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Side-by-side financial comparison of Cycurion, Inc. (CYCU) and NovaBay Pharmaceuticals, Inc. (NBY). Click either name above to swap in a different company.

NovaBay Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($4.8M vs $3.5M, roughly 1.3× Cycurion, Inc.). NovaBay Pharmaceuticals, Inc. runs the higher net margin — -25.5% vs -141.2%, a 115.7% gap on every dollar of revenue. On growth, NovaBay Pharmaceuticals, Inc. posted the faster year-over-year revenue change (126.1% vs -13.1%). NovaBay Pharmaceuticals, Inc. produced more free cash flow last quarter ($-1.7M vs $-3.5M). Over the past eight quarters, NovaBay Pharmaceuticals, Inc.'s revenue compounded faster (42.5% CAGR vs -8.6%).

NovaBay Pharmaceuticals, Inc. is an Emeryville, California based clinical-stage biopharmaceutical company, focused on products for eye care. Major products include Avenova, cleared by FDA for lid and lash cleansing as part of a regimen for Blepharitis. and NeutroPhase, used in treatment of Necrotizing Fasciitis

CYCU vs NBY — Head-to-Head

Bigger by revenue
NBY
NBY
1.3× larger
NBY
$4.8M
$3.5M
CYCU
Growing faster (revenue YoY)
NBY
NBY
+139.2% gap
NBY
126.1%
-13.1%
CYCU
Higher net margin
NBY
NBY
115.7% more per $
NBY
-25.5%
-141.2%
CYCU
More free cash flow
NBY
NBY
$1.8M more FCF
NBY
$-1.7M
$-3.5M
CYCU
Faster 2-yr revenue CAGR
NBY
NBY
Annualised
NBY
42.5%
-8.6%
CYCU

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
CYCU
CYCU
NBY
NBY
Revenue
$3.5M
$4.8M
Net Profit
$-5.0M
$-1.2M
Gross Margin
12.1%
65.2%
Operating Margin
-141.7%
-37.2%
Net Margin
-141.2%
-25.5%
Revenue YoY
-13.1%
126.1%
Net Profit YoY
-546.8%
70.5%
EPS (diluted)
$-11.09

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
CYCU
CYCU
NBY
NBY
Q4 25
$3.5M
Q3 25
$3.8M
Q2 25
$3.9M
Q1 25
$3.9M
Q4 24
$4.1M
$4.8M
Q3 24
$4.5M
$0
Q2 24
$5.0M
$2.4M
Q1 24
$4.2M
$2.6M
Net Profit
CYCU
CYCU
NBY
NBY
Q4 25
$-5.0M
Q3 25
$-3.1M
Q2 25
$-5.3M
Q1 25
$-10.2M
Q4 24
$1.1M
$-1.2M
Q3 24
$116.1K
$-1.2M
Q2 24
$306.1K
$-1.6M
Q1 24
$-312.5K
$-3.2M
Gross Margin
CYCU
CYCU
NBY
NBY
Q4 25
12.1%
Q3 25
7.1%
Q2 25
6.1%
Q1 25
17.5%
Q4 24
37.9%
65.2%
Q3 24
16.1%
Q2 24
20.5%
66.3%
Q1 24
8.2%
68.2%
Operating Margin
CYCU
CYCU
NBY
NBY
Q4 25
-141.7%
Q3 25
-118.2%
Q2 25
-96.9%
Q1 25
-260.9%
Q4 24
31.9%
-37.2%
Q3 24
9.4%
Q2 24
14.6%
-67.4%
Q1 24
-0.8%
-87.1%
Net Margin
CYCU
CYCU
NBY
NBY
Q4 25
-141.2%
Q3 25
-81.5%
Q2 25
-136.1%
Q1 25
-264.8%
Q4 24
27.5%
-25.5%
Q3 24
2.6%
Q2 24
6.1%
-66.0%
Q1 24
-7.4%
-122.2%
EPS (diluted)
CYCU
CYCU
NBY
NBY
Q4 25
$-11.09
Q3 25
$-1.59
Q2 25
$-0.15
Q1 25
$-0.56
Q4 24
$1.56
Q3 24
$0.11
$-1.92
Q2 24
$0.01
$-1.37
Q1 24
$-0.02
$-29.95

Balance Sheet & Financial Strength

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

Metric
CYCU
CYCU
NBY
NBY
Cash + ST InvestmentsLiquidity on hand
$5.3M
$430.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$20.1M
$-129.0K
Total Assets
$33.5M
$3.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CYCU
CYCU
NBY
NBY
Q4 25
$5.3M
Q3 25
$3.7M
Q2 25
$1.0M
Q1 25
Q4 24
$38.7K
$430.0K
Q3 24
$776.0K
Q2 24
$751.0K
Q1 24
$1.8M
Stockholders' Equity
CYCU
CYCU
NBY
NBY
Q4 25
$20.1M
Q3 25
$19.1M
Q2 25
$14.0M
Q1 25
$12.9M
Q4 24
$3.5M
$-129.0K
Q3 24
$-3.7M
$1.1M
Q2 24
$-3.4M
$-617.0K
Q1 24
$-2.8M
$160.0K
Total Assets
CYCU
CYCU
NBY
NBY
Q4 25
$33.5M
Q3 25
$32.3M
Q2 25
$30.7M
Q1 25
$31.5M
Q4 24
$25.6M
$3.4M
Q3 24
$2.9M
$3.9M
Q2 24
$2.7M
$3.9M
Q1 24
$3.1M
$5.4M

Cash Flow & Capital Efficiency

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

Metric
CYCU
CYCU
NBY
NBY
Operating Cash FlowLast quarter
$-3.3M
$-1.7M
Free Cash FlowOCF − Capex
$-3.5M
$-1.7M
FCF MarginFCF / Revenue
-98.8%
-35.4%
Capex IntensityCapex / Revenue
5.3%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-12.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CYCU
CYCU
NBY
NBY
Q4 25
$-3.3M
Q3 25
$-2.5M
Q2 25
$-3.6M
Q1 25
$-2.7M
Q4 24
$-205.7K
$-1.7M
Q3 24
$-315.2K
$-2.4M
Q2 24
$-578.0K
$-1.4M
Q1 24
$-272.4K
$-2.0M
Free Cash Flow
CYCU
CYCU
NBY
NBY
Q4 25
$-3.5M
Q3 25
$-2.6M
Q2 25
$-3.7M
Q1 25
$-2.8M
Q4 24
$-310.7K
$-1.7M
Q3 24
$-420.2K
Q2 24
$-711.0K
Q1 24
$-377.4K
$-2.0M
FCF Margin
CYCU
CYCU
NBY
NBY
Q4 25
-98.8%
Q3 25
-66.9%
Q2 25
-94.2%
Q1 25
-72.7%
Q4 24
-7.6%
-35.4%
Q3 24
-9.4%
Q2 24
-14.2%
Q1 24
-8.9%
-75.3%
Capex Intensity
CYCU
CYCU
NBY
NBY
Q4 25
5.3%
Q3 25
2.5%
Q2 25
2.7%
Q1 25
1.8%
Q4 24
2.6%
0.1%
Q3 24
2.4%
Q2 24
2.7%
0.0%
Q1 24
2.5%
0.1%
Cash Conversion
CYCU
CYCU
NBY
NBY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-0.18×
Q3 24
-2.71×
Q2 24
-1.89×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CYCU
CYCU

Segment breakdown not available.

NBY
NBY

Other$2.4M51%
Total Product Revenue$2.3M49%

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