CTM News & Events

Reports Q1 revenue $14.3M vs. $11.7M last year. Cash and cash equivalents as of March 31 was $15.8M, as compared to $14.9M at December 31, 2025. Glen Ives, President and CEO of Castellum, commented, "Our strong Q1 2026 results reflect the momentum we built throughout a standout 2025, when we secured over $219M in contracts across three major, long-term prime wins and deepened our relationships with the U.S. Navy and other key federal customers. The 23% revenue increase for Q1 2026 was driven by production ramp-up of these new contract wins. We ended the quarter with a record backlog of approximately $273M which provides us with multi-year revenue visibility. We currently expect to recognize approximately 16% of this backlog over the next 12 months and approximately 49% over the next 24 months, with the remainder recognized thereafter. Similarly, the pipeline of qualified opportunities continues to increase, and we had $938M in identified opportunities at quarter-end, which is a testament of the strength of our strategy and the competitiveness of our offerings for complex, mission-critical programs in cybersecurity, electronic warfare, and advanced engineering."

Castellum announces that it has retired in full the $400,000 principal balance on its sole remaining note payable to Emil Kaunitz. "This note represented the last vestige of debt incurred to complete our seven acquisitions to date. This final step to de-lever our balance sheet and 'clear the table' readies Castellum for our next phase of growth through investment," states David Bell, CFO of Castellum.

Castellum announces that its Specialty Systems subsidiary has been re-awarded the $49.8M five-and a half year contract for Software Support Activities support of the Naval Air Warfare Center Aircraft Division Lakehurst. Under the terms of the NAWCAD LKE Contract, SSI will provide SSA and cyber engineering for new and in-service mission-critical Naval systems, including: Electromagnetic Aircraft Launch System, Advanced Arresting Gear, Advanced Recovery Control, Landing Aid Systems, ALRE Information Systems, and other ALRE capabilities essential to naval aviation readiness and fleet operations.