Financial Statements — KORE
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 |
|---|
| Cash & Equivalents | 28.92 | 19.29 | 20.96 | 19.66 | 18.61 | 22.26 | 23.03 | 19.77 | 22.92 | 30.60 | 42.93 | 40.44 | 31.91 | 72.69 |
| Accounts Receivable | 41.71 | 46.18 | 43.18 | 45.40 | 45.81 | 45.15 | 54.75 | 48.22 | 47.03 | 48.06 | 41.24 | 50.77 | 57.07 | 52.64 |
| Inventory | 3.71 | 7.36 | 5.72 | 6.07 | 7.55 | 7.84 | 7.61 | 9.93 | 7.37 | 8.77 | 8.27 | 9.90 | 12.07 | 12.15 |
| Total Current Assets | 83.10 | 82.15 | 79.22 | 80.53 | 83.47 | 86.62 | 99.00 | 92.23 | 88.84 | 100.48 | 106.46 | 110.91 | 109.96 | 152.01 |
| Property, Plant & Equipment | 5.96 | 7.98 | 8.22 | 7.85 | 9.51 | 10.38 | 10.64 | 12.12 | 12.90 | 12.14 | 12.14 | 11.89 | 0.39 | 12.63 |
| Goodwill | 228.84 | 228.84 | 228.84 | 228.84 | 228.84 | 228.84 | 294.77 | 294.60 | 373.09 | 369.87 | 425.60 | 426.13 | 426.70 | 382.19 |
| Intangible Assets | 72.26 | 93.57 | 104.12 | 115.06 | 138.74 | 148.06 | 158.40 | 176.03 | 185.17 | 183.25 | 201.26 | 211.83 | 222.76 | 212.63 |
| Total Non-current Assets* | 313.02 | 341.23 | 353.71 | 364.60 | 390.44 | 401.10 | 477.62 | 493.95 | 582.43 | 576.05 | 651.01 | 658.50 | 671.45 | 608.39 |
| Total Assets | 396.11 | 423.38 | 432.94 | 445.13 | 473.92 | 487.72 | 576.62 | 586.18 | 671.27 | 676.53 | 757.47 | 769.41 | 781.40 | 760.41 |
| Accounts Payable | 13.32 | 17.46 | 19.14 | 18.56 | 22.69 | 21.38 | 22.49 | 22.46 | 21.60 | 23.26 | 18.20 | 19.29 | 19.90 | 20.52 |
| Total Current Liabilities | 79.28 | 69.11 | 71.62 | 65.35 | 64.45 | 62.61 | 72.29 | 62.84 | 53.98 | 55.08 | 47.08 | 47.77 | 44.54 | 57.65 |
| Long-term Debt | 295.11 | 295.33 | 295.42 | 295.53 | 295.76 | 295.86 | 295.98 | 412.63 | 412.85 | 413.09 | 414.68 | 413.79 | 414.03 | 378.36 |
| Total Non-current Liabilities* | 508.34 | 499.98 | 494.81 | 494.68 | 486.70 | 482.27 | 481.99 | 452.23 | 454.26 | 456.76 | 458.94 | 457.76 | 461.78 | 418.79 |
| Total Liabilities | 587.62 | 569.10 | 566.43 | 560.03 | 551.15 | 544.88 | 554.28 | 515.07 | 508.24 | 511.83 | 506.01 | 505.53 | 506.32 | 476.44 |
| Retained Earnings | (652.79) | (605.85) | (593.14) | (576.26) | (535.91) | (516.50) | (432.87) | (381.59) | (286.23) | (266.73) | (172.95) | (159.93) | (148.79) | (126.20) |
| Total Stockholder Equity | (191.50) | (145.71) | (133.49) | (114.90) | (77.24) | (57.16) | 22.33 | 71.11 | 163.03 | 164.70 | 251.46 | 263.88 | 275.08 | 283.97 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 65.82 | 73.86 | 68.69 | 71.25 | 72.14 | 73.32 | 68.92 | 67.87 | 75.97 | 72.47 | 68.63 | 69.54 | 65.97 | 62.51 | 66.64 | 70.35 | 68.94 | 64.30 | 67.88 |
| Selling, General & Admin | 30.07 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 32.78 | 32.89 | 30.20 | 26.34 | 28.84 | 29.41 | 27.63 | 25.21 | 26.00 |
| Total Operating Expenses | 43.22 | 42.13 | 42.16 | 44.56 | 41.58 | 54.43 | 43.83 | 115.32 | 49.14 | 49.59 | 125.49 | 47.40 | 44.33 | 98.23 | 42.55 | 43.19 | 40.82 | 37.67 | 38.44 |
| Operating Income | (4.11) | (0.60) | (4.21) | (5.22) | (2.46) | (13.09) | (5.63) | (76.70) | (7.38) | (12.66) | (87.85) | (9.58) | (8.67) | (64.46) | (7.48) | (6.71) | (6.85) | (6.93) | (5.53) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 10.62 | 10.41 | 10.20 | 9.24 | 8.21 | 7.30 | 6.62 | 7.11 | 5.59 |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (13.45) | -- | (8.22) |
| Tax Provision | 0.07 | 0.42 | (4.59) | 1.49 | 1.11 | (3.45) | (0.41) | (1.65) | (0.42) | (0.20) | (3.09) | (0.49) | (0.37) | (2.57) | (2.54) | (2.76) | (2.54) | (2.07) | (3.71) |
| Net Income | (28.46) | (18.48) | (12.71) | (16.88) | (14.91) | (25.45) | (19.41) | (83.63) | (17.59) | (33.69) | (95.36) | (19.50) | (18.49) | (71.13) | (13.02) | (11.14) | (10.91) | (11.98) | (4.51) |
| Basic EPS | (1.43) | (0.92) | (0.64) | (0.86) | (0.77) | (3.04) | (1.00) | (4.37) | (0.19) | (0.41) | (1.10) | (0.24) | (0.24) | (0.93) | (0.17) | (0.15) | (0.15) | 0.00 | (0.27) |
| Diluted EPS | (1.43) | (0.92) | (0.64) | (0.86) | (0.77) | (3.04) | (1.00) | (4.37) | (0.19) | (0.41) | (1.10) | (0.24) | (0.24) | (0.93) | (0.17) | (0.15) | (0.15) | 0.00 | (0.27) |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 4.71 | 10.45 | 1.06 | 4.10 | 2.87 | 2.84 | 1.18 | 3.99 | 1.90 | (10.91) | 3.19 | (0.61) | 1.91 | (4.17) | 9.84 | 14.67 | (3.98) | (5.32) | (9.44) |
| Capital Expenditures | 0.16 | 1.07 | 0.18 | 1.28 | 0.13 | 0.86 | 0.20 | 0.86 | 0.88 | 1.02 | 0.82 | 1.57 | 1.02 | 0.36 | 1.36 | 0.95 | 0.64 | 1.02 | 3.16 |
| Free Cash Flow* | 4.56 | 9.38 | 0.88 | 2.82 | 2.75 | 1.98 | 0.97 | 3.12 | 1.03 | (11.93) | 2.37 | (2.18) | 0.89 | (4.53) | 8.48 | 13.72 | (4.61) | (6.33) | (12.59) |
| Investing Cash Flow | (1.97) | (2.60) | (2.19) | (2.51) | (2.28) | (1.28) | (3.39) | (4.10) | (4.68) | (4.63) | (5.35) | (5.41) | (4.84) | (4.57) | (4.77) | (4.70) | (48.50) | (3.64) | (9.78) |
| Financing Cash Flow | (0.47) | (0.46) | (0.53) | (0.56) | (0.51) | (0.40) | (1.65) | (0.56) | (1.18) | 22.67 | (1.10) | (1.33) | (1.32) | (1.09) | (1.14) | 0.08 | (1.55) | 22.28 | 81.77 |
* Derived from reported values
