WidePoint Q2 FY26 returns to profit at USD 66,000; revenue rises 1.9% to USD 38 million
WYY•DHS contract awards and protest
- DHS named it single awardee on the CWMS 3.0 10-year IDIQ with a ceiling near USD 3.1 billion, though an unsuccessful bidder filed a protest.
- DHS also awarded a six-month CWMS 2.5 bridge IDIQ with a ceiling near USD 113 million; GAO has until Oct. 7, 2026, to decide.
Q2 returns to profit as revenue rises
- WidePoint posted Q2 net income of USD 66,000, swinging from a year-earlier net loss of USD 618,000, as revenue rose 1.88% to USD 38 million.
- Adjusted EBITDA, a non-GAAP measure, climbed to USD 635,000; free cash flow rose to USD 627,000.
- Gross margin edged up 1 percentage point to 15%, while unrestricted cash totaled USD 10 million with no bank debt.
