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Castellum
(CTM)
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Rating:50Neutral
Price Target:
$0.60
▼(-1.64% Downside)
Action:Reiterated
Date:10/14/26
CTM scores in the low-middle range primarily due to ongoing unprofitability and a significant TTM revenue decline, partially offset by a stronger balance sheet and improved (now positive) TTM free cash flow. Technicals are bearish with the stock below key moving averages and negative MACD, limiting near-term confidence. Corporate news is a positive offset, highlighted by the expanded Navy contract, but valuation remains constrained by losses and no dividend support.
Positive Factors
Navy Contract Expansion
The expanded Navy award strengthens Castellum’s position with a strategically important mission customer and validates performance on its largest prime contract. Although future tasking and funding remain conditional, the larger ceiling can support multi-period revenue visibility and deepen relationships across defense programs.
Negative Factors
Persistent Unprofitability
Recurring net and operating losses indicate that Castellum has not yet converted its government-services platform into consistent earnings. Even with materially narrower losses and less-negative margins than in 2023–2024, the unresolved cost structure limits retained cash, reinvestment capacity, and confidence in sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Navy Contract Expansion
The expanded Navy award strengthens Castellum’s position with a strategically important mission customer and validates performance on its largest prime contract. Although future tasking and funding remain conditional, the larger ceiling can support multi-period revenue visibility and deepen relationships across defense programs.
Read all positive factors
Castellum (CTM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$51.21M
Dividend YieldN/A
Average Volume (3M)382.94K
Price to Earnings (P/E)―
Beta (1Y)1.69
Revenue Growth16.26%
EPS Growth72.47%
CountryUS
Employees244
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.02
Shares Outstanding94,781,290
10 Day Avg. Volume353,154
30 Day Avg. Volume382,940
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)2.39
Price to Sales (P/S)1.62
P/FCF Ratio-40.73
Enterprise Value/Market Cap1.02
Enterprise Value/Revenue0.94
Enterprise Value/Gross Profit2.68
Enterprise Value/Ebitda-82.88
Forecast
1Y Price Target
$2.00Price Target Upside227.87% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)$56.00M
Castellum Business Overview & Revenue Model
Company Description
Castellum, Inc. is a firm specializing in providing advanced services across critical domains such as cybersecurity, information technology, electronic warfare, and both information warfare and operations. Its comprehensive suite of capabilities e...
How the Company Makes Money
Castellum makes money primarily by performing contracted services for government customers (and, where applicable, prime contractors) under various contract vehicles (e.g., task orders under IDIQ/GWAC-style arrangements, time-and-materials, fixed-...
Castellum Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.33M | 52.87M | 44.76M | 45.24M | 42.19M | 25.07M |
| Gross Profit | 19.54M | 19.37M | 18.27M | 18.68M | 17.60M | 11.07M |
| EBITDA | -630.62K | -285.54K | -6.53M | -13.28M | -8.06M | -5.80M |
| Net Income | -2.28M | -2.40M | -9.98M | -17.80M | -14.91M | -7.55M |
Balance Sheet | ||||||
| Total Assets | 41.83M | 47.62M | 37.84M | 30.11M | 33.04M | 30.76M |
| Cash, Cash Equivalents and Short-Term Investments | 16.87M | 14.88M | 12.01M | 1.83M | 4.64M | 2.02M |
| Total Debt | 958.91K | 1.22M | 11.49M | 11.96M | 10.11M | 11.73M |
| Total Liabilities | 5.94M | 11.87M | 17.66M | 17.16M | 15.51M | 15.43M |
| Stockholders Equity | 35.88M | 35.75M | 20.18M | 12.95M | 17.53M | 15.32M |
Cash Flow | ||||||
| Free Cash Flow | 2.40M | -2.10M | 1.12M | -2.28M | 900.88K | -1.36M |
| Operating Cash Flow | 2.69M | -1.95M | 1.12M | -2.26M | 990.16K | -1.35M |
| Investing Cash Flow | -22.97K | -159.77K | 221.36K | -440.99K | -339.28K | 808.83K |
| Financing Cash Flow | -532.71K | 4.74M | 9.08M | -104.62K | 1.97M | 146.84K |
Castellum Technical Analysis
Negative
0.61
Price Trends
0.61
Negative
0.65
Negative
0.73
Negative
Market Momentum
-0.02
Positive
31.85
Neutral
26.51
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 0.61 is above the 20-day moving average (MA) of 0.60, above the 50-day MA of 0.61, and below the 200-day MA of 0.73, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 31.85 is Neutral, neither overbought nor oversold. The STOCH value of 26.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CTM.
Castellum Risk Analysis
Castellum disclosed 39 risk factors in its most recent earnings report. Castellum reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Castellum Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $17.08B | 12.59 | 27.55% | 1.26% | 3.41% | 1.68% | |
71 Outperform | $6.11B | 16.89 | 25.89% | 1.02% | -0.78% | 3.90% | |
70 Outperform | $9.42B | 12.11 | 68.53% | 2.96% | -6.19% | -1.80% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $5.24B | 33.36 | 6.01% | ― | -5.84% | -60.23% | |
50 Neutral | $51.21M | -22.89 | -6.32% | ― | 16.26% | 72.47% | |
48 Neutral | $73.79M | -100.69 | -1.53% | 1.64% | -0.68% | 57.82% |
* Technology Sector Average
CTM
Castellum
0.54
-0.46
-46.00%
BAH
Booz Allen
78.32
-5.72
-6.81%
SAIC
Science Applications
145.73
53.75
58.44%
LDOS
Leidos Holdings
136.08
-50.86
-27.21%
CSPI
CSP
7.32
-6.06
-45.28%
PSN
Parsons
49.04
-34.89
-41.57%
Castellum Corporate Events
Business Operations and Strategy
Castellum Boosts Investor Outreach at Growth Summit
Positive
Oct 13, 2026
On October 12, 2026, Castellum, Inc. announced that its management team would participate in the 2026 Maxim Group Growth Summit on Wednesday, October 14, 2026. During the event, Castellum’s executives planned to hold one-on-one meetings with...
Business Operations and Strategy
Castellum Highlights Strategy at H.C. Wainwright Conference
Positive
Sep 9, 2026
On September 9, 2026, Castellum announced that President and CEO Glen Ives and CFO David Bell would present at the H.C. Wainwright Global Investment Conference at the Lotte New York Palace Hotel on Tuesday, September 15, 2026. The executives plann...
Business Operations and Strategy
Castellum Wins Major Navy Contract Expansion Deal
Positive
Aug 31, 2026
On August 31, 2026, Castellum announced that its subsidiary Global Technology and Management Resources, Inc. received a $32.8 million modification to an existing cost-plus-fixed-fee order supporting NAVAIR’s PMA-290 Special Missions, raising...
Business Operations and StrategyFinancial Disclosures
Castellum Schedules Upcoming Second-Quarter 2026 Earnings Release
Neutral
Jul 31, 2026
On July 31, 2026, Castellum announced it will publish financial results for the second quarter ended June 30, 2026, after the market closes on Thursday, August 6, 2026. The company will follow the release with a conference call at 10:00 a.m. ET on...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.