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Kore Group Overview
About Kore Group
Kore Group Holdings Inc provides Internet of Things (IoT) solutions and services. In addition to providing critical services to customers globally, it enables them to manage, deploy, and scale their IoT applications and use cases. It offers connectivity services, location-based services, device solutions, and managed and professional services for the development and support of IoT technology for the Machine-to-Machine market. It derives revenue from IoT Connectivity services, IoT Solutions services, SIMs (IoT Connectivity), and IoT devices (IoT Solutions). Geographically, the company generates the majority of its revenue from the United States and the rest from other countries.
Founded
2021
HQ
Employees
539
Website
Financials (LTM)
EV
$442M
Kore Group Financials
Kore Group reported last 12-month revenue of $288M and EBITDA of $65M.
In the same LTM period, Kore Group generated $159M in gross profit, $65M in EBITDA, and had net loss of ($48M).
Revenue (LTM)
Kore Group P&L
In the most recent fiscal year, Kore Group reported revenue of $286M and EBITDA of $53M.
Kore Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $288M | XXX | $286M | XXX | XXX | XXX |
| Gross Profit | $159M | XXX | $160M | XXX | XXX | XXX |
| Gross Margin | 55% | XXX | 56% | XXX | XXX | XXX |
| EBITDA | $65M | XXX | $53M | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 19% | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | (13%) | XXX | XXX | XXX |
| Net Profit | ($48M) | XXX | ($146M) | XXX | XXX | XXX |
| Net Margin | (17%) | XXX | (51%) | XXX | XXX | XXX |
| Net Debt | — | — | $278M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Kore Group Stock Performance
Kore Group has current market cap of $157M, and enterprise value of $442M.
Market Cap Evolution
Kore Group's stock price is $8.95.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $442M | $157M | 0.0% | XXX | XXX | XXX | $-8.33 |
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Start Free TrialKore Group Valuation Multiples
Kore Group trades at 1.5x EV/Revenue multiple, and 6.8x EV/EBITDA.
EV / Revenue (LTM)
Kore Group Financial Valuation Multiples
As of March 30, 2026, Kore Group has market cap of $157M and EV of $442M.
Equity research analysts estimate Kore Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Kore Group has a P/E ratio of (3.2x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $157M | XXX | $157M | XXX | XXX | XXX |
| EV (current) | $442M | XXX | $442M | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 6.8x | XXX | 8.3x | XXX | XXX | XXX |
| EV/EBIT | 56.8x | XXX | (12.0x) | XXX | XXX | XXX |
| EV/Gross Profit | 2.8x | XXX | 2.8x | XXX | XXX | XXX |
| P/E | (3.2x) | XXX | (1.1x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (124.5x) | XXX | XXX | XXX |
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Verified Kore Group Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Kore Group Margins & Growth Rates
Kore Group's revenue in the last 12 month grew by 8%.
Kore Group's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.4M for the same period.
Kore Group's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Kore Group's rule of X is 50% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Kore Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Growth | 15% | XXX | 17% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 34% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 50% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 69% | XXX | XXX | XXX |
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Kore Group Public Comps
See public comps and valuation multiples for other IoT comps.
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Kore Group M&A Activity
Kore Group acquired XXX companies to date.
Last acquisition by Kore Group was on XXXXXXXX, XXXXX. Kore Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Kore Group
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialKore Group Investment Activity
Kore Group invested in XXX companies to date.
Kore Group made its latest investment on XXXXXXXX, XXXXX. Kore Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Kore Group
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Kore Group
| When was Kore Group founded? | Kore Group was founded in 2021. |
| Where is Kore Group headquartered? | Kore Group is headquartered in United States. |
| How many employees does Kore Group have? | As of today, Kore Group has over 539 employees. |
| Who is the CEO of Kore Group? | Kore Group's CEO is Ronald Totton. |
| Is Kore Group publicly listed? | Yes, Kore Group is a public company listed on NYSE. |
| What is the stock symbol of Kore Group? | Kore Group trades under KORE ticker. |
| When did Kore Group go public? | Kore Group went public in 2021. |
| Who are competitors of Kore Group? | Kore Group main competitors are Nelco, Reeder, Gefran, Quartix. |
| What is the current market cap of Kore Group? | Kore Group's current market cap is $157M. |
| What is the current revenue of Kore Group? | Kore Group's last 12 months revenue is $288M. |
| What is the current revenue growth of Kore Group? | Kore Group revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Kore Group? | Current revenue multiple of Kore Group is 1.5x. |
| Is Kore Group profitable? | Yes, Kore Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Kore Group? | Kore Group's last 12 months EBITDA is $65M. |
| What is Kore Group's EBITDA margin? | Kore Group's last 12 months EBITDA margin is 23%. |
| What is the current EV/EBITDA multiple of Kore Group? | Current EBITDA multiple of Kore Group is 6.8x. |
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