KORE Group (KORE) Q4 2025 earnings summary

Executive summary

• Achieved strong profitability and free cash flow growth in 2025, with disciplined execution and expansion in Total Connections, reflecting durable demand for IoT services.

Financial highlights

• Q4 2025 revenue was $73.9 million, flat year-over-year; full-year revenue was $285.9 million, nearly unchanged from 2024.

• Q4 net loss improved to $18.5 million, down 27% year-over-year; full-year net loss was $63.0 million, a 57% improvement.

• Adjusted EBITDA for Q4 rose 26% to $17.7 million; full-year Adjusted EBITDA increased 19% to $63.3 million.

• Q4 free cash flow was $7.8 million, up $6.3 million year-over-year; full-year free cash flow was $8.9 million, up $12.4 million.

Segment performance

• IoT Connectivity contributed 78% of Q4 and full-year revenue; IoT Solutions accounted for 22%.

• Total Connections at year-end reached 20.9 million, up 6% from 19.7 million a year ago.

• Average Connections Count for the year was 20.3 million, up from 18.7 million in 2024.