# CASTELLUM, INC. (CTM) · Edgar & Edgarette company card

> Castellum (CTM) grew revenue 18.1% in FY2025 to $53 million, operating margin -5.3% against a 6.5% median for management consulting services, equity 85.3% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1877939 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/CTM) · [JSON](https://www.pops4.com/boards/company/CTM.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $53M |
| Revenue growth, 1 year | 18.1% |
| Revenue growth per year | 20.5% |
| Operating margin | -5.3% (prior year -16.2%) |
| Net margin | -4.5% |
| Operating cash flow | −$2M |
| Capital spending | $151,741 |
| Free cash flow | −$2M |
| Cash | $15M |
| Long-term debt | — |
| Total assets | $42M |
| Total equity | $36M |
| Equity ÷ assets | 85.3% |
| Return on equity | -6.7% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 4.23 (safe zone)
- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Old boat · three warning signs · operating cash flow was negative; operating loss: a margin of -5.3% in FY2025; revenue is hard to predict: its 80% range is ±48%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $52.9M (FY2025). Experience: revenue up 18.1% on the year, up 20.5% a year over 4 years; operating margin -5.3%, up from -16.2%. Soundness: equity 85.3% of assets, return on equity -6.7%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $34.0M and $97.0M next year (method v4.1: its own 5-year record of growth weighed at 57% against $50M–100M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $35.4M to $93.5M. A statistical range, not company guidance. Against peers (17 filers, $50M+ revenue, services-management consulting services): operating margin -5.3% against a 6.5% median; growth 18.1% against 4.2%.

Range logged 2026-09-29, receipt a6bab1a8604c1a34, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 3, latest 2026-07-02 ([filing](https://www.sec.gov/Archives/edgar/data/1877939/000187793926000057/0001877939-26-000057-index.htm))

## Recent filings

- 8-K · filed 2026-10-29 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1877939/000187793926000092/0001877939-26-000092-index.htm)
- 8-K · filed 2026-10-13 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1877939/000187793926000089/0001877939-26-000089-index.htm)
- 8-K · filed 2026-09-09 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1877939/000187793926000078/0001877939-26-000078-index.htm)
- 8-K · filed 2026-08-31 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1877939/000187793926000075/0001877939-26-000075-index.htm)
- 8-K · filed 2026-08-07 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1877939/000187793926000073/0001877939-26-000073-index.htm)
- 10-Q · filed 2026-08-06 · [filing](https://www.sec.gov/Archives/edgar/data/1877939/000187793926000070/0001877939-26-000070-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001877939.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1877939

## Cite

POPS4, Edgar & Edgarette: CASTELLUM, INC. (CTM) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/CTM. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.