Elauwit Reports 154% Revenue Surge and 151% Recurring Service Growth
Elauwit Connection reported a 154% jump in 2025 revenue to $21.6 million, with recurring service revenue up 151% and gross profit rising to $4.0 million. Contracted units increased to 34,067, activated units to 22,255, and billed units to 16,445 as a new sales team targets up to 12 million units.
1. Full Year 2025 Financial Performance
Elauwit’s full year 2025 revenue rose 154% to $21.6 million, up from $8.5 million in 2024, while gross profit climbed to $4.0 million. The company reported a net loss of $4.2 million and an adjusted EBITDA loss of $3.7 million for the year.
2. Operational Unit Growth
Contracted units increased to 34,067 at year-end from 25,375 a year earlier, activated units grew to 22,255 versus 11,588, and billed units reached 16,445 compared with 9,279 at the end of 2024.
3. Sales Team Expansion and Future Opportunities
During the first eight weeks of 2026, the newly launched sales team identified approximately 8,000 units for bidding and is targeting properties representing up to 12 million units across a $25 billion addressable market.