CISO Global, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 13, 2025
CISO$0.17-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive Loss
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue: | ||||
| Security managed services | $5,835,909 | $6,965,518 | $18,328,092 | $21,204,477 |
| Professional services | 480,351 | 437,209 | 1,572,978 | 1,835,932 |
| Cybersecurity software | 145,538 | 108,570 | 436,637 | 304,727 |
| Total revenue | 6,461,798 | 7,511,297 | 20,337,707 | 23,345,136 |
| Cost of revenue: | ||||
| Security managed services | 1,889,615 | 2,319,234 | 5,702,790 | 7,207,886 |
| Professional services | 45,720 | 84,947 | 168,459 | 375,111 |
| Cybersecurity software | 54,716 | 29,939 | 146,761 | 88,708 |
| Cost of payroll | 2,539,826 | 2,982,871 | 7,950,829 | 9,641,597 |
| Stock-based compensation | 324,607 | 1,060,238 | 1,343,112 | 3,357,635 |
| Total cost of revenue | 4,854,484 | 6,477,229 | 15,311,951 | 20,670,937 |
| Total gross profit | 1,607,314 | 1,034,068 | 5,025,756 | 2,674,199 |
| Operating expenses: | ||||
| Professional fees | 416,504 | 223,149 | 1,096,361 | 1,025,410 |
| Advertising and marketing | 311,911 | 1,339 | 840,943 | 34,099 |
| Selling, general and administrative | 2,572,001 | 3,083,920 | 7,858,988 | 10,667,794 |
| Stock-based compensation | 940,905 | 1,244,664 | 1,902,603 | 3,604,406 |
| Total operating expenses | 4,241,321 | 4,553,072 | 11,698,895 | 15,331,709 |
| Loss from operations | (2,634,007) | (3,519,004) | (6,673,139) | (12,657,510) |
| Gain on extinguishment of convertible notes, net | 5,296,103 | - | 4,432,434 | - |
| Change in fair value of derivative liability | - | - | 5,467,610 | - |
| Interest expense | (127,213) | (1,237,301) | (9,076,393) | (2,611,067) |
| Other (expense) income, net | (2,455) | 917,852 | (7,609) | 882,934 |
| Total other income (expense) | 5,166,435 | (319,449) | 816,042 | (1,728,133) |
| Income (loss) from continuing operations before income taxes | 2,532,428 | (3,838,453) | (5,857,097) | (14,385,643) |
| Benefit from income taxes | - | - | - | - |
| Income (loss) from continuing operations | 2,532,428 | (3,838,453) | (5,857,097) | (14,385,643) |
| Gain (loss) from discontinued operations, net of income taxes(1) | - | 160,567 | - | (4,338,318) |
| Net income (loss) | $2,532,428 | $(3,677,886) | $(5,857,097) | $(18,723,961) |
| Basic income (loss) per common share: | ||||
| Continuing operations | $0.07 | $(0.33) | $(0.23) | $(1.20) |
| Discontinued operations | - | 0.01 | - | (0.36) |
| Net income (loss) per share | $0.07 | $(0.32) | $(0.23) | $(1.56) |
| Diluted income (loss) per common share: | ||||
| Continuing operations | $(0.05) | $(0.33) | $(0.36) | $(1.20) |
| Discontinued operations | - | 0.01 | - | (0.36) |
| Net loss per share | $(0.05) | $(0.32) | $(0.36) | $(1.56) |
| Weighted-average shares used in computing net income (loss) per share: | ||||
| Basic | 33,398,602 | 11,693,367 | 26,565,334 | 12,001,220 |
| Diluted | 33,745,447 | 11,693,367 | 27,286,685 | 12,001,220 |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustments | $2,772 | $(680) | $5,491 | $(3,327) |
| Other comprehensive income (loss): | 2,772 | (680) | 5,491 | (3,327) |
| Comprehensive income (loss) | $2,535,200 | $(3,678,566) | $(5,851,606) | $(18,727,288) |
| (1) | Includes recognized loss on assets held for sale of $3,189,232 for the nine months ended September 30, 2024 |
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.