KORE

MKT CAP:$161M

KORE Group Holdings, Inc.

Market Cap

$161M

Communication Services·Telecommunications Services·🇺🇸 United States·NYSE

Communication·Telecommunications·🇺🇸·NYSE

Stock Price

$9.11+$4.66 (+104.72%)

Apr 22, 2026

Company Details

KORE Group Holdings, Inc. provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity, location-based, device solutions, and managed and professional services that are used in the development and support of Io...

CEO

Ronald Totton

IPO Date

Dec 11, 2020

Website

www.korewireless.com

Key Metrics TTM

Revenue

$286M

-1.6% YoY

Net Income

-$63M

EPS (Diluted)

-$3.19

Free Cash Flow

$18M

Revenue / Share

$0.01

Gross Margin

55.2%

Operating Margin

14.8%

Net Margin

-22.0%

FCF Margin

6.5%

P/S

0.6x

P/E

—

Earnings Reports

FY 2025

Mar 30, 2026

$286M-0.0%EPS -$3.19

Q4 2025

Mar 30, 2026

$74M+0.7%EPS -$0.92

Q3 2025

Nov 12, 2025

$69M-0.3%EPS -$0.64

Q2 2025

Aug 14, 2025

$71MEPS -$0.86

Q1 2025

May 15, 2025

$72M-5.0%EPS -$0.77

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$55M	$31M	$290.0K
Q2 21	$61M	$31M	-$4M
Q3 21	$68M	$33M	-$6M
Q1 22	$69M	$34M	-$7M
Q4 22	$63M	$34M	-$64M
Q1 23	$66M	$36M	-$9M
Q2 23	$70M	$38M	-$10M
Q3 23	$69M	$38M	-$88M
Q4 23	$72M	$22M	-$4M
Q1 24	$76M	$42M	-$7M
Q3 24	$69M	$38M	-$6M
Q4 24	$73M	$41M	-$13M
Q1 25	$72M	$39M	-$2M
Q2 25	$71M	$39M	-$5M
Q3 25	$69M	$38M	$9M
Q4 25	$74M	$42M	$41M

Valuation

Quarter	P/S	P/E
Q1 21	1.4x	—
Q2 21	1.4x	—
Q3 21	1.3x	—
Q1 22	1.6x	—
Q4 22	0.4x	—
Q1 23	0.4x	—
Q2 23	0.4x	—
Q3 23	0.2x	—
Q4 23	0.3x	—
Q1 24	0.3x	—
Q3 24	0.2x	—
Q4 24	0.2x	—
Q1 25	0.2x	—
Q2 25	0.2x	—
Q3 25	0.2x	—
Q4 25	0.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	-$12M	-$15M
Q2 21	-$2M	-$5M
Q3 21	$5M	$1M
Q1 22	-$4M	-$7M
Q4 22	-$4M	-$9M
Q1 23	$2M	-$3M
Q2 23	-$612.0K	-$2M
Q3 23	$3M	$2M
Q4 23	-$18M	-$19M
Q1 24	$2M	-$3M
Q3 24	$1M	$973.0K
Q4 24	$3M	$2M
Q1 25	$3M	$3M
Q2 25	$4M	$1M
Q3 25	$1M	$879.0K
Q4 25	$10M	$14M

Capital Expenditures

Quarter	CapEx
Q1 21	$3M
Q2 21	$3M
Q3 21	$4M
Q1 22	$3M
Q4 22	$5M
Q1 23	$5M
Q2 23	$2M
Q3 23	$818.0K
Q4 23	$1M
Q1 24	$5M
Q3 24	$203.0K
Q4 24	$863.0K
Q1 25	$126.0K
Q2 25	$3M
Q3 25	$184.0K
Q4 25	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	+10.6%	+10.4%
Q2 21	+19.0%	+22.2%
Q3 21	+22.8%	+29.9%
Q1 22	+20.0%	+19.0%
Q4 22	+13.0%	+130.8%
Q1 23	+8.6%	+15.3%
Q2 23	+2.4%	+7.8%
Q3 23	-0.5%	+105.5%
Q4 23	+15.9%	-39.4%
Q1 24	+15.2%	+11.7%
Q3 24	-0.9%	-5.8%
Q4 24	+6.8%	-44.8%
Q1 25	-0.4%	-3.0%
Q2 25	-6.2%	-8.3%
Q3 25	-0.3%	-20.6%
Q4 25	+0.7%	-61.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$315.0K	0.6%
Q2 21	$315.0K	0.5%
Q3 21	$4M	5.8%
Q1 22	$2M	3.0%
Q4 22	$3M	4.4%
Q1 23	$3M	3.9%
Q2 23	$3M	4.3%
Q3 23	$3M	5.0%
Q4 23	$0	0.0%
Q1 24	$3M	3.6%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$589.0K	0.8%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	-$589.0K	-0.8%

OpEx Breakdown

Quarter	SG&A
Q2 21	$23M
Q3 21	$26M
Q1 22	$28M
Q4 22	$26M
Q1 23	$30M
Q2 23	$33M
Q4 23	$26M
Q1 24	$36M
Q3 24	$30M
Q4 24	$40M
Q1 25	$28M
Q2 25	$31M
Q3 25	$28M
Q4 25	$28M

Revenue Segments

Quarter	Product	Service	Hardware Sales
Q3 21	$19M	$48M	—
Q1 22	$21M	$48M	—
Q1 24	—	$60M	$16M
Q3 24	—	$58M	$11M
Q4 24	—	$59M	$14M
Q2 25	—	$56M	$15M

Revenue by Geography

Quarter	Non-US	United States
Q2 23	$13M	$57M
Q3 23	$12M	$56M
Q2 25	$11M	$60M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$32M	$0	$32M
Q2 22	$40M	$0	$40M
Q3 22	$43M	$0	$43M
Q4 22	$35M	$0	$35M
Q1 23	$31M	$0	$31M
Q2 23	$23M	$0	$23M
Q3 23	$20M	$0	$20M
Q4 23	$27M	$0	$27M
Q1 24	$23M	$0	$23M
Q2 24	$22M	$0	$22M
Q3 24	$19M	$0	$19M
Q4 24	$19M	$0	$19M
Q1 25	$20M	$0	$20M
Q2 25	$21M	$0	$21M
Q3 25	$19M	$0	$19M
Q4 25	$27M	$0	$27M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	6M	-11.5%	+13809.3%
Q2 21	6M	0.0%	+13814.8%
Q3 21	6M	+1.4%	+6.0%
Q1 22	15M	+130.7%	+107.1%
Q4 22	15M	+3.0%	+141.1%
Q1 23	15M	+0.3%	+141.8%
Q2 23	16M	+4.3%	+148.8%
Q3 23	17M	+8.5%	+17.0%
Q4 23	18M	+6.3%	+20.7%
Q1 24	19M	+3.1%	+24.1%
Q3 24	19M	+2.5%	+21.8%
Q4 24	19M	-1.1%	+11.1%
Q1 25	19M	+0.9%	+5.4%
Q2 25	20M	+0.9%	+3.1%
Q3 25	20M	+1.6%	+2.3%
Q4 25	19.72B	+98978.9%	+102337.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q1 22	$112.3K	614
Q4 22	$105.1K	595
Q1 23	$110.9K	595
Q2 23	$116.9K	595
Q3 23	$115.3K	595
Q4 23	$120.8K	600
Q1 24	$126.6K	600
Q3 24	$114.9K	600
Q4 24	$136.0K	539
Q1 25	$133.8K	539
Q2 25	$132.2K	539
Q3 25	$127.4K	539
Q4 25	$183.3K	403

Revenue / Employee