10-Q · May 26, 2026
ConnectM reported revenues of approximately $8.17 million for Q1 2026, a decrease of 9% from $8.99 million in Q1 2025. The company continued to face significant losses with an EPS of -$6.67 per share while cash reserves…
Earnings analysis · 10-Q
CNTM earnings analysis
Filed August 22, 2026 · Our reading of the company's report
The latest report
Q2 2026 revenue of $9.794 million increased approximately 19.4% from the previously reported $8.2 million, while EPS improved to $(0.21) from $(1.21). The filing extract does not provide current gross margin, operating…
Read full summary
Q2 2026 revenue of $9.794 million increased approximately 19.4% from the previously reported $8.2 million, while EPS improved to $(0.21) from $(1.21). The filing extract does not provide current gross margin, operating margin, cash flow, balance-sheet or segment data, limiting assessment of underlying profitability and liquidity. Material weaknesses in disclosure controls and a litigation matter involving a proposed judgment exceeding $2.5 million remain significant offsets to the improved top-line and EPS trend.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.21
What stood out
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Revenue increased 19.4%
Q2 2026 revenue was $9.794 million, up from $8.2 million in the prior analysis period, an increase of approximately 19.4%.
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EPS loss narrowed materially
Reported Q2 2026 EPS was $(0.21), improving from $(1.21) in the prior analysis period by $1.00 per share.
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Debt-to-equity exchanges executed
The company issued 938,356 shares between January 1, 2026 and the filing date, including 295,044 shares issued to debtholders in debt-to-equity exchanges and conversions.
What to watch
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Material weaknesses in controls
Disclosure controls were not effective as of June 30, 2026 because of material weaknesses in internal control over financial reporting. Management has begun remediation, but the weaknesses will not be considered remediated until the improved controls operate effectively for a sufficient period.
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Litigation judgment exposure
A proposed judgment in the Florida Solar litigation would total more than $2.5 million, including damages, fees, costs, interest and other obligations. The company recorded a litigation reserve of approximately $1.024 million and stated that approximately $1.5 million remains reflected in debt, accrued expenses and other current liabilities; the final resolution could require material adjustments.
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Financing and dilution pressure
The company entered into or referenced at least 10 promissory notes and related financing agreements listed as Exhibits 10.1-10.20 during the period, while also issuing 295,044 shares to debtholders. This indicates continuing reliance on financing and equity issuance, with potential dilution and repayment risk.
Management's outlook
The 10-Q does not provide new quantitative revenue or EPS guidance. The prior 8-K cited Q3 2026 guidance of $9.5 million-$10.0 million revenue and $(1.10)-$(0.90) EPS, but this filing does not explicitly reaffirm or update it.
Earlier filings 2
10-K · April 16, 2026
ConnectM positions itself as a diversified, AI-enabled platform for the modern energy economy across six reportable segments and highlights scale in data and connected assets. The filing emphasizes platform-driven…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.