What is KORE Group Holdings's net debt?

KORE Group Holdings (KORE) reported net debt of $269.8M in Q1 2026.

How has KORE Group Holdings's net debt changed year-over-year?

KORE Group Holdings's net debt decreased by 6.1% year-over-year, from $287.31M to $269.8M.

What is the long-term trend for KORE Group Holdings's net debt?

Over 5 years (2020 to 2025), KORE Group Holdings's net debt has grown at a -1.4% compound annual growth rate (CAGR), from $291.73M to $271.95M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

KORE Group Holdings KORE Net debt

Discontinued — last reported Q1 '26

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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

See full

Return on equity-177.7%-303pp

Debt / equity13.8×+11.2×

Current ratio1×-0.2×

Where this comes from

Calculated from KORE Group Holdings’s reported figures.

$298.7Mtotal debt−$28.9Mcash and equivalents=$269.8M

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 net debt?: KORE Group Holdings (KORE) reported net debt of $269.8M in Q1 2026.
How has KORE Group Holdings's net debt changed year-over-year?: KORE Group Holdings's net debt decreased by 6.1% year-over-year, from $287.31M to $269.8M.
What is the long-term trend for KORE Group Holdings's net debt?: Over 5 years (2020 to 2025), KORE Group Holdings's net debt has grown at a -1.4% compound annual growth rate (CAGR), from $291.73M to $271.95M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.