Sovereign cyber scale play with accelerating exports, improving margins, and asymmetric five-year upside.
Overview
Cy4gate is an Italian 360-degree cyber vendor spanning cyber intelligence, decision intelligence, forensic interception, and enterprise cybersecurity. Revenue has shifted from domestic concentration to international scale, with exports reaching 51% of FY2025 revenue and roughly 70% in Q1 2026. Its proprietary software, sovereign certifications, recurring maintenance, and high-margin government contracts position it as a European alternative to non-EU intelligence and cybersecurity vendors serving defense, law enforcement, and corporate clients.