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Financial statements

Elauwit Connection, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Elauwit Connection, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2025FY2025
Revenue8.521.6
Cost of revenue7.3317.6
Gross profit1.164
Research and development00.02
Selling and marketing0.080.18
General and administrative4.37.51
Operating expenses4.387.71
Operating income-3.22-3.71
Other non-operating income-0.26-0.52
Pre-tax income-3.47-4.23
Income tax0
Net income-3.47-4.23
EPS, basic-0.98-0.80
EPS, diluted-0.98-0.80
Shares, basic (weighted)3.555.26
Shares, diluted (weighted)3.555.26

Balance sheet

FY2025FY2025
Cash and equivalents0.296.15
Receivables4.452.41
Inventory1.611
Other current assets0.260.55
Total current assets6.6710.3
Lease right-of-use assets0.060.03
Other non-current assets0.030.03
Total assets7.7311.9
Accounts payable1.911.81
Deferred revenue6.222.89
Short-term debt0.71
Total current liabilities9.186.22
Long-term debt2.731
Lease liabilities0.02
Other non-current liabilities0.34
Total liabilities12.37.53
Total debt3.422
Paid-in capital5.8619
Retained earnings-10.4-14.6
Shareholders' equity-4.544.42
Total equity-4.544.42
Total liabilities and equity7.7311.9

Cash flow statement

FY2025FY2025
Net income-3.47-4.23
Stock-based compensation0
Deferred income tax-0.77-0.92
Change in receivables-3.551.74
Change in inventory-1.450.6
Cash from operations-3.87-5.71
Cash from investing0.25
Stock issued2.38
Share buybacks-2
Cash from financing3.5811.6
Interest paid0.30.48
Income taxes paid00

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $7.13 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin17.7%Gross profit / revenue.
Operating margin-43.6%Operating income / revenue.
Pre-tax margin-45.3%Pre-tax income / revenue.
Net margin-45.3%Net income / revenue.
Operating cash flow margin-52.0%Cash from operations / revenue.
Return on assets (ROA)-81.4%Net income / average total assets.

Growth

MetricValueHow it is calculated
Revenue growth, 1y154.5%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y244.0%Gross profit vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y54.6%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y48.3%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.90xCurrent assets / current liabilities.
Quick ratio0.52x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.13x(Cash + short-term investments) / current liabilities.
Liabilities / assets107.5%Total liabilities / total assets.
Working capital-$903.0KCurrent assets - current liabilities.
Tangible book value-$757.0KShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.80xRevenue / average total assets.
Fixed asset turnover349xRevenue / average property, plant and equipment.
Inventory turnover5.15xCost of revenue / average inventory.
Days inventory71 days365 x average inventory / cost of revenue.
Receivables turnover5.09xRevenue / average receivables.
Days sales outstanding72 days365 x average receivables / revenue.
Days payables44 days365 x average accounts payable / cost of revenue.
Cash conversion cycle99 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.24Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$2.74Revenue / diluted weighted shares.
Operating cash flow per share-$1.42Cash from operations / diluted weighted shares.
Book value per share-$0.11Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.11Tangible book value / shares outstanding.
Cash per share$0.18(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$47.2MShare price x shares outstanding.
Enterprise value$46.0MMarket cap + total debt - cash - short-term investments.
P/S2.60xMarket cap / revenue.
EV/Sales2.54xEnterprise value / revenue.
Earnings yield-17.4%Net income / market cap (the inverse of P/E).
What was Elauwit Connection, Inc.'s revenue in fiscal 2025?

Elauwit Connection, Inc. reported revenue of $21.6M for fiscal 2025, 154.5% higher than the year before.

Was Elauwit Connection, Inc. profitable in fiscal 2025?

No. It reported a net loss of $4.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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