WidePoint outlines $45 million SaaS contract with major US mobile carrier
WYY•WidePoint expects its five-year, approximately $45 million SaaS contract with a major U.S. mobile carrier to launch by year-end, with an approximately 70% gross margin profile. The company reported second-quarter 2026 revenue of $38 million, adjusted EBITDA of $635,200 and a $219 million backlog.
1. Contract and results
WidePoint expects the five-year, approximately $45 million SaaS contract with a major U.S. mobile carrier to launch by year-end. It is expected to cover 2 million to 2.5 million government telecom units and has an approximately 70% gross margin profile. A 10-year, $3.1 billion Department of Homeland Security cellular wireless managed services contract remains pending reevaluation.
2. Financial position
Second-quarter 2026 revenue totaled $38 million, with adjusted EBITDA of $635,200. WidePoint reported a contract backlog of $219 million and cash of $10 million, with no debt, as of June 30, 2026.
