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Cycurion (CYCU) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Cycurion (CYCU) Q2 2026 earnings results →

Q2 2026 Revenue down 3% year over year to $3.8M · 108¢ of every $1 of revenue lost · operating margin -50.2%

Cycurion made $3.8M in Q2 2026 (-3% Y/Y): Advisory consulting $3.6M, Managed security service practice (MSSP) $184K, Software as a service (Saas) $3K. Operating margin -50.2%, net loss $4.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.

Revenue$3.8M
Year over year-3%
Operating margin-50.2%
Net earnings−$4.0M
Operating cash flow−$3.3M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $3.8M in Q2 2026, down 3% year over year and up 15% from the previous quarter. Advisory consulting was the largest line at 95% of revenue. Advisory consulting lost $279K year over year (down 7%), 213% of the total change.

Gross margin was 29.1%, up 23.0 points from Q2 2025. Operating costs exceeded revenue by $1.9M, an operating margin of -50.2%. Operating expenses fell 26% while revenue fell 3%. The fastest-growing cost line was SG&A (+14%). The quarter ended with a net loss of $4.0M, wider than the previous quarter's $2.6M loss. Minority interests bore $284K of it: to shareholders the quarter was a loss of $3.8M. Net interest and other expense of $2.2M was the main reason.

Operating cash flow was −$3.3M. Non-cash charges added back $337K of share-based compensation. Working capital and other items added $419K. Capital expenditures of $63K exceeded it, leaving free cash flow of −$3.3M.

Quarterly history

Cycurion revenue by quarterCycurion revenue by quarter$4.1MQ4 2024$3.9MQ1 2025$3.9MQ2 2025$3.8MQ3 2025$3.5MQ4 2025$3.3MQ1 2026$3.8MQ2 2026
Cycurion net earnings by quarterCycurion net earnings by quarter$1.9MQ4 2024−$10.2MQ1 2025−$5.3MQ2 2025−$3.2MQ3 2025−$5.3MQ4 2025−$2.6MQ1 2026−$4.0MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 14, 2026$3.8M-3%-50.2%−$4.0M−$3.3M
Q1 202610-QMay 14, 2026$3.3M-16%-72.5%−$2.6M−$2.9M
Q4 202510-KMar 31, 2026$3.5M-13%-141.7%−$5.3M−$3.3M
Q3 202510-QNov 14, 2025$3.8M-14%-118.2%−$3.2M−$2.5M
Q2 202510-QAug 13, 2025$3.9M-22%-96.9%−$5.3M−$3.6M
Q1 202510-QJun 6, 2025$3.9M-9%-260.9%−$10.2M−$2.7M
Q4 202410-KApr 17, 2025$4.1M—88.9%$1.9M−$860K

Charts

Cycurion: revenue growth, year over year and quarter over quarterCycurion: revenue growth, year over year and quarter over quarterY/YQ/Q-9%-5%Q1 2025-22%+0%Q2 2025-14%-1%Q3 2025-13%-8%Q4 2025-16%-8%Q1 2026-3%+15%Q2 2026
Latest (Q2 2026): Y/Y -3%, Q/Q +15%.
Cycurion: where the cash came from (+) and went (−), TTM to Q2 2026Cycurion: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$13.9MOperating cash flow−$12.0MCash drawn (+) / kept (−)−$859KNet borrowing (+) / repaid (−)−$815KCapital spending−$473KOther investing$208K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Cycurion: profit against cash, quarter by quarterCycurion: profit against cash, quarter by quarterNet incomeOperating cash flow$116K−$315KQ3 2024$1.1M−$206KQ4 2024−$10.2M−$2.7MQ1 2025−$5.3M−$3.6MQ2 2025−$3.2M−$2.5MQ3 2025−$5.3M−$3.3MQ4 2025−$2.6M−$2.9MQ1 2026−$4.0M−$3.3MQ2 2026
Latest (Q2 2026): Net income −$4.0M, Operating cash flow −$3.3M.
Cycurion: diluted shares by fiscal year (split-adjusted)Cycurion: diluted shares by fiscal year (split-adjusted)30MFY20232MFY20242MFY2025
-94.0% since FY2023: buybacks shrank the count; earlier years scaled for the 2-for-1 split before FY2025.
Cycurion in its industry: growth against margin (17 companies, SIC 7371)Cycurion in its industry: growth against margin (17 companies, SIC 7371)revenue growth, year over year →↑ operating marginmedian +5%median -1%CTSHEPAMZSVRSNRDNWDOCSIANIXXBMTMRGTISBIGBTLNCYNANKMDSFTSensei Harbor Corp.CYCU (-3%, -50%)
Services-Computer Programming Services; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Cycurion

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.

In its own words, from its 10-K, filed Mar 31, 2026.

Cycurion against its Services-Computer Programming Services peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -3% against the peers' median +5%. Operating margin: -50.2% against the peers' median 12.3%.

CompanyQuarterRevenueY/YOp. margin
CYCU CycurionQ2 2026$3.8M-3%-50.2%
CTSH Cognizant Technology SolutionsQ3 2026$5.7B+5%15.4%
EPAM Epam SystemsQ3 2026$1.4B+2%12.3%
ZS ZscalerQ4 FY26$898M+25%-1.7%
VRSN VeriSignQ3 2026$443M+6%66.9%
RDNW RideNow GroupQ2 2026$297M-1%6.0%
DOCS DoximityQ2 FY27$175M+4%25.2%
XTIA XTI AerospaceQ2 2026$32.4M—-28.0%
IA Innovative Solutions & SupportQ3 FY26$26.7M+11%22.6%

Source: Cycurion 10-Q on SEC EDGAR · CIK 1868419 · Services-Computer Programming Services

More on CYCU

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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