Castellum — Q3 2026 Earnings Summary

Castellum, Inc. reported third-quarter 2026 revenues of $14.7 million and a net loss of $0.5 million, while achieving a debt-free balance sheet with $24.5 million in combined cash and accounts receivable. The company's total scheduled backlog stood at $254.5 million, supported by a qualified opportunity pipeline that grew to approximately $1.66 billion. For the first nine months of 2026, revenues increased to $42.9 million, though Adjusted EBITDA declined to $1.0 million due to strategic investments in business development and M&A activities. Management expects record annual revenue for 2026 and views acquisitions as a primary driver for future scale and profitability.