WIDEPOINT CORPWYYEarnings & Financial Report
WidePoint Corporation is an American company based in Fairfax, Virginia that provides technology-based products and services to the government sector and commercial markets in the United States. The company holds a patent for a digital parsing tool that allows users to access accounts through a secure repository gateway, established using asymmetric authentication employed as public key infrastructure (PKI). WidePoint provides smart card identity verification, wireless expense management, pen...
Revenue
$34.2M
Gross Profit
$4.7M
Operating Profit
$-651.0K
Net Profit
$-653.1K
Gross Margin
13.6%
Operating Margin
-1.9%
Net Margin
-1.9%
YoY Growth
35.3%
EPS
$-0.07
WIDEPOINT CORP Q1 FY2024 Financial Summary
WIDEPOINT CORP reported revenue of $34.2M (up 35.3% YoY) for Q1 FY2024, with a net profit of $-653.1K (up 31.4% YoY) (-1.9% margin). Cost of goods sold was $29.5M, operating expenses totaled $5.3M.
Key Financial Metrics
| Total Revenue | $34.2M |
|---|---|
| Net Profit | $-653.1K |
| Gross Margin | 13.6% |
| Operating Margin | -1.9% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
WIDEPOINT CORP Q1 FY2024 revenue of $34.2M breaks down across 2 segments, led by Carrier Services at $19.3M (56.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Carrier Services | $19.3M | 56.5% |
| Managed Services | $14.9M | 43.5% |
WIDEPOINT CORP Revenue by Segment — Quarterly Trend
WIDEPOINT CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Carrier Services and Managed Services) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Carrier Services | $26.8M | $20.4M | $22.2M | $22.4M |
| Managed Services | $15.5M | $15.7M | $15.7M | $11.8M |
WIDEPOINT CORP Annual Revenue by Year
WIDEPOINT CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $150.5M).
| Year | Annual Revenue |
|---|---|
| 2025 | $150.5M |
| 2024 | $142.6M |
| 2023 | $106.0M |
| 2022 | $94.1M |
WIDEPOINT CORP Quarterly Revenue & Net Profit History
WIDEPOINT CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $42.3M | +12.3% | $-849.4K | -2.0% |
| Q3 FY2025 | $36.1M | +4.3% | $-559.2K | -1.5% |
| Q2 FY2025 | $37.9M | +5.1% | $-618.5K | -1.6% |
| Q1 FY2025 | $34.2M | +0.0% | $-724.1K | -2.1% |
| Q4 FY2024 | $37.7M | +33.4% | $-356.4K | -0.9% |
| Q3 FY2024 | $34.6M | +34.5% | $-425.2K | -1.2% |
| Q2 FY2024 | $36.0M | +34.7% | $-499.6K | -1.4% |
| Q1 FY2024 | $34.2M | +35.3% | $-653.1K | -1.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $34.2M | $36.0M | $34.6M | $37.7M | $34.2M | $37.9M | $36.1M | $42.3M |
| YoY Growth | 35.3% | 34.7% | 34.5% | 33.4% | 0.0% | 5.1% | 4.3% | 12.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $54.4M | $58.6M | $56.9M | $71.6M | $71.4M | $76.6M | $70.6M | $79.8M |
| Liabilities | $40.2M | $44.6M | $43.1M | $58.0M | $58.4M | $64.0M | $58.4M | $68.3M |
| Equity | $14.2M | $14.0M | $13.8M | $13.6M | $13.0M | $12.6M | $12.2M | $11.5M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-1.6M | $-1.1M | $1.9M | $2.4M | $-3.2M | $3.2M | $5.9M | $-173527 |