KORE Group Holdings, Inc. (KORE) Financials
Newest figures come from the 10-Q for Q1 FY2026, filed May 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KORE SEC filings page.
KORE Group Holdings, Inc. (KORE) reported $279.6M in revenue over the twelve months to Mar 31, 2026, down 0.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue has stalled, but 2025’s operating loss sharply narrowed through below-gross-profit cost control while liabilities exceeded assets.
Revenue was essentially flat at$286M in FY2024 and$286M in FY2025, while gross margin remained broadly stable; the change was therefore operational rather than volume-driven. Operating margin improved from-35.9% to-4.4% , indicating that substantially more gross profit reached operating results even without meaningful sales growth.
Cash conversion improved: the FY2025 net loss was
Balance-sheet flexibility has deteriorated: the company moved from positive equity to negative equity, while FY2025 liabilities reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of KORE Group Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
KORE Group Holdings, Inc. has an operating margin of -4.4%, meaning the company loses $4 on every $100 of revenue. This results in a profitability score of 21/100. This is up from -35.9% the prior year.
KORE Group Holdings, Inc.'s revenue grew a modest 0.0% year-over-year to $285.9M. This slow but positive growth earns a score of 36/100.
KORE Group Holdings, Inc.'s current ratio of 1.19 is below the typical benchmark, resulting in a score of 28/100. This tight liquidity could limit financial flexibility if cash inflows slow.
KORE Group Holdings, Inc. has a free cash flow margin of 5.5%, earning a moderate score of 36/100. The company generates positive cash flow after capital investments, but with room for improvement.
KORE Group Holdings, Inc. scores -1.32, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($163.0M) relative to total liabilities ($574.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
KORE Group Holdings, Inc. passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
KORE Group Holdings, Inc. reported a net loss of $63.0M while generating $18.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
KORE Group Holdings, Inc. reported an operating loss of $12.5M against $7.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
KORE Group Holdings, Inc. generated $65.8M in revenue in Q1 2026. This represents a decrease of 8.8% from the same quarter a year earlier. Against the prior quarter it is down 10.9%.
KORE Group Holdings, Inc.'s EBITDA was $9.0M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 21.0% from the same quarter a year earlier. Against the prior quarter it is down 31.0%.
KORE Group Holdings, Inc. reported -$28.5M in net income in Q1 2026. This represents a decrease of 90.9% from the same quarter a year earlier. Against the prior quarter it is down 54.0%.
KORE Group Holdings, Inc. earned -$1.43 per diluted share (EPS) in Q1 2026. This represents a decrease of 85.7% from the same quarter a year earlier. Against the prior quarter it is down 55.4%.
Cash & Balance Sheet
KORE Group Holdings, Inc. generated $4.6M in free cash flow in Q1 2026, representing cash available after capex. This represents an increase of 65.8% from the same quarter a year earlier. Against the prior quarter it is down 51.4%.
KORE Group Holdings, Inc. held $28.9M in cash against $295.1M in long-term debt as of Q1 2026.
Not reported for Q1 2026.
Margins & Returns
KORE Group Holdings, Inc.'s gross margin was 59.4% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is up 5.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.2 percentage points.
KORE Group Holdings, Inc.'s operating margin was -6.2% in Q1 2026, reflecting core business profitability. This is down 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.4 percentage points.
KORE Group Holdings, Inc.'s net profit margin was -43.2% in Q1 2026, showing the share of revenue converted to profit. This is down 22.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 18.2 percentage points.
Not reported for Q1 2026.
Capital Allocation
KORE Group Holdings, Inc. invested $156K in capex in Q1 2026, funding long-term assets and infrastructure. This represents an increase of 60.8% from the same quarter a year earlier. Against the prior quarter it is down 85.4%.
Not reported for Q1 2026.
Not reported for Q1 2026.
KORE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $65.8M-8.8% | $73.9M+0.7% | $68.7M-0.3% | $71.3M+5.0% | $72.1M-5.0% | $73.3M+1.2% | $68.9M+0.4% | $67.9M-2.4% |
| Cost of Revenue | $26.7M-19.1% | $32.3M+1.1% | $30.7M+0.1% | $31.9M+9.1% | $33.0M-3.5% | $32.0M-10.0% | $30.7M-0.9% | $29.2M-7.8% |
| Gross Profit | $39.1M0.0% | $41.5M+0.4% | $37.9M-0.7% | $39.3M+1.9% | $39.1M-6.3% | $41.3M+11.9% | $38.2M+1.5% | $38.6M+2.1% |
| SG&A Expenses | $30.1M+8.7% | N/A | N/A | N/A | $27.7M | N/A | N/A | N/A |
| Operating Income | -$4.1M-67.2% | -$601K+95.4% | -$4.2M+25.2% | -$5.2M+93.2% | -$2.5M+66.7% | -$13.1M-3.4% | -$5.6M+93.6% | -$76.7M-700.3% |
| EBITDA | $9.0M-21.0% | $13.1M+1373.9% | $9.5M+10.5% | $8.4M+113.4% | $11.5M+84.0% | $889K-66.0% | $8.6M+111.7% | -$62.3M-1363.7% |
| Income Tax | $74K-93.3% | $415K+112.0% | -$4.6M-1013.8% | $1.5M+189.8% | $1.1M+364.0% | -$3.5M-1616.9% | -$412K+86.7% | -$1.7M-234.1% |
| Net Income | -$28.5M-90.9% | -$18.5M+27.4% | -$12.7M+34.5% | -$16.9M+79.8% | -$14.9M+15.2% | -$25.4M+24.5% | -$19.4M+79.6% | -$83.6M-328.9% |
| EPS (Basic) | -$1.43-85.7% | -$0.92+29.8% | -$0.64+36.0% | -$0.86+80.3% | -$0.77+17.2% | -$1.31-285.3% | -$1.00+81.8% | -$4.37-258.2% |
| EPS (Diluted) | -$1.43-85.7% | -$0.92+29.8% | -$0.64+36.0% | -$0.86+80.3% | -$0.77 | -$1.31 | -$1.00 | -$4.37 |
| Diluted Shares (Avg) | 20M+2.8% | N/A | 20M+2.3% | 20M+2.3% | 19M | N/A | 19M | 19M |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
KORE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $396.1M-11.0% | $410.5M-9.9% | $423.4M-10.7% | $432.9M-11.2% | $445.1M-22.8% | $455.8M-22.3% | $473.9M-19.2% | $487.7M-27.3% |
| Current Assets | $83.1M+3.2% | $85.9M+7.5% | $82.2M-1.6% | $79.2M-8.5% | $80.5M-18.7% | $80.0M-21.6% | $83.5M-9.5% | $86.6M-2.5% |
| Cash & Equivalents | $28.9M+47.2% | $26.7M+37.7% | $19.3M+3.7% | $21.0M-5.8% | $19.7M-14.6% | $19.4M-28.5% | $18.6M-5.9% | $22.3M-2.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $3.7M-38.9% | $3.2M-52.4% | $7.4M-2.5% | $5.7M-27.0% | $6.1M-20.2% | $6.7M-19.0% | $7.6M-23.9% | $7.8M+6.4% |
| Accounts Receivable | $41.7M-8.1% | $47.0M+6.9% | $46.2M+0.8% | $43.2M-4.4% | $45.4M-17.1% | $44.0M-16.1% | $45.8M-5.0% | $45.1M-4.0% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $228.8M0.0% | $228.8M0.0% | $228.8M0.0% | $228.8M0.0% | $228.8M-22.4% | $228.8M-22.4% | $228.8M-22.3% | $228.8M-38.7% |
| Total Liabilities | $587.6M+4.9% | $574.3M+3.4% | $569.1M+3.3% | $566.4M+4.0% | $560.0M+1.0% | $555.4M+1.0% | $551.2M+7.0% | $544.9M+7.2% |
| Current Liabilities | $79.3M+21.3% | $72.0M+8.9% | $69.1M+7.2% | $71.6M+14.4% | $65.4M-9.6% | $66.1M-8.2% | $64.5M+2.6% | $62.6M+16.0% |
| Non-Current Liabilities | $508.3M+2.8% | $502.3M+2.7% | $500.0M+2.7% | $494.8M+2.6% | $494.7M+2.6% | $489.3M+2.4% | $486.7M+7.6% | $482.3M+6.2% |
| Long-Term Debt | $295.1M-0.1% | $295.2M-0.1% | $295.3M-0.1% | $295.4M-0.2% | $295.5M-0.2% | $295.7M-0.2% | $295.8M-28.3% | $295.9M-0.1% |
| Total Equity | -$191.5M-66.7% | -$163.8M-64.4% | -$145.7M-88.7% | -$133.5M-133.5% | -$114.9M-614.5% | -$99.6M-369.4% | -$77.2M-208.6% | -$57.2M-135.1% |
| Retained Earnings | -$652.8M-13.3% | -$624.3M-11.2% | -$605.8M-13.1% | -$593.1M-14.8% | -$576.3M-33.1% | -$561.4M-35.2% | -$535.9M-40.4% | -$516.5M-80.5% |
KORE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.7M+65.6% | $10.4M+408.0% | $1.1M-9.6% | $4.1M+3.6% | $2.8M+49.4% | $2.1M+118.9% | $1.2M-63.1% | $4.0M+751.3% |
| Depreciation & Amortization | $13.2M-5.5% | $13.7M-1.9% | $13.7M-3.6% | $13.6M-5.9% | $13.9M+2.2% | $14.0M-8.5% | $14.2M-1.7% | $14.4M-0.6% |
| Capital Expenditures | $156K+60.8% | $1.1M+1238.8% | $184K-9.4% | $1.3M+51.9% | $97K-88.9% | $80K-92.2% | $203K-75.2% | $864K-44.9% |
| Free Cash Flow | $4.6M+65.8% | $9.4M+374.4% | $879K-9.7% | $2.8M-9.7% | $2.7M+167.6% | $2.0M+116.6% | $973K-59.0% | $3.1M+243.3% |
| Investing Cash Flow | -$2.0M+12.5% | -$2.6M-426.3% | -$2.2M+35.4% | -$2.5M+37.9% | -$2.2M+52.0% | -$495K+89.3% | -$3.4M+36.6% | -$4.1M+24.2% |
| Financing Cash Flow | -$467K+8.8% | -$460K-16.2% | -$533K+67.6% | -$563K-0.7% | -$512K+56.6% | -$396K-101.7% | -$1.6M-49.0% | -$559K+58.0% |
| Share Buybacks | N/A | $0 | N/A | N/A | N/A | $0-100.0% | N/A | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid.
KORE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.4%+5.2pp | 56.2%-0.2pp | 55.3%-0.2pp | 55.2%-1.7pp | 54.2%-0.7pp | 56.4%+5.4pp | 55.4%+0.6pp | 56.9%+2.5pp |
| Operating Margin | -6.2%-2.8pp | -0.8%+17.0pp | -6.1%+2.0pp | -7.3% | -3.4%+6.3pp | -17.8%-0.4pp | -8.2% | -113.0% |
| Net Margin | -43.2%-22.6pp | -25.0%+9.7pp | -18.5%+9.7pp | -23.7% | -20.7%+2.5pp | -34.7%+11.8pp | -28.2% | -123.2% |
| Return on Assets | -7.2%-3.8pp | -4.5%+1.1pp | -3.0%+1.1pp | -3.9%+13.3pp | -3.4%-0.3pp | -5.6%+0.2pp | -4.1%+12.2pp | -17.2%-14.3pp |
| Current Ratio | 1.05-0.2x | 1.190.0x | 1.19-0.1x | 1.11-0.3x | 1.23-0.1x | 1.21-0.2x | 1.30-0.2x | 1.38-0.3x |
| Asset Turnover | 0.170.0x | 0.180.0x | 0.160.0x | 0.160.0x | 0.160.0x | 0.160.0x | 0.150.0x | 0.140.0x |
| FCF Margin | 6.9%+3.1pp | 12.7%+10.0pp | 1.3%-0.1pp | 4.0%-0.6pp | 3.8%+2.5pp | 2.7%+19.2pp | 1.4%-2.0pp | 4.6%+7.7pp |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: Shareholder equity is negative (-$163.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| KORE Group Holdings, Inc. KORE | FY2025 | $285.9M | -$63.0M | -22.0% | $163.0M | 25/100 |
| IQSTEL INC. IQST | FY2025 | $316.9M | -$8.5M | -2.7% | $10.9M | 47/100 |
| SurgePays, Inc. SURG | FY2025 | $57.0M | -$36.1M | -63.3% | $6.9M | 12/100 |
| FingerMotion, Inc. FNGR | FY2026 | $24.1M | -$7.0M | -29.2% | $15.1M | 26/100 |
| KVH Industries Inc KVHI | FY2025 | $111.0M | -$7.4M | -6.7% | $114.8M | 49/100 |
Where KORE Group Holdings, Inc. Ranks
Frequently Asked Questions
What is KORE Group Holdings, Inc.'s annual revenue?
KORE Group Holdings, Inc. (KORE) reported $285.9M in total revenue for fiscal year 2025. That is unchanged from the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is KORE Group Holdings, Inc.'s revenue growing?
KORE Group Holdings, Inc. (KORE) revenue was essentially unchanged year-over-year, at $285.9M in fiscal year 2025 against $286.1M the year before.
Is KORE Group Holdings, Inc. profitable?
No, KORE Group Holdings, Inc. (KORE) reported a net income of -$63.0M in fiscal year 2025, with a net profit margin of -22.0%.
What is KORE Group Holdings, Inc.'s EBITDA?
KORE Group Holdings, Inc. (KORE) had EBITDA of $42.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does KORE Group Holdings, Inc. have?
As of fiscal year 2025, KORE Group Holdings, Inc. (KORE) had $26.7M in cash and equivalents against $295.2M in long-term debt.
What is KORE Group Holdings, Inc.'s gross margin?
KORE Group Holdings, Inc. (KORE) had a gross margin of 55.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is KORE Group Holdings, Inc.'s operating margin?
KORE Group Holdings, Inc. (KORE) had an operating margin of -4.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is KORE Group Holdings, Inc.'s net profit margin?
KORE Group Holdings, Inc. (KORE) had a net profit margin of -22.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is KORE Group Holdings, Inc.'s free cash flow?
KORE Group Holdings, Inc. (KORE) generated $15.8M in free cash flow during fiscal year 2025. This represents a 122.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is KORE Group Holdings, Inc.'s operating cash flow?
KORE Group Holdings, Inc. (KORE) generated $18.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are KORE Group Holdings, Inc.'s total assets?
KORE Group Holdings, Inc. (KORE) had $410.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are KORE Group Holdings, Inc.'s capital expenditures?
KORE Group Holdings, Inc. (KORE) invested $2.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is KORE Group Holdings, Inc.'s current ratio?
KORE Group Holdings, Inc. (KORE) had a current ratio of 1.19 as of fiscal year 2025, which is considered adequate.
What is KORE Group Holdings, Inc.'s return on assets (ROA)?
KORE Group Holdings, Inc. (KORE) had a return on assets of -15.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is KORE Group Holdings, Inc.'s debt-to-equity ratio negative or not reported?
KORE Group Holdings, Inc. (KORE) has negative shareholder equity of -$163.8M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is KORE Group Holdings, Inc.'s Altman Z-Score?
KORE Group Holdings, Inc. (KORE) has an Altman Z-Score of -1.32, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is KORE Group Holdings, Inc.'s Piotroski F-Score?
KORE Group Holdings, Inc. (KORE) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are KORE Group Holdings, Inc.'s earnings high quality?
KORE Group Holdings, Inc. (KORE) reported a net loss of $63.0M while generating $18.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can KORE Group Holdings, Inc. cover its interest payments?
KORE Group Holdings, Inc. (KORE) reported an operating loss of $12.5M against $7.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is KORE Group Holdings, Inc.?
KORE Group Holdings, Inc. (KORE) scores 25 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.