WidePoint Reports Third Quarter 2026 Financial Results

Rhea-AI Summary

WidePoint (WYY) reported third-quarter 2026 revenue of $45.1 million, up from the same quarter last year, while its net loss narrowed. Revenue was $35.5 million a year earlier. Net loss was $192,009, or $0.02 per share, versus $559,185, or $0.06 per share. Gross margin fell to 14% from 15%. Adjusted EBITDA, a non-GAAP earnings measure, declined to $338,300 from $343,900.

Nine-month revenue reached $123.6 million, versus $106.3 million, but operating activities used $390,344 in cash versus providing $5,880,186. Unrestricted cash was $10.1 million with no bank debt. WidePoint received 40 new and replacement DHS task orders worth approximately $33.7 million under its six-month bridge contract, which has an approximately $113 million ceiling. Federal backlog was approximately $209 million. DHS requested revised CWMS 3.0 proposals; WidePoint submitted one and awaits an award decision.

16 points · 1 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 6 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointDHS awarded 40 new and replacement task orders worth approximately $33.7 million during the third quarter. 56% of market cap
• Moderate pointThird-quarter revenue rose to $45.1 million from $35.5 million a year earlier.
• Moderate pointCWMS 2.5 bridge contract provides a six-month term with an approximately $113 million ceiling. 1.9× market cap
• Moderate pointFederal contract backlog totaled approximately $209 million at September 30, 2026.
• Moderate pointNine-month net loss narrowed to $48,628, or $0.00 per share, from $1,901,707, or $0.20 per share.
• Moderate pointThird-quarter gross profit increased to $6.2 million from $5.3 million a year earlier.
• Moderate pointNine-month adjusted EBITDA increased to $1,725,600 from $619,800 a year earlier.
• Moderate pointNine-month company-defined free cash flow increased to $1,640,063 from $478,882 a year earlier.

8 minor points

• Minor pointNine-month revenue increased to $123.6 million from $106.3 million a year earlier.
• Minor pointUnrestricted cash stood at $10.1 million with no bank debt at September 30, 2026.
• Minor pointThird-quarter net loss narrowed to $192,009, or $0.02 per share, from $559,185, or $0.06 per share.
• Minor pointNine-month gross profit increased to $17.6 million from $15.2 million a year earlier.
• Minor pointThird-quarter company-defined free cash flow increased to $338,300 from $323,869 a year earlier.
• Minor pointCWMS 2.0 task orders extend into 2027, while bridge-contract operations continue uninterrupted.
• Minor point. Forward-looking: it has not happened yet and may not happen.ATV contract integration remains on track for WidePoint's targeted year-end go-live.
• Minor point. Forward-looking: it has not happened yet and may not happen.CDW issued a letter of authorization toward WidePoint potentially becoming its subcontractor supporting LA28 and Team USA.

Negative

• Moderate pointNine-month operating cash flow turned to $390,344 used from $5,880,186 provided a year earlier.
• Minor pointCWMS 3.0 procurement remains pending DHS evaluation and an award decision after WidePoint submitted a revised proposal.
• Minor pointThird-quarter gross margin fell to 14% from 15% a year earlier.
• Minor pointThird-quarter adjusted EBITDA declined to $338,300 from $343,900 a year earlier.
• Minor pointThird-quarter operating expenses increased to $6.4 million from $5.7 million a year earlier.
• Minor pointNine-month operating expenses increased to $17.9 million from $17.2 million a year earlier.

News Explained

For the nine months ended September 30, 2026, WidePoint reported $1.64 million in free cash flow, defined as adjusted EBITDA less capital expenditures, while operating activities used $390,344 in cash; these are different measures of cash performance.

Key Figures

Revenue: $45.1 million Gross margin: 14% Net loss: $(192,000) +5 more

Revenue

$45.1 million

Third quarter 2026; increased $9.5 million year over year

Gross margin

14%

Third quarter 2026; compared with 15% in the prior-year quarter

Net loss

$(192,000)

Third quarter 2026; compared with $(559,000) in the prior-year quarter

Adjusted EBITDA

$338,000

Third quarter 2026; compared with $344,000 in the prior-year quarter

Adjusted EBITDA

$1.7 million; 178% increase

Nine months ended September 30, 2026, compared with the same period last year

Free cash flow

$1.6 million; 242% increase

Nine months ended September 30, 2026, compared with the same period last year

Task orders

Approximately $33.7 million

40 new and replacement task orders received during the third quarter under the CWMS 2.5 bridge contract

CWMS 2.5 bridge contract

6 months; approximately $113 million ceiling

Bridge contract term and ceiling

Previous Earnings Reports

1 past event · Latest: Aug 13

Same Type 1 event

1. Aug 13

   Q2 earnings

   24h Move

   -18.7%

   Revenue rose, net income turned positive, and Adjusted EBITDA and free cash flow increased.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

idiq, non-gaap financial measure

2 terms

idiq regulatory

"a 6-month IDIQ with a ceiling value of approximately $113 million"

An IDIQ (Indefinite Delivery/Indefinite Quantity) is a type of government procurement contract that sets terms and maximum limits for buying goods or services over a period without specifying exact delivery dates or quantities up front. For investors, an IDIQ signals a potential steady revenue stream and easier repeat business because it gives a company preferred access to future orders under agreed terms—think of it as a standing shopping account that can generate unpredictable but recurring sales.

non-gaap financial measure financial

"Adjusted EBITDA, a non-GAAP financial measure"

A non-GAAP financial measure is a way companies present their financial results that excludes certain expenses or income to show how they believe their core business is performing. It matters because it can give a clearer picture of how the company is really doing, but it can also be used to make results look better than they actually are.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAIRFAX, Va., Nov. 12, 2026 (GLOBE NEWSWIRE) -- WidePoint Corporation (NYSE American: WYY), a leading provider of Secure Mobility Management solutions, reported results for the third quarter ended September 30, 2026.

Third Quarter 2026 and Recent Operational Highlights:

• 37^th consecutive quarter of positive Adjusted EBITDA
• 12^th consecutive quarter of positive free cash flow
• Awarded 40 new and replacement task orders with a total value of approximately $33.7 million during the third quarter under the U.S. Department of Homeland Security’s (“DHS”) Cellular Wireless Managed Services (“CWMS”) 2.5 bridge contract
• Awarded the CWMS 2.5 bridge contract, a 6-month IDIQ with a ceiling value of approximately $113 million

Third Quarter 2026 Financial Highlights:

• Revenues were $45.1 million, an increase of $9.5 million from the same quarter last year
• Gross margin was 14%, and gross margin excluding carrier services revenue was 30%
• Net loss was $(192,000) or $(0.02) per share, compared to a net loss of $(559,000) or a loss of $(0.06) per share in the same quarter last year
• Adjusted EBITDA¹, a non-GAAP financial measure, was $338,000 compared to $344,000 in the same quarter last year
• Free cash flow¹, a non-GAAP financial measure, was $338,000 compared to $324,000 in the same quarter last year
• As of September 30, 2026, unrestricted cash was $10.1 million with no bank debt
• As of September 30, 2026, federal contract backlog was approximately $209 million
  

Nine Months 2026 Financial Highlights:

• Revenues were $123.6 million, an increase of $17.3 million from the same period last year
• Gross margin was 14%, and gross margin excluding carrier services revenue was 33%
• Net loss was $(49,000) or $(0.00) per share, compared to a net loss of $(1.9) million or a loss of $(0.20) per share in the same period last year
• Adjusted EBITDA¹, a non-GAAP financial measure, was $1.7 million, a 178% increase from the same period last year
• Free cash flow¹, a non-GAAP financial measure, was $1.6 million, a 242% increase from the same period last year
  

^{1 Free cash flow and Adjusted EBITDA are non-GAAP financial measures. See below for the definition of such measures and a reconciliation to GAAP.}

Management Commentary
WidePoint CEO, Jin Kang commented: "The decision by the Government Accountability Office (“GAO”) to sustain the protest related to the CWMS 3.0 award has undoubtedly created near-term disruption; however, we believe the issues are temporary in nature. While sustained protests are not unprecedented in federal procurement, we recognize this was an unexpected setback. With respect to the pending CWMS 3.0 procurement, DHS has requested revised proposals, and WidePoint has submitted a revised proposal for evaluation by DHS. We await DHS’s announcement of the results of its evaluation and the resulting award decision. We will have no further comment on the status of the CWMS 3.0 procurement at this time.

“Importantly, operations continue uninterrupted under the CWMS 2.5 bridge contract. In the third quarter alone, we received 40 new and replacement task orders valued at approximately $33.7 million and we continue to receive additional task orders in the fourth quarter. We also hold CWMS 2.0 task orders extending into 2027, providing a meaningful runway as the CWMS 3.0 award process moves towards resolution.

“Beyond CWMS, integration efforts under the ATV contract continue to advance, and we remain on track for our targeted year-end go-live. We also recently received a letter of authorization from CDW as we work toward potentially becoming the official subcontractor supporting CDW’s role as the Official IT Equipment and Solutions Provider for the LA28 Olympic and Paralympic Games and Team USA. In addition, we strengthened our federal growth initiative through the hiring a professional with extensive experience in federal government acquisitions, IDIQ contracts, and the implementation of a Program Management Office (PMO) model similar to that of the DHS PMO model to maximize opportunities under the NASA SEWP VI contract vehicle. Together, these developments reinforce our confidence in WidePoint’s long-term growth prospects and execution against multiple strategic opportunities.”

	Third Quarter 2026 Financial Summary
		THREE MONTHS ENDED
		SEPTEMBER 30,
	(In millions except per share amounts)		2026				2025
					(Unaudited)
	REVENUES	$	45.1			$	35.5
	GROSS PROFIT		6.2				5.3
	GROSS PROFIT %		14	%			15	%
	OPERATING EXPENSES		6.4				5.7
	NET LOSS		(0.19	)			(0.56	)
	LOSS PER SHARE BASIC AND DILUTED	$	(0.02	)		$	(0.06	)
	EBITDA		0.23				0.19
	ADJUSTED EBITDA		0.34				0.34
	FREE CASHFLOW		0.34				0.32

Nine Months 2026 Financial Summary		NINE MONTHS ENDED
		SEPTEMBER 30,
(In millions except per share amounts)			2026				2025
					(Unaudited)
REVENUES		$	123.6			$	106.3
GROSS PROFIT			17.6				15.2
GROSS PROFIT %			14	%			14	%
OPERATING EXPENSES			17.9				17.2
NET LOSS			(0.05	)			(1.90	)
LOSS PER SHARE BASIC AND DILUTED		$	(0.00	)		$	(0.20	)
EBITDA			1.19				0.10
ADJUSTED EBITDA			1.73				0.62
FREE CASHFLOW			1.64				0.48

Conference Call
WidePoint’s management will host the conference call today (November 12, 2026) at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss these results.

U.S. dial-in number: 888-506-0062
International number: 973-528-0011
Access Code: 633294

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group at (949) 574-3860.

The conference call will be broadcast live and available for replay here and via the investor relations section of the company’s website.

A replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through Thursday, November 26, 2026.

Toll-free replay number: 877-481-4010
International replay number: 919-882-2331
Replay ID: 54625

About WidePoint
WidePoint Corporation (NYSE American: WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity & Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service, Cloud Security, and Analytics & Billing as a Service (ABaaS). To learn more, visit https://www.widepoint.com .

Non-GAAP Financial Measures
WidePoint uses a variety of operational and financial metrics, including non-GAAP financial measures such as EBITDA, Adjusted EBITDA, and Free cashflow, to enable it to analyze its performance and financial condition. The presentation of non-GAAP financial information should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. A reconciliation of GAAP Net income to EBITDA and Adjusted EBITDA and Free cashflow is provided below:

				THREE MONTHS ENDED								NINE MONTHS ENDED
				SEPTEMBER 30,								SEPTEMBER 30,
					2026				2025				2026				2025
Other adjustments to reconcile net loss to adjusted EBITDA and free cashflow				(Unaudited)								(Unaudited)
NET LOSS				$	(192,000	)		$	(559,200	)		$	(48,600	)		$	(1,901,700	)
Adjustments to reconcile net income to EBITDA:
	Depreciation and amortization				432,800				650,400				1,395,000				2,085,600
	Income tax provision (benefit)				13,000				134,400				(28,600	)			(12,000	)
	Interest income				(68,200	)			(83,400	)			(257,400	)			(226,200	)
	Interest expense				42,500				47,600				131,300				155,100
EBITDA					228,100				189,800				1,191,700			$	100,800
	Stock-based compensation expense				110,200				154,100				533,900				519,000
Adjusted EBITDA				$	338,300			$	343,900			$	1,725,600			$	619,800
	Capital expenditures				-				(20,031	)			(85,537	)			(140,918	)
Free cashflow				$	338,300			$	323,869			$	1,640,063			$	478,882

WidePoint uses EBITDA, Adjusted EBITDA and Free cashflow as supplemental non-GAAP measure of performance. WidePoint defines EBITDA as net income excluding (i) interest expense, (ii) provision for or benefit from income taxes, (iii) depreciation and amortization, and (iv) Impairment charges. Adjusted EBITDA excludes certain amounts included in EBITDA such as stock-based compensation expense. WidePoint defined Free cashflow as Adjusted EBITDA less capital expenditures. Management believes that adjustments for certain non-cash or other items and the exclusion of certain pass-through revenue and expenses should enhance stockholders' ability to evaluate the Company’s performance, as such measures provide additional insights into the factors and trends affecting its business. Therefore, the Company excludes these items from its GAAP financial measures to calculate these unaudited non-GAAP measures. These unaudited non-GAAP measures may not be comparable to similarly titled measures reported by other companies and should be considered in addition to, and not as a substitute for GAAP.

Safe Harbor Statement
This press release contains forward-looking statements concerning our business, operations and financial performance and condition as well as our plans, objectives and expectations for our business operations and financial performance and condition that are subject to risks and uncertainties. All statements other than statements of historical fact included herein are forward-looking statements. You can identify these statements by words such as "aim," "anticipate," "assume," "believe," "could," "due," "estimate," "expect," "goal," "intend," "may," "objective," "plan," "potential," "positioned," "predict," "should," "target," "will," "would" and other similar expressions that are predictions of or indicate future events and future trends. These forward-looking statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and our management's beliefs and assumptions. These statements are not guarantees of future performance or development and involve known and unknown risks, uncertainties and other factors that are in some cases beyond our control. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including, the impact of supply chain issues; our ability to successfully execute our strategy; our ability to sustain profitability and positive cash flows; our ability to access sufficient financing on acceptable terms given the tightening credit markets due to the current banking environment; our ability to gain market acceptance for our products; our ability to win new contracts, execute contract extensions and expand scope of services on existing contracts; our ability to compete with companies that have greater resources than us; our ability to penetrate the commercial sector to expand our business; our ability to identify potential acquisition targets and close such acquisitions; our ability to successfully integrate acquired businesses with our existing operations; our ability to maintain a sufficient level of inventory necessary to meet our customers demand due to supply shortage and pricing; our ability to retain key personnel; our ability to mitigate the impact of increases in interest rates; the impact of increasingly volatile public equity markets on our market capitalization; the impact and outcome of negotiations around the Federal debt ceiling; our ability to mitigate the impact of inflation; and the risk factors set forth in our Form 10-Q for the quarter ended September 30, 2026 filed with the SEC on November 12, 2026.

The forward-looking statements included herein are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

WidePoint Investor Relations:
Gateway Group, Inc.
Matt Glover or John Yi
949-574-3860
WYY@gateway-grp.com

WIDEPOINT CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED UNAUDITED BALANCE SHEETS
	SEPTEMBER 30,				DECEMBER 31,
		2026				2025
ASSETS	(Unaudited)
CURRENT ASSETS
Cash and cash equivalents	$	10,103,515			$	9,818,503
Restricted cash		1,042,925				2,647,990
Accounts receivable, net of allowance for credit losses
of $134,996 and $57,454, respectively		13,926,953				15,002,571
Unbilled accounts receivable		46,456,528				33,548,228
Other current assets		16,173,725				5,196,613
Total current assets		87,703,646				66,213,905
NONCURRENT ASSETS
Property and equipment, net		331,649				480,082
Lease right of use asset		3,325,968				3,904,479
Intangible assets, net		2,554,282				3,352,296
Goodwill		5,811,578				5,811,578
Deferred tax assets, net		-				1,123
Other long-term assets		874,257				48,822
Total assets	$	100,601,380			$	79,812,285
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable	$	24,814,711			$	25,891,150
Accrued expenses		43,572,673				31,159,173
Current portion of deferred revenue		15,835,046				6,114,402
Current portion of lease liabilities		771,493				751,233
Total current liabilities		84,993,923				63,915,958
NONCURRENT LIABILITIES
Lease liabilities, net of current portion		3,337,801				3,930,495
Deferred revenue, net of current portion		800,045				435,151
Deferred tax liabilities, net		15,496				-
Total liabilities		89,147,265				68,281,604
Commitments and contingencies (Note 16)		-				-
STOCKHOLDERS' EQUITY
Preferred stock, $0.001 par value; 10,000,000 shares
authorized; 2,045,714 shares issued and none outstanding		-				-
Common stock, $0.001 par value; 30,000,000 shares
authorized; 10,028,316 and 9,892,565 shares
issued and outstanding, respectively		10,029				9,894
Additional paid-in capital		103,715,779				103,733,790
Accumulated other comprehensive loss		(389,726	)			(379,665	)
Accumulated deficit		(91,881,967	)			(91,833,338	)
Total stockholders’ equity		11,454,115				11,530,681
Total liabilities and stockholders’ equity	$	100,601,380			$	79,812,285

WIDEPOINT CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED UNAUDITED STATEMENTS OF OPERATIONS
				THREE MONTHS ENDED								NINE MONTHS ENDED
				SEPTEMBER 30,								SEPTEMBER 30,
					2026				2025				2026				2025
				(Unaudited)
REVENUES				$	45,066,908			$	35,526,949			$	123,642,520			$	106,320,797
COST OF REVENUES (including amortization and depreciation of
$261,479, $424,411, $813,530, and $1,402,836, respectively)					38,881,325				30,251,637				106,012,455				91,149,722
GROSS PROFIT					6,185,583				5,275,312				17,630,065				15,171,075
OPERATING EXPENSES
Sales and marketing					646,723				677,618				1,908,155				1,986,897
General and administrative expenses (including share-based
compensation of $110,241, $154,111, $533,892 and $518,988, respectively)					5,572,106				4,832,422				15,393,752				14,486,853
Depreciation and amortization					171,382				225,908				580,768				682,718
Total operating expenses					6,390,211				5,735,948				17,882,675				17,156,468
LOSS FROM OPERATIONS					(204,628	)			(460,636	)			(252,610	)			(1,985,393	)
OTHER INCOME (EXPENSE)
Interest income					68,191				83,439				257,350				226,209
Interest expense					(42,445	)			(47,671	)			(131,277	)			(155,126	)
Other income (expense), net					(70	)			93				49,358				590
Total other income (expense), net					25,676				35,861				175,431				71,673
LOSS BEFORE INCOME TAX PROVISION (BENEFIT)					(178,952	)			(424,775	)			(77,179	)			(1,913,720	)
INCOME TAX PROVISION (BENEFIT)					13,057				134,410				(28,551	)			(12,013	)
NET LOSS				$	(192,009	)		$	(559,185	)		$	(48,628	)		$	(1,901,707	)
EARNINGS PER SHARE, BASIC AND DILUTED				$	(0.02	)		$	(0.06	)		$	(0.00	)		$	(0.20	)
WEIGHTED-AVERAGE SHARES OUTSTANDING, BASIC AND DILUTED					10,018,287				9,655,173				9,928,651				9,598,478

WIDEPOINT CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED UNAUDITED STATEMENTS OF CASH FLOWS
				NINE MONTHS ENDED
				SEPTEMBER 30,
					2026				2025
				(Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss				$	(48,628	)		$	(1,901,707	)
Adjustments to reconcile net income (loss) to net cash provided by
(used in) operating activities:
Deferred income tax expense					10,200				50,200
Depreciation expense					597,013				699,768
Provision for credit losses					96,043				38,694
Amortization of intangibles					798,015				1,385,786
Share-based compensation expense					533,892				518,988
Non-cash lease expense					213,288				164,883
(Gain) loss on disposal of fixed assets					(49,043	)			8,161
Changes in assets and liabilities:
Accounts receivable and unbilled receivables					(11,942,864	)			6,784,375
Inventories					(8,459,836	)			(712,121	)
Other current assets					(2,520,191	)			(1,542,224	)
Other assets					(825,435	)			161,150
Accounts payable and accrued expenses					11,383,901				(1,124,995	)
Income tax payable					(76,746	)			(55,111	)
Deferred revenue and other liabilities					10,098,943				1,556,822
Other liabilities					(198,896	)			(152,483	)
Net cash (used in) provided by operating activities					(390,344	)			5,880,186
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment					(85,537	)			(140,918	)
Proceeds from the sale of property and equipment					49,043				-
Net cash used in investing activities					(36,494	)			(140,918	)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances on bank line of credit					-				2,800,000
Repayments of bank line of credit advances					-				(2,800,000	)
Principal repayments under finance lease obligations					(353,521	)			(412,299	)
Withholding taxes paid on behalf of employees on net settled equity awards					(551,768	)			(130,745	)
Net cash used in financing activities					(905,289	)			(543,044	)
Net effect of exchange rate on cash					12,074				(52,334	)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH					(1,320,053	)			5,143,890
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period					12,466,493				7,817,395
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period				$	11,146,440			$	12,961,285
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH CONSISTED OF THE FOLLOWING:
Cash and cash equivalents				$	10,103,515			$	12,128,422
Restricted cash					1,042,925				832,863
				$	11,146,440			$	12,961,285

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were WidePoint's third-quarter 2026 revenue and earnings?

WidePoint reported $45.1 million in revenue and a $192,009 net loss, or $0.02 per share, for the quarter ended September 30, 2026. A year earlier, revenue was $35.5 million and net loss was $559,185, or $0.06 per share.

How does WidePoint define free cash flow in its 2026 results?

WidePoint defines free cash flow as adjusted EBITDA less capital expenditures, rather than operating cash flow less capital expenditures. Adjusted EBITDA excludes items including stock-based compensation. These are non-GAAP measures and are not substitutes for GAAP financial results.

What were WidePoint's 2026 gross margins excluding carrier services revenue?

WidePoint's gross margin excluding carrier services revenue was 30% for the third quarter and 33% for the nine months ended September 30, 2026. Overall gross margin was 14% for both periods.