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ConnectM Technology Solutions Inc

connectm.com

What Do They Do?

Provides electrification and HVAC services, connected-vehicle technology, and last-mile delivery and dispatch services to homeowners and businesses, service providers, and vehicle makers and fleet operators.

Who Are Their Customers?

ConnectM works with residential and commercial service providers to install electrification systems and provide ongoing services; vehicle makers and fleet operators use its connected-vehicle products, and delivery customers access services through DeliveryCircle.

Do Revenues Turn Into Profits?

No. It lost $16.2M in FY2025.

Operating income, FY2025
−35% of revenue
▲ +8% (Loss) vs FY2024 (−$11.6M, −51%)
Net income, FY2025
−45% of revenue
▼ −28% (Loss) vs FY2024 (−$22.6M, −100%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +24%
vs $7.9M in Q2 FY2025
Net income
▲ Now profitable
vs −$4.8M in Q2 FY2025
Owned Service Network share of revenue vs 55.8% in Q2 FY2025
  • Aug 10, 2026 Exchanged its India operating business for Blue Cloud shares ConnectM transferred its interest in Global Impx in a non-cash share exchange and retained access to defined fleet, operational and platform data.
  • Jul 28, 2026 Acquired Blue Ribbon Ice, a commercial field-service dispatch platform The platform matches commercial HVAC, refrigeration and facility-service demand with a network of independent contractors.

From acquisition search to operating platform The earlier report described a blank-check company seeking a business combination, while the latest describes an operating portfolio spanning energy services, connected-asset technology, transportation and delivery logistics.

Revenue over time
Owned Service Network Managed Solutions Logistics Transportation Distributed Energy & Renewables
$50M$25M$0

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