10-K - Castellum, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Castellum, Inc. reported a net loss of $2.4 million for fiscal year 2025, with revenues of $52.9 million and gross profit of $19.4 million. The company generated a loss from operations of $2.8 million before other income, which included a $624K gain primarily from a $621K change in fair value of derivative liabilities. Operating cash flow was negative $1.9 million, while financing activities provided $4.7 million mainly from equity issuance of $15.3 million net of costs. The balance sheet shows total assets of $41.9 million with $14.9 million in cash, total liabilities of $6.2 million, and stockholders' equity of $35.8 million. The company's accumulated deficit increased to $56.6 million.

Key Takeaways

1Reported $52.9M revenue with $19.4M gross profit, resulting in 36.7% gross margin

2Net loss of $2.4M with operating loss of $2.8M before other income

3Negative operating cash flow of $1.9M offset by $4.7M from financing activities

4Total assets of $41.9M with $14.9M cash and $10.7M in goodwill

5Accumulated deficit increased to $56.6M with total stockholders' equity of $35.8M

Key Financial Metrics

Revenue

$52.9M

Net Income

-$2.4M

Gross Margin

36.7%

Gross Profit

$19.4M

Operating Income

-$2.8M

operating margin

-5.3%