WIDEPOINT (WYY) Company Report

WidePoint Corporation reported $142.6 million in revenue for 2024, marking a 30% increase compared to 2023, and held $12.1 million in cash at the end of Q3 2025. The company has maintained 32 consecutive quarters of Adjusted EBITDA positive and eight consecutive quarters of free cash flow positive.
The company secured a $40-$45 million SaaS contract with a major U.S. mobile carrier and boasts a $269 million contract backlog, with roughly a quarter anticipated to convert to revenue within the next 12 months.
WidePoint achieved FedRAMP authorized status in February 2025 for its Intelligent Technology Management System, which is a significant competitive advantage and a requirement for key federal contracts like the re-competing $3 billion CWMS 3.0 contract.
The company aims to increase gross margins to 50% from the current mid-30s to high 30s by expanding higher-margin SaaS and Device as a Service (DAAS) offerings, and expects to achieve GAAP net income upon the full implementation of the carrier mobile contract.

Dec 9, 2025, 4:30 PM

WidePoint Corporation Highlights Strong Financials, Key Contract Wins, and Strategic Growth Initiatives

WYY

Revenue Acceleration/Inflection

New Projects/Investments

Guidance Update

WidePoint Corporation reported $142.6 million in revenue for 2024, representing a 30% increase compared to 2023, and ended Q3 2025 with $12.1 million in cash. The company also has a $269 million contract backlog and has been Adjusted EBITDA positive for 32 consecutive quarters and free cash flow positive for eight consecutive quarters.
The company recently secured a $40-$45 million SaaS contract with a "big three" US mobile carrier, which is in the implementation phase and is expected to materially improve profitability starting in Q2 2026. Additionally, WidePoint was awarded an extra $254 million in contract ceiling increases for the DHS 2.0 contract.
WidePoint achieved FedRAMP authorized status in February 2025 for its Intelligent Technology Management System, a significant differentiator that is unlocking new opportunities and is a requirement for the re-compete of the $3 billion CWMS 3.0 contract, where WidePoint is the incumbent.
The company is strategically focusing on expanding its higher-margin SaaS and Device as a Service (DaaS) offerings, which are anticipated to increase gross margins for these services to over 70%, contributing to a goal of reaching an overall 50% gross margin.

Dec 9, 2025, 4:30 PM

WidePoint Corporation Highlights Strong Financials and Strategic Growth Initiatives

WYY

Revenue Acceleration/Inflection

New Projects/Investments

Guidance Update

WidePoint Corporation reported $142.6 million in revenue for 2024, a 30% increase compared to 2023, and holds a $269 million contract backlog. The company ended Q3 2025 with $12.1 million in cash and has been Adjusted EBITDA positive for 32 consecutive quarters and free cash flow positive for eight consecutive quarters.
The company achieved FedRAMP authorized status in February 2025 for its Intelligent Technology Management System (ITMS), providing a significant competitive advantage for federal and large commercial contracts.
WidePoint secured a $40-$45 million SaaS contract with a major U.S. mobile carrier, currently in implementation, which is expected to materially improve profitability starting in Q2 2026. Additionally, it was awarded $25 million in new task orders under the Navy Spiral 4 contract and an additional $254 million in contract ceiling increases for the CWMS 2.0 contract.
New high-margin offerings, including Mobile Anchor (DoD-grade multi-factor authentication on smartphones) and Device as a Service (DaaS), are expected to drive gross margins of 70%+ for these segments and accelerate revenue growth.

Dec 9, 2025, 4:30 PM

WidePoint Reports Q3 2025 Results, Secures Major SaaS Contract, and Updates Guidance

WYY

Earnings

Guidance Update

New Projects/Investments

WidePoint Corporation reported Q3 2025 revenues of $36.1 million, a 4% increase year-over-year, with adjusted EBITDA of $344,000 (an 88% sequential increase) and free cash flow of $324,000 (a 260% sequential increase).
The company secured a new margin-accretive multiyear Software-as-a-Service (SaaS) contract with one of the big three U.S. mobile telecommunication carriers, estimated to generate $40 million to $45 million in SaaS revenue over the initial three-year term. This contract is not included in the current federal contract backlog.
The final Request for Proposal (RFP) for the DHS CWMS 3.0 contract was released, with proposals due by December 17, 2025, and a decision anticipated by late Q1 or early Q2 2026. WidePoint also reported a federal contract backlog of approximately $269 million.
WidePoint revised its full-year 2025 revenue guidance to be slightly below previous expectations, and adjusted EBITDA and free cash flow to be positive but below previous guidance, primarily due to timing shifts of key opportunities. The company ended Q3 2025 with a cash balance of $12.1 million.

Nov 17, 2025, 11:42 PM

WidePoint Secures Multi-Year SaaS Contract with Major Telecom Carrier

WYY

New Projects/Investments

Guidance Update

Revenue Acceleration/Inflection

WidePoint Corporation (WYY) has secured a multi-year Software as a Service (SaaS) contract with a major telecommunications carrier to deploy its FedRAMP Authorized ITMS™ Command Center Platform.
The contract is estimated to generate $40-45 million in revenue over its initial three-year term.
WidePoint's platform will manage an expected 2 million to 2.5 million units across government telecom operations for federal, state, local, and education agencies.
This engagement highlights WidePoint's leadership in FedRAMP-Authorized solutions, as it is the only FedRAMP Authorized SaaS Managed Mobility Platform.

Nov 4, 2025, 2:00 PM

WidePoint Corporation awarded new task order

WYY

New Projects/Investments

WidePoint Corporation was issued a Task Order on September 29, 2025, to deliver managed mobility services.
This order is for 30,000 cellular lines of service for U.S. Customs & Border Protection (CBP).
The services are provided under the existing Cellular Wireless Managed Services (CWMS) 2.0 contract with the Department of Homeland Security.
The period of performance for this task order extends through December 2026.

Oct 6, 2025, 9:23 PM

WidePoint Secures New Task Order from U.S. Customs & Border Protection

WYY

New Projects/Investments

WidePoint Corporation secured a new Cellular Wireless Managed Services 2.0 task order from U.S. Customs & Border Protection.
The task order is valued up to $27.5 million for managed mobility services covering 30,000 cellular lines of service.
The contract includes a one-year base period and an option period extending through December 2026, supported by WidePoint's FedRAMP authorized ITMS Command Center Platform.