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TickerKORE
SectorTelecommunications Services
Mkt cap$161M
EV / EBITDA12.7×
PostureHigh Velocity
Composite70/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1855457

KORE Group Holdings, Inc.

KOREHIGH VELOCITYFILING INTENSITY

KORE Group Holdings, Inc. reads as High Velocity (composite 70/100); pressure / disclosure signals dominate the posture this cycle · primary market Connectivity.

Lens

Disclosed M&A capital (2023–2025)

$46M

new

vs N/A in 2020–2022

Disclosed transactions

N/A

flat

1/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

70

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$286M
EBITDA$46M
Enterprise value$577M
EV / Revenue2.0×
EV / EBITDA12.7×
P/EN/A
Cash$27M
Total debt$301M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

9/100

Companies actively deploying disclosed capital into M&A

  • $46M disclosed buyer spend

Buyer Cadence

12/100

Buyer-side companies with recent filing activity

  • Filed within 41d
  • 68 8-Ks

Target Probability

44/100

Issuers showing target-side patterns from filings

  • Control-process language
  • 3 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 3 activism filings

Pressure Watch

40/100

Issuers facing activism, governance, or control pressure

  • 3 activism filings
  • Latest activism 2.5y ago; discounted
  • Control-process filings

Distress Watch

40/100

Issuers showing financial-distress filing patterns

  • 10-Q 209d stale
  • 3 activism filings

Restatement Risk

49/100

Issuers with accounting-integrity flags from filings

  • 1 non-reliance 8-K
  • 1 auditor change
  • 5 NT late filings
  • Latest event 1.2y ago

Capital Velocity

Dominant
70/100

Issuers with the highest filing-activity intensity

  • 68 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $577M
  • 10-Q 209d ago
  • 4 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $46M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
2024N/AN/AN/AN/A
2023N/A$46MN/AN/A
2022N/AN/AN/AN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Bolt On
    100%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • bolt_on
  • geographic_expansion
  • technology_acquisition
  • platform
  • tuck_in
  • talent_acquisition
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

If we are unable to successfully integrate the businesses we have acquired, or any future business acquisitions, our results of operations could be materially and adversely affected

10-KFY2024

our ability to identify suitable acquisition candidates or to successfully integrate and realize the benefits of our past or future strategic acquisitions or investments

10-KFY2024

acquired ... mobility service providers to expand the company's services and solutions within the healthcare and life sciences industries.

10-KFY2022

Drive growth through strategic, accretive acquisitions, which add key capabilities.

10-KFY2022
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Connectivity

Market spend (2023–2025)
$58.6B
Market spend (2020–2022)
$121.1B
Recent vs prior
−52%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

12.7×EV / EBITDA

KORE trades at a +4.8-turn premium to the Connectivity peer median of 7.9×.

EV / Revenue
2.0×
Net debt / EBITDA
6.0×
Peer median EV / EBITDA
7.9×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
23.8×6.8×0.9×$59.1B$26.6B
20.2×6.1×-0.1×$11.9B$4.9B
KORE Group Holdings, Inc.KORE
12.7×2.0×6.0×$286M$46M
7.9×2.8×0.4×$139.1B$60M
6.1×2.6×-0.1×$126.5B$3.7B
6.1×2.5×N/A$59.8B$5.1B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Connectivity. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)72026-04-29
  • 10-Q (quarterly)152025-11-12
  • 8-K (event)682026-03-31
  • Proxy / DEF 14A202026-04-14
  • Activism (13D / DFAN / PREC)32023-12-15

Signals on file

  • critical

    Non-reliance disclosure

    2024-11-12

    1 Item 4.02 filing on file; financial-statement non-reliance.

  • elevated

    Auditor change

    2021-10-19

    1 Item 4.01 filing on file; certifying accountant change.

  • watch

    Late-filing notice

    2025-04-01

    5 NT 10-K/10-Q filings on file.

  • elevated

    Activism on file

    2023-12-15

    3 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Recent transaction activity

  • info

    Signal

    Control-process filings

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.