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Side-by-side financial comparison of KORE Group Holdings, Inc. (KORE) and Origin Bancorp, Inc. (OBK). Click either name above to swap in a different company.

Origin Bancorp, Inc. is the larger business by last-quarter revenue ($104.0M vs $73.9M, roughly 1.4× KORE Group Holdings, Inc.). Origin Bancorp, Inc. runs the higher net margin — 26.6% vs -25.0%, a 51.6% gap on every dollar of revenue. Over the past eight quarters, Origin Bancorp, Inc.'s revenue compounded faster (3.9% 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.

Southern Bancorp is a community development financial institution headquartered in Arkadelphia, Arkansas. It was founded in 1986 as Southern Development Bancorporation, and is often referred to simply as "Southern".

KORE vs OBK — Head-to-Head

Bigger by revenue
OBK
OBK
1.4× larger
OBK
$104.0M
$73.9M
KORE
Higher net margin
OBK
OBK
51.6% more per $
OBK
26.6%
-25.0%
KORE
Faster 2-yr revenue CAGR
OBK
OBK
Annualised
OBK
3.9%
-1.4%
KORE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KORE
KORE
OBK
OBK
Revenue
$73.9M
$104.0M
Net Profit
$-18.5M
$27.7M
Gross Margin
Operating Margin
-0.8%
Net Margin
-25.0%
26.6%
Revenue YoY
0.7%
Net Profit YoY
27.4%
EPS (diluted)
$-0.92
$0.89

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
OBK
OBK
Q1 26
$104.0M
Q4 25
$73.9M
$103.4M
Q3 25
$68.7M
$109.8M
Q2 25
$71.3M
$83.5M
Q1 25
$72.1M
$94.1M
Q4 24
$73.3M
$78.3M
Q3 24
$68.9M
$90.8M
Q2 24
$67.9M
$96.4M
Net Profit
KORE
KORE
OBK
OBK
Q1 26
$27.7M
Q4 25
$-18.5M
$29.5M
Q3 25
$-12.7M
$8.6M
Q2 25
$-16.9M
$14.6M
Q1 25
$-14.9M
$22.4M
Q4 24
$-25.4M
$14.3M
Q3 24
$-19.4M
$18.6M
Q2 24
$-83.6M
$21.0M
Operating Margin
KORE
KORE
OBK
OBK
Q1 26
Q4 25
-0.8%
36.2%
Q3 25
-6.1%
10.0%
Q2 25
-7.3%
22.3%
Q1 25
-3.4%
30.4%
Q4 24
-17.8%
23.0%
Q3 24
-8.2%
26.1%
Q2 24
-113.0%
27.7%
Net Margin
KORE
KORE
OBK
OBK
Q1 26
26.6%
Q4 25
-25.0%
28.5%
Q3 25
-18.5%
7.9%
Q2 25
-23.7%
17.5%
Q1 25
-20.7%
23.8%
Q4 24
-34.7%
18.2%
Q3 24
-28.2%
20.5%
Q2 24
-123.2%
21.8%
EPS (diluted)
KORE
KORE
OBK
OBK
Q1 26
$0.89
Q4 25
$-0.92
$0.95
Q3 25
$-0.64
$0.27
Q2 25
$-0.86
$0.47
Q1 25
$-0.77
$0.71
Q4 24
$-1.29
$0.45
Q3 24
$-1.00
$0.60
Q2 24
$-4.37
$0.67

Balance Sheet & Financial Strength

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

Metric
KORE
KORE
OBK
OBK
Cash + ST InvestmentsLiquidity on hand
$26.7M
Total DebtLower is stronger
$301.3M
Stockholders' EquityBook value
$-163.8M
$1.3B
Total Assets
$410.5M
$10.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KORE
KORE
OBK
OBK
Q1 26
Q4 25
$26.7M
$424.2M
Q3 25
$19.3M
$626.9M
Q2 25
$21.0M
$334.1M
Q1 25
$19.7M
$486.2M
Q4 24
$19.4M
$470.2M
Q3 24
$18.6M
$321.2M
Q2 24
$22.3M
$288.1M
Total Debt
KORE
KORE
OBK
OBK
Q1 26
Q4 25
$301.3M
Q3 25
Q2 25
Q1 25
Q4 24
$303.1M
Q3 24
Q2 24
Stockholders' Equity
KORE
KORE
OBK
OBK
Q1 26
$1.3B
Q4 25
$-163.8M
$1.2B
Q3 25
$-145.7M
$1.2B
Q2 25
$-133.5M
$1.2B
Q1 25
$-114.9M
$1.2B
Q4 24
$-99.6M
$1.1B
Q3 24
$-77.2M
$1.1B
Q2 24
$-57.2M
$1.1B
Total Assets
KORE
KORE
OBK
OBK
Q1 26
$10.2B
Q4 25
$410.5M
$9.7B
Q3 25
$423.4M
$9.8B
Q2 25
$432.9M
$9.7B
Q1 25
$445.1M
$9.8B
Q4 24
$455.8M
$9.7B
Q3 24
$473.9M
$10.0B
Q2 24
$487.7M
$9.9B

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
OBK
OBK
Operating Cash FlowLast quarter
$10.4M
Free Cash FlowOCF − Capex
$9.4M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$15.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KORE
KORE
OBK
OBK
Q1 26
Q4 25
$10.4M
$158.9M
Q3 25
$1.1M
$59.3M
Q2 25
$4.1M
$20.6M
Q1 25
$2.9M
$35.6M
Q4 24
$2.1M
$108.5M
Q3 24
$1.2M
$39.6M
Q2 24
$4.0M
$11.9M
Free Cash Flow
KORE
KORE
OBK
OBK
Q1 26
Q4 25
$9.4M
$151.1M
Q3 25
$879.0K
$56.8M
Q2 25
$2.8M
$19.6M
Q1 25
$2.7M
$34.8M
Q4 24
$2.0M
$86.4M
Q3 24
$973.0K
$32.2M
Q2 24
$3.1M
$6.5M
FCF Margin
KORE
KORE
OBK
OBK
Q1 26
Q4 25
12.7%
146.0%
Q3 25
1.3%
51.7%
Q2 25
4.0%
23.5%
Q1 25
3.8%
37.0%
Q4 24
2.7%
110.3%
Q3 24
1.4%
35.5%
Q2 24
4.6%
6.8%
Capex Intensity
KORE
KORE
OBK
OBK
Q1 26
Q4 25
1.5%
7.6%
Q3 25
0.3%
2.3%
Q2 25
1.8%
1.2%
Q1 25
0.2%
0.8%
Q4 24
0.1%
28.1%
Q3 24
0.3%
8.1%
Q2 24
1.3%
5.6%
Cash Conversion
KORE
KORE
OBK
OBK
Q1 26
Q4 25
5.38×
Q3 25
6.88×
Q2 25
1.41×
Q1 25
1.59×
Q4 24
7.60×
Q3 24
2.13×
Q2 24
0.57×

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%

OBK
OBK

Net Interest Income$87.2M84%
Noninterest Income$16.8M16%

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