ConnectM reported Q3 revenue of $8.71 million, a 45% YoY increase, led by Logistics and Owned Service Network segments. Despite a net loss of $1.15 million, the company improved its bottom line significantly compared to Q3 2024. Operating loss narrowed, aided by gains on extinguishment of vendor and debt obligations.

The company posted a revenue increase to $8.51 million in Q2 2025 driven by growth in its Logistics and Owned Service Network segments. However, high operating expenses and impairment charges led to a significant net loss of $3.41 million and a negative EPS.

Revenue grew by 67% year-over-year in Q1 2025, primarily driven by the new Logistics segment. However, the company reported a net loss of $7 million, driven by losses on debt extinguishment, derivative liabilities, and increased marketing and administrative expenses.