WidePoint Corporation — Cyborg Score 6/10

Solid
Trusted Mobility Management and Telecom Lifecycle Management

Strategic Profile

WidePoint has achieved 35 consecutive quarters of positive Adjusted EBITDA and 10 consecutive quarters of positive Free Cash Flow. In Q1 2026, the company delivered revenue of $40.6 million, up 21%, driven by carrier services and increased managed services tied to government mobility contracts.

Cyborg Score Rationale

WidePoint demonstrates solid fundamentals with 21% YoY revenue growth in Q1 2026 and 35 consecutive quarters of positive Adjusted EBITDA, supported by 10 consecutive quarters of positive free cash flow. However, a DHS-specific government shutdown reduced billable fees and required temporary deferral of $7 million in cumulative payments in Q1 2026.

Top Insights

  • Revenue grew 21% YoY in Q1 2026, driven by carrier services and government mobility contract expansion.
  • Market demand for secure mobile management solutions is increasing due to security risks and vulnerabilities from mobile devices and cloud-based applications.
  • In Q1 2026, the IT Managed Services division closed $1.5 million in total contract value and became the exclusive provider for a leading national bottler for Procurement & Vendor Management.
  • On April 10, 2026, WidePoint entered an ATM offering agreement for up to $15.5 million to fund expansion and acquisition opportunities.

Named Competitors

  • Cisco Meraki — Enterprise mobility and security management
  • MobileIron — Mobile device management and security
  • Microsoft Intune — Cloud-based device and identity management

Recent Developments

  • (June 2026) ATM offering agreement in place allowing sale of up to $15.5M common stock
  • (May 2026) Q1 2026 results reported with 21% revenue growth YoY and return to profitability
  • (April 2026) Proxy statement filed for shareholder voting and corporate governance matters
  • (Q1 2026) IT Managed Services division awarded $1.5M in contracts including exclusive national bottler engagement

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