Castellum Q2 FY26 net loss widens to $1.1 million; revenue slips 1.14% to $13.9 million

Castellum posted Q2 net loss of $1.1 million, widening from a $0.3 million loss a year earlier, as revenue held at $13.9 million.

Adjusted EBITDA fell to $0.03 million from $0.5 million in Q2, reflecting planned 2026 investments in business development and acquisition activities.

First-half revenue rose 10% to $28.2 million, while net loss narrowed to $1.4 million from $1.5 million a year earlier.

Cash climbed to $16.9 million at June 30 from $14.9 million at year-end; the balance sheet carried no long-term debt.

Backlog totaled $271.7 million, while Castellum flagged CMMC Level 2 certification and reiterated expectations for record full-year revenue.