CTM · Castellum, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.29M | - | $14.62M | $14.02M | $11.66M | - | $11.74M | $11.52M | $11.34M | - |
| Cost of Revenue | $9.23M | - | $9.13M | $8.96M | $7.11M | - | $6.65M | $6.85M | $6.82M | - |
| Gross Profit | $5.06M | - | $5.49M | $5.06M | $4.55M | - | $4.96M | $4.67M | $4.52M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $2.65M | - | $2.38M | $2.73M | $3.14M | - | $3.40M | $3.52M | $4.24M | - |
| Total Operating Expenses | $5.76M | - | $5.05M | $5.44M | $6.04M | - | $6.34M | $6.24M | $7.19M | - |
| D&A | $325.0K | - | $18.8K | $16.5K | $378.2K | - | $38.9K | $39.8K | $598.0K | - |
| Operating Income | ($698.0K) | - | $445.3K | ($383.5K) | ($1.49M) | - | ($1.38M) | ($1.57M) | ($2.67M) | - |
| Interest Expense | $0 | - | $69.6K | $126.1K | $28.7K | - | $181.5K | $150.5K | $14.4K | - |
| Income Tax | $6.7K | - | $106.7K | ($75.8K) | $74.3K | - | ($257.5K) | $120.5K | $133.9K | - |
| Net Income | ($351.3K) | - | $415.4K | ($322.1K) | ($1.17M) | - | ($1.28M) | ($1.85M) | ($4.11M) | - |
| EPS - Basic | $0.00 | - | $0.00 | $0.00 | ($0.01) | - | ($0.02) | ($0.03) | ($0.08) | - |
| EPS - Diluted | $0.00 | - | $0.00 | $0.00 | ($0.01) | - | ($0.02) | ($0.03) | ($0.08) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $15.77M | $14.88M | $17.82M | $14.73M | $13.29M | $12.26M | $2.74M | $2.41M | $2.25M | $1.83M |
| Accounts Receivable | $7.71M | $8.18M | $9.37M | $9.26M | $8.27M | $5.51M | $5.61M | $6.37M | $6.94M | $6.88M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $25.00M | $24.65M | $28.65M | $25.34M | $22.65M | $18.89M | $9.33M | $9.36M | $9.78M | $9.50M |
| Total Assets | $41.82M | $41.90M | $46.25M | $43.45M | $41.11M | $37.84M | $28.84M | $29.47M | $30.47M | $30.11M |
| Current Liabilities | $5.19M | $5.60M | $6.86M | $7.00M | $7.74M | $9.82M | $8.40M | $8.43M | $8.25M | $7.98M |
| Long-term Debt | - | - | - | - | - | $8.00M | $8.30M | $8.65M | $9.02M | $8.07M |
| Total Liabilities | $5.68M | $6.15M | $9.52M | $11.67M | $15.01M | $17.66M | $16.82M | $17.39M | $17.64M | $17.16M |
| Stockholders' Equity | $36.14M | $35.75M | $36.73M | $31.77M | $26.10M | $20.18M | $12.03M | $12.08M | $12.83M | $12.95M |
| Retained Earnings | ($56.97M) | ($56.59M) | ($55.24M) | ($55.63M) | ($55.28M) | ($54.08M) | ($51.31M) | ($50.00M) | ($48.12M) | ($43.98M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.29M | - | - | - | ($2.50M) | - | - | - | $23.7K | - |
| Investing Cash Flow | $24.3K | - | - | - | $4.4K | - | - | - | $0 | - |
| Financing Cash Flow | ($426.8K) | - | - | - | $3.53M | - | - | - | $395.7K | - |
| CapEx | $0 | - | - | - | - | - | - | - | $0 | - |
| Free Cash Flow | $1.29M | - | - | - | - | - | - | - | $23.7K | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 35.4% | - | 37.6% | 36.1% | 39.0% | - | 42.2% | 40.6% | 39.8% | - |
| Operating margin | -4.9% | - | 3.0% | -2.7% | -12.7% | - | -11.8% | -13.6% | -23.6% | - |
| EBITDA margin | -2.6% | - | 3.2% | -2.6% | -9.5% | - | -11.4% | -13.3% | -18.3% | - |
| Net margin | -2.5% | - | 2.8% | -2.3% | -10.0% | - | -10.9% | -16.0% | -36.3% | - |
| Free cash flow margin | 9.0% | - | - | - | - | - | - | - | 0.2% | - |
| FCF / Net income | -3.67 | - | - | - | - | - | - | - | -0.01 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 18.6% | - | 16.3% | 19.5% | 26.9% | - | 28.9% | 30.5% | 37.4% | - |
| Effective tax rate | - | - | 20.4% | - | - | - | - | - | - | - |
| Return on assets | -0.8% | - | 0.9% | -0.7% | -2.8% | - | -4.4% | -6.3% | -13.5% | - |
| Return on equity | -1.0% | - | 1.1% | -1.0% | -4.5% | - | -10.6% | -15.3% | -32.1% | - |
| Return on invested capital | - | - | - | - | - | - | -5.4% | -6.0% | -9.7% | - |
| Liquidity | ||||||||||
| Current ratio | 4.81 | 4.40 | 4.17 | 3.62 | 2.93 | 1.92 | 1.11 | 1.11 | 1.19 | 1.19 |
| Quick ratio | 4.81 | 4.40 | 4.17 | 3.62 | 2.93 | 1.92 | 1.11 | 1.11 | 1.19 | 1.19 |
| Cash ratio | 3.04 | 2.66 | 2.60 | 2.10 | 1.72 | 1.25 | 0.33 | 0.29 | 0.27 | 0.23 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | 0.40 | 0.69 | 0.72 | 0.70 | 0.62 |
| Debt / Assets | - | - | - | - | - | 0.21 | 0.29 | 0.29 | 0.30 | 0.27 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | 6.4x | -3.0x | -51.9x | - | -7.6x | -10.4x | -185.5x | - |
| Equity multiplier | 1.16 | 1.17 | 1.26 | 1.37 | 1.58 | 1.87 | 2.40 | 2.44 | 2.38 | 2.33 |
| Liabilities / Assets | 0.14 | 0.15 | 0.21 | 0.27 | 0.37 | 0.47 | 0.58 | 0.59 | 0.58 | 0.57 |
| Efficiency | ||||||||||
| Asset turnover | 0.34 | - | 0.32 | 0.32 | 0.28 | - | 0.41 | 0.39 | 0.37 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 197d | - | 234d | 241d | 259d | - | 174d | 202d | 224d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 1.5x | - | 2.7x | 2.9x | 3.3x | - | 0.8x | 0.9x | 1.1x | - |
| P / S | 3.9x | - | 6.7x | 6.5x | 7.4x | - | 0.9x | 0.9x | 1.3x | - |
| EV / EBITDA | - | - | 172.5x | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 22.5% | - | 24.5% | 21.7% | 2.9% | - | 0.0% | 4.2% | 13.5% | - |
| Revenue CAGR (3y) | 12.7% | - | 25.6% | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 11.1% | - | 10.7% | 8.3% | 0.9% | - | 2.5% | -0.3% | 9.2% | - |
| Operating income growth (YoY) | 53.0% | - | - | 75.6% | 44.4% | - | 83.9% | 17.1% | 42.8% | - |
| Net income growth (YoY) | 70.0% | - | - | 82.6% | 71.5% | - | 86.1% | 12.0% | 4.9% | - |
| EPS growth (YoY) | - | - | - | - | 87.5% | - | 89.5% | 85.0% | -14.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | 38.3% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 38.5% | 77.2% | 205.4% | 163.0% | 103.4% | 55.9% | -12.7% | -45.2% | -44.0% | -26.1% |
Peer comparison
Same SIC group: Services-Management Consulting Services
Comparing Castellum against the 5 most active filers in the same SIC group.