WidePoint Reports 27% Year-Over-Year Revenue Growth in Q3 2026
WidePoint (WYY) reported strong third-quarter 2026 financial results, with total revenue reaching $45.1 million, a 27% increase compared to the same period last year. This growth was primarily fueled by increased carrier services for the Department of Homeland Security and new managed service fees from U.S. Customs and Border Protection. The company also saw gains in reselling activities following sales to the U.S. Coast Guard. Despite a net loss of $192,000, the company showed significant improvement over the prior year's loss of $559,000. WidePoint maintains a robust federal backlog of $209 million and holds $10.1 million in unrestricted cash with no bank debt. While management noted an unexpected setback regarding a GAO protest on the CWMS 3.0 award, the company continues to benefit from significant bridge contract ceilings through early 2027.
Topics: carrier services government contracts net loss reduction revenue growth