KORE (KORE)
KORE Group Holdings, Inc.
NYSE:KORECommunication Services · Telecommunications Services
Mkt Cap-
Float5.38M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$285.94M
Net Income-$62.98M
Total Assets$410.55M
Free Cash Flow$8.65M
Debt & Equity
Debt 159%
Total Debt$442.86M
Total Equity-$163.78M
Shares Outstanding
Short Interest
Split History2 splits · 1 reverse
- 1:5Reverse splitJul 1, 20245 shares → 1
- 2:1Forward splitMar 29, 20101 share → 2
Balance Sheet Details
Assets$410.55M
Liabilities$574.33M
Accounts Receivable$49.96M
Accounts Payable$12.35M
Inventory$3.17M
PP&E (Net)$8.26M
Goodwill$228.84M
Intangible Assets$83M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $285.94M | $286.09M | $276.61M | $268.45M | $248.44M | $213.76M | $169.15M |
| YoY Growth | -0.0% | 3.4% | 3.0% | 8.1% | 16.2% | 26.4% | - |
| Cost of Revenue | $128.01M | $126.16M | $128.56M | $129.15M | $121.36M | $97.93M | $63.66M |
| Gross Profit | $157.93M | $159.93M | $148.05M | $139.29M | $127.08M | $115.83M | $105.49M |
| Gross Margin | 55.2% | 55.9% | 53.5% | 51.9% | 51.2% | 54.2% | 62.4% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $115.53M | $140.64M | $129.82M | $112.09M | $0 | $0 | $0 |
| Other | $54.89M | $122.08M | $8.43M | -$58.17M | $142.63M | $125.37M | $117.32M |
| Total Operating Expenses | $170.42M | $262.72M | $138.25M | $53.92M | $142.63M | $125.37M | $117.32M |
| Operating Income (EBIT) | -$12.49M | -$102.79M | $9.8M | $85.37M | -$15.56M | -$9.54M | -$11.83M |
| Operating Margin | -4.4% | -35.9% | 3.5% | 31.8% | -6.3% | -4.5% | -7.0% |
| Interest Expense | $53.38M | $52.52M | $43.21M | $31.84M | $23.26M | $23.49M | $24.79M |
| Interest Income | $649K | $1.12M | $552K | $464K | $0 | $0 | $0 |
| Other Income (Expense) | -$52.07M | -$49.22M | -$181M | -$201.99M | -$17.99M | -$30.98M | $1.33M |
| Income Before Tax (EBT) | -$64.56M | -$152.01M | -$171.2M | -$116.62M | -$33.55M | -$40.52M | -$10.5M |
| Income Tax Expense | -$1.58M | -$5.94M | -$4.16M | -$10.42M | -$8.78M | -$5.32M | $12.94M |
| Net Income | -$62.98M | -$146.08M | -$167.04M | -$106.2M | -$24.78M | -$35.2M | -$23.44M |
| Net Income Margin | -22.0% | -51.1% | -60.4% | -39.6% | -10.0% | -16.5% | -13.9% |
| Supplementary Data | |||||||
| EPS | -3.19 | -7.59 | -9.97 | -6.96 | -2.92 | -5.56 | -0.38 |
| Diluted EPS | -3.19 | -7.59 | -9.97 | -6.96 | -2.92 | -5.56 | -0.38 |
| Weighted Average OS | 19.72B | 19.25M | 16.76M | 15.14M | 8.37M | 6.33M | 62.19M |
| EBITDA | $45.02M | -$41.99M | -$67.27M | -$28.07M | $34.87M | $42.95M | $40.19M |
| EBITDA Margin | 15.7% | -14.7% | -24.3% | -10.5% | 14.0% | 20.1% | 23.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $26.73M | $19.41M | $27.14M | $34.65M | $85.98M | $10.32M | $8.29M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $26.73M | $19.41M | $27.14M | $34.65M | $85.98M | $10.32M | $8.29M |
| Accounts Receivable | $49.96M | $45.63M | $54.53M | $46.77M | $52.55M | $40.66M | $34.8M |
| Inventory | $3.17M | $6.65M | $8.21M | $10.05M | $15.47M | $5.84M | $2.71M |
| Other Current Assets | $204K | $1.18M | $2.63M | $523K | $1.03M | $0 | $0 |
| Total Current Assets | $85.92M | $79.96M | $101.99M | $103.22M | $161.36M | $62.25M | $49.14M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $8.26M | $17.46M | $20.32M | $21.92M | $12.24M | $13.71M | $15.31M |
| Goodwill | $228.84M | $228.84M | $294.97M | $369.71M | $383.42M | $382.75M | $382.25M |
| Intangible Assets | $83M | $125.06M | $167.59M | $192.5M | $202.55M | $240.2M | $276.9M |
| Long-Term Investments | $268K | $293K | $0 | $0 | $367K | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $55K | $0 | $122K | $0 |
| Other Long-Term Assets | $4.25M | $4.21M | $2.11M | $1.28M | $407K | $983K | $1.25M |
| Total Long-Term Assets | $324.62M | $375.87M | $485M | $585.46M | $598.98M | $637.77M | $675.71M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $410.55M | $455.83M | $586.98M | $688.68M | $760.34M | $700.02M | $724.85M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $12.35M | $14.83M | $23.98M | $17.84M | $16M | $22.98M | $15.96M |
| Short-Term Debt | $2.44M | $1.85M | $2.41M | $5.34M | $3.52M | $3.16M | $11.55M |
| Current Income Tax Payable | $0 | $7.51M | $5.61M | $3.02M | $467K | $809K | $0 |
| Current Unearned Revenue | $9.09M | $8.51M | $9.04M | $7.82M | $6.89M | $7.77M | $0 |
| Other Current Liabilities | $38.59M | $7.62M | $11.66M | $33K | $9.06M | $0 | $6.36M |
| Total Current Liabilities | $72M | $66.09M | $71.97M | $48.84M | $49.04M | $52.22M | $46.63M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $439.15M | $295.66M | $296.11M | $413.91M | $399.12M | $298.4M | $301.21M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $887K | $4.13M | $13.79M | $25.19M | $37.92M | $42.84M | $0 |
| Other Long-Term Liabilities | $61.01M | $181.27M | $158.69M | $10.79M | $6.74M | $285.83M | $60.29M |
| Total Long-Term Liabilities | $502.32M | $489.34M | $478.04M | $459.17M | $443.78M | $627.58M | $361.98M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $574.33M | $555.43M | $550.01M | $508.01M | $492.81M | $679.8M | $408.61M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $237M |
| Common Stock | $8K | $8K | $8K | $8K | $7K | $3K | $2K |
| Retained Earnings | -$624.33M | -$561.36M | -$415.28M | -$248.24M | -$142.34M | -$113.73M | -$78.53M |
| Comprehensive Income & Other | -$6.88M | -$3.78M | -$6.07M | -$6.39M | -$3.46M | -$1.68M | -$3.79M |
| Other Stockholders' Equity | $460.54M | $461.75M | $452.25M | $428.9M | $409.85M | $133.94M | $394.76M |
| Total Equity | -$163.78M | -$99.6M | $36.97M | $180.67M | $267.52M | $20.22M | $316.24M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $410.55M | $455.83M | $586.98M | $688.68M | $760.34M | $700.02M | $724.85M |
| Supplementary Data | |||||||
| Total Debt | $442.86M | $307.22M | $309.41M | $430.46M | $402.63M | $302.93M | $313.24M |
| Net Debt | $416.13M | $287.81M | $282.27M | $395.81M | $316.66M | $292.61M | $304.94M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$62.98M | -$146.08M | -$167.04M | -$106.2M | -$24.78M | -$35.2M | -$23.44M |
| Depreciation & Amortization | $56.2M | $57.5M | $60.69M | $56.72M | $50.33M | $52.49M | $48.13M |
| Deferred Income Tax | -$2.77M | -$10.11M | -$11.41M | -$16.19M | -$9.69M | -$6.18M | -$11.42M |
| Stock-Based Compensation | $2.1M | $8.48M | $11.25M | $10.3M | $4.56M | $1.16M | $1.68M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$2.81M | $6.72M | -$7.71M | $8.96M | -$12.1M | -$6.07M | $860K |
| Inventory | $1.17M | $1.51M | $1.97M | $6.54M | -$9.88M | -$3.03M | -$566K |
| Accounts Payable | $1.5M | -$49K | $12.97M | -$1.97M | -$8.42M | $13.1M | -$2.46M |
| Other Working Capital | $22.38M | $21.47M | $3.27M | -$2.48M | -$2.71M | -$471K | -$4.33M |
| Total Working Capital Change | $22.23M | $29.65M | $10.51M | $11.06M | -$33.11M | $3.53M | -$6.49M |
| Other Non-Cash Items | $3.7M | $70.45M | $89.58M | $60.68M | -$2.08M | $10.67M | $5.8M |
| Net Cash from Operating | $18.49M | $9.91M | -$6.42M | $16.36M | -$14.76M | $26.47M | $14.25M |
| Investing Activities | |||||||
| Capital Expenditures | -$9.84M | -$13.46M | -$4.43M | -$3.31M | -$4.17M | -$1.83M | -$2.39M |
| Acquisitions | $250K | $0 | $0 | -$46M | $0 | $366K | -$37.49M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$10.65M | -$15.8M | -$13.24M | -$9.25M | -$10.13M | -$10.49M |
| Net Cash from Investing | -$9.59M | -$13.46M | -$20.23M | -$62.55M | -$13.42M | -$11.6M | -$50.37M |
| Financing Activities | |||||||
| Debt Repaid | $1.87M | $2.51M | $119.97M | $4.34M | -$98.47M | $4.22M | -$31.03M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$431K | -$2.75M | $0 | $0 | -$200K | -$80K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$194K | -$839K | -$11.23M | -$356K | $235.5M | $0 | -$2.09M |
| Net Cash from Financing | -$2.07M | -$3.78M | $18.91M | -$4.69M | $104.05M | -$12.72M | $37M |
| Forex Effect | $468K | -$398K | $173K | -$451K | -$226K | -$149K | -$162K |
| Net Change in Cash | $7.3M | -$7.73M | -$7.57M | -$51.34M | $75.65M | $2M | $719K |
| Supplementary Data | |||||||
| Operating Cash Flow | $18.49M | $9.91M | -$6.42M | $16.36M | -$14.76M | $26.47M | $14.25M |
| Capital Expenditure | -$9.84M | -$2.81M | -$20.23M | -$16.55M | -$13.42M | -$11.97M | -$12.88M |
| Free Cash Flow | $8.65M | $7.1M | -$26.65M | -$189K | -$28.18M | $14.5M | $1.37M |
| Cash at Beginning | $19.7M | $27.14M | $35.01M | $86.34M | $10.69M | $8.69M | $7.97M |
| Cash at End | $27M | $19.41M | $27.44M | $35.01M | $86.34M | $10.69M | $8.69M |