Castellum, Inc. · AMEX:CTM
Castellum — Q2 2026 Earnings Presentation
13 slides from Castellum's earnings presentation, Aug 7, 2026
Slide 1: Second Quarter 2026 Earnings Presentation
NYSE-American: CTM Second Quarter 2026 Earnings Presentation August 7, 2026 Mission Ready Defense Technology Delivering AI-enabled Cyber, Electronic Warfare, C5ISR, and Decision Advantage. Integrity. Innovation. Engagement. Sustainability.
Slide 2: Cautionary Statement Concerning Forward-Looking Statements
Cautionary Statement Concerning Forward-Looking Statements: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the
Slide 3: Strong First Half Performance
Strong First Half Performance Reports Strong First Half 2026 Performance Marked by accelerating growth, major Navy wins, and a debt-free balance sheet. H1 2026 results reflect the ramp from three long-term Navy prime awards and record backlog, anchored by AI-enabled cyber, electronic-warfare, and C5
Slide 4: H1 / Q2 2026 Key Metrics
H1 / Q2 2026 Key Metrics Revenue ($ in millions) Gross Profit ($ in millions) Adjusted EBITDA* ($ in millions) $14.0M $13.9M $5.1M $4.7M $0.5M $0.0M Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 $25.7M $28.2M $0.6M $9.6M $9.8M $0.4M 1H 2025 1H 2026 1H 2025 1H 2026 1H 2025 1H 2026 Revenue is driven
Slide 5: Revenue, Gross Profit and Adj. EBITDA Trends
Revenue, Gross Profit and Adj, EBITDA Trends Revenue ($ in millions) Gross Profit ($ in millions) Adjusted EBITDA ($ in millions) $52.9 $1.0 $44.8 $19.4 $18.3 $0.8 $28.2 $9.8 $0.4 FY2024 FY2025 6M 2026 FY2024 FY2025 6M 2026 FY2024 FY2025 6M 2026 Revenue is driven by the continued ramp of the Gross m
Slide 6: Financial Highlights
Financial Highlights For the three months ended For the six months ended June 30, June 30, ($ in thousands, except per share) 2026 2025 % Change 2026 2025 % Change Revenue $ 13,864,676 $ 14,024,090 (1.1)% $ 28,156,637 $ 25,688,455 9.6% Gross Profit $ 4,719,419 $ 5,060,447 (6.7)% $ 9,781,640 $ 9,615,
Slide 7: Balance Sheet and Liquidity
Balance Sheet and Liquidity Strong, debt-free balance sheet provides financial flexibility Cash and Equivalents Total Debt Working Capital Total Stockholders' Equity $16.9 M $0.0 M $19.8 M $35.9 M as of 6/30/2026 Debt-free Current position as of 6/30/2026 Integrity. Innovation. Engagement. Sustainab
Slide 8: Multi-Year Revenue Visibility
Multi-Year Revenue Visibility Record backlog of $271.7M plus qualified pipeline of $953.5M = multi-year revenue coverage Ramp from three large long-term Navy primes won in 2025 drove 9.7% H1 2026 revenue growth, anchored by multi-year federal cyber and electronic-warfare programs. $271.7M $953.5M $2
Slide 9: Outlook and Priorities
Outlook and Priorities Priorities for the Balance of 2026 1 2 3 4 Continue organic Convert pipeline Advance disciplined, Invest in mission growth momentum opportunities into accretive M&A strategy technologies and awards capabilities Expects Full Year 2026 to Be a Record Year in Terms of Revenue; We
Slide 10: Appendix
Appendix Integrity. Innovation. Engagement. Sustainability. 10
Slide 11: Consolidated Balance Sheet
Appendix June 30, December 31, 2026 2025 (unaudited) Consolidated Balance Sheet Liabilities and Stockholders' Equity Liabilities Current Liabilities Accounts payable and accrued expenses $ 2,019,079 $ 1,904,962 June 30, December 31, Accrued payroll and payroll related expenses 2,954,048 2,761,998 20
Slide 12: Consolidated Statement of Operations
Appendix (cont.) Consolidated Statement of Operations Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Revenues $ 13,864,676 $ 14,024,090 $ 28,156,638 $ 25,688,455 Cost of Revenues 9,145,257 8,963,643 18,374,997 16,073,392 Gross Profit 4,719,419 5,060,447 9,781,640 9,615,063
Slide 13: Reconciliation of Non-GAAP Adjusted EBITDA
Appendix (cont.) Reconciliation of Non-GAAP Adjusted EBITDA Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Revenues $ 13,864,676 $ 14,024,090 $ 28,156,637 $ 25,688,455 Gross profit 4,719,419 5,060,447 9,781,640 9,615,063 Loss from operations before other income (expense) (