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Side-by-side financial comparison of KVH INDUSTRIES INC \DE\ (KVHI) and ATRenew Inc. (RERE). Click either name above to swap in a different company.

ATRenew Inc. is the larger business by last-quarter revenue ($43.2M vs $30.5M, roughly 1.4× KVH INDUSTRIES INC \DE\). ATRenew Inc. runs the higher net margin — 16.9% vs 1.1%, a 15.8% gap on every dollar of revenue.

KVH Industries Inc. is a global technology firm specializing in the design, production, and distribution of high-performance inertial navigation systems, satellite communications solutions, and motion sensing products. Its key customer segments include aerospace, defense, maritime transport, and autonomous vehicle industries, serving clients across North America, Europe, and the Asia-Pacific region.

ATRenew Inc. operates a leading pre-owned consumer electronics transaction and servicing ecosystem primarily in China. Its core services include end-to-end device recycling, professional quality inspection, certified refurbishment, and resale of smartphones, laptops, tablets and other digital products, serving both individual consumers and enterprise clients across domestic and select Southeast Asian markets.

KVHI vs RERE — Head-to-Head

Bigger by revenue
RERE
RERE
1.4× larger
RERE
$43.2M
$30.5M
KVHI
Higher net margin
RERE
RERE
15.8% more per $
RERE
16.9%
1.1%
KVHI

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
KVHI
KVHI
RERE
RERE
Revenue
$30.5M
$43.2M
Net Profit
$331.0K
$7.3M
Gross Margin
Operating Margin
-3.0%
Net Margin
1.1%
16.9%
Revenue YoY
13.4%
Net Profit YoY
107.7%
EPS (diluted)
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
KVHI
KVHI
RERE
RERE
Q4 25
$30.5M
Q3 25
$28.5M
Q2 25
$26.6M
Q1 25
$25.4M
Q4 24
$26.9M
Q3 24
$29.0M
Q2 24
$28.7M
Q1 24
$29.3M
Net Profit
KVHI
KVHI
RERE
RERE
Q4 25
$331.0K
Q3 25
$-6.9M
Q2 25
$930.0K
Q1 25
$-1.7M
Q4 24
$-4.3M
Q3 24
$-1.2M
Q2 24
$-2.4M
Q1 24
$-3.2M
Operating Margin
KVHI
KVHI
RERE
RERE
Q4 25
-3.0%
Q3 25
-26.8%
Q2 25
-1.4%
Q1 25
-8.8%
Q4 24
-11.9%
Q3 24
-6.9%
Q2 24
-10.1%
Q1 24
-13.0%
Net Margin
KVHI
KVHI
RERE
RERE
Q4 25
1.1%
Q3 25
-24.4%
Q2 25
3.5%
Q1 25
-6.7%
Q4 24
-16.0%
Q3 24
-4.1%
Q2 24
-8.3%
Q1 24
-10.8%
EPS (diluted)
KVHI
KVHI
RERE
RERE
Q4 25
$0.02
Q3 25
$-0.36
Q2 25
$0.05
Q1 25
$-0.09
Q4 24
$-0.23
Q3 24
$-0.06
Q2 24
$-0.12
Q1 24
$-0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KVHI
KVHI
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$69.9M
$228.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$131.0M
$557.1M
Total Assets
$151.5M
$722.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KVHI
KVHI
RERE
RERE
Q4 25
$69.9M
Q3 25
$72.8M
Q2 25
$55.9M
Q1 25
$48.6M
Q4 24
$50.6M
Q3 24
$49.8M
Q2 24
$49.3M
Q1 24
$66.6M
Stockholders' Equity
KVHI
KVHI
RERE
RERE
Q4 25
$131.0M
Q3 25
$131.0M
Q2 25
$138.4M
Q1 25
$137.8M
Q4 24
$138.6M
Q3 24
$142.7M
Q2 24
$143.4M
Q1 24
$145.1M
Total Assets
KVHI
KVHI
RERE
RERE
Q4 25
$151.5M
Q3 25
$150.3M
Q2 25
$152.0M
Q1 25
$151.4M
Q4 24
$155.1M
Q3 24
$166.7M
Q2 24
$168.9M
Q1 24
$168.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KVHI
KVHI
RERE
RERE
Operating Cash FlowLast quarter
$3.4M
Free Cash FlowOCF − Capex
$1.1M
FCF MarginFCF / Revenue
3.4%
Capex IntensityCapex / Revenue
7.7%
Cash ConversionOCF / Net Profit
10.25×
TTM Free Cash FlowTrailing 4 quarters
$9.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KVHI
KVHI
RERE
RERE
Q4 25
$3.4M
Q3 25
$9.9M
Q2 25
$5.1M
Q1 25
$-1.3M
Q4 24
$403.0K
Q3 24
$1.9M
Q2 24
$-14.7M
Q1 24
$-792.0K
Free Cash Flow
KVHI
KVHI
RERE
RERE
Q4 25
$1.1M
Q3 25
$8.4M
Q2 25
$2.7M
Q1 25
$-2.4M
Q4 24
$-444.0K
Q3 24
$419.0K
Q2 24
$-17.4M
Q1 24
$-3.2M
FCF Margin
KVHI
KVHI
RERE
RERE
Q4 25
3.4%
Q3 25
29.5%
Q2 25
10.3%
Q1 25
-9.5%
Q4 24
-1.6%
Q3 24
1.4%
Q2 24
-60.6%
Q1 24
-10.9%
Capex Intensity
KVHI
KVHI
RERE
RERE
Q4 25
7.7%
Q3 25
5.3%
Q2 25
8.8%
Q1 25
4.5%
Q4 24
3.1%
Q3 24
5.1%
Q2 24
9.4%
Q1 24
8.2%
Cash Conversion
KVHI
KVHI
RERE
RERE
Q4 25
10.25×
Q3 25
Q2 25
5.48×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

KVHI
KVHI

Services$28.3M93%
Products$2.2M7%

RERE
RERE

Segment breakdown not available.

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