WidePoint Q4 Revenue Rises 12%, Secures $40–45M FedRAMP SaaS Deal
WidePoint posted Q4 revenue of $42.3 million, up $4.6 million year-over-year, with a net loss of $849,000 (9 cents per share) and adjusted EBITDA of $460,000, a 34% increase. The company ended 2025 with $9.8 million cash, no bank debt, $223 million contract backlog and has secured an estimated $40–45 million FedRAMP SaaS deal.
1. Fourth Quarter Financial Results
WidePoint reported revenue of $42.3 million for the quarter ended December 31, 2025, a $4.6 million increase from Q4 2024. The company posted a net loss of $849,000 (9 cents per share) while delivering adjusted EBITDA of $460,000, marking its 34th consecutive quarter of positive adjusted EBITDA.
2. Operational Highlights and Contract Awards
During Q4, WidePoint achieved its ninth straight quarter of positive free cash flow and won several new contracts, including a $1.3 million managed services deal with a beverage bottler, a $1.25 million task order under the Navy Spiral 4 contract, and a CWMS 2.0 extension with U.S. Customs & Border Protection valued up to $27.5 million.
3. Balance Sheet and Backlog
As of December 31, 2025, WidePoint held $9.8 million in unrestricted cash with no bank debt. The company’s contract backlog stood at approximately $223 million, reflecting strong future revenue visibility.
4. Future Revenue Drivers
WidePoint secured an estimated $40–45 million FedRAMP-authorized SaaS contract with a major telecommunications carrier, slated to begin revenue recognition in the second half of 2026. Management is also focused on the pending CWMS 3.0 award and advancing its Devices-as-a-Service pipeline to drive margin expansion.