olivLaw · US equity research
Castellum, Inc. CTM
Services-Management Consulting Services · SIC 8742
Castellum is a technology services company working mainly for the U.S. government in cybersecurity, electronic warfare, software development and information operations. The company reported revenue growth in the first half of 2026 and a total backlog of over 271 million USD, which makes it relevant for investors watching defense budgets, though profitability remains an open question with net losses still present.
At the close of 04 Nov 2026, Castellum, Inc. (CTM) stock was 0.49 USD (+2.08% on the day), with market capitalisation 46.4 m USD, beta 1.63, 52-week range 0.48–1.23 USD. Latest reported quarter (Q2 2026): revenue of 13.9 m USD (−1.1% YoY), net income of -1.0 m USD, diluted EPS -0.01 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 32.8
- weak (30–45)
- Bollinger (20, 2)
- 0.46 – 0.64
- in the lower half of the band · %B 0.18 · band width 33.8%
- SMA 50 / 200
- 0.59 / 0.71
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.03 / -0.03
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −21.5% | −1.1% | −20.4 pp | — |
| 3 months | −37.7% | −0.5% | −37.2 pp | — |
| 6 months | −29.2% | +4.4% | −33.6 pp | — |
| Year to date | −45.7% | +12.3% | −58.1 pp | — |
| 1 year | −62.6% | +13.5% | −76.1 pp | — |
| 3 years | +26.6% | +76.4% | −49.8 pp | — |
| 5 years | unavailable | +63.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11.6 m | 10.3 m | 11.7 m | 14.0 m | 14.6 m | 12.6 m | 14.3 m | 13.9 m |
| Cost of revenue | 6.7 m | 6.2 m | 7.1 m | 9.0 m | 9.1 m | 8.3 m | 9.2 m | 9.1 m |
| Gross profit | 5.0 m | 4.1 m | 4.6 m | 5.1 m | 5.5 m | 4.3 m | 5.1 m | 4.7 m |
| Operating income | -1.4 m | -1.6 m | -1.5 m | -383.5 k | 445.3 k | -1.4 m | -698.0 k | -1.1 m |
| Depreciation & amortisation | 556.5 k ≈ | 496.6 k | 378.2 k | 372.0 k ≈ | 374.3 k ≈ | 374.4 k | 325.0 k | 324.3 k ≈ |
| Interest expense | 181.5 k | 100.1 k | 28.7 k | 126.1 k | 69.6 k | -28.7 k | 0 | 0 |
| Pre-tax income | -1.5 m | -2.7 m | -1.1 m | -397.9 k | 522.1 k | -1.2 m | -344.6 k | -989.6 k |
| Income tax | -257.5 k | 71.1 k | 74.3 k | -75.8 k | 106.7 k | 102.8 k | 6.7 k | 36.9 k |
| Net income | -1.3 m | -2.7 m | -1.2 m | -322.1 k | 415.4 k | -1.3 m | -351.3 k | -1.0 m |
| Diluted EPS | -0.02 | -0.05 ≈ | -0.01 | 0.00 | 0.00 | -0.01 ≈ | 0.00 | -0.01 |
| Operating cash flow | 742.2 k ≈ | -394.4 k | -2.5 m | 214.2 k ≈ | 1.0 m ≈ | -661.7 k | 1.3 m | 1.1 m ≈ |
| Capex | 3.3 k ≈ | 0 | 0 | 97.2 k ≈ | 44.7 k ≈ | 9.8 k | 9.7 k | 17.5 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | 13.3 m | 25.1 m | 42.2 m | 45.2 m | 44.8 m | 52.9 m |
| Revenue YoY | unavailable | +87.9% | +68.3% | +7.2% | −1.1% | +18.1% |
| Net income | -2.7 m | -7.5 m | -14.9 m | -17.8 m | -10.0 m | -2.4 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | -0.17 | -0.41 | -0.55 | -0.38 | -0.18 | -0.03 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -20.3% | -30.1% | -35.3% | -39.3% | -22.3% | -4.5% |
| Free cash flow | 1.0 m | -1.4 m | 900.9 k | -2.3 m | 1.1 m | -2.1 m |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 14.9 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 35.8 m USD
- Total assets
- 41.9 m USD
- Debt / equity
- unavailable
- Current ratio
- 4.40x
- ROE
- -8.6%
- ROA
- -6.0%
- FCF margin
- -4.0%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 13.3 m | 25.1 m | 42.2 m | 45.2 m | 44.8 m | 52.9 m | SEC (XBRL)· 09 Mar 2026verified |
| Cost of revenue | 7.2 m | 14.0 m | 24.6 m | 26.6 m | 26.5 m | 33.5 m | SEC (XBRL)· 09 Mar 2026verified |
| Gross profit | 6.2 m | 11.1 m | 17.6 m | 18.7 m | 18.3 m | 19.4 m | SEC (XBRL)· 09 Mar 2026verified |
| Operating income | -1.5 m | -7.7 m | -10.0 m | -16.7 m | -7.2 m | -2.8 m | SEC (XBRL)· 09 Mar 2026verified |
| Depreciation & amortisation | 1.8 m | 1.9 m | 2.0 m | 2.5 m | 2.2 m | 1.5 m | SEC (XBRL)· 09 Mar 2026verified |
| EBITDA | 362.3 k ≈ | -5.8 m ≈ | -7.9 m ≈ | -14.1 m ≈ | -5.0 m ≈ | -1.3 m ≈ | SEC (XBRL)· 09 Mar 2026derived |
| Interest expense | 748.1 k | 1.6 m | 1.5 m | 1.4 m | 209.6 k | 0 | SEC (XBRL)· 09 Mar 2026verified |
| Pre-tax income | -3.8 m | -10.2 m | -14.1 m | -19.1 m | -9.9 m | -2.2 m | SEC (XBRL)· 09 Mar 2026verified |
| Income tax | -1.1 m | -2.7 m | 819.6 k | -1.3 m | 68.0 k | 208.0 k | SEC (XBRL)· 09 Mar 2026verified |
| Net income | -2.7 m | -7.5 m | -14.9 m | -17.8 m | -10.0 m | -2.4 m | SEC (XBRL)· 09 Mar 2026verified |
| Diluted EPS | -0.17 | -0.41 | -0.55 | -0.38 | -0.18 | -0.03 | SEC (XBRL)· 09 Mar 2026verified |
| Weighted average diluted shares | 16.2 m | 18.3 m | 27.5 m | 47.2 m | 55.3 m | 93.0 m | SEC (XBRL)· 09 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 2.4 m | 2.0 m | 4.6 m | 1.8 m | 12.3 m | 14.9 m | SEC (XBRL)· 09 Mar 2026verified |
| Receivables | — | 5.4 m | 5.2 m | 6.9 m | 5.5 m | 8.2 m | SEC (XBRL)· 09 Mar 2026verified |
| Current assets | — | 8.2 m | 10.7 m | 9.5 m | 18.9 m | 24.6 m | SEC (XBRL)· 09 Mar 2026verified |
| Property, plant & equipment, net | — | 145.8 k | 173.4 k | 310.2 k | 156.1 k | 231.1 k | SEC (XBRL)· 09 Mar 2026verified |
| Goodwill | 4.1 m | 14.1 m | 15.5 m | 10.7 m | 10.7 m | 10.7 m | SEC (XBRL)· 09 Mar 2026verified |
| Intangibles (excl. goodwill) | — | 7.6 m | 6.6 m | 9.0 m | 6.8 m | 5.4 m | SEC (XBRL)· 09 Mar 2026verified |
| Total assets | — | 30.8 m | 33.0 m | 30.1 m | 37.8 m | 41.9 m | SEC (XBRL)· 09 Mar 2026verified |
| Accounts payable | — | 1.4 m | 1.6 m | 785.0 k | 1.1 m | 1.9 m | SEC (XBRL)· 09 Mar 2026verified |
| Long-term debt | — | 8.4 m | 8.4 m | 8.1 m | 8.0 m | — | SEC (XBRL)· 11 Mar 2025verified |
| Current liabilities | — | 5.1 m | 7.8 m | 8.0 m | 9.8 m | 5.6 m | SEC (XBRL)· 09 Mar 2026verified |
| Total liabilities | — | 15.4 m | 15.5 m | 17.2 m | 17.7 m | 6.2 m | SEC (XBRL)· 09 Mar 2026verified |
| Equity | 2.6 m † | 15.3 m † | 17.5 m † | 12.9 m † | 20.2 m † | 35.8 m † | SEC (XBRL)· 09 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.0 m | -1.4 m | 990.2 k | -2.3 m | 1.1 m | -1.9 m | SEC (XBRL)· 09 Mar 2026verified |
| Capex | 2.6 k | 10.2 k | 89.3 k | 18.3 k | 3.3 k | 151.7 k | SEC (XBRL)· 09 Mar 2026verified |
| Free cash flow | 1.0 m ≈ | -1.4 m ≈ | 900.9 k ≈ | -2.3 m ≈ | 1.1 m ≈ | -2.1 m ≈ | SEC (XBRL)· 09 Mar 2026derived |
| Investing cash flow | -5.5 k | 808.8 k | -339.3 k | -441.0 k | 221.4 k | -159.8 k | SEC (XBRL)· 09 Mar 2026verified |
| Financing cash flow | 109.0 k | 146.8 k | 2.0 m | -104.6 k | 9.1 m | 4.7 m | SEC (XBRL)· 09 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 33.3% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 46.4 m USD
Key indicators
Coverage and freshness
Score by group
33% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -4.1% | 0 (on a fixed band) | 19% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 7.8% | 65 (on a fixed band) | 25% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -66.9x | 0 (on a fixed band) | 19% |
| Current ratio · Balance sheet | 4.7x | 100 (on a fixed band) | 13% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 5.6% | 70 (on a fixed band) | 25% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet40/100 · 2/3 factors with a value
- Growth· partial65/100 · 1/2 factors with a value
- Quality· partial0/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial70/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
CASTELLUM, INC. (CTM). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 52.9 m USD in 2025; YoY growth 18.1%; net margin -4.1%; ROE -6.8%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 4.7x
- FCF yield: 5.6%
What contradicts it
- Net margin: -4.1%
- Interest coverage: -66.9x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Not enough comparable companies with data for an average.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Castellum is a technology services company working mainly for the U.S. government in cybersecurity, electronic warfare, software development and information operations. The company reported revenue growth in the first half of 2026 and a total backlog of over 271 million USD, which makes it relevant for investors watching defense budgets, though profitability remains an open question with net losses still present.
SWOT
Strengths
- The company has a balance sheet without long-term debt and cash that allowed it to fund operations from operating cash flow in the first half of 2026 3.
- Contracts and backlog provide multi-year revenue visibility, with a significant share of revenue tied to multi-year government contracts 3.
- Established relationships with government agencies and expertise in electronic warfare and cybersecurity are hard for new entrants to replicate 1.
Weaknesses
- The company depends heavily on a small number of government contracts, with a large part of revenue coming from a few programs 1.
- Financial results show net losses and a low adjusted EBITDA in 2026, partly due to investments in business development and acquisitions 3.
- The acquisition history and equity issuances have increased shares outstanding, which can weigh on per-share returns 1.
Opportunities
- If the opportunity pipeline converts into contracts, organic growth could accelerate, especially in cybersecurity and naval modernization 2.
- CMMC certification and a position on a U.S. Navy contract vehicle could open access to new work in logistics and IT modernization 3.
- Selective acquisitions of firms with new capabilities or customer access could expand the company if valuations remain reasonable 3.
Threats
- Reduced or delayed government funding, including through budget standoffs, can postpone contracts and revenue 2.
- Competition from large contractors and new entrants can reduce win chances in competitive bids 2.
- Regulatory changes and stricter audits can raise compliance costs and reduce recoverable revenue 2.
Risks
- Dependence on governmenthigh
Nearly all revenue comes from government customers who can terminate contracts at any time for their convenience, which could quickly affect revenue 1.
- Concentration in a few contractshigh
A significant share of revenue comes from a few large contracts, and losing one could have a material impact 1.
- Net losses and financingmedium
The company has reported net losses and noted it may need additional capital for its acquisition plan, which could lead to dilution 1.
- Budget delaysmedium
Delays in the federal budget process can postpone orders and the recognition of revenue from backlog 2.
- Regulation and auditslow
The regulatory framework is complex, and failing to follow government procurement rules can lead to fines or exclusion from contracts 1.
Investment thesis
What would need to be true (bull case)
- Revenue grew in the first half and management expects a record year for revenue, supported by a solid backlog and ramp-up of contracts won in 2025 3.
- The debt-free balance sheet and available cash give flexibility to invest in growth without relying on costly external financing 3.
- If the opportunity pipeline converts into new contracts and acquisitions add capabilities, the company could reduce its dependence on a few large programs 2.
What would break the thesis
- The company continues to report net losses and adjusted EBITDA fell in the second quarter, which could signal margin pressure if investments do not produce enough revenue 3.
- Near-total dependence on government funding and the right of customers to terminate contracts means a budget standoff or shift in priorities could quickly affect results 1.
- Competition with much larger contractors that have superior resources may limit gains in bids and pressure margins 1.
What to watch
- Revenue and backlog development against the record-year expectationQ3 2026
- Gross margin and adjusted EBITDA as investments in business development produce resultsQ4 2026
- Conversion of the opportunity pipeline into new contracts2027
- Any acquisitions and how they are financednext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Castellum presents itself as a technology and solutions company that aims to help address the national security challenges of the United States 1. Its services cover intelligence analysis, software development and engineering, program management, strategic and mission planning, information assurance, cybersecurity and data analytics 1. Its primary customers are agencies and departments of the U.S. federal government, with some work also for state, local and commercial clients 1.
The company says it completed seven acquisitions since 2019 and continues to pursue acquisitions that add capabilities, customer access or new contract vehicles 1. It also reports a qualified opportunity pipeline of 953.5 million USD as of June 30, 2026 2. The filings state that there is no assurance this pipeline will convert into revenue 1.
Revenue comes mainly from government contracts of cost plus fixed fee, firm fixed price and time and materials types, and most contracts are annual with renewal options 1. Government customers can terminate contracts for their convenience, which is a standing feature of this business 1.
Segments
Digital and IT services
This line covers modernization of agency applications, infrastructure and business processes, as well as secure enterprise IT, Agile and DevSecOps delivery and support for system authorization 1. It is the segment most tied to civilian budgets and government digital modernization 1.
C4ISR, cyber and space
Castellum develops electronic warfare, cyber and counter-drone solutions, as well as communications and sensor systems for intelligence, surveillance and reconnaissance missions 1. Contracts with the U.S. Navy for aviation and naval systems, which form an important part of revenue, fall in this area 1.
Engineering and mission support
The work includes platform integration, modernization and sustainment, systems engineering, simulation and planning and support for information operations for military commands 1. The company also offers linguistic and cultural advisory services for communication campaigns 1.
Market context
The main market is U.S. defense and national security spending, where the company has established relationships with federal agencies 1. The company notes that budgets for these missions are expected to remain supported, but debates over budget priorities and spending caps can change contract timing 1. A budget standoff or funding delay could postpone new contract awards 2.
Quarterly results show revenue can be uneven, since the timing of revenue recognition depends on contract ramp-ups and the completion of certain work 3. The company says revenue development will rely on converting its backlog into organic revenue and on selective acquisitions 3.
Trends
- Pressure on government spendingheadwind
Budget deficits and public debt increase pressure on the federal government to cut spending, which could delay orders or reduce the volume of new task orders 2. The effect could be negative for the company if funding shrinks or if authorities consolidate purchases into larger contracts 2.
- Priority on cybersecurity and advanced analyticstailwind
The company notes that government spending on cybersecurity, command and control, intelligence and advanced analytics is growing 2. The CMMC Level 2 certification achieved in 2026 could open access to programs that require this standard 3.
- Contract and acquisition consolidationheadwind
The government is consolidating smaller contract vehicles into larger ones, which may limit chances to re-compete existing work if the company does not hold the larger vehicle 2. The company could become less competitive for work awarded on a lowest-cost basis 2.
- Stricter regulation and auditsmixed
More audits, reviews and compliance requirements can raise costs and affect how services are paid 2. Regulatory changes on executive pay under flexibly priced contracts could reduce recoverable costs 2.
Competitive position
Castellum competes with large defense and government services contractors that have much greater financial resources and experience 1. The company notes that in the industry it is common for the same rivals to be partners or subcontractors on other work 1. Competitive pressure also comes from new entrants seeking to benefit from industry consolidation 2.
- Northrop Grumman CorporationNOC
Large defense contractor named in the filing as a principal competitor, with far greater financial resources and assets.
- CACI International, Inc.CACI
Government services provider named in the filing as a direct competitor in technology and defense services.
- Peraton, Inc.
Government IT and defense contractor named in the filing among its main competitors.
- Booz Allen Hamilton, Inc.BAH
Consulting and technology firm for government, present in the same cybersecurity and analytics areas.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report29 Oct 2026Other events · Financial statements and exhibits
- Current report13 Oct 2026Other events · Financial statements and exhibits
- Current report09 Sept 2026Other events · Financial statements and exhibits
- Current report31 Aug 2026Other events · Financial statements and exhibits
- Current report07 Aug 2026Results of operations · Financial statements and exhibits
- Quarterly report06 Aug 2026
- Current report31 Jul 2026Other events · Financial statements and exhibits
- Current report02 Jul 2026Material agreement · Departure or appointment of officers · Financial statements and exhibits
- Current report24 Jun 2026Other events · Financial statements and exhibits
- Current report15 Jun 2026Other events · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Castellum, Inc. · 09 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Castellum, Inc. · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Castellum, Inc. · 07 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.