Elauwit Connection, Inc.
Elauwit Connection, Inc. (NASDAQ: ELAU) operates as a provider of broadband internet networks and related services for the multifamily and student housing property sector. The company's website is www.investors.elauwit.com. From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Elauwit Connection, Inc. does
In the company’s own words
Elauwit Connection, Inc. (NASDAQ: ELAU) operates as a provider of broadband internet networks and related services for the multifamily and student housing property sector. The company's website is www.investors.elauwit.com.
The company designs, installs, operates, and maintains fiber optic and WiFi networks throughout contracted multifamily properties, enabling property owners to sell internet connectivity directly to residents while Elauwit provides network management, resident support, and technical services. Elauwit offers two primary business models: Managed Services, where property owners fund network installation and pay monthly service fees, and Network-as-a-Service, where Elauwit funds and owns the installed network infrastructure while charging higher monthly fees reflecting its capital investment.
As of December 31, 2025, Elauwit served 34,067 combined units across 122 commercial real estate properties in 27 states. The company maintains relationships with diverse property ownership groups ranging from merchant builders to long-term holders, with no single ownership group controlling more than 15% of customers. Six ownership groups controlled five or more properties, representing 57 total customers. The company had 34 total employees as of December 31, 2025, including 33 full-time employees.
Elauwit's addressable market consists of approximately 2,950 property companies owning approximately 11.5 million multifamily units across properties with 100 or more units. The company estimates this market spends over eight billion dollars annually on internet access services. The company's pipeline as of March 20, 2026 totaled approximately 120,600 units, representing approximately $120 million in potential network construction revenue and an estimated $26 million in annual recurring revenue.
The company's competitive strengths include portfolio-level service offerings tailored to multi-property ownership groups, proven expertise from management's prior experience with Elauwit Networks LLC, a scalable national model, advanced network design and technology, high resident satisfaction ratings, and established customer relationships. Elauwit 1.0, the predecessor entity founded in 2008, was acquired by Boingo in August 2018 for approximately $28.6 million. Elauwit Connection, Inc. was founded in December 2019 and completed its initial public offering in November 2025.
Company details
- Sector
- Communication Services
- Industry
- Communications
- Headquarters
- COLUMBIA, SC
- Fiscal year end
- December
- CIK
- 2063863
- SIC
- 4899
Financial performance, year by year
Fiscal 2025–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Elauwit Connection, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Elauwit Connection, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
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