WIDEPOINT CORP
WYY · Services-Computer Integrated Systems Design · 9.9M shares · +2%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$393K (gross $818K, SBC $1M)
Reference price $24.00 · est. market cap ~$237M — last insider sale, 2026-06-25 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D46Micro-cap government-IT services firm with razor-thin margins, a net loss, and heavy single-contract dependence.
Strengths
- Positive FCF — $5.5M (41st)
Risks
- Razor-thin margins, net loss — gross margin 14.0%, net margin -1.8%, interest coverage -13.76
- Extreme contract concentration — risk factors: ~77% of revenue from the DHS CWMS IDIQ
- Weak liquidity — current ratio 1.04
Notable findings
- No interest coverageInterest coverage -13.76 (cannot cover interest)
- Customer concentration~77% of revenue from one customer/distributor — During 2025 and 2024 approximately 77% and 79%, respectively, of our revenues were from the Department of Homeland Security for Cellular Wireless Managed Services (CWMS) 2
- Net lossNet loss (net margin -1.8%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Insider buyingInsider buying — 2 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, last 6mo) Form 4 ↗
- Notable holderHeld by 5 notable fund(s): RENAISSANCE TECHNOLOGIES LLC, CITADEL ADVISORS LLC, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
- Insider sellingInsider selling — 4 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$670,900, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
14.0%
Operating margin
-1.8%
Net margin
-1.8%
Return on equity
-23.9%
Return on assets
-3.4%
Revenue growth (QoQ)
-4.1%
Interest coverage
-13.8×
Current ratio
1.0×
Free cash flow
$5M
EBITDA
-$2M
Tangible book value
$2M
Cash & investments
$10M
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-25 | Dzyak Todd | Sell | 10K | $24.00 |
| 2026-06-24 | Dzyak Todd | Sell | 10K | $17.50 |
| 2026-06-23 | Dzyak Todd | Sell | 10K | $15.00 |
| 2026-06-01 | HOLLOWAY JASON | Tax withheld | 812 | $10.30 |
| 2026-06-01 | GEORGE ROBERT J | Tax withheld | 1.9K | $10.30 |
| 2026-05-29 | GEORGE ROBERT J | Sell | 10K | $10.59 |
| 2026-04-20 | GEORGE ROBERT J | Grant | 2.9K | — |
| 2026-04-20 | Sparling Ian | Grant | 2.9K | — |
| 2026-04-20 | Kang Jin | Grant | 2.9K | — |
| 2026-04-20 | HOLLOWAY JASON | Grant | 2.9K | — |
| 2026-04-20 | Dzyak Todd | Grant | 2.9K | — |
| 2026-01-08 | HOLLOWAY JASON | Tax withheld | 4.9K | $5.37 |
| 2026-01-08 | GEORGE ROBERT J | Tax withheld | 9.0K | $5.37 |
| 2026-01-08 | Dzyak Todd | Tax withheld | 6.0K | $5.37 |
| 2026-01-02 | Kang Jin | Buy | 1.0K | $5.61 |
| 2026-01-02 | Garfinkle Philip N | Buy | 1.0K | $5.35 |
| 2025-12-29 | Kang Jin | Buy | 1.0K | $5.55 |
| 2025-12-26 | Garfinkle Philip N | Buy | 1.5K | $5.58 |
| 2025-09-08 | Kang Jin | Grant | 17K | — |
| 2025-09-08 | Sparling Ian | Grant | 8.5K | — |
| 2025-09-08 | Garfinkle Philip N | Grant | 26K | — |
| 2025-09-08 | FITZGERALD JOHN J | Grant | 20K | — |
| 2025-06-25 | Dzyak Todd | Sell | 1.0K | $3.45 |
| 2025-06-16 | Dzyak Todd | Sell | 1.0K | $3.25 |
| 2025-06-11 | Kang Jin | Buy | 2.0K | $3.39 |
| 2025-06-09 | GEORGE ROBERT J | Tax withheld | 1.9K | $4.22 |
| 2025-06-09 | HOLLOWAY JASON | Tax withheld | 812 | $4.22 |
| 2025-06-09 | Dzyak Todd | Tax withheld | 1.0K | $4.22 |
| 2025-05-27 | Kang Jin | Buy | 1.6K | $3.13 |
| 2025-05-23 | Kang Jin | Buy | 1.0K | $3.07 |
| 2025-05-21 | GEORGE ROBERT J | Sell | 8.0K | $3.21 |
| 2025-05-20 | GEORGE ROBERT J | Sell | 2.0K | $3.43 |
| 2025-03-27 | Dzyak Todd | Tax withheld | 1.0K | $3.53 |
| 2025-03-27 | GEORGE ROBERT J | Tax withheld | 1.1K | $3.53 |
| 2025-03-27 | HOLLOWAY JASON | Tax withheld | 865 | $3.53 |
| 2025-01-31 | GEORGE ROBERT J | Tax withheld | 8.9K | $4.84 |
| 2025-01-31 | HOLLOWAY JASON | Tax withheld | 4.9K | $4.84 |
| 2025-01-31 | Dzyak Todd | Tax withheld | 6.0K | $4.84 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
- Department of Homeland Security 77% of rev
Suppliers (1)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-25 | Material agreementExhibits | filing ↗ |
| 2026-06-22 | Shareholder voteExhibits | filing ↗ |
| 2026-05-20 | ResultsExhibits | filing ↗ |
| 2026-05-19 | OtherExhibits | filing ↗ |
| 2026-04-10 | Material agreementExhibits | filing ↗ |
| 2026-04-01 | ResultsExhibits | filing ↗ |
| 2025-11-18 | ResultsExhibits | filing ↗ |
| 2025-10-08 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-25 | 2026-06-24 | 0001654954-26-006193 ↗ |
| 8-K | 2026-06-22 | 2026-06-17 | 0001654954-26-006086 ↗ |
| 8-K | 2026-05-20 | 2026-05-19 | 0001654954-26-005146 ↗ |
| 8-K | 2026-05-19 | 2026-05-19 | 0001654954-26-005090 ↗ |
| 10-Q | 2026-05-14 | 2026-03-31 | 0001654954-26-004889 ↗ |
| 8-K | 2026-04-10 | 2026-04-10 | 0001654954-26-003410 ↗ |
| 8-K | 2026-04-01 | 2026-03-31 | 0001654954-26-003114 ↗ |
| 10-K | 2026-03-25 | 2025-12-31 | 0001654954-26-002749 ↗ |
| 8-K | 2025-11-18 | 2025-11-13 | 0001654954-25-013156 ↗ |
| 10-Q | 2025-11-13 | 2025-09-30 | 0001654954-25-012988 ↗ |
| 8-K/A | 2025-10-08 | 2025-10-01 | 0001654954-25-011572 ↗ |
| 8-K | 2025-10-06 | 2025-10-01 | 0001654954-25-011503 ↗ |