Castellum, Inc. · AMEX:CTM
Castellum — Q3 2026 Earnings Presentation
14 slides from Castellum's earnings presentation, Nov 6, 2026
Slide 1: Third Quarter 2026 Earnings Presentation
NYSE-American: CTM Third Quarter 2026 Earnings Presentation November 6, 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 presentation 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
Slide 3: Strong Q3 and 9M 2026 Performance
Strong Q3 and 9M 2026 Performance Reports Strong Q3 and 9M 2026 Financial and Operational Performance Marked by 9M revenue growth, expanding pipeline, and a debt-free balance sheet. 9M 2026 results reflect the ramp from three long-term Navy prime awards and strong backlog, anchored by AI-enabled cyb
Slide 4: Q3 / 9M 2026 Key Metrics
Q3 / 9M 2026 Key Metrics Revenue ($ in millions) Gross Profit ($ in millions) Adjusted EBITDA* ($ in millions) Revenue is driven by the continued ramp of the Gross profit reflects a higher mix of lower-margin Adj. EBITDA reflects planned 2026 investments in major long-term prime contracts we won in
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) Revenue is driven by the continued ramp of the Gross margin reflects mix of contract type: cost plus EBITDA reflects planned 2026 investments in business major long-term
Slide 6: Financial Highlights
Financial Highlights For the three months ended For the nine months ended September 30, September 30, ($ except per share) 2026 2025 Change 2026 2025 Change Revenue $ 14,701,288 $ 14,619,687 0.5% $ 42,857,925 $ 40,308,142 6.3% Gross Profit $ 5,300,223 $ 5,490,568 (3.4)% $ 15,081,863 $ 15,105,630 (0.
Slide 7: Balance Sheet and Liquidity
Balance Sheet and Liquidity Strong, debt-free balance sheet provides financial flexibility Cash and Accounts Receivable Total Debt Working Capital Total Stockholders' Equity $24.5 M $0.0 M $20.6 M $36.3 M as of 9/30/2026 Debt-free Current position as of 9/30/2026 Integrity. Innovation. Engagement. S
Slide 8: Multi-Year Revenue Visibility
Multi-Year Revenue Visibility Scheduled Backlog of $254.5M plus record qualified pipeline of $1,662.5M = multi-year revenue coverage Ramp up from three large long-term Navy primes won in 2025 drove 6.3% 9M 2026 revenue growth, anchored by multi-year federal cyber and electronic-warfare programs. $25
Slide 9: Outlook and Priorities
Outlook and Priorities Strategic Priorities Through 2026 & 2027 1 2 3 4 Prioritize strategic Convert expanded Continue organic growth Grow existing programs acquisitions to pipeline into new momentum and improve profitability accelerate growth contract awards Expects Full Year 2026 to be a Record Ye
Slide 10: Acquisition Strategy
Acquisition Strategy Scale Capabilities Customers • Strong federal-prime contracts with recurring, Platform Product and Solution mission-critical revenue Tuck-Ins Combinations Acquisitions • Proven ability to win full-and-open competitions Smaller Acquisitions that Larger, complementary Businesses w
Slide 11: Appendix
Appendix Integrity. Innovation. Engagement. Sustainability. 11
Slide 12: Consolidated Balance Sheet
Appendix September 30, December 31, 2026 2025 (unaudited) Consolidated Balance Sheet Liabilities and Stockholders' Equity Liabilities Current Liabilities September 30, December 31, Accounts payable and accrued expenses $ 1,967,558 $ 1,904,962 Accrued payroll and payroll related expenses 2,882,136 2,
Slide 13: Consolidated Statement of Operations
Appendix (cont.) Consolidated Statement of Operations Three Months Ended Nine Months Ended September 30, September 30, 2026 2025 2026 2025 Revenues $ 14,701,288 $ 14,619,687 $ 42,857,925 $ 40,308,142 Cost of Revenues 9,401,065 9,129,119 27,776,062 25,202,512 Gross Profit 5,300,223 5,490,568 15,081,8
Slide 14: Reconciliation of Non-GAAP Adjusted EBITDA
Appendix (cont.) Reconciliation of Non-GAAP Adjusted EBITDA Three Months Ended Nine Months Ended September 30, September 30, 2026 2025 2026 2025 Revenues $ 14,701,288 $ 14,619,687 $ 42,857,925 $ 40,308,142 Gross profit 5,300,223 5,490,568 15,081,863 15,105,630 Loss from operations before other incom