olivLaw · US equity research
Cycurion, Inc. CYCU
Services-Computer Programming Services · SIC 7371 · Vertical: Services-Computer Programming Services (SIC 7371)
Cycurion, Inc. is a cybersecurity and IT solutions provider headquartered in McLean, Virginia, serving mainly state and local government agencies as well as higher education, healthcare and corporate clients. The company had a difficult 2025, with revenues falling to and gross margin contracting to, so attention is on how its client base and AI-enhanced technology platforms evolve.
At the close of 04 Nov 2026, Cycurion, Inc. (CYCU) stock was 2.52 USD (−1.18% on the day), with market capitalisation 65.1 m USD, beta 3.19, 52-week range 2.00–49.67 USD. Latest reported quarter (Q2 2026): revenue of 3.8 m USD (−3.4% YoY), net income of -3.8 m USD, diluted EPS -0.41 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 46.7
- neutral
- Bollinger (20, 2)
- 1.88 – 3.02
- in the upper half of the band · %B 0.56 · band width 46.5%
- SMA 50 / 200
- 2.95 / 7.38
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.18 / -0.26
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −31.5% | −1.1% | −30.4 pp | — |
| 3 months | −59.4% | −0.5% | −59.0 pp | — |
| 6 months | −66.1% | +4.4% | −70.5 pp | — |
| Year to date | −88.6% | +12.3% | −100.9 pp | — |
| 1 year | −88.5% | +13.5% | −102.0 pp | −39.9% |
| 3 years | unavailable | +76.4% | unavailable | −39.8% |
| 5 years | unavailable | +63.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.5 m | 4.1 m | 3.9 m | 3.9 m | 3.8 m | 3.5 m | 3.3 m | 3.8 m |
| Cost of revenue | 3.7 m | 2.5 m | 3.2 m | 3.7 m | 3.6 m | 3.1 m | 2.6 m | 2.7 m |
| Gross profit | 718.0 k | 1.5 m | 677.8 k | 235.9 k | 270.5 k | 428.1 k | 688.4 k | 1.1 m |
| SG&A | 299.2 k | 245.6 k | 337.4 k | 2.3 m | 2.7 m | 4.0 m | 2.7 m | 2.6 m |
| Operating income | 418.8 k | 1.3 m | -10.1 m | -3.8 m | -4.5 m | -5.0 m | -2.4 m | -1.9 m |
| Interest expense | 319.7 k | 176.0 k | 178.9 k | 615.4 k | 712.4 k | 257.2 k | 204.9 k | 227.9 k |
| Pre-tax income | 116.1 k | 1.1 m | -10.2 m | -5.3 m | -3.2 m | -5.3 m | -2.6 m | -4.0 m |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 116.1 k | 1.1 m | -10.2 m | -5.2 m | -3.1 m | -5.1 m | -2.1 m | -3.8 m |
| Diluted EPS | 0.11 | 3.31 ≈ | -7.40 | -3.38 | -1.59 | -1.56 ≈ | -0.47 | -0.41 |
| Operating cash flow | -315.2 k ≈ | -205.7 k | -2.7 m | -3.6 m ≈ | -2.5 m ≈ | -3.3 m | -2.9 m | -3.3 m ≈ |
| Capex | 105.0 k ≈ | 105.0 k | 70.0 k | 104.0 k ≈ | 94.0 k ≈ | 187.0 k | 129.0 k | 63.0 k ≈ |
| Share repurchases | -620.6 k ≈ | 0 | 1.0 m | 0 ≈ | 0 ≈ | 0 | 0 | 0 ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | unavailable | 19.4 m | 17.8 m | 15.1 m |
| Revenue YoY | unavailable | unavailable | −8.2% | −14.8% |
| Net income | -700.9 k | -2.1 m | 1.2 m | -23.7 m |
| Net income YoY | unavailable | unavailable | unavailable | −2,024.7% |
| Diluted EPS | unavailable | -0.14 | 1.66 | -13.39 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | −906.6% |
| net % | unavailable | -10.8% | 6.9% | -156.4% |
| Free cash flow | unavailable | -2.0 m | -1.8 m | -12.5 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 5.3 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 16.2 m USD
- Total assets
- 33.5 m USD
- Debt / equity
- unavailable
- Current ratio
- 0.47x
- ROE
- -240.1%
- ROA
- -80.2%
- FCF margin
- -82.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | — | 19.4 m | 17.8 m | 15.1 m | SEC (XBRL)· 31 Mar 2026verified |
| Cost of revenue | — | 16.7 m | 14.1 m | 13.5 m | SEC (XBRL)· 31 Mar 2026verified |
| Gross profit | — | 2.6 m | 3.6 m | 1.6 m | SEC (XBRL)· 31 Mar 2026verified |
| Research & development | — | 0 | 0 | — | SEC (XBRL)· 17 Apr 2025verified |
| SG&A | — | 2.3 m | 1.2 m | 9.3 m | SEC (XBRL)· 31 Mar 2026verified |
| Operating income | -2.0 m | 326.4 k | 2.4 m | -23.4 m | SEC (XBRL)· 31 Mar 2026verified |
| Interest expense | — | 2.1 m | 1.2 m | 1.8 m | SEC (XBRL)· 31 Mar 2026verified |
| Pre-tax income | -450.2 k | -2.1 m | 1.2 m | -24.1 m | SEC (XBRL)· 31 Mar 2026verified |
| Income tax | 250.7 k | 3.8 k | 0 | 0 | SEC (XBRL)· 31 Mar 2026verified |
| Net income | -700.9 k | -2.1 m | 1.2 m | -23.7 m | SEC (XBRL)· 31 Mar 2026verified |
| Diluted EPS | — | -0.14 | 1.66 | -13.39 | SEC (XBRL)· 31 Mar 2026verified |
| Weighted average diluted shares | — | 14.8 m | 904.9 k | 1.8 m | SEC (XBRL)· 31 Mar 2026verified |
Balance sheet · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 809.5 k | 607.9 k | 38.7 k | 5.3 m | SEC (XBRL)· 31 Mar 2026verified |
| Receivables | — | 7.1 m | 10.4 m | 2.7 m | SEC (XBRL)· 31 Mar 2026verified |
| Current assets | 1.1 m | 8.4 m | 10.9 m | 8.0 m | SEC (XBRL)· 31 Mar 2026verified |
| Property, plant & equipment, net | — | 33.7 k | 20.3 k | 0 | SEC (XBRL)· 31 Mar 2026verified |
| Goodwill | — | 6.6 m | 6.6 m | 20.8 m | SEC (XBRL)· 31 Mar 2026verified |
| Intangibles (excl. goodwill) | — | 41.7 k | 25.0 k | 0 | SEC (XBRL)· 31 Mar 2026verified |
| Total assets | 118.3 m | 20.8 m | 25.6 m | 33.5 m | SEC (XBRL)· 31 Mar 2026verified |
| Accounts payable | 829.4 k | 2.1 m | 1.7 m | 1.3 m | SEC (XBRL)· 31 Mar 2026verified |
| Short-term debt | — | 204.2 k | — | — | SEC (XBRL)· 26 Apr 2024verified |
| Current liabilities | — | 14.1 m | 18.7 m | 16.9 m | SEC (XBRL)· 31 Mar 2026verified |
| Total liabilities | 1.2 m | 15.5 m | 20.2 m | 17.2 m | SEC (XBRL)· 31 Mar 2026verified |
| Equity | 5.0 m † | 5.2 m | 3.5 m | 16.2 m | SEC (XBRL)· 31 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Operating cash flow | -1.3 m | -2.0 m | -1.4 m | -12.1 m | SEC (XBRL)· 31 Mar 2026verified |
| Capex | — | 12.8 k | 448.0 k | 455.0 k | SEC (XBRL)· 31 Mar 2026verified |
| Free cash flow | — | -2.0 m ≈ | -1.8 m ≈ | -12.5 m ≈ | SEC (XBRL)· 31 Mar 2026derived |
| Investing cash flow | -115.6 m | -706.7 k | -885.1 k | 1.4 m | SEC (XBRL)· 31 Mar 2026verified |
| Financing cash flow | 117.7 m | 3.2 m | 1.7 m | 15.9 m | SEC (XBRL)· 31 Mar 2026verified |
| Share repurchases | — | 114.3 m | 0 | 1.0 m | SEC (XBRL)· 31 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 59.6% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 65.1 m USD
Key indicators
Coverage and freshness
Score by group
60% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 59.6% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 17.2% | 0 (on a fixed band) | 18% |
| EBIT margin · Quality | -95.9% | 26 (vs peers) | 14% |
| FCF margin · Quality | -86.3% | 0 (on a fixed band) | 14% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| Revenue growth (YoY) · Growth | -14.8% | 23 (vs peers) | 14% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 0.3x | 0 (on a fixed band) | 11% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -19.1% | 0 (on a fixed band) | 21% |
| Shareholder yield (distributions) · Returns | 0.0% | 33 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial0/100 · 1/2 factors with a value
- Growth· partial23/100 · 1/2 factors with a value
- Quality8/100 · 3/3 factors with a value
- Returns33/100 · 1/1 factors with a value
- Valuation· partial0/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Cycurion, Inc. (CYCU). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 15.1 m USD in 2025; YoY growth -14.8%; net margin -98.0%; ROE -76.7%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (score weight coverage: 59.6% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Gross margin: 17.2%
- EBIT margin: -95.9%
- FCF margin: -86.3%
- Revenue growth (YoY): -14.8%
- Current ratio: 0.3x
- FCF yield: -19.1%
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, Net debt / EBITDA, EV/Sales.
Versus the vertical median
Services-Computer Programming Services (SIC 7371) · same industry (4-digit SIC) · compared with 32 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| INFYInfosys Limited | 49.6 bn | 16.1 | 29.0% | 16.4% | +3.9% | −30% / −30% |
| ZSZscaler Inc | 36.6 bn | — | -2.9% | -1.9% | +25.4% | −11% / +14% |
| CTSHCognizant Technology Solutions Corporation | 29.4 bn | 12.0 | 17.4% | 11.8% | +7.0% | −15% / −7% |
| VRSNVerisign Inc | 28.5 bn | 33.6 | — | 49.1% | +6.4% | +26% / +50% |
| WITWipro Limited | 22.7 bn | 15.4 | 16.4% | 14.7% | −3.2% | −21% / −11% |
| EPAMEpam Systems, Inc. | 7.1 bn | 18.6 | 11.2% | 7.2% | +15.4% | −27% / −47% |
| DOCSDoximity, Inc. | 6.2 bn | 40.9 | 17.2% | 25.5% | +13.1% | −33% / +49% |
| DOXAmdocs Limited | 4.9 bn | 10.3 | 14.1% | 9.9% | +2.4% | −43% / −48% |
| RGTIRigetti Computing, Inc. | 3.7 bn | — | -43.8% | -1,787.4% | −34.3% | −56% / +958% |
| FORTYFormula Systems (1985) Ltd. | 1.8 bn | 23.4 | 12.2% | 2.9% | +5.2% | −20% / +96% |
| MGRTMega Fortune Co Ltd | 1.6 bn | 698.9 | 21.1% | 16.1% | +233.3% | +1,864% / unavailable |
| PERIPerion Network Ltd. | 446.8 m | — | -1.1% | -1.8% | −11.7% | +12% / −59% |
| MFImF International Limited | 367.8 m | 36.4 | 3.9% | 232.8% | +29.4% | −68% / unavailable |
| IAInnovative Solutions And Support, Inc. | 353.7 m | 18.8 | 28.5% | 20.5% | +78.6% | +103% / +167% |
| GDEVGDEV Inc. | 176.1 m | 2.6 | — | 17.1% | −3.9% | −44% / −57% |
| ATGLAlpha Technology Group Ltd | 146.5 m | — | -184.7% | -952.0% | −40.2% | −61% / −39% |
| MLGOMicroAlgo Inc. | 135.7 m | 1.2 | 7.6% | 30.2% | −20.3% | −61% / −100% |
| MWCMicware Co., Ltd. | 82.0 m | 8.1 | 20.0% | 7.3% | unavailable | unavailable / unavailable |
| PDCPerpetuals.com Ltd | 74.9 m | — | -75.8% | -1,069.9% | −47.0% | −61% / −13% |
| CINTCI&T Inc | 73.8 m | 10.3 | 13.8% | 8.3% | +11.5% | −31% / −40% |
| CYCUCycurion, Inc. | 65.1 m | — | -76.7% | -98.0% | −14.8% | −89% / unavailable |
| XTIAXti Aerospace, Inc. | 37.7 m | — | — | -89.6% | +602.4% | −40% / −100% |
| MNDOMind Cti Ltd | 18.3 m | 6.9 | 11.0% | 13.4% | −9.3% | −24% / −53% |
| CHGAChange Agents Corporation | 17.8 m | — | -606.9% | -643.1% | +6.2% | −97% / −99% |
| RDNWRideNow Group, Inc. | 11.7 m | — | — | -0.8% | −10.5% | +7% / −9% |
1- and 3-year price returns: for CYCU from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Cycurion, Inc. is a cybersecurity and IT solutions provider headquartered in McLean, Virginia, serving mainly state and local government agencies as well as higher education, healthcare and corporate clients. The company had a difficult 2025, with revenues falling to 1 and gross margin contracting to 2, so attention is on how its client base and AI-enhanced technology platforms evolve.
SWOT
Strengths
- The company has long experience working with federal and state agencies, giving it knowledge of the government environment and capacity to work on sensitive projects 1.
- The portfolio spans consulting, managed IT services, managed security services and a proprietary technology platform, which allows integrated service packages 1.
- A long-standing relationship with a telecommunications provider, supported by a new network modernization contract, shows the ability to deliver critical services to institutional clients 3.
Weaknesses
- Revenue is concentrated in a small number of clients and contracts, and losing a major client could significantly reduce financial results 1.
- Gross margin contracted considerably in 2025, and business combination and public company costs increased losses 1.
- The AI-based technology platforms are at an early stage, without a broadly proven commercial base 1.
Opportunities
- Modernization of government IT and communications infrastructure could generate new contracts, especially if the current backlog converts into revenue 2.
- Acquisitions of mid-market security providers, such as Secuvant, could widen the client base and managed security capacity 2.
- If the ARx and Cycurion Security Platform reach maturity, they could bring recurring revenue with better margins 1.
Threats
- Cuts to federal and state budgets and delayed procurements could postpone projects and reduce demand for the company's services 1.
- Competition from larger contractors with superior resources could limit new contract wins and pressure pricing 1.
- A security incident affecting the company's own systems could seriously damage the reputation of a firm that sells cyber protection 1.
Risks
- Client concentrationhigh
A small number of contracts and clients generate a major part of revenue, and changes to one contract could have a disproportionate effect on results 1.
- Dependence on government fundinghigh
State and local clients rely on federal funds passed through grants, and delays in appropriations could postpone projects and revenue recognition 1.
- Revenue and margin declinemedium
Revenue fell in 2025 and gross margin dropped sharply, which could continue if new contracts start late 1.
- Liability under government contractsmedium
Government contracts can be audited, modified or terminated, and failure to comply with procurement rules could bring significant penalties 1.
- Technology and reputation riskmedium
Products may contain errors or fail to detect threats, and a breach of the company's own systems could undermine market confidence 1.
Investment thesis
What would need to be true (bull case)
- If the high backlog reported at the end of 2025 converts into actual revenue and new modernization contracts start on time, the company could recover from the revenue decline 2.
- Integrating technology platforms with managed services could create recurring revenue streams and improve margins over the long term 1.
- Recent acquisitions, including Secuvant, could broaden the portfolio and client base in the mid-market segment 2.
What would break the thesis
- If federal and state budget cuts widen, demand for the company's services could fall further 1.
- Client concentration could make revenue vulnerable to the loss of a single major contract that is hard to replace quickly 1.
- Net losses and transition costs could continue if margins do not improve, which could limit investment capacity 1.
What to watch
- Trend in revenue and gross margin versus the 2025 levelQ2 2026
- Conversion of committed backlog into recognized revenue2026
- Integration of Secuvant and its effect on revenue and marginsnext 10-Q
- Commercial adoption status of the ARx and Cycurion Security Platformnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Cycurion, Inc. operates through Axxum Technologies LLC, Cloudburst Security LLC and Cycurion Innovation, Inc., offering consulting, managed IT services and managed security services, as well as the ARx platform, a web application protection solution. The company presents itself as a provider of custom solutions for federal civilian, defense and judicial agencies, as well as commercial clients 1. Since February 2025 its shares trade on Nasdaq under CYCU, following the business combination with Western Acquisition Ventures Corp. 1.
Revenue is highly concentrated: in fiscal 2025 the four largest end-customers accounted for 1 of total revenue, mostly state and local government agencies, universities, law enforcement and municipal transportation authorities 1. Committed backlog was about 2 at 31 December 2025, compared with 3 at the end of 2024 1.
In June 2026 the company announced the acquisition of Secuvant LLC, an IT security firm focused on managed security services for mid-market organizations, pointing to growth through acquisitions 2. Cycurion also described Cycurion Crypto Inc., formed in July 2025 to manage a crypto treasury, as part of positioning in the digital asset ecosystem 1.
Segments
Consulting, managed IT services and managed security services
This line covers security control assessments, security architecture, compliance audits, virtual CISO support, managed IT services under service level agreements, and managed security services such as managed detection and response, penetration testing and 24/7/365 SOC monitoring 1.
ARx platform and Cycurion Security Platform
The ARx platform combines DoS protection, WAF, API protection, endpoint protection and bot detection, while technology acquired from Sabres has been integrated into the managed security practice 1. The company notes that the production version of the software does not yet include AI processing, which is in testing and evaluation 1.
Government services through SLG Innovation
Through SLG Innovation, Inc. the company provides IT modernization services to state and local government agencies, and according to its filings this relationship now represents the majority of Cycurion revenues 1. The master service agreement with Axxum Technologies is driven by task orders that vary with client requirements 1.
Market context
The company describes the cybersecurity and IT services market for government clients as fragmented, competitive and constantly evolving, with solutions that must adapt quickly to new threats 1. Demand from state and local clients depends heavily on federal funding passed through grants and pass-through programs, which is subject to annual appropriations and budget uncertainty 1.
Trends
- Government cost-reduction initiativesheadwind
Federal efficiency initiatives, including DOGE, have led to contract and grant cuts, and several states are proposing similar programs, which could delay client procurement 1.
- Rising demand for cybersecuritytailwind
The growing scale and sophistication of cyberattacks keeps interest in monitoring and managed security services high, which could support demand for the company's portfolio 1.
- Modernization of public infrastructuremixed
Projects replacing legacy infrastructure, such as an emergency warning network for a federal agency, show that modernization demand can produce new contracts, although their value is limited 3.
- Uncertain adoption of AI platformsheadwind
AI-based platforms are at an early stage of adoption and their commercial success is not assured, which could weigh on margins if traction stays limited 1.
Competitive position
The company operates in a fragmented market where it competes with large defense and IT contractors, specialized cybersecurity firms, cloud service providers and niche contractors 1. Larger competitors generally have greater financial resources, brand recognition and broader contract relationships than Cycurion 1.
Key competitive factors include the ability to detect and mitigate threats, responsiveness to client needs, total cost and ease of use of products, brand reputation and the ability to attract employees 1. The company acknowledges it could lose position if it does not innovate fast enough 1.
- Large defense and IT contractors
Large contractors with greater financial and technical resources and extensive government contract bases, which can offer broader portfolios 1.
- Vulnerability management and assessment vendors
Companies offering vulnerability assessment and management that compete directly with part of the consulting and managed security offering 1.
- Endpoint and cloud security vendors
Companies offering endpoint and cloud security solutions that compete with the protection functions of the ARx platform 1.
- Managed security service providers
Specialized providers of monitoring, detection and response that may compete for the same mid-sized and large clients 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (amendment)28 Oct 2026Financial statements and exhibits
- Current report (amendment)28 Oct 2026Financial statements and exhibits
- Current report26 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Current report22 Oct 2026Other events · Financial statements and exhibits
- Current report16 Oct 2026Other events · Financial statements and exhibits
- Current report02 Oct 2026Other events · Financial statements and exhibits
- Current report30 Sept 2026Departure or appointment of officers · Other events · Financial statements and exhibits
- Current report28 Sept 2026Termination of a material agreement · Other events · Financial statements and exhibits
- Current report08 Sept 2026Other events · Financial statements and exhibits
- Current report28 Aug 2026Other events · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Cycurion, Inc. · 31 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Cycurion, Inc. · 14 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Cycurion, Inc. · 14 Nov 2025
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.