KVH Industries, Inc. (KVHI) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 121.07M | 117.8M | 119.7M | 123M | 121.58M | 122.58M | 131.67M | 118.49M | 115.92M | 118.82M | 129.55M | 125.67M | 123.39M | 131.2M | 125.92M | 85.01M | 82.15M | 87.83M | 89.53M | 94.94M |
| Cash & Short-Term Investments | 59.15M | 69.91M | 72.8M | 55.93M | 48.6M | 50.57M | 49.77M | 49.26M | 66.64M | 69.77M | 69.19M | 70.97M | 68.66M | 76.74M | 69.57M | 15.55M | 16.68M | 24.52M | 27.03M | 34.37M |
| Cash Only | 59.15M | 69.91M | 72.8M | 55.93M | 48.6M | 50.57M | 14.4M | 10.36M | 11.44M | 11.29M | 11.48M | 14.01M | 12.38M | 21.06M | 14.4M | 10.39M | 8.04M | 11.38M | 9.88M | 9.22M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 35.37M | 38.9M | 55.2M | 58.48M | 57.71M | 56.97M | 56.28M | 55.68M | 55.17M | 5.16M | 8.65M | 13.15M | 17.15M | 25.14M |
| Accounts Receivable | 28.81M | 25.05M | 24.3M | 25.35M | 23.2M | 21.62M | 24.76M | 27.33M | 25.96M | 25.67M | 29.32M | 28.14M | 27.66M | 27.43M | 29.04M | 34.63M | 35.55M | 29M | 33.03M | 34.14M |
| Days Sales Outstanding | 75 | 74.38 | 80.27 | 82.97 | 79.36 | 79.26 | 82.7 | 84.57 | 80.27 | 81.68 | 79.62 | 75.58 | 72.6 | 72.15 | 83.29 | 92.42 | 87.62 | 66.16 | 89.86 | 68.61 |
| Inventory | 13.22M | 14.86M | 13.39M | 20.26M | 21.98M | 22.95M | 25.2M | 22.71M | 19.09M | 19.05M | 26.42M | 24.18M | 23.89M | 22.73M | 23.88M | 30.98M | 25.66M | 15.83M | 24.64M | 22.3M |
| Days Inventory Outstanding | - | 60.44 | 58.33 | 109.91 | 112.49 | 111.92 | 111.91 | 96.22 | 89.66 | 69.56 | 112.18 | 100.54 | 98.07 | 91.58 | 114.05 | 126.36 | 91.79 | 63.05 | 96.96 | 73.2 |
| Other Current Assets | 6.05M | 7.98M | 9.2M | 13.13M | 15.9M | 27.43M | 31.94M | 0 | 4.22M | 4.33M | 4.62M | 2.38M | 3.19M | 1.24M | 0 | 0 | 0 | 15.84M | 0 | 0 |
| Total Non-Current Assets | 33.49M | 33.7M | 30.58M | 29.04M | 29.86M | 32.51M | 35.05M | 50.41M | 52.45M | 53.82M | 57.4M | 65.61M | 67.28M | 69.33M | 68.35M | 77.3M | 79.94M | 80.96M | 80.86M | 81.61M |
| Property, Plant & Equipment | 26.45M | 26.96M | 26.93M | 25.35M | 25.95M | 28.38M | 31M | 46.18M | 47.85M | 48.75M | 50.6M | 52.37M | 53.57M | 55.29M | 54.34M | 62.77M | 63.04M | 56M | 63.57M | 63.59M |
| Fixed Asset Turnover | 1.21x | 1.13x | 1.09x | 1.04x | 0.94x | 0.91x | 0.75x | 0.61x | 0.61x | 0.62x | 0.64x | 0.63x | 0.63x | 0.66x | 0.60x | 0.55x | 0.56x | 0.72x | 0.54x | 0.69x |
| Goodwill | 732K | 732K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.35M | 5.33M | 5.31M | 5.24M | 5.31M | 6.51M | 6.57M | 6.56M | 6.62M |
| Intangible Assets | 3.52M | 3.72M | 537K | 636K | 733K | 828K | 922K | 1.01M | 1.1M | 1.19M | 0 | 283K | 325K | 404K | 467K | 564K | 1.08M | 1.29M | 1.46M | 1.76M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.07M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2.19M | 1.69M | 2.97M | 2.92M | 3.04M | 3.15M | 2.91M | 3M | 3.27M | 3.62M | 6.54M | 7.34M | 7.79M | 0 | 8.25M | 8.6M | 9.25M | 17.05M | 9.23M | 9.6M |
| Total Assets | 154.56M | 151.5M | 150.28M | 152.04M | 151.43M | 155.08M | 166.72M | 168.9M | 168.36M | 172.63M | 186.95M | 191.28M | 190.67M | 200.53M | 194.27M | 162.32M | 162.09M | 168.79M | 170.39M | 176.55M |
| Asset Turnover | 0.21x | 0.20x | 0.19x | 0.18x | 0.17x | 0.17x | 0.17x | 0.17x | 0.17x | 0.17x | 0.18x | 0.18x | 0.17x | 0.18x | 0.20x | 0.21x | 0.20x | 0.25x | 0.20x | 0.24x |
| Asset Growth % | 2.07% | -2.31% | -9.86% | -9.98% | -10.05% | -10.17% | -10.82% | -11.7% | -11.7% | -13.91% | -3.77% | 17.84% | 17.63% | 18.8% | 14.02% | -8.06% | -9.07% | -8.06% | -10.9% | -7.07% |
| Total Current Liabilities | 19.37M | 16.67M | 15.21M | 13.09M | 13.06M | 15.87M | 23.61M | 25.1M | 22.89M | 24.97M | 25.71M | 25.93M | 27.77M | 38.87M | 34.69M | 33.06M | 31.46M | 33.88M | 31.99M | 42.7M |
| Accounts Payable | 8.91M | 4.5M | 4.01M | 3.23M | 3.35M | 4.32M | 10.2M | 9.62M | 6.95M | 4.78M | 3.64M | 12.19M | 5.45M | 20.45M | 9.63M | 10.87M | 10.91M | 9.5M | 9.1M | 11.81M |
| Days Payables Outstanding | - | 18.2 | 12.55 | 17.14 | 19.2 | 33.73 | 46.28 | 38.12 | 27.57 | 12.89 | 35.11 | 36.9 | 54.48 | 59.1 | 42.61 | 48.58 | 45.15 | 28.98 | 43.19 | 32.48 |
| Short-Term Debt | 627K | 547K | 591K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.93M |
| Deferred Revenue (Current) | 1.97M | 1.16M | 1.35M | 1.46M | 1.81M | 1.04M | 1.54M | 1.59M | 2.17M | 1.77M | 3.27M | 3.31M | 3.68M | 3.11M | 3.82M | 4.07M | 4.6M | 3.78M | 4.13M | 4.25M |
| Other Current Liabilities | 5.15M | 10.47M | 5.01M | 3.76M | 3.57M | 5.45M | 4.98M | 5.76M | 5.26M | 5.14M | 5.63M | 4.92M | 4.81M | 8.26M | 7.88M | 6.78M | 6.54M | 10.67M | 7.31M | 7.64M |
| Current Ratio | 6.25x | 7.07x | 7.87x | 9.39x | 9.31x | 7.72x | 5.58x | 4.72x | 5.06x | 4.76x | 5.04x | 4.85x | 4.44x | 3.38x | 3.63x | 2.57x | 2.61x | 2.59x | 2.80x | 2.22x |
| Quick Ratio | 5.57x | 6.18x | 6.99x | 7.85x | 7.63x | 6.28x | 4.51x | 3.82x | 4.23x | 4.00x | 4.01x | 3.91x | 3.58x | 2.79x | 2.94x | 1.63x | 1.80x | 2.12x | 2.03x | 1.70x |
| Cash Conversion Cycle | - | 116.62 | 126.05 | 175.74 | 172.65 | 157.45 | 148.33 | 142.66 | 142.37 | 138.35 | 156.69 | 139.23 | 116.2 | 104.63 | 154.73 | 170.2 | 134.26 | 100.23 | 143.63 | 109.32 |
| Total Non-Current Liabilities | 3.67M | 3.85M | 4.02M | 565K | 566K | 584K | 408K | 423K | 400K | 290K | 4.23M | 4.65M | 5.1M | 5.01M | 4.99M | 5.23M | 5.59M | 5.93M | 6.42M | 6.97M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 3.66M | 3.84M | 4.02M | 562K | 525K | 569K | 406K | 421K | 398K | 289K | 272K | 371K | 376K | 636K | 472K | 748K | 941K | 1.22M | 1.7M | 2.11M |
| Deferred Tax Liabilities | 5K | 5K | 3K | 3K | 41K | 15K | 0 | 2K | 2K | 1K | 55K | 57K | 56K | 55K | 184K | 200K | 210K | 215K | 375K | 386K |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 2K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8K | 8K | 30K | 96K | 161K |
| Total Liabilities | 23.04M | 20.52M | 19.23M | 13.66M | 13.62M | 16.46M | 24.02M | 25.52M | 23.3M | 25.26M | 29.95M | 30.58M | 32.87M | 43.87M | 39.68M | 38.29M | 37.05M | 39.82M | 38.42M | 49.68M |
| Total Debt | 4.29M | 4.39M | 4.61M | 1.21M | 1.03M | 1.23M | 1.1M | 1.39M | 1.61M | 1.07M | 1.19M | 1.58M | 1.77M | 2.17M | 1.44M | 2.11M | 2.51M | 3.14M | 3.71M | 11.55M |
| Net Debt | -54.87M | -65.52M | -68.2M | -54.72M | -47.57M | -49.34M | -13.3M | -8.97M | -9.83M | -10.22M | -10.29M | -12.43M | -10.61M | -18.89M | -12.97M | -8.29M | -5.52M | -8.24M | -6.17M | 2.32M |
| Debt / Equity | 0.03x | 0.03x | 0.04x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.02x | 0.02x | 0.02x | 0.03x | 0.09x |
| Debt / EBITDA | - | 2.67x | - | 0.54x | 1.60x | - | 0.86x | 1.63x | - | - | - | 0.43x | 0.54x | 0.56x | 0.55x | 0.74x | - | - | 13.95x | - |
| Net Debt / EBITDA | - | -39.88x | - | -24.47x | -73.75x | - | -10.44x | -10.57x | - | - | - | -3.42x | -3.22x | -4.87x | -4.94x | -2.90x | - | - | -23.19x | - |
| Interest Coverage | -19.67x | - | - | - | - | - | -573.00x | - | - | -11929.00x | - | - | - | - | -13.00x | 47.00x | -3937.00x | -1031.25x | 185.30x | -398.64x |
| Total Equity | 131.53M | 130.98M | 131.05M | 138.38M | 137.81M | 138.63M | 142.7M | 143.38M | 145.07M | 147.37M | 157.01M | 160.7M | 157.79M | 156.66M | 154.59M | 124.03M | 125.03M | 128.98M | 131.97M | 126.88M |
| Equity Growth % | -4.56% | -5.51% | -8.16% | -3.48% | -5% | -5.94% | -9.11% | -10.78% | -8.06% | -5.93% | 1.56% | 29.57% | 26.2% | 21.46% | 17.14% | -2.24% | -4.24% | -2.2% | -6.04% | -8.71% |
| Book Value per Share | 6.77 | 6.75 | 6.77 | 7.12 | 7.07 | 7.15 | 7.34 | 7.40 | 7.52 | 7.66 | 8.16 | 8.34 | 8.29 | 8.25 | 8.26 | 6.68 | 6.78 | 7.01 | 7.11 | 6.98 |
| Total Shareholders' Equity | 131.53M | 130.98M | 131.05M | 138.38M | 137.81M | 138.63M | 142.7M | 143.38M | 145.07M | 147.37M | 157.01M | 160.7M | 157.79M | 156.66M | 154.59M | 124.03M | 125.03M | 128.98M | 131.97M | 126.88M |
| Common Stock | 213K | 213K | 213K | 212K | 212K | 212K | 213K | 212K | 212K | 211K | 211K | 210K | 208K | 206K | 206K | 205K | 203K | 203K | 203K | 202K |
| Retained Earnings | -19.55M | -20.14M | -20.47M | -13.53M | -14.46M | -12.75M | -8.44M | -7.24M | -4.87M | -1.7M | 8.6M | 12.85M | 11.92M | 11.94M | 11.35M | -18.3M | -16.86M | -12.16M | -8.09M | -12.1M |
| Treasury Stock | -14.04M | -13.83M | -13.46M | -13.35M | -12.25M | -12.09M | -12.09M | -12.09M | -12.09M | -12.09M | -12.09M | -12.09M | -12.09M | -11.85M | -11.85M | -11.85M | -11.85M | -11.85M | -11.85M | -11.85M |
| Accumulated OCI | -4.39M | -4.16M | -3.71M | -3.03M | -3.31M | -4.03M | -3.86M | -3.99M | -3.96M | -4.18M | -4.22M | -3.96M | -4.03M | -4.11M | -4.67M | -4.02M | -3.6M | -3.41M | -3.34M | -2.97M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |