Castellum, Inc. (CTM) Income Statement
CTM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCTM revenue and net income
Where CTM's revenue goes
2025Each bar shows an amount and its share of revenue. CTM kept −4.5% of revenue as net income.
CTM profit margins
CTM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +18.1% | +7.8% | +31.7% | — |
| Gross profit | +6.0% | +3.2% | +25.7% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CTM quarterly EPS vs estimates
Castellum beat the analyst EPS estimate in 1 of the last 3 quarters. Next report: November 6, 2026 (estimate $0.00).
CTM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52.9M | $44.8M | $45.2M | $42.2M | $25.1M | $13.3M | $1.1M | $0 | $0 | $2,400 |
| Cost of revenue | $33.5M | $26.5M | $26.6M | $24.6M | $14.0M | $7.2M | $856,533 | $229,592 | $69,950 | $47,790 |
| Gross profit | $19.4M | $18.3M | $18.7M | $17.6M | $11.1M | $6.2M | $279,146 | −$230,000 | −$69,950 | −$45,390 |
| Sales, general & admin | $10.7M | $25.5M | $28.5M | $13.6M | $18.8M | $7.6M | — | — | — | — |
| Total operating expenses | $22.2M | $25.5M | $35.3M | $27.6M | $18.8M | $7.6M | $1.1M | $236,857 | $989,672 | $629,678 |
| Operating income | −$2.8M | −$7.2M | −$16.7M | −$10.0M | −$7.7M | −$1.5M | −$841,000 | −$466,000 | −$1.1M | −$675,000 |
| Interest income | $624,250 | $1.9M | $2.2M | $4.1M | $2.5M | $2.3M | — | — | — | — |
| Interest expense | $405,912 | $1.2M | $3.2M | $4.0M | $2.5M | $2.3M | $248,685 | $4,622 | $35,959 | $37,611 |
| Income before taxes | −$2.2M | −$9.9M | −$19.1M | −$14.1M | −$10.2M | −$3.8M | −$1.1M | −$461,000 | −$1.7M | −$713,000 |
| Income taxes | $207,980 | $68,032 | −$1.3M | $819,596 | −$2.7M | −$1.1M | −$270,000 | −$2 | — | −$3 |
| Net income | −$2.4M | −$10.0M | −$17.8M | −$14.9M | −$7.5M | −$2.7M | −$820,000 | −$461,000 | −$1.7M | −$713,000 |
| EBITDA | −$285,536 | −$6.5M | −$13.3M | −$8.1M | −$5.8M | $362,287 | −$685,000 | −$446,000 | −$1.7M | −$628,000 |
| EPS (diluted) | $0.01 | −$0.18 | −$0.24 | −$1.15 | −$0.43 | −$0.19 | −$0.06 | −$0.07 | −$0.31 | −$0.16 |
| Gross margin | 36.6% | 40.8% | 41.3% | 41.7% | 44.2% | 46.3% | 24.6% | — | — | −1,891.3% |
| Operating margin | −5.3% | −16.2% | −36.8% | −23.6% | −30.8% | −11.0% | −74.0% | — | — | −28,125.0% |
| Net margin | −4.5% | −22.3% | −39.3% | −35.3% | −30.1% | −20.3% | −72.2% | — | — | −29,708.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.9M | $14.3M | $12.6M | $14.6M | $14.0M | $11.7M | $10.3M | $11.6M | $11.5M | $11.3M | $11.1M | $11.7M |
| Cost of revenue | $9.1M | $9.2M | $8.3M | $9.1M | $9.0M | $7.1M | $6.2M | $6.7M | $6.8M | $6.8M | $6.5M | $6.9M |
| Gross profit | $4.7M | $5.1M | $4.3M | $5.5M | $5.1M | $4.6M | $4.1M | $5.0M | $4.7M | $4.5M | $4.6M | $4.8M |
| Sales, general & admin | $2.9M | $2.7M | $2.4M | $5.0M | $2.7M | $6.0M | $5.7M | $6.3M | $6.2M | $7.2M | $3.7M | $6.5M |
| Total operating expenses | $5.8M | $5.8M | $5.7M | $5.0M | $5.4M | $6.0M | $5.7M | $6.3M | $6.2M | $7.2M | $6.1M | $13.4M |
| Operating income | −$1.1M | −$697,998 | −$1.4M | $445,280 | −$383,523 | −$1.5M | −$1.6M | −$1.4M | −$1.6M | −$2.7M | −$1.5M | −$8.6M |
| Interest income | — | — | $171,530 | $76,840 | $14,360 | $390,240 | $1.1M | $193,710 | — | — | — | — |
| Interest expense | — | $2,301 | — | $74,630 | $30,357 | $110,764 | $207,530 | $208,709 | $212,000 | $530,194 | $764,651 | $843,148 |
| Income before taxes | −$989,648 | −$344,598 | −$1.2M | $522,118 | −$397,880 | −$1.1M | −$2.7M | −$1.0M | −$1.7M | −$4.0M | −$2.1M | −$9.1M |
| Income taxes | $36,949 | $6,676 | $102,760 | $106,717 | −$75,773 | $74,276 | $71,122 | $257,479 | $120,531 | $133,859 | $120,771 | $102,584 |
| Net income | −$1.0M | −$351,274 | −$1.3M | $415,401 | −$322,107 | −$1.2M | −$2.7M | −$1.3M | −$1.8M | −$4.1M | −$2.2M | −$9.2M |
| EBITDA | −$665,302 | −$17,307 | −$844,418 | $896,408 | $4,503 | −$606,820 | −$2.0M | −$257,380 | −$945,161 | −$2.8M | −$1.0M | −$979,423 |
| EPS (diluted) | −$0.01 | $0.00 | $0.01 | $0.01 | $0.01 | −$0.02 | −$0.05 | −$0.02 | −$0.03 | −$0.08 | −$0.05 | −$0.05 |
| Gross margin | 34.0% | 35.4% | 33.9% | 37.6% | 36.1% | 39.0% | 40.0% | 42.7% | 40.6% | 39.8% | 41.4% | 41.2% |
| Operating margin | −7.9% | −4.9% | −11.1% | 3.0% | −2.7% | −12.7% | −15.7% | −11.9% | −13.6% | −23.6% | −13.8% | −73.0% |
| Net margin | −7.4% | −2.5% | −10.5% | 2.8% | −2.3% | −10.0% | −26.6% | −11.0% | −16.0% | −36.3% | −19.7% | −78.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CTM's financial statements (latest annual report filed March 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CTM financial results
In fiscal year 2025 (ended December 31, 2025), Castellum reported revenue of $52.9 million, up 18.1% from the year before. It had a net loss of $2.4 million, a net profit margin of −4.5%. Diluted earnings per share came to $0.01. Over five years revenue grew at an average rate of 31.7% a year.
See the CTM stock overview for the latest quote and news, or the CTM chart for price history and technical indicators.
CTM income statement FAQ
What is Castellum's annual revenue?
Castellum reported total revenue of $52.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 18.1% from $44.8 million the previous year.
Is Castellum profitable?
No. Castellum reported a net loss of $2.4 million in fiscal 2025, a net profit margin of −4.5%; its operating margin was −5.3%.
What is Castellum's gross margin?
Castellum's gross margin was 36.6% in fiscal 2025: for every $100 of revenue, Castellum kept $37 after the direct cost of its products and services.
How fast is Castellum growing?
Revenue grew 31.7% a year on average over the last five fiscal years, from $13.3 million to $52.9 million.
What are Castellum's earnings per share?
Castellum earned $0.01 per diluted share in fiscal 2025, compared with $-0.18 a year earlier.
When will Castellum report its next earnings?
Castellum is expected to report results for the quarter ending September 30, 2026 on November 6, 2026.
When does Castellum's fiscal year end?
Castellum's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 9, 2026.