GlobeNewswire·Nov 5, 2026, 4:05 PM ET

Castellum Announces Third Quarter 2026 Financial Results

Castellum, Inc. reported Q3 2026 revenues of $14.7 million & a 9M 2026 revenue total of $42.9 million.
The company ended the quarter with $24.5 million in cash & accounts receivable while maintaining a debt-free balance sheet.
Total scheduled backlog stood at $254.5 million, comprised of $18.2 million in funded work & $236.3 million in unfunded work.
Qualified opportunity pipeline increased significantly to approximately $1.66 billion as of September 30, 2026.
Adjusted EBITDA for Q3 2026 was approximately $0.6 million, down from $1.1 million in the prior-year period.
GAAP net loss for Q3 2026 was $0.5 million ($0.01 per share) compared to a net loss of $1.1 million in Q2 2026.
The company was awarded a $32.8 million contract modification to its subsidiary, bringing the total value of the PMA-290 Special Missions contract to $136.2 million.
Management expects record revenue for the full year 2026 driven by long-term prime contracts secured in 2025.
Strategic investments in business development & M&A activities increased expenses, impacting near-term Adjusted EBITDA.
A conference call to discuss these results is scheduled for November 6, 2026, at 10:00 am ET.