CISO Global Inc

ciso.inc

What Do They Do?

Provides managed cybersecurity services, compliance support, and cybersecurity software to organizations.

How Do They Make Money?

Customers are generally invoiced in advance or by milestone installments. Managed security services are billed as services and materials are provided; annual software licenses are billed in advance for service over the license term.

revenue

Segment	Share	How money arrives
Security Managed Services Recurring	89% FY2022: 88%	Recurring
Professional Services	8.4% FY2022: 12%
Cybersecurity Software Licensed	2.2%	Licensed

Who Are Their Customers?

Organizations engage CISO for cybersecurity and compliance services, with CISO's experts working within clients' operations.

Customers above 10% of revenue, FY2025

of revenue from one customer

FY2024: no customer at 10% or more of revenue

Do Revenues Turn Into Profits?

No. It lost $8.1M in FY2025.

Operating income, FY2025

−33% of revenue

▼ −40% (Loss) vs FY2024 (−$14.6M, −47%)

Net income, FY2025

−30% of revenue

▼ −67% (Loss) vs FY2024 (−$24.2M, −79%)

Free cash flow, FY2025

−30% of revenue

▲ +103% (Loss) vs FY2024 (−$3.9M, −13%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▼ −14%; vs $6.7M in Q2 FY2025
Net income: ▼ −46% (Loss); vs −$3M in Q2 FY2025

Security Managed Services share of revenue vs 90.1% in Q2 FY2025

Jul 6, 2026 Nasdaq granted more time to meet its minimum bid-price requirement The company has until December 28, 2026 to regain compliance, or Nasdaq may delist its shares.

Growing. Revenue grew 76% in 4 years, from $15.1M in FY2021 to $26.6M in FY2025, about 15% a year.

Cybersecurity software The older report framed the business around cybersecurity and compliance services and said it did not focus on selling cybersecurity products. The latest report adds cybersecurity software as an offering and describes its proprietary software stack as foundational to its approach.

Revenue over time

Security Managed Services Professional Services Cybersecurity Software

$50M$25M$0

FY2021 FY2022 FY2023 FY2024 FY2025

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