Cycurion Inc (CYCU) is a cybersecurity services company that delivers managed security, IT consulting, and cyber awareness solutions primarily to state and local government agencies and higher education institutions. Revenue is generated through task-order-driven service contracts, including IT and cybersecurity audits, security operations center network services, virtual chief information security officer engagements, and cyber awareness training. SLG Innovation, a subsidiary serving state and local government clients through a Master Services Agreement with Axxum Technologies, represented a majority of Cycurion revenues as of the FY2025 10-K filing. Net revenues declined to $15.1 million in FY2025 from $17.8 million in FY2024, with gross margin compressing to 10.7% from 20.5%. The company carried an accumulated deficit of approximately $26.9 million as of December 31, 2025, and reported a net loss attributable to Cycurion of $23.7 million for FY2025. Originally incorporated as KAE Holdings, Inc. in Delaware in 2017, the company adopted its current name in February 2021.

Revenue model

Task-order-driven service contracts with state and local government agencies and higher education institutions, covering managed cybersecurity services, IT auditing, SOC network services, virtual CISO engagements, and cyber awareness training. Revenue is transactional and contract-based, subject to renewal and scope modifications by government clients.

Products and services

Managed cybersecurity services including IT and cybersecurity audit, consulting, and advisory; SOC network services; virtual chief information security officer (vCISO) services; cyber awareness and threat intelligence training; the Cycurion ARx platform, a web application protection and managed security solution combining multiple cybersecurity layers in a customizable platform; and contract analyst staffing providing multi-disciplined cybersecurity expertise to client organizations.

Customers and end markets

Primary customers are state and local government agencies, including law enforcement agencies, municipal transportation authorities, and higher education institutions. The company states it has served over 275,000 students through its higher education practice. Revenue is concentrated among a small number of contracts and clients; the filing discloses that conclusion of certain key government contracts contributed to the FY2025 revenue decline. Many government clients fund cybersecurity programs with federal pass-through grants and appropriations.

Value-chain role

Cybersecurity managed services provider and subcontractor operating through prime and subcontracts with government agencies. Cycurion Sub delivers services directly; SLG Innovation operates as a majority-revenue subsidiary serving state and local government clients via a Master Services Agreement with Axxum Technologies, with RCR Technology Corporation acting as an SLG subcontractor.

Geographic exposure

The filing does not specify geographic revenue breakdowns. Operations are focused on U.S. state and local government and higher education clients, with additional federal government civilian, defense, and judicial agency contracts referenced.

Source: SEC 10-K, filed 2026-03-31

Industry: Services-Computer Programming Services