NYSE : KORE
KORE Group Holdings, Inc. — Financial statements
Communication Services · Telecom Services · United States
Last price 9.25 USD (At close: Jul 20, 2026) · Market cap 162.69M
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Financial statements
KORE Group Holdings, Inc. (KORE) reported revenue of 279.62M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 279.62M | 285.94M | 286.09M | 276.61M | 268.45M | 248.44M |
| Cost of Revenue | 121.69M | 128.01M | 126.16M | 128.56M | 129.15M | 121.36M |
| Gross Profit | 157.93M | 157.93M | 159.93M | 148.05M | 139.29M | 127.08M |
| Selling, General & Admin | 117.94M | 115.53M | 138.64M | 130.19M | 112.09M | 92.20M |
| Operating Expenses | 172.07M | 170.42M | 194.86M | 188.55M | 166.59M | 142.53M |
| Operating Income | -14.14M | -12.49M | -34.93M | -40.50M | -27.30M | -15.46M |
| Interest Expense | -53.83M | -53.38M | -52.52M | -43.23M | -31.84M | -23.26M |
| Interest & Investment Income | 763.00K | 649.00K | 1.12M | 552.00K | 464.00K | |
| Other Non Operating Income (Expenses) | -10.82M | 1.78M | 2.18M | -7.17M | 126.00K | 5.27M |
| EBT Excluding Unusual Items | -78.02M | -63.44M | -84.15M | -90.36M | -58.54M | -33.45M |
| Merger & Restructuring Charges | -2.00M | -100.00K | ||||
| Impairment of Goodwill | -65.86M | -78.26M | -58.07M | |||
| Gain (Loss) on Sale of Assets | -1.11M | -1.11M | ||||
| Other Unusual Items | -2.58M | |||||
| Pretax Income | -79.14M | -64.56M | -152.01M | -171.20M | -116.62M | -33.55M |
| Income Tax Expense | -2.61M | -1.58M | -5.94M | -4.16M | -10.42M | -8.78M |
| Net Income | -76.52M | -62.98M | -146.08M | -167.04M | -106.20M | -24.78M |
| Preferred Dividends & Other Adjustments | 18.75M | |||||
| Net Income to Common | -76.52M | -62.98M | -146.08M | -167.04M | -106.20M | -43.52M |
| Shares Outstanding (Basic) | 19.85M | 19.72M | 19.25M | 16.76M | 15.14M | 8.39M |
| Shares Outstanding (Diluted) | 19.85M | 19.72M | 19.25M | 16.76M | 15.14M | 8.39M |
| EPS (Basic) | -3.86 | -3.19 | -7.59 | -9.97 | -7.01 | -5.19 |
| EPS (Diluted) | -3.86 | -3.19 | -7.59 | -9.97 | -7.01 | -5.20 |
| Free Cash Flow | 17.63M | 15.82M | 7.10M | -10.85M | 13.05M | -18.93M |
| Free Cash Flow Per Share | 0.89 | 0.80 | 0.37 | -0.65 | 0.86 | -2.26 |
| Gross Margin | 56.48% | 55.23% | 55.90% | 53.52% | 51.89% | 51.15% |
| Operating Margin | -5.06% | -4.37% | -12.21% | -14.64% | -10.17% | -6.22% |
| Profit Margin | -27.37% | -22.02% | -51.06% | -60.39% | -39.56% | -17.52% |
| Free Cash Flow Margin | 6.30% | 5.53% | 2.48% | -3.92% | 4.86% | -7.62% |
| EBITDA | 39.99M | 42.40M | 21.29M | 17.86M | 27.20M | 34.87M |
| EBITDA Margin | 14.30% | 14.83% | 7.44% | 6.46% | 10.13% | 14.04% |
| D&A For EBITDA | 54.13M | 54.89M | 56.22M | 58.36M | 54.50M | 50.33M |
| EBIT | -14.14M | -12.49M | -34.93M | -40.50M | -27.30M | -15.46M |
| EBIT Margin | -5.06% | -4.37% | -12.21% | -14.64% | -10.17% | -6.22% |
| Revenue as Reported | 279.62M | 285.94M | 286.09M | 276.61M | 268.45M | 248.44M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 28.92M | 26.73M | 19.41M | 27.14M | 34.65M | 85.98M |
| Cash & Short-Term Investments | 28.92M | 26.73M | 19.41M | 27.14M | 34.65M | 85.98M |
| Accounts Receivable | 41.71M | 47.00M | 43.98M | 52.41M | 44.54M | 51.62M |
| Other Receivables | 2.19M | 3.11M | 2.84M | 4.75M | 2.24M | 934.00K |
| Receivables | 43.90M | 50.11M | 46.82M | 57.16M | 46.77M | 52.55M |
| Inventory | 3.71M | 3.17M | 6.65M | 8.21M | 10.05M | 15.47M |
| Prepaid Expenses | 4.74M | 4.28M | 5.50M | 7.41M | 8.36M | 6.33M |
| Other Current Assets | 1.83M | 1.64M | 1.58M | 2.06M | 3.39M | 1.03M |
| Total Current Assets | 83.09M | 85.92M | 79.96M | 101.99M | 103.22M | 161.36M |
| Property, Plant & Equipment | 7.42M | 8.26M | 17.46M | 20.32M | 21.92M | 12.24M |
| Goodwill | 228.84M | 228.84M | 228.84M | 294.97M | 369.71M | 383.42M |
| Other Intangible Assets | 72.26M | 83.00M | 125.06M | 167.59M | 192.50M | 202.55M |
| Other Long-Term Assets | 4.50M | 4.51M | 4.50M | 2.11M | 1.33M | 774.00K |
| Total Assets | 396.11M | 410.55M | 455.83M | 586.98M | 688.68M | 760.34M |
| Accounts Payable | 13.32M | 12.35M | 14.83M | 23.98M | 17.84M | 16.00M |
| Accrued Expenses | 25.31M | 27.46M | 22.33M | 18.08M | 11.59M | 20.28M |
| Current Portion of Long-Term Debt | 1.85M | 1.85M | 1.85M | 2.41M | 5.34M | 3.33M |
| Current Portion of Leases | 593.00K | 585.00K | 1.43M | 1.45M | 1.93M | 191.00K |
| Current Income Taxes Payable | -6.00K | 31.00K | 1.40M | 615.00K | 207.00K | 467.00K |
| Current Unearned Revenue | 8.68M | 9.09M | 8.51M | 9.04M | 7.82M | 6.89M |
| Other Current Liabilities | 29.52M | 20.64M | 15.75M | 16.39M | 4.12M | 1.89M |
| Total Current Liabilities | 79.28M | 72.00M | 66.09M | 71.97M | 48.84M | 49.04M |
| Long-Term Debt | 439.30M | 439.15M | 438.44M | 437.70M | 413.91M | 399.12M |
| Long-Term Leases | 1.17M | 1.28M | 8.28M | 9.47M | 9.41M | 264.00K |
| Long-Term Deferred Tax Liabilities | 533.00K | 887.00K | 4.13M | 13.79M | 25.19M | 37.92M |
| Other Long-Term Liabilities | 67.33M | 61.01M | 38.50M | 17.08M | 10.65M | 6.47M |
| Total Liabilities | 587.62M | 574.33M | 555.43M | 550.01M | 508.01M | 492.81M |
| Common Stock | 8.00K | 8.00K | 8.00K | 8.00K | 8.00K | 7.00K |
| Additional Paid-In Capital | 470.50M | 470.61M | 468.71M | 461.07M | 435.29M | 413.31M |
| Retained Earnings | -652.79M | -624.33M | -561.36M | -415.28M | -248.24M | -142.34M |
| Treasury Stock | -3.19M | -3.19M | -3.19M | -2.75M | ||
| Comprehensive Income & Other | -6.04M | -6.88M | -3.78M | -6.07M | -6.39M | -3.46M |
| Total Common Equity | -191.50M | -163.78M | -99.60M | 36.97M | 180.67M | 267.52M |
| Shareholders' Equity | -191.50M | -163.78M | -99.60M | 36.97M | 180.67M | 267.52M |
| Total Liabilities & Equity | 396.11M | 410.55M | 455.83M | 586.98M | 688.68M | 760.34M |
| Total Debt | 442.92M | 442.86M | 450.00M | 451.03M | 430.59M | 402.90M |
| Net Cash (Debt) | -413.99M | -416.13M | -430.59M | -423.89M | -395.95M | -316.92M |
| Net Cash Per Share | -20.86 | -21.11 | -22.37 | -25.29 | -26.15 | -37.79 |
| Filing Date Shares Outstanding | 17.59M | 17.59M | 17.16M | 16.64M | 15.31M | 15.25M |
| Total Common Shares Outstanding | 17.59M | 17.54M | 17.01M | 16.48M | 15.26M | 14.41M |
| Working Capital | 3.82M | 13.92M | 13.87M | 30.02M | 54.38M | 112.32M |
| Book Value Per Share | -10.89 | -9.34 | -5.86 | 2.24 | 11.84 | 18.57 |
| Tangible Book Value | -492.61M | -475.63M | -453.50M | -425.59M | -381.54M | -318.44M |
| Tangible Book Value Per Share | -28.01 | -27.12 | -26.66 | -25.83 | -25.01 | -22.11 |
| Machinery | 25.10M | 23.17M | 26.09M | 27.95M | 26.08M | |
| Leasehold Improvements | 1.04M | 3.60M | 3.45M | 3.02M | 2.79M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -76.52M | -62.98M | -146.08M | -167.04M | -106.20M | -24.78M |
| Depreciation & Amortization | 55.44M | 56.20M | 57.50M | 60.69M | 56.72M | 50.33M |
| Other Amortization | 2.56M | 2.56M | 2.58M | 2.20M | 2.43M | 2.52M |
| Loss (Gain) From Sale of Assets | 1.11M | 1.11M | ||||
| Asset Writedown & Restructuring Costs | 65.86M | 78.26M | 58.07M | |||
| Stock-Based Compensation | 2.10M | 2.10M | 8.48M | 11.25M | 10.30M | 4.56M |
| Provision & Write-off of Bad Debts | 322.00K | |||||
| Other Operating Activities | 12.82M | -3.35M | -8.12M | -2.29M | -16.01M | -14.61M |
| Change in Accounts Receivable | -2.81M | -2.81M | 6.72M | -7.71M | 8.96M | -12.10M |
| Change in Inventory | 1.17M | 1.17M | 506.00K | 1.97M | 6.54M | -9.88M |
| Change in Accounts Payable | 1.50M | 1.50M | -832.00K | 12.97M | -1.97M | -8.42M |
| Change in Unearned Revenue | 432.00K | 432.00K | -418.00K | 1.18M | 980.00K | -805.00K |
| Change in Income Taxes | -661.00K | |||||
| Change in Other Net Operating Assets | 21.95M | 21.95M | 21.89M | 2.10M | -3.46M | -1.24M |
| Operating Cash Flow | 20.35M | 18.49M | 9.12M | -6.42M | 16.36M | -14.76M |
| Capital Expenditures | -2.72M | -2.66M | -2.02M | -4.43M | -3.31M | -4.17M |
| Sale of Property, Plant & Equipment | 250.00K | 250.00K | ||||
| Cash Acquisitions | -46.00M | |||||
| Sale (Purchase) of Intangibles | -6.84M | -7.18M | -10.65M | -15.80M | -13.24M | -9.25M |
| Investing Cash Flow | -9.31M | -9.59M | -12.67M | -20.23M | -62.55M | -13.42M |
| Short-Term Debt Issued | 25.00M | |||||
| Long-Term Debt Issued | 185.00M | 327.86M | ||||
| Total Debt Issued | 185.00M | 352.86M | ||||
| Short-Term Debt Repaid | -25.00M | |||||
| Long-Term Debt Repaid | -1.87M | -2.51M | -304.97M | -4.34M | -5.70M | |
| Total Debt Repaid | -1.86M | -1.87M | -2.51M | -304.97M | -4.34M | -30.70M |
| Net Debt Issued (Repaid) | -1.86M | -1.87M | -2.51M | -119.97M | -4.34M | 322.15M |
| Issuance of Common Stock | 231.00K | 15.70M | ||||
| Repurchase of Common Stock | -162.00K | -194.00K | -1.27M | -3.16M | -2.31M | |
| Other Financing Activities | -11.05M | -356.00K | -1.58M | |||
| Financing Cash Flow | -2.02M | -2.07M | -3.78M | 18.91M | -4.69M | 104.05M |
| Foreign Exchange Rate Adjustments | 222.00K | 468.00K | -405.00K | 173.00K | -451.00K | -226.00K |
| Net Cash Flow | 9.24M | 7.30M | -7.74M | -7.57M | -51.34M | 75.65M |
| Free Cash Flow | 17.63M | 15.82M | 7.10M | -10.85M | 13.05M | -18.93M |
| Free Cash Flow Margin | 6.30% | 5.53% | 2.48% | -3.92% | 4.86% | -7.62% |
| Free Cash Flow Per Share | 0.89 | 0.80 | 0.37 | -0.65 | 0.86 | -2.26 |
| Levered Free Cash Flow | 28.85M | 17.97M | 10.23M | 21.85M | 18.79M | -6.33M |
| Unlevered Free Cash Flow | 59.93M | 48.77M | 40.47M | 46.67M | 36.26M | 5.68M |
| Cash Interest Paid | 26.90M | 26.90M | 28.89M | 35.33M | 29.20M | 19.87M |
| Cash Income Tax Paid | 2.92M | 2.92M | 2.10M | 5.72M | 2.12M | 957.00K |
| Change in Working Capital | 22.23M | 22.23M | 27.87M | 10.51M | 11.06M | -33.11M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 162.69M | 74.02M | 54.77M | 80.75M | 96.13M | 485.21M |
| Enterprise Value | 576.68M | 502.68M | 486.50M | 489.06M | 484.84M | 794.86M |
| Last Close Price | 9.25 | 4.22 | 3.22 | 4.90 | 6.30 | 33.70 |
| PS Ratio | 0.58 | 0.26 | 0.19 | 0.29 | 0.36 | 1.95 |
| PB Ratio | -0.45 | -0.55 | 2.18 | 0.53 | 1.81 | |
| P/FCF Ratio | 9.23 | 4.68 | 7.71 | 7.37 | ||
| P/OCF Ratio | 7.99 | 4.00 | 6.00 | 5.88 | ||
| EV/Sales Ratio | 2.06 | 1.76 | 1.70 | 1.77 | 1.81 | 3.20 |
| EV/EBITDA Ratio | 14.42 | 11.86 | 22.86 | 27.38 | 17.82 | 22.79 |
| EV/FCF Ratio | 32.71 | 31.77 | 68.53 | 37.16 | ||
| Debt / Equity Ratio | -2.31 | -2.70 | -4.52 | 12.20 | 2.38 | 1.51 |
| Debt / EBITDA Ratio | 10.21 | 9.71 | 18.97 | 20.52 | 14.01 | 11.55 |
| Debt / FCF Ratio | 25.12 | 27.99 | 63.39 | 33.00 | ||
| Net Debt / Equity Ratio | -2.16 | -2.54 | -4.32 | 11.46 | 2.19 | 1.19 |
| Net Debt / EBITDA Ratio | 10.35 | 9.81 | 20.23 | 23.73 | 14.56 | 9.09 |
| Net Debt / FCF Ratio | 23.48 | 26.30 | 60.66 | -39.06 | 30.34 | -16.74 |
| Asset Turnover | 0.67 | 0.66 | 0.55 | 0.43 | 0.37 | 0.34 |
| Inventory Turnover | 24.91 | 26.06 | 16.97 | 14.08 | 10.12 | 11.39 |
| Quick Ratio | 0.92 | 1.07 | 1.00 | 1.17 | 1.67 | 2.83 |
| Current Ratio | 1.05 | 1.19 | 1.21 | 1.42 | 2.11 | 3.29 |
| Return on Equity (ROE) | -153.50% | -47.39% | -8.98% | |||
| Return on Assets (ROA) | -2.10% | -1.80% | -4.19% | -3.97% | -2.35% | -1.32% |
| Return on Capital Employed (ROCE) | -4.50% | -3.70% | -9.00% | -7.90% | -4.30% | -2.20% |
| Earnings Yield | -47.04% | -85.08% | -266.72% | -206.86% | -110.48% | -5.11% |
| FCF Yield | 10.84% | 21.38% | 12.96% | -13.44% | 13.58% | -3.90% |
| Buyback Yield / Dilution | -2.54% | -2.44% | -14.83% | -10.70% | -80.55% | -32.49% |