Castellum 2025 revenue up 15.2% to $52.9M; net loss narrows to $2.5M

Castellum, Inc.

Revenue $52.9M (+15.2% YoY); operating loss improved to $2.8M from $7.2M.
Net loss to common shareholders $2.5M vs $10.1M; Adjusted EBITDA $1.0M vs $0.8M.
Cash increased to $14.9M from $12.3M; debt cut to $0.4M from $10.7M.
Organic growth driven by three prime contract wins; cash-to-debt ratio improved from 1x to 37x.
Stock-based compensation fell to $2.4M from $5.4M; D&A $1.5M from $2.2M.

item 2.02 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Castellum, Inc. reported year ended December 31, 2025 results: revenue $52.9 million, net income $2.5 million.

Period: year ended December 31, 2025
Revenue: $52.9 million
Net income: $2.5 million
Result: reported results

Exact text from the filing

company focused on the federal government, announces certain unaudited highlights of its operating results for its year ended December 31, 2025. Revenue for 2025 increased to $52.9 million, representing an $8.1 million (15.2%) increase over $44.8 million in 2024. Operating loss improved to $2.8 million, a $4.4 million year-over-year improvement from an operating

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Source: SEC EDGAR

accession 0001877939-26-000012

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