Castellum (CTM) AI Stock Analysis

• Market Cap: $85.99M
• Dividend Yield: N/A
• Average Volume (3M): 2.39M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.05
• Revenue Growth: 4.17%
• EPS Growth: 73.67%
• Country: US
• Employees: 238
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.01
• Shares Outstanding: 93,000,590
• 10 Day Avg. Volume: 2,546,556
• 30 Day Avg. Volume: 2,389,127
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.96
• Enterprise Value/Revenue: 1.73
• Enterprise Value/Gross Profit: 4.41
• Enterprise Value/Ebitda: -21.05
• 1Y Price Target: $3.00
• Price Target Upside: 200.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 42 Neutral
• Price Target: $1.00 ▲(0.00% Upside)

Castellum's overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. The negative P/E ratio and lack of dividend yield further weigh down the score. The absence of positive earnings call data or corporate events leaves the stock with limited upside potential.

Positive Factors

Sustainability Initiatives

Sustainability initiatives can enhance Castellum's market appeal, potentially increasing occupancy rates and rental income over time.

Revenue Stability

The stable and recurring rental income provides a reliable revenue stream, supporting long-term financial stability and growth.

Improved Leverage

Reduced leverage enhances financial flexibility and reduces risk, supporting Castellum's capacity to invest in growth opportunities.

Negative Factors

Profitability Challenges

Ongoing profitability issues can hinder Castellum's ability to reinvest in the business and sustain long-term growth.

Weak Cash Flow Generation

Weak cash flow generation limits Castellum's ability to fund operations and growth initiatives, impacting financial health.

Negative Return on Equity

Negative ROE indicates poor financial performance, potentially deterring investment and affecting shareholder value.

Castellum Business Overview & Revenue Model

Company Description

Castellum (CTM) is a leading real estate company based in Sweden, primarily focused on the acquisition, management, and development of properties within the commercial real estate sector. The company operates across various segments, including office, retail, and logistics properties, with a significant presence in key urban locations. Castellum aims to create sustainable and innovative environments that meet the evolving needs of businesses and communities.

How the Company Makes Money

Castellum generates revenue primarily through rental income from its extensive portfolio of commercial properties. The company leases space to a diverse range of tenants, including businesses in various sectors such as technology, retail, and logistics, which provides a stable and recurring revenue stream. Additionally, Castellum may engage in property development projects, which can contribute to earnings through the sale or leasing of newly constructed properties. The company also benefits from strategic partnerships and collaborations with local governments and other real estate entities, enhancing its market position and facilitating growth opportunities. Furthermore, Castellum invests in sustainability initiatives that can attract tenants seeking environmentally friendly spaces, potentially increasing occupancy rates and rental income.

Castellum Financial Statement Overview

Summary

Despite revenue growth, Castellum faces significant financial challenges with negative net profit margins and cash flow issues. The company's balance sheet shows improved leverage management, but consistent net losses and negative cash flow highlight operational inefficiencies.

Income Statement

The company has been experiencing consistent revenue growth with a 6.88% increase from 2020 to 2021 and a significant jump in 2022. However, profitability remains a challenge as reflected by negative net profit margins across the periods, reaching -15.61% in the TTM. Gross profit margins are moderately stable, but negative EBIT and EBITDA margins highlight operational inefficiencies.

Balance Sheet

The balance sheet shows a moderate level of equity, with a debt-to-equity ratio decreasing from 4.50 in 2020 to 0.35 in the TTM, indicating improved leverage management. However, the equity ratio is below ideal levels, and consistent net losses erode equity value, affecting return on equity.

Cash Flow

The company faces challenges in generating positive operating cash flow, with negative free cash flow in the TTM. Despite some improvements in cash flow from financing activities, reliance on external funding could pose risks if not managed carefully.

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

• Technical Analysis Sentiment: Negative
• Last Price: 1.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 below the 20-day moving average (MA) of 1.04, below the 50-day MA of 1.07, and below the 200-day MA of 1.07, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 38.69 is Neutral, neither overbought nor oversold. The STOCH value of 23.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CTM.

Castellum Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GMM	66 Neutral	$55.52M	0.88	15.52%	―	41.74%	-75.97%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
CSPI	52 Neutral	$115.48M	-72.18	-3.33%	0.95%	-0.37%	-161.02%
SAIH	44 Neutral	$88.89M	―	―	―	―	―
NOTE	43 Neutral	$64.51M	―	-45.39%	―	-15.39%	-50.65%
CTM	42 Neutral	$85.99M	―	-25.15%	―	4.17%	73.67%
TDTH	41 Neutral	$54.69M	―	―	―	―	―

Castellum Corporate Events

Castellum to Attend 2025 Maxim Growth Summit

On October 20, 2025, Castellum, Inc. announced its participation in the 2025 Maxim Growth Summit, scheduled for October 22-23 at The Hard Rock Hotel NYC. This event will provide Castellum with opportunities to engage with institutional investors and industry leaders, potentially enhancing its market positioning and stakeholder relationships.

The most recent analyst rating on (CTM) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Castellum stock, see the CTM Stock Forecast page.

Castellum Expands IT Services with New GSA Contract

On October 14, 2025, Castellum, Inc. announced that its subsidiary, Specialty Systems, Inc., has added IT services to its General Services Administration Multiple Award Schedule contract, allowing it to bid on competitive contracts related to information technology professional services. This strategic move enhances Castellum’s ability to compete in more markets and respond to requests for quotations and proposals, thereby strengthening its market position and expanding its service offerings.

The most recent analyst rating on (CTM) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Castellum stock, see the CTM Stock Forecast page.

Castellum Announces Reseller Agreement with Tradewinds Networks

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.

The most recent analyst rating on (CTM) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Castellum stock, see the CTM Stock Forecast page.

Castellum Secures $4.5M from Warrant Exercise

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.

The most recent analyst rating on (CTM) stock is a Sell with a $120.00 price target. To see the full list of analyst forecasts on Castellum stock, see the CTM Stock Forecast page.

Castellum Partners with Quarrio for Government AI Solutions

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.

The most recent analyst rating on (CTM) stock is a Sell with a $120.00 price target. To see the full list of analyst forecasts on Castellum stock, see the CTM Stock Forecast page.

Castellum Extends Note Maturity and Reduces Debt

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.

The most recent analyst rating on (CTM) stock is a Sell with a $120.00 price target. To see the full list of analyst forecasts on Castellum stock, see the CTM Stock Forecast page.