WidePoint Corporation (WYY): A Debt-Free IT Stock Benefiting from DHS Budget Momentum
Key takeaways
- On May 14, Wide Point Corporation (NYSEAMERICAN:WYY) delivered solid first-quarter results, driven by year-over-year revenue growth at the back of cost management efforts.
- Revenue in the quarter increased by $7.1 million to $40.6 million, while gross margin was 14%.
- Free cash flow was up 941% to $674,000, marking a 10th consecutive quarter of positive returns.
Wide Point Corporation (WYY): A Debt-Free IT Stock Benefiting from DHS Budget Momentum Neha Gupta Mon, June 8, 2026 at 12:41 AM GMT+7 2 min read WYY Wide Point Corporation (NYSEAMERICAN:WYY) is one of the best debt-free IT stocks to buy now. On May 14, Wide Point Corporation (NYSEAMERICAN:WYY) delivered solid first-quarter results, driven by year-over-year revenue growth at the back of cost management efforts. The company also achieved positive earnings per share despite an extended period of uncertainty at DHS.
Revenue in the quarter increased by $7.1 million to $40.6 million, while gross margin was 14%. The company also bounced back to profitability, reporting net income of $77,000, or $0.01 a share, compared to a net loss of $724,000, or $0.08 a share, posted in the same quarter last year. Widepoint also achieved its 35th consecutive quarter of positive EBITDA of $752,000, representing a 714% year-over-year increase.
Free cash flow was up 941% to $674,000, marking a 10th consecutive quarter of positive returns. While the government shutdown did affect the company in the first quarter, a majority of DHS agencies have received funding and budget momentum, acting as a meaningful tailwind. The company has already received a contract modification to June 24, as it continues to advance the carrier SaaS contract through implementation and functionality testing.