Castellum Inc Financials
This page shows Castellum Inc (CTM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Castellum Inc has an operating margin of -5.3%, meaning the company retains $-5 of operating profit per $100 of revenue. This below-average margin results in a low score of 10/100, suggesting thin profitability after operating expenses. This is up from -16.2% the prior year.
Castellum Inc's revenue surged 18.1% year-over-year to $52.9M, reflecting rapid business expansion. This strong growth earns a score of 63/100.
Castellum Inc carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.40, Castellum Inc holds $4.40 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 87/100.
While Castellum Inc generated -$1.9M in operating cash flow, capex of $152K consumed most of it, leaving -$2.1M in free cash flow. This results in a low score of 15/100, reflecting heavy capital investment rather than weak cash generation.
Castellum Inc generates a -6.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -49.5% the prior year.
Castellum Inc passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Castellum Inc generates $0.81 in operating cash flow (-$1.9M OCF vs -$2.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Castellum Inc generated $52.9M in revenue in fiscal year 2025. This represents an increase of 18.1% from the prior year.
Castellum Inc's EBITDA was -$1.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 73.8% from the prior year.
Castellum Inc reported -$2.4M in net income in fiscal year 2025. This represents an increase of 76.0% from the prior year.
Castellum Inc earned $-0.03 per diluted share (EPS) in fiscal year 2025. This represents an increase of 83.3% from the prior year.
Cash & Balance Sheet
Castellum Inc generated -$2.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 288.0% from the prior year.
Castellum Inc held $14.9M in cash against $0 in long-term debt as of fiscal year 2025.
Castellum Inc had 95M shares outstanding in fiscal year 2025. This represents an increase of 22.8% from the prior year.
Margins & Returns
Castellum Inc's gross margin was 36.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.2 percentage points from the prior year.
Castellum Inc's operating margin was -5.3% in fiscal year 2025, reflecting core business profitability. This is up 10.9 percentage points from the prior year.
Castellum Inc's net profit margin was -4.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 17.8 percentage points from the prior year.
Castellum Inc's ROE was -6.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 42.7 percentage points from the prior year.
Capital Allocation
Castellum Inc invested $152K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 4474.6% from the prior year.
CTM Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.6M-14.1% | $14.6M+4.2% | $14.0M+20.2% | $11.7M+13.3% | $10.3M-11.3% | $11.6M+0.7% | $11.5M+1.7% | $11.3M |
| Cost of Revenue | $8.3M-9.1% | $9.1M+1.8% | $9.0M+26.1% | $7.1M+15.1% | $6.2M-7.1% | $6.7M-2.9% | $6.8M+0.4% | $6.8M |
| Gross Profit | $4.3M-22.4% | $5.5M+8.5% | $5.1M+11.1% | $4.6M+10.6% | $4.1M-16.9% | $5.0M+6.1% | $4.7M+3.5% | $4.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.4M+3.0% | $2.4M-13.0% | $2.7M-13.1% | $3.1M-1.0% | $3.2M-6.6% | $3.4M-3.5% | $3.5M-17.0% | $4.2M |
| Operating Income | -$1.4M-412.2% | $445K+216.1% | -$384K+74.2% | -$1.5M+8.3% | -$1.6M-17.1% | -$1.4M+11.9% | -$1.6M+41.2% | -$2.7M |
| Interest Expense | -$224K-422.4% | $70K-44.8% | $126K+340.1% | $29K+121.0% | -$137K-175.3% | $181K+20.6% | $150K+944.7% | $14K |
| Income Tax | $103K-3.7% | $107K+240.8% | -$76K-202.0% | $74K+4.4% | $71K+127.6% | -$257K-313.6% | $121K-10.0% | $134K |
| Net Income | -$1.3M-418.1% | $415K+229.0% | -$322K+72.5% | -$1.2M+57.3% | -$2.7M-114.2% | -$1.3M+30.7% | -$1.8M+55.1% | -$4.1M |
| EPS (Diluted) | N/A | $0.00 | $0.00+100.0% | $-0.01 | N/A | $-0.02+33.3% | $-0.03+62.5% | $-0.08 |
CTM Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $41.9M-9.4% | $46.3M+6.5% | $43.4M+5.7% | $41.1M+8.6% | $37.8M+31.2% | $28.8M-2.1% | $29.5M-3.3% | $30.5M |
| Current Assets | $24.6M-14.0% | $28.6M+13.0% | $25.3M+11.9% | $22.7M+19.9% | $18.9M+102.5% | $9.3M-0.4% | $9.4M-4.3% | $9.8M |
| Cash & Equivalents | $14.9M-16.5% | $17.8M+21.0% | $14.7M+10.8% | $13.3M+8.4% | $12.3M+346.8% | $2.7M+13.7% | $2.4M+7.2% | $2.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $8.2M-12.7% | $9.4M+1.2% | $9.3M+12.0% | $8.3M+50.1% | $5.5M-1.8% | $5.6M-11.9% | $6.4M-8.3% | $6.9M |
| Goodwill | $10.7M0.0% | $10.7M0.0% | $10.7M0.0% | $10.7M0.0% | $10.7M0.0% | $10.7M-0.4% | $10.7M0.0% | $10.7M |
| Total Liabilities | $6.2M-35.4% | $9.5M-18.4% | $11.7M-22.2% | $15.0M-15.0% | $17.7M+5.0% | $16.8M-3.3% | $17.4M-1.4% | $17.6M |
| Current Liabilities | $5.6M-18.4% | $6.9M-2.0% | $7.0M-9.5% | $7.7M-21.2% | $9.8M+16.9% | $8.4M-0.3% | $8.4M+2.2% | $8.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | $8.0M-3.6% | $8.3M-4.1% | $8.7M-4.1% | $9.0M |
| Total Equity | $35.8M-2.7% | $36.7M+15.6% | $31.8M+21.7% | $26.1M+29.3% | $20.2M+67.8% | $12.0M-0.4% | $12.1M-5.8% | $12.8M |
| Retained Earnings | -$56.6M-2.4% | -$55.2M+0.7% | -$55.6M-0.6% | -$55.3M-2.2% | -$54.1M-5.4% | -$51.3M-2.6% | -$50.0M-3.9% | -$48.1M |
CTM Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$662K-166.1% | $1.0M+367.6% | $214K+108.6% | -$2.5M-534.5% | -$394K-153.1% | $742K-0.9% | $749K+3055.0% | $24K |
| Capital Expenditures | $10K-78.0% | $45K | N/A | N/A | $0-100.0% | $3K | $0 | $0 |
| Free Cash Flow | -$671K-170.2% | $957K | N/A | N/A | -$394K-153.4% | $739K-1.3% | $749K+3055.0% | $24K |
| Investing Cash Flow | -$85K-570.5% | $18K+118.6% | -$97K-2292.2% | $4K-97.4% | $170K+59.8% | $106K+294.8% | -$55K | $0 |
| Financing Cash Flow | -$2.2M-205.7% | $2.1M+56.3% | $1.3M-62.5% | $3.5M-63.7% | $9.7M+1982.4% | -$517K+2.9% | -$533K-234.6% | $396K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CTM Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.0%-3.6pp | 37.6%+1.5pp | 36.1%-3.0pp | 39.1%-1.0pp | 40.0%-2.7pp | 42.7%+2.2pp | 40.6%+0.7pp | 39.8% |
| Operating Margin | -11.1%-14.1pp | 3.0%+5.8pp | -2.7%+10.0pp | -12.7%+3.0pp | -15.7%-3.8pp | -11.9%+1.7pp | -13.6%+9.9pp | -23.6% |
| Net Margin | -10.5%-13.4pp | 2.8%+5.1pp | -2.3%+7.7pp | -10.0%+16.6pp | -26.6%-15.6pp | -11.0%+5.0pp | -16.0%+20.2pp | -36.3% |
| Return on Equity | -3.7%-4.8pp | 1.1%+2.1pp | -1.0%+3.5pp | -4.5%+9.1pp | -13.6%-2.9pp | -10.7%+4.6pp | -15.3%+16.8pp | -32.0% |
| Return on Assets | -3.1%-4.0pp | 0.9%+1.6pp | -0.7%+2.1pp | -2.9%+4.4pp | -7.2%-2.8pp | -4.4%+1.8pp | -6.3%+7.2pp | -13.5% |
| Current Ratio | 4.40+0.2 | 4.17+0.6 | 3.62+0.7 | 2.92+1.0 | 1.92+0.8 | 1.110.0 | 1.11-0.1 | 1.19 |
| Debt-to-Equity | 0.17-0.1 | 0.26-0.1 | 0.37-0.2 | 0.58+0.2 | 0.40-0.3 | 0.69-0.0 | 0.72+0.0 | 0.70 |
| FCF Margin | -5.3%-11.9pp | 6.6% | N/A | N/A | -3.8%-10.2pp | 6.4%-0.1pp | 6.5%+6.3pp | 0.2% |
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Frequently Asked Questions
What is Castellum Inc's annual revenue?
Castellum Inc (CTM) reported $52.9M in total revenue for fiscal year 2025. This represents a 18.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Castellum Inc's revenue growing?
Castellum Inc (CTM) revenue grew by 18.1% year-over-year, from $44.8M to $52.9M in fiscal year 2025.
Is Castellum Inc profitable?
No, Castellum Inc (CTM) reported a net income of -$2.4M in fiscal year 2025, with a net profit margin of -4.5%.
What is Castellum Inc's EBITDA?
Castellum Inc (CTM) had EBITDA of -$1.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Castellum Inc's gross margin?
Castellum Inc (CTM) had a gross margin of 36.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Castellum Inc's operating margin?
Castellum Inc (CTM) had an operating margin of -5.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Castellum Inc's net profit margin?
Castellum Inc (CTM) had a net profit margin of -4.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Castellum Inc's return on equity (ROE)?
Castellum Inc (CTM) has a return on equity of -6.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Castellum Inc's free cash flow?
Castellum Inc (CTM) generated -$2.1M in free cash flow during fiscal year 2025. This represents a -288.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Castellum Inc's operating cash flow?
Castellum Inc (CTM) generated -$1.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Castellum Inc's total assets?
Castellum Inc (CTM) had $41.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Castellum Inc's capital expenditures?
Castellum Inc (CTM) invested $152K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Castellum Inc's current ratio?
Castellum Inc (CTM) had a current ratio of 4.40 as of fiscal year 2025, which is generally considered healthy.
What is Castellum Inc's debt-to-equity ratio?
Castellum Inc (CTM) had a debt-to-equity ratio of 0.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Castellum Inc's return on assets (ROA)?
Castellum Inc (CTM) had a return on assets of -5.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Castellum Inc's cash runway?
Based on fiscal year 2025 data, Castellum Inc (CTM) had $14.9M in cash against an annual operating cash burn of $1.9M. This gives an estimated cash runway of approximately 92 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Castellum Inc's Piotroski F-Score?
Castellum Inc (CTM) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Castellum Inc's earnings high quality?
Castellum Inc (CTM) has an earnings quality ratio of 0.81x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Castellum Inc?
Castellum Inc (CTM) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.