KORE Group Holdings (KORE)
NYSE:KORE
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KORE Group Holdings
(NYSE:KORE)
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Rating:53Neutral
Price Target:
$9.50
▲(85.91% Upside)
Action:Reiterated
Date:05/14/26
The score is held back primarily by balance-sheet weakness (negative equity and high leverage) despite improved operations and positive free cash flow. Technicals are supportive but momentum looks stretched, while valuation remains challenged due to net losses. The announced cash acquisition provides a meaningful stabilizing factor.
Positive Factors
Recurring connectivity & managed services model
KORE’s core business is recurring connectivity and managed services, which create predictable, subscription-like revenue tied to device counts and data usage. That business model supports steady cash inflows, customer stickiness via platform integration, and scalability as customers add endpoints or geographies.
Negative Factors
Negative shareholders' equity and elevated leverage
Negative equity and high debt relative to assets materially weaken financial flexibility and raise refinancing and solvency risk. With a thin capital cushion, adverse shocks or slower cash conversion could force costly refinancing or constrain investment, a persistent structural vulnerability.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring connectivity & managed services model
KORE’s core business is recurring connectivity and managed services, which create predictable, subscription-like revenue tied to device counts and data usage. That business model supports steady cash inflows, customer stickiness via platform integration, and scalability as customers add endpoints or geographies.
Read all positive factors
KORE Group Holdings (KORE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$161.46M
Dividend YieldN/A
Average Volume (3M)43.46K
Price to Earnings (P/E)―
Beta (1Y)-0.38
Revenue Growth-0.93%
EPS Growth47.84%
CountryUS
Employees539
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-3.87
Shares Outstanding17,587,850
10 Day Avg. Volume25,468
30 Day Avg. Volume43,459
Financial Highlights & Ratios
PEG Ratio22.79
Price to Book (P/B)-508.01
Price to Sales (P/S)290.97
P/FCF Ratio9.62K
Enterprise Value/Market Cap3.56
Enterprise Value/Revenue2.06
Enterprise Value/Gross Profit3.97
Enterprise Value/Ebitda12.98
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.36
Revenue Forecast (FY)$310.20M
KORE Group Holdings Business Overview & Revenue Model
Company Description
KORE Group Holdings, Inc. provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity, location-based, device solutions, and managed and professional services that are used in the development and support of IoT techn...
How the Company Makes Money
KORE primarily makes money by selling IoT connectivity and managed services to enterprises that operate connected devices. Key revenue streams typically include: (1) Recurring connectivity revenue: charges associated with providing cellular connec...
KORE Group Holdings Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant improvements in adjusted EBITDA, connectivity revenue growth, and successful new product launches. However, it also noted flat overall revenue, decreased gross margins, and suspended guidance due to strategic uncertainties.Positive Updates
Improved Profitability
Adjusted EBITDA rose by 12% or $1.5 million to $14.5 million from Q3 2024, showcasing operational excellence and a focus on profitability.
Negative Updates
Flat Revenue Year-over-Year
Total revenue for the third quarter was approximately flat at $68.7 million compared to the prior year, indicating stagnation in overall revenue growth.
Read all updates
Q3-2025 Updates
Positive
Negative
Improved Profitability
Adjusted EBITDA rose by 12% or $1.5 million to $14.5 million from Q3 2024, showcasing operational excellence and a focus on profitability.
Read all positive updates
Company Guidance
During the third quarter of 2025, KORE Group Holdings, Inc. demonstrated steady operational improvements with revenue holding steady at $68.7 million and connectivity revenue increasing by 1.7% over the previous quarter. Adjusted EBITDA rose by 12% to $14.5 million compared to the same period last year, driven by a focus on operational excellence and profitability. The company's net loss improved by $6.7 million due to this enhanced EBITDA and tax benefits from recent U.S. legislation. The firm generated $1.1 million in cash from operations, reflecting an improvement in free cash flow. KORE also secured $11.3 million in new and expanded eARR, growing its total connections by 9% year-over-year to over 20.5 million, supported by the launch of new products such as the KORE One unified platform and a limited release connectivity offering. Despite these positive metrics, KORE announced the suspension of its fiscal year 2025 guidance due to an ongoing strategic review process initiated after a potential acquisition interest from existing investors.KORE Group Holdings Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
18
Very Negative
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 279.62M | 285.94M | 286.09M | 276.61M | 268.45M | 248.44M |
| Gross Profit | 144.78M | 157.93M | 159.93M | 148.05M | 139.29M | 127.08M |
| EBITDA | 44.35M | 45.02M | -41.99M | -67.27M | -28.07M | 34.87M |
| Net Income | -76.52M | -62.98M | -146.08M | -167.04M | -106.20M | -24.78M |
Balance Sheet | ||||||
| Total Assets | 396.11M | 410.55M | 455.83M | 586.98M | 688.68M | 760.34M |
| Cash, Cash Equivalents and Short-Term Investments | 28.92M | 26.73M | 19.41M | 27.14M | 34.65M | 85.98M |
| Total Debt | 442.92M | 3.71M | 307.22M | 309.41M | 430.46M | 402.63M |
| Total Liabilities | 587.62M | 574.33M | 555.43M | 550.01M | 508.01M | 492.81M |
| Stockholders Equity | -191.50M | -163.78M | -99.60M | 36.97M | 180.67M | 267.52M |
Cash Flow | ||||||
| Free Cash Flow | 20.29M | 8.65M | 7.10M | -26.65M | -189.00K | -28.18M |
| Operating Cash Flow | 20.32M | 18.49M | 9.91M | -6.42M | 16.36M | -14.76M |
| Investing Cash Flow | -9.28M | -9.59M | -13.46M | -20.23M | -62.55M | -13.42M |
| Financing Cash Flow | -2.02M | -2.07M | -3.78M | 18.91M | -4.69M | 104.05M |
KORE Group Holdings Technical Analysis
Positive
5.11
Price Trends
9.10
Positive
7.40
Positive
5.33
Positive
Market Momentum
0.06
Positive
70.60
Negative
42.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KORE, the sentiment is Positive. The current price of 5.11 is below the 20-day moving average (MA) of 9.16, below the 50-day MA of 9.10, and below the 200-day MA of 5.33, indicating a bullish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 70.60 is Negative, neither overbought nor oversold. The STOCH value of 42.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KORE.
KORE Group Holdings Risk Analysis
KORE Group Holdings disclosed 55 risk factors in its most recent earnings report. KORE Group Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
KORE Group Holdings Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
53 Neutral | $161.46M | -1.56 | 45.15% | ― | -0.93% | 47.84% | |
| ― | $4.31M | -0.05 | -17.16% | ― | 8107.29% | -168.99% | |
52 Neutral | $37.80M | -0.38 | 12.54% | ― | -10.78% | 36.66% | |
46 Neutral | $8.15M | -1.43 | -66.72% | ― | 23.43% | -2.44% | |
44 Neutral | $48.03M | -12.04 | -34.75% | ― | -1.27% | 11.71% |
* Communication Services Sector Average
KORE
KORE Group Holdings
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6.81
287.34%
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KORE Group Holdings Corporate Events
Delistings and Listing ChangesM&A Transactions
KORE Group to Be Acquired in Cash Merger Deal
Positive
Mar 20, 2026
KORE Group Holdings, Inc. has agreed to be acquired by KONA Parent, L.P. under a merger agreement signed on February 26, 2026, in which KONA Merger Sub Co. will merge into KORE, leaving KORE as a wholly owned subsidiary of KONA Parent. At the effe...
Delistings and Listing ChangesRegulatory Filings and Compliance
KORE Group Regains NYSE Listing Compliance and Stability
Positive
Mar 13, 2026
On March 12, 2026, KORE Group Holdings, Inc. received notice from the New York Stock Exchange that it had regained compliance with the exchange’s quantitative continued listing standards, specifically the minimum market capitalization and st...
Delistings and Listing ChangesM&A Transactions
KORE Group to Be Taken Private in Buyout
Positive
Feb 27, 2026
On February 26, 2026, KORE Group Holdings entered into a definitive merger agreement under which an affiliate of private investment firms Searchlight Capital Partners and Abry Partners will acquire all KORE common shares they do not already own fo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.