Castellum, Inc. (CTM)
XASE:CTM
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Castellum
(NYSE MKT:CTM)
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Rating:56Neutral
Price Target:
$0.56
▼(-44.50% Downside)
Action:ReiteratedDate:04/01/26
The score is anchored by improved fundamentals (profitability rebound and much lower leverage), but is held back by weak cash flow in 2025 and very bearish technicals. Positive corporate developments (debt elimination and sizable contract wins) provide an offset but don’t fully overcome the cash-flow and price-trend risks.
Positive Factors
Strengthened balance sheet
A materially de-levered balance sheet and larger equity base reduce financial risk and provide durable flexibility. Low leverage supports investment in bidding, working capital, or M&A without immediate refinancing pressure, improving the company's capacity to execute multi-year government contracts.
Negative Factors
Weak and volatile cash flow
Negative and inconsistent cash generation constrains reinvestment in hiring, technology, or M&A and increases reliance on external funding or equity raises. For a services contractor, volatile cash conversion undermines the durability of margins and raises execution risk on staffed, time-and-materials contracts.
Read all positive and negative factors
Positive Factors
Negative Factors
Strengthened balance sheet
A materially de-levered balance sheet and larger equity base reduce financial risk and provide durable flexibility. Low leverage supports investment in bidding, working capital, or M&A without immediate refinancing pressure, improving the company's capacity to execute multi-year government contracts.
Read all positive factors
Castellum (CTM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$61.81M
Dividend YieldN/A
Average Volume (3M)1.10M
Price to Earnings (P/E)―
Beta (1Y)1.61
Revenue Growth11.09%
EPS Growth64.29%
CountryUS
Employees238
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.01
Shares Outstanding94,612,750
10 Day Avg. Volume1,224,916
30 Day Avg. Volume1,104,767
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)2.39
Price to Sales (P/S)1.62
P/FCF Ratio-40.73
Enterprise Value/Market Cap0.78
Enterprise Value/Revenue0.91
Enterprise Value/Gross Profit2.49
Enterprise Value/Ebitda-38.86
Forecast
1Y Price Target
$3.50Price Target Upside250.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.03
Revenue Forecast (FY)$61.00M
Castellum Business Overview & Revenue Model
Company Description
Castellum, Inc. provides services in the areas of cybersecurity, information technology, electronic warfare, information warfare, and information operations. The company offers intelligence analysis, software development, software engineering, pro...
How the Company Makes Money
Castellum makes money primarily by performing contracted services for government customers and, to a lesser extent, other organizations. Its revenue model is centered on winning and executing service contracts (including task orders under broader ...
Castellum Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
76
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 52.87M | 44.76M | 45.24M | 42.19M | 25.07M |
| Gross Profit | 19.37M | 18.27M | 18.68M | 17.60M | 11.07M |
| EBITDA | -1.32M | -6.53M | -13.28M | -8.06M | -5.80M |
| Net Income | -2.40M | -9.98M | -17.80M | -14.91M | -7.55M |
Balance Sheet | |||||
| Total Assets | 47.62M | 37.84M | 30.11M | 33.04M | 30.76M |
| Cash, Cash Equivalents and Short-Term Investments | 14.88M | 12.01M | 1.83M | 4.64M | 2.02M |
| Total Debt | 1.22M | 11.49M | 11.96M | 10.11M | 11.73M |
| Total Liabilities | 11.87M | 17.66M | 17.16M | 15.51M | 15.43M |
| Stockholders Equity | 35.75M | 20.18M | 12.95M | 17.53M | 15.32M |
Cash Flow | |||||
| Free Cash Flow | -2.10M | 1.12M | -2.28M | 900.88K | -1.36M |
| Operating Cash Flow | -1.95M | 1.12M | -2.26M | 990.16K | -1.35M |
| Investing Cash Flow | -159.77K | 221.36K | -440.99K | -339.28K | 808.83K |
| Financing Cash Flow | 4.74M | 9.08M | -104.62K | 1.97M | 146.84K |
Castellum Technical Analysis
Negative
1.00
Price Trends
0.82
Negative
0.93
Negative
1.03
Negative
Market Momentum
-0.06
Negative
39.13
Neutral
81.12
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CTM, the sentiment is Negative. The current price of 1 is above the 20-day moving average (MA) of 0.69, above the 50-day MA of 0.82, and below the 200-day MA of 1.03, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 39.13 is Neutral, neither overbought nor oversold. The STOCH value of 81.12 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CTM.
Castellum Risk Analysis
Castellum disclosed 39 risk factors in its most recent earnings report. Castellum reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Castellum Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $9.43B | 13.00 | 81.85% | 2.60% | 2.42% | 3.05% | |
68 Neutral | $3.98B | 13.47 | 23.73% | 1.69% | -0.38% | 31.38% | |
68 Neutral | $19.25B | 16.69 | 31.07% | 0.87% | 6.48% | 22.17% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $5.99B | 29.66 | 9.48% | ― | -0.24% | 389.03% | |
56 Neutral | $61.81M | -35.66 | -7.36% | ― | 11.09% | 64.29% | |
47 Neutral | $87.53M | 324.24 | -1.02% | 0.95% | 6.36% | 73.88% |
* Technology Sector Average
CTM
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-32.12%
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CSPI
CSP
8.83
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-13.72%
Castellum Corporate Events
Business Operations and StrategyFinancial Disclosures
Castellum Eliminates Acquisition Debt, Enters Phase 3 Growth
Positive
Feb 17, 2026
On February 17, 2026, Castellum, Inc. announced it had fully repaid the $400,000 principal on its last remaining note payable, eliminating all debt tied to seven acquisitions completed during its startup “Phase 1.” Management highlight...
Business Operations and StrategyFinancial Disclosures
Castellum Wins Major Navy Recompete, Extends Growth Momentum
Positive
Jan 8, 2026
On January 7, 2026, Castellum’s Specialty Systems, Inc. subsidiary was re-awarded a $49.8 million, five-and-a-half-year recompete contract to provide software support activities and cyber engineering for mission-critical systems at the Naval...
Executive/Board Changes
Castellum updates senior executive compensation and contracts
Neutral
Jan 2, 2026
Effective January 1, 2026, Castellum, Inc. implemented changes to its senior executive employment arrangements, including compensation and notice provisions. The company entered into an at‑will employment agreement with General Counsel Tammy...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.