Castellum, Inc. reports news on its federal-government technology services business, including cybersecurity, electronic warfare, software engineering, information technology, and mission-support work. Company updates commonly cover financial results, organic revenue growth, backlog, prime contract wins, recompete awards, and work performed through subsidiaries and joint ventures for defense customers.
Recurring developments also include CMMC Level 2 C3PAO certification, balance-sheet actions such as debt retirement, business development investments, M&A strategy, and product or capability expansion in areas such as extended reality, digital engineering, model-based systems engineering, artificial intelligence, and machine learning-enabled applications.
Castellum (NYSE-American: CTM) reported Q1 2026 results for the quarter ended March 31, 2026: revenue $14.3M (+23% YoY), gross profit $5.1M, adjusted EBITDA $0.4M, and net loss $0.4M. Cash was $15.8M and the company eliminated long-term debt. Backlog reached a record $273.3M and qualified pipeline was $938M.
The revenue increase reflects ramp-up of long-term contracts won in 2025; management expects ~16% of backlog to be recognized in the next 12 months and ~49% in 24 months.
Castellum (NYSE-American: CTM) reported unaudited results for year ended December 31, 2025: revenue $52.9M (up 15.2% vs 2024), operating loss improved to $2.8M, net loss to common shareholders was $2.5M, and Adjusted EBITDA $1.0M. Total cash rose to $14.9M and debt fell to $0.4M. Management cited organic growth, three prime contract wins, equity raises and reinvigorated M&A activity as drivers of improved liquidity and operating performance. Audited Form 10-K expected on or before March 9, 2026.
Castellum (NYSE‑American: CTM) announced it has retired the final $400,000 note payable, leaving the company debt‑free and with more than $14M in cash.
The company highlighted three recent prime contract wins totaling just over $219M across multi‑year awards and said it is pursuing an accretive acquisition within 12 months as it transitions to Phase 3.
Castellum (NYSE‑American: CTM) announced that its SSI subsidiary was re‑awarded a $49.8 million, five‑and‑a‑half‑year contract for Software Support Activities (SSA) at NAWCAD Lakehurst to provide SSA and cyber engineering for mission‑critical ALRE systems.
This is SSI’s third win and second recompete on the NAWCAD LKE Contract and represents the fourth‑largest contract in Castellum history. Castellum also reported three major prime wins totaling > $219 million in the past year, including a $103.3M five‑and‑a‑half‑year Special Missions contract and a $66.2M five‑year logistics and cyber support contract.
Castellum (NYSE-American: CTM) CEO Glen Ives provided a year-end shareholder update on Dec 9, 2025, summarizing 2025 progress and 2026 priorities. Key achievements include a $103.3M five-and-a-half year prime contract for Naval Air Systems Command Special Missions, a $66.2M five-year contract awarded to subsidiary Specialty Systems, Inc., and multiple Missile Defense Agency SHIELD IDIQ awards to CTM and its JVs.
The company reported > $25M raised in gross proceeds, notes payable reduced to $400,000, new mentor-protégé JVs, an xRA prototype for AR support, and a strengthened balance sheet and bid pipeline heading into 2026.
Castellum (NYSE-American: CTM) announced on Dec 8, 2025 that multiple subsidiaries and mentor-protégé joint ventures were awarded contracts under the Missile Defense Agency SHIELD Multiple Award IDIQ vehicle. The awards cover classified and unclassified programs across multi-domain missile-defense missions including ballistic, hypersonic, and cruise threats and support delivery of AI/ML-enabled, digital-engineering and open-systems solutions.
The contracts aim to accelerate fielding of layered, integrated protection across land, sea, air, space, and cyberspace and leverage model-based systems engineering and agile processes to speed capability delivery to warfighters.
Castellum (NYSE-American: CTM) announced on November 13, 2025 that it fully repaid a $2.0 million promissory note to Robert Eisiminger, eliminating that specific debt and leaving no outstanding principal balance on the note.
The company said part of the paydown came from Q3 free cash flow and part from cash reserves, reducing long-term debt to $0 and leaving current notes payable of $400,000, a marked change from one year earlier.
Castellum (NYSE-American: CTM) reported Q3 2025 results with its first-ever quarterly GAAP net income, record revenue, higher cash, and reduced debt. Revenue was $14.6M in Q3 2025, up from $14.0M in Q2 2025 and $11.6M in Q3 2024, marking a third consecutive quarter of year-over-year organic revenue growth. Operating profit was $0.4M versus an operating loss of $(0.4)M in Q2 2025. Adjusted EBITDA excluding non-cash/one-time items was $1.1M. Cash ended at $17.8M and total debt fell to $2.4M. Full Form 10-Q expected to be filed later today.
Castellum (NYSE‑American: CTM) announced that its Specialty Systems, Inc. subsidiary won a $66.2 million full and open, five‑year prime contract to provide logistics, engineering and cyber support to NAWCAD Lakehurst MO&I divisions supporting ALRE, SE and related shipboard systems.
This is Castellum’s first full and open prime award without small‑business set‑aside restrictions and the company’s second‑largest contract win. Management said the award builds on a prior $103M+ prime win announced in February. The award remains subject to potential protests, government funding and termination for cause or convenience.
Castellum (NYSE-American: CTM) will attend the 2025 Maxim Growth Summit in New York on October 22–23, 2025 at The Hard Rock Hotel NYC.
Castellum plans one-on-one meetings with institutional investors and discussions with senior Maxim analysts. The summit features keynote speakers Larry Kudlow and Christopher Ruddy and roundtable sessions covering sectors such as biotechnology, AI, drones, energy, and ophthalmology. Attending may support investor engagement and visibility among small- and mid-cap focused institutions. For the full agenda, visit www.maximgrp.com/2025-growth-summit.