Core Insights - Castellum, Inc. achieved its first-ever quarterly GAAP net income in Q3 2025, marking a significant milestone for the company [1][5][7] - The company reported record revenue and improved operating performance, alongside a strong cash position and further debt reduction [1][4][5] Financial Performance - Q3 2025 revenue reached $14.6 million, an increase from $14.0 million in Q2 2025 and $11.6 million in Q3 2024, representing the third consecutive quarter of year-over-year organic revenue growth [2][5] - Operating profit for the quarter was $0.4 million, a turnaround from an operating loss of $(0.4) million in Q2 2025 and $(7.3) million in Q3 2024, reflecting improved cost discipline and operating leverage [3][5] - Adjusted EBITDA for the quarter was $1.1 million, excluding non-cash and one-time items [3] Cash and Debt Management - Castellum ended Q3 2025 with a record cash balance of $17.8 million, up from $14.7 million at the end of Q2 2025, demonstrating strong liquidity management [4][5] - Total debt was reduced to $2.4 million during the quarter, enhancing the company's financial flexibility [4][5] Management Commentary - The CFO highlighted the company's commitment to disciplined operating performance and cash management, which has led to its best performance and balance sheet strength to date [6] - The CEO emphasized the importance of long-term growth through strategic investments and maintaining positive cash flow, while also achieving net income this quarter [7]

Core Viewpoint - Castellum, Inc. reported record financial results for Q2 2025, showcasing significant revenue growth, improved operating performance, increased cash reserves, and a notable reduction in debt [1][5][6]. Financial Performance - Revenue for Q2 2025 reached $14.0 million, marking a 19.7% increase from $11.7 million in Q1 2025 and a 21.7% increase from $11.5 million in Q2 2024, indicating two consecutive quarters of year-over-year organic revenue growth [2]. - The operating loss for the quarter narrowed to $(0.4) million, an improvement from $(1.1) million in Q1 2025 and $(6.0) million in Q2 2024, reflecting cost discipline and increasing operating leverage [4]. - Castellum generated $0.5 million of adjusted EBITDA, excluding non-cash and one-time items [4][13]. Debt Management - The company reduced total debt by $3.7 million during the quarter, enhancing its balance sheet and financial flexibility [3][6]. Cash Position - Castellum ended the quarter with a record cash balance of $14.7 million, up from $13.3 million at the end of Q1 2025, reinforcing its commitment to liquidity and prudent capital management [5].