.50	11.40	15.03	16.74	15.74
Short-Term Debt	0.55	1.32	0.79	1.53	1.91	8.82	2.83	9.93	2.48
Current Portion of Long-Term Debt	-	-	-	-	-	4.99	-	-	-
Accrued Liabilities	4.50	4.41	12.49	5.52	14.16	13.75	-	-	-
Deferred Revenue	1.16	1.04	1.77	1.37	3.78	4.45	4.44	9.19	6.92
Other Current Liabilities	0.79	9.20	17.63	0.64	4.53	15.57	16.09	20.58	16.64
Total Current Liabilities	16.67	15.87	24.97	37.13	33.88	40.79	38.39	56.01	43.35
Non-Current Liabilities
Long-Term Debt	3.84	0.57	0.29	0.64	1.22	5.14	3.48	21.33	44.57
Deferred Tax Liabilities	0.01	0.02	0.00	0.06	0.22	0.42	0.76	1.70	2.63
Other Non-Current Liabilities	0.01	0.00	0.00	0.06	4.69	0.67	1.29	0.02	0.02
Total Non-Current Liabilities	3.85	0.58	0.29	0.69	5.91	10.92	11.01	32.13	47.23
Total Liabilities	20.52	16.46	25.26	37.82	39.82	51.71	49.40	88.14	90.57
Stockholders' Equity
Common Stock	0.21	0.21	0.21	0.21	0.20	0.20	0.19	0.19	0.19
Retained Earnings	-20.14	-12.75	-1.70	13.72	-12.17	-2.40	19.54	-15.40	-4.42
Accumulated Other Comprehensive Income	-4.16	-4.03	-4.19	-4.11	-3.41	-3.23	-2.77	-14.73	-11.32
Treasury Stock	13.83	12.09	12.09	11.85	11.85	-	-	-	-
Additional Paid-in Capital	168.90	155.20	153.05	160.48	156.20	137.32	133.02	129.45	121.21
Shares Outstanding	19.51	19.78	19.61	19.20	18.91	-	-	-	-
Total Stockholders' Equity	130.98	138.63	147.37	158.44	128.98	131.88	149.99	99.52	105.67
Total Liabilities & Equity	151.50	155.08	172.63	196.25	168.79	183.59	199.39	187.65	196.24

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About KVH Industries Balance Sheet

How much debt does KVH Industries have?

KVH Industries had total debt of $4.39M as of Dec 31, 2025, against $69.91M in cash and short-term investments. Its debt-to-equity ratio was 0.03. Total debt was $1.89M a year earlier.

What are KVH Industries's total assets?

KVH Industries reported total assets of $151.50M as of Dec 31, 2025, down 2.3% from $155.08M a year earlier. Total liabilities were $20.52M.

What is KVH Industries's shareholders' equity?

KVH Industries's shareholders' equity was $130.98M as of Dec 31, 2025, or about $6.71 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition