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WidePoint posts Q1 2026 profit with $40.6M revenue and strong cash flow amid DHS contract progress

Company Fundamentals
14 May 2026
GlobeNewsWire
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Bullish
pluang ai news

WidePoint Corporation reported a profitable first quarter for 2026 with revenues of $40.6 million, up $7.1 million from last year, and net income of $77,000, reversing a loss from the previous year. The company achieved its 35th consecutive quarter of positive adjusted EBITDA and 10th consecutive quarter of positive free cash flow, supported by new contracts and progress on key government projects despite a prolonged DHS shutdown. Management expects normalization of billable services and revenue growth in the second half of 2026, driven by upcoming contract awards and platform deployments. WidePoint holds a strong cash position with $10.9 million unrestricted cash and no bank debt, positioning it well for future growth.

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