Saturday 7 November 2026
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Castellum, Inc.
CTM Technology Information Technology Services
Castellum, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $52.9 million, up 18.1% from fiscal 2024.
- Revenue
- +0.56%
- EPS
- −210.9%
- Free cash flow
- −234.3%
Quarter to September 2026, against a year earlier
0.37
0.10
−21.28%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 1 | 13 | 25 | 42 | 45 | 45 | 53 | 55 | +89.7% | 56 | 60 | — | +6.6% | |
| Gross margin, % | — | — | 0.00 | 24.58 | 46.31 | 44.18 | 41.71 | 41.28 | 40.81 | 36.64 | 34.91 | +36.6 pt | ||||||
| EBT | — | — | 0 | (1) | (4) | (10) | (14) | (19) | (10) | (2) | (3) | +24.9% | ||||||
| EBT margin, % | — | — | 0.00 | (95.93) | (28.22) | (40.70) | (33.39) | (42.12) | (22.14) | (4.14) | (5.43) | (4.1) pt | ||||||
| Net income | — | — | 0 | (1) | (3) | (8) | (15) | (18) | (10) | (2) | (3) | +26.5% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | 0.00 | 0.11 | 0.82 | 1.37 | 1.54 | 0.96 | 0.81 | 0.57 | 0.58 | n/m | |||||
| Earnings | — | — | (0.08) | (0.08) | (0.17) | (0.40) | (0.55) | (0.38) | (0.18) | (0.03) | (0.03) | (13.1%) | ||||||
| Cash flow | — | — | (0.05) | (0.02) | 0.06 | (0.07) | 0.04 | (0.05) | 0.02 | (0.02) | 0.00 | (11.8%) | ||||||
| Capex | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | — | — | (0.05) | (0.02) | 0.06 | (0.07) | 0.03 | (0.05) | 0.02 | (0.02) | 0.00 | (10.9%) | ||||||
| Book value | — | — | (0.15) | 0.37 | 0.16 | 0.84 | 0.64 | 0.27 | 0.37 | 0.38 | 0.38 | n/m | ||||||
| Shares, m | — | — | 6 | 10 | 16 | 18 | 27 | 47 | 55 | 93 | 94 | +48.1% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | 0.00 | 0.00 | 0.00 | 0.77 | 0.30 | 2.47 | 1.58 | 0.63 | 0.7 | ||||||
| P/B | — | — | — | 0.00 | 0.00 | 23.64 | 1.86 | 1.06 | 5.48 | 2.34 | 0.97 | 4.9 | ||||||
| EV/Sales | — | — | — | 0.00 | 0.00 | 0.00 | 0.86 | 0.46 | 2.40 | 1.38 | 0.42 | 0.7 | ||||||
| EV/FCF | — | — | — | 0.00 | 0.00 | (189.26) | 40.06 | (9.15) | 95.95 | (34.68) | 72.78 | (13.9) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | 0 | 0 | 1 | (1) | 1 | (2) | 1 | (2) | 0 | +30.6% | |||||
| Capex | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | +46.4% | ||||||
| Free cash flow | — | — | 0 | 0 | 1 | (1) | 1 | (2) | 1 | (2) | 0 | +32.0% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | (1) | 2 | 3 | 3 | 3 | 2 | 9 | 19 | 21 | n/m | |||||
| Net debt | — | — | 1 | 3 | 3 | 10 | 3 | 7 | (3) | (15) | (16) | n/m | ||||||
| Shareholders’ equity | — | — | (1) | 4 | 3 | 15 | 18 | 13 | 20 | 36 | 36 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | 0.00 | (14.62) | (24.80) | (36.54) | (47.05) | (56.75) | (29.73) | (6.28) | (7.38) | (6.3) pt | |||||
| ROIC | — | — | 0.00 | 0.00 | (15.12) | (19.30) | (29.75) | (51.72) | (26.67) | (8.43) | (11.34) | (8.4) pt | ||||||
| ROE | — | — | 0.00 | (58.60) | (85.54) | (84.32) | (91.37) | (117.58) | (60.97) | (8.96) | (8.93) | (9.0) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 213 | 207 | 260 | 238 | 244 | — | +3.5% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.00 | 0.12 | 0.20 | 0.17 | 0.19 | 0.22 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Castellum, Inc. vs peers in Information Technology Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TTEC TeleTech Holdings, Inc. | $73.0M | — (loss-making) | — (loss-making) | −11.31% (below 0%: shrinking) | n/m | −54.78% (below 0%: shrinking) | 21.44% | 2.42% | Compare |
| CSPI CSP Inc. | $72.3M | — (loss-making) | 17.1× | −6.80% (below 0%: shrinking) | n/m | +113.35% (above 0%: growing) | 30.09% | (10.71%) | Compare |
| WYY WidePoint Corporation | $61.8M | — (loss-making) | 256× | +1.92% (above 0%: growing) | n/m | −103.84% (below 0%: shrinking) | 15.39% | 0.03% | Compare |
| CTM Castellum, Inc. | $44.9M | — (loss-making) | — (loss-making) | +0.56% (above 0%: growing) | n/m | −234.29% (below 0%: shrinking) | 36.05% | (3.84%) | |
| SAIH SAIHEAT Limited | $39.4M | — (loss-making) | — | — | n/m | −2,693.33% (below 0%: shrinking) | 11.20% | 0.00% | Compare |
| TDTH Trident Digital Tech Holdings Ltd | $38.0M | — | — | — | — | — | — | — | Compare |
| ZONE Zone Frontier Inc. | $30.8M | — (loss-making) | — | −0.40% (below 0%: shrinking) | n/m | −2,753.59% (below 0%: shrinking) | 49.85% | (1,129.57%) | Compare |
| AIOS AIOS Tech Inc. | $29.4M | 0.1× | 0.3× | +86.74% (above 0%: growing) | n/m | +102.58% (above 0%: growing) | 15.66% | 0.00% | Compare |
| CLPS CLPS Incorporation | $27.8M | 4.0× | 7.3× | +8.64% (above 0%: growing) | −150.00% (below 0%: shrinking) | +78.34% (above 0%: growing) | 21.77% | 0.00% | Compare |
| Median of peers | $38.7M | — | 12.2× | +0.76% | — | −54.78% | 21.44% | 0.00% |
Pay and ownership Proxy statement filed 7 April 2026
Ownership
Directors and executive officers, together
8.39% of the votes
Jay O. Wright
9.65% of the votes
Mark C. Fuller
5.32% of the votes
Glen R. Ives
3.29% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement