WidePoint improved its financial performance in Q2 2026: Revenue rose to $38 million, while the company posted net income of $66,000 versus a $618,000 loss a year earlier. Adjusted EBITDA increased to $635,000 and free cash flow to $627,000. The $3.1 billion, 10-year DHS CWMS 3.0 award remains under protest, with a GAO decision due by October 7, 2026.
A six-month, $113 million CWMS 2.5 bridge contract is intended to prevent service disruption while the protest is resolved. Management sees substantial growth potential from CWMS 3.0, the expanded ATV carrier contract, device-as-a-service opportunities and NASA's SEWP VI vehicle. New CWMS task orders could begin in Q4 2026, with a broader ramp expected through 2027 and 2028.
WidePoint (NYSEAMERICAN:WYY) reported higher second-quarter revenue, improved profitability and a strengthened long-term outlook tied to its recently awarded Department of Homeland Security contract, while the company continues to await a decision on a protest of that award. For the quarter ended June 30, 2026, WidePoint recorded revenue of $38 million, up from $37.3 million a year earlier. Net income was $66,000, or $0.01 per diluted share, compared with a net loss of $618,000, or $0.06 per share, in the prior-year quarter.
Adjusted EBITDA increased to $635,000 from $183,000, while free cash flow rose to $627,000 from $90,000. → Lumentum Just Delivered the AI Growth Investors Wanted Revenue for the first six months of 2026 totaled $78.6 million, compared with $70.8 million in the prior-year period. Six-month net income was $143,000, or $0.01 per share, versus a net loss of $1.3 million, or $0.14 per share, a year earlier. President and CEO Jin Kang said the company views the second quarter as a "transformational period" following DHS's late-June selection of WidePoint as the single awardee of the 10-year, $3.1 billion Cellular Wireless Managed Services, or CWMS 3.0, contract. → Ryman Checks Into a $1.38B Hospitality Upgrade The award is under protest, but Kang said WidePoint believes the protest will not succeed, citing its solution set, more than two decades of performance and its integration into DHS operations.
He also pointed to the company's successful defense of prior protests involving CWMS 2.0, CWMS 1.0 and the GSA FSSI TEMS award. The Government Accountability Office must issue a decision within 100 days of the protest filing, setting an outside deadline of Oct. 7, 2026, according to Kang. DHS and the protester have submitted responses, and the matter is now in the GAO decision window. → Joby's Defense Pivot Accelerates With $500M Resonant Sciences Deal Meanwhile, DHS awarded WidePoint a short-term CWMS 2.5 bridge contract on Aug. 6.
The bridge contract has a $113 million ceiling and a six-month performance period consisting of a three-month base period and three one-month options. Kang said the award is intended to avoid a gap in the ordering period while the protest is resolved. WidePoint does not expect the protest to have a material effect on third- or fourth-quarter results.
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