Filing Flows › Elauwit Connection (ELWT) › Q1 2026
Elauwit Connection (ELWT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Elauwit Connection (ELWT) reported revenue of $4.4M for the first quarter 2026 (Q1 2026), -19% from a year earlier and -27% from the quarter before. Operating margin was -49.7%, net loss $2.2M (48.8% of revenue).
Elauwit Connection, Q1 2026: revenue $4.4M (-19% year over year), operating margin -49.7%, net loss $2.2M, operating cash flow −$2.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.4M | -27% | -19% |
| Operating profit | −$2.2M | — | — |
| Net earnings | −$2.2M | — | — |
| Operating cash flow | −$2.5M | — | — |
What changed
Revenue was $4.4M in Q1 2026, down 19% year over year and down 27% from the previous quarter. Network design and installation was the largest line at 76% of revenue. Network design and installation lost $1.6M year over year (down 32%), 157% of the total change.
Gross margin was 18.7%, down 4.4 points from a year earlier. Operating costs exceeded revenue by $2.2M, an operating margin of -49.7%. Operating expenses grew 86% against a revenue fall of 19%. The fastest-growing cost line was Sales & marketing (+550%). The quarter ended with a net loss of $2.2M, narrower than the previous quarter's $2.3M loss.
Operating cash flow was −$2.5M. Non-cash charges added back $25K of share-based compensation. Working capital and other items used $352K.
Questions
What was Elauwit Connection's revenue in the first quarter 2026?
Elauwit Connection (ELWT) reported revenue of $4.4M for the first quarter 2026 (Q1 2026), -19% from a year earlier and -27% from the quarter before.
Was Elauwit Connection profitable in the first quarter 2026?
Operating loss was $2.2M (-49.7% of revenue) and net loss $2.2M.
Source: Elauwit Connection 10-Q on SEC EDGAR.