Traders should monitor the upcoming decision on the CWMS 3.0 contract and the ramp-up of the new SaaS carrier contract in H2 2026. While operational momentum appears to be building and cash flow is stabilizing, declining full-year Adjusted EBITDA and free cash flow raise concerns about sustainability of profitability.
Price Chart
Executive Summary
WidePoint Corporation reported Q4 and full-year 2025 results with revenue growth and improved Adjusted EBITDA and free cash flow, though it posted a net loss. The company secured several new contracts totaling over $40 million in potential value, including a major SaaS deal, while maintaining positive free cash flow for the 9th consecutive quarter. However, GAAP net loss widened year-over-year, and full-year Adjusted EBITDA declined significantly.
Key Financial Metrics
Key Facts
- Q4 2025 revenue was $42.3 million, up from $37.7 million in Q4 2024 (12.2% YoY growth)
- Full-year 2025 revenue was $150.5 million, up from $142.6 million in 2024 (5.5% YoY growth)
- Net loss for 2025 was $2.8 million vs. $1.9 million in 2024
- Adjusted EBITDA for 2025 was $1.1 million, down from $2.6 million in 2024
- Free cash flow for 2025 was $814,000, down from $2.5 million in 2024
- Secured a $40M–$45M SaaS contract and a $27.5M task order under CWMS 2.0
- Unrestricted cash was $9.8 million with no bank debt as of December 31, 2025
Financial Impact
Revenue increased by $7.9 million annually, but profitability and cash flow metrics declined significantly year-over-year despite non-GAAP improvements in the second half.
Risk Factors
- Continued delays or loss of the CWMS 3.0 contract recompete
- Declining full-year Adjusted EBITDA and free cash flow despite revenue growth
- Execution risk on large new contracts, particularly the $40M–$45M SaaS deal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3262570 |
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| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | SC 13G | $6.81 | awaiting T+60 | — | $7.07 (+3.82%) |
Oct 16, 2026 11d ago | 8-K | $6.15 | awaiting T+60 | — | $7.07 (+14.96%) |
Aug 17, 2026 10w ago | 8-K | $9.09 | awaiting T+60 | — | $7.07 (−22.22%) |
Jul 7, 2026 16w ago | Insider Cluster | $12.72 $7.86 | ▼ −38.21% | ▼ −40.70% | $7.07 (−44.42%) |
Jun 30, 2026 17w ago | Insider Cluster | $16.30 $11.07 | ▲ +32.09% | ▲ +35.04% | $7.07 (+56.63%) |
Jun 30, 2026 17w ago | 8-K | $17.50 $11.17 | ▼ −36.17% | ▼ −39.73% | $7.07 (−59.60%) |
May 19, 2026 22w ago | 8-K | $9.99 $9.45 | ▼ −5.41% | ▼ −10.41% | $7.07 (−29.23%) |
May 19, 2026 23w ago | 8-K | $9.95 $11.63 | ▲ +16.88% | ▲ +10.59% | $7.07 (−28.94%) |
May 18, 2026 23w ago | DEFA14A | $9.67 $11.49 | ▲ +18.82% | ▲ +13.97% | $7.07 (−26.89%) |
Apr 30, 2026 25w ago | Press Release | $6.34 $10.70 | ▲ +68.77% | ▲ +65.66% | $7.07 (+11.51%) |
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