KORE Group Holdings (KORE) AI Stock Analysis

• Market Cap: $85.95M
• Dividend Yield: N/A
• Average Volume (3M): 43.46K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.38
• Revenue Growth: 0.06%
• EPS Growth: 55.55%
• Country: US
• Employees: 539
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): -0.64
• Shares Outstanding: 17,539,936
• 10 Day Avg. Volume: 25,468
• 30 Day Avg. Volume: 43,459
• PEG Ratio: 0.02
• Price to Book (P/B): -0.62
• Price to Sales (P/S): 0.22
• P/FCF Ratio: -17.46
• Enterprise Value/Market Cap: 5.55
• Enterprise Value/Revenue: 1.67
• Enterprise Value/Gross Profit: 3.02
• Enterprise Value/Ebitda: 17.89
• 1Y Price Target: $5.00
• Price Target Upside: 2.04% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: $5.00 ▲(2.04% Upside)

KORE's overall stock score reflects significant financial challenges, including declining revenues and high leverage, which are major concerns. Technical analysis shows positive momentum, providing some optimism. Valuation remains weak due to negative earnings. The earnings call provided mixed signals with operational improvements but strategic uncertainties.

Positive Factors

Recurring subscription revenue and partner ecosystem

A subscription-based model with established operator and technology partners provides predictable recurring revenue, higher customer retention potential, and distribution scale. This durable revenue mix supports steady cash inflows and cross-sell opportunities across IoT verticals over the medium term.

Large and growing connection base

Over 20.5 million connections and 9% YoY growth create scale advantages in network management and unit economics. A larger installed base supports recurring ARR, data monetization, and upsell of value-added services, making long-term revenue expansion more achievable if churn is controlled.

KORE One platform improved operational efficiency

A unified platform that cuts support tickets >50% indicates durable cost savings and better serviceability. Platform consolidation can lower OPEX, improve gross margins over time, and strengthen customer stickiness through improved experience and faster product rollouts.

Negative Factors

High leverage and negative equity

Negative shareholders' equity and high leverage constrain financial flexibility, increase refinancing and covenant risk, and can limit M&A or investment options. Over 2–6 months this raises the probability of balance sheet restructuring or the need for external capital under unfavorable terms.

Severe free cash flow deterioration

A >100% decline in free cash flow growth signals weak cash conversion and impaired ability to self-fund capex, debt service, or working capital. Persistent cash deficits force reliance on external financing, increasing dilution or leverage and raising long-term solvency concerns.

Revenue decline and negative profitability

An -8% TTM revenue trend combined with a -26.8% net margin indicates structural pressure on demand mix and profitability. Lower ARPU from new low-ARPU connections and shrinking revenue magnify the challenge of achieving sustainable operating leverage and long-term positive earnings.

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 technology for the Machine-to-Machine market. The company provides Connectivity-as-a-Service; IoT solutions and analytics to fleet tracking companies; and asset monitoring, communications, and industrial IoT services. It serves customers operating in a range of sectors, including healthcare, fleet and vehicle management, asset management, communication services, and industrial/manufacturing. The company was founded in 2002 and is headquartered in Alpharetta, Georgia.

How the Company Makes Money

KORE generates revenue primarily through its subscription-based model, where clients pay recurring fees for IoT connectivity services and data management solutions. Key revenue streams include monthly subscription fees for connectivity, one-time fees for device activation and management, and additional revenue from value-added services such as analytics and reporting tools. The company has established significant partnerships with network operators and technology providers, enhancing its service offerings and expanding its market reach, which contributes to its earnings growth.

KORE Group Holdings Financial Statement Overview

Summary

KORE Group Holdings faces significant financial challenges, with declining revenues and profitability issues. The balance sheet shows high leverage and negative equity, raising concerns about financial stability. Cash flow generation is weak, with declining free cash flow growth. The company needs to address these issues to improve its financial health and investor confidence.

Income Statement

KORE Group Holdings has shown a decline in revenue with a negative growth rate of -8% in the TTM period. The gross profit margin remains relatively stable at 55.3%, indicating efficient cost management. However, the company is struggling with profitability, as evidenced by a negative net profit margin of -26.8% and negative EBIT margin. The EBITDA margin is slightly positive, suggesting some operational efficiency, but overall profitability remains a concern.

Balance Sheet

The balance sheet reveals significant financial leverage with a negative stockholders' equity, resulting in a negative debt-to-equity ratio. The return on equity is positive due to negative equity, but this is not a sustainable position. The equity ratio is also negative, indicating financial instability and potential risk for investors.

Cash Flow

Cash flow analysis shows a decline in free cash flow growth, with a significant drop of -133.6% in the TTM period. The operating cash flow to net income ratio is low, indicating challenges in converting earnings into cash. The free cash flow to net income ratio is positive, suggesting some ability to generate cash despite net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	285.41M	286.09M	276.61M	268.45M	248.44M	213.76M
Gross Profit	157.75M	159.93M	148.05M	139.29M	127.08M	115.83M
EBITDA	26.65M	-41.99M	-67.27M	-28.07M	34.87M	42.95M
Net Income	-69.94M	-146.08M	-167.04M	-106.20M	-24.78M	-35.20M
Balance Sheet
Total Assets	423.38M	455.83M	586.98M	688.68M	760.34M	700.02M
Cash, Cash Equivalents and Short-Term Investments	19.29M	19.41M	27.14M	34.65M	85.98M	10.32M
Total Debt	447.95M	307.22M	309.41M	430.46M	402.63M	302.93M
Total Liabilities	569.10M	555.43M	550.01M	508.01M	492.81M	679.80M
Stockholders Equity	-145.71M	-99.60M	36.97M	180.67M	267.52M	20.22M
Cash Flow
Free Cash Flow	6.94M	7.10M	-26.65M	-189.00K	-28.18M	14.50M
Operating Cash Flow	10.88M	9.91M	-6.42M	16.36M	-14.76M	26.47M
Investing Cash Flow	-8.26M	-13.46M	-20.23M	-62.55M	-13.42M	-11.60M
Financing Cash Flow	-2.00M	-3.78M	18.91M	-4.69M	104.05M	-12.72M

KORE Group Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 4.9 is above the 20-day moving average (MA) of 4.56, above the 50-day MA of 4.34, and above the 200-day MA of 2.96, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 65.60 is Neutral, neither overbought nor oversold. The STOCH value of 93.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KORE.

KORE Group Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
UCL	56 Neutral	$63.88M	8.20	29.12%	―	-2.61%	85.42%
KORE	55 Neutral	$85.95M	-1.30	―	―	0.06%	55.55%
FNGR	51 Neutral	$77.13M	-12.77	-42.52%	―	15.09%	13.28%
IQST	48 Neutral	$13.17M	-0.96	-79.86%	―	43.19%	-63.65%
YDKG	25 Underperform	$5.65M	>-0.01	-113.86%	―	2482.80%	-169.59%

KORE Group Holdings Corporate Events

KORE Group Approves $3.2M Retention Awards

On October 30, 2025, KORE Group Holdings‘ Board of Directors approved retention awards totaling approximately $3.2 million to retain key employees amid considerations of a potential strategic transaction. The awards are contingent upon continued employment through an 18-month period, with provisions for earlier payment if employment ends without cause or for good reason, impacting the company’s operational stability and strategic positioning.

The most recent analyst rating on (KORE) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on KORE Group Holdings stock, see the KORE Stock Forecast page.

KORE Group Receives Acquisition Proposal from Investors

On November 3, 2025, KORE Group Holdings announced that its Board’s Special Committee received a non-binding letter from Searchlight Capital Partners and Abry Partners proposing to acquire all outstanding shares of KORE’s common stock not already owned by them for $5.00 per share. The Special Committee, with financial and legal advisors, is tasked with evaluating this proposal, but there is no assurance of a transaction. The company will not comment further unless a specific transaction is approved.

The most recent analyst rating on (KORE) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on KORE Group Holdings stock, see the KORE Stock Forecast page.