EL7.AI
StocksMedium•12 November 2026•
3 min read

WidePoint Revenue Rises to $45.1 Million in Third Quarter

Key Facts

1Third-quarter revenue was $45.1 million, up $9.5 million year over year.
2Net loss was $192,000, or $0.02 per share, compared with $559,000 and $0.06 per share a year earlier.
3Revenue for the first nine months was $123.6 million, up $17.3 million from the corresponding period.
4The company received 40 new or replacement task orders valued at approximately $33.7 million during the quarter.
5The CWMS 3.0 contract has a 10-year term and a ceiling of approximately $3.1 billion.

WidePoint reported revenue of $45.1 million for the third quarter ended September 30, 2026, an increase of $9.5 million from the same period a year earlier. The company posted a net loss of $192,000, or $0.02 per share, compared with a loss of $559,000, or $0.06 per share, a year earlier. The figures show higher revenue and a narrower year-over-year loss, while the available information did not include a comparison with analyst expectations. The company had scheduled its earnings call for November 12, 2026, at 4:30 p.m. Eastern Time. WidePoint said its financial results would be released in a press release before the call.

Gross margin was 14% for the quarter and reached 30% excluding revenue from telecommunications services, the company said. The two figures provide different measures of margin: the first includes all revenue, while the second excludes telecommunications services revenue. For the nine months ended September 30, 2026, revenue totaled $123.6 million, an increase of $17.3 million from the same period a year earlier. The result places the quarter’s performance within a broader period of year-over-year revenue growth. In the second quarter of 2026, WidePoint reported revenue of $38.0 million and net income of $66,000, or $0.01 per share.

The company’s prospects in the homeland security sector are tied to the CWMS 3.0 contract process, after WidePoint said in September 2026 that the Government Accountability Office had upheld TurningPoint Global Solutions’ protest of the contract award. Chief Executive Gene Kang said the decision “undoubtedly created near-term disruption,” but added that the company believes its effects are “temporary in nature.” In June 2026, WidePoint announced it had won the contract as the sole awardee, with a 10-year term and a ceiling of about $3.1 billion. After the GAO decision, the Department of Homeland Security requested revised bids, and WidePoint submitted its revised proposal for evaluation. The company said it was awaiting the department’s announcement of the evaluation results and resulting award decision.

During the third quarter, WidePoint received 40 new or replacement task orders valued at approximately $33.7 million under the transitional CWMS 2.5 contract. The company described the bridge contract as a 6-month agreement with a ceiling of approximately $113 million. Management also said existing task orders under CWMS 2.0 extend into 2027, providing an operating period while the CWMS 3.0 contract decision process continues. The company is now awaiting the Department of Homeland Security’s decision following its evaluation of the revised proposal. Management is scheduled to present the financial results on a call on November 12 at 4:30 p.m. Eastern Time, after their release in a press release before the call.

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