CISO

MKT CAP:$8M

CISO Global Inc.

Market Cap

$8M

Technology·Software - Infrastructure·🇺🇸 United States·NASDAQ

Technology·Software Infra·🇺🇸·NASDAQ

Stock Price

$0.28-$0.21 (-42.94%)

Apr 22, 2026

Company Details

CISO Global Inc. operates as a cybersecurity, compliance, and software company in the United States, Chile, and internationally. The company offers security managed services, including compliance, secured managed, and cyber defense operatio...

CEO

David G. Jemmett

IPO Date

Jan 14, 2022

Website

www.ciso.inc

Key Metrics TTM

Revenue

$27M

-23.0% YoY

Net Income

-$8M

EPS (Diluted)

-$0.48

Free Cash Flow

-$8M

Revenue / Share

$0.87

Gross Margin

25.6%

Operating Margin

-33.0%

Net Margin

-30.3%

FCF Margin

-30.0%

P/S

0.3x

P/E

—

Earnings Reports

FY 2025

Mar 27, 2026

$27M-13.5%EPS -$0.42

Q4 2025

Mar 27, 2026

$6M-15.4%EPS -$0.07

Q3 2025

Nov 13, 2025

$6M-14.0%EPS $0.07

Q2 2025

Aug 14, 2025

$7M-14.0%EPS -$0.09

Q1 2025

May 15, 2025

$7M-39.5%EPS -$0.38

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$6M	$28.9K	-$33M
Q1 22	$9M	$48.7K	-$8M
Q3 22	$11M	$923.5K	-$8M
Q4 22	$15M	$987.6K	-$9M
Q1 23	$14M	$399.1K	-$35M
Q2 23	$8M	$132.1K	-$24M
Q3 23	$9M	$2M	-$4M
Q4 23	$8M	$947.9K	-$10M
Q1 24	$12M	$989.4K	-$6M
Q2 24	$8M	$933.9K	-$4M
Q3 24	$8M	$1M	-$4M
Q4 24	$7M	$2M	-$2M
Q1 25	$7M	$2M	-$2M
Q2 25	$7M	$2M	-$2M
Q3 25	$6M	$2M	-$3M
Q4 25	$6M	$2M	-$2M

Valuation

Quarter	P/S	P/E
Q4 21	529.8x	—
Q1 22	596.3x	—
Q3 22	14.8x	—
Q4 22	7.4x	—
Q1 23	1.1x	—
Q2 23	0.7x	—
Q3 23	0.6x	—
Q4 23	0.6x	—
Q1 24	0.4x	—
Q2 24	0.2x	—
Q3 24	0.2x	—
Q4 24	1.1x	—
Q1 25	0.2x	—
Q2 25	0.6x	—
Q3 25	1.2x	—
Q4 25	0.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	-$3M	-$3M
Q1 22	-$3M	-$3M
Q3 22	-$4M	-$5M
Q4 22	-$3M	-$3M
Q1 23	-$2M	-$2M
Q2 23	-$3M	-$3M
Q3 23	-$1M	-$1M
Q4 23	$784.4K	$737.0K
Q1 24	-$1M	-$1M
Q2 24	-$1M	-$1M
Q3 24	-$903.1K	-$903.1K
Q4 24	-$259.0K	-$259.0K
Q1 25	-$3M	-$3M
Q2 25	-$2M	-$2M
Q3 25	-$876.7K	-$876.7K
Q4 25	-$2M	-$2M

Capital Expenditures

Quarter	CapEx
Q4 21	$3
Q1 22	$103.9K
Q3 22	$310.5K
Q4 22	$1.3K
Q1 23	$182.8K
Q2 23	$34.0K
Q3 23	$17.4K
Q4 23	$47.4K
Q1 24	$75.6K
Q2 24	$7.5K
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$0
Q4 25	$7.5K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+125.4%	+976.2%
Q1 22	+264.5%	+303.9%
Q3 22	+281.5%	+293.3%
Q4 22	+293.6%	+250.0%
Q1 23	+133.1%	+25.1%
Q2 23	-9.1%	+86.2%
Q3 23	-22.8%	-35.7%
Q4 23	-44.6%	-26.8%
Q1 24	-13.8%	-63.7%
Q2 24	-8.0%	-62.5%
Q3 24	-13.5%	-12.8%
Q4 24	-9.4%	-47.2%
Q1 25	-39.5%	-49.5%
Q2 25	-14.0%	-25.0%
Q3 25	-14.0%	-17.5%
Q4 25	-15.4%	-10.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$0	0.0%
Q1 22	$5M	51.1%
Q3 22	$3M	23.5%
Q4 22	$7M	47.3%
Q1 23	$5M	39.3%
Q2 23	$4M	44.9%
Q3 23	$714.2K	8.2%
Q4 23	$2M	27.9%
Q1 24	$2M	18.6%
Q2 24	$2M	31.4%
Q3 24	$2M	30.7%
Q4 24	$2M	27.7%
Q1 25	$858.5K	12.0%
Q2 25	$1M	16.7%
Q3 25	$1M	19.6%
Q4 25	$261.9K	4.2%

OpEx Breakdown

Quarter	G&A	S&M
Q4 21	$494.3K	$36.7K
Q1 22	$8M	$155.3K
Q3 22	$9M	$245.5K
Q4 22	$10M	$162.9K
Q1 23	$15M	$115.4K
Q2 23	$7M	$47.2K
Q3 23	$645.2K	$116.3K
Q4 23	$513.8K	$179.3K
Q1 24	$7M	$28.3K
Q2 24	$5M	$6.3K
Q3 24	$5M	$1.3K
Q4 24	$4M	—
Q1 25	$3M	$3.7K
Q2 25	$3M	$525.3K
Q3 25	$4M	$311.9K
Q4 25	$4M	$171.2K

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q4 21	125.4%	-180.3%	-55.0
Q1 22	264.5%	-79.3%	185.2
Q3 22	281.5%	-65.4%	216.1
Q4 22	293.6%	-57.8%	235.8
Q1 23	133.1%	-246.3%	-113.2
Q2 23	-9.1%	-266.1%	-275.2
Q3 23	-22.8%	-38.7%	-61.6
Q4 23	-44.6%	-94.8%	-139.4
Q1 24	-13.8%	-41.6%	-55.4
Q2 24	-8.0%	-47.4%	-55.4
Q3 24	-13.5%	-27.4%	-40.9
Q4 24	-9.4%	-53.6%	-63.0
Q1 25	-39.5%	44.5%	5.0
Q2 25	-14.0%	-29.9%	-43.9
Q3 25	-14.0%	45.8%	31.9
Q4 25	-15.4%	-26.2%	-41.6

Rule of 40

Revenue Segments

Quarter	Cybersecurity Software	Professional Services	Security Managed Services
Q2 25	$143.8K	$625.7K	$6M
Q3 25	$145.5K	$480.4K	$6M

Revenue by Geography

Quarter	Chile	United States	All Other Countries
Q1 22	$923.2K	$8M	—
Q3 22	$2M	$9M	$104.0K
Q1 23	$5M	$9M	$234.5K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$4M	$0	$4M
Q2 22	$9M	$0	$9M
Q3 22	$5M	$0	$5M
Q4 22	$2M	$0	$2M
Q1 23	$4M	$0	$4M
Q2 23	$2M	$0	$2M
Q3 23	$770.5K	$0	$770.5K
Q4 23	$241.6K	$0	$241.6K
Q1 24	$2M	$0	$2M
Q2 24	$1M	$0	$1M
Q3 24	$443.1K	$0	$443.1K
Q4 24	$992.6K	$0	$992.6K
Q1 25	$2M	$0	$2M
Q2 25	$760.8K	$0	$760.8K
Q3 25	$1M	$0	$1M
Q4 25	$2M	$0	$2M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	119M	+1.0%	+5.0%
Q1 22	134M	+12.7%	+15.1%
Q3 22	9M	-92.9%	-91.9%
Q4 22	10M	+2.9%	-91.7%
Q1 23	10M	+1.0%	-91.7%
Q2 23	11M	+11.7%	-91.8%
Q3 23	12M	+7.9%	+25.1%
Q4 23	12M	+0.7%	+22.4%
Q1 24	12M	+0.1%	+21.4%
Q2 24	12M	+2.1%	+11.0%
Q3 24	12M	-4.3%	-1.5%
Q4 24	12M	+2.2%	+0.1%
Q1 25	14M	+18.8%	+18.7%
Q2 25	32M	+124.1%	+160.7%
Q3 25	34M	+6.0%	+188.6%
Q4 25	31M	-9.3%	+155.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$31.7K	186
Q1 22	$50.2K	186
Q3 22	$60.5K	186
Q4 22	$32.8K	449
Q1 23	$30.6K	449
Q2 23	$18.9K	449
Q3 23	$19.3K	449
Q4 23	$20.3K	402
Q1 24	$29.4K	402
Q2 24	$19.4K	402
Q3 24	$18.7K	402
Q4 24	$51.8K	143
Q1 25	$50.1K	143
Q2 25	$46.9K	143
Q3 25	$45.2K	143
Q4 25	$50.1K	125

Revenue / Employee