10-K · April 29, 2026
KORE Group Holdings, Inc. emphasizes its strategy as a key player in the IoT sector with its KORE One® platform and seeks to enhance its connectivity offerings, comprising approximately 78% of its revenue. The company…
Earnings analysis · 10-Q
KORE earnings analysis
Filed May 11, 2026 · Our reading of the company's report
The latest report
KORE Group Holdings, Inc. reported Q1 2026 results marked by a revenue decline of 9% year-over-year to $65.8 million. The company faced challenges in product sales while maintaining steady services revenue. SG&A…
Read full summary
KORE Group Holdings, Inc. reported Q1 2026 results marked by a revenue decline of 9% year-over-year to $65.8 million. The company faced challenges in product sales while maintaining steady services revenue. SG&A expenses grew due to increased legal fees related to merger activities, contributing to a broader net loss of $28.5 million. Overall cash flow improved significantly, reflecting operational efficiencies.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-1.04
- Gross margin
- 40.8%
- Segment
- IoT Connectivity
- Segment
- IoT Solutions
What stood out
-
Revenue Declines 9% YoY
Total revenue fell to $65.8M in Q1 2026 from $72.1M in Q1 2025.
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SG&A Expenses Up 9%
Selling, general and administrative expenses increased by $2.4M to $30.1M due to increased legal fees.
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Free Cash Flow Improvement
Free cash flow improved to $2.74M in Q1 2026 compared to $0.6M in Q1 2025.
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IoT Connectivity Revenue Increased
Revenue from IoT Connectivity grew 4% year-over-year to $56.2 million.
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Gross Margin Increase
Overall gross margin improved to 40.8%, up from 36.9% YoY.
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Total Number of Connections Up
Total number of connections grew to 21.9 million, up from 20.9 million prior year.
What to watch
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Increased Net Loss
The company reported a net loss of $28.5M, compared to a loss of $14.9M in Q1 2025.
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Declining Products Revenue
Products revenue dropped 40%, declining from $16.7M in Q1 2025 to $10M.
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Merger Uncertainty
The pending merger poses operational and market performance risks, with shareholder approval required.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-K · March 31, 2026
KORE presents itself as a large, independent end-to-end IoT enabler centered on its KORE One® platform, eSIM stack and connectivity management products, while pursuing a take-private merger that will pay $9.25 per share…
10-Q · November 12, 2025
KORE reported quarter revenue of $68,692,000 (Q3 2025), essentially flat versus $68,920,000 in Q3 2024, and GAAP net loss of $12,707,000 (loss per share $0.64). Gross margin remained ~55.3% while operating loss narrowed…
10-K · April 30, 2025
KORE describes itself as a leading independent IoT enabler offering Connectivity (CaaS), device/managed solutions and analytics delivered via its KORE One® platform and eSIM capabilities. Connectivity comprised 79% of…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.