ConnectM Technology Solutions Reports 45% Revenue Growth in Q3 2025

Reuters11-18
ConnectM Technology Solutions Reports 45% Revenue Growth in Q3 2025

ConnectM Technology Solutions Inc. reported a 45.0% increase in revenue for the third quarter of 2025, with continued growth in its Logistics and Owned Service Network segments. Selling, general and administrative expenses rose by 31.0% to approximately $5.7 million. The company reported a net loss of about $1.0 million for the quarter, a reduction from the net loss of $9.9 million in the same period in 2024. As of September 30, 2025, cash on hand was approximately $2.2 million. During 2025, ConnectM resolved or restructured over $10.0 million of obligations and reduced the fair value of convertible debt by more than half compared to year-end 2024 levels. The company is investing in platforms such as Keen Labs, Geo Impex, and Amperics.

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