KORE Group Holdings, Inc. (KORE) Revenue History
Annual and quarterly revenue from 2019 to 2024
Compound Annual Growth Rate (CAGR)
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KORE Revenue Growth
Revenue Breakdown (FY 2024)
KORE's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
KORE Revenue Analysis (2019–2024)
As of May 8, 2026, KORE Group Holdings, Inc. (KORE) generated trailing twelve-month (TTM) revenue of $285.4 million, reflecting slight decline in growth of -0.3% year-over-year. The most recent quarter (Q3 2025) recorded $68.7 million in revenue, down 3.6% sequentially.
Looking at the longer-term picture, KORE's 5-year compound annual growth rate (CAGR) stands at +11.1%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $286.1 million in 2024, representing a new all-time high.
Revenue diversification analysis shows KORE's business is primarily driven by Service (82%), and Hardware Sales (18%). With over half of revenue concentrated in Service, the company maintains significant focus in this area while developing other growth vectors.
When 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 terms of 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 | $285M | -0.3% | +11.1% | -35.9% | |
 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 | $250M | +8.5% | +13.7% | -0.4% | |
 SHEN | $358M | -18.8% | +10.1% | -6.2% |
KORE Historical Revenue Data (2019–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
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Start ComparisonKORE — Frequently Asked Questions
Quick answers to the most common questions about buying KORE stock.
Is KORE's revenue growth accelerating or slowing?
KORE revenue growth slowed to -0.3%, below the 5-year CAGR of +11.1%. TTM revenue is $285M. The deceleration marks a shift from historical growth rates.
What is KORE's long-term revenue growth rate?
KORE Group Holdings, Inc.'s 5-year revenue CAGR of +11.1% reflects the variable expansion pattern. Current YoY growth of -0.3% is near this long-term average.
How is KORE's revenue distributed by segment?
KORE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2024 are available for download. Segment mix reveals concentration and diversification trends.