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    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

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        <entityName>WASHINGTON CAPITAL MANAGEMENT, INC</entityName>
        <issuerAddress>
            <street1>1200 SIXTH AVENUE STE 700</street1>
            <city>Seattle</city>
            <stateOrCountry>WA</stateOrCountry>
            <stateOrCountryDescription>WASHINGTON</stateOrCountryDescription>
            <zipCode>98101</zipCode>
        </issuerAddress>
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        <jurisdictionOfInc>WASHINGTON</jurisdictionOfInc>
        <issuerPreviousNameList>
            <previousName>Washington Capital Management Inc.</previousName>
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            <previousName>WASHINGTON CAPITAL MANAGEMENT INC</previousName>
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        <entityType>Corporation</entityType>
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                <lastName>Carlson</lastName>
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                <city>Seattle</city>
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                <zipCode>98101</zipCode>
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                <relationship>Executive Officer</relationship>
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                <middleName>M.</middleName>
                <lastName>Kovecs</lastName>
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                <city>Seattle</city>
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                <zipCode>98101</zipCode>
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                <middleName>C</middleName>
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        <relatedPersonInfo>
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    <offeringData>
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            <industryGroupType>Investing</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>04</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0000912282-26-000634</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2026-04-15</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>971560</totalOfferingAmount>
            <totalAmountSold>971560</totalAmountSold>
            <totalRemaining>0</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>6</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>16</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
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                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>WASHINGTON CAPITAL MANAGEMENT, INC</issuerName>
                <signatureName>/s/ Tracey Voll</signatureName>
                <nameOfSigner>Tracey Voll</nameOfSigner>
                <signatureTitle>Chief Operating Officer</signatureTitle>
                <signatureDate>2026-05-27</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
