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Side-by-side financial comparison of CISO Global, Inc. (CISO) and FRP HOLDINGS, INC. (FRPH). Click either name above to swap in a different company.

FRP HOLDINGS, INC. is the larger business by last-quarter revenue ($10.9M vs $6.3M, roughly 1.7× CISO Global, Inc.). FRP HOLDINGS, INC. runs the higher net margin — 1.3% vs -35.4%, a 36.6% gap on every dollar of revenue. On growth, FRP HOLDINGS, INC. posted the faster year-over-year revenue change (3.6% vs -15.4%). Over the past eight quarters, FRP HOLDINGS, INC.'s revenue compounded faster (3.8% CAGR vs -11.6%).

CISO Global, Inc. is a specialized cybersecurity services provider. It offers managed security monitoring, risk assessment, compliance advisory and incident response, serving North American SMEs, government and commercial clients across healthcare, retail and finance to help safeguard digital assets and mitigate cyber risks.

FRP Advisory is a business advisory firm based in the United Kingdom, providing restructuring, corporate finance, debt advisory, forensic accounting and financial advisory and is one of the UK’s largest specialists in the area of corporate restructuring.

CISO vs FRPH — Head-to-Head

Bigger by revenue
FRPH
FRPH
1.7× larger
FRPH
$10.9M
$6.3M
CISO
Growing faster (revenue YoY)
FRPH
FRPH
+19.0% gap
FRPH
3.6%
-15.4%
CISO
Higher net margin
FRPH
FRPH
36.6% more per $
FRPH
1.3%
-35.4%
CISO
Faster 2-yr revenue CAGR
FRPH
FRPH
Annualised
FRPH
3.8%
-11.6%
CISO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CISO
CISO
FRPH
FRPH
Revenue
$6.3M
$10.9M
Net Profit
$-2.2M
$139.0K
Gross Margin
28.6%
Operating Margin
-33.7%
15.4%
Net Margin
-35.4%
1.3%
Revenue YoY
-15.4%
3.6%
Net Profit YoY
59.8%
-91.8%
EPS (diluted)
$0.10
$0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CISO
CISO
FRPH
FRPH
Q4 25
$6.3M
$10.9M
Q3 25
$6.5M
$10.8M
Q2 25
$6.7M
$10.8M
Q1 25
$7.2M
$10.3M
Q4 24
$7.4M
$10.5M
Q3 24
$7.5M
$10.6M
Q2 24
$7.8M
$10.5M
Q1 24
$8.0M
$10.1M
Net Profit
CISO
CISO
FRPH
FRPH
Q4 25
$-2.2M
$139.0K
Q3 25
$2.5M
$662.0K
Q2 25
$-3.0M
$578.0K
Q1 25
$-5.4M
$1.7M
Q4 24
$-5.5M
$1.7M
Q3 24
$-3.7M
$1.4M
Q2 24
$-8.4M
$2.0M
Q1 24
$-6.6M
$1.3M
Gross Margin
CISO
CISO
FRPH
FRPH
Q4 25
28.6%
Q3 25
24.9%
Q2 25
24.4%
Q1 25
24.9%
Q4 24
24.8%
Q3 24
13.8%
Q2 24
12.0%
Q1 24
8.8%
Operating Margin
CISO
CISO
FRPH
FRPH
Q4 25
-33.7%
15.4%
Q3 25
-40.8%
12.6%
Q2 25
-34.7%
15.3%
Q1 25
-23.9%
22.6%
Q4 24
-26.1%
27.7%
Q3 24
-46.8%
29.0%
Q2 24
-54.3%
26.9%
Q1 24
-61.0%
28.4%
Net Margin
CISO
CISO
FRPH
FRPH
Q4 25
-35.4%
1.3%
Q3 25
39.2%
6.1%
Q2 25
-44.8%
5.3%
Q1 25
-75.1%
16.6%
Q4 24
-74.5%
16.0%
Q3 24
-49.0%
12.8%
Q2 24
-108.0%
19.5%
Q1 24
-82.4%
12.8%
EPS (diluted)
CISO
CISO
FRPH
FRPH
Q4 25
$0.10
$0.03
Q3 25
$-0.05
$0.03
Q2 25
$-0.09
$0.03
Q1 25
$-0.38
$0.09
Q4 24
$-0.47
$0.09
Q3 24
$-0.32
$0.07
Q2 24
$-0.69
$0.11
Q1 24
$-0.55
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CISO
CISO
FRPH
FRPH
Cash + ST InvestmentsLiquidity on hand
$1.7M
Total DebtLower is stronger
$192.6M
Stockholders' EquityBook value
$14.8M
$428.5M
Total Assets
$25.0M
$735.1M
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CISO
CISO
FRPH
FRPH
Q4 25
$1.7M
Q3 25
$1.1M
$134.9M
Q2 25
$760.8K
$153.2M
Q1 25
$1.8M
$142.9M
Q4 24
$992.6K
$148.6M
Q3 24
$443.1K
$144.7M
Q2 24
$1.1M
$156.9M
Q1 24
$1.5M
$152.5M
Total Debt
CISO
CISO
FRPH
FRPH
Q4 25
$192.6M
Q3 25
$2.1M
$185.3M
Q2 25
$9.9M
$180.4M
Q1 25
$10.6M
$178.3M
Q4 24
$11.7M
$178.9M
Q3 24
$11.9M
$178.8M
Q2 24
$12.8M
$178.8M
Q1 24
$15.1M
$178.7M
Stockholders' Equity
CISO
CISO
FRPH
FRPH
Q4 25
$14.8M
$428.5M
Q3 25
$16.3M
$427.7M
Q2 25
$7.6M
$426.7M
Q1 25
$7.0M
$425.2M
Q4 24
$1.1M
$423.1M
Q3 24
$3.0M
$420.9M
Q2 24
$5.6M
$419.1M
Q1 24
$11.2M
$416.1M
Total Assets
CISO
CISO
FRPH
FRPH
Q4 25
$25.0M
$735.1M
Q3 25
$25.1M
$731.3M
Q2 25
$25.8M
$722.8M
Q1 25
$27.8M
$717.1M
Q4 24
$26.7M
$728.5M
Q3 24
$26.6M
$726.9M
Q2 24
$43.2M
$711.9M
Q1 24
$47.5M
$705.7M
Debt / Equity
CISO
CISO
FRPH
FRPH
Q4 25
0.45×
Q3 25
0.13×
0.43×
Q2 25
1.31×
0.42×
Q1 25
1.52×
0.42×
Q4 24
10.20×
0.42×
Q3 24
3.92×
0.42×
Q2 24
2.27×
0.43×
Q1 24
1.35×
0.43×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CISO
CISO
FRPH
FRPH
Operating Cash FlowLast quarter
$-1.8M
$29.7M
Free Cash FlowOCF − Capex
$-21.5M
FCF MarginFCF / Revenue
-196.6%
Capex IntensityCapex / Revenue
468.5%
Cash ConversionOCF / Net Profit
213.50×
TTM Free Cash FlowTrailing 4 quarters
$-34.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CISO
CISO
FRPH
FRPH
Q4 25
$-1.8M
$29.7M
Q3 25
$-876.7K
$8.1M
Q2 25
$-2.3M
$8.7M
Q1 25
$-3.0M
$4.5M
Q4 24
$-259.0K
$29.0M
Q3 24
$-903.1K
$6.3M
Q2 24
$-1.3M
$12.2M
Q1 24
$-1.4M
$2.9M
Free Cash Flow
CISO
CISO
FRPH
FRPH
Q4 25
$-21.5M
Q3 25
$-16.9M
Q2 25
$2.6M
Q1 25
$1.4M
Q4 24
$-22.2M
Q3 24
$-28.2M
Q2 24
$-1.3M
$5.9M
Q1 24
$-1.5M
$-3.3M
FCF Margin
CISO
CISO
FRPH
FRPH
Q4 25
-196.6%
Q3 25
-157.0%
Q2 25
24.0%
Q1 25
13.6%
Q4 24
-210.9%
Q3 24
-265.7%
Q2 24
-16.4%
56.0%
Q1 24
-18.5%
-32.6%
Capex Intensity
CISO
CISO
FRPH
FRPH
Q4 25
468.5%
Q3 25
232.0%
Q2 25
55.9%
Q1 25
30.1%
Q4 24
0.0%
486.1%
Q3 24
0.0%
325.1%
Q2 24
0.1%
60.3%
Q1 24
0.9%
61.2%
Cash Conversion
CISO
CISO
FRPH
FRPH
Q4 25
213.50×
Q3 25
-0.35×
12.21×
Q2 25
15.00×
Q1 25
2.63×
Q4 24
17.18×
Q3 24
4.65×
Q2 24
5.96×
Q1 24
2.23×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CISO
CISO

Security Managed Services$5.4M87%
Other$823.3K13%

FRPH
FRPH

Other$5.6M51%
Multifamily Segment$5.3M49%

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