NASDAQ : CYCU
Cycurion, Inc. — Financial statements
Technology · Information Technology Services · United States
Last price 2.545 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 8.22M
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Financial statements
Cycurion, Inc. (CYCU) reported revenue of 14.40M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 14.40M | 15.13M | 17.77M | 19.35M | 16.60M | 16.88M |
| Cost of Revenue | 11.92M | 13.52M | 14.14M | 16.71M | 14.21M | 14.53M |
| Gross Profit | 2.48M | 1.61M | 3.63M | 2.64M | 2.39M | 2.35M |
| Selling, General & Admin | 11.99M | 9.26M | 1.21M | 2.29M | 2.52M | 2.18M |
| Operating Expenses | 15.53M | 13.16M | 1.22M | 2.32M | 2.56M | 2.18M |
| Operating Income | -13.05M | -11.54M | 2.42M | 326.41K | -166.57K | 170.81K |
| Interest Expense | -1.40M | -1.76M | -1.21M | -2.07M | -847.58K | -892.89K |
| Interest & Investment Income | 45.28K | 27.54K | 20.21K | |||
| Other Non Operating Income (Expenses) | -14.86K | -129.56K | 2.78K | -345.55K | -1.27M | 4.52K |
| EBT Excluding Unusual Items | -14.42M | -13.41M | 1.23M | -2.09M | -2.29M | -717.55K |
| Merger & Restructuring Charges | -755.99K | -11.87M | ||||
| Other Unusual Items | 57.54K | 1.22M | 750.00K | 920.20K | ||
| Pretax Income | -15.12M | -24.06M | 1.23M | -2.09M | -1.54M | 202.65K |
| Income Tax Expense | 3.79K | 205.00 | 12.32K | |||
| Earnings From Continuing Operations | -15.12M | -24.06M | 1.23M | -2.10M | -1.54M | 190.32K |
| Minority Interest in Earnings | 1.01M | 393.38K | ||||
| Net Income | -14.11M | -23.67M | 1.23M | -2.10M | -1.54M | 190.32K |
| Net Income to Common | -14.11M | -23.67M | 1.23M | -2.10M | -1.54M | 190.32K |
| Shares Outstanding (Basic) | 588.38K | 220.04K | 35.30K | 62.09K | 58.41K | 47.76K |
| Shares Outstanding (Diluted) | 588.38K | 220.04K | 113.12K | 62.09K | 58.41K | 47.76K |
| EPS (Basic) | -23.99 | -107.55 | 34.83 | -33.78 | -26.33 | 3.99 |
| EPS (Diluted) | -23.99 | -107.55 | 13.32 | -33.78 | -26.33 | 3.99 |
| Free Cash Flow | -11.96M | -12.09M | -1.37M | -2.00M | -3.52M | -166.25K |
| Free Cash Flow Per Share | -20.32 | -54.93 | -12.12 | -32.22 | -60.26 | -3.48 |
| Gross Margin | 17.22% | 10.65% | 20.45% | 13.66% | 14.40% | 13.93% |
| Operating Margin | -90.62% | -76.28% | 13.59% | 1.69% | -1.00% | 1.01% |
| Profit Margin | -98.00% | -156.38% | 6.92% | -10.84% | -9.26% | 1.13% |
| Free Cash Flow Margin | -83.03% | -79.86% | -7.72% | -10.34% | -21.21% | -0.98% |
| EBITDA | -13.02M | -11.52M | 2.43M | 352.23K | -106.47K | 239.46K |
| EBITDA Margin | -90.44% | -76.15% | 13.67% | 1.82% | -0.64% | 1.42% |
| D&A For EBITDA | 26.99K | 20.32K | 13.34K | 25.82K | 60.10K | 68.65K |
| EBIT | -13.05M | -11.54M | 2.42M | 326.41K | -166.57K | 170.81K |
| EBIT Margin | -90.62% | -76.28% | 13.59% | 1.69% | -1.00% | 1.01% |
| Effective Tax Rate | 6.08% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.87M | 5.26M | 38.74K | 607.87K | 96.19K | 666.55K |
| Cash & Short-Term Investments | 1.87M | 5.26M | 38.74K | 607.87K | 96.19K | 666.55K |
| Accounts Receivable | 3.72M | 2.69M | 10.35M | 7.09M | 4.38M | 2.66M |
| Other Receivables | 133.06K | 434.39K | 455.98K | 32.60K | 246.58K | |
| Receivables | 3.85M | 2.69M | 10.79M | 7.75M | 4.41M | 2.90M |
| Prepaid Expenses | 222.89K | 60.13K | 99.46K | 56.02K | 15.10K | 339.34K |
| Restricted Cash | 2.05K | |||||
| Total Current Assets | 5.95M | 8.00M | 10.93M | 8.41M | 4.52M | 3.91M |
| Property, Plant & Equipment | 13.73K | 22.57K | 139.83K | 244.44K | ||
| Goodwill | 20.84M | 6.59M | 6.59M | 6.59M | 6.59M | |
| Other Intangible Assets | 32.42M | 4.61M | 4.18M | 3.76M | 3.27M | 2.67M |
| Other Long-Term Assets | 3.84M | 2.01M | 2.01M | 2.01M | ||
| Total Assets | 38.37M | 33.45M | 25.56M | 20.80M | 16.54M | 15.43M |
| Accounts Payable | 1.29M | 1.31M | 1.68M | 2.07M | 1.15M | 1.83M |
| Accrued Expenses | 10.28M | 7.66M | 6.66M | 2.16M | 1.49M | 1.34M |
| Short-Term Debt | 7.69M | 7.26M | 9.22M | 8.48M | 6.37M | 3.85M |
| Current Portion of Long-Term Debt | 269.07K | 669.69K | 1.18M | 1.15M | 746.62K | 745.01K |
| Current Portion of Leases | 121.82K | 120.82K | ||||
| Current Unearned Revenue | 253.90K | 11.80K | 463.76K | |||
| Total Current Liabilities | 19.53M | 16.91M | 18.74M | 14.11M | 9.89M | 8.34M |
| Long-Term Debt | 627.01K | 300.00K | 1.44M | 1.44M | 1.63M | 2.37M |
| Long-Term Leases | 121.88K | |||||
| Other Long-Term Liabilities | 1.92M | |||||
| Total Liabilities | 20.16M | 17.21M | 22.10M | 15.55M | 11.52M | 10.84M |
| Common Stock | 1.19K | 364.00 | 38.00 | 1.03K | 14.64K | 14.36K |
| Additional Paid-In Capital | 55.55M | 46.98M | 6.67M | 9.68M | 7.34M | 5.38M |
| Retained Earnings | -32.76M | -26.88M | -3.20M | -4.43M | -2.34M | -797.94K |
| Total Common Equity | 22.78M | 20.10M | 3.47M | 5.25M | 5.02M | 4.59M |
| Minority Interest | -4.57M | -3.86M | ||||
| Shareholders' Equity | 18.21M | 16.24M | 3.47M | 5.25M | 5.02M | 4.59M |
| Total Liabilities & Equity | 38.37M | 33.45M | 25.56M | 20.80M | 16.54M | 15.43M |
| Total Debt | 8.59M | 8.23M | 11.84M | 11.07M | 8.86M | 7.21M |
| Net Cash (Debt) | -6.72M | -2.98M | -11.80M | -10.46M | -8.77M | -6.54M |
| Net Cash Per Share | -11.42 | -13.52 | -104.34 | -168.51 | -150.07 | -136.98 |
| Filing Date Shares Outstanding | 3.23M | 688.75K | 132.06K | 62.87K | 60.29K | 60.29K |
| Total Common Shares Outstanding | 1.49M | 455.31K | 44.49K | 62.87K | 60.29K | 60.29K |
| Working Capital | -13.58M | -8.91M | -7.81M | -5.69M | -5.37M | -4.44M |
| Book Value Per Share | 15.33 | 44.15 | 77.95 | 83.45 | 83.19 | 76.16 |
| Tangible Book Value | -9.63M | -5.35M | -7.31M | -5.10M | -4.85M | -4.67M |
| Tangible Book Value Per Share | -6.48 | -11.75 | -164.27 | -81.17 | -80.43 | -77.51 |
| Machinery | 151.88K | 151.88K | 147.61K | 126.52K | ||
| Leasehold Improvements | 62.72K | 62.72K | 62.72K | 62.72K | ||
| Order Backlog | 80.00M | 16.00M | 15.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -14.11M | -23.67M | 1.23M | -2.10M | -1.54M | 190.32K |
| Depreciation & Amortization | 16.83K | 20.32K | 13.34K | 25.82K | 60.10K | 68.65K |
| Other Amortization | 38.16K | 267.10K | 23.23K | 1.09M | 230.49K | 10.03K |
| Stock-Based Compensation | 3.54M | 13.42M | 10.00K | 327.50K | 243.43K | |
| Provision & Write-off of Bad Debts | 94.73K | 18.42K | ||||
| Other Operating Activities | -1.07M | -1.52M | 312.69K | -588.22K | ||
| Change in Accounts Receivable | 831.25K | 363.40K | -3.49M | -4.64M | -2.51M | 348.21K |
| Change in Accounts Payable | -1.32M | -836.59K | 562.95K | 3.11M | 387.99K | 375.81K |
| Change in Unearned Revenue | 242.10K | -451.95K | -134.84K | |||
| Change in Other Net Operating Assets | 115.67K | -140.47K | 282.25K | -48.73K | 319.66K | -291.65K |
| Operating Cash Flow | -11.96M | -12.09M | -1.37M | -1.99M | -2.85M | -3.26K |
| Capital Expenditures | -12.77K | -671.15K | -163.00K | |||
| Cash Acquisitions | 208.01K | 34.98K | 2.05K | |||
| Sale (Purchase) of Intangibles | -473.00K | -455.00K | -448.00K | -493.93K | ||
| Other Investing Activities | 1.83M | -439.11K | -200.00K | -598.08K | ||
| Investing Cash Flow | -264.99K | 1.41M | -885.07K | -706.71K | -671.15K | -761.07K |
| Short-Term Debt Issued | 2.89M | 657.31K | 1.09M | 4.35M | 91.35K | |
| Long-Term Debt Issued | 31.95K | 339.50K | 125.00K | 400.00K | ||
| Total Debt Issued | 2.89M | 689.27K | 1.43M | 4.48M | 491.35K | |
| Short-Term Debt Repaid | -444.75K | -655.00K | ||||
| Long-Term Debt Repaid | -986.03K | -222.68K | -875.00K | -750.00K | ||
| Total Debt Repaid | -1.70M | -1.43M | -222.68K | -1.53M | -750.00K | |
| Net Debt Issued (Repaid) | -1.70M | 1.46M | 689.27K | 1.21M | 2.95M | -258.65K |
| Issuance of Common Stock | 14.79M | 15.43M | 1.00M | 1.41M | ||
| Repurchase of Common Stock | -1.00M | |||||
| Financing Cash Flow | 13.08M | 15.89M | 1.69M | 3.21M | 2.95M | 1.15M |
| Net Cash Flow | 859.45K | 5.21M | -567.08K | 511.68K | -570.37K | 389.39K |
| Free Cash Flow | -11.96M | -12.09M | -1.37M | -2.00M | -3.52M | -166.25K |
| Free Cash Flow Margin | -83.03% | -79.86% | -7.72% | -10.34% | -21.21% | -0.98% |
| Free Cash Flow Per Share | -20.32 | -54.93 | -12.12 | -32.22 | -60.26 | -3.48 |
| Levered Free Cash Flow | -3.97M | 13.72M | 1.13M | -1.71M | -2.92M | -143.86K |
| Unlevered Free Cash Flow | -3.12M | 14.58M | 1.88M | -1.51M | -2.62M | 404.17K |
| Free Cash Flow After Leases | -11.96M | -12.09M | -1.37M | -2.00M | -3.52M | -166.25K |
| Cash Interest Paid | 1.30K | 501.34K | 475.34K | 513.67K | ||
| Change in Working Capital | -371.71K | -613.65K | -2.65M | -1.34M | -2.25M | 297.54K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.75M | 9.27M | 36.54M | 38.62M | 170.37M | |
| Enterprise Value | 14.47M | 11.09M | 50.87M | 48.24M | ||
| Last Close Price | 2.40 | 22.08 | 2,540.48 | 2,585.72 | 2,750.00 | |
| PE Ratio | 29.72 | |||||
| PS Ratio | 0.54 | 0.61 | 2.06 | 2.00 | 10.26 | |
| PB Ratio | 0.16 | 0.57 | 10.54 | 7.36 | 33.97 | |
| EV/Sales Ratio | 1.00 | 0.73 | 2.86 | 2.49 | ||
| EV/EBITDA Ratio | 20.94 | 136.95 | ||||
| EV/EBIT Ratio | 21.05 | 147.79 | ||||
| Debt / Equity Ratio | 0.47 | 0.51 | 3.42 | 2.11 | 1.77 | 1.57 |
| Debt / EBITDA Ratio | 4.87 | 31.43 | 407.88 | 19.61 | ||
| Net Debt / Equity Ratio | 0.37 | 0.18 | 3.40 | 1.99 | 1.75 | 1.43 |
| Net Debt / EBITDA Ratio | -0.52 | -0.26 | 4.86 | 29.70 | -82.33 | 27.32 |
| Net Debt / FCF Ratio | -0.56 | -0.25 | -8.61 | -5.23 | -2.49 | -39.35 |
| Asset Turnover | 0.42 | 0.51 | 0.77 | 1.04 | 1.04 | 1.23 |
| Quick Ratio | 0.29 | 0.47 | 0.58 | 0.58 | 0.46 | 0.43 |
| Current Ratio | 0.30 | 0.47 | 0.58 | 0.60 | 0.46 | 0.47 |
| Return on Equity (ROE) | -105.53% | -244.12% | 28.22% | -40.87% | -32.02% | 7.88% |
| Return on Assets (ROA) | -23.61% | -24.45% | 6.51% | 1.09% | -0.65% | 0.78% |
| Return on Invested Capital (ROIC) | -58.45% | -66.95% | 15.60% | 2.21% | -1.34% | 1.64% |
| Return on Capital Employed (ROCE) | -69.30% | -69.80% | 35.40% | 4.90% | -2.50% | 2.40% |
| Earnings Yield | -999.41% | -255.26% | 3.36% | -5.43% | -0.90% | |
| FCF Yield | -154.25% | -130.36% | -3.75% | -5.18% | -2.07% | |
| Buyback Yield / Dilution | -846.33% | -94.53% | -82.19% | -6.29% | -22.31% | 21.54% |