| Metric | Value ($ M) | vs Q2 FY25 |
|---|---|---|
| Revenue | 4.78 | 10.3% |
| Total Income | 4.78 | 10.3% |
| Expenditure | 5.13 | 15.5% |
| PBT | -0.64 | 24.7% |
| Net Profit | -0.64 | 25.6% |
| OPM | -7.39% | 6.49pp |
| NPM | -13.38% | 2.71pp |
| EPS | -0.13 | 23.5% |
Elauwit Connection Reports Q3 2025 Revenue Up 178%
04 May 2026 · 4 May, 6:58 am
Summary
Elauwit Connection, Inc. announced its financial results for the third quarter ended September 30, 2025. Total revenue increased by 178% year-over-year, and recurring service revenue increased by 163% year-over-year. The company highlighted the growth in contracted, activated, and billed units. Subsequent to the quarter end, Elauwit completed its initial public offering on the Nasdaq Capital Market on November 6, 2025.
Key Highlights
- 1
Elauwit Connection, Inc. reported a 178% increase in total revenue year-over-year for the third quarter of 2025.
- 2
Recurring service revenue increased by 163% year-over-year in the third quarter.
- 3
Contracted units increased to 32,826 from 25,907 a year earlier.
- 4
Activated units increased to 16,964 from 6,765 a year earlier.
- 5
Billed units increased to 10,710 from 5,171 a year earlier.
- 6
The company completed its initial public offering on the Nasdaq Capital Market on November 6, 2025.
Management Comments
Dan McDonough
Elauwit is growing rapidly as it redefines how broadband services are provided to multifamily housing properties. We believe we are creating a win-win-win scenario with better service to residents, improved economics to property owners, and profitable growth for Elauwit. We are excited to report strong year-over-year growth in the third quarter, demonstrating our ability to onboard long-term recurring revenue contracts with property owners. We anticipate deploying the capital from our recent Nasdaq initial public offering to further expand our sales and marketing team and offer services under a Networking-as-a-Service (“NaaS”) model that allow us to reach even more properties in our $25 billion addressable market. We have a strong and growing pipeline of properties coming onto our platform, which will generate years of expected recurring revenue for Elauwit and provide visibility into continued revenue growth. We also have a growing funnel of new business opportunities as properties learn how Elauwit can increase their revenue potential, resident satisfaction and property value.
Informational and educational content only. Not investment advice.