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CYCU on Nasdaq

Cycurion, Inc.

Cycurion, Inc. is an American computer programming services company, incorporated in Delaware.1 It is headquartered in Mclean, Virginia.1

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Last updated Oct 21, 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.4 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 margin5
-154.7%Operating margin5
-156.4%Net margin5
-14.8%Revenue growth, 20255
-117.7%Return on equity5
-$12.5MFree cash flow5

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.

  1. Advisory Consulting$15.0M599%down 14% from 2024
  2. Managed Security Service Practice$112.7K51%down 65% from 2024
  3. Software as a Service$13.1K50%up 7% from 2024
Products and services by year
Products and services20242025
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.5 The company lost money this year.

Financial statements

Revenue65$15.1M in 2025−22% since 2023
0$5.0M$10.0M$15.0M$20.0M2023: $19.4M$19.4M20232024: $17.8M$17.8M2024−8%2025: $15.1M$15.1M2025−15%
Gross profit65$1.6M in 2025−39% since 2023
0$1.0M$2.0M$3.0M$4.0M2023: $2.6M$2.6M20232024: $3.6M$3.6M2024+38%2025: $1.6M$1.6M2025−56%
Operating income765-$23.4M in 2025+1061% since 2022
-$30.0M-$20.0M-$10.0M0$10.0M2022: -$2.0M-$2.0M20222023: $326.4K$326.4K20232024: $2.4M$2.4M2024+640%2025: -$23.4M-$23.4M2025
Net income765-$23.7M in 2025+3276% since 2022
-$30.0M-$20.0M-$10.0M0$10.0M2022: -$700.9K-$700.9K20222023: -$2.1M-$2.1M2023+199%2024: $1.2M$1.2M20242025: -$23.7M-$23.7M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
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 shares282.4K shares
Diluted (in shares)1.8M shares904.9K shares

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Corporate structure

Cycurion, Inc. sits at the top of its group. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Cycurion, Inc.

  • Cycurion, Inc. Mclean, Virginia
    • Axxum Technologies LLC Subsidiary · Virginia, United States
    • Cloudburst Security LLC Subsidiary · Virginia, United States
    • Cycurion Crypto, Inc. Subsidiary · Delaware, United States
    • Cycurion Innovation, Inc. Subsidiary · Delaware, United States
    • Cycurion Sub, Inc. Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Cycurion, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$05 Dec 31, 2025$251.1K5 Dec 31, 2024−100.0%
Accumulated depreciation$05 Dec 31, 2025$230.8K5 Dec 31, 2024−100.0%
Property and equipment, net$05 Dec 31, 2025$20.3K5 Dec 31, 2024−100.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$5.3M5 Dec 31, 2025$38.7K5 Dec 31, 2024+13464.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$20.8M5 Dec 31, 2025$6.6M5 Dec 31, 2024+216.2%
Finite-lived intangibles, gross$05 Dec 31, 2025$194.5K5 Dec 31, 2024−100.0%
Accumulated amortization$05 Dec 31, 2025$169.5K5 Dec 31, 2024−100.0%
Finite-lived intangibles, net$05 Dec 31, 2025$25.0K5 Dec 31, 2024−100.0%

Properties, in its own words

We do not own any properties. Our principal executive office is located at 1640 Boro Place, Suite 420C, McLean, Virginia 22102. Our executive office is shared with our subsidiaries.

Due to the nature of our business and the professional services we offer, a majority of our employees work on client sites or remotely. Our offices do not require any state or regulatory permits. We currently believe that our existing facilities are suitable, but we may need additional space in the future to accommodate our anticipated growth. We believe that such space will be available to us when required and on commercially reasonable terms.

Item 2 of the 10-K filed Mar 31, 2026.4

Leadership

Who has led Cycurion, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Stephen Christoffersen2022
  2. Leo Kevin Kelly2025–now

Chief financial officer

  1. Alvin McCoy Iii.2025–2026
  2. Ana Lucia Garcia2026–now
2025
Board members and other officers (13)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Axxum Technologies LLC Virginia3
  • Cloudburst Security LLC Virginia3
  • Cycurion Crypto, Inc. Delaware3
  • Cycurion Innovation, Inc. Delaware3
  • Cycurion Sub, Inc. Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Western Acquisition Ventures Corp.Jul 13, 2021 to Feb 19, 20252

Timeline

  1. Oct 2, 20268-K Other events26
  2. Sep 30, 20268-K Executive or director change; Other events27
  3. Sep 28, 20268-K Ended a material agreement; Other events28
  4. Sep 8, 20268-K Other events29
  5. Aug 28, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Regulation FD disclosure30
  6. Aug 28, 20268-K Other events31
  7. Aug 19, 20268-K Other events32
  8. Aug 19, 20268-K Other events33
  9. Aug 18, 20268-K Other events34
  10. Aug 14, 20268-K Other events35
  11. Aug 12, 20268-K Other events36
  12. Aug 4, 20268-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares37
  13. Aug 26, 2025New chief executive Leo Kevin Kelly becomes CEO11
  14. Jan 11, 2022New chief executive Stephen Christoffersen becomes CEO12

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($17.60) a share, on Nov 14, 2025.38

When it reported results

  1. Nov 14, 2025Reported quarterly or annual results39

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

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:

  1. Oct 2, 20268-K EDGAR
  2. Oct 2, 20264 EDGAR
  3. Sep 30, 20268-K EDGAR
  4. Sep 28, 20268-K EDGAR
  5. Sep 8, 20268-K EDGAR
  6. Aug 28, 20268-K EDGAR
  7. Aug 28, 20268-K EDGAR
  8. Aug 26, 20263 EDGAR
  9. Aug 20, 20263 EDGAR
  10. Aug 19, 20268-K EDGAR
  11. Aug 19, 20268-K/A EDGAR
  12. Aug 18, 20268-K EDGAR
  13. Aug 14, 202610-Q EDGAR
  14. Aug 14, 20268-K EDGAR
  15. Aug 12, 20268-K EDGAR
  16. Aug 4, 20268-K EDGAR
  17. Aug 3, 20268-K EDGAR
  18. Jul 31, 20268-K EDGAR
  19. Jul 31, 20268-K EDGAR
  20. 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.

DateWhoTradeSharesPriceValueFiling
Jan 11, 2022Western Acquisition Ventures Sponsor LLC10% ownerBuy376,000Form 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.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Chief Executive Officer$518.8K$1.8M48
2025Former Chief Financial Officer$290.9K$1.3M48
2025Cyber Security Lead$185.4K48
2025Cyber Security Engineer$160.7K48
2024William Singleton,$179.3K48
2024Devin Ferreira,$160.7K48
2024Alvin McCoyIII**$114.9K48
2024L. Kevin Kelly*61$24.7K48
2023Former Chief Financial Officer$177.3K48
2023Cyber Security Lead$151.6K48
2023Chief Executive Officer$114.9K48

SEC filer profile

How Cycurion, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCycurion, Inc.1
  • CIK0001868419
  • Employer ID (EIN)86-37207174
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7371 Services-Computer Programming Services1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address1640 Boro Place, Fourth Floor, Mclean, VA 221021
  • Phone888-341-66801
  • Shares outstanding25,840,335 as of Aug 10, 20269
  • Public float$10.1M as of Jun 30, 20254
  • AuditorWWC, P.C., San Mateo, California PCAOB ID 1171; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJul 13, 20211
  • Filings287 in all: 8-K (121), 3 (18), CORRESP (18), UPLOAD (15), 10-Q (14), PRE 14A (10), DEF 14A (9), S-4/A (7)1
    All 40 form types

    8-K/A (6), NT 10-Q (6), 10-K (5), 425 (5), EFFECT (5), S-1 (5), S-1/A (4), SCHEDULE 13G/A (4), SC 13G (3), SC 13G/A (3), SCHEDULE 13G (3), 4 (2), 424B3 (2), 424B5 (2), 8-A12B (2), NT 10-K (2), 10-K/A (1), 25-NSE (1), 424B4 (1), CERT (1), DEF 14C (1), DEFA14A (1), DEFR14A (1), DRS (1), DRSLTR (1), PRE 14C (1), PRER14A (1), S-4 (1), S-8 (1), SC 13D (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Jun 30, 2026
    Latest 8-K (8-K) Oct 2, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, par value $0.0001 per shareCYCUThe NASDAQ Stock Market LLC
Redeemable warrants, each exercisable for one share of common stock at an exercise price of $345.00 per shareCYCUWThe NASDAQ Stock Market LLC

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Cycurion, Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 41 risks under these headings, as written.4

  • Risks Related to Our Business and Operations
  • We derive a substantial portion of our revenue from a limited number of contracts and clients, and the loss of any significant contract or client relationship could materially reduce our revenue and profitability.
  • Our contracts with state and local government agencies are subject to funding risks, including dependence on federal funding that flows through those agencies, which creates uncertainty in our revenue.
  • Recent and ongoing federal and state government cost-reduction initiatives may reduce demand for our services and disrupt our contracting pipeline.
  • The competitive landscape for cybersecurity and IT services is intense, and if we do not continue to innovate we may not remain competitive and our revenue and operating results could suffer.
  • The government contracting process is lengthy, complex, and subject to protest and delay, which makes our revenue difficult to predict.
  • Our government contracts are subject to audit, investigation, modification, and termination by the government, which could result in adverse findings, reduced revenue, or other penalties.
  • Our business strategy may impose limitations in our ability to accurately forecast future revenue and operating results.
  • Risks Related to Cybersecurity and Technology
  • A cybersecurity breach or incident affecting our systems, our clients' systems, or our AI-enhanced ARx platform could damage our reputation, expose us to liability, and undermine the market confidence that is fundamental to our business.
  • The cybersecurity regulatory environment is rapidly evolving, and our failure to comply with new and changing requirements could result in penalties, loss of contracts, and competitive disadvantage.
  • Our AI-enhanced ARx platform and other technology solutions are at an early stage of market adoption, and there is no assurance that these products will achieve broad commercial acceptance.
The other 31 risks
  • We depend on unaffiliated third-party software in order to provide our solutions and professional services and support our operations.
  • Risks Related to Our Financial Condition and Capital Structure
  • Our recurring losses, net working capital deficit, and accumulated deficit have raised substantial doubt regarding our ability to continue as a going concern.
  • Our level of indebtedness and debt service obligations could adversely affect our financial condition and make it more difficult to fund our operations.
  • We will require substantial additional funding in the future, which may not be available to us on acceptable terms, or at all, and, if not so available, may require us to delay, limit, reduce, or cease our operations.
  • Our allocation of capital to cryptocurrency investments involves speculative risk and may not align with the expectations of our shareholders or clients.
  • Risks Related to Our Growth Strategy and Acquisitions
  • Our growth strategy depends in part on acquisitions, which involve integration risks, potential liabilities, and the diversion of management's attention, and if we fail to retain existing clients and attract new clients through acquisitions, we may not achieve profitability.
  • Our strategic partnerships and international expansion expose us to a range of business risks and uncertainties.
  • Risks Related to Our Human Capital
  • We rely on personnel with extensive information security expertise, including security-cleared professionals, and the loss of, or our inability to attract and retain, qualified personnel could harm our business.
  • Risks Related to Our Securities and Nasdaq Listing
  • There can be no assurance that our securities will continue to be listed on Nasdaq in the future.
  • If we fail to comply with the continued minimum closing bid requirements of the Nasdaq Global Market or other requirements for continued listing, our common stock may be delisted and the price of our common stock and our ability to access the capital markets could be negatively impacted.
  • Following the Reverse Stock Split, the resulting market price of our common stock may not attract new investors, including institutional investors, and may not satisfy the investing requirements of those investors. Consequently, the trading liquidity of our common stock may not improve.
  • A "short squeeze" due to a sudden increase in demand for shares of our common stock that largely exceeds supply and/or focused investor trading in anticipation of a potential short squeeze have led to, and may lead to, extreme price volatility in the price of our common stock.
  • Our common stock price may be volatile and as a result you could lose all or part of your investment.
  • Volatility in the price of our common stock may subject us to securities litigation, which could cause us to incur significant expense, hinder execution of business and growth strategy and impact our stock price.
  • Potential future sales pursuant to registration rights and under Rule 144 may depress the market price for our shares of common stock.
  • Future offerings of debt or preferred equity securities could adversely affect the market price of our common stock.
  • You may experience immediate and substantial dilution as a result of an offering by us and any future offering and may experience additional dilution in the future.
  • Risks Related to Legal, Regulatory, and Compliance Matters
  • If we fail to maintain proper and effective internal control over financial reporting, our ability to produce accurate and timely financial statements could be impaired, which could harm our operating results, investors' views of us, and the value of our common stock.
  • As a provider of cybersecurity services to government clients, we are subject to heightened data protection obligations, and any compliance failure could result in significant penalties and loss of client trust.
  • The Financial Industry Regulatory Authority, Inc. ("FINRA") has adopted sales practice requirements that may also limit a stockholder's ability to buy and sell our common stock.
  • Changes in government contracting regulations, procurement preferences, or small business set-aside policies could reduce our contract opportunities.
  • Accusations of intellectual property infringement by third parties, regardless of accuracy, could result in significant costs and harm our business.
  • Our insurance policies may not adequately protect us from all business risks, leaving us exposed to significant uninsured liabilities.
  • Anti-takeover provisions contained in our charter and bylaws, as well as provisions of Delaware law, could impair a takeover attempt.
  • Risks Related to Operating as a Public Company
  • Our historical management team has limited experience managing a public company, and we may incur significantly increased costs as a result of operating as a public company.
  • We qualify as an "emerging growth company" and a "smaller reporting company," and if we take advantage of certain exemptions from disclosure requirements, it could make our securities less attractive to investors.
  • Risks Related to Taxation
  • Unanticipated changes in effective tax rates or adverse outcomes resulting from examination of our income or other tax returns could adversely affect our results of operations and financial condition.
  • Changes in tax laws or regulations that are applied adversely to us or our customers may materially adversely affect our business, prospects, financial condition and operating results.
  • Our ability to use certain tax attributes may be or become subject to limitation.
  • General Risk Factors
  • Macroeconomic conditions, including inflation, rising interest rates, and economic uncertainty, could adversely affect our business, our clients’ budgets, and our cost structure.
  • If securities or industry analysts do not publish research or reports about us, or publish negative reports, our share price and trading volume could decline.

Legal proceedings

Information required for Item 3. is incorporated by reference to the discussion under the heading "Legal Proceedings" in Note 22 "Commitments and Contingencies" to the consolidated financial statements included in Item 8. of this Form 10-K.

The opening of Item 3, Legal Proceedings.4

Sources

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