CISO Global Reports $6.71 Million Revenue, Sees 14% Decline in Q2 2025

CISO Global, Inc. reported a total revenue of $6.71 million for the three months ended June 30, 2025, a decrease of 14% from $7.81 million in the same period last year. The decline was primarily driven by a 15% drop in revenue from security managed services, which fell to $6.05 million, and a 17% decrease in professional services revenue, which totaled $522,804. In contrast, revenue from cybersecurity software increased by 50% to $143,833, reflecting a growing adoption of the company's Checklight cybersecurity software. For the first half of 2025, total revenue was $13.88 million, down from $15.83 million in the prior year.

The company's financial performance showed a significant improvement in gross profit, which rose to $1.64 million for the second quarter, compared to $933,909 in the same quarter of 2024. This increase was attributed to a reduction in total cost of revenue, which decreased by 26% to $5.08 million. Operating expenses also declined, leading to a reduced loss from operations of $2.33 million for the quarter, down from $4.24 million a year earlier. However, the net loss for the quarter was $3.01 million, compared to a loss of $4.94 million in the same period last year.

CISO Global's balance sheet reflected a decrease in total current liabilities, which fell to $17.80 million from $24.96 million at the end of 2024. This reduction was primarily due to lower accounts payable and accrued expenses, as well as a decrease in debt obligations. The company reported total assets of $25.79 million, down from $26.65 million at the end of the previous fiscal year. The stockholders' equity increased significantly to $7.55 million, compared to $1.15 million at the end of 2024, largely due to the issuance of common stock and the conversion of convertible notes into equity.

In terms of strategic developments, CISO Global has been focusing on enhancing its service offerings and expanding its market presence. The company has initiated a shelf registration statement to raise up to $100 million through the issuance of various securities, which it plans to use for operational funding and potential acquisitions. The company is also actively pursuing additional debt and equity financing to improve liquidity and support its growth initiatives. However, CISO Global acknowledged substantial doubt about its ability to continue as a going concern, emphasizing the need for additional capital to sustain operations through the end of 2025.

Looking ahead, CISO Global anticipates further losses as it continues to invest in its business and expand its service offerings. The company is committed to reducing overhead costs and enhancing operational efficiency while seeking to attract new customers and retain existing ones. The management remains optimistic about the long-term growth potential of its cybersecurity solutions, particularly as demand for robust cybersecurity measures continues to rise in an increasingly digital landscape.