WidePoint Q1 2026 revenue $40.6M (+21% YoY); swings to net income $77K

WIDEPOINT CORP

2026-Q1 EPS reported $0.01 vs consensus -$0.12 ▲ beat (+108.3%)

Revenue $40.6M, up $7.1M from Q1 2025; gross margin 14% (34% ex-carrier services).
Net income $77K ($0.01 EPS) vs net loss $724K ($0.08 loss) in Q1 2025.
Adjusted EBITDA $752K (+714% YoY); free cash flow $674K (+941% YoY).
Federal contract backlog $218M; unrestricted cash $10.9M with no bank debt.
Achieved 35th consecutive quarter positive Adjusted EBITDA and 10th consecutive positive free cash flow.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WIDEPOINT CORP reported first quarter ended March 31, 2026 results: revenue $40.6 million, net income $77,000, EPS $0.01 per share.

Period: first quarter ended March 31, 2026
Revenue: $40.6 million
Net income: $77,000
EPS: $0.01 per share
Result: reported results

Exact text from the filing

Revenues were $40.6 million, an increase of $7.1 million from the same quarter last year · Gross margin was 14%, and gross margin excluding carrier services revenue was 34% · Net income improved to $77,000 or $0.01 per share, compared to a net loss of $(724,000) or a loss of $(0.08) per share in the same quarter last year

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Source: SEC EDGAR

accession 0001654954-26-005146

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