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Elauwit Connection (ELWT) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 19, 2026 · Elauwit Connection (ELWT) Q2 2026 earnings results →
Q2 2026 Revenue down 46% year over year to $2.9M · 110¢ of every $1 of revenue lost · operating margin -108.5%
Elauwit Connection made $2.9M in Q2 2026 (-46% Y/Y): Network design and installation $1.6M, Internet network services and hardware and internet service $1.2M. Operating margin -108.5%, net loss $3.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 19, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $2.9M in Q2 2026, down 46% year over year and down 36% from the previous quarter. Network design and installation was the largest line at 57% of revenue. Network design and installation lost $3.0M year over year (down 65%), 123% of the total change.
Gross margin was 15.5%, up 0.4 points from a year earlier. Operating costs exceeded revenue by $3.1M, an operating margin of -108.5%. Operating expenses grew 129% against a revenue fall of 46%. The fastest-growing cost line was Sales & marketing (+257%). The quarter ended with a net loss of $3.1M, wider than the previous quarter's $2.2M loss.
Operating cash flow was −$2.7M. Non-cash charges added back $95K of share-based compensation. Working capital and other items added $366K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 19, 2026 | $2.9M | -46% | -108.5% | −$3.1M | −$2.7M |
| Q1 2026 | 10-Q | May 15, 2026 | $4.4M | -19% | -49.7% | −$2.2M | −$2.5M |
| Q4 2025 | 10-K | Mar 31, 2026 | $6.1M | +83% | -37.0% | −$2.3M | −$4.4M |
| Q3 2025 | 10-Q | Dec 10, 2025 | $4.8M | +153% | -7.4% | −$639K | $142K |
Charts
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💵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 Elauwit Connection
We are a provider of broadband Internet networks for the multifamily and student housing property sector. We provide Managed Services and Network-as-a-Service solutions designed to modernize and enhance the Internet connectivity experience for residents while driving significant financial benefits for property owners. We strive to be a leading player in a booming multifamily property conversion trend through service commitment, operational experience and flexibility. Key highlights of our business and market opportunity include:
In its own words, from its 10-K, filed Mar 31, 2026.
Elauwit Connection against its Communications Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -46% against the peers' median -4%. Operating margin: -108.5% against the peers' median 5.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ELWT Elauwit Connection | Q2 2026 | $2.9M | -46% | -108.5% |
| VSAT Viasat | Q2 FY27 | $1.2B | +3% | 0.6% |
| ECHO EchoStar | Q3 2026 | $1.1B | -69% | 13.1% |
| CALX Calix | Q3 2026 | $302M | +14% | 5.5% |
| IRDM Iridium Communications | Q3 2026 | $246M | +8% | 12.9% |
| CCOI Cogent Communications Holdings | Q3 2026 | $231M | -4% | -3.0% |
| GOGO Gogo | Q3 2026 | $213M | -5% | 8.0% |
| GSAT Globalstar | Q3 2026 | $70.9M | -4% | 10.7% |
| KVHI KVH Industries | Q3 2026 | $38.4M | +35% | -3.2% |
Source: Elauwit Connection 10-Q on SEC EDGAR · CIK 2063863 · Communications Services, NEC
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results