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Side-by-side financial comparison of KORE Group Holdings, Inc. (KORE) and TFS Financial CORP (TFSL). Click either name above to swap in a different company.

TFS Financial CORP is the larger business by last-quarter revenue ($83.7M vs $73.9M, roughly 1.1× KORE Group Holdings, Inc.). TFS Financial CORP runs the higher net margin — 26.6% vs -25.0%, a 51.6% gap on every dollar of revenue. On growth, TFS Financial CORP posted the faster year-over-year revenue change (11.9% vs 0.7%). TFS Financial CORP produced more free cash flow last quarter ($57.1M vs $9.4M). Over the past eight quarters, TFS Financial CORP's revenue compounded faster (4.2% 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.

TFS Financial Corporation is a US-based financial holding company primarily operating through its retail banking subsidiary. It offers residential mortgage loans, savings accounts, and other consumer financial products, with its core customer base concentrated in Ohio and Florida, mainly serving individual and family clients.

KORE vs TFSL — Head-to-Head

Bigger by revenue
TFSL
TFSL
1.1× larger
TFSL
$83.7M
$73.9M
KORE
Growing faster (revenue YoY)
TFSL
TFSL
+11.2% gap
TFSL
11.9%
0.7%
KORE
Higher net margin
TFSL
TFSL
51.6% more per $
TFSL
26.6%
-25.0%
KORE
More free cash flow
TFSL
TFSL
$47.7M more FCF
TFSL
$57.1M
$9.4M
KORE
Faster 2-yr revenue CAGR
TFSL
TFSL
Annualised
TFSL
4.2%
-1.4%
KORE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KORE
KORE
TFSL
TFSL
Revenue
$73.9M
$83.7M
Net Profit
$-18.5M
$22.3M
Gross Margin
Operating Margin
-0.8%
34.0%
Net Margin
-25.0%
26.6%
Revenue YoY
0.7%
11.9%
Net Profit YoY
27.4%
-0.7%
EPS (diluted)
$-0.92
$0.08

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
TFSL
TFSL
Q4 25
$73.9M
$83.7M
Q3 25
$68.7M
$85.5M
Q2 25
$71.3M
$82.0M
Q1 25
$72.1M
$79.1M
Q4 24
$73.3M
$74.8M
Q3 24
$68.9M
$75.1M
Q2 24
$67.9M
$75.5M
Q1 24
$76.0M
$77.1M
Net Profit
KORE
KORE
TFSL
TFSL
Q4 25
$-18.5M
$22.3M
Q3 25
$-12.7M
$26.0M
Q2 25
$-16.9M
$21.5M
Q1 25
$-14.9M
$21.0M
Q4 24
$-25.4M
$22.4M
Q3 24
$-19.4M
$18.2M
Q2 24
$-83.6M
$20.0M
Q1 24
$-17.6M
$20.7M
Operating Margin
KORE
KORE
TFSL
TFSL
Q4 25
-0.8%
34.0%
Q3 25
-6.1%
37.9%
Q2 25
-7.3%
33.3%
Q1 25
-3.4%
33.5%
Q4 24
-17.8%
37.9%
Q3 24
-8.2%
30.7%
Q2 24
-113.0%
33.4%
Q1 24
-9.7%
33.6%
Net Margin
KORE
KORE
TFSL
TFSL
Q4 25
-25.0%
26.6%
Q3 25
-18.5%
30.4%
Q2 25
-23.7%
26.2%
Q1 25
-20.7%
26.6%
Q4 24
-34.7%
30.0%
Q3 24
-28.2%
24.2%
Q2 24
-123.2%
26.4%
Q1 24
-23.1%
26.9%
EPS (diluted)
KORE
KORE
TFSL
TFSL
Q4 25
$-0.92
$0.08
Q3 25
$-0.64
$0.09
Q2 25
$-0.86
$0.08
Q1 25
$-0.77
$0.07
Q4 24
$-1.29
$0.08
Q3 24
$-1.00
$0.07
Q2 24
$-4.37
$0.07
Q1 24
$-0.93
$0.07

Balance Sheet & Financial Strength

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

Metric
KORE
KORE
TFSL
TFSL
Cash + ST InvestmentsLiquidity on hand
$26.7M
$456.7M
Total DebtLower is stronger
$301.3M
Stockholders' EquityBook value
$-163.8M
$1.9B
Total Assets
$410.5M
$17.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KORE
KORE
TFSL
TFSL
Q4 25
$26.7M
$456.7M
Q3 25
$19.3M
$429.4M
Q2 25
$21.0M
$452.6M
Q1 25
$19.7M
$463.6M
Q4 24
$19.4M
$465.9M
Q3 24
$18.6M
$463.7M
Q2 24
$22.3M
$560.4M
Q1 24
$23.0M
$594.3M
Total Debt
KORE
KORE
TFSL
TFSL
Q4 25
$301.3M
Q3 25
Q2 25
Q1 25
Q4 24
$303.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
KORE
KORE
TFSL
TFSL
Q4 25
$-163.8M
$1.9B
Q3 25
$-145.7M
$1.9B
Q2 25
$-133.5M
$1.9B
Q1 25
$-114.9M
$1.9B
Q4 24
$-99.6M
$1.9B
Q3 24
$-77.2M
$1.9B
Q2 24
$-57.2M
$1.9B
Q1 24
$22.3M
$1.9B
Total Assets
KORE
KORE
TFSL
TFSL
Q4 25
$410.5M
$17.5B
Q3 25
$423.4M
$17.5B
Q2 25
$432.9M
$17.4B
Q1 25
$445.1M
$17.1B
Q4 24
$455.8M
$17.1B
Q3 24
$473.9M
$17.1B
Q2 24
$487.7M
$17.0B
Q1 24
$576.6M
$17.0B

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
TFSL
TFSL
Operating Cash FlowLast quarter
$10.4M
$58.7M
Free Cash FlowOCF − Capex
$9.4M
$57.1M
FCF MarginFCF / Revenue
12.7%
68.2%
Capex IntensityCapex / Revenue
1.5%
2.0%
Cash ConversionOCF / Net Profit
2.64×
TTM Free Cash FlowTrailing 4 quarters
$15.8M
$167.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KORE
KORE
TFSL
TFSL
Q4 25
$10.4M
$58.7M
Q3 25
$1.1M
$82.4M
Q2 25
$4.1M
$26.8M
Q1 25
$2.9M
$21.2M
Q4 24
$2.1M
$45.5M
Q3 24
$1.2M
$88.6M
Q2 24
$4.0M
$96.7M
Q1 24
$1.9M
$14.2M
Free Cash Flow
KORE
KORE
TFSL
TFSL
Q4 25
$9.4M
$57.1M
Q3 25
$879.0K
$71.0M
Q2 25
$2.8M
$25.0M
Q1 25
$2.7M
$14.3M
Q4 24
$2.0M
$44.9M
Q3 24
$973.0K
$85.5M
Q2 24
$3.1M
$95.9M
Q1 24
$1.0M
$13.4M
FCF Margin
KORE
KORE
TFSL
TFSL
Q4 25
12.7%
68.2%
Q3 25
1.3%
83.0%
Q2 25
4.0%
30.5%
Q1 25
3.8%
18.0%
Q4 24
2.7%
60.0%
Q3 24
1.4%
113.8%
Q2 24
4.6%
127.0%
Q1 24
1.4%
17.4%
Capex Intensity
KORE
KORE
TFSL
TFSL
Q4 25
1.5%
2.0%
Q3 25
0.3%
13.4%
Q2 25
1.8%
2.1%
Q1 25
0.2%
8.8%
Q4 24
0.1%
0.9%
Q3 24
0.3%
4.1%
Q2 24
1.3%
1.1%
Q1 24
1.2%
1.1%
Cash Conversion
KORE
KORE
TFSL
TFSL
Q4 25
2.64×
Q3 25
3.17×
Q2 25
1.24×
Q1 25
1.01×
Q4 24
2.03×
Q3 24
4.86×
Q2 24
4.85×
Q1 24
0.69×

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%

TFSL
TFSL

Segment breakdown not available.

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