FAIRFAX, VIRGINIA / ACCESS Newswire / November 13, 2025 / WidePoint Corporation (NYSE American: WYY ), a federally certified provider of Trusted Mobility Management (TM2) solutions, reported results for the third quarter ended September 30, 2025. Third Quarter 2025 and Recent Operational Highlights: 33rd consecutive quarter of positive Adjusted EBITDA 8th consecutive quarter of positive free cash flow 8 Spiral 4 task orders awarded year-to-date; 4 task orders awarded in the third quarter 2025, including an award with the Defense Counterintelligence and Security Agency and the U.S. Army Secured estimated $40 million to $45 million SaaS contract to deliver FedRAMP-authorized ITMS platform for a major telecommunications carrier Awarded new CWMS 2.0 task order by U.S. Customs & Border Protection valued up to $27.5 million Subsidiary Soft-Ex announced strategic go-to-market alliance with Ingram Micro to optimize Microsoft license management Awarded new Identity & Access Management contract in support of the U.S. Department of Education Awarded new MobileAnchor contract by an agency under the U.S. Department of Energy Third Quarter 2025 Financial Highlights: Revenues were $36.1 million, an increase from the same quarter last year Gross margin was 15%, and gross margin excluding carrier services revenue was 34% Net loss was $559,000 or a loss of $(0.06) per share Adjusted EBITDA1, a non-GAAP financial measure, was $344,000, an 88% increase from Q2 2025 Free cash flow1, a non-GAAP financial measure, was $324,000, a 260% increase from Q2 2025 As of September 30, 2025, unrestricted cash was $12.1 million with no bank debt As of September 30, 2025, contract backlog was approximately $269 million Nine Months 2025 Financial Highlights: Revenues were $108.2 million, an increase from the same period last year Gross margin was 14%, and gross margin excluding carrier services revenue was 35% Net loss was $1.9 million or a loss of $(0.20) per share.
