KORE Group Holdings Reports Q2 2025 Growth, Revenue Up 5% to $71.3M, Net Loss Down 80%

KORE Group Holdings reported Q2 2025 revenue of $71.3 million, an 8% increase in total connections to 20.1 million, and a 46% surge in adjusted EBITDA to $16.7 million. The net loss decreased by 80% to $16.9 million, while free cash flow improved to $1.6 million. The company projects 2025 revenue between $288 million and $298 million, adjusted EBITDA between $62 million and $67 million, and free cash flow between $10 million and $14 million.

KORE Group Holdings Inc. (KORE) reported its second-quarter (Q2) 2025 earnings, showcasing a robust performance with significant revenue growth and improved profitability metrics. The company reported a total revenue of $71.3 million, an 8% increase year-over-year (YoY), driven by strong growth in both IoT Connectivity and IoT Solutions segments [1].

The company achieved a notable increase in total connections, reaching 20.1 million, a 1.5 million increase from the previous year [1]. This growth underscores the company's expanding IoT network and its ability to attract new customers. The IoT Solutions segment saw a substantial 25% YoY increase in revenue, reaching $15.2 million [1].

Adjusted EBITDA surged by 46% to $16.7 million, indicating a significant improvement in operational efficiency and cost management [1]. Despite the net loss of $16.9 million, which was an 80% decrease from the prior year's loss of $83.6 million, the company reported positive free cash flow of $1.6 million for the third consecutive quarter [1].

Looking ahead, KORE Group Holdings provided guidance for the full year 2025, projecting total revenue between $288 million and $298 million, adjusted EBITDA between $62 million and $67 million, and free cash flow between $10 million and $14 million [1].

The company's focus on expanding IoT solutions and AI initiatives appears to be driving its positive trajectory. However, it faces potential challenges from global economic uncertainties, supply chain issues, and market saturation in the IoT sector [2]. CEO Ron Totten emphasized the company's resilience and strategic expertise, positioning KORE for long-term growth despite these challenges.

References:
[1] https://finance.yahoo.com/news/kore-group-holdings-inc-kore-072657645.html
[2] https://www.investing.com/news/transcripts/earnings-call-transcript-kore-group-holdings-q2-2025-shows-revenue-growth-93CH-4194171