ELWT
Elauwit Connection, Inc. Common StockCommunication Services·Telecommunications Services
$7.51
$39M market cap
Revenue
$9.1M
Free Cash Flow
$-6.9M
Rev Growth
+0.0%
FCF Margin
-75.7%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Elauwit Connection, Inc. provides broadband internet network for the multifamily and student housing property sectors in the United States. The company designs, installs, operates, and maintains fiber optics and WiFi networks throughout each contracted property, as well as offers bandwidth, 24/7 network monitoring, network maintenance, and resident support services. It provides its services to wholesale, REITs, property ownership groups, and property management companies. The company was founded
2-Year Price History
$7.20+1.1%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 4.4 | -2.2 | -2.2 | -2.2 | -2.5 | -2.5 | -0.0 | 3.5 | 1.9 | 6.6 | -468.3% | -- | -- |
| Act | 2025-Q4 | 4.7 | -3.6 | -3.6 | -3.7 | -4.4 | -4.4 | -0.0 | 6.2 | 2.0 | 5.3 | -419.7% | -62.5x | -- |
Valuation & Metrics
Market Stats
Price$7.51
Market Cap$39M
Enterprise Value$38M
P/S Ratio4.3x
P/FCF--
EV/FCF--
FCF Margin (TTM)-75.7%
FCF Yield-17.5%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$9.1M
Net Income$-5.8M
Free Cash Flow$-6.9M
Revenue Growth (YoY)+0.0%
EBITDA Margin-63.8%
Net Margin-64.1%
FCF Margin-75.7%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC-444.0%
WC Change % Rev-16.8%
Interest Coverage-100.2x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.0
Change (vs Prior)+1.2%
Need at least 2 settlement dates for chart
Employees
Headcount20
Revenue / Employee$455,450
Gross Profit / Employee$-2,050
Cash Runway
6.2months
CRITICAL
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
7.0%(-1.6% YoY)
6 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.6%(+0.6% YoY)
4 filers
Vanguard, iShares, SPDR
Market makers
0.0%(+0.0% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BARD ASSOCIATES INC | $2.5M | $5.42 | +$1.0M | +$2.5M | -7.1% | $398M |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $102K | $5.93 | +$102K | +$102K | +2.3% | $1.61T |
| Paloma Partners Management Co | $89K | $5.07 | −$112K | +$89K | +0.7% | $114M |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $72K | $5.93 | +$72K | +$72K | — | $4.04T |
| RENAISSANCE TECHNOLOGIES LLC | $66K | $5.93 | +$66K | +$66K | +1.2% | $63.91B |
| Pekin Hardy Strauss, Inc. | $59K | $5.93 | +$59K | +$59K | +0.0% | $954M |
| Cambridge Investment Research Advisors, Inc. | $59K | $5.93 | +$59K | +$59K | -0.4% | $38.49B |
| VANGUARD FIDUCIARY TRUST COPassive | $53K | $5.93 | +$53K | +$53K | — | $395.83B |
| UBS Group AG | $49K | $5.93 | +$49K | +$49K | -0.3% | $562.11B |
| BlackRock, Inc.Passive | $27K | $5.93 | +$27K | +$27K | -0.2% | $5.69T |
| Tower Research Capital LLC (TRC)MM | $4K | $5.32 | +$1K | +$4K | -0.6% | $3.84B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-6.20%
avg per quarter
Holders (ex-self)
-6.21%
excl. this stock
Buyers (this Q)
-5.89%
10 buyers · $0.00B in
Sellers (this Q)
+0.74%
1 sellers · $0.00B out
alpha coverage: 96% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-4.0%
how holders react when this stock falls
On quiet Qs
-3.1%
−10% to +10% baseline
On rallies (+10%+)
+29.0%
how they react when this stock rises
Holders' portfolio flow this Q
-4.8%
outflows — trims may be forced
Sellers' portfolio flow this Q
-8.6%
Sellers shed AUM broadly — partly forced.
Biggest decreases this quarter
New buyers this quarter
Top-5 holders · 91.8%
BARD ASSOCIATES INC--
GEODE CAPITAL MANAGEMENT, LLC--
Paloma Partners Management Co--
VANGUARD CAPITAL MANAGEMENT LLC--
RENAISSANCE TECHNOLOGIES LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
BARD ASSOCIATES INC415KPenn Capital Management Company, LLC—Alyeska Investment Group, L.P.—Evernest Financial Advisors, LLC—Paloma Partners Management Co15KCITADEL ADVISORS LLC—HRT FINANCIAL LP—RENAISSANCE TECHNOLOGIES LLC11KPekin Hardy Strauss, Inc.10KCambridge Investment Research Advisors, Inc.10K
Analyst Coverage
Analyst Coverage
Price Targets
Last Year (1 analysts)$12.005980.0%
Current Price$7.51
Corporate
Order Flow (FINRA, ~3w lag)
28.4%retail-3.0pp
6.4%dark+1.4pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.