ConnectM Technology Solutions, Inc. (CNTM) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
2 MOUNT ROYAL AVENUE, SUITE 550 MARLBOROUGH, MA 01752 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 17 - Construction Special Trade Contractors (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 2,408 | 6 | 6 | |||
| Cash and cash equivalent | 2,408 | 6 | 6 | |||
| Receivables | 1,897 | 62 | ||||
| Inventory, net of allowances, customer advances and progress billings | 551 | |||||
| Inventory | 551 | |||||
| Prepaid expense | 4 | 7 | ||||
| Contract with customer, asset, after allowance for credit loss | 207 | |||||
| Derivative instruments and hedges, assets | 1,471 | |||||
| Other undisclosed current assets | 1,798 | |||||
| Total current assets: | 8,331 | 72 | 13 | |||
| Noncurrent Assets | ||||||
| Finance lease, right-of-use asset, after accumulated amortization | 131 | |||||
| Operating lease, right-of-use asset | 221 | |||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 937 | |||||
| Intangible asset, including goodwill, after accumulated amortization | 3,136 | |||||
| Goodwill | 1,728 | |||||
| Intangible asset, excluding goodwill, after accumulated amortization | 1,408 | |||||
| Asset, held-in-trust | 78,703 | 94,210 | ||||
| Total noncurrent assets: | 4,425 | 78,703 | 94,210 | |||
| TOTAL ASSETS: | 12,757 | 78,775 | 94,223 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 10,497 | 3,116 | 1,426 | |||
| Accounts payable | 10,497 | |||||
| Accrued liabilities | 3,116 | 1,426 | ||||
| Deferred revenue | 602 | |||||
| Debt | 15,665 | |||||
| Derivative instruments and hedges, liabilities | 4,229 | |||||
| Other liabilities | 68 | |||||
| Due to related parties | ✕ | ✕ | ✕ | 10 | ||
| Other undisclosed current liabilities | 3,584 | 3,731 | 623 | |||
| Total current liabilities: | 34,578 | 6,915 | 2,058 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 1,395 | |||||
| Long-term debt, excluding current maturities | 1,304 | |||||
| Finance lease, liability | 92 | |||||
| Liabilities, other than long-term debt | 569 | 18,370 | 2,770 | |||
| Operating lease, liability | 135 | |||||
| Business combination, contingent consideration, liability | 434 | |||||
| Derivative instruments and hedges, liabilities | 18,370 | 2,770 | ||||
| Other undisclosed noncurrent liabilities | 3,680 | 3,680 | ||||
| Total noncurrent liabilities: | 1,965 | 22,050 | 6,450 | |||
| Total liabilities: | 36,543 | 28,965 | 8,508 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | (25,104) | (28,924) | (8,055) | |||
| Common stock | 3 | |||||
| Additional paid in capital | 20,153 | |||||
| Accumulated other comprehensive income | 166 | |||||
| Accumulated deficit | (45,426) | (28,924) | (8,055) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | ||||
| Equity, attributable to noncontrolling interest | 1,318 | |||||
| Other undisclosed equity | 78,733 | 93,769 | ||||
| Total equity: | (23,787) | 49,810 | 85,714 | |||
| TOTAL LIABILITIES AND EQUITY: | 12,757 | 78,775 | 94,223 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|---|
| Revenues | 22,653 | 55 | |||
| Other income | 55 | ||||
| Cost of revenue | (16,706) | ||||
| Gross profit: | 5,947 | 55 | |||
| Operating expenses | (17,549) | (2,981) | (2,098) | ||
| Other undisclosed operating loss | (55) | ||||
| Operating loss: | (11,602) | (2,981) | (2,098) | ||
| Nonoperating income (expense) | (10,906) | 4,551 | 1,290 | ||
| Investment income, nonoperating | 4,551 | 1,290 | |||
| Other nonoperating income | 83 | ||||
| Interest and debt expense | (2,714) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (25,222) | 1,571 | (809) | ||
| Other undisclosed loss from continuing operations before income taxes | (15,600) | (2,715) | |||
| Loss from continuing operations before income taxes: | (25,222) | (14,029) | (3,523) | ||
| Income tax expense | (914) | (241) | |||
| Loss from continuing operations: | (25,222) | (14,943) | (3,764) | ||
| Other undisclosed net income | 2,714 | ||||
| Net loss: | (22,508) | (14,943) | (3,764) | ||
| Net loss attributable to noncontrolling interest | (58) | ||||
| Net loss attributable to parent: | (22,566) | (14,943) | (3,764) | ||
| Preferred stock dividends and other adjustments | (15,026) | ||||
| Undistributed earnings (loss) allocated to participating securities, basic | 14,943 | ||||
| Other undisclosed net loss available to common stockholders, basic | (14,943) | ||||
| Net loss available to common stockholders, diluted: | (22,566) | (14,943) | (18,790) | ||
Comprehensive Income ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|---|
| Net loss: | (22,508) | (14,943) | (3,764) | ||
| Other undisclosed comprehensive loss | (6) | ||||
| Comprehensive loss: | (22,514) | (14,943) | (3,764) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (58) | ||||
| Comprehensive loss, net of tax, attributable to parent: | (22,572) | (14,943) | (3,764) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.