Connectm Technology Solutions Inc Financials
Connectm Technology Solutions Inc (CNTM) reported $35.8M in revenue for fiscal year 2025, up 58.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
ConnectM’s growth engine is visible, but it still runs on external financing rather than internally generated cash.
Net loss narrowed to-$16.2M in FY2025 from-$22.6M in FY2024, which makes the income statement look better. But operating cash flow moved the other way, so the accounting improvement did not reduce the business’s funding needs. Because financing inflow nearly matched FY2025 cash use, operations were still being financed externally rather than by cash generated from customers.
Gross margin reached
The FY2025 current ratio was just 0.2x, and current liabilities accounted for nearly all liabilities, so the pressure sits mainly in the near term. Even with
Financial Health Signals
Connectm Technology Solutions Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Connectm Technology Solutions Inc scores -2.95, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($23.8M) relative to total liabilities ($34.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Connectm Technology Solutions Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Connectm Technology Solutions Inc reported a net loss of $16.2M while operations used $9.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Connectm Technology Solutions Inc reported an operating loss of $12.6M against $1.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Connectm Technology Solutions Inc generated $35.8M in revenue in fiscal year 2025. This represents an increase of 58.2% from the prior year.
Connectm Technology Solutions Inc's EBITDA was -$11.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.4% from the prior year.
Connectm Technology Solutions Inc reported -$16.2M in net income in fiscal year 2025. This represents an increase of 28.0% from the prior year.
Connectm Technology Solutions Inc earned -$7.19 per diluted share (EPS) in fiscal year 2025.
Cash & Balance Sheet
Connectm Technology Solutions Inc held $2.9M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Connectm Technology Solutions Inc's gross margin was 32.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.7 percentage points from the prior year.
Connectm Technology Solutions Inc's operating margin was -35.1% in fiscal year 2025, reflecting core business profitability. This is up 16.1 percentage points from the prior year.
Connectm Technology Solutions Inc's net profit margin was -45.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 54.3 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
CNTM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue | $35.0M | $35.8M+58.2% | $22.7M+13.4% | $20.0M | N/A |
| Cost of Revenue | $24.7M | $24.4M+45.9% | $16.7M+11.9% | $14.9M | N/A |
| Gross Profit | $10.3M | $11.5M+92.8% | $5.9M+18.1% | $5.0M | N/A |
| SG&A Expenses | $22.3M | $23.5M+55.2% | $15.1M+22.9% | $12.3M+487.1% | $2.1M |
| Operating Income | -$12.5M | -$12.6M-8.5% | -$11.6M-55.4% | -$7.5M-255.7% | -$2.1M |
| Interest Expense | $1.4M | $1.3M-52.0% | $2.7M+89.6% | $1.4M | N/A |
| Income Tax | -$16K | -$16K | $0-100.0% | $914K+280.0% | $241K |
| Net Income | -$16.2M | -$16.2M+28.0% | -$22.6M-146.6% | -$9.1M-143.1% | -$3.8M |
| EPS (Diluted) | — | -$7.19 | -$37.86 | -$0.69 | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CNTM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Total Assets | $36.2M+183.5% | $12.8M-3.0% | $13.2M-86.0% | $94.2M |
| Current Assets | $8.2M-1.9% | $8.3M+12.7% | $7.4M+58035.5% | $13K |
| Cash & Equivalents | $2.9M+20.6% | $2.4M+40388.4% | $6K+0.2% | $6K |
| Inventory | $634K+15.1% | $551K+98.6% | $277K | N/A |
| Accounts Receivable | $3.1M+61.6% | $1.9M+177.1% | $685K | N/A |
| Goodwill | $5.2M+201.9% | $1.7M-23.1% | $2.2M-6.5% | $2.4M |
| Total Liabilities | $34.6M-5.3% | $36.5M+61.4% | $22.6M-77.9% | $102.3M |
| Current Liabilities | $32.9M-4.8% | $34.6M+63.8% | $21.1M+925.6% | $2.1M |
| Long-Term Debt | N/A | $8.5M+642.3% | $1.1M | N/A |
| Total Equity | -$1.5M+93.9% | -$25.1M-165.5% | -$9.5M-17.4% | -$8.1M |
| Retained Earnings | -$61.7M-35.8% | -$45.4M-98.7% | -$22.9M-183.8% | -$8.1M |
CNTM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$9.8M | -$9.8M-64.3% | -$6.0M-28.9% | -$4.6M-641.4% | -$623K |
| Capital Expenditures | N/A | N/A | $27K-35.3% | $42K | N/A |
| Free Cash Flow | N/A | N/A | -$6.0M-28.4% | -$4.7M | N/A |
| Investing Cash Flow | $523K | $429K+498.7% | -$108K+76.9% | -$466K+99.5% | -$92.9M |
| Financing Cash Flow | $10.1M | $9.8M+34.9% | $7.3M+72.4% | $4.2M-95.5% | $93.5M |
| Share Buybacks | N/A | N/A | N/A | $21.0M | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CNTM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Gross Margin | 32.0%+5.7pp | 26.3%+1.0pp | 25.2% | N/A |
| Operating Margin | -35.1%+16.1pp | -51.2%-13.8pp | -37.4% | N/A |
| Net Margin | -45.3%+54.3pp | -99.6%-53.8pp | -45.8% | N/A |
| Return on Assets | -44.9%+132.0pp | -176.9%-107.4pp | -69.5%-65.5pp | -4.0% |
| Current Ratio | 0.250.0x | 0.24-0.1x | 0.35+0.3x | 0.01 |
| FCF Margin | N/A | -26.4%-3.1pp | -23.4% | N/A |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Note: Shareholder equity is negative (-$1.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.25), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Connectm Technology Solutions Inc Ranks
Frequently Asked Questions
What is Connectm Technology Solutions Inc's annual revenue?
Connectm Technology Solutions Inc (CNTM) reported $35.8M in total revenue for fiscal year 2025. This represents a 58.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Connectm Technology Solutions Inc's revenue growing?
Connectm Technology Solutions Inc (CNTM) revenue grew by 58.2% year-over-year, from $22.7M to $35.8M in fiscal year 2025.
Is Connectm Technology Solutions Inc profitable?
No, Connectm Technology Solutions Inc (CNTM) reported a net income of -$16.2M in fiscal year 2025, with a net profit margin of -45.3%.
What is Connectm Technology Solutions Inc's EBITDA?
Connectm Technology Solutions Inc (CNTM) had EBITDA of -$11.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Connectm Technology Solutions Inc's gross margin?
Connectm Technology Solutions Inc (CNTM) had a gross margin of 32.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Connectm Technology Solutions Inc's operating margin?
Connectm Technology Solutions Inc (CNTM) had an operating margin of -35.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Connectm Technology Solutions Inc's net profit margin?
Connectm Technology Solutions Inc (CNTM) had a net profit margin of -45.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Connectm Technology Solutions Inc's operating cash flow?
Connectm Technology Solutions Inc (CNTM) recorded an outflow of $9.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Connectm Technology Solutions Inc's total assets?
Connectm Technology Solutions Inc (CNTM) had $36.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Connectm Technology Solutions Inc's current ratio?
Connectm Technology Solutions Inc (CNTM) had a current ratio of 0.25 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Connectm Technology Solutions Inc's return on assets (ROA)?
Connectm Technology Solutions Inc (CNTM) had a return on assets of -44.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Connectm Technology Solutions Inc's cash runway?
Based on fiscal year 2025 data, Connectm Technology Solutions Inc (CNTM) had $2.9M in cash against an annual operating cash burn of $9.8M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Connectm Technology Solutions Inc's debt-to-equity ratio negative or not reported?
Connectm Technology Solutions Inc (CNTM) has negative shareholder equity of -$1.5M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Connectm Technology Solutions Inc's Altman Z-Score?
Connectm Technology Solutions Inc (CNTM) has an Altman Z-Score of -2.95, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Connectm Technology Solutions Inc's Piotroski F-Score?
Connectm Technology Solutions Inc (CNTM) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Connectm Technology Solutions Inc's earnings high quality?
Connectm Technology Solutions Inc (CNTM) reported a net loss of $16.2M while operations used $9.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Connectm Technology Solutions Inc cover its interest payments?
Connectm Technology Solutions Inc (CNTM) reported an operating loss of $12.6M against $1.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.