KORE Group Holdings, Inc. (NYSE: KORE) announced its financial results for the fiscal year and fourth quarter ended December 31, 2025, revealing a notable improvement in profitability and cash flow. The company reported fourth-quarter revenue of $73.9 million, which remained roughly flat compared to the same period last year. However, the total connections increased to 20.9 million, reflecting a 6% growth from 19.7 million in the previous year. The net loss for the quarter decreased to $18.5 million, an improvement of $7.0 million or 27% from the same period last year. Adjusted EBITDA rose to $17.7 million, up 26% year-over-year. The company also reported cash provided by operations of $10.4 million, an increase of $8.4 million from the prior year, and free cash flow improved to $7.8 million, up $6.3 million from the same period last year. For the full year, KORE reported total revenue of $285.9 million, slightly down from $286.1 million in 2024, but the net loss significantly improved to $63.0 million from $146.1 million in the previous year. Adjusted EBITDA for the full year was $63.3 million, a 19% increase from $53.1 million a year ago. The company also highlighted that cash provided by operating activities was $18.5 million for the full year, an improvement of $9.4 million year-over-year. Free cash flow for the full year was reported at $8.9 million, an increase of $12.4 million compared to the previous year. KORE's President & CEO, Ron Totton, emphasized the disciplined execution and growth in total connections, indicating strong demand for their IoT platform. Additionally, KORE announced a pending acquisition by affiliates of Searchlight Capital Partners, L.P. and Abry Partners, with an enterprise value of approximately $726 million, expected to close in the second or third quarter of 2026, subject to customary closing conditions.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.