Castellum Inc. (CTM)
AMEX AMEX Primary 
Castellum AB (publ) (CWQXY) Q2 2026 Earnings Call Transcript
Castellum AB (publ) (CWQXY) Q2 2026 Earnings Call Transcript
Castellum AB (publ) (CWQXY) Discusses Back to Basics Strategy Focused on Profitability and Portfolio Rotation Transcript
Castellum AB (publ) (OTCPK:CWQXY) Discusses Back to Basics Strategy Focused on Profitability and Portfolio Rotation November 28, 2025 3:00 AM EST Company Participants Christoffer Stromback - Head of Investor Relations & Corporate Finance Pal Ahlsen - President & CEO Conference Call Participants Lars Norrby - SEB, Research Division Fredrik Stensved - ABG Sundal Collier Holding ASA, Research Division Nadir Rahman - UBS Investment Bank, Research Division Jonathan Kownator - Goldman Sachs Group, Inc., Research Division Neeraj Kumar - Barclays Bank PLC, Research Division Viktor Hökenhammar - Pareto Securities AS, Research Division Stephanie Dossmann - Jefferies LLC, Research Division Presentation Christoffer Stromback Head of Investor Relations & Corporate Finance Good morning, and welcome to this Castellum webcast and Q&A session. From our side, it's myself, Christoffer Stromback, acting CFO; and Pal Ahlsen, CEO.
Castellum: Record Revenue, Positive EBITDA, And A Cheap Valuation Make It A Buy
Castellum, Inc.'s Q2 results confirm my bullish thesis: organic growth, improving profitability, and a stronger balance sheet are all materializing as expected. The company posted 22% year-over-year revenue growth and positive adjusted EBITDA, signaling a shift toward sustainable profitability and operational leverage. Balance sheet improvements from the recent equity raise and debt reduction provide flexibility for growth and reduce downside risk for investors.
Castellum: The New Public Offering Reinforces A Buy At Current Levels
Castellum's $5M public offering at $1.20 per unit is a smart move to fund growth and working capital with reasonable dilution risk. The company's strong DoD pipeline, growing backlog, and recent contract wins support a bullish long-term investment thesis despite short-term dilution. Financial discipline is evident: operating losses are shrinking, margins are improving, and incremental capital raises position Castellum to double revenue by 2026.
Castellum: Upside Might Be There In A Few Years, But Now I'm Still Cautious
I have turned negative on Swedish real estate, particularly office space, due to high leverage and changing interest rate environments impacting companies like Castellum. Castellum's dividend yield is expected to be significantly lower, around 1-2%, making it less attractive compared to other investment options like Realty Income (O). Despite some positive metrics, Castellum faces high vacancies, declining public sector tenants, and subpar economic occupancy rates, leading to a negative outlook.
Why Is Castellum (CTM) Stock Moving Today?
Castellum (NYSEMKT: CTM ) stock is taking off on Monday after the cybersecurity company announced a strategic alliance with Krilla Kaleiwahea. Castellum is a long-time partner of the U.S. government working alongside the Department of Defense (DOD).
Castellum, Inc. (NYSEAMERICAN:CTM) Shares Acquired by Meridian Wealth Management LLC
Meridian Wealth Management LLC boosted its position in shares of Castellum, Inc. (NYSEAMERICAN:CTM – Free Report) by 123.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 503,500 shares of the company’s stock after purchasing an additional 278,500 shares during the quarter. Meridian Wealth Management LLC owned approximately 1.06% of Castellum worth $150,000 at the end of the most recent reporting period. Separately, Inscription Capital LLC acquired a new stake in Castellum during the 4th quarter valued at $74,000. Institutional investors and hedge funds own 3.39% of the company’s stock. Castellum Trading Up 4.5 % Shares of NYSEAMERICAN CTM opened at $0.25 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.65. The stock has a market cap of $13.52 million, a PE ratio of -0.73 and a beta of -3.27. Castellum, Inc. has a 12 month low of $0.18 and a 12 month high of $0.81. Castellum (NYSEAMERICAN:CTM – Get Free Report) last released its earnings results on Thursday, March 21st. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $11.09 million for the quarter. Castellum had a negative return on equity of 69.28% and a negative net margin of 37.71%. Castellum Profile (Free Report) Castellum, Inc provides services in the areas of cybersecurity, information technology, electronic and information warfare, and information operations. Its services include intelligence analysis, software development, software engineering, program management, strategic and mission planning, information assurance, cybersecurity and policy support, data analytics, and model based systems engineering services.
