Castellum, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $52.9M | $44.8M | $45.2M | $42.2M | $25.1M |
| Cost of revenue | $33.5M | $26.5M | $26.6M | $24.6M | $14.0M |
| Gross profit | $19.4M | $18.3M | $18.7M | $17.6M | $11.1M |
| Operating expenses | $22.2M | $25.5M | $35.3M | $27.6M | $18.8M |
| Operating income | -$2.8M | -$7.2M | -$16.7M | -$10.0M | -$7.7M |
| Interest expense | $0 | $209,622 | $1.4M | $1.5M | $1.6M |
| Pretax income | -$2.2M | -$9.9M | -$19.1M | -$14.1M | -$10.2M |
| Income tax expense | $207,980 | $68,032 | -$1.3M | $819,596 | -$2.7M |
| Net income | -$2.4M | -$10.0M | -$17.8M | -$14.9M | -$7.5M |
| Balance Sheet | |||||
| Current assets | $24.6M | $18.9M | $9.5M | $10.7M | $8.2M |
| Total assets | $41.9M | $37.8M | $30.1M | $33.0M | $30.8M |
| Current liabilities | $5.6M | $9.8M | $8.0M | $7.8M | $5.1M |
| Total liabilities | $6.2M | $17.7M | $17.2M | $15.5M | $15.4M |
| Stockholders' equity | $35.8M | $20.2M | $12.9M | $17.5M | $15.3M |
| Cash Flow Statement | |||||
| Cash from operations | -$1.9M | $1.1M | -$2.3M | $990,163 | -$1.4M |
| Depreciation and amortization | $1.5M | $2.2M | $2.5M | $2.0M | $1.9M |
| Stock-based compensation | $2.5M | $5.4M | $7.5M | $8.8M | $6.9M |
| Capital expenditure | $151,741 | $3,317 | $18,271 | $89,282 | $10,218 |
| Free cash flow | -$2.1M | $1.1M | -$2.3M | $900,881 | -$1.4M |
| Impairments | $0 | $0 | $6.9M | $0 | $0 |
Shares outstanding 94.7M · Free float 65.1%
Annual filing data through FY ended December 31, 2025; float as of July 16, 2026.