secwatch.observer — SEC 8-K summary
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Issuer:     Castellum, Inc. (CTM)
CIK:        0001877939
Form:       8-K
Filed at:   2026-03-05T23:59:59+00:00
Accession:  0001877939-26-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877939/000187793926000012/0001877939-26-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877939/000187793926000012/ctm-20260304.htm
  HTML page:      https://secwatch.observer/filing/0001877939-26-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer