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olivLaw · US equity research

WidePoint Corporation WYY

Services-Computer Integrated Systems Design · SIC 7373 · Vertical: Services-Computer Integrated Systems Design (SIC 7373)

6.18USD−8.04% · 1 dayClose 05 Nov 2026

WidePoint provides Technology Management as a Service (TMaaS) to the US government and commercial clients, covering mobile communications management, identity management, digital billing and IT services. The company depends heavily on a single federal contract, and winning its successor is now decisive, with a contract ceiling of 3.1 billion USD at stake.

At the close of 05 Nov 2026, WidePoint Corporation (WYY) stock was 6.18 USD (−8.04% on the day), with market capitalisation 61.8 m USD, beta 0.98, 52-week range 3.96–20.20 USD. Latest reported quarter (Q2 2026): revenue of 38.0 m USD (+1.9% YoY), net income of 66.4 k USD, diluted EPS 0.01 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
61.8 m USD
shares as of 10 Aug 2026
P/E (TTM)
unavailable
Diluted EPS TTM -0.13 · TTM to 30 Jun 2026
E/P (TTM)
-2.04%
TTM to 30 Jun 2026
Dividend yield
unavailable
Beta (2y)
0.98
Volatility (1y) 116%
52-week range
3.9620.20

Price history

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Technical reading

RSI (14)
36.4
weak (30–45)
Bollinger (20, 2)
5.82 – 7.82
in the lower half of the band · %B 0.18 · band width 29.3%
SMA 50 / 200
8.59 / 8.57
mixed trend
MACD (12, 26, 9)
-0.39 / -0.48
MACD above 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

CompanyS&P 500vs S&P 500Vertical median
1 month−13.1%−5.9%−7.1 pp—
3 months−42.4%−4.6%−37.7 pp—
6 months−28.5%+0.2%−28.7 pp—
Year to date+15.1%+7.4%+7.7 pp—
1 year−13.8%+8.2%−22.0 pp−34.6%
3 years+249.2%+68.4%+180.7 pp−35.1%
5 years+17.9%+56.5%−38.6 pp—
Max drawdown (1y)
−72.9%
25 Jun 2026 → 25 Sept 2026
Max drawdown (5y)
−72.9%
25 Jun 2026 → 25 Sept 2026
Compound annual growth (5y)
+3.4%
S&P 500 +9.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q2 2026 · 30 Jun 2026

Revenue
38.0 m USD
+1.9% YoY
Net income
66.4 k USD
unavailable YoY
Diluted EPS
0.01
unavailable YoY
net / operating
0.2% / 0.0%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue34.6 m37.7 m33.5 m37.3 m36.1 m42.3 m40.6 m38.0 m
Cost of revenue29.9 m33.0 m28.7 m32.2 m30.8 m36.5 m35.0 m32.2 m
Gross profit4.7 m4.8 m4.8 m5.1 m5.3 m5.8 m5.6 m5.8 m
Operating income-451.0 k-316.8 k-816.4 k-708.3 k-460.6 k-799.3 k-58.4 k10.4 k
Depreciation & amortisation92.0 k94.0 k116.2 k91.4 k81.8 k498.1 k86.5 k78.1 k
Interest expense52.9 k58.9 k55.1 k52.4 k47.7 k47.3 k45.0 k43.8 k
Pre-tax income-443.9 k-315.2 k-818.1 k-670.9 k-424.8 k-739.7 k33.3 k68.5 k
Income tax-18.7 k41.2 k-94.0 k-52.4 k134.4 k109.7 k-43.7 k2.1 k
Net income-425.2 k-356.4 k-724.1 k-618.5 k-559.2 k-849.4 k77.0 k66.4 k
Diluted EPS-0.04-0.04 ≈-0.08-0.06-0.06-0.09 ≈0.010.01
Operating cash flow1.9 m ≈2.4 m-3.2 m3.2 m ≈5.9 m ≈-173.5 k-922.5 k-110.4 k ≈
Capex62.7 k ≈37.2 k27.6 k93.3 k ≈20.0 k ≈96.5 k77.8 k7.7 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 year20182019202020212022202320242025
Revenue83.7 m101.7 m180.3 m87.3 m94.1 m106.0 m142.6 m150.5 m
Revenue YoY+10.3%+21.6%+77.3%−51.6%+7.7%+12.7%+34.5%+5.6%
Net income-1.5 m226.3 k10.3 m341.1 k-23.6 m-4.0 m-1.9 m-2.8 m
Net income YoYunavailableunavailable+4,462.9%−96.7%−7,014.6%unavailableunavailableunavailable
Diluted EPS-0.020.031.200.04-2.70-0.46-0.21-0.28
Diluted EPS YoYunavailableunavailable+3,900.0%−96.7%−6,850.0%unavailableunavailableunavailable
net %-1.7%0.2%5.7%0.4%-25.1%-3.8%-1.4%-1.8%
Free cash flow-2.4 m5.5 m6.1 m-1.5 m5.8 m417.0 k1.6 m5.5 m

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
9.8 m USD
Financial debt
unavailable USD
Net debt
unavailable USD
Equity
11.5 m USD
Total assets
79.8 m USD
Debt / equity
unavailable
Current ratio
1.04x
ROE
-21.9%
ROA
-3.6%
FCF margin
3.6%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
106.0 m
2024
142.6 m
2025
150.5 m

SEC (XBRL)· 25 Mar 2026verified

Cost of revenue
2023
90.4 m
2024
123.6 m
2025
129.5 m

SEC (XBRL)· 25 Mar 2026verified

Gross profit
2023
15.6 m
2024
19.0 m
2025
21.0 m

SEC (XBRL)· 25 Mar 2026verified

Operating income
2023
-3.7 m
2024
-1.9 m
2025
-2.8 m

SEC (XBRL)· 25 Mar 2026verified

Depreciation & amortisation
2023
411.0 k
2024
353.4 k
2025
740.2 k

SEC (XBRL)· 25 Mar 2026verified

EBITDA
2023
-3.3 m ≈
2024
-1.5 m ≈
2025
-2.0 m ≈

SEC (XBRL)· 25 Mar 2026derived

Interest expense
2023
239.5 k
2024
242.8 k
2025
202.4 k

SEC (XBRL)· 25 Mar 2026verified

Pre-tax income
2023
-3.9 m
2024
-1.9 m
2025
-2.7 m

SEC (XBRL)· 25 Mar 2026verified

Income tax
2023
133.2 k
2024
-3.8 k
2025
97.7 k

SEC (XBRL)· 25 Mar 2026verified

Net income
2023
-4.0 m
2024
-1.9 m
2025
-2.8 m

SEC (XBRL)· 25 Mar 2026verified

Diluted EPS
2023
-0.46
2024
-0.21
2025
-0.28

SEC (XBRL)· 25 Mar 2026verified

Weighted average diluted shares
2023
8.8 m
2024
9.3 m
2025
9.7 m

SEC (XBRL)· 25 Mar 2026verified

Balance sheet · USD

Cash
2023
6.9 m
2024
6.8 m
2025
9.8 m

SEC (XBRL)· 25 Mar 2026verified

Receivables
2023
8.2 m
2024
11.9 m
2025
15.0 m

SEC (XBRL)· 25 Mar 2026verified

Inventories
2023
366.1 k
2024
312.4 k
2025
682.0 k

SEC (XBRL)· 25 Mar 2026verified

Current assets
2023
32.8 m
2024
55.3 m
2025
66.2 m

SEC (XBRL)· 25 Mar 2026verified

Property, plant & equipment, net
2023
780.8 k
2024
544.7 k
2025
480.1 k

SEC (XBRL)· 25 Mar 2026verified

Goodwill
2023
5.8 m
2024
5.8 m
2025
5.8 m

SEC (XBRL)· 25 Mar 2026verified

Intangibles (excl. goodwill)
2023
7.3 m
2024
5.1 m
2025
3.4 m

SEC (XBRL)· 25 Mar 2026verified

Total assets
2023
51.3 m
2024
71.6 m
2025
79.8 m

SEC (XBRL)· 25 Mar 2026verified

Accounts payable
2023
12.6 m
2024
16.5 m
2025
25.9 m

SEC (XBRL)· 25 Mar 2026verified

Current liabilities
2023
31.5 m
2024
52.9 m
2025
63.9 m

SEC (XBRL)· 25 Mar 2026verified

Total liabilities
2023
36.6 m
2024
58.0 m
2025
68.3 m

SEC (XBRL)· 25 Mar 2026verified

Equity
2023
14.7 m †
2024
13.6 m †
2025
11.5 m †

SEC (XBRL)· 25 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
625.2 k
2024
1.7 m
2025
5.7 m

SEC (XBRL)· 25 Mar 2026verified

Capex
2023
208.2 k
2024
117.9 k
2025
237.4 k

SEC (XBRL)· 25 Mar 2026verified

Free cash flow
2023
417.0 k ≈
2024
1.6 m ≈
2025
5.5 m ≈

SEC (XBRL)· 25 Mar 2026derived

Investing cash flow
2023
-621.0 k
2024
141.2 k
2025
-265.5 k

SEC (XBRL)· 25 Mar 2026verified

Financing cash flow
2023
-590.2 k
2024
-894.8 k
2025
-719.9 k

SEC (XBRL)· 25 Mar 2026verified

Share repurchases
2023
0
2024
—
2025
—

SEC (XBRL)· 26 Mar 2024verified

Computed indicators

Growth

Revenue growth (YoY)
5.6%
computed by olivLawFY 2025
Revenue CAGR 3Y
17.0%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
-3.5%
computed by olivLawFY 2020 → FY 2025
EBIT growth (YoY)
unavailable
the base of the ratio is not positive
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
unavailable
the base of the ratio is not positive
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
the base of the ratio is not positive
EPS CAGR 5Y
unavailable
the base of the ratio is not positive
FCF growth (YoY)
249.7%
computed by olivLawFY 2025

Profitability

Gross margin
14.4%
computed by olivLawTTM to 30 Jun 2026
EBITDA margin
-0.4%
computed by olivLawTTM to 30 Jun 2026
EBIT margin
-0.8%
computed by olivLawTTM to 30 Jun 2026
Net margin
-0.8%
computed by olivLawTTM to 30 Jun 2026
FCF margin
2.9%
computed by olivLawTTM to 30 Jun 2026

Returns

ROE
-10.4%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROA
-1.5%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROIC
unavailable
input data missing
ROCE
-8.2%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
unavailable
input data missing
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
input data missing
Interest coverage
-7.1x
computed by olivLawTTM to 30 Jun 2026

Liquidity

Current ratio
1.0x
computed by olivLawbalance sheet at 30 Jun 2026
Cash ratio
0.1x
computed by olivLawbalance sheet at 30 Jun 2026

Cash

Operating cash flow
4.7 m USD
computed by olivLawTTM to 30 Jun 2026
Capital expenditure
202.1 k USD
computed by olivLawTTM to 30 Jun 2026
Free cash flow
4.5 m USD
computed by olivLawTTM to 30 Jun 2026
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
insufficient data

Efficiency

Days sales outstanding
37 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Days payables outstanding
62 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026

Market and valuation

Market capitalisation
61.8 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-2.0%
computed by olivLawTTM to 30 Jun 2026
P/B
5.3x
computed by olivLawbalance sheet at 30 Jun 2026
P/S
0.4x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
13.6x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
FCF yield
7.3%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

4 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

6.18 USD

05 Nov 2026Source: olivLaw, closing series

Market cap: 61.8 m USD

Key indicators

Market capitalisation
61.8 m USD
computed by olivLawbalance sheet at 30 Jun 2026
P/E (TTM)
unavailable
insufficient data
P/B
5.3x
computed by olivLawbalance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
ROE
-10.4%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Net margin
-0.8%
computed by olivLawTTM to 30 Jun 2026
Revenue growth (YoY)
5.6%
computed by olivLawFY 2025
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

30/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Share count (cover of the latest filing), as of: 10 Aug 2026
Source: SEC (XBRL)published 13 Aug 2026
verified 2434derived 196

Score by group

72% · 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/Salesunavailable · 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)

no valuation method could be computed

Multiple comparisons use the SIC vertical: Services-Computer Integrated Systems Design (SIC 7373)

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: valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
Gross margin · Quality14.4%0 (on a fixed band)15%
EBIT margin · Quality-0.8%57 (vs peers)12%
FCF margin · Quality2.9%12 (on a fixed band)12%
Revenue CAGR 3Y · Growth17.0%68 (on a fixed band)24%
Revenue growth (YoY) · Growth5.6%43 (vs peers)12%
Net debt / EBITDA · Balance sheetunavailableunavailable—
Current ratio · Balance sheet1.0x14 (on a fixed band)9%
EV/Sales · Valuationunavailableunavailable—
FCF yield · Valuation7.3%100 (on a fixed band)18%
Shareholder yield (distributions) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial14/100 · 1/2 factors with a value
  • Growth60/100 · 2/2 factors with a value
  • Quality21/100 · 3/3 factors with a value
  • Returns· partialunavailable · 0/1 factors with a value
  • Valuation· partial100/100 · 1/2 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

WidePoint Corporation (WYY). Latest full fiscal year: 2025; data up to 2026-06-30.

Figures computed from the financial statements: revenue 150.5 m USD in 2025; YoY growth 5.6%; net margin -0.8%; ROE -10.4%.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (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

  • FCF yield: 7.3%

What contradicts it

  • Gross margin: 14.4%
  • FCF margin: 2.9%
  • Current ratio: 1.0x

Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales, Shareholder yield (distributions).

Versus the vertical median

Services-Computer Integrated Systems Design (SIC 7373) · same industry (4-digit SIC) · compared with 39 companies

Multiples and returns vs the median

P/E
—
vertical median 22.5x
EV/EBITDA
—
vertical median 12.9x
P/S
0.4x
vertical median 2.1x
below median (−81.2%)
P/B
5.3x
vertical median 1.6x
above median (+224.0%)
ROE
-10.4%
vertical median -1.7%
below median
Net margin
-0.8%
vertical median -8.1%
above median
EBIT margin
-0.8%
vertical median -6.5%
above median
Revenue YoY
5.6%
vertical median 8.1%
below median (−30.8%)
Net debt/EBITDA
—
vertical median 2.1x
Dividend yield
—
vertical median 1.3%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
LDOSLeidos Holdings, Inc.16.6 bn12.228.2%8.0%+3.1%−29% / +27%
GDDYGoDaddy Inc.14.6 bn16.4—18.6%+8.3%−6% / +20%
CACICACI International Inc13.4 bn24.812.5%5.5%+10.9%−2% / +88%
JKHYJack Henry & Associates, Inc.12.6 bn25.824.0%19.8%+7.1%+3% / +14%
IONQIonQ, Inc.11.4 bn50.87.0%67.1%+201.9%−46% / +116%
OTEXOpen Text Corp6.3 bn9.916.2%12.5%+1.5%−22% / −35%
SAICScience Applications International Corporation6.2 bn17.225.7%5.1%−2.9%+70% / +25%
WAYWaystar Holding Corp.5.6 bn41.73.7%10.7%+16.5%−22% / unavailable
PSNParsons Corporation5.3 bn36.75.7%2.3%−5.7%−41% / −19%
AGYSAgilysys, Inc.3.4 bn76.613.6%12.9%+15.9%−3% / +39%
AURAurora Innovation, Inc.2.6 bn—-45.7%-13,328.6%unavailable−4% / +84%
NTCTNetscout Systems, Inc.2.3 bn18.18.1%14.6%+4.5%+18% / +59%
PONYPony AI Inc.1.9 bn—-10.3%-148.9%+20.0%−67% / unavailable
OSPNOneSpan Inc.808.0 m12.226.8%27.5%+0.0%+80% / +118%
SLPSimulations Plus, Inc.374.2 m46.76.2%9.9%+13.1%unavailable / unavailable
TLSTelos Corporation357.2 m—-14.9%-8.1%+52.2%−17% / +16%
SMRTSmartrent, Inc.305.6 m—-7.6%-11.0%−12.9%−6% / −49%
ASURAsure Software, Inc.289.6 m—-1.9%—+24.3%+20% / +20%
VEEAVeea Inc.279.3 m——-2,491.9%+56.6%−56% / −98%
RBBNRibbon Communications Inc.247.3 m20.15.0%2.3%+1.3%−52% / −35%
KDKKodiak AI, Inc.190.8 m——-4,259.6%−74.6%−84% / unavailable
UISUnisys Corp179.4 m——-16.0%−2.9%−8% / −49%
AIOSAIOS Tech Inc.130.8 m—-208.9%-4,359.1%−98.5%−87% / −87%
MRLNMerlin, Inc.78.3 m———unavailable−93% / unavailable
CSPICSP Inc72.3 m—-1.5%-1.2%+6.4%−37% / −43%

1- and 3-year price returns: for WYY from daily closes (the same as the performance table), for the other companies from month-end closes.

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

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
3 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
5 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
What moves the 3-year price the most

    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

    WidePoint provides Technology Management as a Service (TMaaS) to the US government and commercial clients, covering mobile communications management, identity management, digital billing and IT services. The company depends heavily on a single federal contract, and winning its successor is now decisive, with a contract ceiling of 3.1 billion USD at stake 2.

    SWOT

    Strengths

    • Federal certifications, FedRAMP and ATO authorizations, and the integrated offering of four TMaaS services are the company's main differentiators 1.
    • Long relationships with government clients and strong customer retention are considered market advantages 1.
    • Partnerships with large systems integrators extend access to large contracts 1.

    Weaknesses

    • Dependence on a single federal contract represents a high concentration of revenue 1.
    • A history of operating losses and limited access to capital may restrict the ability to win new contracts 1.
    • High fixed costs make it hard to cut spending quickly when revenue falls 1.

    Opportunities

    • If the company wins the CWMS 3.0 contract, it could consolidate its position in the government sector over the long term 2.
    • Cloud services, artificial intelligence and migration of clients to the cloud could create new recurring revenue 1.
    • Expanding the offering in the commercial market through strategic partners could diversify revenue sources 1.

    Threats

    • Losing the DHS contract in recompetition would have a major negative impact on cash flow 1.
    • Post-award protests against the CWMS 3.0 contract could delay or change these revenues 2.
    • Intense competition and rapid technology change could reduce margins and market share 1.

    Risks

    • Recompetition of the DHS contracthigh

      If the company does not win the successor contract, revenue and cash flow would be significantly affected, with possible workforce reductions 1.

    • Post-award protesthigh

      The protest filed after the CWMS 3.0 selection could delay implementation or overturn the award 2.

    • Competition and pricing pressuremedium

      Competitors with greater resources may offer aggressive prices, which could reduce margins 1.

    • Fixed costs and long sales cyclemedium

      High fixed costs and long sales cycles make quarterly revenue hard to predict 1.

    • Access to financingmedium

      The credit line depends on covenant compliance and eligible receivables; a breach could restrict funding 1.

    Investment thesis

    What would need to be true (bull case)

    • Winning the CWMS 3.0 contract could secure a multi-year revenue base and strengthen the company's position 2.
    • Federal certifications and the integration of four TMaaS services could give a real edge in government procurement 1.
    • If cloud and AI services grow, the company could shift part of its revenue toward recurring income with better margins 1.

    What would break the thesis

    • Heavy dependence on a single federal contract leaves the company exposed if it does not win the successor 1.
    • Revenue is pressured by services with very thin margins and a decline in resold services 12.
    • A history of losses and high fixed costs could limit the company's ability to fund growth 1.

    What to watch

    • Final decision on the CWMS 3.0 contract and resolution of the protest2026
    • Trend in managed services and resale revenueQ3 2026
    • Progress of DaaS and PSaaS projects with strategic partners2027

    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

    WidePoint is a provider of Technology Management as a Service (TMaaS) that combines federally certified mobility management, identity management, interactive bill presentment and communications analytics, along with Information Technology as a Service (ITaaS) 1. It delivers these solutions through an As-a-Service model hosted on a certified government portal, so customers can quickly expand or contract requirements without costly software development 1. The company holds several authorizations to operate (ATOs) and FedRAMP Authorized status for its ITMS platform 1.

    The company operates as one reportable segment covering all managed services for government and commercial clients 1. Its development activity focuses on integrating service delivery platforms and improving the security of its IT services 1.

    Segments

    Carrier services

    These include phone, data and satellite services for connected devices; the company processes and pays carrier invoices on behalf of customers at very thin margins 1. The second quarter of 2026 brought the largest share of revenue from this category 2.

    Managed services

    These include monthly fees for managing devices and users, identity services and billable professional services 1. In the second quarter of 2026, revenue from these services declined year over year, with a falling resale component 2.

    IT services (ITaaS)

    These cover cybersecurity, cloud, network operations and migration to the cloud, offered as a full outsourcing solution 1.

    Market context

    The TMaaS market is fragmented, with small and large firms offering individual components; the company claims it is the only provider covering all four service types 1. Most revenue comes from federal contracts, and the company also pursues commercial customers through systems integrators 1.

    Government contract awards depend on budgets and possible federal funding interruptions, which can delay projects and revenue 12. Inflationary pressures and tariffs on equipment can raise acquisition costs 1.

    Trends

    • Recompetition of the DHS contractmixed

      If the company wins the successor to the DHS contract, revenue could be stabilised over the long term; otherwise the loss would have a major impact 12.

    • Shift to cloud and artificial intelligencemixed

      Demand for cloud and AI services may grow, but rapid technology change could make the existing portfolio less competitive if it is not updated 1.

    • Government budgets and shutdownsheadwind

      Federal government shutdowns and spending cuts can delay new contracts and slow collections 12.

    • Security and federal certificationstailwind

      FedRAMP and ATO certifications could give the company an edge over competitors in government procurement 1.

    Competitive position

    The company describes its market as highly competitive and fragmented, with larger competitors that have greater financial resources 1. Competition could bring pricing pressure and lower margins 1.

    The company argues its edge lies in federal certifications, long client relationships and an integrated offering across all four TMaaS services 1.

    • Large systems integrators

      Both partners and competitors for large contracts; the company often works as a subcontractor to them 1.

    • Small and large providers of TMaaS components

      The market is fragmented, with firms offering only parts of the integrated service 1.

    • Competitors with greater financial resources

      The source does not name them, but the company indicates they can offer introductory pricing and discounts to gain share 1.

    • Managed telecommunications service providers

      They may compete for mobility management contracts in government and commercial sectors 1.

    News & filings

    In the press

    No news in our archive over the last 180 days.

    SEC filings

    Sources

    1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / WidePoint Corporation · 25 Mar 2026
    2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / WidePoint Corporation · 13 Aug 2026
    3. [3] Form 8-K, results release (exhibit 99.1) · SEC / WidePoint Corporation · 17 Aug 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.

    WidePoint Corporation (WYY): stock, results, valuation and forecast · olivLaw