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KORE Group (KORE) Financials

KORE Group logo
$9.24 -0.01 (-0.05%)
Closing price 07/10/2026 03:59 PM Eastern
Extended Trading
$9.25 +0.01 (+0.05%)
As of 07/10/2026 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for KORE Group

Annual Income Statements for KORE Group

This table shows KORE Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -23 -35 -25 -106 -167 -144 -63
Consolidated Net Income / (Loss)		 -23 -35 -25 -106 -167 -146 -63
Net Income / (Loss) Continuing Operations		 -23 -35 -25 -106 -167 -146 -63
Total Pre-Tax Income 		-36 -41 -34 -117 -171 -152 -65
Total Operating Income		 -12 -9.54 -16 -85 -119 -103 -12
Total Gross Profit		 105 116 127 139 148 160 158
Total Revenue		 169 214 248 268 277 286 286
Operating Revenue		 169 214 248 268 277 286 286
Total Cost of Revenue		 64 98 121 129 129 126 128
Operating Cost of Revenue		 64 98 121 129 129 126 128
Total Operating Expenses		 117 125 143 225 267 263 170
Selling, General & Admin Expense		 65 73 92 112 130 141 116
Depreciation Expense		 48 52 50 54 58 56 55
Impairment Charge		 3.89 - 0.00 58 78 66 0.00
Total Other Income / (Expense), net		 -25 -31 -18 -31 -52 -49 -52
Interest Expense		 25 23 23 32 47 53 53
Interest & Investment Income		 - - - 0.46 0.55 1.12 0.65
Other Income / (Expense), net		 0.24 -7.49 5.27 0.25 -6.44 2.18 0.66
Income Tax Expense		 -13 -5.32 -8.78 -10 -4.16 -5.94 -1.58
Basic Earnings per Share		 ($1.45) ($1.96) ($1.04) ($1.40) ($9.97) ($7.59) ($3.19)
Weighted Average Basic Shares Outstanding		 31.17M 31.65M 41.93M 75.71M 16.76M 19.25M 19.72M
Diluted Earnings per Share		 ($1.45) ($1.96) ($1.04) ($1.40) ($9.97) ($7.59) ($3.19)
Weighted Average Diluted Shares Outstanding		 31.17M 31.65M 41.93M 75.71M 16.76M 19.25M 19.72M
Weighted Average Basic & Diluted Shares Outstanding		 - - 76.24M - - - 17.59M

Quarterly Income Statements for KORE Group

This table shows KORE Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -96 -33 -17 -84 -20 -23 -16 -17 -13 -18 -28
Consolidated Net Income / (Loss)		 -95 -34 -18 -84 -19 -25 -15 -17 -13 -18 -28
Net Income / (Loss) Continuing Operations		 -95 -34 -18 -84 -19 -25 -15 -17 -13 -18 -28
Total Pre-Tax Income 		-98 -34 -18 -85 -20 -29 -14 -15 -17 -18 -28
Total Operating Income		 -88 -13 -7.38 -77 -5.63 -13 -2.46 -5.22 -4.21 -0.60 -4.11
Total Gross Profit		 38 37 42 39 38 41 39 39 38 42 39
Total Revenue		 69 72 76 68 69 73 72 71 69 74 66
Operating Revenue		 69 72 76 68 69 73 72 71 69 74 66
Total Cost of Revenue		 31 36 34 29 31 32 33 32 31 32 27
Operating Cost of Revenue		 31 36 34 29 31 32 33 32 31 32 27
Total Operating Expenses		 125 50 49 115 44 54 42 46 42 41 43
Selling, General & Admin Expense		 33 34 36 35 30 40 28 31 28 28 30
Depreciation Expense		 14 15 14 14 14 14 14 14 14 14 13
Total Other Income / (Expense), net		 -11 -21 -11 -8.59 -14 -16 -11 -9.05 -13 -19 -24
Interest Expense		 11 15 13 13 13 13 13 13 14 13 13
Interest & Investment Income		 0.21 0.11 0.30 0.38 0.21 0.23 0.14 0.17 0.16 0.18 0.26
Other Income / (Expense), net		 0.01 -6.45 2.32 4.06 -1.14 -3.07 1.49 4.02 0.29 -5.46 -11
Income Tax Expense		 -3.09 -0.20 -0.42 -1.65 -0.41 -3.45 1.11 1.49 -4.59 0.42 0.07
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)		 0.23 -0.29 -0.24 - 0.28 - 0.94 - 0.02 - -0.84
Basic Earnings per Share		 ($5.50) ($1.99) ($0.93) ($4.37) ($1.00) ($1.20) ($0.77) ($0.86) ($0.64) ($0.89) ($1.43)
Weighted Average Basic Shares Outstanding		 17.33M 16.76M 18.99M 19.15M 19.46M 19.25M 19.43M 19.58M 19.90M 19.72M 19.97M
Diluted Earnings per Share		 ($5.50) ($1.99) ($0.93) ($4.37) ($1.00) ($1.20) ($0.77) ($0.86) ($0.64) ($0.89) ($1.43)
Weighted Average Diluted Shares Outstanding		 17.33M 16.76M 18.99M 19.15M 19.46M 19.25M 19.43M 19.58M 19.90M 19.72M 19.97M
Weighted Average Basic & Diluted Shares Outstanding		 86.71M 0.00 83.20M 17.09M 17.01M 0.00 17.16M 17.49M 17.54M 17.59M 17.59M

Annual Cash Flow Statements for KORE Group

This table details how cash moves in and out of KORE Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.72 2.00 76 -51 -7.57 -7.74 7.30
Net Cash From Operating Activities		 14 26 -15 16 -6.42 9.12 18
Net Cash From Continuing Operating Activities		 14 26 -15 16 -6.42 9.12 18
Net Income / (Loss) Continuing Operations		 -23 -35 -25 -106 -167 -146 -63
Consolidated Net Income / (Loss)		 -23 -35 -25 -106 -167 -146 -63
Depreciation Expense		 48 52 50 54 58 56 55
Amortization Expense		 2.06 2.31 2.52 2.43 4.54 3.87 3.87
Non-Cash Adjustments To Reconcile Net Income		 5.65 2.03 -0.04 71 99 77 3.24
Changes in Operating Assets and Liabilities, net		 -18 4.84 -43 -5.13 -0.90 18 19
Net Cash From Investing Activities		 -50 -12 -13 -63 -20 -13 -9.59
Net Cash From Continuing Investing Activities		 -50 -12 -13 -63 -20 -13 -9.59
Purchase of Property, Plant & Equipment		 -2.39 -1.83 -4.17 -3.31 -4.43 -2.02 -2.66
Acquisitions		 -48 -9.77 -9.25 -59 -16 -11 -7.18
Sale of Property, Plant & Equipment		 - - - - - 0.00 0.25
Net Cash From Financing Activities		 37 -13 104 -4.69 19 -3.78 -2.07
Net Cash From Continuing Financing Activities		 37 -13 104 -4.69 19 -3.78 -2.07
Repayment of Debt		 -6.06 -13 -32 -4.54 -312 -2.41 -1.85
Repurchase of Common Equity		 -0.08 -0.20 - 0.00 -2.75 -0.43 0.00
Other Financing Activities, net		 0.00 0.00 221 -0.15 -4.50 -0.94 -0.22
Effect of Exchange Rate Changes		 -0.16 -0.15 -0.23 -0.45 0.17 -0.41 0.47
Cash Interest Paid		 24 22 20 29 35 29 27
Cash Income Taxes Paid		 0.42 0.38 0.96 2.12 5.72 2.10 2.92

Quarterly Cash Flow Statements for KORE Group

This table details how cash moves in and out of KORE Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -7.85 12 -5.87 -4.66 -5.04 7.83 -2.76 -3.08 -2.73 16 -2.44
Net Cash From Operating Activities		 3.19 -11 1.90 3.99 1.18 2.06 2.85 4.10 1.06 10 4.71
Net Cash From Continuing Operating Activities		 - -6.42 0.00 - - 9.12 0.00 - - 18 0.00
Net Income / (Loss) Continuing Operations		 - -167 0.00 - - -146 0.00 - - -63 0.00
Net Cash From Investing Activities		 -5.35 -4.63 -4.69 -4.10 -3.39 -0.50 -2.25 -2.52 -2.19 -2.61 -1.97
Net Cash From Continuing Investing Activities		 -5.35 -4.63 -4.69 -4.10 -3.39 -0.50 -2.25 -2.52 -2.19 -2.61 -1.97
Purchase of Property, Plant & Equipment		 -0.82 -1.02 -0.88 -0.86 -0.20 -0.08 -0.10 -1.28 -0.18 -1.07 -0.16
Acquisitions		 -4.53 -3.61 -3.81 -3.24 -3.19 -0.42 -2.15 -1.48 -2.01 -1.53 -1.81
Net Cash From Financing Activities		 -1.11 23 -1.18 -0.56 -1.65 -0.40 -0.51 -0.56 -0.53 -0.46 -0.47
Net Cash From Continuing Financing Activities		 -1.11 23 -1.18 -0.56 -1.65 -0.40 -0.51 -0.56 -0.53 -0.46 -0.47
Repayment of Debt		 -1.34 -308 -1.02 -0.46 -0.46 -0.46 -0.46 -0.46 -0.46 -0.46 -0.46
Other Financing Activities, net		 0.23 -4.73 -0.16 -0.10 -0.75 0.07 -0.05 -0.10 -0.07 0.00 -0.00

Annual Balance Sheets for KORE Group

This table presents KORE Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 700 760 689 587 456 411
Total Current Assets		 62 161 103 102 80 86
Cash & Equivalents		 10 86 35 27 19 27
Accounts Receivable		 41 52 45 52 44 47
Inventories, net		 5.84 15 10 8.22 6.65 3.17
Prepaid Expenses		 5.43 7.36 14 14 9.92 9.02
Plant, Property, & Equipment, net		 14 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 624 599 585 485 376 325
Goodwill		 383 383 370 295 229 229
Intangible Assets		 240 203 193 168 125 83
Other Noncurrent Operating Assets		 0.98 13 23 22 22 13
Total Liabilities & Shareholders' Equity		 700 760 689 587 456 411
Total Liabilities		 416 493 508 550 555 574
Total Current Liabilities		 52 49 49 72 66 72
Short-Term Debt		 4.02 3.33 5.35 2.41 1.85 1.85
Accounts Payable		 23 16 18 24 15 12
Accrued Expenses		 17 22 16 23 32 38
Current Deferred Revenue		 7.77 6.89 7.82 9.04 8.51 9.09
Other Current Liabilities		 - 0.00 1.84 13 9.06 11
Total Noncurrent Liabilities		 364 444 459 478 489 502
Long-Term Debt		 298 399 414 296 296 295
Noncurrent Deferred & Payable Income Tax Liabilities		 43 38 25 14 4.13 0.89
Other Noncurrent Operating Liabilities		 20 6.74 20 168 190 206
Commitments & Contingencies		 - - 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 20 268 181 37 -100 -164
Total Preferred & Common Equity		 20 268 181 37 -100 -164
Total Common Equity		 20 268 181 37 -100 -164
Common Stock		 136 413 435 461 469 471
Retained Earnings		 -114 -142 -248 -415 -561 -624
Treasury Stock		 - - 0.00 -2.75 -3.19 -3.19
Accumulated Other Comprehensive Income / (Loss)		 -1.68 -3.46 -6.39 -6.07 -3.78 -6.88

Quarterly Balance Sheets for KORE Group

This table presents KORE Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 586 577 488 474 445 433 423 396
Total Current Assets		 92 99 87 83 81 79 82 83
Cash & Equivalents		 20 23 22 19 20 21 19 29
Accounts Receivable		 48 55 45 46 45 43 46 42
Inventories, net		 9.93 7.61 7.84 7.55 6.07 5.72 7.36 3.71
Prepaid Expenses		 14 14 11 12 9.42 9.36 9.32 8.76
Plant, Property, & Equipment, net		 0.00 11 0.00 0.00 7.85 0.00 0.00 5.96
Total Noncurrent Assets		 494 467 401 390 357 354 341 307
Goodwill		 295 295 229 229 229 229 229 229
Intangible Assets		 176 158 148 139 115 104 94 72
Other Noncurrent Operating Assets		 23 14 24 23 13 21 19 5.95
Total Liabilities & Shareholders' Equity		 586 577 488 474 445 433 423 396
Total Liabilities		 515 554 545 551 560 566 569 588
Total Current Liabilities		 63 72 63 64 65 72 69 79
Short-Term Debt		 4.27 1.85 1.85 1.85 1.85 1.85 1.85 1.85
Accounts Payable		 22 22 21 23 19 19 17 13
Accrued Expenses		 25 29 24 25 29 35 34 33
Current Deferred Revenue		 7.93 7.94 8.53 7.79 8.43 8.62 8.80 8.68
Other Current Liabilities		 1.43 11 6.50 6.84 7.27 6.86 6.91 22
Total Noncurrent Liabilities		 452 482 482 487 495 495 500 508
Long-Term Debt		 413 296 296 296 296 295 295 295
Noncurrent Deferred & Payable Income Tax Liabilities		 14 12 7.47 6.30 3.40 2.00 0.86 0.53
Other Noncurrent Operating Liabilities		 25 174 179 185 196 197 204 213
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 71 22 -57 -77 -115 -133 -146 -192
Total Preferred & Common Equity		 71 22 -57 -77 -115 -133 -146 -192
Total Common Equity		 71 22 -57 -77 -115 -133 -146 -192
Common Stock		 459 464 467 467 469 470 470 471
Retained Earnings		 -382 -433 -517 -536 -576 -593 -606 -653
Treasury Stock		 - -2.75 -2.75 -3.19 -3.19 -3.19 -3.19 -3.19
Accumulated Other Comprehensive Income / (Loss)		 -6.36 -5.83 -5.35 -5.63 -4.72 -6.70 -6.73 -6.04

Annual Metrics And Ratios for KORE Group

This table displays calculated financial ratios and metrics derived from KORE Group's official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 71,989,432.00 76,289,741.00 86,710,582.00 17,008,356.00 17,539,937.00
DEI Adjusted Shares Outstanding		 0.00 0.00 14,397,886.00 15,257,948.00 17,342,116.00 17,008,356.00 17,539,937.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 -1.72 -6.96 -9.61 -8.45 -3.59
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 26.37% 16.22% 8.06% 3.04% 3.43% -0.05%
EBITDA Growth		 0.00% -2.12% 12.67% -166.24% -120.98% 34.94% 215.80%
EBIT Growth		 0.00% -46.79% 39.55% -727.03% -47.09% 19.63% 88.25%
NOPAT Growth		 0.00% 19.38% -63.08% -448.70% -39.11% 13.45% 87.85%
Net Income Growth		 0.00% -50.16% 29.62% -328.64% -57.29% 12.55% 56.89%
EPS Growth		 0.00% -35.17% 46.94% -34.62% -57.29% 23.87% 57.97%
Operating Cash Flow Growth		 0.00% 85.72% -155.75% 210.83% -139.25% 242.12% 102.64%
Free Cash Flow Firm Growth		 0.00% 0.00% 97.17% -148.15% 523.31% -66.69% 9.13%
Invested Capital Growth		 0.00% 0.00% 0.98% -3.20% -45.45% -42.11% -40.29%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% -0.78% 3.77% 0.30% 0.19%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -209.20% 45.08% 11.99% 33.73%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -213.13% 26.53% 2.85% 41.06%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -211.79% 30.32% -0.42% 49.99%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -117.00% 17.68% 5.34% 9.96%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -100.00% 17.68% 4.17% 7.54%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -788.50% 7.55% -2,093.48% 337.21% 69.95%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 129.58% -70.28% 21.25%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -34.15% -11.53% -19.37%
Profitability Metrics		 - - - - - - -
Gross Margin		 62.36% 54.19% 51.15% 51.89% 53.52% 55.90% 55.23%
EBITDA Margin		 22.82% 17.67% 17.13% -10.50% -22.52% -14.17% 16.41%
Operating Margin		 -7.00% -4.46% -6.26% -31.80% -42.93% -35.93% -4.37%
EBIT Margin		 -6.86% -7.97% -4.14% -31.71% -45.26% -35.17% -4.14%
Profit (Net Income) Margin		 -13.86% -16.47% -9.97% -39.56% -60.39% -51.06% -22.02%
Tax Burden Percent		 64.43% 86.88% 73.84% 91.07% 97.57% 96.09% 97.55%
Interest Burden Percent		 313.68% 237.98% 326.00% 137.01% 136.74% 151.08% 545.83%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -2.31% -1.87% -10.40% -19.03% -29.56% -6.13%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -21.70% -6.42% -23.65% -44.61% -56.54% -25.91%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -22.47% -7.11% -36.99% -134.47% 496.05% 53.95%
Return on Equity (ROE)		 0.00% -24.78% -8.98% -47.39% -153.50% 466.50% 47.82%
Cash Return on Invested Capital (CROIC)		 0.00% -202.31% -2.85% -7.14% 39.79% 23.78% 44.33%
Operating Return on Assets (OROA)		 0.00% -2.43% -1.41% -11.75% -19.63% -19.30% -2.73%
Return on Assets (ROA)		 0.00% -5.03% -3.39% -14.66% -26.19% -28.02% -14.54%
Return on Common Equity (ROCE)		 0.00% -1.76% -4.69% -47.39% -153.50% 466.50% 47.82%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -174.12% -9.26% -58.78% -451.79% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -8.28 -6.68 -11 -60 -83 -72 -8.74
NOPAT Margin		 -4.90% -3.12% -4.38% -22.26% -30.05% -25.15% -3.06%
Net Nonoperating Expense Percent (NNEP)		 0.00% 19.39% 4.55% 13.25% 25.58% 26.98% 19.78%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - -24.78% -36.36% -6.56%
Cost of Revenue to Revenue		 37.64% 45.81% 48.85% 48.11% 46.48% 44.10% 44.77%
SG&A Expenses to Revenue		 38.60% 34.10% 37.15% 41.76% 47.07% 49.16% 40.40%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 69.36% 58.65% 57.41% 83.69% 96.46% 91.83% 59.60%
Earnings before Interest and Taxes (EBIT)		 -12 -17 -10 -85 -125 -101 -12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 39 38 43 -28 -62 -41 47
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 1.81 0.53 2.30 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 1.95 0.36 0.31 0.19 0.26
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 1.37 0.85 1.16 1.86 3.23
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 3.23 1.79 1.29 1.16 1.20
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 18.84 0.00 0.00 0.00 7.34
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 29.39 0.00 36.49 18.63
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 2.05 5.75 5.45
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 1.07 1.50 2.32 8.07 -2.99 -1.81
Long-Term Debt to Equity		 0.00 1.05 1.49 2.29 8.01 -2.97 -1.80
Financial Leverage		 0.00 1.04 1.11 1.56 3.01 -8.77 -2.08
Leverage Ratio		 0.00 2.46 2.65 3.23 5.86 -16.65 -3.29
Compound Leverage Factor		 0.00 5.86 8.63 4.43 8.01 -25.16 -17.95
Debt to Total Capital		 0.00% 51.60% 60.07% 69.88% 88.98% 150.33% 222.86%
Short-Term Debt to Total Capital		 0.00% 0.68% 0.50% 0.89% 0.72% 0.93% 1.39%
Long-Term Debt to Total Capital		 0.00% 50.92% 59.57% 68.99% 88.26% 149.39% 221.47%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 44.95% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 3.44% 39.93% 30.12% 11.02% -50.33% -122.86%
Debt to EBITDA		 0.00 8.02 9.46 -14.87 -4.79 -7.34 6.33
Net Debt to EBITDA		 0.00 7.75 7.44 -13.64 -4.36 -6.86 5.76
Long-Term Debt to EBITDA		 0.00 7.91 9.38 -14.68 -4.75 -7.29 6.29
Debt to NOPAT		 0.00 -45.36 -36.95 -7.02 -3.59 -4.13 -33.98
Net Debt to NOPAT		 0.00 -43.81 -29.06 -6.44 -3.26 -3.87 -30.93
Long-Term Debt to NOPAT		 0.00 -44.76 -36.65 -6.93 -3.56 -4.11 -33.77
Altman Z-Score		 0.00 0.00 0.79 -0.31 -1.07 -1.73 -1.41
Noncontrolling Interest Sharing Ratio		 0.00% 92.88% 47.84% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Current Ratio		 0.00 1.19 3.29 2.11 1.42 1.21 1.19
Quick Ratio		 0.00 0.98 2.81 1.62 1.11 0.96 1.02
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -585 -17 -41 174 58 63
Operating Cash Flow to CapEx		 596.11% 1,443.35% -353.74% 494.59% -144.80% 450.74% 765.82%
Free Cash Flow to Firm to Interest Expense		 0.00 -24.90 -0.71 -1.28 3.73 1.10 1.18
Operating Cash Flow to Interest Expense		 0.58 1.13 -0.63 0.51 -0.14 0.17 0.35
Operating Cash Flow Less CapEx to Interest Expense		 0.48 1.05 -0.81 0.41 -0.23 0.14 0.30
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.31 0.34 0.37 0.43 0.55 0.66
Accounts Receivable Turnover		 0.00 5.26 5.38 5.58 5.71 5.94 6.29
Inventory Turnover		 0.00 16.76 11.39 10.12 14.08 16.97 26.06
Fixed Asset Turnover		 0.00 15.59 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 4.26 6.23 7.63 6.15 6.50 9.42
Days Sales Outstanding (DSO)		 0.00 69.43 67.79 65.37 63.97 61.49 58.07
Days Inventory Outstanding (DIO)		 0.00 21.77 32.05 36.06 25.93 21.51 14.00
Days Payable Outstanding (DPO)		 0.00 85.64 58.62 47.82 59.36 56.14 38.75
Cash Conversion Cycle (CCC)		 0.00 5.56 41.21 53.61 30.53 26.86 33.32
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 578 584 565 308 179 107
Invested Capital Turnover		 0.00 0.74 0.43 0.47 0.63 1.18 2.01
Increase / (Decrease) in Invested Capital		 0.00 578 5.65 -19 -257 -130 -72
Enterprise Value (EV)		 0.00 0.00 802 481 356 333 344
Market Capitalization		 0.00 0.00 485 96 85 55 74
Book Value per Share		 $0.00 $0.64 $3.72 $2.37 $0.43 ($5.86) ($9.34)
Tangible Book Value per Share		 $0.00 ($19.04) ($4.42) ($5.00) ($4.91) ($26.66) ($27.12)
Total Capital		 0.00 587 670 600 335 198 133
Total Debt		 0.00 303 402 419 299 298 297
Total Long-Term Debt		 0.00 299 399 414 296 296 295
Net Debt		 0.00 293 316 385 271 278 270
Capital Expenditures (CapEx)		 2.39 1.83 4.17 3.31 4.43 2.02 2.41
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 3.73 30 25 5.29 -3.69 -11
Debt-free Net Working Capital (DFNWC)		 0.00 14 116 60 32 16 16
Net Working Capital (NWC)		 0.00 10 112 54 30 14 14
Net Nonoperating Expense (NNE)		 15 29 14 46 84 74 54
Net Nonoperating Obligations (NNO)		 0.00 294 316 385 271 278 270
Total Depreciation and Amortization (D&A)		 50 55 53 57 63 60 59
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 1.74% 11.94% 9.34% 1.91% -1.29% -3.83%
Debt-free Net Working Capital to Revenue		 0.00% 6.57% 46.55% 22.25% 11.72% 5.50% 5.52%
Net Working Capital to Revenue		 0.00% 4.69% 45.21% 20.26% 10.85% 4.85% 4.87%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($5.15) $0.00 ($9.95) ($7.59) ($3.19)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 8.39M 0.00 16.76M 19.25M 19.72M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($5.15) $0.00 ($9.95) ($7.59) ($3.19)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 8.39M 0.00 16.76M 19.25M 19.72M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 15.25M 0.00 0.00 0.00 17.59M
Normalized Net Operating Profit after Tax (NOPAT)		 -5.56 -6.68 -11 -19 -28 -26 -8.74
Normalized NOPAT Margin		 -3.29% -3.12% -4.38% -7.12% -10.25% -9.04% -3.06%
Pre Tax Income Margin		 -21.51% -18.96% -13.51% -43.44% -61.89% -53.14% -22.58%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 -0.47 -0.72 -0.44 -2.66 -2.69 -1.92 -0.22
NOPAT to Interest Expense		 -0.33 -0.28 -0.47 -1.87 -1.79 -1.37 -0.16
EBIT Less CapEx to Interest Expense		 -0.56 -0.80 -0.62 -2.77 -2.78 -1.95 -0.27
NOPAT Less CapEx to Interest Expense		 -0.43 -0.36 -0.65 -1.97 -1.88 -1.41 -0.21
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -0.34% -0.57% 0.00% 0.00% -1.65% -0.30% 0.00%

Quarterly Metrics And Ratios for KORE Group

This table displays calculated financial ratios and metrics derived from KORE Group's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 86,552,595.00 86,710,582.00 86,710,582.00 83,196,842.00 35,185,568.00 17,008,356.00 17,008,356.00 17,160,061.00 17,493,073.00 17,539,937.00 17,586,936.00
DEI Adjusted Shares Outstanding		 17,310,519.00 17,342,116.00 17,342,116.00 16,639,368.00 35,185,568.00 17,008,356.00 17,008,356.00 17,160,061.00 17,493,073.00 17,539,937.00 17,586,936.00
DEI Earnings Per Adjusted Shares Outstanding		 -5.52 -1.93 -1.00 -5.03 -0.56 -1.36 -0.93 -0.98 -0.73 -1.00 -1.57
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.77% 16.11% 15.16% -2.40% 0.42% 1.18% -5.05% 4.98% -0.33% 0.73% -8.76%
EBITDA Growth		 -1,362.59% 92.39% 40.42% -1,282.01% 110.16% 43.10% 51.47% 121.25% 31.30% 450.14% -115.92%
EBIT Growth		 -1,015.27% 70.29% 41.60% -657.66% 92.30% 15.43% 80.91% 98.34% 42.11% 62.52% -1,474.74%
NOPAT Growth		 -998.71% 80.32% 14.84% -700.29% 93.60% -3.39% 66.73% 93.19% 25.20% 95.41% -67.22%
Net Income Growth		 -567.93% 51.56% 4.88% -328.91% 79.65% 24.47% 15.23% 79.82% 34.53% 27.37% -90.88%
EPS Growth		 -567.93% 51.56% 4.88% -328.91% 81.82% 39.70% 17.20% 80.32% 36.00% 25.83% -85.71%
Operating Cash Flow Growth		 -67.57% -161.62% -0.57% 751.31% -63.13% 118.85% 49.42% 2.89% -9.61% 407.97% 65.59%
Free Cash Flow Firm Growth		 -189.92% 1,042.49% 129.14% 276.54% 149.56% -51.35% -47.01% -74.87% -74.61% -40.75% -37.09%
Invested Capital Growth		 0.00% -45.45% -46.22% -60.86% -56.91% -42.11% -45.20% -34.58% -34.49% -40.29% -53.00%
Revenue Q/Q Growth		 -1.30% 5.58% 4.84% -10.67% 1.55% 6.39% -1.61% -1.24% -3.59% 7.52% -10.89%
EBITDA Q/Q Growth		 -1,589.99% 94.77% 322.67% -781.18% 112.80% -129.30% 692.72% -6.69% -20.90% -21.86% -126.95%
EBIT Q/Q Growth		 -816.23% 78.25% 73.52% -1,335.51% 90.69% -139.00% 94.02% -84.66% -225.08% -54.75% -151.15%
NOPAT Q/Q Growth		 -816.66% 85.59% 41.68% -939.15% 92.66% -132.60% 81.23% -112.70% 19.45% 85.72% -583.36%
Net Income Q/Q Growth		 -389.06% 64.67% 47.80% -375.54% 76.79% -31.12% 41.42% -13.21% 24.71% -45.46% -53.96%
EPS Q/Q Growth		 -389.06% 64.67% 47.80% -375.54% 77.12% -20.00% 35.83% -11.69% 25.58% -39.06% -60.67%
Operating Cash Flow Q/Q Growth		 621.24% -442.07% 117.45% 109.35% -70.50% 74.92% 38.31% 42.69% -74.08% 882.97% -54.91%
Free Cash Flow Firm Q/Q Growth		 -797.92% 146.83% 0.88% 14.21% -8.14% -54.03% 9.87% -45.83% -7.21% 7.29% 16.66%
Invested Capital Q/Q Growth		 -16.05% -34.15% -3.64% -26.54% -7.57% -11.53% -8.78% -12.29% -7.45% -19.37% -28.19%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 54.84% 50.96% 54.97% 56.91% 55.43% 56.38% 54.23% 55.21% 55.25% 56.22% 59.43%
EBITDA Margin		 -106.92% -5.30% 11.25% -85.78% 10.81% -2.98% 17.94% 17.36% 14.25% 10.35% -3.13%
Operating Margin		 -128.00% -17.47% -9.72% -113.01% -8.16% -17.85% -3.40% -7.33% -6.13% -0.81% -6.24%
EBIT Margin		 -127.98% -26.37% -6.66% -107.03% -9.81% -22.04% -1.34% -1.69% -5.70% -8.20% -23.11%
Profit (Net Income) Margin		 -138.94% -46.49% -23.15% -123.23% -28.16% -34.71% -20.66% -23.69% -18.50% -25.02% -43.23%
Tax Burden Percent		 96.86% 99.41% 97.67% 98.06% 97.92% 88.06% 108.04% 109.65% 73.47% 102.30% 100.26%
Interest Burden Percent		 112.08% 177.39% 355.87% 117.42% 293.15% 178.84% 1,428.47% 1,278.41% 441.90% 298.30% 186.58%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -102.02% -7.74% -4.59% -58.09% -4.87% -14.68% -2.92% -8.12% -7.33% -1.14% -10.21%
ROIC Less NNEP Spread (ROIC-NNEP)		 -119.07% -15.31% -8.34% -67.03% -9.44% -20.61% -7.70% -12.91% -10.84% -7.73% -19.58%
Return on Net Nonoperating Assets (RNNOA)		 -665.02% -46.15% -29.54% -424.31% 1,041.18% 180.83% 45.95% 37.37% 27.07% 16.10% 34.88%
Return on Equity (ROE)		 -767.04% -53.90% -34.12% -482.40% 1,036.32% 166.15% 43.03% 29.25% 19.74% 14.95% 24.67%
Cash Return on Invested Capital (CROIC)		 -250.96% 39.79% 40.76% 54.19% 58.15% 23.78% 28.62% 31.57% 31.21% 44.33% 63.83%
Operating Return on Assets (OROA)		 -58.20% -11.43% -3.05% -52.63% -5.28% -12.09% -0.74% -1.05% -3.62% -5.41% -15.36%
Return on Assets (ROA)		 -63.18% -20.16% -10.59% -60.59% -15.15% -19.04% -11.42% -14.70% -11.77% -16.52% -28.74%
Return on Common Equity (ROCE)		 -767.04% -53.90% -34.12% -482.40% 1,036.32% 166.15% 43.03% 29.25% 19.74% 14.95% 24.67%
Return on Equity Simple (ROE_SIMPLE)		 -285.36% 0.00% -743.88% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -61 -8.86 -5.17 -54 -3.94 -9.16 -1.72 -3.66 -2.95 -0.42 -2.87
NOPAT Margin		 -89.60% -12.23% -6.80% -79.11% -5.71% -12.49% -2.38% -5.13% -4.29% -0.57% -4.37%
Net Nonoperating Expense Percent (NNEP)		 17.05% 7.57% 3.75% 8.94% 4.58% 5.93% 4.77% 4.79% 3.51% 6.59% 9.37%
Return On Investment Capital (ROIC_SIMPLE)		 - -2.64% -1.61% -22.32% -1.79% -4.63% -0.94% -2.23% -1.94% -0.32% -2.73%
Cost of Revenue to Revenue		 45.16% 49.04% 45.03% 43.09% 44.57% 43.62% 45.77% 44.79% 44.75% 43.78% 40.57%
SG&A Expenses to Revenue		 47.76% 47.36% 46.77% 51.62% 42.97% 55.17% 38.35% 43.49% 41.43% 38.48% 45.69%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 182.84% 68.43% 64.68% 169.92% 63.59% 74.23% 57.63% 64.11% 61.37% 55.52% 65.67%
Earnings before Interest and Taxes (EBIT)		 -88 -19 -5.06 -73 -6.76 -16 -0.97 -1.20 -3.91 -6.06 -15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -73 -3.84 8.55 -58 7.45 -2.18 13 12 9.79 7.65 -2.06
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.74 2.30 3.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.20 0.31 0.24 0.12 0.14 0.19 0.15 0.14 0.15 0.26 0.57
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.96 1.16 1.15 1.42 1.59 1.86 1.96 2.22 2.42 3.23 5.58
Enterprise Value to Revenue (EV/Rev)		 1.69 1.29 1.20 1.09 1.12 1.16 1.13 1.11 1.12 1.20 1.53
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.68 9.12 7.34 15.21
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 1,395.96 0.00 0.00 0.00 0.00 36.49 31.77 28.87 29.44 18.63 20.96
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 2.05 1.98 1.48 1.64 5.75 4.86 5.57 6.14 5.45 5.59
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 5.86 8.07 13.34 -5.21 -3.85 -2.99 -2.59 -2.23 -2.04 -1.81 -1.55
Long-Term Debt to Equity		 5.80 8.01 13.25 -5.18 -3.83 -2.97 -2.57 -2.21 -2.03 -1.80 -1.54
Financial Leverage		 5.59 3.01 3.54 6.33 -110.28 -8.77 -5.97 -2.89 -2.50 -2.08 -1.78
Leverage Ratio		 8.24 5.86 6.70 10.95 -172.91 -16.65 -11.04 -4.83 -4.02 -3.29 -2.75
Compound Leverage Factor		 9.24 10.40 23.84 12.85 -506.88 -29.78 -157.68 -61.73 -17.78 -9.81 -5.12
Debt to Total Capital		 85.43% 88.98% 93.02% 123.76% 135.05% 150.33% 162.97% 181.51% 196.21% 222.86% 281.60%
Short-Term Debt to Total Capital		 0.87% 0.72% 0.58% 0.77% 0.84% 0.93% 1.01% 1.13% 1.22% 1.39% 1.75%
Long-Term Debt to Total Capital		 84.55% 88.26% 92.45% 122.99% 134.21% 149.39% 161.95% 180.38% 194.98% 221.47% 279.84%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 14.57% 11.02% 6.98% -23.76% -35.05% -50.33% -62.97% -81.51% -96.21% -122.86% -181.60%
Debt to EBITDA		 -3.68 -4.79 -4.67 -2.35 -6.46 -7.34 -7.43 9.07 8.47 6.33 10.58
Net Debt to EBITDA		 -3.50 -4.36 -4.31 -2.17 -6.06 -6.86 -6.94 8.43 7.92 5.76 9.55
Long-Term Debt to EBITDA		 -3.64 -4.75 -4.64 -2.33 -6.42 -7.29 -7.39 9.02 8.41 6.29 10.52
Debt to NOPAT		 -3.49 -3.59 -3.62 -2.30 -4.15 -4.13 -4.34 -16.09 -17.00 -33.98 -30.00
Net Debt to NOPAT		 -3.33 -3.26 -3.34 -2.13 -3.89 -3.87 -4.05 -14.96 -15.90 -30.93 -27.08
Long-Term Debt to NOPAT		 -3.46 -3.56 -3.60 -2.29 -4.13 -4.11 -4.31 -15.99 -16.89 -33.77 -29.82
Altman Z-Score		 -0.83 -0.47 -0.45 -1.29 -0.94 -1.12 -1.10 -1.20 -1.28 -1.36 -1.55
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.47 1.42 1.37 1.38 1.30 1.21 1.23 1.11 1.19 1.19 1.05
Quick Ratio		 1.08 1.11 1.08 1.08 1.00 0.96 1.00 0.90 0.95 1.02 0.89
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -530 248 250 286 263 121 133 72 67 72 83
Operating Cash Flow to CapEx		 389.98% -1,066.67% 217.10% 461.34% 579.31% 2,571.25% 2,932.99% 319.64% 577.72% 975.63% 3,019.87%
Free Cash Flow to Firm to Interest Expense		 -48.94 16.65 18.89 21.94 19.78 9.30 10.22 5.43 4.92 5.37 6.21
Operating Cash Flow to Interest Expense		 0.29 -0.73 0.14 0.31 0.09 0.16 0.22 0.31 0.08 0.79 0.35
Operating Cash Flow Less CapEx to Interest Expense		 0.22 -0.80 0.08 0.24 0.07 0.15 0.21 0.21 0.06 0.70 0.34
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.45 0.43 0.46 0.49 0.54 0.55 0.55 0.62 0.64 0.66 0.66
Accounts Receivable Turnover		 5.53 5.71 5.58 6.18 6.07 5.94 5.64 6.47 6.21 6.29 6.42
Inventory Turnover		 12.27 14.08 16.17 17.09 14.84 16.97 18.28 18.82 17.12 26.06 24.91
Fixed Asset Turnover		 0.00 0.00 25.16 0.00 0.00 0.00 30.52 0.00 0.00 0.00 40.48
Accounts Payable Turnover		 5.42 6.15 5.79 6.05 5.75 6.50 6.09 6.30 6.36 9.42 7.63
Days Sales Outstanding (DSO)		 66.03 63.97 65.46 59.04 60.17 61.49 64.75 56.44 58.82 58.07 56.85
Days Inventory Outstanding (DIO)		 29.76 25.93 22.57 21.35 24.59 21.51 19.97 19.39 21.32 14.00 14.65
Days Payable Outstanding (DPO)		 67.32 59.36 63.03 60.34 63.51 56.14 59.94 57.94 57.40 38.75 47.81
Cash Conversion Cycle (CCC)		 28.46 30.53 24.99 20.05 21.25 26.86 24.78 17.89 22.75 33.32 23.69
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 468 308 297 218 202 179 163 143 132 107 77
Invested Capital Turnover		 1.14 0.63 0.67 0.73 0.85 1.18 1.23 1.58 1.71 2.01 2.34
Increase / (Decrease) in Invested Capital		 468 -257 -255 -339 -266 -130 -134 -75 -70 -72 -86
Enterprise Value (EV)		 449 356 343 311 320 333 320 317 320 344 427
Market Capitalization		 52 85 68 35 41 55 42 41 42 74 159
Book Value per Share		 $0.82 $0.43 $0.26 ($0.69) ($4.27) ($5.86) ($6.76) ($7.78) ($8.33) ($9.34) ($10.89)
Tangible Book Value per Share		 ($4.62) ($4.91) ($4.97) ($5.22) ($24.59) ($26.66) ($26.98) ($27.18) ($26.76) ($27.12) ($28.01)
Total Capital		 488 335 320 241 220 198 182 164 151 133 105
Total Debt		 417 299 298 298 298 298 297 297 297 297 297
Total Long-Term Debt		 413 296 296 296 296 296 296 295 295 295 295
Net Debt		 397 271 275 275 279 278 278 276 278 270 268
Capital Expenditures (CapEx)		 0.82 1.02 0.88 0.86 0.20 0.08 0.10 1.28 0.18 1.07 0.16
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 14 5.29 5.53 3.60 2.27 -3.69 -2.63 -12 -4.40 -11 -23
Debt-free Net Working Capital (DFNWC)		 34 32 29 26 21 16 17 9.45 15 16 5.67
Net Working Capital (NWC)		 29 30 27 24 19 14 15 7.60 13 14 3.82
Net Nonoperating Expense (NNE)		 34 25 12 30 15 16 13 13 9.76 18 26
Net Nonoperating Obligations (NNO)		 397 271 275 275 279 278 278 276 278 270 268
Total Depreciation and Amortization (D&A)		 14 15 14 14 14 14 14 14 14 14 13
Debt-free, Cash-free Net Working Capital to Revenue		 5.21% 1.91% 1.93% 1.26% 0.79% -1.29% -0.93% -4.03% -1.54% -3.83% -8.32%
Debt-free Net Working Capital to Revenue		 12.63% 11.72% 9.96% 9.07% 7.32% 5.50% 6.03% 3.31% 5.22% 5.52% 2.03%
Net Working Capital to Revenue		 11.03% 10.85% 9.32% 8.43% 6.67% 4.85% 5.38% 2.66% 4.57% 4.87% 1.37%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($5.50) ($9.95) ($0.95) $0.00 ($1.00) ($1.20) ($0.77) ($0.86) ($0.64) ($0.89) ($1.43)
Adjusted Weighted Average Basic Shares Outstanding		 17.33M 3.35M 18.99M 0.00 19.46M 19.25M 19.43M 19.58M 19.90M 19.72M 19.97M
Adjusted Diluted Earnings per Share		 ($5.50) ($9.95) ($0.95) $0.00 ($1.00) ($1.20) ($0.77) ($0.86) ($0.64) ($0.89) ($1.43)
Adjusted Weighted Average Diluted Shares Outstanding		 17.33M 3.35M 18.99M 0.00 19.46M 19.25M 19.43M 19.58M 19.90M 19.72M 19.97M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($9.95) $0.00 $0.00 $0.00 ($1.20) $0.00 $0.00 $0.00 ($0.89) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 17.34M 0.00 16.64M 0.00 17.01M 0.00 17.16M 17.49M 17.54M 17.59M 17.59M
Normalized Net Operating Profit after Tax (NOPAT)		 -6.72 -8.86 -5.17 -7.59 -3.94 -9.16 -1.72 -2.88 -2.95 -0.42 -2.87
Normalized NOPAT Margin		 -9.79% -12.23% -6.80% -11.18% -5.71% -12.49% -2.38% -4.04% -4.29% -0.57% -4.37%
Pre Tax Income Margin		 -143.45% -46.77% -23.70% -125.67% -28.76% -39.41% -19.13% -21.60% -25.18% -24.46% -43.12%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -8.12 -1.28 -0.38 -5.58 -0.51 -1.25 -0.07 -0.09 -0.29 -0.46 -1.13
NOPAT to Interest Expense		 -5.68 -0.59 -0.39 -4.12 -0.30 -0.71 -0.13 -0.28 -0.22 -0.03 -0.21
EBIT Less CapEx to Interest Expense		 -8.19 -1.35 -0.45 -5.64 -0.52 -1.25 -0.08 -0.19 -0.30 -0.54 -1.14
NOPAT Less CapEx to Interest Expense		 -5.76 -0.66 -0.46 -4.19 -0.31 -0.71 -0.14 -0.37 -0.23 -0.11 -0.23
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -1.65% 0.00% 0.00% -2.06% -0.30% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

KORE Group Holdings (NYSE: KORE) is still operating with a highly leveraged balance sheet and recurring net losses, but there are a few signs of near-term stabilization in cash flow and margins. Based on the latest quarter and the prior three years of quarterly data, the company remains challenged by heavy debt, large goodwill/intangible assets, and negative equity. However, operating cash flow improved meaningfully in Q1 2026 versus the prior quarter and versus the same period last year.

  • Operating cash flow turned positive again in Q1 2026, with net cash from operating activities of $4.7 million, up from $1.1 million in Q3 2025 and $2.8 million in Q1 2025.
  • Revenue held relatively steady year over year, with Q1 2026 revenue of $65.8 million versus $72.1 million in Q1 2025 and $73.9 million in Q4 2025, suggesting the top line has not collapsed.
  • Gross margin remained healthy for the business model, with Q1 2026 gross profit of $39.1 million on $65.8 million of revenue, or about 59%, showing good pricing power relative to direct costs.
  • Cash on hand improved sequentially, rising to $28.9 million at the end of Q1 2026 from $19.3 million at the end of Q3 2025.
  • Shares outstanding have been relatively stable over the last several quarters, limiting the appearance of severe ongoing dilution in the most recent periods.
  • Quarterly results show some operational consistency, with revenue generally staying in the mid-$60 million to low-$70 million range over the last year.
  • Inventory declined sharply to $3.7 million in Q1 2026 from $7.4 million in Q3 2025, which may reflect better working-capital management, but could also indicate lower stocking levels.
  • Capital spending has been modest, with relatively small purchases of property and equipment, suggesting limited investment in fixed assets.
  • Deferred revenue remains present at $8.7 million in Q1 2026, which can support future revenue recognition, though it is not large relative to total sales.
  • Net losses remain substantial, with Q1 2026 net loss attributable to common shareholders of $27.6 million, after a $17.5 million loss in Q4 2025 and a $15.9 million loss in Q1 2025.
  • Interest expense is a major burden, running at $13.4 million in Q1 2026 versus only $4.1 million of operating loss before interest and other items, which keeps the company deep in the red.
  • Total liabilities far exceed assets, with $587.6 million in liabilities versus $396.1 million in assets in Q1 2026.
  • Book equity is negative at -$191.5 million, a sign of a highly strained balance sheet.
  • Long-term debt remains very large at $295.1 million, leaving KORE highly exposed to refinancing and interest-rate risk.
  • A large portion of assets is tied up in goodwill and intangibles ($301.1 million combined in Q1 2026), which can be vulnerable to future impairment charges.
  • Operating performance is still below breakeven, with Q1 2026 operating loss of $4.1 million despite stable revenue and gross profit.

Bottom line: KORE appears to be showing some improvement in cash generation, but the investment case is still dominated by leverage and persistent losses. The company’s latest quarter suggests it can produce operating cash flow, yet it is still not generating enough earnings to cover its interest burden or restore positive equity. For retail investors, this is still a high-risk turnaround story rather than a fundamentally healthy balance sheet story.

07/11/26 05:41 PM ETAI Generated. May Contain Errors.

KORE Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, KORE Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

KORE Group's net income appears to be on an upward trend, with a most recent value of -$62.98 million in 2025, rising from -$23.44 million in 2019. The previous period was -$146.08 million in 2024. See KORE Group's forecast for analyst expectations on what's next for the company.

KORE Group's total operating income in 2025 was -$12.49 million, based on the following breakdown:
  • Total Gross Profit: $157.93 million
  • Total Operating Expenses: $170.42 million

Over the last 6 years, KORE Group's total revenue changed from $169.15 million in 2019 to $285.95 million in 2025, a change of 69.0%.

KORE Group's total liabilities were at $574.33 million at the end of 2025, a 3.4% increase from 2024, and a 38.1% increase since 2020.

In the past 5 years, KORE Group's cash and equivalents has ranged from $10.32 million in 2020 to $85.98 million in 2021, and is currently $26.73 million as of their latest financial filing in 2025.

Over the last 6 years, KORE Group's book value per share changed from 0.00 in 2019 to -9.34 in 2025, a change of -933.8%.


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Financial statements for NYSE:KORE last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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