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KORE Group Holdings KORE IoT Connectivity — Total

Other product segments

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 iot connectivity — total?
KORE Group Holdings (KORE) reported iot connectivity — total of $54.45M in Q1 2026.
How has KORE Group Holdings's iot connectivity — total changed year-over-year?
KORE Group Holdings's iot connectivity — total increased by 3.1% year-over-year, from $52.8M to $54.45M.
What is the long-term trend for KORE Group Holdings's iot connectivity — total?
Over 3 years (2022 to 2025), KORE Group Holdings's iot connectivity — total has grown at a 7.7% compound annual growth rate (CAGR), from $173.53M to $216.73M.
What does iot connectivity — total mean?
This metric represents the total revenue generated from IoT connectivity services, which serve as the foundational layer for machine-to-machine communication and device management. It reflects the scale of the company's recurring service offerings that enable customers to deploy, manage, and maintain their connected device ecosystems globally. Growth in this area indicates successful adoption of the company's network infrastructure and long-term service engagement with IoT clients.