do-over
Unless things have changed lately, it's a fresh do-over. While you can update your app noting your persistence in trying again (perhaps in an essay, either ones to USMA or to your possible nomination sources, etc.), and some (very few) of your elements will move forward, you'll need to basically consider starting from scratch. New noms, new CFA test, etc. One thing that *might* carry forward is your DoDMERB result, it is good for 2 years from the originating date but must be valid through R Day of your entering year, so that may or may not cover you (you can apply for an extension from DoDMERB but you must apply for it if needed, it is not automatic). Lots of information here about prospective candidates who have applied more than once, scour it and you'll find some great pointers.
Best wishes on your second attempt -- many before you have done that and it has worked out well for them.
RLTW