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 Sep 17, 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 scaled quickly, but external financing and elevated spending—not internally generated cash—remain the dominant operating mechanic.
Gross margin widened from13.7% in FY2024 to18.5% in FY2025, yet cash conversion worsened over the same interval. Operating cash flow moved from-$3.9M to-$5.7M , showing that margin expansion has not offset the cash demands of scaling and the larger operating cost base.
Total liabilities fell from
The current ratio improved from 0.7x to 1.7x, reducing the immediate working-capital constraint visible in the reported figures. Reported liquidity equaled 12.9 months of the latest annual operating outflow, but that balance-sheet measure does not mean the business is self-funding.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 99/100.
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 48/100. The company can meet its near-term obligations, though with limited headroom.
Not available for Elauwit Connection, Inc., and counted as zero in the overall score.
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 3.28, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($47.5M) relative to total liabilities ($7.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
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 -$3.1M in net income in Q2 2026. This represents a decrease of 265.3% from the same quarter a year earlier. Against the prior quarter it is down 44.8%.
Elauwit Connection, Inc. earned -$0.47 per diluted share (EPS) in Q2 2026. This represents a decrease of 176.5% from the same quarter a year earlier. Against the prior quarter it is down 42.4%.
Not reported for Q2 2026.
Cash & Balance Sheet
Elauwit Connection, Inc. held $1.2M in cash as of Q2 2026; long-term debt is not reported 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 | Q4'2510-Q | 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 | N/A | $9K | N/A | N/A | N/A | N/A |
| SG&A Expenses | $3.4M+125.7% | $2.9M+79.6% | $2.7M | $1.7M+60.5% | $1.5M | $1.6M | N/A | $1.1M |
| Operating Income | -$3.1M-319.5% | -$2.2M-496.2% | -$2.2M | -$353K+59.9% | -$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% | $0 | N/A | $1K-93.8% | $4K | $0 | N/A | $16K |
| Net Income | -$3.1M-265.3% | -$2.2M-389.1% | -$2.3M | -$639K+34.1% | -$857K+9.2% | -$442K+5.8% | N/A | -$970K |
| EPS (Basic) | -$0.47-176.5% | -$0.33-266.7% | -$0.41-105.0% | -$0.13+51.9% | -$0.17 | -$0.09 | -$0.20 | -$0.27 |
| EPS (Diluted) | -$0.47-176.5% | -$0.33-266.7% | -$0.41-105.0% | -$0.13+51.9% | -$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 | Q4'2510-Q | 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 | $0 | $0 | $0 | $0 | $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 | $0 | $0 | $0 | $0 | $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 | -$757K+87.0% | $2.3M+146.1% | $4.4M+197.4% | -$6.4M-87.1% | -$5.8M+30.1% | -$4.9M+32.2% | -$4.5M | -$3.4M |
| Retained Earnings | -$19.9M-70.5% | -$16.8M-55.0% | -$14.6M-40.8% | -$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 | Q4'2510-Q | Q3'2510-Q/A | Q2'2510-Q | Q1'25POS AM | Q4'24POS AM | Q3'2410-Q/A |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.7M-3204.7% | -$2.5M-62.0% | -$4.4M-481.8% | $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 | $369K+313.3% | -$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 | Q4'2510-Q | 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% | -8.3% | -8.9% | -4.7% | N/A | 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 | 3.35 | 0.23 | 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.
Where Elauwit Connection, Inc. Ranks
Frequently Asked Questions
What is Elauwit Connection, Inc.'s annual revenue?
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.
How fast is Elauwit Connection, Inc.'s revenue growing?
Elauwit Connection, Inc. (ELWT) revenue grew by 154.5% year-over-year, from $8.5M to $21.6M in fiscal year 2025.
Is Elauwit Connection, Inc. profitable?
No, Elauwit Connection, Inc. (ELWT) reported a net income of -$4.2M in fiscal year 2025, with a net profit margin of -19.6%.
How much debt does Elauwit Connection, Inc. have?
As of fiscal year 2025, Elauwit Connection, Inc. (ELWT) had $6.2M in cash and equivalents against $996K in long-term debt.
What is Elauwit Connection, Inc.'s gross margin?
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.
What is Elauwit Connection, Inc.'s operating margin?
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.
What is Elauwit Connection, Inc.'s net profit margin?
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.
What is Elauwit Connection, Inc.'s return on equity (ROE)?
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.
What is Elauwit Connection, Inc.'s operating cash flow?
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.
What are Elauwit Connection, Inc.'s total assets?
Elauwit Connection, Inc. (ELWT) had $11.9M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Elauwit Connection, Inc. spend on research and development?
Elauwit Connection, Inc. (ELWT) invested $19K in research and development during fiscal year 2025.
What is Elauwit Connection, Inc.'s current ratio?
Elauwit Connection, Inc. (ELWT) had a current ratio of 1.66 as of fiscal year 2025, which is generally considered healthy.
What is Elauwit Connection, Inc.'s debt-to-equity ratio?
Elauwit Connection, Inc. (ELWT) had a debt-to-equity ratio of 0.23 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Elauwit Connection, Inc.'s return on assets (ROA)?
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.
What is Elauwit Connection, Inc.'s P/E ratio?
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 $47.5M as of Sep 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Elauwit Connection, Inc.'s price-to-sales ratio?
Elauwit Connection, Inc. (ELWT) trades at 2.6x sales, its market capitalization divided by revenue of $18.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $47.5M as of Sep 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Elauwit Connection, Inc.'s liquidity compare with its operating cash outflow?
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.
What is Elauwit Connection, Inc.'s Altman Z-Score?
Elauwit Connection, Inc. (ELWT) has an Altman Z-Score of 3.28, placing it in the Safe Zone (low 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 Elauwit Connection, Inc.'s Piotroski F-Score?
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.
Are Elauwit Connection, Inc.'s earnings high quality?
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.
Can Elauwit Connection, Inc. cover its interest payments?
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.
How financially healthy is Elauwit Connection, Inc.?
Elauwit Connection, Inc. (ELWT) scores 42 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite 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. 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.