KORE Group Holdings, Inc. (NYSE: KORE)

KORE Group Holdings, Inc. provides IoT connectivity and IoT solutions to enterprise customers worldwide. The company delivers advanced connectivity services location based services device solutions and managed and professional services through its KORE One platform. It partners with leading mobile network operators to offer secure and reliable connectivity for mobile and fixed devices across the globe.

Revenue is generated primarily from two lines of business. The IoT Connectivity line contributed about seventy eight percent of revenue in 2025 and consists of connectivity services sold on a per subscriber per month basis with automatic renewals. The IoT Solutions line contributed about twenty two percent of revenue and includes the sale of third party devices for an upfront fee and outsourced platform enabled services such as logistics configuration and device management on a per device per month basis.

Segment Introduction: The company operates through the following segments: IoT Connectivity and IoT Solutions.

• The IoT Connectivity segment delivers global connectivity services through the KORE One platform which provides provisioning monitoring lifecycle management analytics and APIs for enterprise scale deployments. It leverages deep carrier integrations and roaming agreements to enable multi region multi network deployments. The segment also offers advanced connectivity services such as managed connectivity service assurance and enterprise support. KORE’s eSIM technology stack supports multiple eSIM standards and includes proprietary intellectual property for remote carrier profile updates.

• The IoT Solutions segment sells third party devices for an upfront fee and provides outsourced platform enabled services such as logistics configuration and device management on a per device per month basis. It integrates devices connectivity and lifecycle services into a unified scalable offering delivered through a single commercial relationship. The segment draws on deep industry knowledge in regulated verticals such as connected health supported by FDA facilities registration ISO certifications and HIPAA compliance.

Industry Position: KORE Group Holdings Inc is regarded as one of the largest global independent IoT enablers competing with major mobile network operators and specialized IoT connectivity providers. Its principal competitors include telecom carriers such as T Mobile AT T Vodafone Telefónica and Verizon as well as IoT focused mobile virtual network operators like Aeris Wireless Logic Hologram and other regional providers. KORE differentiates itself through the breadth and depth of its global carrier integrations the KORE One platform advanced connectivity services managed offerings service assurance and its eSIM technology stack. In the IoT Solutions market the company competes by combining device sourcing certification provisioning logistics deployment and lifecycle services with deep vertical expertise particularly in regulated sectors such as connected health.

Customer Base: The company serves enterprises across sectors including healthcare fleet and vehicle management asset management communication services and industrial manufacturing. No single customer accounted for more than ten percent of total revenue in 2024 or 2025.