CISO Global Reports $6.46 Million Revenue in Q3 2025, Net Income Improves

CISO Global, Inc. reported a total revenue of $6.46 million for the third quarter of 2025, a decline of 13.9% from $7.51 million in the same period last year. The decrease was primarily driven by a 16% drop in revenue from security managed services, which fell to $5.84 million from $6.97 million. However, the company saw a 10% increase in professional services revenue, reaching $480,351, and a 34% rise in cybersecurity software revenue, totaling $145,538. For the nine months ending September 30, 2025, total revenue was $20.34 million, down from $23.35 million in the prior year.

CISO Global's financial performance showed signs of improvement in profitability, with a net income of $2.53 million for the third quarter, compared to a net loss of $3.68 million in the same quarter of 2024. The company reduced its loss from operations to $2.63 million from $3.52 million year-over-year. For the nine-month period, the net loss narrowed to $5.86 million from $18.72 million in the previous year, indicating a significant reduction in operational losses.

Strategically, CISO Global has made notable changes, including the conversion of approximately $9.3 million in convertible notes into Series A Preferred Stock, which resulted in a gain of $5.3 million on the extinguishment of debt. The company also entered into a Preferred Equity Purchase Agreement with B. Riley Principal Capital I, allowing it to issue up to $15 million in Series B Convertible Preferred Stock over the next 18 months. These moves are part of the company's strategy to strengthen its capital structure and improve liquidity.

Operationally, CISO Global has seen a reduction in total current liabilities, which decreased to $8.37 million from $24.96 million at the end of 2024. This reduction was largely due to decreased accounts payable and accrued expenses, as well as the conversion of debt into equity. The company reported a working capital deficit of $5.38 million as of September 30, 2025, an improvement from $21.47 million at the end of the previous year. The total employee headcount has also been adjusted, contributing to a decrease in payroll costs.

Looking ahead, CISO Global expressed concerns regarding its ability to continue as a going concern, citing expected further losses through the end of 2025 and a reliance on raising additional capital to fund operations. The company is actively evaluating strategies to secure funding, which may include equity financing and restructuring operations to enhance revenue and reduce expenses. The management's outlook remains cautious, emphasizing the need for effective execution of its strategic initiatives to achieve sustainable growth.