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Side-by-side financial comparison of KORE Group Holdings, Inc. (KORE) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.

KORE Group Holdings, Inc. is the larger business by last-quarter revenue ($73.9M vs $62.0M, roughly 1.2× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs -25.0%, a 56.4% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs 0.7%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $9.4M). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% CAGR vs -1.4%).

KORE Wireless is a publicly traded company that provides IoT connectivity, managed services, and related solutions. The company supports applications across sectors including healthcare, logistics, fleet, utilities, and industrial automation, with more than 20 million active connections reported worldwide.

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

KORE vs MPB — Head-to-Head

Bigger by revenue
KORE
KORE
1.2× larger
KORE
$73.9M
$62.0M
MPB
Growing faster (revenue YoY)
MPB
MPB
+30.0% gap
MPB
30.8%
0.7%
KORE
Higher net margin
MPB
MPB
56.4% more per $
MPB
31.4%
-25.0%
KORE
More free cash flow
MPB
MPB
$62.4M more FCF
MPB
$71.8M
$9.4M
KORE
Faster 2-yr revenue CAGR
MPB
MPB
Annualised
MPB
21.1%
-1.4%
KORE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KORE
KORE
MPB
MPB
Revenue
$73.9M
$62.0M
Net Profit
$-18.5M
$19.4M
Gross Margin
Operating Margin
-0.8%
43.6%
Net Margin
-25.0%
31.4%
Revenue YoY
0.7%
30.8%
Net Profit YoY
27.4%
47.0%
EPS (diluted)
$-0.92
$0.83

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
KORE
KORE
MPB
MPB
Q4 25
$73.9M
$62.0M
Q3 25
$68.7M
$61.8M
Q2 25
$71.3M
$54.3M
Q1 25
$72.1M
$47.7M
Q4 24
$73.3M
$47.4M
Q3 24
$68.9M
$45.3M
Q2 24
$67.9M
$44.1M
Q1 24
$76.0M
$42.3M
Net Profit
KORE
KORE
MPB
MPB
Q4 25
$-18.5M
$19.4M
Q3 25
$-12.7M
$18.3M
Q2 25
$-16.9M
$4.8M
Q1 25
$-14.9M
$13.7M
Q4 24
$-25.4M
$13.2M
Q3 24
$-19.4M
$12.3M
Q2 24
$-83.6M
$11.8M
Q1 24
$-17.6M
$12.1M
Operating Margin
KORE
KORE
MPB
MPB
Q4 25
-0.8%
43.6%
Q3 25
-6.1%
39.3%
Q2 25
-7.3%
7.9%
Q1 25
-3.4%
35.2%
Q4 24
-17.8%
34.1%
Q3 24
-8.2%
32.8%
Q2 24
-113.0%
32.4%
Q1 24
-9.7%
34.8%
Net Margin
KORE
KORE
MPB
MPB
Q4 25
-25.0%
31.4%
Q3 25
-18.5%
29.6%
Q2 25
-23.7%
8.8%
Q1 25
-20.7%
28.8%
Q4 24
-34.7%
27.9%
Q3 24
-28.2%
27.1%
Q2 24
-123.2%
26.7%
Q1 24
-23.1%
28.7%
EPS (diluted)
KORE
KORE
MPB
MPB
Q4 25
$-0.92
$0.83
Q3 25
$-0.64
$0.79
Q2 25
$-0.86
$0.22
Q1 25
$-0.77
$0.71
Q4 24
$-1.29
$0.72
Q3 24
$-1.00
$0.74
Q2 24
$-4.37
$0.71
Q1 24
$-0.93
$0.73

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KORE
KORE
MPB
MPB
Cash + ST InvestmentsLiquidity on hand
$26.7M
Total DebtLower is stronger
$301.3M
Stockholders' EquityBook value
$-163.8M
$814.1M
Total Assets
$410.5M
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KORE
KORE
MPB
MPB
Q4 25
$26.7M
Q3 25
$19.3M
Q2 25
$21.0M
Q1 25
$19.7M
Q4 24
$19.4M
Q3 24
$18.6M
Q2 24
$22.3M
Q1 24
$23.0M
Total Debt
KORE
KORE
MPB
MPB
Q4 25
$301.3M
Q3 25
Q2 25
Q1 25
Q4 24
$303.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
KORE
KORE
MPB
MPB
Q4 25
$-163.8M
$814.1M
Q3 25
$-145.7M
$796.3M
Q2 25
$-133.5M
$775.7M
Q1 25
$-114.9M
$667.9M
Q4 24
$-99.6M
$655.0M
Q3 24
$-77.2M
$573.1M
Q2 24
$-57.2M
$559.7M
Q1 24
$22.3M
$551.0M
Total Assets
KORE
KORE
MPB
MPB
Q4 25
$410.5M
$6.1B
Q3 25
$423.4M
$6.3B
Q2 25
$432.9M
$6.4B
Q1 25
$445.1M
$5.5B
Q4 24
$455.8M
$5.5B
Q3 24
$473.9M
$5.5B
Q2 24
$487.7M
$5.4B
Q1 24
$576.6M
$5.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KORE
KORE
MPB
MPB
Operating Cash FlowLast quarter
$10.4M
$80.0M
Free Cash FlowOCF − Capex
$9.4M
$71.8M
FCF MarginFCF / Revenue
12.7%
115.8%
Capex IntensityCapex / Revenue
1.5%
13.3%
Cash ConversionOCF / Net Profit
4.12×
TTM Free Cash FlowTrailing 4 quarters
$15.8M
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KORE
KORE
MPB
MPB
Q4 25
$10.4M
$80.0M
Q3 25
$1.1M
$26.3M
Q2 25
$4.1M
$29.0M
Q1 25
$2.9M
$11.5M
Q4 24
$2.1M
$51.4M
Q3 24
$1.2M
$16.9M
Q2 24
$4.0M
$18.0M
Q1 24
$1.9M
$12.4M
Free Cash Flow
KORE
KORE
MPB
MPB
Q4 25
$9.4M
$71.8M
Q3 25
$879.0K
$24.3M
Q2 25
$2.8M
$27.2M
Q1 25
$2.7M
$8.8M
Q4 24
$2.0M
$44.5M
Q3 24
$973.0K
$16.8M
Q2 24
$3.1M
$17.7M
Q1 24
$1.0M
$12.1M
FCF Margin
KORE
KORE
MPB
MPB
Q4 25
12.7%
115.8%
Q3 25
1.3%
39.4%
Q2 25
4.0%
50.1%
Q1 25
3.8%
18.4%
Q4 24
2.7%
93.8%
Q3 24
1.4%
37.1%
Q2 24
4.6%
40.2%
Q1 24
1.4%
28.5%
Capex Intensity
KORE
KORE
MPB
MPB
Q4 25
1.5%
13.3%
Q3 25
0.3%
3.1%
Q2 25
1.8%
3.2%
Q1 25
0.2%
5.7%
Q4 24
0.1%
14.6%
Q3 24
0.3%
0.0%
Q2 24
1.3%
0.7%
Q1 24
1.2%
0.8%
Cash Conversion
KORE
KORE
MPB
MPB
Q4 25
4.12×
Q3 25
1.44×
Q2 25
6.08×
Q1 25
0.84×
Q4 24
3.88×
Q3 24
1.37×
Q2 24
1.53×
Q1 24
1.02×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

KORE
KORE

Io T Connectivity And Solutions Services$55.9M76%
Hardware Sales$15.4M21%
Deployment Services Professional Services Referral Services And Other$2.5M3%

MPB
MPB

Segment breakdown not available.

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