Filing Flows › Elauwit Connection (ELWT) › Q4 2025
Elauwit Connection (ELWT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Elauwit Connection (ELWT) reported revenue of $6.1M for the fourth quarter 2025 (Q4 2025), +83% from a year earlier and +27% from the quarter before. Operating margin was -37.0%, net loss $2.3M (37.7% of revenue).
Elauwit Connection, Q4 2025: revenue $6.1M (+83% year over year), operating margin -37.0%, net loss $2.3M, operating cash flow −$4.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.1M | +27% | +83% |
| Operating profit | −$2.2M | — | — |
| Net earnings | −$2.3M | — | — |
| Operating cash flow | −$4.4M | -3201% | — |
What changed
Revenue was $6.1M in Q4 2025, up 83% year over year and up 27% from the previous quarter.
Gross margin was 8.6%, up 0.2 points from a year earlier. Operating costs exceeded revenue by $2.2M, an operating margin of -37.0%. Operating expenses grew 110% against revenue growth of 83%. The fastest-growing cost line was Sales & marketing (+136%). The quarter ended with a net loss of $2.3M, wider than the previous quarter's $639K loss.
Operating cash flow was −$4.4M. Working capital and other items used $2.1M.
Questions
What was Elauwit Connection's revenue in the fourth quarter 2025?
Elauwit Connection (ELWT) reported revenue of $6.1M for the fourth quarter 2025 (Q4 2025), +83% from a year earlier and +27% from the quarter before.
Was Elauwit Connection profitable in the fourth quarter 2025?
Operating loss was $2.2M (-37.0% of revenue) and net loss $2.3M.
Source: Elauwit Connection 10-K on SEC EDGAR.