ConnectM Q2 FY26 operating loss narrows to $2.92 million; revenue rises 24% to $9.79 million

Reuters2026/08/24 10:10

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ConnectM posted revenue of $9.79 million, up 24% year over year, with net loss narrowing to $1.17 million.
Gross profit slipped 3% to $2.8 million, with gross margin falling 7.9 percentage points to 28.6%.
Adjusted EBITDA loss widened to $2.78 million from $3.37 million, despite SG&A dropping 16% to $5.4 million.
Logistics produced $3.63 million of revenue, while Keen Labs generated $3.85 million; the two segments made up about 76% of sales.
Completed the Blue Cloud share swap on June 17, deconsolidating India operations and recording a non-cash gain of about $14.15 million, net of tax.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ConnectM Technology Solutions Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-099803), on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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ConnectM Q2 FY26 operating loss narrows to $2.92 million; revenue rises 24% to $9.79 million

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