KORE Group Holdings

KORE

Information Technology Services · Technology

Price

$9.25

+0.00 (+0.00%)

Market Cap

$163.0M

Exchange

New York Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

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Share count rising — dilution

+234987.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 8.4M (2021) → 19.72B (2025)

Winston Score History

The full picture

KORE Group Holdings is a company that helps other businesses connect devices to the internet wirelessly — this is called the Internet of Things, or IoT. Its customers are companies in healthcare, fleet management, and financial services that need to track equipment, vehicles, or data remotely. KORE acts as a middleman, providing the connectivity, software, and analytics that make those connected devices actually work.

KORE makes money through recurring subscriptions for connectivity and software services, plus fees for managing IoT deployments. It operates globally, with customers across North America, Europe, and other regions, and generates roughly $300 million in annual revenue. The company's main competitive advantage is its ability to bundle connectivity with software and professional services in one package, but it currently operates at a loss, and its biggest challenge is reaching consistent profitability while competing against large telecom carriers and specialized IoT platforms that have significantly more resources.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-8.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-85.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

72.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$29M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

KORE Group Holdings's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

39.4%

Modest — 39.4% gross margin

Profit after running costs

Operating Margin

0.9%

Thin — 0.9% operating margin

Return on the money invested

ROCE

0.2%

Weak — 0.2% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

-0.9%

Shrinking sales (-0.9% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

4.3%

Thin free cash flow (4.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

—

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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