The combination of strong organic revenue growth, improved profitability, and a dramatically strengthened balance sheet suggests Castellum is gaining operational traction. Traders should watch for the upcoming Form 10-K for audited results and any guidance on 2026, especially given management's indication of renewed M&A activity.
Price Chart
Executive Summary
Castellum, Inc. reported unaudited 2025 full-year results with revenue up 15.2% year-over-year to $52.9 million and a significantly reduced operating loss, from $7.2 million to $2.8 million. The company improved its net loss by $7.6 million, reduced debt from $10.7 million to $0.4 million, and increased cash to $14.9 million, driven by organic growth and recent equity raises.
Key Financial Metrics
Key Facts
- Revenue for 2025 was $52.9 million, up 15.2% from $44.8 million in 2024.
- Operating loss improved to $2.8 million from $7.2 million in 2024.
- Net loss to common shareholders decreased to $2.5 million from $10.1 million in 2024.
- Adjusted EBITDA increased to $1.0 million from $0.8 million in 2024.
- Cash increased by $2.6 million to $14.9 million; debt dropped from $10.7 million to $0.4 million.
- Management highlights three prime contract wins and organic growth as key drivers.
Financial Impact
Revenue increased by $8.1 million; net loss improved by $7.6 million; debt reduced by $10.3 million.
Risk Factors
- Forward-looking statements about M&A and growth are speculative and subject to execution risk.
- Company remains unprofitable on a GAAP basis, with net and operating losses still present.
- Reliance on federal government contracts exposes the company to budget delays and political risk.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3249744 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | 8-K | $0.5785 $0.5868 | ▲ +1.43% | ▲ +0.98% | $0.5010 (−13.40%) |
Jul 31, 2026 12w ago | 8-K | $0.7350 $0.6101 | ▼ −16.99% | ▼ −19.02% | $0.5010 (−31.84%) |
Jul 31, 2026 12w ago | Press Release | $0.7177 $0.6151 | ▼ −14.30% | ▼ −17.81% | $0.5010 (−30.19%) |
Jul 2, 2026 16w ago | 8-K | $0.6950 $0.6710 | ▼ −3.45% | ▼ −4.38% | $0.5010 (−27.91%) |
Jun 24, 2026 17w ago | 8-K | $0.7237 $0.7295 | ▲ +0.80% | ▼ −0.76% | $0.5010 (−30.77%) |
Jun 15, 2026 19w ago | Press Release | $0.7157 $0.7523 | ▲ +5.11% | ▲ +6.50% | $0.5010 (−30.00%) |
May 18, 2026 23w ago | 8-K | $0.6580 $0.8100 | ▲ +23.10% | ▲ +21.48% | $0.5010 (−23.86%) |
May 13, 2026 23w ago | 8-K | $0.6710 $0.6520 | ▼ −2.83% | ▼ −1.67% | $0.5010 (−25.34%) |
May 8, 2026 24w ago | Press Release | $0.7530 $0.6880 | ▼ −8.63% | ▼ −10.10% | $0.5010 (−33.47%) |
Apr 23, 2026 26w ago | 8-K | $0.6900 $0.6650 | ▼ −3.62% | ▼ −4.53% | $0.5010 (−27.39%) |
US Market Status
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