---
schema_version: "secwatch.filing_event.v1"
accession: "0001877939-25-000013"
form_type: "8-K"
ticker: "CTM"
cik: "0001877939"
company_name: "Castellum, Inc."
filed_at: "2025-02-28T23:59:59+00:00"
generated_at: "2026-05-26T00:04:59.862767+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Castellum reports 2024 revenue of $44.8M, narrows operating loss; subsidiary wins $103.3M NAVAIR contract

## Summary
- Revenue $44.8M (down slightly from $45.2M in 2023); operating loss improved to $7.2M from $16.7M.
- Adjusted EBITDA $0.8M (vs $0.2M); operating cash flow $1.1M; cash $12.3M, debt $10.7M.
- GTMR subsidiary awarded $103.3M, 5.5-year NAVAIR PMA-290 Special Missions contract; largest ever for Castellum.
- CEO expects strong YoY growth in 2025 on new contract wins; audited 10-K due by March 15, 2025.

## SEC filing metadata
- accession: 0001877939-25-000013
- form_type: 8-K
- ticker: CTM
- cik: 0001877939
- company_name: Castellum, Inc.
- filed_at: 2025-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877939/000187793925000013/0001877939-25-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877939/000187793925000013/ctm-20250227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001877939-25-000013
- JSON: https://secwatch.observer/filing/0001877939-25-000013.json
- Plain text: https://secwatch.observer/filing/0001877939-25-000013.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.