Elauwit Connection (ELWT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ELWT SEC filings page.
Elauwit Connection, Inc. (ELWT) reported $18.1M in revenue over the twelve months to Jun 30, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
Revenue more than doubled, but the business still consumed cash and relied on financing while losses remained substantial.
Revenue grew154.5% between FY2024 and FY2025. Operating cash flow nonetheless shifted from-$3.87M to-$5.71M , so expansion did not yet translate into internally funded operations. Because financing cash flow rose223.5% while operating cash flow remained negative, the balance-sheet improvement appears tied more to funding activity than earnings generation.
Gross margin widened
Total equity moved from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Elauwit Connection, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Elauwit Connection, Inc. has an operating margin of -17.1%, meaning the company loses $17 on every $100 of revenue. This results in a profitability score of 26/100. This is up from -37.9% the prior year.
Elauwit Connection, Inc.'s revenue surged 154.5% year-over-year to $21.6M, reflecting rapid business expansion. This strong growth earns a score of 98/100.
Elauwit Connection, Inc. carries a low D/E ratio of 0.23, meaning only $0.23 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.
Elauwit Connection, Inc.'s current ratio of 1.66 indicates adequate short-term liquidity, earning a score of 49/100. The company can meet its near-term obligations, though with limited headroom.
Not available for Elauwit Connection, Inc., so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Elauwit Connection, Inc. posts a -95.7% return on equity (ROE), meaning it loses $96 for every $100 of shareholders' equity. This results in a returns score of 4/100.
Elauwit Connection, Inc. scores 1.77, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $14.6M against total assets of $11.9M. 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.
Elauwit Connection, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Elauwit Connection, Inc. reported a net loss of $4.2M while operations used $5.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Elauwit Connection, Inc. reported an operating loss of $3.7M against $353K 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
Elauwit Connection, Inc. generated $2.9M in revenue in Q2 2026. This represents a decrease of 46.4% from the same quarter a year earlier. Against the prior quarter it is down 35.5%.
Elauwit Connection, Inc. reported a net loss of $3.1M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Elauwit Connection, Inc. earned -$0.47 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Cash & Balance Sheet
Elauwit Connection, Inc. held $1.2M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Elauwit Connection, Inc.'s gross margin was 15.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.2 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
ELWT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'26POS AM | Q4'25POS AM | Q3'2510-Q/A | Q2'2510-Q | Q1'25POS AM | Q4'24POS AM | Q3'2410-Q/A |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9M-46.4% | $4.4M-18.7% | $6.1M | $4.8M+153.4% | $5.3M | $5.4M | N/A | $1.9M |
| Cost of Revenue | $2.4M-46.6% | $3.6M-13.9% | $5.5M | $3.4M+101.1% | $4.5M | $4.2M | N/A | $1.7M |
| Gross Profit | $443K-45.0% | $827K-34.3% | $522K | $1.4M+562.1% | $806K | $1.3M | N/A | $214K |
| R&D Expenses | N/A | N/A | $10K | $9K | N/A | N/A | N/A | N/A |
| SG&A Expenses | $3.5M+129.3% | $3.0M+85.9% | $2.8M | $1.8M+60.8% | $1.5M | $1.6M | N/A | $1.1M |
| Operating Income | -$3.1Mn/m | -$2.2Mn/m | -$2.2M | -$353Kn/m | -$739K | -$369K | N/A | -$881K |
| Interest Expense | $27K-76.3% | N/A | $57K | $109K+49.3% | $114K | $73K | N/A | $73K |
| Income Tax | $4K0.0% | $0n/m | N/A | $1K-93.8% | $4K | $0 | N/A | $16K |
| Net Income | -$3.1Mn/m | -$2.2Mn/m | -$2.3Mn/m | -$639Kn/m | -$857Kn/m | -$442Kn/m | -$1.1M | -$970K |
| EPS (Basic) | -$0.47n/m | -$0.33n/m | -$0.41n/m | -$0.13n/m | -$0.17 | -$0.09 | -$0.20 | -$0.27 |
| EPS (Diluted) | -$0.47n/m | -$0.33n/m | -$0.41n/m | -$0.13n/m | -$0.17 | -$0.09 | -$0.20 | -$0.27 |
| Diluted Shares (Avg) | 7M+32.4% | 7M+32.4% | N/A | 5M+40.2% | 5M | 5M | N/A | 4M |
Not reported in any period shown, so not listed: EBITDA.
ELWT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'26POS AM | Q4'25POS AM | Q3'2510-Q/A | Q2'2510-Q | Q1'25POS AM | Q4'24POS AM | Q3'2410-Q/A |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.1M+4.9% | $9.9M+6.0% | $11.9M+54.6% | $7.7M | $9.6M | $9.4M | $7.7M | N/A |
| Current Assets | $8.2M+1.1% | $8.4M+6.3% | $10.3M+54.9% | $6.2M | $8.1M | $7.9M | $6.7M | N/A |
| Cash & Equivalents | $1.2M+124.8% | $3.5M+477.5% | $6.2M+2044.3% | $762K-19.5% | $525K | $612K | $287K | $947K |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0 | $0 | $0 |
| Inventory | $2.9M | $1.0M | $1.0M-37.5% | $1.8M | N/A | N/A | $1.6M | N/A |
| Accounts Receivable | $3.6M-41.0% | $3.2M-46.6% | $2.4M-45.9% | $3.2M | $6.0M | $6.0M | $4.5M | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0 | $0 | $0 |
| Total Liabilities | $10.9M-29.6% | $7.6M-46.6% | $7.5M-38.6% | $14.1M | $15.4M | $14.3M | $12.3M | N/A |
| Current Liabilities | $9.1M | $6.5M | $6.2M-32.2% | $10.6M | N/A | N/A | $9.2M | N/A |
| Non-Current Liabilities | $1.7M | $1.2M | $1.3M-57.7% | $3.5M | N/A | N/A | $3.1M | N/A |
| Long-Term Debt | N/A | N/A | $996K-63.4% | $2.2M | N/A | N/A | $2.7M | N/A |
| Total Equity | -$757Kn/m | $2.3Mn/m | $4.4Mn/m | -$6.4Mn/m | -$5.8Mn/m | -$4.9Mn/m | -$4.5M | -$3.4M |
| Retained Earnings | -$19.9Mn/m | -$16.8Mn/m | -$14.6Mn/m | -$12.3M | -$11.7M | -$10.8M | -$10.4M | N/A |
Not reported in any period shown, so not listed: Goodwill.
ELWT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'26POS AM | Q4'25POS AM | Q3'2510-Q/A | Q2'2510-Q | Q1'25POS AM | Q4'24POS AM | Q3'2410-Q/A |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.7M-3204.7% | -$2.5Mn/m | -$4.4Mn/m | $142K | $86K | -$1.5M | -$757K | N/A |
| Stock-Based Compensation | N/A | $25K | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | $0 | N/A |
| Financing Cash Flow | $369Kn/m | -$131K-107.0% | $9.8M+9999.0% | $95K | -$173K | $1.9M | $97K | N/A |
Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
ELWT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'26POS AM | Q4'25POS AM | Q3'2510-Q/A | Q2'2510-Q | Q1'25POS AM | Q4'24POS AM | Q3'2410-Q/A |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.5%+0.4pp | 18.7%-4.4pp | 8.6% | 29.7%+18.3pp | 15.1% | 23.1% | N/A | 11.3% |
| Operating Margin | -108.5% | -49.7%-42.9pp | -37.0% | -7.4%+39.3pp | -13.9% | -6.8% | N/A | -46.7% |
| Net Margin | -109.6% | -48.8%-40.7pp | -37.7% | -13.4%+38.1pp | -16.1% | -8.1% | N/A | -51.5% |
| Return on Equity | N/A | -94.9% | -51.9% | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -31.0%-22.1pp | -21.8%-17.1pp | -19.2%-5.1pp | -8.3% | -8.9% | -4.7% | -14.1% | N/A |
| Current Ratio | 0.90 | 1.30 | 1.66+0.9x | 0.58 | N/A | N/A | 0.73 | N/A |
| Debt-to-Equity | N/A | N/A | 0.23 | N/A | N/A | N/A | N/A | N/A |
| Liabilities-to-Equity | N/A | 3.35 | 1.70 | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover | 0.28-0.3x | 0.45-0.1x | 0.51 | 0.62 | 0.55 | 0.58 | N/A | N/A |
Not reported in any period shown, so not listed: FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Elauwit Connection, Inc. ELWT | FY2025 | $21.6M | -$4.2M | -19.6% | $28.6M | 50/100 |
| Cable One, Inc. CABO | FY2025 | $1.5B | -$356.5M | -23.7% | $27.6M | 33/100 |
| iOThree Limited IOTR | FY2026 | $14.7M | -$1.2M | -7.9% | $9.6M | 51/100 |
| iQSTEL Inc. IQST | FY2025 | $316.9M | -$8.5M | -2.7% | $9.2M | 47/100 |
| SurgePays, Inc. SURG | FY2025 | $57.0M | -$36.1M | -63.3% | $8.1M | 19/100 |
| FingerMotion, Inc. FNGR | FY2026 | $24.1M | -$7.0M | -29.2% | $8.8M | 28/100 |
Where Elauwit Connection, Inc. Ranks
Frequently Asked Questions
Elauwit Connection, Inc. (ELWT) reported $21.6M in total revenue for fiscal year 2025. This represents a 154.5% 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.
Elauwit Connection, Inc. (ELWT) revenue grew by 154.5% year-over-year, from $8.5M to $21.6M in fiscal year 2025.
No, Elauwit Connection, Inc. (ELWT) reported a net loss of $8.2M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $4.2M, with a net profit margin of -19.6%.
As of fiscal year 2025, Elauwit Connection, Inc. (ELWT) had $6.2M in cash and equivalents against $996K in long-term debt.
Elauwit Connection, Inc. (ELWT) had a gross margin of 18.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
Elauwit Connection, Inc. (ELWT) had an operating margin of -17.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Elauwit Connection, Inc. (ELWT) had a net profit margin of -19.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Elauwit Connection, Inc. (ELWT) has a return on equity of -95.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Elauwit Connection, Inc. (ELWT) recorded an outflow of $5.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Elauwit Connection, Inc. (ELWT) had $11.9M in total assets as of fiscal year 2025, including both current and long-term assets.
Elauwit Connection, Inc. (ELWT) invested $19K in research and development during fiscal year 2025.
Elauwit Connection, Inc. (ELWT) had a current ratio of 1.66 as of fiscal year 2025, which is generally considered healthy.
Elauwit Connection, Inc. (ELWT) had a debt-to-equity ratio of 0.23 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Elauwit Connection, Inc. (ELWT) had a liabilities-to-equity ratio of 1.70 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Elauwit Connection, Inc. (ELWT) had a return on assets of -35.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Elauwit Connection, Inc. (ELWT) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $28.6M as of Nov 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Elauwit Connection, Inc. (ELWT) trades at 1.6x sales, its market capitalization divided by $18.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $28.6M as of Nov 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2025, Elauwit Connection, Inc. (ELWT) held $6.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $5.7M over that year. Dividing the one by the other, the reported balance equals about 13 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Elauwit Connection, Inc. (ELWT) has an Altman Z-Score of 1.77, 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.
Elauwit Connection, Inc. (ELWT) 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.
Elauwit Connection, Inc. (ELWT) reported a net loss of $4.2M while operations used $5.7M 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.
Elauwit Connection, Inc. (ELWT) reported an operating loss of $3.7M against $353K 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.
Elauwit Connection, Inc. (ELWT) scores 50 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Elauwit Connection, Inc. it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.