KORE Group Holdings, Inc.
ir.korewireless.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2026 10-Q, filed May 11, 2026. Its latest SEC filing is a SCHEDULE 13G/A from Sep 8, 2026.
10-Q for Q1 FY2026, filed May 11, 2026
The sections below describe the company as of the FY2025 annual report.
What Did They Do?
Provides IoT connectivity, device solutions, and managed services to enterprise customers, channel partners, and resellers.
10-K for FY2025, filed Mar 31, 2026We offer IoT connectivity to the Internet (“IoT Connectivity”) and other IoT solutions to our customers. We are one of the largest global…View ↗
We help clients deploy, manage, and scale their mission-critical IoT Solutions, offering a “one-stop shop” for enterprise customers seeking…View ↗
We provide IoT Connectivity and IoT Solutions to enterprise customers across several key end markets, comprised of (i) Connected Health…View ↗
How Did They Make Money?
Customers pay monthly connectivity subscriptions and data-use charges, plus per-device management and per-subscriber software fees; device sales carry an upfront fee per device.
10-K for FY2025, filed Mar 31, 2026IoT Connectivity arrangements provide customers with secure and reliable wireless connectivity to mobile and fixed devices through various…View ↗
Overage/usage charges are billed in arrears on a monthly cycle. Overage usage charges are evaluated on a monthly basis, and any…View ↗
Revenue from IoT Solutions is derived from IoT device management services, location-based software services, and IoT security software…View ↗
Our IoT Solutions line of business represented 22% and 21% of our revenues in 2025 and 2024, respectively, and consists primarily of the…View ↗
$285.9M
-
10-K for FY2025, filed Mar 31, 2026
$285.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Services
|
79%
FY2022: 70%
|
Services, FY2025
$227.3M Sources
|
|
|
Products
Sold outright
10-K for FY2025, filed Mar 31, 2026 |
21%
FY2022: 30%
|
Products, FY2025
$58.7M Sources
|
Sold outright |
Who Were Their Customers?
Serves enterprise customers across healthcare, fleet and vehicle management, asset management, communications services, and industrial/manufacturing, and supplies channel partners and resellers.
10-K for FY2025, filed Mar 31, 2026We offer IoT connectivity to the Internet (“IoT Connectivity”) and other IoT solutions to our customers. We are one of the largest global…View ↗
We provide IoT Connectivity and IoT Solutions to enterprise customers across several key end markets, comprised of (i) Connected Health…View ↗
Our customers operate in a wide variety of sectors, including healthcare, fleet and vehicle management, asset management, communication…View ↗
Did Revenues Turn Into Profits?
Not on paper. It lost $63M in FY2025, but brought in more cash than it spent: $15.8M of free cash flow.
10-K for FY2025, filed Mar 31, 2026
−$12.5MView ↗
10-K for FY2025, filed Mar 31, 2026
−$63MView ↗
10-K for FY2025, filed Mar 31, 2026
$15.8MView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q1 FY2026, filed May 12, 2026
−$28.5MView ↗
- ▲ +91% (Loss)
- vs −$14.9M in Q1 FY2025
10-Q for Q1 FY2026, filed May 11, 2026
Open tableView ↗
-
Jul 21, 2026
Searchlight and Abry affiliates acquired KORE, which became private and was delisted.
Common shareholders were entitled to $9.25 per share in cash.
Sources
8-K, filed Jul 21, 2026
Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than (i) shares held by Parent or…View ↗
Grew. Revenue grew 15% in 4 years, from $248.2M in FY2021 to $285.9M in FY2025, about 4% a year.
Who Did They Compete With?
Competes with T-Mobile, AT&T, Vodafone, Telefónica, Verizon, Aeris, Wireless Logic, and Hologram
10-K for FY2025, filed Mar 31, 2026The IoT Connectivity market remains highly competitive and includes large global mobile network operators as well as specialized IoT…View ↗
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