The company's solvency is under pressure, highlighted by a current ratio of 0.31 and a significant goodwill concentration of $21.2 million within a $31.4 million total asset base.
| Total Current Assets | 5.47M | 8M | 10.93M | 8.41M | 4.52M | 3.91K |
| Cash & Short-Term Investments | 2.03M | 5.26M | 38.74K | 607.87K | 96.19K | 3.91K |
| Cash Only | 2.03M | 5.26M | 38.74K | 607.87K | 96.19K | 3.91K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.34M | 2.69M | 10.79M | 7.75M | 4.41M | 0 |
| Days Sales Outstanding | 87.09 | 64.82 | 221.58 | 146.18 | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 106.93K | 60.13K | 101.26K | 56.02K | 15.1K | 0 |
| Total Non-Current Assets | 25.97M | 25.45M | 14.63M | 12.38M | 12.02M | 323.12K |
| Property, Plant & Equipment | 0 | 0 | 4.17M | 33.66K | 3.41M | 0 |
| Fixed Asset Turnover | 3453.47x | - | 4.26x | 574.83x | - | - |
| Goodwill | 21.24M | 20.84M | 6.59M | 6.59M | 6.59M | 0 |
| Intangible Assets | 0 | 0 | 4.18M | 3.75M | 0 | 0 |
| Long-Term Investments | 0 | 0 | 1.83M | 0 | 0 | 0 |
| Other Non-Current Assets | 4.74M | 4.61M | -2.14M | 2.01M | 2.01M | 323.12K |
| Total Assets | 31.45M | 33.45M | 25.56M | 20.8M | 16.54M | 327.03K |
| Asset Turnover | 0.45x | 0.45x | 0.70x | 0.93x | - | - |
| Asset Growth % | 1089.83% | 30.86% | 22.93% | 25.76% | 4956.27% | - |
| Total Current Liabilities | 17.46M | 16.91M | 18.74M | 14.11M | 9.89M | 313.4K |
| Accounts Payable | 1.44M | 1.31M | 3.55M | 2.07M | 1.15M | 0 |
| Days Payables Outstanding | 73.18 | 35.49 | 91.73 | 45.15 | - | - |
| Short-Term Debt | 0 | 0 | 10.07M | 9.63M | 7.11M | 80K |
| Deferred Revenue (Current) | 0 | 0 | 330K | 253.9K | 11.8K | 0 |
| Other Current Liabilities | 16.02M | 15.59M | 0 | 0 | 0 | 233.4K |
| Current Ratio | 0.31x | 0.47x | 0.58x | 0.60x | 0.46x | 0.01x |
| Quick Ratio | 0.31x | 0.47x | 0.58x | 0.60x | 0.46x | 0.01x |
| Cash Conversion Cycle | 13.91 | - | - | - | - | - |
| Total Non-Current Liabilities | 300K | 300K | 1.44M | 1.44M | 1.63M | 0 |
| Long-Term Debt | 0 | 0 | 146.8K | 146.8K | 333.34K | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 300K | 300K | 1.29M | 1.29M | 1.29M | 0 |
| Total Liabilities | 17.76M | 17.21M | 20.18M | 15.55M | 11.52M | 313.4K |
| Total Debt | 0 | 0 | 10.22M | 9.78M | 7.57M | 80K |
| Net Debt | -2.03M | -5.26M | 10.18M | 9.17M | 7.47M | 76.09K |
| Debt / Equity | 0.00x | - | 1.90x | 1.86x | 1.51x | 5.87x |
| Debt / EBITDA | -0.00x | - | 4.18x | 27.75x | - | - |
| Net Debt / EBITDA | 0.13x | - | 4.16x | 26.03x | - | - |
| Interest Coverage | -8.16x | -12.64x | 2.02x | -0.01x | - | - |
| Total Equity | 13.68M | 16.24M | 5.38M | 5.25M | 5.02M | 13.63K |
| Equity Growth % | 2221.55% | 201.64% | 2.65% | 4.6% | 36701.12% | - |
| Book Value per Share | 3.00 | 9.23 | 13.49 | 13.15 | 12.57 | 0.03 |
| Total Shareholders' Equity | 17.97M | 20.1M | 5.38M | 5.25M | 5.02M | 13.63K |
| Common Stock | 551 | 364 | 1.92M | 1.03K | 14.64K | 287 |
| Retained Earnings | -29.01M | -26.88M | -3.2M | -4.43M | -2.34M | -11.37K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -4.29M | -3.86M | 0 | 0 | 0 | 0 |
Liquidity and capital exhaustion
As reported in recent financial statements, Cycurion's balance sheet has undergone significant volatility, with total assets fluctuating from a low of $2.7 million in 2024Q2 to $31.4 million in 2026Q1, reflecting an unstable capital structure that appears increasingly disconnected from the company's underlying operational performance.
The erratic movement in total assets suggests that the company's growth trajectory is driven by inorganic adjustments rather than organic business expansion. Investors should monitor whether these asset fluctuations indicate future impairment risks, as the current trajectory appears to prioritize balance sheet expansion over sustainable value creation.
Based on the most recent quarterly data, Cycurion maintains a current ratio of 0.31, which, according to SEC filings, highlights a severe inability to cover short-term obligations with existing liquid assets, leaving the company with a precarious cash buffer of only $2.0 million as of 2026Q1.
The consistently low current ratio, which has remained well below 1.0 for the majority of the last ten quarters, suggests that the company is operating in a state of perpetual liquidity stress. This lack of a safety margin implies that any further operational delays or contract churn could necessitate immediate and potentially dilutive external financing.
According to the provided balance sheet data, goodwill accounts for $21.2 million of the company's $31.4 million in total assets as of 2026Q1, representing a significant portion of the firm's book value that warrants further investigation regarding potential impairment risks in future reporting periods.
The heavy reliance on intangible assets like goodwill suggests that the company's asset base is not backed by tangible, productive capital, but rather by historical acquisition premiums. This composition leaves the balance sheet highly sensitive to downward revisions if the underlying business units fail to meet performance expectations.
As indicated by the historical financial data, Cycurion's equity has faced extreme pressure, including a negative equity position of $689,000 in 2024Q2, which underscores the severe impact of persistent net losses and the accumulation of a $29.0 million deficit in retained earnings by 2026Q1.
The consistent depletion of retained earnings suggests that the company has been unable to generate profitable growth, forcing a reliance on equity-based financing to remain operational. This trend of equity erosion may indicate that shareholders are bearing the brunt of the company's inability to achieve a sustainable business model.
Quick answers to the most common questions about buying CYCU stock.
As of 2025, Cycurion, Inc. Common Stock (CYCU) had total assets of $33.5M including $8.0M in current assets.
Cycurion, Inc. Common Stock (CYCU) carries total debt of $0.0M, offset by $5.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Cycurion, Inc. Common Stock (CYCU) has total shareholders' equity (book value) of $20.1M ($9.23 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Cycurion, Inc. Common Stock (CYCU) reported a current ratio of 0.47x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.