WidePoint Corporation reported a revenue of $150.5 million for the fiscal year ending December 31, 2025, marking a 6% increase from $142.6 million in 2024. The growth was primarily driven by a $5.1 million increase in carrier services revenue, totaling $91.9 million, attributed to heightened contracting activity with federal customers. Managed services revenue also saw an uptick, rising by $3.3 million to $39.1 million, largely due to a new commercial contract and additional task orders. However, revenue from reselling and other services decreased by $0.7 million to $14.2 million, impacted by a partial contract termination.
The company's gross profit for 2025 was $21.0 million, representing 14% of total revenues, compared to $19.0 million or 13% in the previous year. The increase in gross margin was primarily due to improved margins in managed services, which rose to 36% from 34% in 2024. Despite the revenue growth, WidePoint reported a net loss of $2.7 million, or $0.28 per share, compared to a loss of $1.9 million, or $0.21 per share, in 2024. The increase in net loss was attributed to higher operating expenses, which rose to $23.8 million from $20.9 million, driven by increased general and administrative costs.
In terms of strategic developments, WidePoint achieved FedRAMP Authorized status for its Intelligent Technology Management System (ITMS) in February 2025, which is expected to enhance its competitive position in the government sector. The company is focusing on expanding its customer base and sales pipeline, particularly in the Department of Homeland Security's CWHS 3.0 re-compete, and plans to leverage its FedRAMP status to capture more government business. Additionally, WidePoint aims to grow its recurring managed services revenues and explore potential acquisitions to enhance its service offerings.
Operationally, WidePoint's customer base remains heavily weighted towards U.S. federal government contracts, which accounted for approximately 83% of total revenue in both 2025 and 2024. The company reported a total of 80 registered holders of its common stock as of March 19, 2026. The total employee headcount was not disclosed, but the company continues to invest in its business development and sales team to drive growth. The company also noted a significant increase in unbilled receivables, which stood at $33.5 million at the end of 2025, reflecting ongoing service delivery and billing delays.
Looking ahead, WidePoint anticipates continued revenue growth driven by its strategic initiatives and market opportunities, particularly in the government sector. The company plans to enhance its service offerings, including the integration of artificial intelligence to improve service delivery and information security. However, management acknowledges the potential challenges posed by market conditions and the need for ongoing investment in its technology and personnel to support growth objectives.
About WIDEPOINT CORP
WidePoint Corporation provides Technology Management as a Service (TMaaS), specializing in communications, identity management, cybersecurity, and IT solutions for government and enterprise clients. Its core offerings include telecom lifecycle management, digital billing, mobile and identity security, and cloud-based IT services. Serving primarily U.S. federal agencies and large enterprises worldwide, the company leverages certified secure platforms, strategic partnerships, and a flexible managed services model to deliver secure, scalable, and cost-effective technology solutions.
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