CONX Corp.

CNXX Financial Shell Companies

CONX Corp.’s revenue for fiscal 2024 (year ended December 2024) was $2.0 million.

Revenue
+30.5%
EPS
+983.5%
Free cash flow
−57.5%

Quarter to September 2025, against a year earlier

5.60 0.40 −6.67%
Market cap
$183.5M
P/E
2.7×
Fwd P/E
—
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 88.96%

Capital & Financial Ratios $m

Size
Market Cap 183.45
Revenue ttm 3.36
Net income ttm 67.16
Free cash flow ttm (4.95)
Net debt Q (121.97)
Valuation
P/E 2.71
Forward P/E —
Price / sales 31.51 (above 10: high)
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.93
Financial health
Current ratio Q 29.10
Debt / equity Q 0.01
Interest coverage Q —
Growth
Revenue growth Q +30.47% (above 0%: growing)
Operating income growth Q +54.95% (above 0%: growing)
EPS, this year —
EPS, next year A —
Revenue, next year A —
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2022 2023 2024 Q'25
Cash 1 0 120 123
Receivables — — 0 0
Inventory — — — —
Other — — — —
1 0 121 124
2022 2023 2024 Q'25
Payables 0 0 1 0
ST’ Debt 0 2 0 —
Other — — — 3
2 4 1 4

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — — 0.00%
Earnings — — (48.30%)
Book Value — — 0.00%

EPS $

Mar Jun Sep Dec Year
’26 0.14 0.13 1.60 — —
’24 0.13 0.15 (0.18) (0.01) 0.07
’23 (0.04) (0.04) 0.05 (0.23) (0.25)
’22 0.68 0.44 0.22 (1.05) 0.29
’21 0.46 (0.20) 0.32 0.46 1.03
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1 1 1 — —
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1 0 1 — —
’24 0 0 3 (8) (5)
’23 0 (1) 0 0 (2)
’22 0 0 0 0 (1)
’21 0 0 0 0 0
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 1 0 1 — —
’24 0 0 3 (8) (5)
’23 0 (1) 0 0 (2)
’22 0 0 0 0 (1)
’21 0 0 0 0 0
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Sep ’25 Trend 10 yrs 2025e 2026e 2027e Next 3/yr
Income, $m
Income, $m Revenue — — — — — — — — — 2 3 — — — — —
Gross margin, % — — — — — — — — — 100.00 100.00 —
EBT — — — — — 2 19 25 (6) 3 86 +6.4%
EBT margin, % — — — — — 0.00 0.00 0.00 0.00 134.05 2,550.34 +134.1 pt
Net income — — 0 — — 2 19 24 (6) 3 67 n/m
Per share, $
Per share, $ Revenue — — — — — 0.00 0.00 0.00 0.00 0.10 0.18 n/m
Earnings — — — — — 0.11 1.03 0.32 (0.26) 0.14 2.07 +5.5%
Cash flow — — — — — (0.01) (0.02) (0.01) (0.08) (0.25) (0.26) +153.2%
Capex — — — — — 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow — — — — — (0.01) (0.02) (0.01) (0.08) (0.25) (0.26) +153.2%
Book value — — — — — (3.79) (2.76) (0.38) (1.68) (0.67) 2.91 (35.2%)
Shares, m — — — — — 19 19 83 24 20 19 +1.1%
Valuation, ×
Valuation, × P/E — — — — — — — — — 10.70 2.71 —
P/S — — — — — — — — — 0.00 31.51 —
P/B — — — — — — — — — 0.00 1.93 —
EV/Sales — — — — — — — — — 0.00 — —
EV/FCF — — — — — — — — — 18.47 — —
Cash, $m
Cash, $m Operating cash flow — — — — — 0 0 (1) (2) (5) (5) +155.6%
Capex — — — — — — — — — — — —
Free cash flow — — — — — 0 0 (1) (2) (5) (5) +155.6%
Balance, $m
Balance, $m Working capital — — — — — 1 1 (1) (4) 119 119 +222.7%
Net debt — — — — — (1) (1) (1) 2 (119) (122) +215.1%
Shareholders’ equity — — — — — (71) (52) (32) (40) (13) 55 (34.5%)
Returns, %
Returns, % ROA — — — — — 0.56 2.58 5.78 (11.14) 2.43 16.28 +1.9 pt
ROIC — — — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE — — — — — 0.31 (31.49) (57.92) 16.70 (10.07) 184.90 (10.4) pt
People
People Employees — — — — — 1 1 1 1 13 — +89.9%
Revenue/emp, $m — — — — — 0.00 0.00 0.00 0.00 0.16 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2024 · latest quarter Sep 2025

CONX Corp. vs peers in Shell Companies (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LFAC Leapfrog Acquisition Corporation $198.8M — — — — — — — Compare
ETSS Energy Transition Special Opportunities $198.0M — — — — — — 0.00% Compare
NSAI NorthStrive Acquisition Corp I $191.1M — — — — — — — Compare
CNXX CONX Corp. $183.5M 2.7× — +30.47% (above 0%: growing) n/m −57.54% (below 0%: shrinking) 100.00% (53.20%)
SVCC Stellar V Capital Corp. $177.4M 13.4× — — −42.68% (below 0%: shrinking) −26.50% (below 0%: shrinking) — 0.00% Compare
BWIV Blue Water Acquisition Corp. IV $177.2M — — — — — — — Compare
PAAC Proem Acquisition Corp I $177.2M — — — — — — — Compare
BLRK Bluerock Acquisition Corp. $175.6M — — — — — — — Compare
XFLH XFLH Capital Corporation $175.4M — — — n/m — — 0.00% Compare
Median of peers $177.3M — — — — — — 0.00%

All 197 Shell Companies stocks →

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stockrow.com/CNXX · Data as of Sep 30, 2025 · For information only; not investment advice. · © 2026 stockrow.com