For the year ending 2025-12-31, KORE made $285,945K in revenue. -$66,081K in net income. Net profit margin of -23.11%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Total revenue | 285,945 | 286,087 | ||
| Service | 90,262 | - | ||
| Product | 37,750 | - | ||
| Total cost of revenue (exclusive of depreciation and amortization shown separately below) | 128,012 | 126,161 | ||
| Selling, general, and administrative expenses-Nonrelated Party | 115,531 | - | ||
| Selling, general, and administrative expenses-Affiliated Entity | 0 | - | ||
| Selling, general, and administrative expenses | - | 140,640 | ||
| Depreciation and amortization | 54,891 | 56,218 | ||
| Goodwill impairment | 0 | 65,861 | ||
| Total operating expenses | 170,422 | 262,719 | ||
| Operating loss | -12,489 | -102,793 | ||
| Other expense, net | - | 1,864 | ||
| Interest expense, including amortization of deferred financing costs-Nonrelated Party | 28,133 | - | ||
| Interest expense, including amortization of deferred financing costs | - | 52,516 | ||
| Interest expense, including amortization of deferred financing costs-Affiliated Entity | 25,244 | - | ||
| Interest income | 649 | 1,120 | ||
| Change in fair value of warrant liabilities to affiliates | 2,405 | -4,040 | ||
| Loss on sale of assets | -1,115 | - | ||
| Other (income) expense, net | 4,182 | - | ||
| Loss before income taxes | -64,555 | -152,013 | ||
| Income tax benefit | -1,579 | -5,937 | ||
| Net loss | -62,976 | -146,076 | ||
| Foreign currency translation adjustment | -3,105 | 2,292 | ||
| Comprehensive loss | -66,081 | -143,784 | ||
| Basic EPS | -3.19 | -7.59 | ||
| Diluted EPS | -3.19 | -7.59 | ||
| Basic Average Shares | 19,715,898 | 19,246,799 | ||
| Diluted Average Shares | 19,715,898 | 19,246,799 | ||
KORE Group Holdings, Inc. (KORE)
KORE Group Holdings, Inc. (KORE)