CYCU on Nasdaq
Cycurion, Inc.
American computer programming services company, incorporated in Delaware. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerCYCU on Nasdaq1
- IndustryServices-Computer Programming Services1
- HeadquartersMclean, Virginia1
- Incorporated inDE2
- Business address1640 Boro Place, Fourth Floor, Mclean, Va 221022
- Filer category, Emerging growth company2
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Cycurion, Inc. (collectively with its subsidiaries, the "Company," "Cycurion," "we," "us" or "our") is a publicly traded, cybersecurity and artificial intelligence ("AI")-powered IT solutions provider headquartered in McLean, Virginia. We were originally incorporated as KAE Holdings, Inc. under the laws of the State of Delaware in October 2017, with the purpose of acquiring and holding operating entities in the cybersecurity industry. On July 14, 2020, we changed our corporate name from KAE Holdings, Inc. to Cyber Secure Solutions, Inc., and, on February 24, 2021, to Cycurion, Inc.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
10.7%Gross margin4
-154.7%Operating margin4
-156.4%Net margin4
-14.8%Revenue growth, 20254
-117.7%Return on equity4
-$12.5MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Advisory Consulting brought in 99% of the revenue Cycurion, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Advisory Consulting | $17.4M | $15.0M |
| Managed Security Service Practice | $318.1K | $112.7K |
| Software as a Service | $12.2K | $13.1K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue59¢$13.5M
- Selling, general and admin41¢$9.3M
Out of $15.1M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net revenues | $15.1M | $17.8M |
| Cost of revenues | $13.5M | $14.1M |
| Gross profit | $1.6M | $3.6M |
| Selling, general and administrative expenses | $9.3M | $1.2M |
| Stock compensation expenses | $3.9M | $10.0K |
| Business combination expenses | $11.9M | $0 |
| Total operating expenses | $25.0M | $1.2M |
| Operating (loss)/income | -$23.4M | $2.4M |
| Interest income | $27.5K | $20.2K |
| Interest expense | -$1.8M | -$1.2M |
| Gain on debt settlement, net | $1.2M | $0 |
| Other (expense)/income, net | -$129.6K | $2.8K |
| Other expenses, net | -$644.2K | -$1.2M |
| (Loss)/income before income taxes | -$24.1M | $1.2M |
| Provision for income tax | $0 | $0 |
| Net (loss)/income | -$24.1M | $1.2M |
| Less: Net loss attributable to non-controlling interest | $393.4K | $0 |
| Net (loss)/income attributable to Cycurion | -$23.7M | $1.2M |
| Comprehensive (loss)/income | -$23.7M | $1.2M |
| Basic (in dollars per share) | -$13.44 | $4.35 |
| Diluted (in dollars per share) | -$13.39 | $1.66 |
| Basic (in shares) | 1.8M shares | 282.4K shares |
| Diluted (in shares) | 1.8M shares | 904.9K shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2025-10-31 | 2025-06-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $5.3M | $38.7K | |||
| Restricted cash | $0 | $2.0K | |||
| Accounts receivable, net | $2.7M | $10.4M | |||
| Other receivables | $0 | $434.4K | |||
| Prepaid expenses and other current assets | $60.1K | $99.5K | |||
| Total current assets | $8.0M | $10.9M | |||
| Deposit for acquisition target | $0 | $2.0M | |||
| Property and equipment, net | $0 | $20.3K | |||
| Software development costs, net | $4.6M | $4.2M | |||
| Intangible assets, net | $0 | $25.0K | |||
| Security deposits | $0 | $10.4K | |||
| Goodwill | $20.8M | $6.6M | |||
| Investments held in trust account | $0 | $1.8M | |||
| Total non-current assets | $25.4M | $14.6M | |||
| Total Assets | $33.5M | $25.6M | |||
| Bank loan-revolving credit line | $2.9M | $3.2M | |||
| Bank loan - current portion | $0 | $774.1K | |||
| Factoring liability | $1.5M | $0 | |||
| Subordinated convertible promissory notes | $0 | $3.3M | |||
| Convertible notes | $192.9K | $0 | |||
| Promissory notes | $2.5M | $2.5M | |||
| Accounts payable | $1.3M | $1.7M | |||
| Accrued liabilities | $4.2M | $2.9M | |||
| Accrued compensation and benefits | $919.8K | $979.7K | |||
| Accrued interest payable | $1.3M | $1.6M | |||
| Excise tax payable | $1.2M | $1.2M | |||
| Total current liabilities | $16.9M | $18.7M | |||
| Loans payable - non-current portion | $300.0K | $146.8K | |||
| Series A convertible preferred stock ($0.001 par value, 16,667 shares designated, 0 and 11,518 issued and outstanding, respectively) | $0 | $1.3M | |||
| Total non-current liabilities | $300.0K | $1.4M | |||
| Total Liabilities | $17.2M | $20.2M | |||
| Common stock subject to possible redemption, $0.0001 par value, 0 and 5,796 shares at redemption value of approximately $11.03 per share, respectively | $0 | $1.9M | |||
| Common stock ($0.0001 par value, 300,000,000 shares authorized, 3,642,468 and 391,338 shares issued and outstanding, respectively) | $364 | ||||
| Additional paid in capital | $47.0M | ||||
| Accumulated deficit | -$26.9M | -$3.2M | |||
| Total stockholders' equity attributable to Cycurion | $20.1M | $3.5M | |||
| Deficit attributable to noncontrolling interests | -$3.9M | $0 | |||
| Total stockholders' equity | $16.2M | $10.4M | $3.5M | $5.2M | |
| Total liabilities and stockholders equity | $33.5M | $25.6M | |||
| Preferred stock, par value per share (in dollars per share) | $0.00 | $0.00 | |||
| Preferred stock, authorized (in shares) | 20.0M shares | 20.0M shares | |||
| Temporary equity, outstanding (in shares) | 0 shares | 5.8K shares | |||
| Common stock, par value per share (in dollars per share) | $0.00 | $0.00 | $0.00 | ||
| Common stock, authorized (in shares) | 300.0M shares | 300.0M shares | |||
| Common stock, issued (in shares) | 3.6M shares | 391.4K shares | |||
| Common stock, outstanding (in shares) | 3.6M shares | 2.9M shares | 391.4K shares |
| Period ending | 2025-12-31 | 2025-10-31 | 2025-06-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $5.3M | $38.7K | |||
| Restricted cash | $0 | $2.0K | |||
| Accounts receivable, net | $2.7M | $10.4M | |||
| Other receivables | $0 | $434.4K | |||
| Prepaid expenses and other current assets | $60.1K | $99.5K | |||
| Total current assets | $8.0M | $10.9M | |||
| Deposit for acquisition target | $0 | $2.0M | |||
| Property and equipment, net | $0 | $20.3K | |||
| Software development costs, net | $4.6M | $4.2M | |||
| Intangible assets, net | $0 | $25.0K | |||
| Security deposits | $0 | $10.4K | |||
| Goodwill | $20.8M | $6.6M | |||
| Investments held in trust account | $0 | $1.8M | |||
| Total non-current assets | $25.4M | $14.6M | |||
| Total Assets | $33.5M | $25.6M | |||
| Bank loan-revolving credit line | $2.9M | $3.2M | |||
| Bank loan - current portion | $0 | $774.1K | |||
| Factoring liability | $1.5M | $0 | |||
| Subordinated convertible promissory notes | $0 | $3.3M | |||
| Convertible notes | $192.9K | $0 | |||
| Promissory notes | $2.5M | $2.5M | |||
| Accounts payable | $1.3M | $1.7M | |||
| Accrued liabilities | $4.2M | $2.9M | |||
| Accrued compensation and benefits | $919.8K | $979.7K | |||
| Accrued interest payable | $1.3M | $1.6M | |||
| Excise tax payable | $1.2M | $1.2M | |||
| Total current liabilities | $16.9M | $18.7M | |||
| Loans payable - non-current portion | $300.0K | $146.8K | |||
| Series A convertible preferred stock ($0.001 par value, 16,667 shares designated, 0 and 11,518 issued and outstanding, respectively) | $0 | $1.3M | |||
| Total non-current liabilities | $300.0K | $1.4M | |||
| Total Liabilities | $17.2M | $20.2M | |||
| Common stock subject to possible redemption, $0.0001 par value, 0 and 5,796 shares at redemption value of approximately $11.03 per share, respectively | $0 | $1.9M | |||
| Common stock ($0.0001 par value, 300,000,000 shares authorized, 3,642,468 and 391,338 shares issued and outstanding, respectively) | $364 | ||||
| Additional paid in capital | $47.0M | ||||
| Accumulated deficit | -$26.9M | -$3.2M | |||
| Total stockholders' equity attributable to Cycurion | $20.1M | $3.5M | |||
| Deficit attributable to noncontrolling interests | -$3.9M | $0 | |||
| Total stockholders' equity | $16.2M | $10.4M | $3.5M | $5.2M | |
| Total liabilities and stockholders equity | $33.5M | $25.6M | |||
| Preferred stock, par value per share (in dollars per share) | $0.00 | $0.00 | |||
| Preferred stock, authorized (in shares) | 20.0M shares | 20.0M shares | |||
| Temporary equity, outstanding (in shares) | 0 shares | 5.8K shares | |||
| Common stock, par value per share (in dollars per share) | $0.00 | $0.00 | $0.00 | ||
| Common stock, authorized (in shares) | 300.0M shares | 300.0M shares | |||
| Common stock, issued (in shares) | 3.6M shares | 391.4K shares | |||
| Common stock, outstanding (in shares) | 3.6M shares | 2.9M shares | 391.4K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net (loss)/income | -$24.1M | $1.2M |
| Stock-based compensation | $3.9M | $10.0K |
| Stock-based compensation - business combination related | $9.5M | $0 |
| Amortization of debt discount | $242.1K | $6.6K |
| Depreciation of property and equipment | $20.3K | $13.3K |
| Amortization of software development costs | $25.0K | $16.7K |
| Gain on debt settlement, net | -$1.2M | $0 |
| Finance expense | $100.0K | $0 |
| Accounts receivable, net and other receivables | $363.4K | -$3.5M |
| Prepaid expenses and other current assets | $39.3K | -$43.4K |
| Accounts payable and accrued liabilities | -$836.6K | $562.9K |
| Accrued compensation and benefits | -$59.9K | $345.9K |
| Accrued interest payable | -$119.9K | -$20.2K |
| Net cash used in operating activities | -$12.1M | -$1.4M |
| Cash acquired on business combination | $35.0K | $2.0K |
| Issuance of promissory notes | $0 | -$439.1K |
| Capitalized software development costs | -$455.0K | -$448.0K |
| Cash withdrawn from Trust Account in connection with redemption | $1.0M | $0 |
| Release of Trust Account to Company's bank account | $833.3K | $0 |
| Net cash provided by/(used in) investing activities | $1.4M | -$885.1K |
| Proceeds from exercise of warrants | $3.7M | $0 |
| Redemption of common stock subject to redemption | -$1.0M | $0 |
| Proceeds from private placement | $4.8M | $1.0M |
| Proceeds from capital raise | $7.0M | $0 |
| Proceeds from revolving line of credit | $0 | $252.3K |
| Repayments of revolving line of credit | -$315.7K | $0 |
| Proceeds from bank borrowings | $0 | $32.0K |
| Repayment of bank borrowings | -$775.2K | $0 |
| Repayment of loans payable | -$210.8K | $0 |
| Proceeds from convertible notes payable | $2.4M | $0 |
| Net cash provided by financing activities | $15.9M | $1.7M |
| Net increase/(decrease) in cash and cash equivalents | $5.2M | -$567.1K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Cycurion, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
2025
- Chief executive officerLeo Kevin Kelly Aug 26, 2025 to now10
- Chief executive officerStephen Christoffersen Jan 11, 2022 to Jan 11, 202211
- Chief financial officerAna Lucia Garcia Aug 20, 2026 to now12
- Chief financial officerAlvin McCoy Iii. Aug 26, 2025 to Aug 20, 202613
Board members and other officers (13)
- Chief Revenue OfficerRichard Michael Finfera Apr 1, 2026 to now14
- Chief Administrative OfficerAngela Nicole Wier Aug 26, 2026 to now15
- Board memberKevin E. O'Brien Aug 26, 2025 to now16
- Board memberLeo Kevin Kelly Aug 26, 2025 to now10
- Board memberEmmit J. McHenry Aug 28, 2025 to now17
- Board memberPeter R. Ginsberg Sep 2, 2025 to now18
- Board memberIrving Minnaker Sep 11, 2025 to now19
- Board memberReginald S. Bailey Sr. Oct 31, 2025 to now20
- Board memberAdam K. Stern Jan 11, 2022 to Jan 11, 202221
- Board memberAde Okunubi Jan 11, 2022 to Jan 11, 202222
- Board memberAli Jahangiri Jan 11, 2022 to Jan 11, 202223
- Board memberStephen Christoffersen Jan 11, 2022 to Jan 11, 202211
- Board memberWilliam F. Lischak Jan 11, 2022 to Jan 11, 202224
Former names
- Western Acquisition Ventures Corp.Jul 13, 2021 to Feb 19, 20252
Timeline
Filings
283 filings to the SEC since October 2021: 6 annual reports, 14 quarterly reports, 127 major events, 20 insider forms, 16 large holders, 100 other. The latest 20:
- Oct 2, 20268-K EDGAR
- Oct 2, 20264 EDGAR
- Sep 30, 20268-K EDGAR
- Sep 28, 20268-K EDGAR
- Sep 8, 20268-K EDGAR
- Aug 28, 20268-K EDGAR
- Aug 28, 20268-K EDGAR
- Aug 26, 20263 EDGAR
- Aug 20, 20263 EDGAR
- Aug 19, 20268-K EDGAR
- Aug 19, 20268-K/A EDGAR
- Aug 18, 20268-K EDGAR
- Aug 14, 202610-Q EDGAR
- Aug 14, 20268-K EDGAR
- Aug 12, 20268-K EDGAR
- Aug 4, 20268-K EDGAR
- Aug 3, 20268-K EDGAR
- Jul 31, 20268-K EDGAR
- Jul 31, 20268-K EDGAR
- Jul 29, 20268-K EDGAR
The 283 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jan 11, 2022 | Western Acquisition Ventures Sponsor LLC10% owner | Buy | 376,000 | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- ARMISTICE CAPITAL, LLCSCHEDULE 13G/A, 2 filings Feb 17, 2026 to May 15, 202625
- ALPHA CAPITAL ANSTALTSCHEDULE 13G/A, 4 filings Jan 20, 2023 to Apr 16, 202626
- Alvin McCoy Iii.SCHEDULE 13D/A, 2 filings Aug 29, 2025 to Dec 29, 202527
- TD SECURITIES (USA) LLCSCHEDULE 13G/A, 2 filings Aug 12, 2025 to Nov 14, 202528
- M2B Funding Corp.SCHEDULE 13G, 1 filing Feb 24, 202529
- MMCAP International Inc. SPCSC 13G/A, 2 filings Jan 21, 2022 to Feb 14, 202330
- Lawrence FeisSC 13G/A, 2 filings Jan 14, 2022 to May 13, 202231
- Western Acquisition Ventures Sponsor LLCSC 13D, 1 filing Jan 21, 202232
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARCycurion, Inc. filings on SEC EDGAR
- 2SEC EDGARCycurion, Inc. filings on SEC EDGAR
- 3
- 4SEC EDGARCycurion, Inc. 10-K for fiscal 2025
- 5SEC EDGARCycurion, Inc. 10-K for fiscal 2023
- 6SEC EDGARCycurion, Inc. 10-K for fiscal 2022
- 7SEC EDGARCycurion, Inc. 10-Q for fiscal 2026
- 8SEC EDGARCycurion, Inc. 10-Q for fiscal 2026
- 9SEC EDGARCycurion, Inc. 10-K for fiscal 2021
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- 16SEC EDGARKevin E. O'Brien, Board member
- 17SEC EDGAREmmit J. McHenry, Board member
- 18SEC EDGARPeter R. Ginsberg, Board member
- 19SEC EDGARIrving Minnaker, Board member
- 20SEC EDGARReginald S. Bailey Sr., Board member
- 21SEC EDGARAdam K. Stern, Board member
- 22SEC EDGARAde Okunubi, Board member
- 23SEC EDGARAli Jahangiri, Board member
- 24SEC EDGARWilliam F. Lischak, Board member
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