Filing Flows › Ciso Global (CISO) › Q1 2025
Ciso Global (CISO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Ciso Global (CISO) reported revenue of $7.2M for the first quarter 2025 (Q1 2025), -11% from a year earlier and -3% from the quarter before. Operating margin was -23.9%, net loss $5.4M (75.1% of revenue).
Ciso Global, Q1 2025: revenue $7.2M (-11% year over year), operating margin -23.9%, net loss $5.4M, operating cash flow −$3.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.2M | -3% | -11% |
| Operating profit | −$1.7M | — | — |
| Net earnings | −$5.4M | — | — |
| Operating cash flow | −$3.0M | — | — |
What changed
Revenue was $7.2M in Q1 2025, down 11% year over year and down 3% from the previous quarter. Security Managed Services was the largest line at 90% of revenue. Security Managed Services lost $713K year over year (down 10%), 83% of the total change.
Gross margin was 24.9%, up 16.1 points from a year earlier. Operating costs exceeded revenue by $1.7M, an operating margin of -23.9%. Operating expenses fell 38% while revenue fell 11%. The quarter ended with a net loss of $5.4M, narrower than the previous quarter's $5.5M loss. Net interest and other expense of $3.7M was the main reason.
Operating cash flow was −$3.0M. Non-cash charges added back $312K of depreciation and amortization and $851K of share-based compensation. Working capital and other items added $1.3M.
Questions
What was Ciso Global's revenue in the first quarter 2025?
Ciso Global (CISO) reported revenue of $7.2M for the first quarter 2025 (Q1 2025), -11% from a year earlier and -3% from the quarter before.
Was Ciso Global profitable in the first quarter 2025?
Operating loss was $1.7M (-23.9% of revenue) and net loss $5.4M.
Source: Ciso Global 10-Q on SEC EDGAR.