10-Q · May 14, 2026
CISO Global reported a decrease in revenue from $7.16 million in Q1 2025 to $6.22 million in Q1 2026, reflecting a decline in security managed and professional services. However, gross profit increased to $1.82 million,…
Earnings analysis · 10-Q
CISO earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
CISO Global produced approximately $6 million of revenue, flat sequentially but down 14.3% year over year, while diluted EPS improved to -$0.04 from -$0.19 in the prior quarter. The filing highlights severe liquidity…
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CISO Global produced approximately $6 million of revenue, flat sequentially but down 14.3% year over year, while diluted EPS improved to -$0.04 from -$0.19 in the prior quarter. The filing highlights severe liquidity pressure, including $721,771 of cash, an $8,518,124 working capital deficit, and $1,866,900 of required Series B-related payments. Management expects to need additional capital, and no quantitative revenue or EPS guidance was provided.
Reported figures
- Earnings per share
- $-0.04
What stood out
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Revenue Stable Sequentially
Revenue was approximately $6 million, unchanged from Q1 2026 but down 14.3% year over year, indicating stable sequential performance but continued annual contraction.
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EPS Loss Improved
Diluted EPS was -$0.04, improving from -$0.19 in the prior quarter, although the company remained loss-making.
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Disclosure Controls Effective
Management concluded that disclosure controls and procedures were effective as of June 30, 2026.
What to watch
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Severe Liquidity and Going Concern Risk
As of June 30, 2026, cash and cash equivalents were only $721,771 and the working capital deficit was $8,518,124. The company also incurred net losses and negative operating cash flows, conditions that raise substantial doubt about its ability to continue as a going concern.
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Mandatory Cash Payment Burden
Following the April 1, 2026 conversion of all outstanding Series B Preferred Stock, the company must make monthly cash payments of approximately $155,575 through May 2027, representing an aggregate obligation of $1,866,900. Management expects to require additional capital and warns that failure to raise it could force operating reductions or restructuring.
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Potential Goodwill Impairment
The filing adds goodwill and intangible-asset impairment as a material risk. Goodwill is tested at least annually, and an impairment charge could materially reduce earnings and financial condition if operating results or expected cash flows deteriorate.
Management's outlook
No quantitative revenue or EPS guidance was provided in the filing. Management states that additional capital will be required to fund operations and meet obligations, but does not quantify an operating outlook.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.