KORE Group Holdings, Inc. (KORE) Revenue History
Annual and quarterly revenue from 2019 to present
KORE Revenue Over Time (2019–2025)
KORE Revenue Growth History
5 of 6 years with positive growth- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- +26.4%
- FY2021 revenue growth
- +16.2%
- FY2022 revenue growth
- +8.1%
- FY2023 revenue growth
- +3.0%
- FY2024 revenue growth
- +3.4%
- FY2025 revenue growth
- -0.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $65.8M | -8.8% |
| Q4 2025 | $73.9M | +0.7% |
| Q3 2025 | $68.7M | -0.3% |
| Q2 2025 | $71.3M | +5.0% |
| Q1 2025 | $72.1M | -5.0% |
| Q4 2024 | $73.3M | +1.2% |
| Q3 2024 | $68.9M | +0.4% |
| Q2 2024 | $67.9M | -2.4% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
KORE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
KORE Revenue Analysis (2019–2025)
Current Revenue & Growth
As of June 23, 2026, KORE Group Holdings, Inc. (KORE) generated trailing twelve-month (TTM) revenue of $279.6 million, reflecting moderate decline in growth of -8.8% year-over-year. The most recent quarter (Q1 2026) recorded $65.8 million in revenue, down 10.9% sequentially.
Historical Growth Trajectory
KORE's 5-year compound annual growth rate (CAGR) stands at +6.0%, indicating steady revenue expansion. The 3-year CAGR of +2.1% is below the 5-year average, signalling a growth deceleration in recent years. KORE Group Holdings, Inc.'s highest annual revenue of $286.1 million was recorded in 2024.
Revenue by Segment
KORE's revenue is primarily driven by Service (79%), and Hardware Sales (21%). With over half of revenue concentrated in Service, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Communication Services sector peers — including TWLO (+15.7% YoY), EOLS (+9.4% YoY), and SPOK (-25.6% YoY) — KORE has underperformed the peer group in revenue growth. Compare KORE vs TWLO →
KORE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| KORECurrent | $280M | -8.8% | +6.0% | -4.4% | |
 TWLO | $5.1B | +15.7% | +23.5% | 3.4% | |
 EOLS | $297M | +9.4% | +39.4% | -12.7% | |
 SPOK | $140M | -25.6% | -1.2% | 14.1% | |
 GSAT | $273M | +11.5% | +16.3% | 5.4% | |
 SHEN | $358M | -18.8% | +10.1% | -6.2% |
KORE Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $285.9M | -0.0% | $157.9M | 55.2% | $-12,489,000 | -4.4% |
| 2024 | $286.1M | +3.4% | $159.9M | 55.9% | $-102,793,000 | -35.9% |
| 2023 | $276.6M | +3.0% | $148.0M | 53.5% | $9.8M | 3.5% |
| 2022 | $268.4M | +8.1% | $139.3M | 51.9% | $85.4M | 31.8% |
| 2021 | $248.4M | +16.2% | $127.1M | 51.2% | $-15,559,000 | -6.3% |
| 2020 | $213.8M | +26.4% | $115.8M | 54.2% | $-9,541,000 | -4.5% |
| 2019 | $169.2M | - | $105.5M | 62.4% | $-11,834,000 | -7.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
KORE — Frequently Asked Questions
Quick answers to the most common questions about buying KORE stock.
Is KORE's revenue growth accelerating or slowing?
KORE revenue is declining -8.8% year-over-year. TTM revenue fell to $280M, contrasting with the 5-year CAGR of +6.0%. The reversal reflects either macro headwinds or company-specific challenges.
What is KORE's revenue history from 2019 to 2026?
KORE Group Holdings, Inc. (KORE) revenue history spans 2019 to 2026. TTM revenue as of 2026 is $280M, growing at -8.8% YoY. The 5-year CAGR is +6.0%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is KORE's long-term revenue growth rate (CAGR)?
KORE Group Holdings, Inc.'s 5-year revenue CAGR of +6.0% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -8.8% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for KORE.
Why does KORE's quarterly revenue fluctuate?
KORE quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. KORE Group Holdings, Inc.'s revenue data from 2019 to 2026 shows full historical quarterly detail on this page.
How is KORE's revenue distributed by segment?
KORE reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does KORE's revenue compare to industry peers?
KORE Group Holdings, Inc. (KORE) with TTM revenue of $280M and -8.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.