Cycurion, Inc. (CYCU) Form 10-Q — Aug 14, 2026
Cycurion's Q2 2026 revenue slipped to $3.76 million from $3.89 million a year earlier, with a six-month net loss of $6.60 million, though gross profit improved sharply to $1.09 million in the quarter on much lower cost of revenue. Going-concern doubt persists: the company reports an accumulated deficit of $32.8 million, a $13.6 million working capital deficit, $6.2 million of operating cash burn in the first half, and just $1.87 million of cash remaining at June 30, 2026, with management's plan hinging on positive cash flow and new equity raises.
Key figures
- Revenue
- 7025696
- Revenue Yoy
- -9.4% for the six months ended June 30, 2026 vs. prior-year period (computed from stated figures)
- Total Assets
- 38367130
- Cash Position
- 1873287
- Shares Outstanding
- 25840335
- Q2 2025 revenue
- 3887915
- Q2 2026 revenue
- 3757076
- Q2 2026 net loss
- 4039567
- Secuvant goodwill
- 6378948
- Accumulated deficit
- 32763317
- Reverse split ratio
- 1-for-30 (effective October 27, 2025)
- Q2 2026 gross profit
- 1093337
- Warrant exercise price
- 345
- Working capital deficit
- $13.6 million
- Promissory notes balance
- 1161960
- Convertible note maturity
- March 31, 2027
- Convertible notes balance
- 2686748
- Secuvant cash consideration
- 875000
- Q2 2026 net loss attributable
- 3755774
- Shares outstanding dec31 2025
- 3642501
- Capital raise proceeds 6m 2026
- 3288138
- Operating cash outflow 6m 2026
- 6174176
- Loss on debt settlement q2 2026
- 1930427
- Revolving line of credit balance
- 2421305
- Shares issued outstanding jun30 2026
- 11889767
- Secuvant estimated contingent earnout
- 3100000
- Secuvant series I preferred consideration
- 2000000
Price after filing
Close on the filing date to close N calendar days later (from $5.48). Historical, not a forecast.
AI analysis
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