KORE · Kore Group Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $65.82M | - | $68.69M | $71.25M | $72.14M | - | $68.92M | $67.87M | $75.97M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $30.07M | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $43.22M | - | $42.16M | $44.56M | $41.58M | - | $43.83M | $95.77M | $49.14M | - |
| D&A | $13.15M | - | $13.70M | $13.58M | $13.91M | - | $14.21M | $14.42M | $13.61M | - |
| Operating Income | ($4.11M) | - | ($4.21M) | ($5.22M) | ($2.46M) | - | ($5.63M) | ($57.15M) | ($7.38M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $74.0K | - | ($4.59M) | $1.49M | $1.11M | - | ($412.0K) | ($1.44M) | ($420.0K) | - |
| Net Income | ($28.46M) | - | ($12.71M) | ($16.88M) | ($14.91M) | - | ($19.41M) | ($64.30M) | ($17.59M) | - |
| EPS - Basic | ($1.43) | - | ($0.64) | ($0.86) | ($0.77) | - | ($1.00) | ($3.36) | ($0.95) | - |
| EPS - Diluted | ($1.43) | - | ($0.64) | ($0.86) | ($0.77) | - | ($1.00) | ($3.36) | ($0.95) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $28.92M | $26.73M | $19.29M | $20.96M | $19.66M | $19.41M | $18.61M | $22.26M | $23.02M | $27.14M |
| Accounts Receivable | $41.71M | $47.00M | $46.18M | $43.18M | $45.40M | $43.98M | $45.81M | $46.67M | $54.75M | $52.41M |
| Inventory | $3.71M | $3.17M | $7.36M | $5.72M | $6.07M | $6.65M | $7.55M | $7.84M | $7.61M | $8.21M |
| Accounts Payable | $13.32M | $12.35M | $17.46M | $19.14M | $18.56M | $14.83M | $22.68M | $21.38M | $22.49M | $23.98M |
| Current Assets | $83.09M | $85.92M | $82.15M | $79.22M | $80.53M | $79.96M | $83.47M | $88.21M | $99.00M | $101.99M |
| Total Assets | $396.11M | $410.55M | $423.38M | $432.94M | $445.13M | $455.83M | $473.92M | $509.79M | $576.62M | $586.98M |
| Current Liabilities | $79.28M | $72.00M | $69.11M | $71.62M | $65.35M | $66.09M | $64.45M | $64.97M | $72.29M | $74.50M |
| Long-term Debt | $295.11M | $295.24M | $295.32M | $295.42M | $295.53M | $295.66M | $295.76M | $295.86M | $295.98M | $296.11M |
| Total Liabilities | $587.62M | $574.33M | $569.10M | $566.43M | $560.03M | $555.43M | $551.15M | $547.62M | $554.28M | $550.01M |
| Stockholders' Equity | ($191.50M) | ($163.78M) | ($145.71M) | ($133.49M) | ($114.90M) | ($99.60M) | ($77.24M) | ($37.83M) | $22.33M | $36.97M |
| Retained Earnings | ($652.79M) | ($624.33M) | ($605.85M) | ($593.14M) | ($576.26M) | ($561.36M) | ($535.91M) | ($497.17M) | ($432.87M) | ($415.28M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.71M | - | - | - | $2.87M | - | - | - | $1.90M | - |
| Investing Cash Flow | ($1.97M) | - | - | - | ($2.28M) | - | - | - | ($4.68M) | - |
| Financing Cash Flow | ($467.0K) | - | - | - | ($512.0K) | - | - | - | ($1.18M) | - |
| CapEx | $156.0K | - | - | - | $126.0K | - | - | - | $877.0K | - |
| Free Cash Flow | $4.55M | - | - | - | $2.75M | - | - | - | $1.03M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -6.2% | - | -6.1% | -7.3% | -3.4% | - | -8.2% | -84.2% | -9.7% | - |
| EBITDA margin | 13.7% | - | 13.8% | 11.7% | 15.9% | - | 12.5% | -63.0% | 8.2% | - |
| Net margin | -43.2% | - | -18.5% | -23.7% | -20.7% | - | -28.2% | -94.7% | -23.1% | - |
| Free cash flow margin | 6.9% | - | - | - | 3.8% | - | - | - | 1.4% | - |
| FCF / Net income | -0.16 | - | - | - | -0.18 | - | - | - | -0.06 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 45.7% | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -7.2% | - | -3.0% | -3.9% | -3.3% | - | -4.1% | -12.6% | -3.1% | - |
| Return on equity | 14.9% | - | 8.7% | 12.6% | 13.0% | - | 25.1% | 170.0% | -78.7% | - |
| Return on invested capital | -3.1% | - | -2.2% | -2.5% | -1.1% | - | -2.0% | -17.5% | -1.8% | - |
| Liquidity | ||||||||||
| Current ratio | 1.05 | 1.19 | 1.19 | 1.11 | 1.23 | 1.21 | 1.30 | 1.36 | 1.37 | 1.37 |
| Quick ratio | 1.00 | 1.15 | 1.08 | 1.03 | 1.14 | 1.11 | 1.18 | 1.24 | 1.26 | 1.26 |
| Cash ratio | 0.36 | 0.37 | 0.28 | 0.29 | 0.30 | 0.29 | 0.29 | 0.34 | 0.32 | 0.36 |
| Leverage | ||||||||||
| Debt / Equity | -1.54 | -1.80 | -2.03 | -2.21 | -2.57 | -2.97 | -3.83 | -7.82 | 13.25 | 8.01 |
| Debt / Assets | 0.75 | 0.72 | 0.70 | 0.68 | 0.66 | 0.65 | 0.62 | 0.58 | 0.51 | 0.50 |
| Debt / EBITDA | 32.63 | - | 31.11 | 35.37 | 25.80 | - | 34.44 | - | 47.55 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -2.07 | -2.51 | -2.91 | -3.24 | -3.87 | -4.58 | -6.14 | -13.48 | 25.82 | 15.88 |
| Liabilities / Assets | 1.48 | 1.40 | 1.34 | 1.31 | 1.26 | 1.22 | 1.16 | 1.07 | 0.96 | 0.94 |
| Efficiency | ||||||||||
| Asset turnover | 0.17 | - | 0.16 | 0.16 | 0.16 | - | 0.15 | 0.13 | 0.13 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 231d | - | 245d | 221d | 230d | - | 243d | 251d | 263d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | 16.7x | - |
| P / S | 2.7x | - | 0.7x | 0.7x | 0.7x | - | 0.6x | 0.6x | 4.9x | - |
| EV / EBITDA | 49.3x | - | 34.2x | 38.5x | 28.3x | - | 37.4x | - | 103.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -8.8% | - | -0.3% | 5.0% | -5.0% | - | 0.4% | -2.4% | 15.2% | - |
| Revenue CAGR (3y) | -0.1% | - | 0.4% | 5.5% | 9.3% | - | 0.5% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -67.2% | - | 25.2% | 90.9% | 66.7% | - | 93.6% | -496.3% | 14.8% | - |
| Net income growth (YoY) | -90.9% | - | 34.5% | 73.8% | 15.2% | - | 79.6% | -229.8% | 4.9% | - |
| EPS growth (YoY) | -85.7% | - | 36.0% | 74.4% | 18.9% | - | 9.1% | -1300.0% | -295.8% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 65.8% | - | - | - | 167.6% | - | - | - | 15.8% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -66.7% | -64.4% | -88.7% | -252.9% | - | - | - | - | -86.4% | -79.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$285.94M totalReportable Segment$285.94M · 100.0%
Product / service
$575.69M totalService$227.28M · 39.5%
Io TConnectivity And Solutions Services$216.72M · 37.6%
Hardware Sales$58.67M · 10.2%
Product$58.67M · 10.2%
Deployment Services Professional Services Referral Services And Other$10.55M · 1.8%
Hardware Sales Bill And Hold Arrangements$3.80M · 0.7%
Geographic
$285.94M totalUS$241.18M · 84.3%
Non Us$44.76M · 15.7%
Peer comparison
Same SIC group: Communications Services, NEC
Comparing KORE Group Holdings against the 5 most active filers in the same SIC group.