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Side-by-side financial comparison of KORE Group Holdings, Inc. (KORE) and Prairie Operating Co. (PROP). Click either name above to swap in a different company.

Prairie Operating Co. is the larger business by last-quarter revenue ($77.7M vs $73.9M, roughly 1.1× KORE Group Holdings, Inc.). Prairie Operating Co. runs the higher net margin — 1.7% vs -25.0%, a 26.7% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% 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.

Prairie Farms Dairy is a dairy cooperative founded in Carlinville, Illinois, and now headquartered in Edwardsville, Illinois. As a dairy cooperative, Prairie Farms receives milk from producers and converts it into many different products, including cheese, butter, ice cream, sour cream, cottage cheese, various dips, yogurt, and fluid milk. Prairie Farms also produces and sells juices, flavored drinks, and pre-made iced tea.

KORE vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
1.1× larger
PROP
$77.7M
$73.9M
KORE
Higher net margin
PROP
PROP
26.7% more per $
PROP
1.7%
-25.0%
KORE
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
-1.4%
KORE

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
KORE
KORE
PROP
PROP
Revenue
$73.9M
$77.7M
Net Profit
$-18.5M
$1.3M
Gross Margin
Operating Margin
-0.8%
34.8%
Net Margin
-25.0%
1.7%
Revenue YoY
0.7%
Net Profit YoY
27.4%
111.3%
EPS (diluted)
$-0.92
$-0.44

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
PROP
PROP
Q4 25
$73.9M
Q3 25
$68.7M
$77.7M
Q2 25
$71.3M
$68.1M
Q1 25
$72.1M
$13.6M
Q4 24
$73.3M
Q3 24
$68.9M
$0
Q2 24
$67.9M
Q1 24
$76.0M
Net Profit
KORE
KORE
PROP
PROP
Q4 25
$-18.5M
Q3 25
$-12.7M
$1.3M
Q2 25
$-16.9M
$35.7M
Q1 25
$-14.9M
$-2.6M
Q4 24
$-25.4M
Q3 24
$-19.4M
$-11.4M
Q2 24
$-83.6M
Q1 24
$-17.6M
Operating Margin
KORE
KORE
PROP
PROP
Q4 25
-0.8%
Q3 25
-6.1%
34.8%
Q2 25
-7.3%
27.8%
Q1 25
-3.4%
12.9%
Q4 24
-17.8%
Q3 24
-8.2%
Q2 24
-113.0%
Q1 24
-9.7%
Net Margin
KORE
KORE
PROP
PROP
Q4 25
-25.0%
Q3 25
-18.5%
1.7%
Q2 25
-23.7%
52.4%
Q1 25
-20.7%
-19.3%
Q4 24
-34.7%
Q3 24
-28.2%
Q2 24
-123.2%
Q1 24
-23.1%
EPS (diluted)
KORE
KORE
PROP
PROP
Q4 25
$-0.92
Q3 25
$-0.64
$-0.44
Q2 25
$-0.86
$0.18
Q1 25
$-0.77
$-3.49
Q4 24
$-1.29
Q3 24
$-1.00
$-0.68
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
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$26.7M
$10.6M
Total DebtLower is stronger
$301.3M
Stockholders' EquityBook value
$-163.8M
$101.8M
Total Assets
$410.5M
$939.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KORE
KORE
PROP
PROP
Q4 25
$26.7M
Q3 25
$19.3M
$10.6M
Q2 25
$21.0M
$10.7M
Q1 25
$19.7M
$15.0M
Q4 24
$19.4M
Q3 24
$18.6M
$40.1M
Q2 24
$22.3M
Q1 24
$23.0M
Total Debt
KORE
KORE
PROP
PROP
Q4 25
$301.3M
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q4 24
$303.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
KORE
KORE
PROP
PROP
Q4 25
$-163.8M
Q3 25
$-145.7M
$101.8M
Q2 25
$-133.5M
$94.2M
Q1 25
$-114.9M
$34.0M
Q4 24
$-99.6M
Q3 24
$-77.2M
$61.3M
Q2 24
$-57.2M
Q1 24
$22.3M
Total Assets
KORE
KORE
PROP
PROP
Q4 25
$410.5M
Q3 25
$423.4M
$939.8M
Q2 25
$432.9M
$858.5M
Q1 25
$445.1M
$775.4M
Q4 24
$455.8M
Q3 24
$473.9M
$107.2M
Q2 24
$487.7M
Q1 24
$576.6M
Debt / Equity
KORE
KORE
PROP
PROP
Q4 25
Q3 25
Q2 25
4.11×
Q1 25
11.07×
Q4 24
Q3 24
Q2 24
Q1 24

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
PROP
PROP
Operating Cash FlowLast quarter
$10.4M
$57.7M
Free Cash FlowOCF − Capex
$9.4M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
44.80×
TTM Free Cash FlowTrailing 4 quarters
$15.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KORE
KORE
PROP
PROP
Q4 25
$10.4M
Q3 25
$1.1M
$57.7M
Q2 25
$4.1M
$-7.2M
Q1 25
$2.9M
$16.9M
Q4 24
$2.1M
Q3 24
$1.2M
$2.8M
Q2 24
$4.0M
Q1 24
$1.9M
Free Cash Flow
KORE
KORE
PROP
PROP
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
PROP
PROP
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
PROP
PROP
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%
Cash Conversion
KORE
KORE
PROP
PROP
Q4 25
Q3 25
44.80×
Q2 25
-0.20×
Q1 25
Q4 24
Q3 24
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%

PROP
PROP

Crude Oil Sales$64.9M84%
Natural Gas Sales$7.6M10%
Natural Gas Liquids Reserves$5.2M7%

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