Liquidity remains severely impaired with a current ratio of 0.29 as of 2026Q1, highlighting significant risks to the company's ability to meet near-term obligations.
| Total Current Assets | 2.24M | 3.26M | 3.48M | 26.29M | 14.4M | 9.25M | 6.35M | 2.48M | 256.01K | 147.09K |
| Cash & Short-Term Investments | 640.08K | 1.7M | 992.59K | 241.64K | 1.83M | 2.73M | 5.2M | 1.88M | 80.01K | 41.06K |
| Cash Only | 640.08K | 1.7M | 992.59K | 241.64K | 1.83M | 2.73M | 5.2M | 1.88M | 80.01K | 41.06K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.45M | 1.29M | 2.02M | 3M | 8.19M | 4.84M | 1.01M | 531.97K | 176K | 106.02K |
| Days Sales Outstanding | 21.47 | 17.74 | 23.94 | 19.18 | 64.25 | 116.68 | 50.75 | 101.77 | 100.12 | 64.29 |
| Inventory | 0 | 0 | 0 | 218.89K | 11.8K | 727.97K | 0 | 64.5K | 0 | 0 |
| Days Inventory Outstanding | - | - | - | 1.57 | 0.1 | 19.93 | - | 25.15 | - | - |
| Other Current Assets | 0 | 0 | 0 | 22.38M | 0 | 229.7K | 0 | 5.78K | 0 | 0 |
| Total Non-Current Assets | 21.54M | 21.76M | 23.17M | 25.36M | 90.1M | 26.56M | 6.3M | 2.02M | 0 | 1.25K |
| Property, Plant & Equipment | 735.5K | 820.45K | 1.27M | 1.81M | 4.94M | 2.13M | 94.06K | 10.9K | 0 | 0 |
| Fixed Asset Turnover | 29.35x | 32.43x | 24.26x | 31.44x | 9.43x | 7.10x | 76.98x | 175.04x | - | - |
| Goodwill | 19.9M | 19.9M | 19.9M | 19.9M | 76.66M | 16.79M | 4.1M | 922.58K | 0 | 0 |
| Intangible Assets | 694.21K | 881.08K | 1.8M | 3.55M | 8.48M | 6.54M | 2.11M | 1.08M | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 1.09M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 214.7K | 161.96K | 202.94K | 102.55K | 22.59K | 1.09M | 0 | 0 | 0 | 1.25K |
| Total Assets | 23.79M | 25.03M | 26.65M | 51.66M | 104.5M | 35.81M | 12.65M | 4.5M | 256.01K | 148.34K |
| Asset Turnover | 1.03x | 1.06x | 1.15x | 1.10x | 0.45x | 0.42x | 0.57x | 0.42x | 2.51x | 4.06x |
| Asset Growth % | -66.68% | -6.1% | -48.4% | -50.57% | 191.79% | 183.17% | 181.22% | 1656.68% | 72.59% | - |
| Total Current Liabilities | 7.85M | 7.74M | 24.96M | 29.76M | 23.21M | 5.14M | 3.86M | 578.69K | 19.88K | 30.5K |
| Accounts Payable | 3.17M | 2.68M | 6.11M | 4.77M | 5.27M | 1.7M | 328.37K | 119.34K | 14K | 30.5K |
| Days Payables Outstanding | 64.36 | 49.49 | 84.97 | 34.11 | 43.87 | 46.54 | 27.45 | 46.53 | 44.56 | 76.29 |
| Short-Term Debt | 2.28M | 2.26M | 11.68M | 3.91M | 10.31M | 1.71M | 3M | 109.79K | 0 | 0 |
| Deferred Revenue (Current) | 3.49M | 1.02M | 1.37M | 1.37M | 4.47M | 52.82K | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 901.85K | 0 | 4.84M | 16.67M | 0 | 996.22K | 46K | 0 | 5.88K | 0 |
| Current Ratio | 0.29x | 0.42x | 0.14x | 0.88x | 0.62x | 1.80x | 1.64x | 4.28x | 12.88x | 4.82x |
| Quick Ratio | 0.29x | 0.42x | 0.14x | 0.88x | 0.62x | 1.66x | 1.64x | 4.17x | 12.88x | 4.82x |
| Cash Conversion Cycle | -42.89 | - | - | -13.36 | 20.48 | 90.07 | - | 80.39 | - | - |
| Total Non-Current Liabilities | 235.53K | 2.47M | 549.75K | 5.76M | 4.84M | 5.37M | 1.04M | 0 | 200K | 0 |
| Long-Term Debt | 0 | 3.6K | 37.27K | 5.07M | 4.24M | 5.28M | 1.04M | 0 | 200K | 0 |
| Capital Lease Obligations | 1.15M | 260.57K | 428.07K | 596.31K | 159.21K | 88.04K | 4.69K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 435.68K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 2.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 8.09M | 10.21M | 25.51M | 35.52M | 28.05M | 10.51M | 4.91M | 578.69K | 219.88K | 30.5K |
| Total Debt | 2.49M | 2.7M | 12.32M | 9.8M | 14.83M | 7.28M | 4.05M | 109.79K | 200K | 0 |
| Net Debt | 1.85M | 1.01M | 11.33M | 9.55M | 13M | 4.56M | -1.15M | -1.77M | 119.99K | -41.06K |
| Debt / Equity | 0.16x | 0.18x | 10.72x | 0.61x | 0.19x | 0.29x | 0.52x | 0.03x | 5.54x | - |
| Debt / EBITDA | -0.34x | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.26x | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -2.83x | 0.12x | -4.55x | -27.00x | -48.60x | -126.36x | -198.01x | -113.26x | - | - |
| Total Equity | 15.7M | 14.82M | 1.15M | 16.14M | 76.45M | 25.3M | 7.74M | 3.92M | 36.13K | 117.83K |
| Equity Growth % | 1786.55% | 1189.74% | -92.88% | -78.89% | 202.18% | 226.79% | 97.56% | 10746.24% | -69.34% | - |
| Book Value per Share | 0.51 | 0.48 | 0.10 | 1.45 | 8.24 | 0.20 | 0.07 | 0.04 | 0.00 | 0.02 |
| Total Shareholders' Equity | 15.7M | 14.82M | 1.15M | 16.14M | 76.45M | 25.3M | 7.74M | 3.92M | 36.13K | 117.83K |
| Common Stock | 458 | 451 | 123 | 119 | 97 | 1.26K | 1.16K | 1.14K | 700 | 117.83K |
| Retained Earnings | -191.93M | -190.34M | -182.26M | -158.02M | -77.79M | -44.01M | -4.87M | -1.45M | 25.44K | 0 |
| Treasury Stock | -290.74K | -290.74K | -290.74K | 0 | 0 | 0 | 0 | -2.4M | 0 | 0 |
| Accumulated OCI | -4.29K | -10.69K | -4.78K | 1.32M | 1.06M | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and insolvency risk
As reported in recent financial statements, CISO's current ratio has plummeted to 0.29 in 2026Q1, indicating that the company's liquid assets are insufficient to cover its near-term obligations, a trend that warrants significant concern regarding the firm's ability to sustain its current operational footprint without external financing.
The persistent decline in the current ratio from 0.88 in 2023Q4 to current levels suggests a rapidly narrowing margin of safety. This liquidity crunch appears to leave the company with virtually no buffer to absorb unexpected operational shocks or to fund the working capital requirements of its service-heavy business model.
Based on the provided balance sheet data, CISO's debt-to-equity ratio has fluctuated wildly, reaching a peak of 10.72 in 2024Q4 before settling at 0.16 in 2026Q1, which suggests that the company's capital structure is highly sensitive to equity dilution and ongoing efforts to manage its debt burden.
While the headline debt-to-equity ratio appears lower in the most recent quarter, this likely reflects significant equity dilution rather than successful deleveraging. Investors should monitor whether the company's reliance on debt to fund its roll-up strategy remains viable given the current lack of positive cash flow generation.
According to quarterly filings, goodwill accounts for $19.9M of the company's $23.8M in total assets as of 2026Q1, indicating that the vast majority of the balance sheet is comprised of intangible acquisition premiums rather than tangible assets capable of generating consistent, high-margin cash flows.
This heavy concentration in goodwill suggests that the company's asset base is highly susceptible to impairment risk if the acquired boutique firms fail to meet performance expectations. The minimal investment in net PPE, currently at $735.5K, further underscores the service-oriented, asset-light nature of the business, which lacks the proprietary infrastructure to scale efficiently.
As indicated by the company's financial records, retained earnings have deteriorated to a deficit of $191.9M by 2026Q1, reflecting a consistent pattern of value destruction that has significantly eroded the company's equity base over the observed ten-quarter period.
The persistent accumulation of negative retained earnings suggests that the company's historical capital allocation strategy has failed to produce profitable growth. This trend appears to signal that shareholders are bearing the brunt of the company's inability to achieve operational scale, necessitating further scrutiny of the firm's long-term viability.
Quick answers to the most common questions about buying CISO stock.
As of 2025, CISO Global Inc. (CISO) had total assets of $25.0M including $3.3M in current assets.
CISO Global Inc. (CISO) carries total debt of $2.7M, offset by $1.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
CISO Global Inc. (CISO) has total shareholders' equity (book value) of $14.8M ($0.48 book value per share). Book value represents the net worth of the company belonging to common stock holders.
CISO Global Inc. (CISO) reported a current ratio of 0.42x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.