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ConnectM Technology Solutions (CNTM) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 24, 2026 · ConnectM Technology Solutions (CNTM) Q2 2026 earnings results →
Q2 2026 Revenue up 24% year over year to $9.8M · 130¢ of every $1 of revenue kept as net profit · operating margin -29.8%
ConnectM Technology Solutions made $9.8M in Q2 2026 (+24% Y/Y): Keen Labs Operations, Inc $3.9M, Logistics $3.6M, Owned Service Network $2.0M. Operating margin -29.8%, net earnings $12.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 24, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $9.8M in Q2 2026, up 24% year over year and up 20% from the previous quarter. Keen Labs Operations, Inc was the largest line at 39% of revenue. Logistics added $752K year over year (up 26%), 39% of the total change. Managed Solutions declined 76%.
Gross margin was 28.6%, down 7.9 points from Q2 2025. Operating costs exceeded revenue by $2.9M, an operating margin of -29.8%. Operating expenses fell 11% while revenue rose 24%. Net earnings were $12.8M. Non-operating items added $1.7M, -148% of pre-tax earnings, so the bottom line overstates operating performance.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 24, 2026 | $9.8M | +24% | -29.8% | $12.8M | — |
| Q1 2026 | 10-Q | May 26, 2026 | $8.2M | -9% | -39.5% | −$6.7M | −$2.8M |
| Q4 2025 | 10-K | Apr 16, 2026 | $9.6M | +54% | -33.0% | −$4.7M | −$3.1M |
| Q3 2025 | 10-Q | Nov 17, 2025 | $8.7M | +45% | -32.3% | −$993K | −$2.5M |
| Q2 2025 | 10-Q | Sep 16, 2025 | $7.9M | +57% | -44.9% | −$4.7M | −$1.4M |
| Q1 2025 | 10-Q | Aug 25, 2025 | $9.0M | +67% | -36.4% | −$7.0M | −$2.8M |
| Q4 2024 | 10-K | Aug 4, 2025 | $6.3M | +40% | -93.6% | −$7.8M | −$3.2M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About ConnectM Technology Solutions
ConnectM Technology Solutions, Inc. (“ConnectM” or the “Company”) is a constellation of technology-driven businesses powering the modern energy economy. ConnectM believes everyone deserves affordable access to clean, reliable energy. The Company’s mission is to reshape how energy is used in homes, businesses, transportation, infrastructure, and logistics to create a higher quality of life, lower costs, and help reverse climate change for a more sustainable future. Through its six reportable segments—Owned Service Network, Managed Solutions, Distributed Energy & Renewables, Transportation, Logistics, and Corporate & Strategic Assets—ConnectM delivers artificial intelligence (“AI”)-enabled electrification, distributed energy, mobility, and Industrial Internet of Things (“IIoT”) solutions to customers worldwide.
In its own words, from its 10-K, filed Apr 16, 2026.
ConnectM Technology Solutions against its Construction - Special Trade Contractors peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +24% against the peers' median +24%. Operating margin: -29.8% against the peers' median 6.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CNTM ConnectM Technology Solutions | Q2 2026 | $9.8M | +24% | -29.8% |
| LGN Legence | Q2 2026 | $1.3B | +111% | -0.5% |
| RUN Sunrun | Q3 2026 | $1.1B | +52% | 14.0% |
| AMRC Ameresco | Q2 2026 | $515M | +9% | 8.6% |
| AGX Argan | Q2 FY27 | $384M | +62% | 14.8% |
| LMB Limbach Holdings | Q3 2026 | $230M | +25% | 6.5% |
| MTRX Matrix Service | Q1 FY27 | $219M | +4% | 2.0% |
| BBCP Concrete Pumping Holdings | Q3 FY26 | $117M | +13% | 12.9% |
| SPWR SunPower | Q2 2026 | $54.9M | -17% | -42.8% |
Source: ConnectM Technology Solutions 10-Q on SEC EDGAR · CIK 1895249 · Construction - Special Trade Contractors
More on CNTM
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results