Cycurion Cuts Net Debt 70%, Holds $5M Cash with $112M Backlog
Cycurion reduced net debt by over 70% to just under $3 million and held over $5 million in cash at year-end. FY2025 revenue declined to $15.1 million from $17.8 million, gross profit dropped to $1.6 million and net loss widened to $23.7 million against a $112 million four-year weighted backlog.
1. Financial Results Overview
For the year ended December 31, 2025, Cycurion generated $15.1 million in revenue versus $17.8 million in 2024, with gross profit decreasing to $1.6 million from $3.6 million. Net loss widened to $23.7 million, driven by $16.8 million in non-cash and non-recurring charges.
2. Balance Sheet Strengthening
The company slashed net debt by over 70% to under $3 million and finished the year with more than $5 million in cash. It also optimized its capital structure by reducing outstanding convertible shares to just over 400,000.
3. Operational Efficiency and Backlog Outlook
In early 2026, Cycurion initiated $2.2 million in annualized cost savings while boosting investments in its AI-enhanced ARx platform. The company’s $112 million contracted backlog, with a four-year weighted average life, underpins an anticipated revenue pickup and margin expansion in the second half of 2026.