Castellum, Inc. announced it has fully retired its sole remaining $400,000 note payable to Emil Kaunitz, eliminating all debt from its balance sheet. As of February 17, 2026, the company reports no debt and over $14M in cash, positioning it debt-free following seven acquisitions.
Key takeaways
Paid off $400,000 principal balance on note payable to Emil Kaunitz
Achieved zero debt on balance sheet as of February 17, 2026
Cash position exceeds $14M currently
As of July 2024, balance sheet showed over $11M debt and over $2M cash
Won three major prime contracts totaling over $219M: $103.3M (March 2025), $66.2M (September 2025), $49.8M (December 2025)