Cycurion Warrant (CYCUW) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CYCUW SEC filings page.
Cycurion, Inc. Warrant (CYCUW) reported $14.4M in revenue over the twelve months to Jun 30, 2026, down 11.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The business became overhead-heavy and financing-dependent: 2025 revenue shrank while operating costs turned prior-year profit into a deep loss.
FY2024 net income of$1.23M coexisted with operating cash flow of-$1.37M , so reported profit did not convert into cash. By FY2025, the net loss reached$23.7M while operating cash flow was-$12.1M , showing earnings and cash stress had converged.
Revenue fell
A current ratio of 0.5x means current assets remained below current liabilities, while reported liquidity equaled 5.2 months of the latest annual operating outflow. The financing inflow of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Cycurion, Inc. Warrant's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Cycurion, Inc. Warrant held $5.3M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $12.1M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Cycurion, Inc. Warrant scores 20/100 among other emerging companies.
Cycurion, Inc. Warrant had 6M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Cycurion, Inc. Warrant scores 31/100 among other emerging companies.
Not available for Cycurion, Inc. Warrant, so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Cycurion, Inc. Warrant reported revenue of $15.1M in fiscal year 2025, against $17.8M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Cycurion, Inc. Warrant scores 29/100 among other emerging companies.
Cycurion, Inc. Warrant's operations used $12.1M of cash in fiscal year 2025, against $1.4M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Cycurion, Inc. Warrant scores 6/100 among other emerging companies.
Cycurion, Inc. Warrant's cash, cash equivalents and investments came to $5.3M at the end of fiscal year 2025, against $17.2M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Cycurion, Inc. Warrant scores 34/100 among other emerging companies.
Cycurion, Inc. Warrant passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Cycurion, Inc. Warrant reported a net loss of $23.7M while operations used $12.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Cycurion, Inc. Warrant reported an operating loss of $23.4M against $1.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Cycurion, Inc. Warrant generated $3.8M in revenue in Q2 2026. This represents a decrease of 3.4% from the same quarter a year earlier. Against the prior quarter it is up 14.9%.
Cycurion, Inc. Warrant's EBITDA was -$1.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cycurion, Inc. Warrant reported a net loss of $3.8M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Cycurion, Inc. Warrant recorded an outflow of $3.3M in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cycurion, Inc. Warrant held $1.9M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Margins & Returns
Cycurion, Inc. Warrant's gross margin was 29.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 23.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.0 percentage points.
Cycurion, Inc. Warrant's operating margin was -50.2% in Q2 2026, reflecting core business profitability. This is up 46.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 22.4 percentage points.
Cycurion, Inc. Warrant's net profit margin was -100.0% in Q2 2026, showing the share of revenue converted to profit. Against the prior quarter it is down 34.9 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Cycurion, Inc. Warrant's quarterly ROE was -16.5% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 20.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.6 percentage points.
Capital Allocation
Cycurion, Inc. Warrant repurchased no shares in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cycurion, Inc. Warrant invested $63K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 39.4% from the same quarter a year earlier. Against the prior quarter it is down 51.2%.
Not reported for Q2 2026.
CYCUW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'26S-1 | Q4'25S-1 | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.8M-3.4% | $3.3M-15.5% | $3.5M-13.1% | $3.8M-13.9% | $3.9M-22.3% | $3.9M-8.8% | $4.1M | $4.5M |
| Cost of Revenue | $2.7M-27.1% | $2.6M-19.2% | $3.1M+23.1% | $3.6M-4.6% | $3.7M-8.2% | $3.2M-18.1% | $2.5M | $3.7M |
| Gross Profit | $1.1M+363.4% | $688K+1.6% | $428K-72.3% | $270K-62.3% | $236K-77.0% | $678K+95.5% | $1.5M | $718K |
| SG&A Expenses | $2.6M+14.2% | $2.7M+713.3% | $3.9M+1550.0% | $2.7M+808.9% | $2.3M+684.7% | $337K-11.0% | $236K | $299K |
| Operating Income | -$1.9Mn/m | -$2.4Mn/m | -$5.0M-486.1% | -$4.5M-1182.0% | -$3.8M-616.3% | -$10.1Mn/m | $1.3M | $419Kn/m |
| EBITDA | -$1.9Mn/m | -$2.4Mn/m | -$5.0M-478.0% | -$4.5M-1170.5% | -$3.8M-614.6% | -$10.1Mn/m | $1.3M | $421K |
| Interest Expense | $228K-63.0% | $205K+14.5% | $257K+46.1% | $712K+122.8% | $615K+27.6% | $179K-22.7% | $176K | $320K |
| Income Tax | $0n/m | $0n/m | $0 | $0n/m | $0 | $0 | N/A | $0-100.0% |
| Net Income | -$3.8Mn/m | -$2.1Mn/m | -$5.1M-555.9% | -$3.1M-2790.4% | -$5.2M-1795.2% | -$10.2Mn/m | $1.1M | $116Kn/m |
| EPS (Basic) | -$0.41 | -$0.47 | $1.38 | -$1.59 | -$4.31 | -$15.57 | $4.13 | $0.23 |
| EPS (Diluted) | -$0.41 | -$0.47 | $1.36 | -$1.59 | -$3.38 | -$7.40 | N/A | $0.11 |
| Diluted Shares (Avg) | 9M | 5M | N/A | 2M | 2M | 1M | N/A | 1M |
Not reported in any period shown, so not listed: R&D Expenses.
CYCUW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'26S-1 | Q4'25S-1 | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $38.4M+24.8% | $31.4M-0.3% | $33.5M+30.9% | $32.3M+1008.7% | $30.7M+1017.9% | $31.5M+925.3% | $25.6M+22.9% | $2.9M-20.4% |
| Current Assets | $6.0M+6.5% | $5.5M-18.6% | $8.0M-26.8% | $7.0M+2142.9% | $5.6M+3650.5% | $6.7M+6096.5% | $10.9M+29.9% | $314K-22.8% |
| Cash & Equivalents | $1.9M+84.8% | $2.0M-10.6% | $5.3M+13464.7% | $3.7M+7988.8% | $1.0M+6715.2% | $2.3M+225018.6% | $39K-93.6% | $45K-85.1% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Accounts Receivable | $3.7M-9.6% | $3.3M-15.3% | $2.7M-74.0% | $3.1M | $4.1M | $3.9M | $10.4M+46.0% | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $27.6M+32.9% | $21.2M+3.4% | $20.8M+216.2% | $20.8M | $20.8M | $20.5M | $6.6M0.0% | N/A |
| Total Liabilities | $20.2M-0.6% | $17.8M-19.7% | $17.2M-14.7% | $16.9M+153.9% | $20.3M+231.7% | $22.1M+277.9% | $20.2M+29.8% | $6.7M+1.6% |
| Current Liabilities | $19.5M-2.3% | $17.5M-20.0% | $16.9M-9.8% | $16.6M | $20.0M | $21.8M | $18.7M+32.8% | N/A |
| Non-Current Liabilities | $627K+112.3% | $300K+1.6% | $300K-79.2% | $295K | $295K | $295K | $1.4M0.0% | N/A |
| Total Equity | $22.8M+62.6% | $18.0M+39.7% | $20.1M+479.7% | $19.1Mn/m | $14.0Mn/m | $12.9Mn/m | $3.5M-33.9% | -$3.7Mn/m |
| Retained Earnings | -$32.8Mn/m | -$29.0Mn/m | -$26.9Mn/m | -$21.8Mn/m | -$18.7Mn/m | -$13.5Mn/m | -$3.2Mn/m | -$3.9Mn/m |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
CYCUW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'26S-1 | Q4'25S-1 | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.3Mn/m | -$2.9Mn/m | -$3.3Mn/m | -$2.5Mn/m | -$3.6Mn/m | -$2.7Mn/m | -$206Kn/m | -$315Kn/m |
| Depreciation & Amortization | $0-100.0% | $0-100.0% | $0-100.0% | $25K+1027.0% | $2K-19.0% | $2K-22.2% | $23K | $2K |
| Stock-Based Compensation | $337K-66.7% | $316Kn/m | N/A | $2.1Mn/m | $1.0M | $0-100.0% | N/A | $0 |
| Capital Expenditures | $63K-39.4% | $129K+84.3% | $187K+78.1% | $94K-10.5% | $104K-21.8% | $70K-33.3% | $105K | $105K |
| Free Cash Flow | -$3.3Mn/m | -$3.0Mn/m | -$3.5Mn/m | -$2.6Mn/m | -$3.7Mn/m | -$2.8Mn/m | -$311K | -$420K |
| Investing Cash Flow | $145Kn/m | -$129K-107.2% | -$187Kn/m | -$94Kn/m | -$104Kn/m | $1.8Mn/m | -$188K | -$105K-102.1% |
| Financing Cash Flow | $3.0M+24.0% | -$208K-106.5% | $5.1M+1322.5% | $5.2M+1646.8% | $2.4M+127.9% | $3.2Mn/m | $359K | $298Kn/m |
| Share Buybacks | $0n/m | $0-100.0% | $0n/m | $0-100.0% | $0-100.0% | $1.0M+205.8% | $0n/m | -$621K-87.3% |
Not reported in any period shown, so not listed: Dividends Paid.
CYCUW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'26S-1 | Q4'25S-1 | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.1%+23.0pp | 21.1%+3.6pp | 12.1%-25.8pp | 7.1%-9.1pp | 6.1%-14.4pp | 17.5%+9.3pp | 37.9% | 16.1% |
| Operating Margin | -50.2%+46.7pp | -72.5% | -141.7% | -118.2% | -96.9%-111.5pp | -260.9% | 31.9% | 9.4% |
| Net Margin | -100.0% | -65.1% | -144.1% | -81.5%-84.1pp | -133.5% | -264.8% | 27.5% | 2.6% |
| Return on Equity | -16.5%+20.5pp | -11.8%+67.8pp | -25.4%-57.7pp | -16.4% | -37.0% | -79.7% | 32.3% | N/A |
| Return on Assets | -9.8%+7.1pp | -6.8%+25.7pp | -15.3%-19.6pp | -9.7%-13.7pp | -16.9%-28.0pp | -32.5%-22.4pp | 4.4% | 4.0%+10.9pp |
| Current Ratio | 0.300.0x | 0.310.0x | 0.47-0.1x | 0.42 | 0.28 | 0.31 | 0.580.0x | N/A |
| Liabilities-to-Equity | 0.88-0.6x | 0.99-0.7x | 0.86-5.0x | 0.89 | 1.45 | 1.72 | 5.82+2.9x | N/A |
| Asset Turnover | 0.100.0x | 0.100.0x | 0.11-0.1x | 0.12-1.4x | 0.13-1.7x | 0.12-1.3x | 0.16 | 1.53 |
| FCF Margin | -89.1%+5.1pp | -92.4%-19.6pp | -98.8%-91.2pp | -66.9%-57.4pp | -94.2%-80.0pp | -72.7%-63.8pp | -7.6% | -9.4% |
Not reported in any period shown, so not listed: Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: The current ratio is below 1.0 (0.47), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Cycurion, Inc. Warrant CYCUW | FY2025 | $15.1M | -$23.7M | N/A | N/A | 24/100 |
| CID HoldCo, Inc. Warrants DAICW | FY2025 | $5.8M | -$36.7M | N/A | N/A | 24/100 |
| Veea Inc. Warrant VEEAW | FY2025 | $222K | -$6.7M | N/A | N/A | — |
| Mega Fortune Company Limited MGRT | FY2025 | $11.1M | $1.8M | 16.1% | $1.6B | 77/100 |
Where Cycurion, Inc. Warrant Ranks
Frequently Asked Questions
What is Cycurion, Inc. Warrant's annual revenue?
Cycurion, Inc. Warrant (CYCUW) reported $15.1M in total revenue for fiscal year 2025. This represents a -14.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cycurion, Inc. Warrant's revenue growing?
Cycurion, Inc. Warrant (CYCUW) revenue declined by 14.8% year-over-year, from $17.8M to $15.1M in fiscal year 2025.
Is Cycurion, Inc. Warrant profitable?
No, Cycurion, Inc. Warrant (CYCUW) reported a net loss of $14.1M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $23.7M.
What is Cycurion, Inc. Warrant's EBITDA?
Cycurion, Inc. Warrant (CYCUW) had EBITDA of -$23.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Cycurion, Inc. Warrant's gross margin?
Cycurion, Inc. Warrant (CYCUW) had a gross margin of 10.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Cycurion, Inc. Warrant's return on equity (ROE)?
Cycurion, Inc. Warrant (CYCUW) has a return on equity of -117.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Cycurion, Inc. Warrant's free cash flow?
Cycurion, Inc. Warrant (CYCUW) recorded an outflow of $12.5M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cycurion, Inc. Warrant's operating cash flow?
Cycurion, Inc. Warrant (CYCUW) recorded an outflow of $12.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Cycurion, Inc. Warrant's total assets?
Cycurion, Inc. Warrant (CYCUW) had $33.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Cycurion, Inc. Warrant's capital expenditures?
Cycurion, Inc. Warrant (CYCUW) invested $455K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Cycurion, Inc. Warrant's current ratio?
Cycurion, Inc. Warrant (CYCUW) had a current ratio of 0.47 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Cycurion, Inc. Warrant's liabilities-to-equity ratio?
Cycurion, Inc. Warrant (CYCUW) had a liabilities-to-equity ratio of 0.86 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Cycurion, Inc. Warrant's return on assets (ROA)?
Cycurion, Inc. Warrant (CYCUW) had a return on assets of -70.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Cycurion, Inc. Warrant's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Cycurion, Inc. Warrant (CYCUW) held $5.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $12.1M over that year. Dividing the one by the other, the reported balance equals about 5 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Cycurion, Inc. Warrant's Piotroski F-Score?
Cycurion, Inc. Warrant (CYCUW) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cycurion, Inc. Warrant's earnings high quality?
Cycurion, Inc. Warrant (CYCUW) reported a net loss of $23.7M while operations used $12.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Cycurion, Inc. Warrant cover its interest payments?
Cycurion, Inc. Warrant (CYCUW) reported an operating loss of $23.4M against $1.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Cycurion, Inc. Warrant?
Cycurion, Inc. Warrant (CYCUW) scores 24 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is the average of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Cycurion, Inc. Warrant it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.