Company research
Castellum, Inc.
CIK 1877939Updated Sep 27, 2026
SecurityCTM · NYSE_AMERICAN · equity
Historical securities (1)
ONOV · OTC · equity · closed Oct 12, 2022CTM price & chart
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Recent filings
Other Events
Items 8.01, 9.01
8-K filing
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
Other Events
Items 8.01, 9.01
Financials
FY 2025 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 41,902,844Source | 37,837,435Source | 30,107,277Source | 33,043,008Source |
| Property, Plant and Equipment, NetUSD | 231,136Source | 156,111Source | 310,170Source | 173,350Source |
| GoodwillUSD | 10,676,834Source | 10,676,834Source | 10,716,907Source | 15,533,964Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 5,371,602Source | 6,793,750Source | 8,970,864Source | 6,634,167Source |
| Current assets: | ||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 8,180,180Source | 5,507,384Source | 6,883,566Source | 5,193,562Source |
| Assets, CurrentUSD | 24,645,694Source | 18,891,178Source | 9,496,193Source | 10,666,003Source |
| Prepaid Expense and Other Assets, CurrentUSD | 800,671Source | 667,592Source | 404,228Source | 222,995Source |
| Operating Lease, Right-of-Use AssetUSD | 800,069Source | 1,075,982Source | 613,143Source | 35,524Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 6,150,047Source | 17,655,409Source | 17,158,588Source | 15,511,092Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 9,461Source | 7,707Source | 4,767Source | 4,170Source |
| Additional Paid in CapitalUSD | 92,330,909Source | 74,256,138Source | 56,926,157Source | 43,621,651Source |
| Retained Earnings (Accumulated Deficit)USD | -56,588,218Source | -54,082,484Source | -43,982,900Source | -26,094,570Source |
| Stockholders' Equity Attributable to ParentUSD | 35,752,797Source | 20,182,026Source | 12,948,689Source | 17,531,916Source |
| Liabilities and EquityUSD | 41,902,844Source | 37,837,435Source | 30,107,277Source | 33,043,008Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 5,599,828Source | 9,824,653Source | 7,977,092Source | 7,758,540Source |
| Operating Lease, Liability, CurrentUSD | 270,868Source | 310,380Source | 185,263Source | 22,054Source |
| Operating Lease, Liability, NoncurrentUSD | 550,219Source | 780,756Source | 435,204Source | 12,632Source |
| Deferred Income Tax Liabilities, NetUSD | — | 0Source | 6,292Source | — |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 0Source | 0Source | 6,292Source | — |
| Long-term DebtUSD | — | 8,000,000Source | 8,074,775Source | 8,373,838Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 1,498,864Source | 2,220,185Source | 2,528,815Source | 2,032,459Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 2,475,687Source | 5,426,985Source | 7,495,759Source | 8,796,641Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 2,620,686Source | -1,036,587Source | 1,187,118Source | -634,448Source |
| Deferred Income Tax Expense (Benefit)USD | 0Source | 0Source | -1,480,166Source | 610,033Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -1,948,377Source | 1,120,105Source | -2,264,447Source | 990,163Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | 250,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -159,773Source | 221,356Source | -440,985Source | -339,282Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 151,741Source | 3,317Source | 18,271Source | 89,282Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 4,737,880Source | 9,082,746Source | -104,623Source | 1,972,100Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 14,884,778Source | 12,255,048Source | 1,830,841Source | 4,640,896Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 425,787Source | 794,361Source | 994,449Source | 912,965Source |
| Income Taxes Paid, NetUSD | 188,500Source | 47,315Source | 72,484Source | 467,910Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance Costs and DiscountsUSD | 0Source | 1,118,194Source | 2,265,061Source | 2,553,317Source |
| Amortization of Intangible AssetsUSD | 1,422,148Source | 2,062,809Source | 2,380,303Source | 1,970,433Source |
| DepreciationUSD | 76,716Source | 157,376Source | 148,512Source | 62,026Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 621,000Source | -725,600Source | 1,054,025Source | -132,000Source |
| Gain (Loss) on Disposition of AssetsUSD | — | — | 0Source | 303Source |
| Gain (Loss) on Disposition of BusinessUSD | 0Source | 39,234Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | 303Source |
| Gain (Loss) on Termination of LeaseUSD | 0Source | 9,225Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | -822,847Source | — | — |
| General and Administrative ExpenseUSD | 10,695,746Source | 14,328,672Source | 17,697,886Source | 13,586,600Source |
| GoodwillUSD | 10,676,834Source | 10,676,834Source | 10,716,907Source | 15,533,964Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | — | — | 0Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 6,919,094Source | 0Source |
| Income Tax Expense (Benefit)USD | 207,980Source | 68,032Source | -1,257,117Source | 819,596Source |
| Induced Conversion of Convertible Debt ExpenseUSD | 0Source | 0Source | 300,000Source | — |
| InterestExpenseNonoperatingUSD | — | 187,384Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -2,398,292Source | -9,980,307Source | -17,800,178Source | -14,908,038Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -2,505,734Source | -10,099,584Source | -17,918,330Source | -15,008,554Source |
| Nonoperating Income (Expense)USD | 624,250Source | -2,667,648Source | -2,388,470Source | -4,124,506Source |
| Operating ExpensesUSD | 22,183,419Source | 25,511,042Source | 35,344,152Source | 27,561,253Source |
| Operating Lease, ExpenseUSD | 275,913Source | — | — | — |
| Other Nonoperating Income (Expense)USD | 0Source | 0Source | 106,419Source | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | 0Source |
| Proceeds from Stock Options ExercisedUSD | 26,500Source | 0Source | 0Source | 12,000Source |
| Realized Investment Gains (Losses)USD | — | — | 0Source | 0Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 52,866,001Source | 44,764,852Source | 45,243,811Source | 42,190,643Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -2,814,562Source | -7,244,627Source | -16,668,825Source | -9,963,936Source |
| Other Nonoperating Income (Expense)USD | 0Source | 0Source | 106,419Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -2,190,312Source | -9,912,275Source | -19,057,295Source | -14,088,442Source |
| Income Tax Expense (Benefit)USD | 207,980Source | 68,032Source | -1,257,117Source | 819,596Source |
| Net Income (Loss) Attributable to ParentUSD | -2,398,292Source | -9,980,307Source | -17,800,178Source | -14,908,038Source |
| Earnings Per Share, BasicUSD per share | -0.03Source | -0.18Source | -0.38Source | -0.55Source |
| Earnings Per Share, DilutedUSD per share | -0.03Source | -0.18Source | -0.38Source | -0.55Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 92,962,823Source | 55,287,657Source | 47,177,950Source | 27,468,226Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 92,962,823Source | 55,287,657Source | 47,177,950Source | 27,468,226Source |
| Interest Expense (non-operating)USD | — | 187,384Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,422,148Source | 2,062,809Source | 2,380,303Source | 1,970,433Source |
| Current Income Tax Expense (Benefit)USD | 207,980Source | 68,032Source | 223,049Source | 209,563Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 621,000Source | -725,600Source | 1,054,025Source | -132,000Source |
| General and Administrative ExpenseUSD | 10,695,746Source | 14,328,672Source | 17,697,886Source | 13,586,600Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 6,919,094Source | 0Source |
| Gross ProfitUSD | 19,368,857Source | 18,266,415Source | 18,675,327Source | 17,597,317Source |
| Interest ExpenseUSD | 0Source | 209,622Source | 1,399,262Source | 1,535,840Source |
| Interest Expense, DebtUSD | 385,912Source | 706,054Source | 1,732,265Source | 1,874,142Source |
| Interest Income (Expense), NetUSD | 3,250Source | -1,158,435Source | -3,248,914Source | -3,992,809Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -2,505,734Source | -10,099,584Source | -17,918,330Source | -15,008,554Source |
| Nonoperating Income (Expense)USD | 624,250Source | -2,667,648Source | -2,388,470Source | -4,124,506Source |
| Operating ExpensesUSD | 22,183,419Source | 25,511,042Source | 35,344,152Source | 27,561,253Source |
| Operating Lease, ExpenseUSD | 275,913Source | — | — | — |
| Preferred Stock Dividends, Income Statement ImpactUSD | 107,442Source | 119,277Source | 118,152Source | 100,516Source |
| Realized Investment Gains (Losses)USD | — | — | 0Source | 0Source |