Castellum, Inc. — Form 8-K
Filed August 7, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 45/100
What the filing says
Castellum reported H1 2026 revenues of $28.2M (up 10% YoY from $25.7M), with gross profit of $9.8M. Q2 2026 revenues were flat at $13.9M (vs. $14.0M in Q2 2025). The company ended June 30, 2026 debt-free with $16.9M cash (up $2.0M from year-end 2025), a total backlog of $271.7M, and a qualified pipeline of $953.5M. Net loss for H1 2026 was $(1.4)M ($(0.02) per share), vs. $(1.5)M in H1 2025. Management expects full-year 2026 record revenue and plans selective M&A while maintaining debt-free operations.
Why this rating
Revenue growth (10% H1) and strong backlog ($271.7M ≈ 277% of market cap) are encouraging for a $98M company. However, unprofitability, Q2 flat revenue, and declining EBITDA limit near-term impact. Solid strategic positioning but execution risk remains.
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