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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 a majority of its revenue from the United States and the rest from other countries.
2021
600
LTM Revenue $286M
LTM EBITDA $56.8M
$332M
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Kore Group has a last 12-month revenue of $286M and a last 12-month EBITDA of $56.8M.
In the most recent fiscal year, Kore Group achieved revenue of $277M and an EBITDA of -$67.3M.
Kore Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Kore Group valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $277M | $283M | XXX | XXX | XXX |
| Gross Profit | $126M | $139M | XXX | XXX | XXX |
| Gross Margin | 46% | 49% | XXX | XXX | XXX |
| EBITDA | -$67.3M | $54.8M | XXX | XXX | XXX |
| EBITDA Margin | -24% | 19% | XXX | XXX | XXX |
| Net Profit | -$24.5M | -$106M | XXX | XXX | XXX |
| Net Margin | -9% | -38% | XXX | XXX | XXX |
| Net Debt | $316M | $385M | XXX | XXX | XXX |
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As of March 17, 2025, Kore Group's stock price is $3.
Kore Group has current market cap of $42.5M, and EV of $332M.
See Kore Group trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $332M | $42.5M | XXX | XXX | XXX | XXX | $-4.76 |
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Sign UpAs of March 17, 2025, Kore Group has market cap of $42.5M and EV of $332M.
Kore Group's trades at 1.2x LTM EV/Revenue multiple, and 5.8x LTM EBITDA.
Analysts estimate Kore Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Kore Group and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $332M | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | 6.1x | XXX | XXX | XXX |
| P/E | -0.4x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -165.9x | XXX | XXX | XXX |
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Sign UpKore Group's NTM/LTM revenue growth is 5%
Kore Group's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.3M for the same period.
Over next 12 months, Kore Group's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Kore Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Kore Group and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -181% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 25% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.3M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 68% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TKH Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Tanla Platforms | XXX | XXX | XXX | XXX | XXX | XXX |
| MapmyIndia | XXX | XXX | XXX | XXX | XXX | XXX |
| Bittium | XXX | XXX | XXX | XXX | XXX | XXX |
| Vesync | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Kore Group acquired XXX companies to date.
Last acquisition by Kore Group was XXXXXXXX, XXXXX XXXXX XXXXXX . Kore Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Kore Group founded? | Kore Group was founded in 2021. |
| Where is Kore Group headquartered? | Kore Group is headquartered in United States of America. |
| How many employees does Kore Group have? | As of today, Kore Group has 600 employees. |
| Who is the CEO of Kore Group? | Kore Group's CEO is Mr. Ronald Totton. |
| Is Kore Group publicy listed? | Yes, Kore Group is a public company listed on NYS. |
| 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? | Similar companies to Kore Group include e.g. TKH Group, Tanla Platforms, MapmyIndia, Bittium. |
| What is the current market cap of Kore Group? | Kore Group's current market cap is $42.5M |
| What is the current revenue of Kore Group? | Kore Group's last 12-month revenue is $286M. |
| What is the current EBITDA of Kore Group? | Kore Group's last 12-month EBITDA is $56.8M. |
| What is the current EV/Revenue multiple of Kore Group? | Current revenue multiple of Kore Group is 1.2x. |
| What is the current EV/EBITDA multiple of Kore Group? | Current EBITDA multiple of Kore Group is 5.8x. |
| What is the current revenue growth of Kore Group? | Kore Group revenue growth between 2023 and 2024 was 2%. |
| Is Kore Group profitable? | Yes, Kore Group is EBITDA-positive (as of the last 12 months). |
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