Castellum(US:CTM) Globenewswire·2026-03-04 21:15Core Viewpoint - Castellum, Inc. reported significant improvements in its financial performance for the year ended December 31, 2025, with increased revenue and reduced losses, indicating a positive trajectory for the company [2][5]. Financial Performance - Revenue for 2025 reached $52.9 million, marking a $8.1 million (15.2%) increase from $44.8 million in 2024 [2]. - The operating loss improved to $2.8 million, a $4.4 million year-over-year improvement from an operating loss of $7.2 million in 2024 [2]. - Net loss to common shareholders was $2.5 million, reflecting a $7.6 million improvement from a net loss of $10.1 million in 2024 [2]. Adjusted EBITDA - Adjusted EBITDA for 2025 was $1.0 million, compared to $0.8 million for 2024, indicating an improvement in operating performance [3][4]. - The calculation of Adjusted EBITDA excludes non-cash expenses such as stock-based compensation and depreciation, which were $2.4 million and $1.5 million respectively in 2025, compared to $5.4 million and $2.2 million in 2024 [4]. Cash and Debt Management - Total cash increased by $2.6 million to $14.9 million as of December 31, 2025, up from $12.3 million in 2024, supported by financing activities [5]. - The company's debt significantly decreased to $0.4 million as of December 31, 2025, from $10.7 million in 2024, reflecting effective debt management strategies [5]. Strategic Growth and Acquisitions - The operational growth in 2025 was entirely organic, driven by winning three prime contracts and improving operational efficiencies [7]. - The company has reinvigorated its M&A activities and is positioned for further strategic moves, supported by successful equity raises and a strong cash to debt ratio [7][8].