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

Opera Ltd is the larger business by last-quarter revenue ($142.7M vs $73.9M, roughly 1.9× KORE Group Holdings, Inc.). Opera Ltd runs the higher net margin — 12.8% vs -25.0%, a 37.8% gap on every dollar of revenue.

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.

Opera is a multinational technology corporation headquartered in Oslo, Norway, with additional offices in Europe, China, and Africa. Opera offers a range of products and services that include PC and mobile web browsers, GameMaker and gaming portals, the Opera News content recommendation products, the Opera Ads platform, and a number of Web3 and e-commerce products and services. The company's total user base is 296 million monthly active users.

KORE vs OPRA — Head-to-Head

Bigger by revenue
OPRA
OPRA
1.9× larger
OPRA
$142.7M
$73.9M
KORE
Higher net margin
OPRA
OPRA
37.8% more per $
OPRA
12.8%
-25.0%
KORE

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
KORE
KORE
OPRA
OPRA
Revenue
$73.9M
$142.7M
Net Profit
$-18.5M
$18.3M
Gross Margin
Operating Margin
-0.8%
14.8%
Net Margin
-25.0%
12.8%
Revenue YoY
0.7%
Net Profit YoY
27.4%
EPS (diluted)
$-0.92

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
OPRA
OPRA
Q4 25
$73.9M
Q3 25
$68.7M
Q2 25
$71.3M
Q1 25
$72.1M
$142.7M
Q4 24
$73.3M
Q3 24
$68.9M
Q2 24
$67.9M
$211.6M
Q1 24
$76.0M
Net Profit
KORE
KORE
OPRA
OPRA
Q4 25
$-18.5M
Q3 25
$-12.7M
Q2 25
$-16.9M
Q1 25
$-14.9M
$18.3M
Q4 24
$-25.4M
Q3 24
$-19.4M
Q2 24
$-83.6M
$34.1M
Q1 24
$-17.6M
Operating Margin
KORE
KORE
OPRA
OPRA
Q4 25
-0.8%
Q3 25
-6.1%
Q2 25
-7.3%
Q1 25
-3.4%
14.8%
Q4 24
-17.8%
Q3 24
-8.2%
Q2 24
-113.0%
19.6%
Q1 24
-9.7%
Net Margin
KORE
KORE
OPRA
OPRA
Q4 25
-25.0%
Q3 25
-18.5%
Q2 25
-23.7%
Q1 25
-20.7%
12.8%
Q4 24
-34.7%
Q3 24
-28.2%
Q2 24
-123.2%
16.1%
Q1 24
-23.1%
EPS (diluted)
KORE
KORE
OPRA
OPRA
Q4 25
$-0.92
Q3 25
$-0.64
Q2 25
$-0.86
Q1 25
$-0.77
Q4 24
$-1.29
Q3 24
$-1.00
Q2 24
$-4.37
Q1 24
$-0.93

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KORE
KORE
OPRA
OPRA
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
OPRA
OPRA
Q4 25
$301.3M
Q3 25
Q2 25
Q1 25
Q4 24
$303.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
KORE
KORE
OPRA
OPRA
Q4 25
$-163.8M
Q3 25
$-145.7M
Q2 25
$-133.5M
Q1 25
$-114.9M
Q4 24
$-99.6M
Q3 24
$-77.2M
Q2 24
$-57.2M
Q1 24
$22.3M
Total Assets
KORE
KORE
OPRA
OPRA
Q4 25
$410.5M
Q3 25
$423.4M
Q2 25
$432.9M
Q1 25
$445.1M
Q4 24
$455.8M
Q3 24
$473.9M
Q2 24
$487.7M
Q1 24
$576.6M

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
OPRA
OPRA
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
OPRA
OPRA
Q4 25
$10.4M
Q3 25
$1.1M
Q2 25
$4.1M
Q1 25
$2.9M
Q4 24
$2.1M
Q3 24
$1.2M
Q2 24
$4.0M
Q1 24
$1.9M
Free Cash Flow
KORE
KORE
OPRA
OPRA
Q4 25
$9.4M
Q3 25
$879.0K
Q2 25
$2.8M
Q1 25
$2.7M
Q4 24
$2.0M
Q3 24
$973.0K
Q2 24
$3.1M
Q1 24
$1.0M
FCF Margin
KORE
KORE
OPRA
OPRA
Q4 25
12.7%
Q3 25
1.3%
Q2 25
4.0%
Q1 25
3.8%
Q4 24
2.7%
Q3 24
1.4%
Q2 24
4.6%
Q1 24
1.4%
Capex Intensity
KORE
KORE
OPRA
OPRA
Q4 25
1.5%
Q3 25
0.3%
Q2 25
1.8%
Q1 25
0.2%
Q4 24
0.1%
Q3 24
0.3%
Q2 24
1.3%
Q1 24
1.2%

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%

OPRA
OPRA

Segment breakdown not available.

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