u/DaIubhasa

https://www.globenewswire.com/news-release/2026/05/08/3290966/0/en/Castellum-Announces-First-Quarter-2026-Financial-Results.html

Revenue Increase of 23% Driven by Ramp Up of Long-Term Contracts Won in 2025; Enters Second Quarter with a Record Backlog of $273.3 Million

Q1 2026 Financial Highlights

Revenues of $14.3 million, up 23% as compared to $11.7 million in Q1 2025.

Gross profit of $5.1 million, up 11% as compared to $4.6 million in Q1 2025.

Adjusted EBITDA* was $0.4 million, compared to $0.08 million in Q1 2025.

Net loss was $0.4 million (or $0.00 per basic and diluted share), improved from a net loss of $1.2 million (or $0.01 per basic and diluted share) in Q1 2025.

Cash and cash equivalents as of March 31, 2026 was $15.8 million, as compared to $14.9 million at December 31, 2025.

No long-term debt; the remaining long-term obligations were paid off during the quarter.

This is in Auckland NZ. My longest ride and first bikecamping.

First day-81kms in 5hrs

Second day-41kms in 3hrs as I have to ride bus going back home to CBD. This is where Brompton shines. Cycle and fold then bus ride home. Love it!!!