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Castellum
(NYSE MKT:CTM)
Castellum (CTM) vs. SPDR S&P 500 ETF (SPY)
Castellum Business Overview & Revenue Model
Castellum Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.60M | 44.77M | 45.24M | 42.19M | 25.07M | 13.34M |
| Gross Profit | 18.69M | 18.27M | 18.68M | 17.60M | 11.07M | 6.18M |
| EBITDA | -3.91M | -6.53M | -13.28M | -8.06M | -5.80M | 362.29K |
| Net Income | -5.51M | -9.98M | -17.80M | -14.91M | -7.55M | -2.71M |
Balance Sheet | ||||||
| Total Assets | 43.45M | 37.84M | 30.11M | 33.04M | 30.76M | 10.61M |
| Cash, Cash Equivalents and Short-Term Investments | 14.73M | 12.01M | 1.83M | 4.64M | 2.02M | 2.41M |
| Total Debt | 5.38M | 11.49M | 11.96M | 10.11M | 11.73M | 5.87M |
| Total Liabilities | 11.67M | 17.41M | 17.16M | 15.51M | 15.43M | 8.01M |
| Stockholders Equity | 31.77M | 20.43M | 12.95M | 17.53M | 15.32M | 2.61M |
Cash Flow | ||||||
| Free Cash Flow | -2.04M | 1.12M | -2.28M | 900.88K | -1.36M | 1.00M |
| Operating Cash Flow | -1.94M | 1.12M | -2.26M | 990.16K | -1.35M | 1.01M |
| Investing Cash Flow | 183.10K | 221.36K | -440.99K | -339.28K | 808.83K | -5.45K |
| Financing Cash Flow | 14.08M | 9.08M | -104.62K | 1.97M | 146.84K | 109.00K |
Castellum Technical Analysis
Castellum Risk Analysis
Castellum Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $68.67M | 1.09 | 15.52% | ― | 41.74% | -75.97% | |
59 Neutral | €6.21B | 12.87 | 2.05% | 2.02% | 2.92% | -48.52% | |
50 Neutral | $42.41M | ― | -144.42% | ― | 148.07% | 98.91% | |
49 Neutral | $94.86M | ― | -25.15% | ― | 4.17% | 73.67% | |
43 Neutral | $80.36M | 14.84 | -45.39% | ― | -15.39% | -50.66% | |
| ― | $29.50M | ― | -460.94% | ― | ― | ― | |
46 Neutral | $68.38M | ― | -36.39% | ― | ― | ― |
Castellum Corporate Events
On August 19, 2025, Castellum, Inc. and Tradewinds Networks, Inc. announced a reseller agreement where Castellum’s new subsidiary will resell Tradewinds’ GuardTower AI cybersecurity products. This partnership aims to enhance Castellum’s offerings in AI-driven cybersecurity solutions, providing advanced protection for national security, military, and commercial systems, thereby strengthening their market position in cybersecurity.
On August 14, 2025, Castellum, Inc. announced that investors exercised an aggregate of 3,673,666 warrants from their June 12, 2025 public offering, resulting in gross proceeds of approximately $4.5 million. This capital injection is seen as a strong vote of confidence in Castellum’s business plan, enhancing its financial position and supporting its growth initiatives as it moves towards the end of 2025 and into 2026.
On August 12, 2025, Castellum, Inc. announced a teaming agreement with Quarrio Corporation to enhance government processes with Quarrio’s TrustworthyAI™. This collaboration aims to leverage Castellum’s expertise in software deployments and cybersecurity to improve decision-making and data analytics within the government sector.
On August 4, 2025, Castellum, Inc. executed an agreement to extend the maturity date of a $400,000 note to March 1, 2026, and prepaid $2 million on a note payable to Robert Eisiminger, reducing the principal balance to $2 million. This move is part of Castellum’s debt reduction strategy, which has significantly lowered its total long-term debt to less than $3 million, strengthening its balance sheet and supporting its growth strategy aimed at securing major prime contracts.
On July 14, 2025, Castellum, Inc. released a letter to shareholders marking the one-year anniversary of CEO Glen Ives’s leadership. Over the past year, the company transitioned from a start-up phase to focusing on organic growth, raising over $16 million, reducing long-term debt, and securing a $103.3 million contract. Castellum has strengthened its leadership, established joint ventures, and improved its proposal quality, positioning itself as a competitive technology services provider committed to national security. The company’s strategic moves aim to enhance shareholder value and solidify its standing as a premier defense company.
On July 8, 2025, Castellum, Inc. announced a reseller agreement with AmpliTech Group, Inc. through its newly formed subsidiary, Castellum Advanced Technology Products, Inc. This partnership allows Castellum to resell AmpliTech’s products, such as low noise amplifiers, to its clients, enhancing its product offerings. The collaboration aims to leverage Castellum’s C5ISR capabilities with AmpliTech’s products to penetrate the government market more effectively, potentially strengthening both companies’ positions in the next-generation communications technology sector.
On June 24, 2025, Castellum, Inc. announced the creation of a new subsidiary, Castellum Advanced Technology Products, Inc. (CATP), to focus on advanced technology products. This strategic move aims to broaden Castellum’s support for the Department of Defense by teaming with leading-edge technology companies and developing technology internally, potentially increasing revenue and operating margins while enhancing organic growth capabilities.
On June 16, 2025, Castellum, Inc. announced the successful closing of its $5 million public offering of common stock and warrants. The proceeds from this offering are intended for working capital and general corporate purposes, potentially impacting the company’s operational capabilities and market positioning.
On June 12, 2025, Castellum, Inc. entered into a securities purchase agreement to sell 4,166,667 units, each consisting of one share of common stock and one warrant, in a public offering priced at $1.20 per unit, raising approximately $5 million before expenses. The offering, which closed on June 13, 2025, is expected to provide Castellum with funds for working capital and general corporate purposes, potentially impacting its operational capacity and market positioning.
On June 5, 2025, Castellum, Inc. announced the early retirement of a promissory note with the Buckhout Charitable Remainder Trust, initially issued in November 2019 for the acquisition of Corvus Consulting, LLC. This move significantly reduces the company’s long-term debt from over $12 million in December 2023 to less than $5 million, strengthening its balance sheet and enabling a continued focus on business growth and customer service.
On June 2, 2025, Castellum, Inc. announced its participation in the ‘2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow,’ which will be held from June 3rd to June 5th. The conference, presented by Maxim Group LLC, will explore the impact of emerging technologies like Quantum Computing and Artificial Intelligence across various industries, providing Castellum an opportunity to discuss its strategic positioning and technological advancements.
On May 28, 2025, Castellum held its annual stockholders meeting where four proposals were presented and voted on. Stockholders elected six directors, ratified the appointment of RSM US LLP as the independent accounting firm, approved an amendment to the stock incentive plan to increase shares to 9 million, and adopted the 2025 Employee Stock Purchase Plan.
On May 27, 2025, Castellum, Inc. announced details regarding its 2025 Annual Stockholders Meeting scheduled for May 28, 2025. The meeting will be held both in person and virtually, allowing stockholders to participate via live audio conference. Following the meeting, Castellum’s management will conduct an informal presentation and Q&A session, with presentation materials available on the company’s website. This announcement underscores Castellum’s commitment to transparency and engagement with its stakeholders, potentially impacting its operations and industry positioning.