KVH Industries, Inc. Q4 2025 Earnings Call Summary

Management attributes the 27% Q4 service revenue growth to a deliberate strategic pivot from legacy GEO technology to high-speed LEO constellations. The company expanded its Starlink data pool by 300% via a $45 million, 18-month commitment, driven by strong and growing demand for LEO airtime across the customer base. Underlying service revenue grew 11% for the full year when excluding $7.7 million in non-recurring U.S. Coast Guard revenue, which management views as a more accurate reflection of core m ...