Cycurion (CYCU) investor relations material

Executive summary

• Revenue for Q2 2026 was $3.8M, down 3.4% year-over-year due to a delayed contract start, while gross margin improved to 29.1% from 6.1% in Q2 2025 due to cost-saving initiatives.

• Net loss attributable to shareholders was $3.8M for Q2 2026, an improvement from $5.2M in Q2 2025; six-month net loss was $5.9M versus $15.4M in the prior year.

• The company completed the acquisition of Secuvant LLC, adding $6.4M in goodwill and expanding managed security services.

• As of June 30, 2026, cash and equivalents were $1.9M, with a working capital deficit of $13.6M and accumulated deficit of $32.8M, raising substantial doubt about going concern.

Financial highlights

• Q2 2026 revenue: $3.8M (down 3.4% YoY); six-month revenue: $7.0M (down from $7.8M YoY).

• Gross margin: 29.1% for Q2 2026, up from 6.1% in Q2 2025.

• Net loss Q2 2026: $3.8M; six-month net loss: $5.9M.

• Cash used in operations for six months: $6.2M; cash provided by financing: $2.8M.

• Total assets as of June 30, 2026: $38.4M; total liabilities: $20.2M.

Outlook and guidance

• Management plans to improve operations, generate positive cash flows, and raise additional capital through equity and other financing.

• Continued significant operating losses are expected for the next few years; additional capital is needed to sustain operations.