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Side-by-side financial comparison of KORE Group Holdings, Inc. (KORE) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.

PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $73.9M, roughly 1.0× KORE Group Holdings, Inc.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs 0.7%). PUMA BIOTECHNOLOGY, INC. produced more free cash flow last quarter ($14.4M vs $9.4M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% 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.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

KORE vs PBYI — Head-to-Head

Bigger by revenue
PBYI
PBYI
1.0× larger
PBYI
$75.5M
$73.9M
KORE
Growing faster (revenue YoY)
PBYI
PBYI
+27.0% gap
PBYI
27.7%
0.7%
KORE
More free cash flow
PBYI
PBYI
$5.0M more FCF
PBYI
$14.4M
$9.4M
KORE
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
-1.4%
KORE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KORE
KORE
PBYI
PBYI
Revenue
$73.9M
$75.5M
Net Profit
$-18.5M
Gross Margin
69.3%
Operating Margin
-0.8%
22.7%
Net Margin
-25.0%
Revenue YoY
0.7%
27.7%
Net Profit YoY
27.4%
EPS (diluted)
$-0.92
$0.26

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
PBYI
PBYI
Q4 25
$73.9M
$75.5M
Q3 25
$68.7M
$54.5M
Q2 25
$71.3M
$52.4M
Q1 25
$72.1M
$46.0M
Q4 24
$73.3M
$59.1M
Q3 24
$68.9M
$80.5M
Q2 24
$67.9M
$47.1M
Q1 24
$76.0M
$43.8M
Net Profit
KORE
KORE
PBYI
PBYI
Q4 25
$-18.5M
Q3 25
$-12.7M
$8.8M
Q2 25
$-16.9M
$5.9M
Q1 25
$-14.9M
$3.0M
Q4 24
$-25.4M
Q3 24
$-19.4M
$20.3M
Q2 24
$-83.6M
$-4.5M
Q1 24
$-17.6M
$-4.8M
Gross Margin
KORE
KORE
PBYI
PBYI
Q4 25
69.3%
Q3 25
77.7%
Q2 25
76.5%
Q1 25
77.1%
Q4 24
76.4%
Q3 24
63.9%
Q2 24
77.4%
Q1 24
75.5%
Operating Margin
KORE
KORE
PBYI
PBYI
Q4 25
-0.8%
22.7%
Q3 25
-6.1%
17.6%
Q2 25
-7.3%
12.7%
Q1 25
-3.4%
8.7%
Q4 24
-17.8%
22.6%
Q3 24
-8.2%
27.4%
Q2 24
-113.0%
-4.6%
Q1 24
-9.7%
-5.3%
Net Margin
KORE
KORE
PBYI
PBYI
Q4 25
-25.0%
Q3 25
-18.5%
16.2%
Q2 25
-23.7%
11.2%
Q1 25
-20.7%
6.5%
Q4 24
-34.7%
Q3 24
-28.2%
25.2%
Q2 24
-123.2%
-9.6%
Q1 24
-23.1%
-11.0%
EPS (diluted)
KORE
KORE
PBYI
PBYI
Q4 25
$-0.92
$0.26
Q3 25
$-0.64
$0.17
Q2 25
$-0.86
$0.12
Q1 25
$-0.77
$0.06
Q4 24
$-1.29
$0.40
Q3 24
$-1.00
$0.41
Q2 24
$-4.37
$-0.09
Q1 24
$-0.93
$-0.10

Balance Sheet & Financial Strength

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

Metric
KORE
KORE
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$26.7M
$97.5M
Total DebtLower is stronger
$301.3M
$22.7M
Stockholders' EquityBook value
$-163.8M
$130.3M
Total Assets
$410.5M
$216.3M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KORE
KORE
PBYI
PBYI
Q4 25
$26.7M
$97.5M
Q3 25
$19.3M
$94.4M
Q2 25
$21.0M
$96.0M
Q1 25
$19.7M
$93.2M
Q4 24
$19.4M
$101.0M
Q3 24
$18.6M
$96.7M
Q2 24
$22.3M
$96.8M
Q1 24
$23.0M
$107.2M
Total Debt
KORE
KORE
PBYI
PBYI
Q4 25
$301.3M
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$303.1M
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
KORE
KORE
PBYI
PBYI
Q4 25
$-163.8M
$130.3M
Q3 25
$-145.7M
$115.3M
Q2 25
$-133.5M
$104.7M
Q1 25
$-114.9M
$97.1M
Q4 24
$-99.6M
$92.1M
Q3 24
$-77.2M
$71.1M
Q2 24
$-57.2M
$48.5M
Q1 24
$22.3M
$51.0M
Total Assets
KORE
KORE
PBYI
PBYI
Q4 25
$410.5M
$216.3M
Q3 25
$423.4M
$202.9M
Q2 25
$432.9M
$194.9M
Q1 25
$445.1M
$196.2M
Q4 24
$455.8M
$213.3M
Q3 24
$473.9M
$220.7M
Q2 24
$487.7M
$205.0M
Q1 24
$576.6M
$214.1M
Debt / Equity
KORE
KORE
PBYI
PBYI
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×
Q1 24
2.00×

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
PBYI
PBYI
Operating Cash FlowLast quarter
$10.4M
$14.4M
Free Cash FlowOCF − Capex
$9.4M
$14.4M
FCF MarginFCF / Revenue
12.7%
19.1%
Capex IntensityCapex / Revenue
1.5%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$15.8M
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KORE
KORE
PBYI
PBYI
Q4 25
$10.4M
$14.4M
Q3 25
$1.1M
$9.7M
Q2 25
$4.1M
$14.1M
Q1 25
$2.9M
$3.6M
Q4 24
$2.1M
$15.6M
Q3 24
$1.2M
$11.0M
Q2 24
$4.0M
$1.0M
Q1 24
$1.9M
$11.2M
Free Cash Flow
KORE
KORE
PBYI
PBYI
Q4 25
$9.4M
$14.4M
Q3 25
$879.0K
$9.7M
Q2 25
$2.8M
$14.1M
Q1 25
$2.7M
$3.6M
Q4 24
$2.0M
$15.6M
Q3 24
$973.0K
$11.0M
Q2 24
$3.1M
$1.0M
Q1 24
$1.0M
FCF Margin
KORE
KORE
PBYI
PBYI
Q4 25
12.7%
19.1%
Q3 25
1.3%
17.7%
Q2 25
4.0%
26.8%
Q1 25
3.8%
7.7%
Q4 24
2.7%
26.4%
Q3 24
1.4%
13.7%
Q2 24
4.6%
2.1%
Q1 24
1.4%
Capex Intensity
KORE
KORE
PBYI
PBYI
Q4 25
1.5%
0.0%
Q3 25
0.3%
0.0%
Q2 25
1.8%
0.0%
Q1 25
0.2%
0.1%
Q4 24
0.1%
0.0%
Q3 24
0.3%
0.0%
Q2 24
1.3%
0.0%
Q1 24
1.2%
0.0%
Cash Conversion
KORE
KORE
PBYI
PBYI
Q4 25
Q3 25
1.10×
Q2 25
2.41×
Q1 25
1.21×
Q4 24
Q3 24
0.54×
Q2 24
Q1 24

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%

PBYI
PBYI

Segment breakdown not available.

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