What is Kore Group Holdings's earnings per share (EPS)?

Kore Group Holdings (KORGW) reported diluted earnings per share of $-7.59 for fiscal year 2024. This represents a 23.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Kore Group Holdings Financials

KORGW

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Kore Group Holdings (KORGW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).

Financial Health Signals

Financial Profile 22/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Kore Group Holdings has an operating margin of -35.9%, meaning the company retains $-36 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -42.9% the prior year.

Growth

Kore Group Holdings's revenue grew a modest 3.4% year-over-year to $286.1M. This slow but positive growth earns a score of 39/100.

Liquidity

Kore Group Holdings's current ratio of 1.21 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 19/100, which could limit financial flexibility.

Cash Flow

Kore Group Holdings has a free cash flow margin of 2.5%, earning a moderate score of 31/100. The company generates positive cash flow after capital investments, but with room for improvement.

Piotroski F-Score Neutral

4/9

Kore Group Holdings passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-0.07x

For every $1 of reported earnings, Kore Group Holdings generates $-0.07 in operating cash flow ($9.9M OCF vs -$146.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$286.1M

YoY+3.4%

5Y CAGR+11.1%

Kore Group Holdings generated $286.1M in revenue in fiscal year 2024. This represents an increase of 3.4% from the prior year.

EBITDA

-$46.6M

YoY+22.9%

Kore Group Holdings's EBITDA was -$46.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 22.9% from the prior year.

Net Income

-$146.1M

YoY+12.6%

Kore Group Holdings reported -$146.1M in net income in fiscal year 2024. This represents an increase of 12.6% from the prior year.

EPS (Diluted)

$-7.59

YoY+23.9%

Kore Group Holdings earned $-7.59 per diluted share (EPS) in fiscal year 2024. This represents an increase of 23.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$7.1M

YoY+165.4%

5Y CAGR-9.8%

Kore Group Holdings generated $7.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 165.4% from the prior year.

Cash & Debt

$19.4M

YoY-28.5%

5Y CAGR+17.4%

Kore Group Holdings held $19.4M in cash against $295.7M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

17M

YoY+3.2%

Kore Group Holdings had 17M shares outstanding in fiscal year 2024. This represents an increase of 3.2% from the prior year.

Margins & Returns

Gross Margin

55.9%

YoY+2.4pp

5Y CAGR-6.5pp

Kore Group Holdings's gross margin was 55.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.4 percentage points from the prior year.

Operating Margin

-35.9%

YoY+7.0pp

5Y CAGR-28.9pp

Kore Group Holdings's operating margin was -35.9% in fiscal year 2024, reflecting core business profitability. This is up 7.0 percentage points from the prior year.

Net Margin

-51.1%

YoY+9.3pp

5Y CAGR-37.2pp

Kore Group Holdings's net profit margin was -51.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 9.3 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

$431K

YoY-84.4%

5Y CAGR+40.0%

Kore Group Holdings spent $431K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 84.4% from the prior year.

Capital Expenditures

$2.8M

YoY-36.7%

5Y CAGR+3.3%

Kore Group Holdings invested $2.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 36.7% from the prior year.

KORGW Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$286.1M+3.4%	$276.6M+3.0%	$268.4M+8.2%	$248.2M+16.1%	$213.8M+26.4%	$169.2M
Cost of Revenue	$126.2M-1.9%	$128.6M-0.5%	$129.2M+6.4%	$121.4M+23.9%	$97.9M+53.8%	$63.7M
Gross Profit	$159.9M+8.0%	$148.0M+6.3%	$139.3M+9.8%	$126.9M+9.5%	$115.8M+9.8%	$105.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	$112.2M+21.6%	$92.3M+26.6%	$72.9M+11.6%	$65.3M
Operating Income	-$102.8M+13.4%	-$118.8M-39.1%	-$85.4M-448.7%	-$15.6M-63.1%	-$9.5M+19.4%	-$11.8M
Interest Expense	N/A	N/A	$31.4M+34.9%	$23.3M-1.0%	$23.5M-5.2%	$24.8M
Income Tax	-$5.9M-42.8%	-$4.2M+60.1%	-$10.4M-18.7%	-$8.8M-65.0%	-$5.3M+58.9%	-$12.9M
Net Income	-$146.1M+12.6%	-$167.0M-57.3%	-$106.2M-328.6%	-$24.8M+29.6%	-$35.2M-50.2%	-$23.4M
EPS (Diluted)	$-7.59+23.9%	$-9.97	$-1.40-34.6%	$-1.04+46.9%	$-1.96-35.2%	$-1.45

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$68.7M-3.6%	$71.3M-1.2%	$72.1M-1.6%	$73.3M+6.4%	$68.9M+1.6%	$67.9M-10.7%	$76.0M+4.8%	$72.5M
Cost of Revenue	$30.7M-3.7%	$31.9M-3.4%	$33.0M+3.2%	$32.0M+4.1%	$30.7M+5.0%	$29.2M-14.5%	$34.2M-3.7%	$35.5M
Gross Profit	$37.9M-3.5%	$39.3M+0.6%	$39.1M-5.4%	$41.3M+8.2%	$38.2M-1.1%	$38.6M-7.5%	$41.8M+13.1%	$36.9M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-$4.2M+19.4%	-$5.2M-112.7%	-$2.5M+81.2%	-$13.1M-132.6%	-$5.6M+92.7%	-$76.7M-939.2%	-$7.4M+41.7%	-$12.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$4.6M-408.8%	$1.5M+34.0%	$1.1M+132.1%	-$3.5M-737.6%	-$412K+75.1%	-$1.7M-293.8%	-$420K-109.0%	-$201K
Net Income	-$12.7M+24.7%	-$16.9M-13.2%	-$14.9M+41.4%	-$25.4M-31.1%	-$19.4M+76.8%	-$83.6M-375.5%	-$17.6M+47.8%	-$33.7M
EPS (Diluted)	$-0.64+25.6%	$-0.86-11.7%	$-0.77	N/A	$-1.00+77.1%	$-4.37	$-0.93	N/A

KORGW Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$455.8M-22.3%	$587.0M-14.8%	$688.7M-9.4%	$760.3M+8.6%	$700.0M	N/A
Current Assets	$80.0M-21.6%	$102.0M-1.2%	$103.2M-36.0%	$161.4M+159.2%	$62.3M	N/A
Cash & Equivalents	$19.4M-28.5%	$27.1M-21.7%	$34.6M-59.7%	$86.0M+733.0%	$10.3M+18.7%	$8.7M
Inventory	$6.7M-19.0%	$8.2M-18.3%	$10.1M-35.0%	$15.5M+164.8%	$5.8M	N/A
Accounts Receivable	$44.0M-16.1%	$52.4M+17.7%	$44.5M-13.7%	$51.6M+26.9%	$40.7M	N/A
Goodwill	$228.8M-22.4%	$295.0M-20.2%	$369.7M-3.6%	$383.4M-0.2%	$384.2M+0.5%	$382.2M
Total Liabilities	$555.4M+1.0%	$550.0M+8.3%	$508.0M+3.1%	$492.8M-27.9%	$683.5M	N/A
Current Liabilities	$66.1M-8.2%	$72.0M+47.4%	$48.8M-0.4%	$49.0M-6.1%	$52.2M	N/A
Long-Term Debt	$295.7M-0.2%	$296.1M-28.5%	$413.9M+3.7%	$399.1M+33.7%	$298.4M	N/A
Total Equity	-$99.6M-369.4%	$37.0M-79.5%	$180.7M-29.5%	$256.2M+1453.2%	$16.5M-79.2%	$79.2M
Retained Earnings	-$561.4M-35.2%	-$415.3M-67.3%	-$248.2M-74.4%	-$142.3M-25.2%	-$113.7M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$423.4M-2.2%	$432.9M-2.7%	$445.1M-2.3%	$455.8M-3.8%	$473.9M-2.8%	$487.7M-15.4%	$576.6M-1.8%	$587.0M
Current Assets	$82.2M+3.7%	$79.2M-1.6%	$80.5M+0.7%	$80.0M-4.2%	$83.5M-3.6%	$86.6M-12.5%	$99.0M-2.9%	$102.0M
Cash & Equivalents	$19.3M-8.0%	$21.0M+6.6%	$19.7M+1.3%	$19.4M+4.3%	$18.6M-16.4%	$22.3M-3.3%	$23.0M-15.2%	$27.1M
Inventory	$7.4M+28.7%	$5.7M-5.7%	$6.1M-8.8%	$6.7M-11.9%	$7.6M-3.7%	$7.8M+3.1%	$7.6M-7.4%	$8.2M
Accounts Receivable	$46.2M+6.9%	$43.2M-4.9%	$45.4M+3.2%	$44.0M-4.0%	$45.8M+1.5%	$45.1M-17.5%	$54.7M+4.5%	$52.4M
Goodwill	$228.8M0.0%	$228.8M0.0%	$228.8M0.0%	$228.8M0.0%	$228.8M0.0%	$228.8M-22.4%	$294.8M-0.1%	$295.0M
Total Liabilities	$569.1M+0.5%	$566.4M+1.1%	$560.0M+0.8%	$555.4M+0.8%	$551.2M+1.2%	$544.9M-1.7%	$554.3M+0.8%	$550.0M
Current Liabilities	$69.1M-3.5%	$71.6M+9.6%	$65.4M-1.1%	$66.1M+2.5%	$64.5M+2.9%	$62.6M-13.4%	$72.3M+0.5%	$72.0M
Long-Term Debt	$295.3M0.0%	$295.4M0.0%	$295.5M0.0%	$295.7M0.0%	$295.8M0.0%	$295.9M0.0%	$296.0M0.0%	$296.1M
Total Equity	-$145.7M-9.2%	-$133.5M-16.2%	-$114.9M-15.4%	-$99.6M-29.0%	-$77.2M-35.1%	-$57.2M-355.9%	$22.3M-39.6%	$37.0M
Retained Earnings	-$605.8M-2.1%	-$593.1M-2.9%	-$576.3M-2.7%	-$561.4M-4.7%	-$535.9M-3.8%	-$516.5M-19.3%	-$432.9M-4.2%	-$415.3M

KORGW Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$9.9M+254.3%	-$6.4M-139.2%	$16.4M+210.8%	-$14.8M-155.8%	$26.5M+85.7%	$14.3M
Capital Expenditures	$2.8M-36.7%	$4.4M+34.0%	$3.3M-20.7%	$4.2M+127.5%	$1.8M-23.3%	$2.4M
Free Cash Flow	$7.1M+165.4%	-$10.9M-183.2%	$13.0M+168.9%	-$18.9M-176.8%	$24.6M+107.7%	$11.9M
Investing Cash Flow	-$13.5M+33.5%	-$20.2M+67.7%	-$62.5M-366.1%	-$13.4M-15.7%	-$11.6M+77.0%	-$50.4M
Financing Cash Flow	-$3.8M-120.0%	$18.9M+502.8%	-$4.7M-104.5%	$104.1M+918.2%	-$12.7M-134.4%	$37.0M
Dividends Paid	N/A	N/A	N/A	$22.8M-15.2%	$26.9M+24.3%	$21.6M
Share Buybacks	$431K-84.4%	$2.8M	$0	N/A	$200K+150.0%	$80K

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$1.1M-74.1%	$4.1M+42.7%	$2.9M+1.2%	$2.8M+141.5%	$1.2M-70.5%	$4.0M+109.3%	$1.9M+117.4%	-$10.9M
Capital Expenditures	$184K-85.7%	$1.3M+918.3%	$126K-85.4%	$863K+325.1%	$203K-76.5%	$864K-1.5%	$877K-14.3%	$1.0M
Free Cash Flow	$879K-68.8%	$2.8M+2.5%	$2.7M+39.0%	$2.0M+103.2%	$973K-68.8%	$3.1M+204.0%	$1.0M+108.6%	-$11.9M
Investing Cash Flow	-$2.2M+12.8%	-$2.5M-10.5%	-$2.3M-78.2%	-$1.3M+62.3%	-$3.4M+17.2%	-$4.1M+12.5%	-$4.7M-1.1%	-$4.6M
Financing Cash Flow	-$533K+5.3%	-$563K-10.0%	-$512K-29.3%	-$396K+76.0%	-$1.6M-194.6%	-$559K+52.6%	-$1.2M-105.2%	$22.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$0	N/A	N/A	N/A	$2.8M

KORGW Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	55.9%+2.4pp	53.5%+1.6pp	51.9%+0.8pp	51.1%-3.1pp	54.2%-8.2pp	62.4%
Operating Margin	-35.9%+7.0pp	-42.9%-11.1pp	-31.8%-25.5pp	-6.3%-1.8pp	-4.5%+2.5pp	-7.0%
Net Margin	-51.1%+9.3pp	-60.4%-20.8pp	-39.6%-29.6pp	-10.0%+6.5pp	-16.5%-2.6pp	-13.9%
Return on Equity	N/A	-451.8%-393.0pp	-58.8%-49.1pp	-9.7%+203.7pp	-213.4%-183.8pp	-29.6%
Return on Assets	-32.0%-3.6pp	-28.5%-13.0pp	-15.4%-12.2pp	-3.3%+1.8pp	-5.0%	N/A
Current Ratio	1.21-0.2	1.42-0.7	2.11-1.2	3.29+2.1	1.19	N/A
Debt-to-Equity	-2.97-11.0	8.01+5.7	2.29+0.7	1.56-16.5	18.09	N/A
FCF Margin	2.5%+6.4pp	-3.9%-8.8pp	4.9%+12.5pp	-7.6%-19.2pp	11.5%+4.5pp	7.0%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	55.3%+0.0pp	55.2%+1.0pp	54.2%-2.1pp	56.4%+0.9pp	55.4%-1.5pp	56.9%+1.9pp	55.0%+4.0pp	51.0%
Operating Margin	-6.1%+1.2pp	-7.3%-3.9pp	-3.4%+14.4pp	-17.8%-9.7pp	-8.2%+104.9pp	-113.0%-103.3pp	-9.7%+7.8pp	-17.5%
Net Margin	-18.5%+5.2pp	-23.7%-3.0pp	-20.7%+14.1pp	-34.7%-6.6pp	-28.2%+95.1pp	-123.2%-100.1pp	-23.2%+23.3pp	-46.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	-78.8%+12.4pp	-91.1%
Return on Assets	-3.0%+0.9pp	-3.9%-0.5pp	-3.4%+2.2pp	-5.6%-1.5pp	-4.1%+13.1pp	-17.2%-14.1pp	-3.0%+2.7pp	-5.7%
Current Ratio	1.19+0.1	1.11-0.1	1.23+0.0	1.21-0.1	1.30-0.1	1.38+0.0	1.37-0.0	1.42
Debt-to-Equity	-2.03+0.2	-2.21+0.4	-2.57+0.4	-2.97+0.9	-3.83+1.3	-5.18-18.4	13.25+5.2	8.01
FCF Margin	1.3%-2.7pp	4.0%+0.2pp	3.8%+1.1pp	2.7%+1.3pp	1.4%-3.2pp	4.6%+3.3pp	1.4%+17.8pp	-16.5%

Note: Shareholder equity is negative (-$99.6M), 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.

Frequently Asked Questions

What is Kore Group Holdings's annual revenue?

Kore Group Holdings (KORGW) reported $286.1M in total revenue for fiscal year 2024. This represents a 3.4% change compared to 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's revenue growing?

Kore Group Holdings (KORGW) revenue grew by 3.4% year-over-year, from $276.6M to $286.1M in fiscal year 2024.

Is Kore Group Holdings profitable?

No, Kore Group Holdings (KORGW) reported a net income of -$146.1M in fiscal year 2024, with a net profit margin of -51.1%.

What is Kore Group Holdings's EBITDA?

Kore Group Holdings (KORGW) had EBITDA of -$46.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Kore Group Holdings have?

As of fiscal year 2024, Kore Group Holdings (KORGW) had $19.4M in cash and equivalents against $295.7M in long-term debt.

What is Kore Group Holdings's gross margin?

Kore Group Holdings (KORGW) had a gross margin of 55.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Kore Group Holdings's operating margin?

Kore Group Holdings (KORGW) had an operating margin of -35.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Kore Group Holdings's net profit margin?

Kore Group Holdings (KORGW) had a net profit margin of -51.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Kore Group Holdings's free cash flow?

Kore Group Holdings (KORGW) generated $7.1M in free cash flow during fiscal year 2024. This represents a 165.4% 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's operating cash flow?

Kore Group Holdings (KORGW) generated $9.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Kore Group Holdings's total assets?

Kore Group Holdings (KORGW) had $455.8M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Kore Group Holdings's capital expenditures?

Kore Group Holdings (KORGW) invested $2.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Kore Group Holdings buy back shares?

Yes, Kore Group Holdings (KORGW) spent $431K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Kore Group Holdings have outstanding?

Kore Group Holdings (KORGW) had 17M shares outstanding as of fiscal year 2024.

What is Kore Group Holdings's current ratio?

Kore Group Holdings (KORGW) had a current ratio of 1.21 as of fiscal year 2024, which is considered adequate.

What is Kore Group Holdings's debt-to-equity ratio?

Kore Group Holdings (KORGW) had a debt-to-equity ratio of -2.97 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Kore Group Holdings's return on assets (ROA)?

Kore Group Holdings (KORGW) had a return on assets of -32.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Why is Kore Group Holdings's debt-to-equity ratio negative or unusual?

Kore Group Holdings (KORGW) has negative shareholder equity of -$99.6M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. 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's Piotroski F-Score?

Kore Group Holdings (KORGW) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Kore Group Holdings's earnings high quality?

Kore Group Holdings (KORGW) has an earnings quality ratio of -0.07x, considered mixed quality. 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.

How financially healthy is Kore Group Holdings?

Kore Group Holdings (KORGW) scores 22 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.