Castellum, Inc. Reports Q2 2026 Financial Results with Revenue of $13.9 Million and Net Loss of $1.0 Million

Castellum, Inc. reported its financial results for the second quarter of 2026, revealing revenues of $13.9 million, a slight decrease from $14.0 million in the same period of 2025. For the first half of 2026, the company generated $28.2 million in revenue, up from $25.7 million year-over-year. Despite the increase in revenue for the six-month period, Castellum experienced a net loss of $1.0 million for the quarter, compared to a loss of $322,000 in the prior year. The net loss for the first half of 2026 was $1.4 million, slightly improved from a loss of $1.5 million in the same period of 2025.

The company’s cost of revenues for the second quarter was $9.1 million, leading to a gross profit of $4.7 million. Operating expenses increased to $5.8 million from $5.4 million in the previous year, primarily due to higher general and administrative costs. The increase in operating expenses contributed to a loss from operations of $1.1 million for the quarter, compared to a loss of $384,000 in the same quarter of 2025. The company’s accumulated deficit grew to $58.0 million as of June 30, 2026, from $56.6 million at the end of 2025.

In terms of strategic developments, Castellum has been actively pursuing acquisitions to enhance its capabilities in information technology and cybersecurity. The company has made several acquisitions since November 2019, including Corvus Consulting and Mainnerve Federal Services, which are expected to bolster its service offerings in governmental and commercial markets. The company continues to explore additional acquisition opportunities to expand its market presence.

Operationally, Castellum reported a total of 94.7 million shares outstanding as of June 30, 2026, reflecting a modest increase from 94.6 million shares at the end of 2025. The company’s cash position improved to $16.9 million, up from $14.9 million at the end of the previous fiscal year. This increase in cash is attributed to improved cash flow from operating activities, which generated $2.4 million in the first half of 2026, compared to a cash outflow of $2.3 million in the same period of 2025.

Looking ahead, Castellum anticipates continued revenue growth driven by its strategic initiatives and market demand for its services. However, the company acknowledges potential risks, including fluctuations in government spending and competition in contract bidding processes. Management remains focused on executing its growth strategies while navigating the challenges posed by the current economic and regulatory environment.