WidePoint Q2 revenue rises, adjusted EBITDA jumps
WYY•Q2 results and key drivers
- US secure mobility manager's Q2 revenue rose 2% yr/yr
- Adjusted EBITDA for Q2 rose 246% from last year
- Company named single awardee for 10-year DHS contract, currently under protest
Company cited new and renewal federal contracts, including DHS CWMS 3.0 and NASA SEWP VI, as drivers of Q2 results. Co expanded integration engagement with a leading US telecommunications carrier during Q2.
Outlook and contract update
- Company expects no operational impact from the CWMS 3.0 contract protest due to bridge contract
- WidePoint anticipates ATV contract go-live by end of 2026
- Company sees potential for increased DaaS pipeline activity in second half of 2026
DHS awarded a 6-month bridge contract to ensure no gaps in federal business during the protest period.
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Revenue | $38 mln | $42.46 mln (2 Analysts) | |
| Q2 Adjusted EBITDA | $635,200 | ||
| Q2 Basic EPS | $0.01 | ||
| Q2 EBITDA | $460,300 | ||
| Q2 Gross Profit | $5.80 mln |
