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Side-by-side financial comparison of KORE Group Holdings, Inc. (KORE) and Strawberry Fields REIT, Inc. (STRW). 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 $40.1M, roughly 1.8× Strawberry Fields REIT, Inc.). Strawberry Fields REIT, Inc. runs the higher net margin — 5.0% vs -25.0%, a 30.1% gap on every dollar of revenue. On growth, Strawberry Fields REIT, Inc. posted the faster year-over-year revenue change (31.5% vs 0.7%). Over the past eight quarters, Strawberry Fields REIT, Inc.'s revenue compounded faster (20.0% 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.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

KORE vs STRW — Head-to-Head

Bigger by revenue
KORE
KORE
1.8× larger
KORE
$73.9M
$40.1M
STRW
Growing faster (revenue YoY)
STRW
STRW
+30.8% gap
STRW
31.5%
0.7%
KORE
Higher net margin
STRW
STRW
30.1% more per $
STRW
5.0%
-25.0%
KORE
Faster 2-yr revenue CAGR
STRW
STRW
Annualised
STRW
20.0%
-1.4%
KORE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KORE
KORE
STRW
STRW
Revenue
$73.9M
$40.1M
Net Profit
$-18.5M
$2.0M
Gross Margin
Operating Margin
-0.8%
52.4%
Net Margin
-25.0%
5.0%
Revenue YoY
0.7%
31.5%
Net Profit YoY
27.4%
37.6%
EPS (diluted)
$-0.92
$0.15

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
STRW
STRW
Q4 25
$73.9M
$40.1M
Q3 25
$68.7M
$39.7M
Q2 25
$71.3M
$37.9M
Q1 25
$72.1M
$37.3M
Q4 24
$73.3M
$30.5M
Q3 24
$68.9M
$29.5M
Q2 24
$67.9M
$29.3M
Q1 24
$76.0M
$27.8M
Net Profit
KORE
KORE
STRW
STRW
Q4 25
$-18.5M
$2.0M
Q3 25
$-12.7M
$2.0M
Q2 25
$-16.9M
$2.0M
Q1 25
$-14.9M
$1.6M
Q4 24
$-25.4M
$1.5M
Q3 24
$-19.4M
$944.0K
Q2 24
$-83.6M
$938.0K
Q1 24
$-17.6M
$746.0K
Operating Margin
KORE
KORE
STRW
STRW
Q4 25
-0.8%
52.4%
Q3 25
-6.1%
56.6%
Q2 25
-7.3%
54.5%
Q1 25
-3.4%
54.1%
Q4 24
-17.8%
51.5%
Q3 24
-8.2%
54.4%
Q2 24
-113.0%
52.3%
Q1 24
-9.7%
51.3%
Net Margin
KORE
KORE
STRW
STRW
Q4 25
-25.0%
5.0%
Q3 25
-18.5%
5.1%
Q2 25
-23.7%
5.2%
Q1 25
-20.7%
4.2%
Q4 24
-34.7%
4.8%
Q3 24
-28.2%
3.2%
Q2 24
-123.2%
3.2%
Q1 24
-23.1%
2.7%
EPS (diluted)
KORE
KORE
STRW
STRW
Q4 25
$-0.92
$0.15
Q3 25
$-0.64
$0.16
Q2 25
$-0.86
$0.16
Q1 25
$-0.77
$0.13
Q4 24
$-1.29
$0.17
Q3 24
$-1.00
$0.14
Q2 24
$-4.37
$0.14
Q1 24
$-0.93
$0.12

Balance Sheet & Financial Strength

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

Metric
KORE
KORE
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$26.7M
$31.8M
Total DebtLower is stronger
$301.3M
$794.7M
Stockholders' EquityBook value
$-163.8M
$12.1M
Total Assets
$410.5M
$885.2M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KORE
KORE
STRW
STRW
Q4 25
$26.7M
$31.8M
Q3 25
$19.3M
$19.8M
Q2 25
$21.0M
$96.3M
Q1 25
$19.7M
$42.3M
Q4 24
$19.4M
$48.4M
Q3 24
$18.6M
$29.3M
Q2 24
$22.3M
$16.1M
Q1 24
$23.0M
$15.1M
Total Debt
KORE
KORE
STRW
STRW
Q4 25
$301.3M
$794.7M
Q3 25
$779.4M
Q2 25
$794.1M
Q1 25
$715.5M
Q4 24
$303.1M
$673.9M
Q3 24
$584.5M
Q2 24
$555.0M
Q1 24
$560.4M
Stockholders' Equity
KORE
KORE
STRW
STRW
Q4 25
$-163.8M
$12.1M
Q3 25
$-145.7M
$14.2M
Q2 25
$-133.5M
$15.5M
Q1 25
$-114.9M
$19.6M
Q4 24
$-99.6M
$18.2M
Q3 24
$-77.2M
$12.6M
Q2 24
$-57.2M
$7.4M
Q1 24
$22.3M
$7.5M
Total Assets
KORE
KORE
STRW
STRW
Q4 25
$410.5M
$885.2M
Q3 25
$423.4M
$880.6M
Q2 25
$432.9M
$897.3M
Q1 25
$445.1M
$834.8M
Q4 24
$455.8M
$787.6M
Q3 24
$473.9M
$661.5M
Q2 24
$487.7M
$635.9M
Q1 24
$576.6M
$634.9M
Debt / Equity
KORE
KORE
STRW
STRW
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

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
STRW
STRW
Operating Cash FlowLast quarter
$10.4M
$90.0M
Free Cash FlowOCF − Capex
$9.4M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
44.62×
TTM Free Cash FlowTrailing 4 quarters
$15.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KORE
KORE
STRW
STRW
Q4 25
$10.4M
$90.0M
Q3 25
$1.1M
$20.7M
Q2 25
$4.1M
$29.8M
Q1 25
$2.9M
$19.0M
Q4 24
$2.1M
$59.3M
Q3 24
$1.2M
$11.8M
Q2 24
$4.0M
$20.6M
Q1 24
$1.9M
$2.1M
Free Cash Flow
KORE
KORE
STRW
STRW
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
STRW
STRW
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
STRW
STRW
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
STRW
STRW
Q4 25
44.62×
Q3 25
10.26×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
21.93×
Q1 24
2.85×

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%

STRW
STRW

Segment breakdown not available.

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