Castellum, Inc. (CTM) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — CTM

Balance Sheet

(in millions USD)

Metric	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Cash & Equivalents	16.87	15.77	17.82	14.73	13.29	2.74	2.41	2.25	1.34	2.99	2.27	1.85
Accounts Receivable	7.15	7.71	9.37	9.26	8.27	5.61	6.37	6.94	7.81	6.61	8.25	8.47
Total Current Assets	25.12	25.00	28.65	25.34	22.65	9.33	9.36	9.78	10.09	10.93	11.42	10.63
Property, Plant & Equipment	0.22	0.22	0.24	0.21	0.13	0.19	0.23	0.27	0.35	0.39	0.34	0.19
Goodwill	10.68	10.68	10.68	10.68	10.68	10.68	10.72	10.72	10.72	17.39	17.36	15.53
Intangible Assets	4.76	5.07	5.73	6.08	6.44	7.25	7.88	8.41	9.59	10.23	10.86	7.13
Total Non-current Assets*	16.70	16.83	17.60	18.10	18.46	19.51	20.10	20.69	21.37	28.85	28.55	22.92
Total Assets	41.83	41.82	46.25	43.45	41.11	28.84	29.47	30.47	31.45	39.77	39.98	33.55
Accounts Payable	2.02	1.98	2.38	2.29	1.51	1.00	1.02	0.85	0.99	1.08	1.72	1.64
Short-term Debt	--	--	--	--	--	--	--	--	12.59	--	--	--
Total Current Liabilities	5.33	5.19	6.86	7.00	7.74	8.40	8.43	8.25	16.76	8.85	9.39	8.77
Long-term Debt	--	--	--	--	--	8.30	8.65	9.02	8.22	8.28	7.94	8.47
Total Non-current Liabilities	0.61	0.49	2.66	4.67	7.27	8.42	8.96	9.39	0.92	8.88	7.70	7.63
Total Liabilities	5.94	5.68	9.52	11.67	15.01	16.82	17.39	17.64	17.68	17.72	17.09	16.39
Retained Earnings	(58.02)	(56.97)	(55.24)	(55.63)	(55.28)	(51.31)	(50.00)	(48.12)	(41.77)	(32.58)	(30.45)	(20.39)
Total Stockholder Equity	35.88	36.14	36.73	31.77	26.10	12.03	12.08	12.83	13.77	22.05	22.89	17.16

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Total Revenue	13.86	14.29	12.56	14.62	14.02	11.66	10.30	11.61	11.52	11.34	11.09	34.15	12.48	9.94	10.02	32.17
Cost of Revenue	9.15	9.23	8.29	9.13	8.96	7.11	6.18	6.65	6.85	6.82	6.50	6.90	7.26	5.90	5.89	6.47
Gross Profit	4.72	5.06	4.26	5.49	5.06	4.55	4.12	4.96	4.67	4.52	4.59	4.84	5.21	4.04	4.13	4.65
Selling, General & Admin	2.87	2.65	2.45	2.38	2.73	3.14	3.17	3.40	3.52	4.24	3.67	3.74	4.24	6.05	3.95	3.30
Total Operating Expenses	5.81	5.76	5.65	5.05	5.44	6.04	5.74	6.34	6.24	7.19	6.12	13.41	7.11	8.71	8.44	6.70
Operating Income	(1.09)	(0.70)	(1.39)	0.45	(0.38)	(1.49)	(1.62)	(1.38)	(1.57)	(2.67)	(1.53)	(8.57)	(1.89)	(4.67)	(4.31)	(2.05)
Interest Expense	--	0.00	(0.03)	0.00	0.00	0.03	0.10	0.04	0.05	0.01	--	--	--	--	--	--
Pretax Income	(0.99)	(0.34)	(1.22)	0.52	(0.40)	(1.10)	(2.67)	(1.54)	(1.73)	(3.98)	(2.31)	(9.09)	(2.11)	(5.55)	(5.76)	(3.00)
Tax Provision	0.04	0.01	0.10	0.11	(0.08)	0.07	0.07	(0.26)	0.12	0.13	(0.12)	0.10	(0.01)	(1.23)	(0.08)	0.16
Net Income	(1.03)	(0.35)	(1.32)	0.42	(0.32)	(1.17)	(2.74)	(1.28)	(1.85)	(4.11)	(2.19)	(9.19)	(2.10)	(4.32)	(5.60)	(3.14)
Basic EPS	(0.01)	0.00	(0.02)	0.00	0.00	(0.01)	(0.05)	(0.02)	(0.03)	(0.08)	(0.05)	(0.19)	(0.04)	(0.10)	(0.16)	(0.12)
Diluted EPS	(0.01)	0.00	(0.02)	0.00	0.00	(0.01)	(0.05)	(0.02)	(0.03)	(0.08)	(0.05)	(0.19)	(0.04)	(0.10)	(0.16)	(0.12)

Cash Flow Statement

(in millions USD)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Operating Cash Flow	1.06	1.29	(0.66)	1.00	0.21	(2.50)	(0.39)	0.74	0.75	0.02	0.87	(1.27)	0.56	(2.43)	1.54	(0.55)
Capital Expenditures	0.02	0.01	0.01	0.04	0.10	--	0.00	0.00	0.00	0.00	-0.00	0.00	0.00	0.02	-0.00	0.09
Free Cash Flow*	1.04	1.28	(0.67)	0.96	0.12	--	(0.39)	0.74	0.75	0.02	0.87	(1.27)	0.56	(2.45)	1.55	(0.65)
Investing Cash Flow	0.02	0.02	(0.09)	0.02	(0.10)	0.00	0.17	0.11	(0.05)	0.00	0.00	(0.02)	0.00	(0.43)	0.00	(0.34)
Financing Cash Flow	0.01	(0.43)	(2.19)	2.07	1.32	3.53	9.74	(0.52)	(0.53)	0.40	(0.38)	(0.37)	0.16	0.49	1.24	0.73

* Derived from reported values