Castellum, Inc. (CTM)
XASE:CTM
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Castellum
(NYSE MKT:CTM)
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Rating:48Neutral
Price Target:
$0.69
▼(-30.60% Downside)
Action:Reiterated
Date:06/16/26
CTM scores below average primarily due to still-negative profitability and a balance-sheet equity red flag, despite improving revenue trends and a return to positive operating/free cash flow. Technical indicators also remain weak, while recent contract-positioning and CMMC certification are notable positives but not enough to offset the core financial and trend risks.
Positive Factors
Revenue recovery & narrowing losses
Sustained TTM revenue growth and materially narrowed losses indicate the business model is re-gaining traction with government customers. Over 2–6 months this improves cash flow prospects, win-rate credibility on renewals/TOs, and the runway to reach sustained profitability if execution continues.
Negative Factors
Balance-sheet equity red flag
Zero reported shareholders' equity is a durable balance-sheet concern: it suggests accumulated losses or accounting pressure that can limit borrowing capacity, weaken covenant flexibility, and reduce resilience to contract delays or unexpected cash needs over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery & narrowing losses
Sustained TTM revenue growth and materially narrowed losses indicate the business model is re-gaining traction with government customers. Over 2–6 months this improves cash flow prospects, win-rate credibility on renewals/TOs, and the runway to reach sustained profitability if execution continues.
Read all positive factors
Castellum (CTM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$66.42M
Dividend YieldN/A
Average Volume (3M)1.77M
Price to Earnings (P/E)―
Beta (1Y)1.79
Revenue Growth23.06%
EPS Growth85.03%
CountryUS
Employees238
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.02
Shares Outstanding94,698,940
10 Day Avg. Volume822,670
30 Day Avg. Volume1,771,154
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 Cap0.98
Enterprise Value/Revenue1.18
Enterprise Value/Gross Profit3.28
Enterprise Value/Ebitda1.67K
Forecast
1Y Price Target
$3.50Price Target Upside250.00% 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
Neutral
1.00
Price Trends
0.71
Positive
0.78
Negative
0.92
Negative
Market Momentum
>-0.01
Positive
48.27
Neutral
16.30
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CTM, the sentiment is Neutral. The current price of 1 is above the 20-day moving average (MA) of 0.74, above the 50-day MA of 0.71, and above the 200-day MA of 0.92, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.27 is Neutral, neither overbought nor oversold. The STOCH value of 16.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | $4.81B | 11.80 | 23.73% | 1.69% | -2.90% | 24.61% | |
68 Neutral | $15.37B | 10.16 | 29.15% | 0.87% | 2.34% | 10.44% | |
67 Neutral | $9.27B | 10.60 | 81.03% | 2.60% | -6.37% | -5.06% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $6.07B | 26.10 | 8.79% | ― | -6.92% | -44.47% | |
51 Neutral | $93.27M | -891.23 | -0.22% | 0.95% | 5.47% | 92.26% | |
48 Neutral | $66.42M | -42.87 | -4.50% | ― | 23.06% | 85.03% |
* Technology Sector Average
CTM
Castellum
0.72
-0.37
-33.80%
BAH
Booz Allen
74.55
-24.99
-25.10%
SAIC
Science Applications
109.39
5.47
5.26%
LDOS
Leidos Holdings
114.60
-33.24
-22.48%
CSPI
CSP
9.42
-1.74
-15.61%
PSN
Parsons
55.49
-12.70
-18.62%
Castellum Corporate Events
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...
Business Operations and StrategyRegulatory Filings and Compliance
Castellum Achieves CMMC Level 2, Boosting Defense Prospects
Positive
Apr 23, 2026
On April 23, 2026, Castellum, Inc., a cybersecurity, electronic warfare, and software services provider to the federal government, announced it had achieved Cybersecurity Maturity Model Certification Level 2 following a comprehensive assessment by...
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.