WidePoint Corporation

WidePoint Corporation reported FY 2025 revenues of $150.5 million, up 6% from $142.6 million in 2024, driven by higher carrier services ($91.9 million, +6%) and managed services ($58.7 million, +5%), primarily from expanded federal contracts including a new task order with Customs and Border Protection adding $5.2 million. Gross profit improved 11% to $21.0 million (14% margin vs. 13% prior year), reflecting better managed services margins at 36% from 34%. However, operating expenses rose to $23.8 million, leading to a $2.8 million operating loss and net loss of $2.8 million, wider than the $1.9 million loss in 2024 due to higher G&A ($19.7 million) and depreciation. U.S. federal government revenue comprised 83% ($125.3 million, +5%). Cash from operations strengthened to $5.7 million from $1.6 million, supporting liquidity with $9.8 million cash and $11.5 million equity. Key risks include DHS CWMS 2.0 contract renewal (77% of 2025 revenues), pending re-competition. Forward outlook focuses on winning re-compete, leveraging FedRAMP status, and expanding commercial sales for growth.

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