CISO Global Inc. (CISO) is a Technology stock, with a market capitalization of $12.29M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Understand CISO Global Inc.: how it makes money
CISO Global operates in technology business services, but the company generates negligible revenue and runs at a loss. The shape to hold: a 25% gross margin gets more than erased by overhead, leaving a 26% negative operating margin on every dollar of the shrinking top line.
The profit model is mechanically inverted: direct costs leave only about a quarter of revenue as gross profit, and the remaining two-thirds-plus of the cost base consumes and exceeds that, so the business cannot cover its own operating expenses at current scale.
Business quality (Unprofitable): Unprofitable. The cost structure has not contracted in step with the declining top line, and the gap between gross and operating margin shows overhead is the dominant driver of losses.
Bull case
Gross margin shows viable unit economics: A 25% gross margin (kpi) indicates the underlying service does generate more revenue than it spends in direct costs, so the loss is a fixed-cost problem rather than a fundamental pricing failure. If overhead were trimmed proportionally, a path to breakeven would exist.
Bear case
Overhead overwhelms every dollar earned: Operating margin sits at -26% (kpi), meaning the company loses more than a quarter of every revenue dollar after covering all operating expenses. This is not a temporary dip; it is the structural state of the cost base relative to a negligible and shrinking revenue base.
Wide spread signals unabsorbed fixed costs: The roughly 50-point gap between 25% gross margin and -26% operating margin (kpi) shows that overhead is more than double the gross profit. Until the top line grows substantially or the cost base is cut dramatically, this spread will keep producing losses regardless of modest revenue fluctuations.
Valuation — source: SEC EDGAR (first-party)
Market Cap
$12.29M
EV / EBITDA
-2.4
Price / Book
0.99
Price / Sales
0.50
FCF Yield
-29.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)
$26.61M
Net Margin
-30.3%
Return on Equity
-23.1%
Debt / Equity
0.33
Current Ratio
0.23
Revenue Growth (YoY)
-13.7%
EPS Growth (YoY)
-55.6%
Financial Health — source: SEC EDGAR
Altman Z-Score
-10.23 (distress)
Piotroski F-Score
5/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Technology)
34.1
Industry P/E (Business Services)
30.0
Company
Sector
Technology
Industry
Business Services
Related Companies (Business Services; 8 comparable business services companies)