KORE Group Holdings (KORGW) Operating Expenses (2020 - 2026)
KORE Group Holdings (KORGW) posted quarterly Operating Expenses of $43.2 million for Q1 2026, up 3.96% year-over-year from $41.6 million in Q1 2025, and up 2.61% on a QoQ basis from $42.1 million in Q4 2025.
KORE Group Holdings (KORGW) Operating Expenses (2020 - 2026) Analysis & Trends
KORE Group Holdings (KORGW) has reported Operating Expenses for 7 consecutive years, with $43.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 3.96% year-over-year to $43.2 million; the TTM figure through Mar 2026 stood at $172.1 million (down 32.56% YoY), while the FY2025 annual figure was $170.4 million, down 35.13% from the prior year.
- Operating Expenses came in at $43.2 million for Q1 2026 at KORE Group Holdings, up from $42.1 million in the prior quarter.
- The five-year high for Operating Expenses was $125.5 million in Q3 2023, with the low at $40.9 million in Q1 2022.
- Average Operating Expenses over 5 years is $56.9 million, with a median of $44.3 million recorded in 2023.
- Across the five-year window, Operating Expenses soared 194.63% in 2023 and slumped 65.08% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $98.0 million in 2022, then plunged by 49.41% to $49.6 million in 2023, then grew by 9.75% to $54.4 million in 2024, then fell by 22.6% to $42.1 million in 2025, then gained by 2.61% to $43.2 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $43.2 million, $42.1 million, and $42.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 1,360.11 Bn | 465.10 Bn | - | - |
| 2 | T-Mobile US | 190.40 Bn | 186.88 Bn | 17.62 Bn | 18.61 Bn |
| 3 | Verizon Communications | 176.65 Bn | 169.60 Bn | 27.94 Bn | 26.20 Bn |
| 4 | At&T | 143.78 Bn | 133.82 Bn | 25.25 Bn | 24.85 Bn |
| 5 | Telecom Argentina | 27.29 Bn | -708.89 Bn | - | - |
| 6 | Charter Communications | 17.55 Bn | 21.72 Bn | - | 10.39 Bn |
| 7 | Millicom International Cellular | 15.13 Bn | 13.99 Bn | - | -650.00 Mn |
| 8 | Globalstar | 10.40 Bn | 10.04 Bn | 46.63 Mn | 61.89 Mn |
| 9 | Sify Technologies | 7.22 Bn | 7.17 Bn | 54.72 Mn | -22.56 Mn |
| 10 | KORE Group Holdings | - | - | 39.12 Mn | 43.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 43.22 Mn |
| Dec 31, 2025 | 42.13 Mn |
| Sep 30, 2025 | 42.16 Mn |
| Jun 30, 2025 | 44.56 Mn |
| Mar 31, 2025 | 41.58 Mn |
| Dec 31, 2024 | 54.43 Mn |
| Sep 30, 2024 | 43.83 Mn |
| Jun 30, 2024 | 115.32 Mn |
| Mar 31, 2024 | 49.14 Mn |
| Dec 31, 2023 | 49.59 Mn |
| Sep 30, 2023 | 125.49 Mn |
| Jun 30, 2023 | 47.40 Mn |
| Mar 31, 2023 | 44.33 Mn |
| Dec 31, 2022 | 98.02 Mn |
| Sep 30, 2022 | 42.59 Mn |
| Jun 30, 2022 | 43.16 Mn |
| Mar 31, 2022 | 40.89 Mn |
| Dec 31, 2021 | 37.89 Mn |
| Sep 30, 2021 | 38.53 Mn |
| Jun 30, 2021 | 34.11 Mn |