Symbols / CTM $0.70 +1.41% Castellum, Inc.

Technology • Information Technology Services • United States • ASE
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Stock Fundamentals
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Index EQUITY
Sector Technology
Industry Information Technology Services
CEO Mr. Glen R. Ives
Exch · Country ASE · United States
Market Cap 66.23M
Enterprise Value 52.57M
Income -2.51M
Sales 52.87M
FCF (ttm) -1.95M
Book/sh 0.38
Cash/sh 0.16
Employees 244
Insider 10d —
IPO Oct 13, 2022
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 35.00
PEG —
P/S 1.25
P/B 1.85
P/C —
EV/EBITDA -39.95
EV/Sales 0.99
Quick Ratio 4.23
Current Ratio 4.40
Debt/Eq 3.42
LT Debt/Eq —
EPS (ttm) -0.03
EPS next Y 0.02
EPS Growth —
Revenue Growth 21.90%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-02-27
Earnings (prior) 2026-03-09
ROA -4.41%
ROE -8.58%
ROIC —
Gross Margin 36.64%
Oper. Margin -11.07%
Profit Margin -4.54%
Shs Outstand 94.61M
Shs Float 74.35M
Insider Own 20.90%
Instit Own 13.79%
Short Float 5.12%
Short Ratio 3.41
Short Interest 4.40M
52W High 1.56
vs 52W High -55.13%
52W Low 0.48
vs 52W Low 45.83%
Beta -4.41
Impl. Vol. —
Rel Volume 0.37
Avg Volume 1.05M
Volume 390.79K
Target (mean) $3.50
Tgt Median $3.50
Tgt Low $3.50
Tgt High $3.50
# Analysts 1
Recom None
Prev Close $0.69
Price $0.70
Change 1.41%
About

Castellum, Inc., together with its subsidiaries, operates as a technology company in the United States and internationally. It offers intelligence analysis, software development and engineering, program management, strategic and mission planning, information assurance, cybersecurity and policy support, data analytics, and model-based systems engineering services. The company's products and services are used in information technology, electronic warfare, information warfare, and cybersecurity areas. It serves defense, intelligence, civilian agencies, and local and federal governments, as well as financial services, healthcare, and other users of large data applications. The company is based in Vienna, Virginia.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$3.50
Mean price target
2. Current target
$0.70
Latest analyst target
3. DCF / Fair value
$-0.37
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.70
Low
$3.50
High
$3.50
Mean
$3.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-04-24 init Maxim Group — → Buy $3
2023-11-15 main EF Hutton Buy → Buy $1
2023-08-15 reit EF Hutton Buy → Buy $1
2023-06-30 reit EF Hutton Buy → Buy $1
2023-05-16 main EF Hutton Buy → Buy $1
2023-04-24 init EF Hutton — → Buy $1
News
RSS: Latest CTM news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-31 MARTIN TAMMY L General Counsel — 1,329 $0.59 $783
2026-03-31 BELL DAVID T Chief Financial Officer — 1,329 $0.59 $783
2026-03-31 MERRIMAN ANDREW Chief Operating Officer — 1,329 $0.59 $783
2026-03-27 IVES GLEN R Chief Executive Officer — 2,000 $0.62 $1,231
2026-03-27 MERRIMAN ANDREW Chief Operating Officer — 2,000 $0.64 $1,285
2026-03-26 IVES GLEN R Chief Executive Officer — 10,000 $0.66 $6,649
2026-03-25 MCMILLEN CHARLES THOMAS Director — 30,000 $0.70 $21,129
2026-03-18 MCMILLEN CHARLES THOMAS Director — 55,000 $0.80 $44,099
2026-03-18 MERRIMAN ANDREW Chief Operating Officer — 3,000 $0.80 $2,395
2025-12-19 WRIGHT JAY O General Counsel — 30,000 $1.05 $31,500
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
52.87
+18.10%
44.76
-1.06%
45.24
+7.24%
42.19
Operating Revenue
52.87
+18.10%
44.76
-1.06%
45.24
+7.24%
42.19
Cost Of Revenue
33.50
+26.41%
26.50
-0.26%
26.57
+8.03%
24.59
Reconciled Cost Of Revenue
33.50
+26.41%
26.50
-0.26%
26.57
+8.03%
24.59
Gross Profit
19.37
+6.04%
18.27
-2.19%
18.68
+6.13%
17.60
Operating Expense
22.18
-13.04%
25.51
-10.54%
28.52
+5.59%
27.01
Selling General And Administration
10.70
-25.35%
14.33
-19.04%
17.70
+30.26%
13.59
General And Administrative Expense
10.70
-25.35%
14.33
-19.04%
17.70
+30.26%
13.59
Other Gand A
10.70
-25.35%
14.33
-19.04%
17.70
+30.26%
13.59
Other Operating Expenses
11.49
+2.73%
11.18
+3.36%
10.82
-19.38%
13.42
Total Expenses
55.68
+7.06%
52.01
-5.58%
55.09
+6.76%
51.60
Operating Income
-2.81
+61.15%
-7.24
+26.39%
-9.84
-4.60%
-9.41
Total Operating Income As Reported
-2.81
+61.15%
-7.24
+56.54%
-16.67
-67.29%
-9.96
EBITDA
-1.32
+79.86%
-6.53
+50.80%
-13.28
-64.69%
-8.06
Normalized EBITDA
-1.94
+61.45%
-5.02
+30.28%
-7.21
+2.30%
-7.38
Reconciled Depreciation
1.50
-32.49%
2.22
-12.20%
2.53
+24.42%
2.03
EBIT
-2.81
+67.85%
-8.75
+44.63%
-15.81
-56.59%
-10.10
Total Unusual Items
0.62
+141.15%
-1.51
+75.15%
-6.07
-784.00%
-0.69
Total Unusual Items Excluding Goodwill
0.62
+141.15%
-1.51
+75.15%
-6.07
-784.00%
-0.69
Special Income Charges
0.00
+100.00%
-0.78
+89.01%
-7.13
-1184.16%
-0.56
Other Special Charges
—
0.82
+174.28%
0.30
—
Impairment Of Capital Assets
0.00
0.00
-100.00%
6.92
0.00
Restructuring And Mergern Acquisition
0.00
0.00
+100.00%
-0.09
-116.58%
0.56
Net Income
-2.40
+75.97%
-9.98
+43.93%
-17.80
-19.40%
-14.91
Pretax Income
-2.19
+77.90%
-9.91
+47.99%
-19.06
-35.27%
-14.09
Net Non Operating Interest Income Expense
0.00
+100.28%
-1.16
+64.34%
-3.25
+18.63%
-3.99
Interest Expense Non Operating
—
1.16
-64.34%
3.25
-18.63%
3.99
Net Interest Income
0.00
+100.28%
-1.16
+64.34%
-3.25
+18.63%
-3.99
Interest Expense
—
1.16
-64.34%
3.25
-18.63%
3.99
Other Income Expense
0.62
+141.15%
-1.51
+74.71%
-5.97
-768.89%
-0.69
Other Non Operating Income Expenses
—
—
0.11
+35021.78%
0.00
Gain On Sale Of Security
0.62
+185.58%
-0.73
-168.84%
1.05
+898.50%
-0.13
Gain On Sale Of Business
0.00
-100.00%
0.04
0.00
0.00
Tax Provision
0.21
+205.71%
0.07
+105.41%
-1.26
-253.38%
0.82
Tax Rate For Calcs
0.00
+0.00%
0.00
+218.18%
0.00
-68.57%
0.00
Tax Effect Of Unusual Items
0.13
+141.15%
-0.32
+20.93%
-0.40
-177.83%
-0.14
Net Income Including Noncontrolling Interests
-2.40
+75.97%
-9.98
+43.93%
-17.80
-19.40%
-14.91
Net Income From Continuing Operation Net Minority Interest
-2.40
+75.97%
-9.98
+43.93%
-17.80
-19.40%
-14.91
Net Income From Continuing And Discontinued Operation
-2.40
+75.97%
-9.98
+43.93%
-17.80
-19.40%
-14.91
Net Income Continuous Operations
-2.40
+75.97%
-9.98
+43.93%
-17.80
-19.40%
-14.91
Normalized Income
-2.89
+67.13%
-8.79
+27.54%
-12.13
+15.57%
-14.37
Net Income Common Stockholders
-2.51
+75.19%
-10.10
+43.64%
-17.92
-19.39%
-15.01
Diluted EPS
—
-0.18
+52.63%
-0.38
+30.91%
-0.55
Basic EPS
—
-0.18
+52.63%
-0.38
+30.91%
-0.55
Basic Average Shares
—
55.29
+17.19%
47.18
+71.75%
27.47
Diluted Average Shares
—
55.29
+17.19%
47.18
+71.75%
27.47
Diluted NI Availto Com Stockholders
-2.51
+75.19%
-10.10
+43.64%
-17.92
-19.39%
-15.01
Gain On Sale Of PPE
—
—
—
0.00
Preferred Stock Dividends
0.11
-9.92%
0.12
+0.95%
0.12
+17.55%
0.10
Total Other Finance Cost
-0.00
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
41.90
+10.74%
37.84
+25.68%
30.11
-8.88%
33.04
Current Assets
24.65
+30.46%
18.89
+98.93%
9.50
-10.97%
10.67
Cash Cash Equivalents And Short Term Investments
14.88
+23.99%
12.01
+555.71%
1.83
-60.55%
4.64
Cash And Cash Equivalents
14.88
+23.99%
12.01
+555.71%
1.83
-60.55%
4.64
Cash Financial
14.88
+23.99%
12.01
+555.71%
1.83
-60.55%
4.64
Receivables
8.81
+51.49%
5.81
-17.47%
7.04
+29.23%
5.45
Accounts Receivable
8.18
+48.53%
5.51
-19.99%
6.88
+32.54%
5.19
Other Receivables
0.57
+110.52%
0.27
+68.16%
0.16
-37.60%
0.26
Prepaid Assets
0.15
-1.06%
0.15
-28.64%
0.22
-38.22%
0.35
Restricted Cash
0.00
-100.00%
0.25
0.00
—
Other Current Assets
0.80
+19.93%
0.67
+65.15%
0.40
+81.27%
0.22
Total Non Current Assets
17.26
-8.92%
18.95
-8.08%
20.61
-7.89%
22.38
Net PPE
1.03
-16.30%
1.23
+33.44%
0.92
+342.04%
0.21
Gross PPE
1.45
-10.39%
1.62
+40.49%
1.15
+292.79%
0.29
Accumulated Depreciation
-0.42
-8.52%
-0.39
-69.05%
-0.23
-170.63%
-0.08
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
0.46
+30.95%
0.35
+0.96%
0.35
+98.01%
0.17
Other Properties
0.80
-25.64%
1.08
+75.49%
0.61
+1626.00%
0.04
Leases
0.19
+0.00%
0.19
+0.00%
0.19
+131.74%
0.08
Goodwill And Other Intangible Assets
16.05
-8.14%
17.47
-11.26%
19.69
-11.19%
22.17
Goodwill
10.68
+0.00%
10.68
-0.37%
10.72
-31.01%
15.53
Other Intangible Assets
5.37
-20.93%
6.79
-24.27%
8.97
+35.22%
6.63
Investments And Advances
0.10
+92.38%
0.05
0.00
—
Other Investments
0.10
+92.38%
0.05
0.00
—
Non Current Accounts Receivable
0.08
-59.65%
0.19
—
—
Non Current Deferred Assets
—
—
—
0.00
Non Current Deferred Taxes Assets
—
—
—
0.00
Other Non Current Assets
—
0.19
—
—
Total Liabilities Net Minority Interest
6.15
-65.17%
17.66
+2.90%
17.16
+10.62%
15.51
Current Liabilities
5.60
-43.00%
9.82
+23.16%
7.98
+2.82%
7.76
Payables And Accrued Expenses
4.67
-2.34%
4.78
+17.69%
4.06
+7.78%
3.77
Payables
1.90
+38.01%
1.38
+21.62%
1.13
-40.19%
1.90
Accounts Payable
1.90
+67.05%
1.14
+45.27%
0.78
-51.47%
1.62
Other Payable
—
0.24
-31.43%
0.35
+25.00%
0.28
Current Accrued Expenses
2.76
-18.72%
3.40
+16.17%
2.93
+56.47%
1.87
Current Debt And Capital Lease Obligation
0.67
-82.16%
3.76
+20.40%
3.12
+32.60%
2.36
Current Debt
0.40
-88.41%
3.45
+17.42%
2.94
+25.91%
2.33
Other Current Borrowings
0.40
-72.41%
1.45
-37.31%
2.31
+13.75%
2.03
Current Capital Lease Obligation
0.27
-12.73%
0.31
+67.53%
0.19
+740.04%
0.02
Other Current Liabilities
0.26
-79.62%
1.29
+62.02%
0.79
-51.50%
1.64
Total Non Current Liabilities Net Minority Interest
0.55
-92.97%
7.83
-14.71%
9.18
+18.43%
7.75
Long Term Debt And Capital Lease Obligation
0.55
-92.88%
7.73
-12.50%
8.84
+13.97%
7.75
Long Term Debt
—
6.95
-17.26%
8.40
+8.53%
7.74
Long Term Capital Lease Obligation
0.55
-29.53%
0.78
+79.40%
0.44
+3345.25%
0.01
Tradeand Other Payables Non Current
0.00
-100.00%
0.10
0.00
—
Non Current Deferred Liabilities
—
0.00
-100.00%
0.01
0.00
Non Current Deferred Taxes Liabilities
—
0.00
-100.00%
0.01
0.00
Other Non Current Liabilities
—
—
0.34
—
Stockholders Equity
35.75
+77.15%
20.18
+55.86%
12.95
-26.14%
17.53
Common Stock Equity
35.75
+77.15%
20.18
+55.86%
12.95
-26.14%
17.53
Capital Stock
0.01
+20.71%
0.01
+54.12%
0.01
+12.35%
0.00
Common Stock
0.01
+22.76%
0.01
+61.67%
0.00
+14.32%
0.00
Preferred Stock
0.00
-3.01%
0.00
+0.00%
0.00
+0.00%
0.00
Share Issued
94.61
+22.75%
77.08
+61.68%
47.67
+14.32%
41.70
Ordinary Shares Number
94.61
+22.75%
77.08
+61.68%
47.67
+14.32%
41.70
Additional Paid In Capital
92.33
+24.34%
74.26
+30.44%
56.93
+30.50%
43.62
Retained Earnings
-56.59
-4.63%
-54.08
-22.96%
-43.98
-68.55%
-26.09
Total Equity Gross Minority Interest
35.75
+77.15%
20.18
+55.86%
12.95
-26.14%
17.53
Total Capitalization
35.75
+31.77%
27.13
+27.09%
21.35
-15.52%
25.27
Working Capital
19.05
+110.07%
9.07
+496.83%
1.52
-47.75%
2.91
Invested Capital
36.15
+18.22%
30.58
+25.92%
24.29
-12.02%
27.60
Total Debt
1.22
-89.37%
11.49
-3.91%
11.96
+18.31%
10.11
Net Debt
—
—
9.51
+75.01%
5.43
Capital Lease Obligations
0.82
-24.75%
1.09
+75.86%
0.62
+1688.81%
0.03
Net Tangible Assets
19.70
+626.71%
2.71
+140.23%
-6.74
-45.36%
-4.64
Tangible Book Value
19.70
+626.87%
2.71
+140.22%
-6.74
-45.35%
-4.64
Duefrom Related Parties Current
0.06
+60.73%
0.04
0.00
—
Duefrom Related Parties Non Current
0.08
-59.65%
0.19
0.00
—
Line Of Credit
0.00
-100.00%
2.00
+219.98%
0.63
+108.32%
0.30
Preferred Stock Equity
0.00
-3.01%
0.00
+0.00%
0.00
+0.00%
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-1.95
-273.95%
1.12
+149.46%
-2.26
-328.69%
0.99
Cash Flow From Continuing Operating Activities
-1.95
-273.95%
1.12
+149.46%
-2.26
-328.69%
0.99
Net Income From Continuing Operations
-2.40
+75.97%
-9.98
+43.93%
-17.80
-19.40%
-14.91
Depreciation Amortization Depletion
1.50
-32.49%
2.22
-12.20%
2.53
+24.42%
2.03
Depreciation
0.08
-51.25%
0.16
+5.97%
0.15
+139.44%
0.06
Amortization Cash Flow
1.42
-31.06%
2.06
-13.34%
2.38
+20.80%
1.97
Depreciation And Amortization
1.50
-32.49%
2.22
-12.20%
2.53
+24.42%
2.03
Amortization Of Intangibles
1.42
-31.06%
2.06
-13.34%
2.38
+20.80%
1.97
Other Non Cash Items
0.28
-80.23%
1.40
-38.90%
2.28
-27.34%
3.14
Stock Based Compensation
2.48
-54.38%
5.43
-27.60%
7.50
-14.79%
8.80
Asset Impairment Charge
0.00
0.00
-100.00%
6.92
0.00
Deferred Tax
0.00
0.00
+100.00%
-1.48
-342.64%
0.61
Deferred Income Tax
0.00
0.00
+100.00%
-1.48
-342.64%
0.61
Operating Gains Losses
-0.62
-190.48%
0.69
+165.12%
-1.05
-900.34%
0.13
Gain Loss On Investment Securities
-0.62
-185.58%
0.73
+168.84%
-1.05
-898.50%
0.13
Gain Loss On Sale Of PPE
—
0.00
0.00
+100.00%
-0.00
Change In Working Capital
-3.18
-331.86%
1.37
+218.46%
-1.16
-197.76%
1.18
Change In Receivables
-2.62
-352.82%
1.04
+407.61%
-0.34
-153.11%
0.63
Changes In Account Receivables
-2.62
-352.82%
1.04
+187.32%
-1.19
-287.11%
0.63
Change In Prepaid Assets
-0.12
+19.65%
-0.15
-295.20%
0.08
+123.51%
-0.32
Change In Payables And Accrued Expense
0.13
-85.10%
0.86
+206.63%
-0.81
-250.24%
0.54
Change In Other Working Capital
-0.30
-172.66%
-0.11
-213.14%
0.10
-70.99%
0.33
Change In Other Current Liabilities
-0.27
-0.20%
-0.27
-45.48%
-0.19
0.00
Investing Cash Flow
-0.16
-172.18%
0.22
+150.20%
-0.44
-29.98%
-0.34
Cash Flow From Continuing Investing Activities
-0.16
-172.18%
0.22
+150.20%
-0.44
-29.98%
-0.34
Net PPE Purchase And Sale
-0.15
-4474.65%
-0.00
+81.85%
-0.02
+79.54%
-0.09
Purchase Of PPE
-0.15
-4474.65%
-0.00
+81.85%
-0.02
+79.54%
-0.09
Capital Expenditure
-0.15
-4474.65%
-0.00
+81.85%
-0.02
+79.54%
-0.09
Net Investment Purchase And Sale
—
—
0.00
0.00
Sale Of Investment
—
—
0.00
0.00
Net Business Purchase And Sale
-0.01
-103.57%
0.22
+2192.12%
-0.01
+95.70%
-0.25
Purchase Of Business
-0.10
-83.83%
-0.05
+88.77%
-0.49
-94.30%
-0.25
Gain Loss On Sale Of Business
0.00
+100.00%
-0.04
0.00
0.00
Net Intangibles Purchase And Sale
—
—
—
0.00
Purchase Of Intangibles
—
—
—
0.00
Net Other Investing Changes
—
—
-0.41
—
Financing Cash Flow
4.74
-47.84%
9.08
+8781.40%
-0.10
-105.31%
1.97
Cash Flow From Continuing Financing Activities
4.74
-47.84%
9.08
+8781.40%
-0.10
-105.31%
1.97
Net Issuance Payments Of Debt
-10.00
-386.27%
-2.06
-1650.61%
-0.12
-24.79%
-0.09
Issuance Of Debt
0.00
-100.00%
1.37
-9.84%
1.52
-13.84%
1.77
Repayment Of Debt
-10.00
-191.43%
-3.43
-108.92%
-1.64
+11.89%
-1.86
Long Term Debt Issuance
0.00
-100.00%
1.37
-9.84%
1.52
-13.84%
1.77
Long Term Debt Payments
-8.00
-133.14%
-3.43
-108.92%
-1.64
+11.89%
-1.86
Net Long Term Debt Issuance
-8.00
-289.02%
-2.06
-1650.61%
-0.12
-24.79%
-0.09
Short Term Debt Issuance
—
—
0.33
+8.33%
0.30
Short Term Debt Payments
-2.00
0.00
0.00
0.00
Net Short Term Debt Issuance
-2.00
0.00
0.00
0.00
Net Common Stock Issuance
—
0.00
0.00
-100.00%
2.00
Cash Dividends Paid
-0.11
+9.92%
-0.12
-0.95%
-0.12
-17.55%
-0.10
Proceeds From Stock Option Exercised
0.03
0.00
0.00
-100.00%
0.01
Net Other Financing Charges
-0.48
+39.43%
-0.79
-15984.38%
0.01
+101.06%
-0.47
Changes In Cash
2.63
-74.77%
10.42
+470.96%
-2.81
-207.13%
2.62
Beginning Cash Position
12.26
+569.37%
1.83
-60.55%
4.64
+129.98%
2.02
End Cash Position
14.88
+21.46%
12.26
+569.37%
1.83
-60.55%
4.64
Free Cash Flow
-2.10
-288.05%
1.12
+148.92%
-2.28
-353.39%
0.90
Interest Paid Supplemental Data
0.43
-46.40%
0.79
-20.12%
0.99
+8.93%
0.91
Income Tax Paid Supplemental Data
0.19
+298.39%
0.05
-34.72%
0.07
-84.51%
0.47
Common Stock Issuance
—
0.00
0.00
-100.00%
2.00
Issuance Of Capital Stock
15.30
+26.94%
12.05
+9465.64%
0.13
-95.20%
2.63
Net Preferred Stock Issuance
15.30
+26.94%
12.05
+9465.64%
0.13
-79.84%
0.62
Preferred Stock Dividend Paid
-0.11
+9.92%
-0.12
-0.95%
-0.12
-17.55%
-0.10
Preferred Stock Issuance
15.30
+26.94%
12.05
+9465.64%
0.13
-79.84%
0.62
Sale Of Business
0.09
-66.97%
0.28
-41.22%
0.47
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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