Filing Flows › Castellum (CTM) › Q1 2025
Castellum (CTM) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Castellum (CTM) reported revenue of $11.7M for the first quarter 2025 (Q1 2025), +3% from a year earlier and +13% from the quarter before. Operating margin was -12.7%, net loss $1.2M (10.0% of revenue).
Castellum, Q1 2025: revenue $11.7M (+3% year over year), operating margin -12.7%, net loss $1.2M, operating cash flow −$2.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.7M | +13% | +3% |
| Operating profit | −$1.5M | — | — |
| Net earnings | −$1.2M | — | — |
| Operating cash flow | −$2.5M | — | — |
What changed
Revenue was $11.7M in Q1 2025, up 3% year over year and up 13% from the previous quarter.
Gross margin was 39.0%, down 0.8 points from a year earlier. Operating costs exceeded revenue by $1.5M, an operating margin of -12.7%. Operating expenses fell 16% while revenue rose 3%. The quarter ended with a net loss of $1.2M, narrower than the previous quarter's $2.7M loss. Non-operating items added $390K, -36% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.5M. Non-cash charges added back $378K of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $2.9M.
Questions
What was Castellum's revenue in the first quarter 2025?
Castellum (CTM) reported revenue of $11.7M for the first quarter 2025 (Q1 2025), +3% from a year earlier and +13% from the quarter before.
Was Castellum profitable in the first quarter 2025?
Operating loss was $1.5M (-12.7% of revenue) and net loss $1.2M.
Source: Castellum 10-Q on SEC EDGAR.