KORE Group (KORE) Revenue & Revenue Breakdown


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KORE Group Revenue Highlights


Latest Revenue (Y)

$286.09M

Latest Revenue (Q)

$72.14M

Main Segment (Y)

Service

Main Geography (Y)

UNITED STATES

KORE Group Revenue by Period


KORE Group Revenue by Year

DateRevenueChange
2024-12-31$286.09M3.43%
2023-12-31$276.61M3.04%
2022-12-31$268.45M8.15%
2021-12-31$248.22M16.12%
2020-12-31$213.76M26.37%
2019-12-31$169.15M-

KORE Group generated $286.09M in revenue during NA 2024, up 3.43% compared to the previous quarter, and up 169.13% compared to the same period a year ago.

KORE Group Revenue by Quarter

DateRevenueChange
2025-03-31$72.14M-1.61%
2024-12-31$73.32M6.39%
2024-09-30$68.92M1.55%
2024-06-30$67.87M-10.67%
2024-03-31$75.97M4.84%
2023-12-31$72.47M5.58%
2023-09-30$68.63M-1.30%
2023-06-30$69.54M5.40%
2023-03-31$65.97M5.70%
2022-12-31$62.42M-6.34%
2022-09-30$66.64M-5.28%
2022-06-30$70.35M2.05%
2022-03-31$68.94M7.22%
2021-12-31$64.30M-5.27%
2021-09-30$67.88M11.75%
2021-06-30$60.74M9.85%
2021-03-31$55.30M-3.77%
2020-12-31$57.46M3.99%
2020-09-30$55.26M8.22%
2020-06-30$51.06M2.17%
2020-03-31$49.98M-

KORE Group generated $72.14M in revenue during Q1 2025, up -1.61% compared to the previous quarter, and up 99.55% compared to the same period a year ago.

KORE Group Revenue Breakdown


KORE Group Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21
Hardware Sales$51.84M$63.97M$69.09M-
Service$234.25M$212.65M$188.99M$187.96M
Product--$79.46M$60.26M
Bill And Hold Hardware Sales--$10.74M-

KORE Group's latest annual revenue breakdown by segment (product or service), as of Dec 24: Service (81.88%), and Hardware Sales (18.12%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Jun 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Service$59.09M$58.20M$57.32M$59.64M$47.19M$47.51M$48.10M$48.43M-----
Hardware Sales$14.24M$10.72M$10.55M$16.34M$31.02M$16.50M$16.44M$12.34M$16.81M$20.93M---
Bill And Hold Hardware Sales-----$2.27M$2.20M$3.24M$3.42M$1.65M---
Product-------$15.22M$21.43M$16.20M$19.45M--
Deployment Services, Professional Services, And Other--------$3.50M$3.99M---

KORE Group's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Service (80.58%), and Hardware Sales (19.42%).

KORE Group Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23Dec 22
Non-US$44.37M--
UNITED STATES$241.72M$223.17M$211.60M

KORE Group's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (84.49%), and Non-US (15.51%).

Quarterly Revenue by Country

CountryDec 24Sep 24Jun 24Mar 24Dec 23Jun 23
UNITED STATES$62.72M$58.20M$57.18M$63.62M$166.46M$56.71M
Non-US-----$12.83M

KORE Group's latest quarterly revenue breakdown by geography, as of Dec 24: UNITED STATES (100.00%).

KORE Group Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
TLKPerusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk$149.22T$37.43T
KTKT$26.29T$6.65T
SKMSK Telecom$17.61T$4.47T
PHIPLDT$210.95B$54.22B
LBRDKLiberty Broadband$55.09B$263.00M
TIMBTIM$23.83B$6.10B
LILAKLiberty Latin America$4.46B$1.15B
LBTYALiberty Global$4.34B$1.17B
CABOCable One$1.58B$380.60M
RBBNRibbon Communications$833.88M$181.28M
CCOICogent Communications$783.81M$252.29M
ATNIATN$729.08M$179.29M
SHENShenandoah Telecommunications$328.06M-
KOREKORE Group$286.09M$72.14M
ATEXAnterix--

KORE Revenue FAQ


What is KORE Group’s yearly revenue?

KORE Group's yearly revenue for 2024 was $286.09M, representing an increase of 3.43% compared to 2023. The company's yearly revenue for 2023 was $276.61M, representing an increase of 3.04% compared to 2022. KORE's yearly revenue for 2022 was $268.45M, representing an increase of 8.15% compared to 2021.

What is KORE Group’s quarterly revenue?

KORE Group's quarterly revenue for Q1 2025 was $72.14M, a -1.61% decrease from the previous quarter (Q4 2024), and a -5.05% decrease year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $73.32M, a 6.39% increase from the previous quarter (Q3 2024), and a 1.18% increase year-over-year (Q4 2023). KORE's quarterly revenue for Q3 2024 was $68.92M, a 1.55% increase from the previous quarter (Q2 2024), and a 0.42% increase year-over-year (Q3 2023).

What is KORE Group’s revenue growth rate?

KORE Group's revenue growth rate for the last 3 years (2022-2024) was 6.57%, and for the last 5 years (2020-2024) was 33.84%.

What are KORE Group’s revenue streams?

KORE Group's revenue streams in c 24 are Hardware Sales, and Service. Hardware Sales generated $51.84M in revenue, accounting 18.12% of the company's total revenue, down -18.96% year-over-year. Service generated $234.25M in revenue, accounting 81.88% of the company's total revenue, up 10.16% year-over-year.

What is KORE Group’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of KORE Group was Service. This segment made a revenue of $234.25M, representing 81.88% of the company's total revenue.