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Castellum
(CTM)
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Rating:50Neutral
Price Target:
$0.63
▲(0.81% Upside)
Action:Reiterated
Date:07/03/26
CTM scores neutral overall primarily due to improving fundamentals—renewed revenue growth, sharply reduced losses, and a return to positive operating/free cash flow—balanced by ongoing unprofitability and a balance-sheet quality red flag (equity at 0). Technicals are mixed-to-weak with the stock below key moving averages, while recent defense contract/certification catalysts provide a modest positive offset.
Positive Factors
Improved cash generation
The return to positive operating and free cash flow is a durable improvement in cash generation capacity. Sustained positive FCF supports reinvestment in capability buildouts, bid competitiveness on fixed-price task orders, and reduces reliance on external funding as the firm scales government services.
Negative Factors
Balance-sheet quality red-flag
Reported zero stockholders' equity signals balance-sheet fragility and potential prior losses or accounting issues that limit capital buffer. This reduces resilience to contract funding delays, constrains borrowing capacity for growth, and elevates stakeholder risk during cyclical defense budget shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
The return to positive operating and free cash flow is a durable improvement in cash generation capacity. Sustained positive FCF supports reinvestment in capability buildouts, bid competitiveness on fixed-price task orders, and reduces reliance on external funding as the firm scales government services.
Read all positive factors
Castellum (CTM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$67.97M
Dividend YieldN/A
Average Volume (3M)7.44M
Price to Earnings (P/E)―
Beta (1Y)1.79
Revenue Growth23.06%
EPS Growth85.03%
CountryUS
Employees244
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.02
Shares Outstanding94,698,940
10 Day Avg. Volume1,027,407
30 Day Avg. Volume7,440,276
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)2.39
Price to Sales (P/S)1.62
P/FCF Ratio-40.73
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$3.50Price Target Upside464.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.02
Revenue Forecast (FY)$63.00M
Castellum Business Overview & Revenue Model
Company Description
Castellum, Inc. is a firm specializing in providing advanced services across critical domains such as cybersecurity, information technology, electronic warfare, and both information warfare and operations. Its comprehensive suite of capabilities e...
How the Company Makes Money
Castellum makes money primarily by selling professional services and solutions—especially cybersecurity, IT, and engineering/mission-support services—to U.S. government customers under contract. Revenue is generated largely through government cont...
Castellum Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
50
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.49M | 52.87M | 44.76M | 45.24M | 42.19M | 25.07M |
| Gross Profit | 19.88M | 19.37M | 18.27M | 18.68M | 17.60M | 11.07M |
| EBITDA | 39.19K | -285.54K | -6.53M | -13.28M | -8.06M | -5.80M |
| Net Income | -1.58M | -2.40M | -9.98M | -17.80M | -14.91M | -7.55M |
Balance Sheet | ||||||
| Total Assets | 41.82M | 47.62M | 37.84M | 30.11M | 33.04M | 30.76M |
| Cash, Cash Equivalents and Short-Term Investments | 15.77M | 14.88M | 12.01M | 1.83M | 4.64M | 2.02M |
| Total Debt | 738.26K | 1.22M | 11.49M | 11.96M | 10.11M | 11.73M |
| Total Liabilities | 5.68M | 11.87M | 17.66M | 17.16M | 15.51M | 15.43M |
| Stockholders Equity | 36.14M | 35.75M | 20.18M | 12.95M | 17.53M | 15.32M |
Cash Flow | ||||||
| Free Cash Flow | 1.44M | -2.10M | 1.12M | -2.28M | 900.88K | -1.36M |
| Operating Cash Flow | 1.84M | -1.95M | 1.12M | -2.26M | 990.16K | -1.35M |
| Investing Cash Flow | -139.89K | -159.77K | 221.36K | -440.99K | -339.28K | 808.83K |
| Financing Cash Flow | 778.30K | 4.74M | 9.08M | -104.62K | 1.97M | 146.84K |
Castellum Technical Analysis
Positive
0.62
Price Trends
0.71
Positive
0.71
Positive
0.86
Negative
Market Momentum
-0.02
Negative
41.06
Neutral
60.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CTM, the sentiment is Positive. The current price of 0.62 is below the 20-day moving average (MA) of 0.66, below the 50-day MA of 0.71, and below the 200-day MA of 0.86, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 41.06 is Neutral, neither overbought nor oversold. The STOCH value of 60.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $4.95B | 13.10 | 27.22% | 1.24% | -2.90% | 24.61% | |
68 Neutral | $8.39B | 10.91 | 71.90% | 3.14% | -7.27% | -22.00% | |
68 Neutral | $14.54B | 10.48 | 29.15% | 1.51% | 2.34% | 10.44% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $4.72B | 30.07 | 6.01% | ― | -5.84% | -60.23% | |
50 Neutral | $67.97M | -40.78 | -4.50% | ― | 23.06% | 85.03% | |
50 Neutral | $79.67M | -637.90 | -0.22% | 1.51% | 5.47% | 92.26% |
* Technology Sector Average
CTM
Castellum
0.72
-0.47
-39.75%
BAH
Booz Allen
69.72
-38.79
-35.74%
SAIC
Science Applications
117.13
5.52
4.94%
LDOS
Leidos Holdings
115.60
-43.68
-27.42%
CSPI
CSP
7.91
-2.35
-22.93%
PSN
Parsons
44.21
-30.39
-40.74%
Castellum Corporate Events
Business Operations and StrategyExecutive/Board Changes
Castellum Extends CEO Tenure and Updates Compensation
Positive
Jul 2, 2026
On July 1, 2026, Castellum, Inc. amended the employment agreement of President and CEO Glen R. Ives, extending his term by eighteen months to December 31, 2027 and granting him 773,630 incentive stock options at an exercise price of $0.73, vesting...
Business Operations and Strategy
Castellum Wins Key U.S. Navy Modernization Subcontract
Positive
Jun 24, 2026
On June 23, 2026, Castellum announced that President and CEO Glen Ives will present at the Maxim Group Defense Tech and Domestic Supply Chain Virtual Conference on June 25, 2026. He is scheduled for a one-on-one virtual fireside chat at 10:00 a.m....
Business Operations and Strategy
Castellum JV Wins Spot on Navy Logistics IT Contract
Positive
Jun 15, 2026
On June 15, 2026, Castellum, Inc. announced that its joint venture CTM JV, LLC secured a position on the U.S. Navy’s Logistics IT Integration and Support Capability Modernization, Deployment, and Support multiple award contract, an IDIQ vehi...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Castellum Stockholders Approve Directors and Expanded Incentive Plan
Positive
May 20, 2026
At its annual meeting of stockholders held on May 19, 2026, Castellum, Inc. stockholders elected five directors, including Mark S. Alarie, John F. Campbell, Bernard S. Champoux, Glen R. Ives and C. Thomas McMillen, to serve until the next annual m...
Business Operations and StrategyShareholder Meetings
Castellum Highlights Investor Engagement Ahead of 2026 Meeting
Neutral
May 18, 2026
Castellum, Inc., a cybersecurity, electronic warfare and software services provider focused on the U.S. federal government and commercial markets, offers a broad portfolio spanning systems engineering, data analytics and specialized expertise in A...
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.