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CNTM

ConnectM Technology Solutions, Inc.

CNTM

ConnectM Technology Solutions, Inc. • NASDAQ
$0.27 ▲ 33.00% (+0.07)
Market Cap $19.34 M
52w High $1.38
52w Low $0.00
Dividend Yield 0%
P/E -0.39
Volume 566.36K
Outstanding Shares 71.63M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $8.707M ▲ $5.691M ▼ $-1.146M ▲ -13.157% ▲ $-0.02 ▲ $-597.85K ▲
Q2-2025 $8.511M ▼ $6.292M ▲ $-3.544M ▲ -41.639% ▲ $-0.06 ▲ $-3.052M ▲
Q1-2025 $8.988M ▲ $6.287M ▲ $-7.018M ▼ -78.083% ▲ $-0.22 ▼ $-6.369M ▼
Q4-2024 $5.354M ▼ $5.37M ▲ $-5.516M ▲ -103.023% ▲ $0.95 ▲ $-4.254M ▲
Q3-2024 $6.074M $4.73M $-12.238M -201.482% $-1.28 $-11.293M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.213M ▼ $22.086M ▲ $33.839M ▲ $-11.753M ▲
Q2-2025 $2.658M ▲ $21.838M ▲ $33.419M ▼ $-13.307M ▲
Q1-2025 $1.618M ▼ $12.755M ▼ $38.718M ▲ $-27.323M ▼
Q4-2024 $2.408M ▲ $12.757M ▼ $36.543M ▼ $-25.104M ▲
Q3-2024 $1.882M $13.747M $40.775M $-28.339M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-993.042K ▲ $-2.492M ▼ $-176.893K ▼ $2.276M ▲ $-444.825K ▼ $-2.645M ▼
Q2-2025 $-3.406M ▲ $-1.379M ▲ $438.494K ▲ $2.026M ▼ $1.04M ▲ $-1.231M ▲
Q1-2025 $-6.977M ▼ $-2.826M ▼ $-152.672K ▲ $2.178M ▼ $-789.799K ▼ $-2.978M ▼
Q4-2024 $-5.51M ▲ $-2.708M ▼ $-558.665K ▼ $3.786M ▲ $525.843K ▼ $-2.733M ▼
Q3-2024 $-12.177M $-826.632K $596.923K $1.282M $1.062M $-928.709K

Revenue by Products

Product Q1-2025Q2-2025Q3-2025
Logistics Segment
Logistics Segment
 $0 ▲$0 ▲$0 ▲
Transportation Segment
Transportation Segment
 $0 ▲$0 ▲$0 ▲
Reportable Segment
Reportable Segment
 $10.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement ConnectM is in the early commercial stage, with meaningful revenue only just starting to show up. Gross profit is positive, which is a good sign that the core services can be priced above their direct costs, but overall operations are still loss‑making. The company is spending heavily relative to its current scale, which is typical for a young technology platform but means earnings per share remain negative. In plain terms, the business is growing into its cost base and has not yet reached a point where operations comfortably cover all overheads and financing costs.

Balance Sheet

Balance Sheet The balance sheet looks thin and highly leveraged. The company has a modest pool of assets and a relatively small cash cushion compared with its debt load. Reported negative equity suggests that past losses and obligations already outweigh the company’s accounting net worth. This structure increases financial risk: ConnectM has limited room to absorb setbacks, and it is more exposed to funding constraints, lender demands, and any delays in achieving profitable scale.

Cash Flow

Cash Flow Cash generation is still weak. Operating cash flow is slightly negative, which means the business is not yet self‑funding and likely depends on outside capital to support ongoing operations and growth. Capital spending appears light, reflecting an asset‑light, software‑centric model, but that also means the main cash outflows are people, product development, and sales efforts. Overall, the cash profile is what you would expect from an early‑stage, growth‑oriented software and services company that has not yet proven durable, positive cash flow.

Competitive Edge

Competitive Edge ConnectM is carving out a niche at the intersection of clean energy, electrification, and AI‑driven software. Its Energy Intelligence Network, vertical integration from hardware to services, and focus on challenging use cases like cold‑climate heat pumps give it a differentiated story. Network effects from connected devices and data, plus relationships with equipment makers and fleet operators, could build a defensible position over time. However, it operates in crowded, fast‑moving markets where large industrials, utilities, and big software firms are also investing, so scale, execution quality, and customer adoption will be critical to sustaining any edge.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point. ConnectM is investing in AI, IoT, and integrated hardware‑software platforms, such as its Energy Intelligence Network, smart heat pump technology, and EV fleet control systems. The company is also experimenting with new go‑to‑market models like the Keen‑Connect Marketplace and using acquisitions to expand into areas like data centers, logistics, and virtual power plants. The upside is significant if these technologies gain traction and integrate well, but there is also meaningful execution risk: combining multiple acquired pieces, scaling across geographies, and turning R&D and pilots into repeatable, profitable offerings is a complex task.

Summary

ConnectM is an early‑stage, high‑innovation technology player in electrification and clean energy, with a business model built around AI, connected devices, and integrated services. Financially, it is still in a build‑out phase: revenues are emerging but do not yet cover the full cost structure, the balance sheet is strained with negative equity and notable leverage, and cash flows are not yet self‑sustaining. Strategically, the company’s platform approach, data‑driven network effects, and focus on difficult segments like cold‑climate heating and EV fleets provide a distinctive positioning. Future outcomes will hinge on its ability to scale customers and partnerships quickly, manage financial risk, and convert its strong innovation pipeline into stable, recurring, and cash‑generative business lines.

NEWS

November 17, 2025 · 1:29 PM UTC

ConnectM Reports Third Quarter 2025 Results: 45% Revenue Growth and Continued Balance Sheet Deleveraging

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November 5, 2025 · 1:30 PM UTC

ConnectM Acquires Geo Impex, Securing Regulatory-Approved Site for AI-Driven Data Center and Multimodal Logistics Park Development

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November 3, 2025 · 2:30 PM UTC

ConnectM Acquires Amperics, Expanding Keen Labs' Portfolio and Advancing the Future of Virtual Power Plants & Energy-Intelligent AI Data Centers

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October 27, 2025 · 9:36 AM UTC

ConnectM Launches Keen Labs Subsidiary to Accelerate AI and Energy Transition Technologies

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