Castellum, Inc. announced its financial results for the second quarter ended June 30, 2025, reporting record quarterly revenue of $14.0 million. This represents a 19.7% increase from $11.7 million in Q1 2025 and a 21.7% increase from $11.5 million in Q2 2024. This marks the second consecutive quarter of year-over-year organic revenue growth, a significant milestone for the company.
The company demonstrated strong operational efficiency, narrowing its operating loss to $(0.4) million for the quarter, compared to $(1.1) million in Q1 2025 and $(6.0) million in Q2 2024. Excluding non-cash and one-time items, Castellum generated $0.5 million of adjusted EBITDA. These improvements reflect continued cost discipline and increasing operating leverage.
Castellum also significantly strengthened its balance sheet, reducing total debt by $3.7 million during the quarter. The company ended Q2 with a record cash balance of $14.7 million, up from $13.3 million at the end of Q1. CEO Glen Ives highlighted these achievements as a reflection of the team's capabilities and the company's strong momentum, positioning it well for long-term value creation for shareholders.
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