Quarterly ResultMay 8, 2026, 06:47 AM
Castellum Q1 Revenue Up 23% to $14.3M; Net Loss Improves
AI Summary
Castellum, Inc. announced strong financial results for Q1 2026, with revenues increasing 23% to $14.3 million compared to the prior year. The company significantly improved its net loss to $0.4 million from $1.2 million in Q1 2025 and reported a record backlog of $273.3 million. Additionally, Castellum paid off its remaining long-term debt, ending the quarter with a debt-free balance sheet and $15.8 million in cash. Management highlighted continued organic growth, leveraging its CMMC Level 2 certification, and exploring strategic M&A opportunities.
Key Highlights
- Q1 2026 Revenue: $14.3 million, up 23% from $11.7 million in Q1 2025.
- Q1 2026 Net Loss: $0.4 million, improved from $1.2 million in Q1 2025.
- Q1 2026 Gross Profit: $5.1 million, up 11% from $4.6 million in Q1 2025.
- Q1 2026 Adjusted EBITDA: $0.4 million, compared to $0.08 million in Q1 2025.
- Record Total Backlog: $273.3 million as of March 31, 2026.
- Qualified Pipeline: $938 million as of March 31, 2026.
- Cash and cash equivalents: $15.8 million as of March 31, 2026.
- Remaining long-term debt was paid off during the quarter.