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KORE Group Holdings KORE Hardware — Total

Other product segments

IoT Connectivity
$54.45M+3.1%
IoT Solutions
$1.4M-46.7%
Bill-and-hold arrangements
$0-100%

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Other financials

Income statement

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Revenue$65.8M-8.8%
Gross profit$39.1M0.0%
Operating income-$4.1M-67.2%
Net income-$28.5M-90.9%
EPS (diluted)-$1.43-85.7%

Balance sheet

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Cash & equivalents$28.9M+47.2%
Total debt$298.7M-2.7%
Total equity-$191.5M-66.7%
Total assets$396.1M-11.0%

Cash flow

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Operating cash flow$4.7M+65.6%
CapEx$156.0K+60.8%
Free cash flow$4.6M+65.8%

Valuation

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Market cap$162.65M+303%
Enterprise value$432.45M+33.5%
P/S0.6×+0.4×

Profitability

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Gross margin56.5%+0.8pp
Operating margin-5.1%-2.3pp
Net margin-27.4%-8.6pp
FCF margin6.3%+3.2pp

Returns & leverage

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Return on equity-177.7%-303pp
Debt / equity13.8×+11.2×
Current ratio-0.2×

Where this comes from

Reported directly by KORE Group Holdings in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: KORE Group Holdings’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is KORE Group Holdings's hardware — total?
KORE Group Holdings (KORE) reported hardware — total of $9.96M in Q1 2026.
How has KORE Group Holdings's hardware — total changed year-over-year?
KORE Group Holdings's hardware — total decreased by 40.4% year-over-year, from $16.71M to $9.96M.
What is the long-term trend for KORE Group Holdings's hardware — total?
Over 4 years (2021 to 2025), KORE Group Holdings's hardware — total has grown at a 1.7% compound annual growth rate (CAGR), from $54.9M to $58.67M.
What does hardware — total mean?
This metric represents the total revenue generated from the sale of physical IoT devices, modules, and related hardware components. It reflects the company's ability to monetize the initial deployment phase of customer IoT projects and serves as a primary indicator of hardware-based market penetration. Fluctuations in this figure often highlight shifts in customer demand for integrated device solutions versus standalone connectivity services.