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MARKETS / KORE
COMMUNICATIONS SERVICES, NEC · SMALL CAP

Kore Group Holdings, Inc. KORE

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$285.9M
▼ 0.0% YoY
$-63.0M
$15.8M
▲ 122.9% YoY
In brief

What this company does

KORE Group Holdings, Inc. offers IoT connectivity to the Internet and other IoT solutions to its customers. It provides advanced connectivity services, location-based services, device solutions, and managed and professional services used in the development and support of IoT solutions and applications. As of December 31, 2025, it had 403 full-time employees. It provides IoT Connectivity and IoT Solutions to enterprise customers across several key end markets, comprised of Connected Health, Fleet Management, Asset Monitoring, Retail Communications Services and Industrial IoT. Its IoT Connectivity line of business represented 78% and 79% of its revenues in 2025 and 2024, respectively, and consists primarily of IoT Connectivity services through its IoT platform 'KORE One'. Its IoT Solutions line of business represented 22% and 21% of its revenues in 2025 and 2024, respectively, and consists primarily of the sale of third-party devices, for an upfront fee per device, and outsourced platform-enabled services on a per-device per month basis. KORE Group Holdings, Inc. is a Delaware corporation whose operations are primarily located in North America, and it began operations in 2003.

Written from the business description in KORE Group Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth
USD 285.9M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 285.9 · Net income -63.0
100M200M-80M-160M2019202020212022202320242025
Compound annual growth
+2.1%
+6.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−22 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -4.4% · Net -22.0%
-20%-40%-60%2019202020212022202320242025
ROE
FY2023 · ROE -153.5%
-50%-100%-150%2019202020212022202320242025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 15.8
10M20M-8M-16M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 0.0
1M2M201920202022202320242025

Total assetsUSD 410.5M
EquityUSD -163.8M
CashUSD 26.7M
Gross debtUSD 297.1M
Net debtUSD 270.4M
Current ratio1.19×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B0.30.30.30.30.20.20.2
Operating income $B−0.0−0.1−0.1−0.1−0.0−0.0−0.0
EBITDA $B0.0−0.0−0.1−0.00.00.00.0
Income tax $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Net income $B−0.1−0.1−0.2−0.1−0.0−0.0−0.0
Free cash flow $B0.00.0−0.00.0−0.00.00.0
EPS, diluted $−3.19−7.59−9.97−1.40−1.04−1.96−1.45
Dividend / sh $·······
Payout %·······
ROE %··−153.5−47.4−17.4−73.5−29.6
Shares out B0.020.020.020.080.070.03·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 26 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityCommunications Services, NEC
Listed onnot stated in the filings
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2019

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