The stock may react negatively to declining revenue and profitability, but the large backlog and balance sheet improvements could support a rebound if management delivers on H2 2026 revenue acceleration. Monitor the closing of the announced acquisition and Q1 2026 cost-saving realization as near-term catalysts.
Price Chart
Executive Summary
Cycurion reported FY2025 revenue of $15.1M, down from $17.8M in FY2024, with a net loss of $23.7M due to non-recurring charges and strategic investments. Despite declining top and bottom lines, the company highlighted a $112M backlog and cost-saving initiatives, projecting a revenue rebound in H2 2026. The sentiment is mixed given deteriorating fundamentals but improving balance sheet and forward guidance.
Key Financial Metrics
Key Facts
- FY2025 revenue was $15.1 million, down from $17.8 million in FY2024
- Gross profit declined to $1.6 million from $3.6 million in FY2024
- Net loss was $23.7 million in FY2025 vs. net income of $1.2 million in FY2024
- Non-recurring and non-cash charges totaled $16.8 million, including $11.9M in business combination expenses
- Company reduced net debt by over 70% to under $3M and ended with over $5M in cash
- Implemented $2.2M in annualized cost savings in early 2026
- Maintains $112M contracted backlog with ~4-year weighted average life
- Guides for revenue pickup in second half of 2026 and growth from backlog conversion and an upcoming acquisition
Financial Impact
Revenue down 15.2% YoY, gross profit down 55.6%, net loss widened by $24.9M due largely to one-time charges
Risk Factors
- Revenue and profitability declined significantly despite favorable backlog
- Heavy reliance on future execution and government contract timing, which remains uncertain
- Market cap of $4M suggests high risk; low liquidity could amplify volatility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3266620 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 8, 2026 24d ago | 8-K | $3.51 $3.36 | ▼ −4.27% | ▼ −3.61% | $3.82 (+8.83%) |
Aug 28, 2026 5w ago | 8-K | $3.85 $3.54 | ▼ −8.05% | ▼ −8.16% | $3.82 (−0.78%) |
Aug 28, 2026 5w ago | 8-K | $3.85 $3.54 | ▼ −8.05% | ▼ −8.16% | $3.82 (−0.78%) |
Aug 26, 2026 5w ago | Press Release | $0.4586 $3.03 | ▼ −560.71% | ▼ −560.83% | $3.82 (−732.97%) |
Aug 26, 2026 5w ago | Press Release | $0.4586 $3.03 | ▲ +560.71% | ▲ +560.83% | $3.82 (+732.97%) |
Aug 19, 2026 6w ago | 8-K | $5.54 $3.67 | ▼ −33.67% | ▼ −33.28% | $3.82 (−31.00%) |
Aug 18, 2026 6w ago | 8-K | $5.54 $3.67 | ▼ −33.67% | ▼ −33.28% | $3.82 (−31.00%) |
Aug 14, 2026 7w ago | 8-K | $0.6850 $0.6539 | ▼ −4.54% | ▼ −3.17% | $3.82 (+457.66%) |
Aug 14, 2026 7w ago | Press Release | $0.6850 $0.6539 | ▼ −4.54% | ▼ −3.17% | $3.82 (+457.66%) |
Aug 12, 2026 7w ago | 8-K | $4.96 $5.54 | ▲ +11.61% | ▲ +12.06% | $3.82 (−22.98%) |
US Market Status
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