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CYN

Cyngn Inc.

CYN

Cyngn Inc. • NASDAQ
$3.58 ▼ -1.24% (-0.04)
Market Cap $28.51 M
52w High $936.00
52w Low $2.62
Dividend Yield 0%
P/E -0.01
Volume 61.87K
Outstanding Shares 7.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $69.973K ▲ $8.436M ▲ $-8.439M ▼ -12.06K% ▲ $-1.2 ▲ $-7.895M ▼
Q2-2025 $33.726K ▼ $5.519M ▲ $-5.448M ▲ -16.155K% ▼ $-2.7 ▲ $-4.892M ▲
Q1-2025 $47.152K ▼ $5.25M ▼ $-7.593M ▲ -16.103K% ▼ $-6.6 ▼ $-4.974M ▲
Q4-2024 $306.376K ▲ $5.598M ▲ $-12.036M ▼ -3.928K% ▲ $-6.09 $-5.541M ▼
Q3-2024 $47.584K $5.399M $-5.427M -11.406K% $-6.09 $-5.271M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $34.875M ▼ $49.267M ▼ $10.588M ▲ $38.679M ▼
Q2-2025 $39.235M ▲ $56.181M ▲ $9.418M ▲ $46.763M ▲
Q1-2025 $16.339M ▼ $24.349M ▼ $2.206M ▼ $22.143M ▲
Q4-2024 $23.618M ▲ $30.095M ▲ $18.502M ▲ $11.594M ▲
Q3-2024 $2.787M $8.481M $1.832M $6.649M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-4.757M ▲ $-4.065M ▲ $-22.458M ▼ $0 ▼ $-26.523M ▼ $-4.585M ▲
Q2-2025 $-5.448M ▲ $-6.257M ▲ $6.986M ▲ $29.612M ▲ $30.341M ▲ $-6.432M ▲
Q1-2025 $-7.593M ▲ $-6.513M ▼ $-16.101M ▼ $-1.025K ▼ $-22.615M ▼ $-6.692M ▼
Q4-2024 $-12.036M ▼ $6.057M ▲ $361.341K ▲ $15.225M ▲ $21.643M ▲ $5.332M ▲
Q3-2024 $-5.427M $-10.342M $-403.941K $6.789M $-3.957M $-10.472M

Five-Year Company Overview

Income Statement

Income Statement Cyngn is still essentially a pre‑revenue company: it has not yet converted its technology into meaningful sales. The income statement shows recurring operating losses each year, reflecting ongoing spending on development, personnel, and commercialization efforts. The losses are relatively steady, suggesting disciplined but persistent burn rather than sudden spikes. Reported earnings per share look extremely volatile, but this is mainly due to large changes in the share count and reverse stock splits, not sudden swings in the underlying business. Overall, the income statement reads like an early-stage tech story still in the build-out phase, not yet in the monetization phase.

Balance Sheet

Balance Sheet The balance sheet is small and quite light, with only a modest base of total assets and shareholders’ equity. Cash makes up most of what the company owns, and there is no financial debt, which removes interest burden but also highlights how thin the asset base is. Equity has been maintained but not grown meaningfully, indicating that losses are steadily eating into the capital that has been raised. The multiple reverse stock splits point to pressure on the share price and a history of dilution, underscoring that Cyngn’s financial cushion is limited and highly dependent on capital markets support. In simple terms, this is a lean balance sheet backing a high-risk, early-stage business.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, which is expected for a company investing heavily in technology before generating recurring revenue. Free cash flow closely tracks operating cash flow since capital spending on physical assets is minimal, reflecting an “asset‑light” software and IP-driven model. The pattern shows a controlled but continuous cash burn, with no signs yet of self-funding from customer receipts. This means the company’s runway is tied to its ability to raise or access additional capital as it scales commercialization. The core question for cash flow is whether and when customer adoption ramps up enough to offset ongoing development and go‑to‑market spend.

Competitive Edge

Competitive Edge Cyngn is targeting a focused niche: autonomous solutions for industrial vehicles in warehouses, manufacturing, and logistics. Its main edge is the ability to retrofit existing fleets rather than requiring customers to buy entirely new autonomous equipment, which can be a powerful cost and adoption advantage. The technology is designed to be vehicle‑agnostic and paired with a software suite for fleet management and analytics, positioning Cyngn more as a software and systems player than a traditional hardware vendor. The company faces competition from large, established equipment makers and other robotics firms, many with deeper resources and existing customer bases. At this stage, Cyngn’s competitive position is more about potential and differentiation than proven scale, with commercial traction still relatively early.

Innovation and R&D

Innovation and R&D Innovation is the core of Cyngn’s story. The DriveMod platform and Enterprise Autonomy Suite are designed to turn ordinary industrial vehicles into intelligent, autonomous machines, with capabilities spanning navigation, safety, teleoperation, and data analytics. The company is investing in advanced AI and computer vision, supported by a strategic collaboration with NVIDIA and the use of high-end robotics and simulation platforms. A growing patent portfolio and new product initiatives, such as autonomous forklifts and expanded OEM integrations, suggest a sustained commitment to R&D. The key open issue is not whether Cyngn is innovating, but how quickly and effectively that innovation can be turned into widespread, paying deployments.

Summary

Cyngn is a very early-stage, high‑risk technology company: strong on ideas, IP, and partnerships, but still weak on revenue and scale. Financially, it shows the classic profile of a pre‑commercial tech firm—negative earnings, ongoing cash burn, a small balance sheet, and reliance on external funding, as evidenced by repeated reverse stock splits. Strategically, the company has carved out an attractive niche in industrial autonomy with a retrofit, software‑centric model that, if adopted broadly, could offer compelling value to customers. Its collaboration with major technology partners and a growing patent base support the innovation story, but commercialization is still in the proving phase. Overall, Cyngn represents a significant execution and funding challenge, where long-term outcomes depend heavily on converting its technical advantages into durable, recurring customer revenue before its financial runway tightens.

NEWS

November 20, 2025 · 7:05 AM UTC

'The Perfect Solution': Customers and Partners Share Firsthand Impact of Cyngn Technology

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November 18, 2025 · 5:41 PM UTC

Cyngn Reports Third Quarter 2025 Financial Results

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October 30, 2025 · 7:05 AM UTC

Revolutionizing Operations: How Customers Are Benefiting from Cyngn's DriveMod Tugger

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October 23, 2025 · 8:30 AM UTC

New Case Study Video: Cyngn Manufacturing Customer, U.S. Continental, "Definitely Recommends" Cyngn's DriveMod Tugger

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October 14, 2025 · 7:00 AM UTC

Cyngn Deploys DriveMod with G&J Pepsi, the Largest Independent Pepsi Bottler in the USA

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