Tearsheet

Elauwit Connection (ELWT)


Market Price (4/22/2026): $6.87 | Market Cap: $45.5 Mil
Sector: Communication Services | Industry: Integrated Telecommunication Services

Elauwit Connection (ELWT)


Market Price (4/22/2026): $6.87
Market Cap: $45.5 Mil
Sector: Communication Services
Industry: Integrated Telecommunication Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 165%

Megatrend and thematic drivers
Megatrends include Real Estate Connectivity & Smart Buildings. Themes include MDU Managed Wi-Fi Solutions, In-Building Network Infrastructure for MDUs, and Smart MDU Technology Enablement.

Weak multi-year price returns
2Y Excs Rtn is -45%, 3Y Excs Rtn is -76%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -2.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -12%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -25%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12%

Key risks
ELWT key risks include [1] intense competition from established telecommunication providers, Show more.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 165%
1 Megatrend and thematic drivers
Megatrends include Real Estate Connectivity & Smart Buildings. Themes include MDU Managed Wi-Fi Solutions, In-Building Network Infrastructure for MDUs, and Smart MDU Technology Enablement.
2 Weak multi-year price returns
2Y Excs Rtn is -45%, 3Y Excs Rtn is -76%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -2.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -12%
4 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -25%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12%
6 Key risks
ELWT key risks include [1] intense competition from established telecommunication providers, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Elauwit Connection (ELWT) stock has gained about 35% since 12/31/2025 because of the following key factors:

1. Elauwit Connection reported exceptional revenue growth for the full fiscal year 2025 and the fourth quarter of 2025. The company's total revenue increased by a substantial 154% to $21.6 million for the full fiscal year ending December 31, 2025, compared to $8.5 million in 2024. Furthermore, revenue for the fourth quarter of 2025 rose by 85% year-over-year, reaching $6.1 million. This significant top-line expansion was primarily driven by increased unit activations and recurring services, with recurring service revenue increasing 151% year-over-year.

2. The company demonstrated robust operational expansion by the end of 2025. Elauwit Connection's contracted units grew by 34% to 34,067, activated units increased by 92% to 22,255, and billed units saw a 77% rise to 16,445. These metrics highlight the company's success in securing new business and converting installations into steady, recurring revenue streams, indicating strong business performance and market penetration.

Show more
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 35.1% change in ELWT stock from 12/31/2025 to 4/21/2026 was primarily driven by a 17.7% change in the company's P/S Multiple.
(LTM values as of)123120254212026Change
Stock Price ($)5.076.8535.1%
Change Contribution By: 
Total Revenues ($ Mil)202313.9%
P/S Multiple1.72.017.7%
Shares Outstanding (Mil)770.7%
Cumulative Contribution35.1%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/21/2026
ReturnCorrelation
ELWT35.1% 
Market (SPY)-5.4%10.9%
Sector (XLC)-0.5%2.3%

Fundamental Drivers

null
null

Market Drivers

9/30/2025 to 4/21/2026
ReturnCorrelation
ELWT  
Market (SPY)-2.9%-1.6%
Sector (XLC)-0.7%-1.4%

Fundamental Drivers

null
null

Market Drivers

3/31/2025 to 4/21/2026
ReturnCorrelation
ELWT  
Market (SPY)16.3%-1.6%
Sector (XLC)22.6%-1.4%

Fundamental Drivers

null
null

Market Drivers

3/31/2023 to 4/21/2026
ReturnCorrelation
ELWT  
Market (SPY)63.3%-1.6%
Sector (XLC)108.2%-1.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ELWT Return-----30%31%-8%
Peers Return11%-46%-4%48%13%16%12%
S&P 500 Return27%-19%24%23%16%4%89%

Monthly Win Rates [3]
ELWT Win Rate----0%75% 
Peers Win Rate49%31%52%52%48%56% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
ELWT Max Drawdown-----36%-18% 
Peers Max Drawdown-11%-53%-39%-39%-37%-15% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SMRT, T, LUMN, UNIT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/21/2026 (YTD)

How Low Can It Go

ELWT has limited trading history. Below is the Communication Services sector ETF (XLC) in its place.

Unique KeyEventXLCS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-47.2%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven89.5%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven602 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-30.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven43.2%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven112 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-24.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven32.9%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven326 days120 days

Compare to SMRT, T, LUMN, UNIT

In The Past

The Communication Services Select Sector SPDR Fund's stock fell -47.2% during the 2022 Inflation Shock from a high on 9/1/2021. A -47.2% loss requires a 89.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Elauwit Connection (ELWT)

We are a provider of broadband Internet networks for the multifamily and student housing property sector. We provide Managed Services and Network-as-a-Service solutions designed to modernize and enhance the Internet connectivity experience for residents while driving significant financial benefits for property owners. We strive to be a leading player in a booming multifamily property conversion trend through service commitment, operational experience and flexibility. Key highlights of our business and market opportunity include: · There is an untapped market to fulfill major demand for network services in multifamily housing units: o According to market estimates from the National Multifamily Housing Council (NMHC), there are approximately 23 million apartment units in the U.S, and we estimate 55% of those units are well-suited for our network services. o Through our own market research using data provided by CoStar, a platform that provides comprehensive commercial real estate information, we estimate there are 12 million units in our addressable market of properties with 100 properties or more for overbuilds, or installing our network in a multifamily building with an existing network. o According to the National Apartment Association, the United States needs to build more than 4.6 million new apartment homes at a minimum, with as many as 11.7 million needed by 2030. · The number of opportunities that we estimate can begin generating revenue for us within the next 24 months (our “pipeline”) is rapidly growing due to our longstanding relationships and expanding customer base. From both existing and new customer relationships, we are currently tracking over 400 opportunities in our Managed Service pipeline representing an estimated $110 million of potential network construction revenue and an estimated $23 million in annual recurring revenue, if we were able to successfully complete all of these opportunities. We have also identified approximately 265,000 units in our near-term Network-as-a-Service pipeline, based on ongoing, active discussions with approximately 10 property ownership groups, which we estimate could represent approximately $150 million in annual recurring revenue, based on an estimated monthly fee of approximately $45 per unit. We do not have any contracts with customers for opportunities in our pipeline. · We have a strong reputation for execution, customer satisfaction and top-notch support from our current business and our management team’s association with Elauwit Networks, LLC, which was acquired by Boingo Wireless, Inc. (“Boingo”) for total consideration of approximately $28.6 million in August 2018. · Our resident experience focused service offering helps our property owner customers differentiate their communities through our high-speed, instant-on, internet access approach paired with customer support developed to deliver timely, wholistic support. · We have a highly repeatable and efficient network installation process, where we install fiber or switched ethernet to each unit in a multifamily property. Once our network is installed, we achieve 100% penetration of our network to the units. · Once our network is installed, we have the opportunity to collect high margin, recurring revenue streams with ongoing service packages. If we are able to appropriately scale our business, we believe we could achieve up to 70% and 75% gross margin in our Managed Services and Network-as-a-Service lines of business, respectively. · We view the fragmented competitive landscape as ripe for consolidation. We have identified over 40 competitors as potential acquisition opportunities we plan to explore. We design, install, operate, and maintain new fiber optic and WiFi networks throughout each contracted property. Once installed, property owners begin selling Internet connectivity over our network directly to their residents at monthly prices and terms of their choosing. We, in turn, provide all resident activation, onboarding, customer support, and all network monitoring and maintenance services in exchange for a fixed monthly fee based on the number of units in the property times a monthly per-unit wholesale price. Our contracts with property owners generally have five to eight-year terms. By implementing Elauwit’s network and services, multifamily property owners: · Bring the latest fiber-based Internet connectivity and WiFi services to their entire property, which has become an important factor in a property’s appeal to current and potential residents, · Provide residents with directly connected upload and download speeds of 1 gigabit per second (“Gbps”) as generally measured by the industry, plus both in-unit and all-property WiFi connectivity averaging between 200 and 500 Mbps as generally measured by the industry, plus 24/7 customer service and support provided by Elauwit, · Increase their per-unit contribution to net operating income by the difference between the monthly retail rate they charge to residents and our monthly wholesale fee to them, and · Reduce duplicative operating expenses by moving over technology assets and services to Elauwit. Our mission is to be the leading experience provider of Internet access solutions. For our property ownership clients, this means clear communication and timely execution. For the end users of our service, residents and their guests, this means dedication to the objective of providing an excellent resident experience. We differentiate ourselves in the area of resident experience by building reliable networks, responding to service requests quickly, establishing support protocols that lead to industry-leading first touch resolution metrics, and communicating effectively with key stakeholders throughout. We closely monitor the challenges and needs of development and ownership groups in the real estate sectors in focus. A continued theme has been the fragmented market of service providers in the space in which we operate and issues stemming out of such. We view these issues to be a large opportunity for our business and an indication that consolidation is likely in the near future. We aim to be a driver of consolidation. --- Our company was incorporated on May 15, 2024, in the State of Delaware as DeltaMax, Inc. Effective September 13, 2024, Elauwit Connection, Inc., a company incorporated on December 4, 2019 in the State of Delaware, merged with and into us with us as the surviving entity, where we will continue the business of Elauwit Connection, Inc. Also on September 13, 2024, we changed our name to Elauwit Connection, Inc. to reflect the nature of the business of the merged corporation. Our principal address is in Columbia, SC.

AI Analysis | Feedback

Here are 1-3 brief analogies for Elauwit Connection (ELWT):

  • A Stripe for internet services in apartment buildings.

  • A managed Xfinity or Verizon Fios specifically for apartment complexes.

  • A Square for apartment building internet networks.

AI Analysis | Feedback

  • Managed Services: Elauwit designs, installs, operates, and maintains high-speed fiber and WiFi networks for multifamily and student housing properties, handling resident support and network management while property owners directly sell internet access to their residents for a wholesale fee.
  • Network-as-a-Service (NaaS) Solutions: Elauwit provides comprehensive, fully managed broadband internet network infrastructure and operational services for property owners in the multifamily and student housing sector, structured with a recurring per-unit fee model.

AI Analysis | Feedback

Major Customers of Elauwit Connection (ELWT)

Elauwit Connection (ELWT) sells its broadband Internet network and managed services primarily to other companies, not directly to individual consumers.

The provided company description does not list the names of any specific major customer companies. However, the company explicitly states that its customers are:

  • Property owners and property ownership groups: These entities operate in the multifamily and student housing property sector. Elauwit Connection contracts with these property owners to design, install, operate, and maintain fiber optic and WiFi networks within their properties. The property owners then sell internet connectivity over Elauwit's network directly to their residents.

AI Analysis | Feedback

null

AI Analysis | Feedback

Barry Rubens Chief Executive Officer

Barry Rubens has served as Elauwit Connection, Inc.'s Chief Executive Officer and as a director since December 2019, and is a Co-Founder of the company. He was previously the Chief Executive Officer of Elauwit 1.0 from 2012 until its acquisition by Boingo Wireless in August 2018. From August 2018 to December 2019, Mr. Rubens served as Senior Vice President - Development at Boingo. Prior to that, he founded Davidson Telecom, LLC, a company providing telecommunications services for large shopping mall developers. Between 1993 and 2002, Mr. Rubens served in various roles, including Senior Vice President and Chief Financial Officer, at CT Communications, Inc. (CTCI), where he was responsible for leading the company's public offering and Nasdaq listing. He is also a Managing Member of Baron Hunter Group, LLC.

Sean Arnette Chief Financial Officer and Treasurer

Sean Arnette has served as Elauwit Connection, Inc.'s Chief Financial Officer and Treasurer since January 2020. His previous roles include Vice President of Corporate Development at Alabama Shipyard, LLC from 2019 to 2020, and Vice President, Private Wealth Management at Citizens Bank from 2014 to 2018. Mr. Arnette also worked at J.P. Morgan as a Private Wealth Management Associate, Private Bank from 2012 to 2014, and at Barclays as an Investment Banking Associate, Global Mergers and Acquisitions from 2011 to 2012.

Dan McDonough, Jr. Executive Chairman

Dan McDonough, Jr. has served as Executive Chairman of Elauwit Connection, Inc. since its inception in December 2019. He founded the original Elauwit, LLC in 2002 and Elauwit 1.0 in 2008. Mr. McDonough was the Chief Executive Officer of Elauwit 1.0 until 2012 when he became Executive Chairman. In 2018, Elauwit 1.0 sold the majority of its assets to Boingo Wireless. Before founding Elauwit, LLC, he held news executive positions at Dow Jones & Company, Inc. and Gannett Co., Inc. He also led a start-up community newspaper publishing business that was named the fastest-growing newspaper publisher in America in 2009.

Sebastian Shahvandi Chief Growth Officer

Sebastian Shahvandi was appointed Chief Growth Officer of Elauwit Connection, Inc., effective November 6, 2025. He brings more than two decades of executive experience in scaling technology, telecom, and enterprise service organizations, including those backed by private equity. Most recently, he served as Chief Executive Officer of 7SIGNAL. His career also includes senior revenue and growth roles at IDeaS Revenue Solutions, Chief Revenue Officer at Hypori, and leadership positions at IMPRES Technology Solutions and Dell Technologies, where he received the Michael Dell Award. Mr. Shahvandi also founded HNM Technologies in 2000, serving as its CEO until 2009.

Taylor Jones President and Chief Technology Officer

Taylor Jones serves as the President and Chief Technology Officer of Elauwit Connection, Inc. He has over 20 years of experience as a leader in the telecommunications industry.

AI Analysis | Feedback

```html

Key Business Risks for Elauwit Connection (ELWT)

  1. Inability to Convert Pipeline Opportunities into Secured Contracts: Elauwit Connection's future revenue projections, including an estimated $110 million in potential network construction revenue and $23 million in annual recurring revenue from its Managed Service pipeline, along with approximately $150 million in annual recurring revenue from its Network-as-a-Service pipeline, are based on opportunities for which the company explicitly states, "We do not have any contracts with customers for opportunities in our pipeline." This significant lack of binding agreements for its substantial pipeline represents a primary risk, as the realization of these estimated revenues is entirely contingent upon successfully negotiating and securing contracts.
  2. Intense Competition in a Fragmented Market: Elauwit Connection operates in a market characterized by significant fragmentation, with the company acknowledging "over 40 competitors" and viewing the landscape as "ripe for consolidation." While Elauwit aims to be a consolidator, the existence of numerous competitors poses a substantial risk. This competitive environment could lead to pricing pressures, increased difficulty in securing new customer contracts, or the loss of market share to rivals offering similar or differentiated services, potentially hindering Elauwit's growth and profitability.
  3. Dependence on Property Owners for End-User Sales and Satisfaction: Elauwit Connection's business model relies on property owners adopting its network and then directly selling internet connectivity services to residents. Although Elauwit provides the network infrastructure and comprehensive customer support, its recurring revenue streams are dependent on the property owners' effectiveness in marketing and selling these services to residents, as well as the overall satisfaction of the end-users. Should property owners struggle with sales, experience low occupancy rates, or if resident satisfaction declines, it could negatively impact property owners' willingness to continue or renew contracts with Elauwit, thereby affecting Elauwit's long-term revenue stability.
```

AI Analysis | Feedback

null

AI Analysis | Feedback

Elauwit Connection (symbol: ELWT) operates in the United States and identifies several addressable markets for its broadband Internet networks and services in the multifamily and student housing property sectors. The company estimates that approximately 12.65 million apartment units in the U.S. are well-suited for their network services, based on 55% of the estimated 23 million apartment units in the U.S.. Additionally, Elauwit Connection's market research, utilizing data from CoStar, suggests an addressable market of 12 million units in the U.S. for properties with 100 or more units, specifically for overbuilds (installing their network in buildings with an existing network). Furthermore, Elauwit Connection also targets a $25 billion addressable market related to expanding its services under a Network-as-a-Service (NaaS) model.

AI Analysis | Feedback

Elauwit Connection (ELWT) is poised for future revenue growth over the next 2-3 years, driven by several key factors in the multifamily and student housing broadband market. Here are the expected drivers of future revenue growth:
  • Expansion into a Large and Growing Addressable Market: Elauwit Connection is targeting a significant market opportunity within the multifamily and student housing sectors. The company estimates approximately 12 million units in its addressable market for properties with 100 or more units in the U.S., suitable for network overbuilds. The broader market for network services in multifamily housing presents a substantial demand, with market estimates from the National Multifamily Housing Council (NMHC) indicating approximately 23 million apartment units in the U.S. and a need for over 4.6 million new apartment homes by 2030. Elauwit aims to capitalize on this $25 billion opportunity, with new multifamily properties continuously being built.
  • Conversion of a Robust Sales Pipeline into Active Contracts and Recurring Revenue: The company has a rapidly growing pipeline of opportunities. Its Managed Service pipeline includes over 400 opportunities, representing an estimated $110 million in potential network construction revenue and $23 million in annual recurring revenue. Additionally, Elauwit has identified approximately 265,000 units in its near-term Network-as-a-Service pipeline, which could generate an estimated $150 million in annual recurring revenue. The company is focused on converting these opportunities into long-term contracts, with a primary objective of building out its monthly recurring revenue (MRR).
  • Realization of High-Margin Recurring Revenue from Fully Penetrated Units: Once Elauwit's network is installed in a property, it achieves 100% penetration of its network to the units. This model allows the company to collect high-margin, recurring revenue streams from ongoing service packages, with anticipated gross margins ranging from 60% to 75% in its Managed Services and Network-as-a-Service lines of business. These contracts typically have long terms, generally ranging from five to ten years, ensuring consistent revenue streams with low churn.
  • Strategic Consolidation of the Fragmented Competitive Landscape: Elauwit Connection views the highly fragmented competitive landscape as ripe for consolidation. The company has identified over 40 competitors as potential acquisition opportunities and intends to be a driver of this consolidation. This strategy could lead to increased market share, expanded customer bases, and enhanced operational efficiencies.

AI Analysis | Feedback

Share Issuance

  • Elauwit Connection completed its Initial Public Offering (IPO) on November 6, 2025, selling 1,667,000 shares of common stock at $9.00 per share, raising approximately $15.0 million in gross proceeds before deducting underwriting discounts and other expenses.
  • An additional 68,989 shares were sold at $9.00 per share on November 24, 2025, through the partial exercise of the underwriter's over-allotment option.
  • This over-allotment generated approximately $0.6 million in additional gross proceeds, bringing total IPO gross proceeds to about $15.6 million before underwriting discounts and offering expenses.

Inbound Investments

  • The company raised approximately $15.0 million in gross proceeds from its Initial Public Offering (IPO) in November 2025.
  • An additional $0.6 million in gross proceeds was raised in November 2025 through the partial exercise of the over-allotment option related to the IPO.
  • These funds were intended for debt repayment, Network-as-a-Service project deployments, sales and marketing organizational development, payment of deferred compensation, working capital, and general corporate purposes.

Capital Expenditures

  • Elauwit made a $500,000 investment in a 450-unit community in Fort Wayne, Indiana, for network deployment, projecting a 2.5-year payback.
  • The company plans to utilize net proceeds from its IPO for Network-as-a-Service project deployments.
  • Capital expenses are anticipated to increase in the future due to investments in network construction activities.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Elauwit Connection Earnings Notes12/16/2025
Title
0ARTICLES

Trade Ideas

Select ideas related to ELWT.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
META_3272026_Dip_Buyer_ValueBuy03272026METAMeta PlatformsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
8.8%8.8%0.0%
CARG_3062026_Insider_Buying_GTE_1Mil_EBITp+DE_V203062026CARGCarGurusInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
1.2%1.2%-8.3%
YELP_2132026_Dip_Buyer_High_CFO_Margins_ExInd_DE02132026YELPYelpDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
17.9%17.9%-5.7%
TRIP_2132026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG02132026TRIPTripadvisorDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
10.9%10.9%-3.9%
OMC_2062026_Dip_Buyer_FCFYield02062026OMCOmnicomDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
8.9%8.9%-3.7%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ELWTSMRTTLUMNUNITMedian
NameElauwit .SmartRentAT&T Lumen Te.Uniti  
Mkt Price6.851.4825.888.7311.728.73
Mkt Cap0.00.3183.78.73.03.0
Rev LTM23152125,64812,4022,2342,234
Op Inc LTM-3-3925,000-184474-3
FCF LTM-6-3019,442371-460-6
FCF 3Y Avg--2319,470178-17177
CFO LTM-6-2240,2844,738350350
CFO 3Y Avg--1639,1233,7443572,050

Growth & Margins

ELWTSMRTTLUMNUNITMedian
NameElauwit .SmartRentAT&T Lumen Te.Uniti  
Rev Chg LTM165.3%-12.9%2.7%-5.4%91.5%2.7%
Rev Chg 3Y Avg-0.7%1.3%-10.7%31.6%1.0%
Rev Chg Q83.3%3.1%3.6%-8.7%212.7%3.6%
QoQ Delta Rev Chg LTM13.9%0.7%0.9%-2.3%38.7%0.9%
Op Inc Chg LTM13.4%6.5%3.6%-138.6%-21.9%3.6%
Op Inc Chg 3Y Avg-22.8%3.0%-87.5%-6.5%-1.7%
Op Mgn LTM-12.4%-25.6%19.9%-1.5%21.2%-1.5%
Op Mgn 3Y Avg--22.6%19.9%3.5%41.6%11.7%
QoQ Delta Op Mgn LTM-4.4%6.1%0.4%-2.8%-15.0%-2.8%
CFO/Rev LTM-25.3%-14.2%32.1%38.2%15.7%15.7%
CFO/Rev 3Y Avg--10.2%31.7%28.7%25.9%27.3%
FCF/Rev LTM-25.3%-19.8%15.5%3.0%-20.6%-19.8%
FCF/Rev 3Y Avg--14.0%15.8%1.6%-8.4%-3.4%

Valuation

ELWTSMRTTLUMNUNITMedian
NameElauwit .SmartRentAT&T Lumen Te.Uniti  
Mkt Cap0.00.3183.78.73.03.0
P/S2.01.81.50.71.31.5
P/Op Inc-16.3-7.27.3-47.36.2-7.2
P/EBIT-15.3-4.75.4-6.11.7-4.7
P/E-13.7-4.68.4-5.02.3-4.6
P/CFO-7.9-13.04.61.88.51.8
Total Yield-7.3%-21.6%12.0%-20.0%44.1%-7.3%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg--6.5%13.1%-8.8%-9.7%-7.7%
D/E0.00.00.82.03.40.8
Net D/E-0.1-0.40.71.93.40.7

Returns

ELWTSMRTTLUMNUNITMedian
NameElauwit .SmartRentAT&T Lumen Te.Uniti  
1M Rtn2.7%-6.3%-7.6%34.5%56.1%2.7%
3M Rtn15.1%-14.0%11.5%9.0%56.3%11.5%
6M Rtn-4.9%0.7%1.6%21.8%109.3%1.6%
12M Rtn-4.9%85.9%2.6%184.4%54.6%54.6%
3Y Rtn-4.9%-38.1%67.1%291.5%156.7%67.1%
1M Excs Rtn-5.9%-14.9%-16.2%25.9%47.5%-5.9%
3M Excs Rtn11.2%-17.9%7.6%5.1%52.3%7.6%
6M Excs Rtn-10.9%-1.8%-5.6%20.5%101.4%-1.8%
12M Excs Rtn-38.6%53.1%-34.2%131.6%15.0%15.0%
3Y Excs Rtn-75.6%-110.6%-18.0%213.9%79.0%-18.0%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil2025
Single Segment4
Total4


Operating Income by Segment
$ Mil2025
Single Segment-3
Total-3


Short Interest

Short Interest: As Of Date3312026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 315202624.5%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity6.6 Mil
Short % of Basic Shares0.5%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/31/20260.3%7.6% 
12/8/202515.1%1.2%-11.8%
SUMMARY STATS   
# Positive220
# Negative001
Median Positive7.7%4.4% 
Median Negative  -11.8%
Max Positive15.1%7.6% 
Max Negative  -11.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202503/31/202610-K
09/30/202512/10/202510-Q
06/30/202511/04/2025424B3
03/31/202506/23/2025DRS/A
09/30/202403/30/202610-Q/A

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Rubens, Barry RChief Executive OfficerDirectBuy121620256.592,50016,47516,475Form
2McDonough, Daniel JrExecutive ChairmanDirectBuy121620256.505,00032,50032,500Form
3Berk, Frederick R DirectBuy121520256.501,0006,495410,283Form