Elauwit Connection, Inc. (ELWT)

Elauwit Connection Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023
Revenue	20.25	8.5	3.92
Revenue Growth (YoY)	416.21%	116.54%	-
Cost of Revenue	15.1	7.33	3.73
Gross Profit	5.15	1.16	0.2
Selling, General & Admin	6.25	4.38	2.78
Research & Development	0.01	0	0.01
Operating Expenses	6.26	4.38	2.79
Operating Income	-1.11	-3.22	-2.59
Interest Expense	-0.39	-0.28	-0.1
Interest & Investment Income	0.02	0.02	-
Pretax Income	-1.65	-3.47	-2.69
Income Tax Expense	-0.01	0	-
Net Income	-1.64	-3.47	-2.69
Net Income to Common	-1.64	-3.47	-2.69
Shares Outstanding (Basic)	5	4	3
Shares Outstanding (Diluted)	5	4	3
Shares Change (YoY)	78.70%	26.62%	-
EPS (Basic)	-0.33	-0.98	-0.96
EPS (Diluted)	-0.33	-0.98	-0.96
Gross Margin	25.44%	13.70%	4.97%
Operating Margin	-5.47%	-37.88%	-66.07%
Profit Margin	-8.09%	-40.89%	-68.57%
EBITDA	-	-3.22	-2.59
EBITDA Margin	-	-37.85%	-66.00%
D&A For EBITDA	-	0	0
EBIT	-1.11	-3.22	-2.59
EBIT Margin	-5.47%	-37.88%	-66.07%
Advertising Expenses	-	0.08	0.04

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q