Castellum (CTM) AI Stock Analysis

• Market Cap: $104.07M
• Dividend Yield: N/A
• Average Volume (3M): 6.20M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.07
• Revenue Growth: 11.09%
• EPS Growth: 64.29%
• Country: US
• Employees: 238
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.00
• Shares Outstanding: 94,612,750
• 10 Day Avg. Volume: 13,521,361
• 30 Day Avg. Volume: 6,197,303
• PEG Ratio: 0.21
• Price to Book (P/B): 5.41
• Price to Sales (P/S): 2.47
• P/FCF Ratio: 99.01
• Enterprise Value/Market Cap: 0.80
• Enterprise Value/Revenue: 1.65
• Enterprise Value/Gross Profit: 4.34
• Enterprise Value/Ebitda: -62.01
• 1Y Price Target: $3.50
• Price Target Upside: 250.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.01
• Revenue Forecast (FY): $54.50M

• Rating: 48 Neutral
• Price Target: $1.50 ▲(50.00% Upside)

The overall stock score of 48 reflects significant financial performance challenges, particularly in profitability and cash flow, which are the most impactful factors. Technical analysis provides some positive signals, but the valuation remains unattractive due to a negative P/E ratio and lack of dividend yield. The absence of earnings call and corporate events data limits additional insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong demand for Castellum's properties and effective management, supporting long-term business expansion.

Sustainability Initiatives

By focusing on sustainability, Castellum can attract environmentally conscious tenants, potentially increasing occupancy rates and rental income over time.

Improved Leverage

Reduced leverage enhances financial stability, providing Castellum with more flexibility to invest in growth opportunities and withstand economic fluctuations.

Negative Factors

Profitability Challenges

Persistent profitability issues suggest operational inefficiencies, which could hinder Castellum's ability to generate returns for shareholders in the long term.

Negative Operating Cash Flow

Negative operating cash flow reflects difficulties in generating cash from core operations, potentially limiting Castellum's ability to fund future growth and meet financial obligations.

Negative Net Profit Margin

A negative net profit margin indicates ongoing challenges in achieving profitability, which could impact Castellum's long-term financial health and 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

Castellum is experiencing revenue growth but faces significant profitability challenges. The balance sheet shows improved leverage, but negative return on equity indicates inefficiencies. Cash flow generation is concerning, with negative operating cash flow highlighting operational challenges.

Income Statement

Castellum's income statement shows a mixed performance. The TTM data indicates a modest revenue growth rate of 5.55%, but the company is struggling with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin remains relatively healthy at 39.28%, suggesting some efficiency in cost management. However, the persistent negative net profit margin of -11.59% highlights ongoing challenges in achieving profitability.

Balance Sheet

The balance sheet reflects a moderate financial position. The debt-to-equity ratio has improved to 0.17 in the TTM, indicating reduced leverage compared to previous years. However, the return on equity remains negative at -24.49%, signaling inefficiencies in generating returns for shareholders. The equity ratio of 73.14% suggests a strong equity base relative to total assets, providing some stability.

Cash Flow

Cash flow analysis reveals challenges in cash generation. The TTM data shows a negative operating cash flow, indicating difficulties in generating cash from operations. Despite a positive free cash flow growth rate of 44.92%, the operating cash flow to net income ratio is negative, reflecting inefficiencies in converting income into cash. The free cash flow to net income ratio of 1.05 suggests some ability to cover net losses with free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	50.61M	44.76M	45.24M	42.19M	25.07M	13.34M
Gross Profit	19.22M	18.27M	18.68M	17.60M	11.07M	6.18M
EBITDA	-1.35M	-6.53M	-13.28M	-8.06M	-5.80M	362.29K
Net Income	-3.82M	-9.98M	-17.80M	-14.91M	-7.55M	-2.71M
Balance Sheet
Total Assets	46.25M	37.84M	30.11M	33.04M	30.76M	10.61M
Cash, Cash Equivalents and Short-Term Investments	17.82M	12.01M	1.83M	4.64M	2.02M	2.41M
Total Debt	3.30M	11.49M	11.96M	10.11M	11.73M	5.87M
Total Liabilities	9.52M	17.66M	17.16M	15.51M	15.43M	8.01M
Stockholders Equity	36.73M	20.18M	12.95M	17.53M	15.32M	2.61M
Cash Flow
Free Cash Flow	-1.82M	1.12M	-2.28M	900.88K	-1.36M	1.00M
Operating Cash Flow	-1.68M	1.12M	-2.26M	990.16K	-1.35M	1.01M
Investing Cash Flow	94.97K	221.36K	-440.99K	-339.28K	808.83K	-5.45K
Financing Cash Flow	16.66M	9.08M	-104.62K	1.97M	146.84K	109.00K

Castellum Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 1 is below the 20-day moving average (MA) of 1.10, below the 50-day MA of 1.10, and below the 200-day MA of 1.09, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 54.17 is Neutral, neither overbought nor oversold. The STOCH value of 31.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CTM.

Castellum Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GMM	66 Neutral	$51.13M	0.82	15.52%	―	41.74%	-75.97%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
CSPI	52 Neutral	$113.70M	―	-3.33%	1.04%	-0.37%	-161.02%
CTM	48 Neutral	$104.07M	―	-15.66%	―	11.09%	64.29%
NOTE	44 Neutral	$42.73M	―	-64.09%	―	-17.90%	-67.81%
TDTH	41 Neutral	$51.95M	―	―	―	―	―
SAIH	39 Underperform	$13.23M	-2.04	-50.16%	―	―	―

Castellum Corporate Events

Castellum Secures Major $66.2M Contract Award

On October 31, 2025, Castellum, Inc. announced that its subsidiary, Specialty Systems, Inc. (SSI), was awarded a $66.2 million contract for logistics, engineering, and cyber support services for the Naval Air Warfare Center Aircraft Division Lakehurst. This contract, which is the company’s first full and open prime contract without small-business set-aside restrictions, is significant as it represents the second-largest contract win in Castellum’s history. The award is expected to enhance Castellum’s technological capabilities and support its growth strategy, reinforcing its position in the large business category and strengthening its mission and services for national security.

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 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.