NASDAQ · Financial Statements

Elauwit Connection, Inc. (ELWT) Financial Statements

$5.38 NASDAQ: ELWT Market Cap $35.58M

Elauwit Connection, Inc. most recently reported annual revenue of $22.0M, a net loss of $4.0M. Revenue grew at an average annual rate of 134.5% over the last 2 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Elauwit Connection, Inc.: Revenue rose from $4.0M in 2023 to $22.0M in 2025, a change of +450.0% over 2 years; net profit was positive in 0 of 3 reported years; operating margin moved from -66.1% to -17.1%, a shift of +48.9 percentage points; the most recent year shows a net loss of $4.0M.

Income Statement — 3 Years (USD millions)

Metric202320242025
Revenue$4.0M$8.0M$22.0M
Operating Expenses$7.0M$12.0M$25.0M
Operating Profit$-3.0M$-3.0M$-4.0M
Operating Margin-66.1%-37.9%-17.1%
Other Income$0$0$-1.0M
Interest$0$0$0
Depreciation$0$0$0
Profit Before Tax$-3.0M$-3.0M$-4.0M
Tax$0$-30,000$0
Net Profit$-3.0M$-3.0M$-4.0M
EPS$-0.40$-0.52$-0.80
Dividend Payout0.0%0.0%0.0%

Quarterly Results — Last 10 Quarters (USD millions)

MetricMar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$2.0M$2.0M$2.0M$3.0M$6.0M$6.0M$5.0M$5.0M$4.0M$3.0M
Operating Expenses$2.0M$3.0M$3.0M$4.0M$6.0M$6.0M$5.0M$8.0M$7.0M$6.0M
Operating Profit$0$-1.0M$-1.0M$-1.0M$0$0$0$-4.0M$-2.0M$-3.0M
Operating Margin-27.1%-51.0%-46.7%-31.3%-3.5%0.1%2.3%-77.7%-49.7%-108.5%
Interest$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$0$-1.0M$-1.0M$-1.0M$0$0$0$-4.0M$-2.0M$-3.0M
Tax$0$-110,000$-1.7M$1.4M$0$-3.9M$-600,000$140,000$0$-130,000
Net Profit$0$-1.0M$-1.0M$-1.0M$0$0$0$-4.0M$-2.0M$-3.0M
EPS$-0.07$-0.14$-0.15$-0.16$-0.04$-0.02$-0.03$-0.70$-0.33$-0.47

Over the 3 years reported for Elauwit Connection, Inc., borrowings increased from $1.0M in 2023 to $2.0M in 2025, cash stood at $6.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 1.67 times.

Balance Sheet — 3 Years (USD millions)

Metric202320242025
Total Assets$1.0M$8.0M$12.0M
Current Assets$1.0M$7.0M$10.0M
Cash$0$0$6.0M
Inventory$0$2.0M$1.0M
Receivables$1.0M$5.0M$3.0M
Fixed Assets$0$0$0
Capital Work in Progress$0$0$0
Investments$0$1.0M$2.0M
Other Assets$0$0$0
Total Liabilities$4.0M$12.0M$8.0M
Current Liabilities$3.0M$9.0M$6.0M
Borrowings$1.0M$3.0M$2.0M
Other Liabilities$3.0M$9.0M$6.0M
Equity$0$0$0
Reserves$-3.0M$-5.0M$4.0M

For Elauwit Connection, Inc., operating cash flow was positive in 0 of 3 reported years; free cash flow in the latest year was negative at $6.0M; free cash flow was positive in 0 of 3 years.

Cash Flow Statement — 3 Years (USD millions)

Metric202320242025
Operating Cash Flow$-2.0M$-4.0M$-6.0M
Investing Cash Flow$0$0$0
Financing Cash Flow$0$0$1.0M
Net Cash Flow$0$0$6.0M
Free Cash Flow$-2.0M$-4.0M$-6.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.02
EV / EBITDA-4.18
FCF Yield-26.53%
Quick Ratio0.58
Interest Coverage-45.45
Return 1Y—
Return 3Y—
Return 5Y—

Elauwit Connection, Inc. (ELWT) financials — frequently asked questions

What is Elauwit Connection, Inc.'s annual revenue?

Elauwit Connection, Inc. (ELWT) reported annual revenue of $22.0M in its most recent fiscal year.

What is Elauwit Connection, Inc.'s net profit?

Elauwit Connection, Inc. (ELWT) reported a net loss of $4.0M in its most recent fiscal year.

What is ELWT EV/EBITDA?

Elauwit Connection, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -4.18. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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