CYN

MKT CAP:$13M

Cyngn Inc.

Market Cap

$13M

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$1.54-$1.21 (-44.00%)

Apr 21, 2026

Company Details

Cyngn Inc., an autonomous vehicle (AV) technology company, develops autonomous driving software. The company is developing Enterprise Autonomy Suite, which consists of DriveMod, a modular industrial vehicle autonomous driving software; Cyng...

CEO

Lior Tal

IPO Date

Oct 20, 2021

Website

www.cyngn.com

Key Metrics TTM

Revenue

$434.8K

+445.3% YoY

Net Income

-$31M

EPS (Diluted)

-$21.48

Free Cash Flow

-$18M

Revenue / Share

$0.22

Gross Margin

-0.2%

Operating Margin

-5005.6%

Net Margin

-7015.1%

FCF Margin

-4200.1%

P/S

30.2x

P/E

—

Earnings Reports

Q3 2025

May 6, 2026

PENDING

FY 2025

Mar 25, 2026

$219.0K-40.5%EPS -$5.17

Q2 2025

Aug 7, 2025

$33.7K+289.2%EPS -$2.70

Q1 2025

May 8, 2025

$47.2K+755.3%EPS -$6.60

FY 2024

Mar 6, 2025

$368.1K-75.3%EPS -$22.13

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$0	-$22.8K	-$2M
Q4 21	$0	-$17.3K	-$4M
Q1 22	$0	-$21.9K	-$4M
Q2 22	$0	-$160.0K	-$5M
Q3 22	$0	-$182.4K	-$5M
Q4 22	$262.0K	$75.2K	-$6M
Q1 23	$872.8K	$256.1K	-$6M
Q2 23	$551.0K	$88.3K	-$6M
Q3 23	$25.2K	-$17.2K	-$6M
Q4 23	$40.4K	-$60.2K	-$5M
Q1 24	$5.5K	-$333.9K	-$6M
Q2 24	$8.7K	-$234.9K	-$6M
Q3 24	$47.6K	-$109.7K	-$6M
Q4 24	$306.4K	$56.6K	-$6M
Q1 25	$47.2K	$35.3K	-$5M
Q2 25	$33.7K	$16.8K	-$6M

Valuation

Quarter	P/S	P/E
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	88.9x	—
Q1 23	34.2x	—
Q2 23	25.7x	—
Q3 23	11.9x	—
Q4 23	6.2x	—
Q1 24	38.7x	—
Q2 24	177.2x	—
Q3 24	75.5x	—
Q4 24	4.4x	—
Q1 25	9.9x	—
Q2 25	38.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	-$2M	-$2M
Q4 21	-$3M	-$3M
Q1 22	-$3M	-$4M
Q2 22	-$4M	-$4M
Q3 22	-$5M	-$5M
Q4 22	-$5M	-$5M
Q1 23	-$5M	-$6M
Q2 23	-$5M	-$5M
Q3 23	-$4M	-$5M
Q4 23	-$4M	-$4M
Q1 24	-$3M	-$3M
Q2 24	-$2M	-$2M
Q3 24	-$10M	-$10M
Q4 24	$6M	$5M
Q1 25	-$7M	-$7M
Q2 25	-$6M	-$6M

Capital Expenditures

Quarter	CapEx
Q3 21	$10.7K
Q4 21	$44.0K
Q1 22	$226.9K
Q2 22	$336.9K
Q3 22	$416.6K
Q4 22	$394.7K
Q1 23	$492.5K
Q2 23	$91.3K
Q3 23	$1M
Q4 23	$141.4K
Q1 24	$214.2K
Q2 24	$376.0K
Q3 24	$130.1K
Q4 24	$725.0K
Q1 25	$178.5K
Q2 25	$174.4K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	—	+20.5%
Q4 21	—	+61.3%
Q1 22	—	+146.4%
Q2 22	—	+120.3%
Q3 22	—	+148.4%
Q4 22	—	+63.9%
Q1 23	—	+75.9%
Q2 23	—	+52.8%
Q3 23	—	+6.8%
Q4 23	-84.6%	-8.7%
Q1 24	-99.4%	-11.1%
Q2 24	-98.4%	-17.4%
Q3 24	+88.8%	-1.4%
Q4 24	+659.2%	+7.6%
Q1 25	+755.3%	-11.9%
Q2 25	+289.2%	-4.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$70.4K	—
Q4 21	$972.8K	—
Q1 22	$520.1K	—
Q2 22	$713.6K	—
Q3 22	$757.1K	—
Q4 22	$876.9K	334.7%
Q1 23	$924.9K	106.0%
Q2 23	$873.7K	158.6%
Q3 23	$719.3K	2853.2%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$615.7K	7105.0%
Q3 24	$601.8K	1264.7%
Q4 24	$577.7K	188.6%
Q1 25	$536.2K	1137.3%
Q2 25	$456.9K	1354.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q3 21	$1M	—	—	$951.2K
Q4 21	$2M	—	—	$2M
Q1 22	$2M	—	—	$2M
Q2 22	$2M	—	—	$2M
Q3 22	$3M	—	—	$2M
Q4 22	$3M	$3M	$194.6K	—
Q1 23	$3M	$3M	—	—
Q2 23	$4M	$3M	—	—
Q3 23	$3M	$3M	—	—
Q4 23	$3M	$2M	—	—
Q1 24	$3M	$3M	—	—
Q2 24	$3M	$3M	—	—
Q3 24	$3M	$3M	—	—
Q4 24	$2M	$3M	—	—
Q1 25	$2M	$3M	—	—
Q2 25	$2M	$4M	—	—

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 21	—	—	—
Q4 21	—	—	—
Q1 22	—	—	—
Q2 22	—	—	—
Q3 22	—	—	—
Q4 22	—	-2098.3%	—
Q1 23	—	-643.5%	—
Q2 23	—	-1134.1%	—
Q3 23	—	-21330.2%	—
Q4 23	-84.6%	-12741.6%	-12826.2
Q1 24	-99.4%	-104131.5%	-104230.9
Q2 24	-98.4%	-64419.1%	-64517.5
Q3 24	88.8%	-11077.7%	-10989.0
Q4 24	659.2%	-1808.7%	-1149.5
Q1 25	755.3%	-10549.1%	-9793.8
Q2 25	289.2%	-14504.7%	-14215.5

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$18M	$0	$18M
Q2 22	$6M	$27M	$33M
Q3 22	$6M	$22M	$28M
Q4 22	$11M	$12M	$23M
Q1 23	$8M	$9M	$17M
Q2 23	$3M	$9M	$12M
Q3 23	$4M	$5M	$8M
Q4 23	$4M	$5M	$8M
Q1 24	$2M	$3M	$5M
Q2 24	$6M	$1M	$7M
Q3 24	$2M	$812.8K	$3M
Q4 24	$24M	$0	$24M
Q1 25	$1M	$15M	$16M
Q2 25	$31M	$8M	$39M
Q3 25	$5M	$30M	$35M
Q4 25	$990.0K	$34M	$35M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	11K	+1.5%	+1.5%
Q4 21	38K	+253.3%	+262.1%
Q1 22	295K	+686.8%	+2722.2%
Q2 22	338K	+14.3%	+3126.1%
Q3 22	370K	+9.6%	+3381.8%
Q4 22	370K	+0.1%	+886.6%
Q1 23	377K	+1.7%	+27.5%
Q2 23	372K	-1.4%	+10.1%
Q3 23	378K	+1.6%	+2.1%
Q4 23	460K	+21.8%	+24.2%
Q1 24	676K	+46.8%	+79.3%
Q2 24	891K	+31.9%	+139.7%
Q3 24	891K	0.0%	+135.9%
Q4 24	891K	0.0%	+93.7%
Q1 25	1M	+29.2%	+70.4%
Q2 25	2M	+75.3%	+126.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	—	—
Q4 21	$0	42
Q1 22	$0	42
Q2 22	$0	42
Q3 22	$0	42
Q4 22	$4.0K	66
Q1 23	$13.2K	66
Q2 23	$8.3K	66
Q3 23	$382	66
Q4 23	$498	81
Q1 24	$68	81
Q2 24	$107	81
Q3 24	$587	81
Q4 24	$3.8K	80
Q1 25	$589	80
Q2 25	$422	80

Revenue / Employee