← Back to daily list

CNTM · ConnectM Technology Solutions, Inc.

ConnectM Technology Solutions, Inc. develops, sells, and operates artificial intelligence enabled hardware and software for the modern energy economy in the United States and India. It operates through Owned Service Network, Managed Solutions, Distributed Energy & Renewables, Keen Labs, Logistics, Transportation, and other segments. The Owned Service Network segment consists of owned service providers who serve as a single point solution provider for enterprises, infrastructure providers, homeowners, and light commercial building owners for their electrification and decarbonization needs, including system design, installation, monitoring, maintenance and repair; and uses a technology platform, which provides maintenance, repair, and installation guidance and optimization. The Managed solutions segment provides third party residential and light commercial service. The Keen Labs segment focuses on the development of AI, control, and energy intelligence platforms includes industrial IoT hardware, the Hi-C line of hybrid energy storage systems, the Hi-E line of lithium iron phosphate long-duration and virtual power plant enabling storage systems, smart heat pumps, and connected vehicle technologies. The logistics segment focuses on the facilitation of business-to-business transportation of heavy goods using last-mile delivery software. The Transportation segment focuses on the sale of hardware, software and technical services for electric vehicles to original equipment manufacturers. The Distributed Energy and Renewables segments focuses on the delivery of solar energy and distributed energy solutions. The Other segment comprises corporate-level operations and the Company's Geo Impex landholding. It also provides electrification and decarbonization applications for residential and light commercial buildings; and OEMs offers smart features to their end customers. In addition, the company provides AI-enabled hardware components, including heat-pump controllers, batteries, digital control units, and vehicle modules. It serves service providers and end customers. ConnectM Technology Solutions, Inc. was founded in 2007 and is headquartered in Marlborough, Massachusetts.

Cap structure and valuation

Cap structure
SP$6.31
SO5.6M
Options0.5M
Warrants13.1M
FD SO19.2M
MC$121.0M
Cash$2.5M
Total debt$16.9M
EV$135.4M
TTM Multiples
EV / Revenue3.9x
EV / EBITDA
MC / Net Income
EV / FCF
MC / FCF
Ownership & coverage
Institutional0.0%
Insiders44.6%
# Institutions0
Analysts0
Consensus
Avg target
Short % float
Days to cover

MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-26. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest shown as "—" when unreported or older than 60 days.

Debt figure uncertain — $5.5M of liabilities are neither recognized debt nor a named non-debt item. Verify against the filing before relying on EV.

Financial statements

LTM12/31/2512/31/2412/31/2312/31/22
Total Revenue 35.0235.8422.6519.97
Revenue YoY % (2.3%)58.2%13.4%
Cost of Revenue 24.7024.3716.7114.93
Gross Profit 10.3211.475.955.04
Gross Profit YoY % (10.0%)92.8%18.1%
Gross Margin % 29.5%32.0%26.3%25.2%
SG&A 22.3123.5015.1512.322.10
Operating Expense 22.8524.0517.5512.50
Operating Income (12.54)(12.59)(11.60)(7.46)(2.10)
Operating Income YoY % 0.4%(8.5%)(55.4%)(255.7%)
Operating Margin % (35.8%)(35.1%)(51.2%)(37.4%)
EBITDA (11.59)(11.77)(10.86)(6.69)
EBITDA Margin % (33.1%)(32.8%)(47.9%)(33.5%)
Interest Expense 1.141.302.711.43
Other Income / (Expense) (2.09)(2.18)(8.19)0.61(1.42)
Pretax Income (15.77)(16.07)(22.51)(8.29)(3.52)
Tax Provision (0.02)(0.02)0.000.910.24
Net Income (15.75)(16.06)(22.51)(9.20)(3.76)
Net Income to Common (16.17)(16.25)(22.57)(9.15)(3.76)
Net Margin % (45.0%)(44.8%)(99.4%)(46.1%)
Diluted EPS -$7.19-$1.18-$0.69
Basic EPS -$8.38-$7.19-$1.18-$0.69
Diluted Avg Shares 2.319.113.3
Basic Avg Shares 5.22.319.113.3

Insider activity (last 2 years)

Date Filed Reporter Relationship Trans. Date Code Shares Price Total Value
2026-06-22 Choudhury Mahesh Officer (Principal Financial Officer) 2026-06-18 P 600 $4,576.00 $2,745,600
2026-06-22 Choudhury Mahesh Officer (Principal Financial Officer) 2026-06-15 P 537 $3,620.00 $1,943,940
2026-06-22 Panigrahi Bhaskar Director, Officer (Chief Executive Officer) 2026-06-11 P 2,050 $14,280.00 $29,274,000
2026-06-22 Panigrahi Bhaskar Director, Officer (Chief Executive Officer) 2026-06-10 P 1,309 $8,887.00 $11,633,083
2026-06-22 Choudhury Mahesh Officer (Principal Financial Officer) 2026-06-10 P 50 $327.00 $16,350
2026-06-22 Choudhury Mahesh Officer (Principal Financial Officer) 2026-06-09 P 500 $3,456.00 $1,728,000
2026-06-22 Choudhury Mahesh Officer (Principal Financial Officer) 2026-06-08 P 950 $6,580.00 $6,251,000
2026-06-08 Choudhury Mahesh Officer (Principal Financial Officer) 2026-06-03 P 1,040 $0
2026-06-08 Choudhury Mahesh Officer (Principal Financial Officer) 2026-06-03 P 2,421 $0
2026-06-08 Choudhury Mahesh Officer (Principal Financial Officer) 2026-06-03 P 2,246 $0
2026-06-08 Choudhury Mahesh Officer (Principal Financial Officer) 2026-06-02 P 4,635 $0
2025-12-11 Panigrahi Bhaskar Director, Officer (See Remarks) 2025-11-28 P 194,900 $0.22 $42,878
2025-12-11 Panigrahi Bhaskar Director, Officer (See Remarks) 2025-11-28 P 102,500 $0.24 $24,600
2025-12-11 Choudhury Mahesh Officer (See Remarks) 2025-11-28 P 65,001 $0.22 $14,300
2025-12-11 Choudhury Mahesh Officer (See Remarks) 2025-10-20 A 50,000 $0
2025-12-11 Choudhury Mahesh Officer (See Remarks) 2025-06-23 A 400,000 $0
2024-12-23 Choudhury Mahesh Officer (See Remarks) 2024-12-20 P 27,800 $30,218.00 $840,060,400
2024-12-23 Panigrahi Bhaskar Director, Officer (See Remarks), 10% Owner 2024-12-20 A 28,589 $29,643.00 $847,463,727
2024-12-23 Panigrahi Bhaskar Director, Officer (See Remarks), 10% Owner 2024-12-20 A 8,000 $9,123.00 $72,984,000
2024-12-23 Choudhury Mahesh Officer (See Remarks) 2024-12-19 P 4,300 $4,513.00 $19,405,900
2024-12-23 Panigrahi Bhaskar Director, Officer (See Remarks), 10% Owner 2024-12-19 A 103,000 $84,405.00 $8,693,715,000
2024-12-23 Panigrahi Bhaskar Director, Officer (See Remarks), 10% Owner 2024-12-19 A 3,500 $2,729.00 $9,551,500
2024-12-23 Panigrahi Bhaskar Director, Officer (See Remarks), 10% Owner 2024-12-19 A 3,000 $2,460.00 $7,380,000
2024-12-23 Choudhury Mahesh Officer (See Remarks) 2024-12-18 P 6,900 $5,682.00 $39,205,800
2024-12-23 Panigrahi Bhaskar Director, Officer (See Remarks), 10% Owner 2024-12-18 A 60,921 $46,754.00 $2,848,300,434
2024-12-23 Panigrahi Bhaskar Director, Officer (See Remarks), 10% Owner 2024-12-18 A 5,000 $3,722.00 $18,610,000
2024-12-23 Panigrahi Bhaskar Director, Officer (See Remarks), 10% Owner 2024-12-18 A 3,500 $2,625.00 $9,187,500
2024-09-20 Choudhury Mahesh Officer (See Remarks) 2024-09-13 P 3,330 $3,763.00 $12,530,790
2024-09-20 Choudhury Mahesh Officer (See Remarks) 2024-09-12 P 15,400 $17,860.00 $275,044,000
2024-09-20 Panigrahi Bhaskar Director, Officer (See Remarks) 2024-09-12 P 30,000 $33,546.00 $1,006,380,000
2024-09-12 Choudhury Mahesh Officer (See Remarks) 2024-09-11 P 11,500 $13,731.00 $157,906,500
2024-09-12 Panigrahi Bhaskar Director, Officer (See Remarks) 2024-09-11 P 45,944 $49,917.00 $2,293,386,648
2024-09-12 Choudhury Mahesh Officer (See Remarks) 2024-09-10 P 26,500 $30,774.00 $815,511,000
2024-09-12 Choudhury Mahesh Officer (See Remarks) 2024-09-09 P 1,300 $1,391.00 $1,808,300
2024-09-12 Choudhury Mahesh Officer (See Remarks) 2024-09-06 P 14,600 $14,522.00 $212,021,200
2024-09-12 Panigrahi Bhaskar Director, Officer (See Remarks) 2024-09-06 P 23,000 $23,298.00 $535,854,000
2024-09-10 Choudhury Mahesh Officer (See Remarks) 2024-09-05 P 42,400 $40,280.00 $1,707,872,000
2024-09-10 Panigrahi Bhaskar Director, Officer (See Remarks) 2024-09-04 P 65,274 $57,441.00 $3,749,403,834
2024-09-10 Choudhury Mahesh Officer (See Remarks) 2024-09-04 P 36,196 $31,852.00 $1,152,914,992
2024-09-06 Choudhury Mahesh Officer (See Remarks) 2024-09-03 P 69,542 $61,892.00 $4,304,093,464
2024-09-04 Panigrahi Bhaskar Director, Officer (See Remarks) 2024-08-29 P 73,680 $65,122.00 $4,798,188,960
2024-07-16 Cuocolo Kathleen C Director 2024-07-12 C 25,000 $0
2024-07-16 Cuocolo Kathleen C Director 2024-07-12 J (25,000) $-0
2024-07-16 Cuocolo Kathleen C Director 2024-07-12 J 25,000 $0
2024-07-16 Cuocolo Kathleen C Director 2024-07-12 C (25,000) $-0
2024-07-16 Markscheid Stephen Director 2024-07-12 C 25,000 $0
2024-07-16 Markscheid Stephen Director 2024-07-12 J (25,000) $-0
2024-07-16 Markscheid Stephen Director 2024-07-12 J 25,000 $0
2024-07-16 Markscheid Stephen Director 2024-07-12 C (25,000) $-0
2024-07-16 Padmakumar Bala Director, Officer (See Remarks), 10% Owner 2024-07-12 C 1,625,000 $0
2024-07-16 Padmakumar Bala Director, Officer (See Remarks), 10% Owner 2024-07-12 J (1,625,000) $-0
2024-07-16 Padmakumar Bala Director, Officer (See Remarks), 10% Owner 2024-07-12 J 1,625,000 $0
2024-07-16 Padmakumar Bala Director, Officer (See Remarks), 10% Owner 2024-07-12 C (1,625,000) $-0
2024-07-16 Padmakumar Bala Director, Officer (See Remarks), 10% Owner 2024-07-12 J 3,040,000 $1.00 $3,040,000
2024-07-16 Padmakumar Bala Director, Officer (See Remarks), 10% Owner 2024-07-12 J (3,040,000) $-0
2024-07-16 Padmakumar Bala Director, Officer (See Remarks), 10% Owner 2024-07-12 J 3,040,000 $0
2024-07-16 Padmakumar Bala Director, Officer (See Remarks), 10% Owner 2024-07-12 J 750,000 $1.00 $750,000
2024-07-16 Panigrahi Bhaskar Director, Officer (See Remarks), 10% Owner 2024-07-12 A 254,647 $0
2024-07-16 Panigrahi Bhaskar Director, Officer (See Remarks), 10% Owner 2024-07-12 A 3,208,421 $0
2024-07-16 Panigrahi Bhaskar Director, Officer (See Remarks), 10% Owner 2024-07-12 A 377,239 $0
2024-07-16 Panigrahi Bhaskar Director, Officer (See Remarks), 10% Owner 2024-07-12 A 127,838 $0
2024-07-16 Choudhury Mahesh Officer (See Remarks) 2024-07-12 A 52,709 $0
2024-07-16 Choudhury Mahesh Officer (See Remarks) 2024-07-12 A 24,910 $0
2024-07-16 Subramanya Girish Officer (See Remarks) 2024-07-12 A 431,775 $0
2024-07-16 Stateham Kevin Officer (See Remarks) 2024-07-12 A 24,910 $0