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ConnectM Technology Solutions cash flow, quarter by quarter

Latest: Q1 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$2.8M in Q1 2026 · −$9.4M over twelve months

Operating cash flow−$2.8M
Capital spending−$1K
Free cash flow−$2.8M
Cash conversion cycle-62 days

Analysis

In Q1 2026, ConnectM Technology Solutions generated −$2.8M of operating cash flow and spent $1K on capital projects, leaving free cash flow of −$2.8M. That is $17K more than in Q1 2025 (−$2.8M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$9.4M; the largest uses were operating cash flow ($9.4M), other investing ($150K); besides operations, cash came from other financing ($6.7M), net borrowing (+) / repaid (−) ($3.7M); the cash balance fell by $97K.

Operating cash flow was −$2.8M against net income of −$6.7M. The largest differences: prepaid and other assets −$935K, deferred revenue +$882K, stock-based pay +$221K.

Its cash conversion cycle was -61 days (receivables 29 + inventory 5 − payables 95): suppliers fund its working capital.

Free cash flow

ConnectM Technology Solutions: free cash flow by quarterConnectM Technology Solutions: free cash flow by quarter−$396KQ3 2024−$3.1MQ4 2024−$2.8MQ1 2025−$1.4MQ2 2025−$2.5MQ3 2025−$3.1MQ4 2025−$2.8MQ1 2026
Operating cash flow less capital spending.
ConnectM Technology Solutions: operating cash flow against capital spendingConnectM Technology Solutions: operating cash flow against capital spendingOperating cash flowCapital spending−$347K$49KQ3 2024−$3.2M−$40KQ4 2024−$2.8M$3KQ1 2025−$1.4M$2KQ2 2025−$2.5M$3KQ3 2025−$3.1M$0Q4 2025−$2.8M$1KQ1 2026
Latest (Q1 2026): Operating cash flow −$2.8M, Capital spending $1K.

Capital allocation, year by year

ConnectM Technology Solutions: where the cash came from (up) and went (down), by fiscal yearConnectM Technology Solutions: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksFY2022: Operating cash flow −$623KFY2022FY2023: Operating cash flow −$4.6MFY2023: Net borrowing $6.8MFY2023: Asset sales $57KFY2023: Capital spending −$42KFY2023: Buybacks −$21.0M$6.9MFY2023FY2024: Operating cash flow −$6.0MFY2024: Net borrowing $6.5MFY2024: Asset sales $13KFY2024: Capital spending −$19K$6.5MFY2024FY2025: Operating cash flow −$9.8MFY2025: Net borrowing $8.8MFY2025: Shares issued $805KFY2025: Asset sales $31K$9.6MFY2025
Over these 4 years operating cash flow totalled −$21.0M; the largest uses were operating cash flow ($21.0M) and buybacks ($21.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$2.4M
Debtnone
Net cash$2.4M
Due within a year$7.2M
Cash runway3 months

ConnectM Technology Solutions is burning cash: its operations consume cash, a free cash flow of −$9.4M a year at the current rate against $2.4M of cash and investments: a runway of about 3 months; $7.2M of debt also comes due within a year, which would need refinancing or new money before any new financing.

ConnectM Technology Solutions: debt maturities by year (FY2024)ConnectM Technology Solutions: debt maturities by year (FY2024)$7.2MYear 1$279KYear 2$113KYear 3$80KYear 4$57KYear 5$774KAfter year 5
Principal due in each year as disclosed in the annual report, against $2.4M of cash and investments now.

Where the cash came from and went

ConnectM Technology Solutions: sources (+) and uses (−) of cash, Q1 2026ConnectM Technology Solutions: sources (+) and uses (−) of cash, Q1 2026Operating cash flow−$2.8MNet borrowing (+) / repaid (−)$1.6MOther financing$843KCash drawn (+) / kept (−)$433KOther investing−$89KAsset & business sales$32KExchange rates−$17KCapital spending−$1K
ConnectM Technology Solutions: sources (+) and uses (−) of cash, TTM to Q2 2026ConnectM Technology Solutions: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow−$9.4MOther financing$6.7MNet borrowing (+) / repaid (−)$3.7MNot reconciled−$1.7MExchange rates$810KOther investing−$150KCash drawn (+) / kept (−)$97K

From profit to cash

ConnectM Technology Solutions: net income to operating cash flow, Q1 2026ConnectM Technology Solutions: net income to operating cash flow, Q1 2026Net income−$6.7MDepreciation & amortization$213KStock-based pay$221KReceivables−$51KInventory$21KPayables−$73KAccrued liabilities$164KDeferred revenue$882KContract assets$159KPrepaid and other assets−$935KOperating cash flow−$2.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202626593-62
Q1 202629595-61
Q4 2025526129-71
Q3 20255911116-47
Q2 20255415127-58
Q1 2025279126-90
Q4 2024347209-168

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q1 2026−$2.8M−$1K$1.6M$433K−$2.8M
Q4 2025−$3.1M—$3.3M−$691K−$3.1M
Q3 2025−$2.5M−$3K$1.9M$445K−$2.5M
Q2 2025−$1.4M−$2K$2.1M−$1.0M−$1.4M
Q1 2025−$2.8M−$3K$2.2M$790K−$2.8M
Q4 2024−$3.2M$40K$4.2M−$526K−$3.1M
Q3 2024−$347K−$49K$135K−$1.1M−$396K

ConnectM Technology Solutions: income statement and cash flow

ConnectM Technology Solutions, Q2 2026: revenue $9.8M (+24% year over year), operating margin -29.8%. The chart follows the revenue to costs, profit and cash.

ConnectM Technology Solutions: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.