CYN · Cyngn Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $104.6K | - | $70.0K | $33.7K | $47.2K | - | $47.6K | $8.7K | $5.5K | - |
| Cost of Revenue | $57.4K | - | $50.8K | $16.9K | $11.8K | - | $157.3K | $14.9K | $113.8K | - |
| Gross Profit | $47.2K | - | $19.2K | $16.8K | $35.3K | - | ($109.7K) | ($6.3K) | ($108.3K) | - |
| R&D | $2.89M | - | $5.25M | $1.97M | $2.11M | - | $2.80M | $3.20M | $3.15M | - |
| SG&A | $4.10M | - | $3.18M | $3.55M | $3.14M | - | $2.60M | $2.61M | $2.70M | - |
| Total Operating Expenses | $7.05M | - | $8.49M | $5.54M | $5.26M | - | $5.56M | $5.82M | $5.97M | - |
| D&A | $316.6K | - | $62.4K | $51.9K | $240.9K | - | $54.8K | $50.1K | $225.6K | - |
| Operating Income | ($6.94M) | - | ($8.42M) | ($5.50M) | ($5.22M) | - | ($5.51M) | ($5.81M) | ($5.97M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | - | $0 | $0 | $0 | - | $0 | $0 | $0 | - |
| Net Income | ($6.49M) | - | ($8.44M) | ($5.45M) | ($7.59M) | - | ($5.43M) | ($5.82M) | ($5.97M) | - |
| EPS - Basic | ($0.59) | - | ($1.20) | ($2.70) | ($6.60) | - | ($411.00) | ($616.50) | ($1200.00) | - |
| EPS - Diluted | ($0.59) | - | ($1.20) | ($2.70) | ($6.60) | - | ($411.00) | ($616.50) | ($1200.00) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.13M | $990.0K | $4.82M | $31.34M | $1.00M | $23.62M | $1.97M | $5.93M | $2.19M | $3.59M |
| Accounts Receivable | - | - | $205.5K | $102.2K | - | - | - | - | - | - |
| Inventory | $1.78M | $2.04M | $885.5K | $985.7K | $902.2K | $150.2K | $375.6K | - | $70.3K | - |
| Accounts Payable | $372.7K | $217.4K | $360.4K | $176.3K | $281.7K | $297.8K | $190.5K | $180.2K | $248.7K | $197.0K |
| Current Assets | $49.93M | $39.83M | $39.08M | $43.63M | $18.73M | $25.58M | $4.45M | $8.33M | $6.27M | $9.47M |
| Total Assets | $60.96M | $50.05M | $49.27M | $56.18M | $24.35M | $30.10M | $8.48M | $11.93M | $9.79M | $13.03M |
| Current Liabilities | $4.14M | $4.80M | $3.91M | $3.00M | $2.21M | $3.49M | $1.83M | $2.23M | $1.69M | $2.08M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $10.39M | $11.30M | $10.59M | $9.42M | $2.21M | $18.50M | $1.83M | $2.23M | $1.82M | $2.40M |
| Stockholders' Equity | $50.57M | $38.75M | $38.68M | $46.76M | $22.14M | $11.59M | $6.65M | $9.70M | $7.97M | $10.64M |
| Retained Earnings | ($223.31M) | ($216.82M) | ($211.15M) | ($202.31M) | ($196.86M) | ($189.27M) | ($177.23M) | ($171.81M) | ($165.99M) | ($160.02M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($8.40M) | - | - | - | ($6.51M) | - | - | - | ($5.84M) | - |
| Investing Cash Flow | ($5.37M) | - | - | - | ($16.10M) | - | - | - | $1.79M | - |
| Financing Cash Flow | $17.92M | - | - | - | ($1.0K) | - | - | - | $2.65M | - |
| CapEx | $289.5K | - | - | - | $178.5K | - | - | - | $214.2K | - |
| Free Cash Flow | ($8.69M) | - | - | - | ($6.69M) | - | - | - | ($6.05M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 45.2% | - | 27.4% | 49.8% | 74.9% | - | -230.5% | -72.2% | -1963.8% | - |
| Operating margin | -6638.2% | - | -12028.9% | -16313.4% | -11060.0% | - | -11575.7% | -67076.8% | -108223.5% | - |
| EBITDA margin | -6335.4% | - | -11939.8% | -16159.7% | -10549.1% | - | -11460.7% | -66499.2% | -104131.5% | - |
| Net margin | -6203.1% | - | -12059.9% | -16154.6% | -16102.9% | - | -11405.9% | -67154.7% | -108290.9% | - |
| Free cash flow margin | -8312.9% | - | - | - | -14191.4% | - | - | - | -109824.6% | - |
| FCF / Net income | 1.34 | - | - | - | 0.88 | - | - | - | 1.01 | - |
| R&D / Revenue | 2762.9% | - | 7510.0% | 5841.6% | 4468.3% | - | 5875.0% | 36919.5% | 57222.8% | - |
| SG&A / Revenue | 3920.5% | - | 4546.3% | 10521.6% | 6666.7% | - | 5470.2% | 30085.0% | 49036.8% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -10.6% | - | -17.1% | -9.7% | -31.2% | - | -64.0% | -48.8% | -61.0% | - |
| Return on equity | -12.8% | - | -21.8% | -11.7% | -34.3% | - | -81.6% | -60.0% | -74.9% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 12.07 | 8.29 | 9.99 | 14.54 | 8.49 | 7.33 | 2.43 | 3.74 | 3.70 | 4.55 |
| Quick ratio | 11.64 | 7.87 | 9.76 | 14.22 | 8.08 | 7.29 | 2.22 | 3.74 | 3.66 | 4.55 |
| Cash ratio | 1.24 | 0.21 | 1.23 | 10.45 | 0.45 | 6.77 | 1.08 | 2.66 | 1.29 | 1.73 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.21 | 1.29 | 1.27 | 1.20 | 1.10 | 2.60 | 1.28 | 1.23 | 1.23 | 1.23 |
| Liabilities / Assets | 0.17 | 0.23 | 0.21 | 0.17 | 0.09 | 0.61 | 0.22 | 0.19 | 0.19 | 0.18 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.00 | 0.00 | 0.00 | - | 0.01 | 0.00 | 0.00 | - |
| Inventory turnover | 0.03 | - | 0.06 | 0.02 | 0.01 | - | 0.42 | - | 1.62 | - |
| Days sales outstanding | - | - | 1072d | 1106d | - | - | - | - | - | - |
| Days inventory outstanding | 11356d | - | 6360d | 21234d | 27875d | - | 872d | - | 225d | - |
| Days payable outstanding | 2372d | - | 2589d | 3797d | 8703d | - | 442d | 4407d | 798d | - |
| Cash conversion cycle | - | - | 4844d | 18543d | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.4x | - | 1.1x | 0.6x | 0.2x | - | 173.9x | 159.9x | 24078.2x | - |
| P / S | 174.8x | - | 606.6x | 861.3x | 110.6x | - | 24303.2x | 179036.4x | 34814429.8x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 121.8% | - | 47.1% | 289.2% | 755.3% | - | 88.8% | -98.4% | -99.4% | - |
| Revenue CAGR (3y) | -50.7% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 33.6% | - | - | - | - | - | -537.5% | - | - | - |
| Operating income growth (YoY) | -33.1% | - | -52.8% | 5.3% | 12.6% | - | 1.8% | 10.5% | -2.1% | - |
| Net income growth (YoY) | 14.6% | - | -55.5% | 6.4% | -27.2% | - | 0.8% | 8.4% | -6.1% | - |
| EPS growth (YoY) | 91.1% | - | 99.7% | 99.6% | 99.5% | - | -293471.4% | -324373.7% | -705782.4% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -29.9% | - | - | - | -10.5% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 128.4% | 234.3% | 481.7% | 382.0% | 177.8% | 9.0% | -34.8% | -30.4% | -59.0% | -55.9% |
Peer comparison
Same SIC group: Services-Computer Programming Services
Comparing Cyngn Inc. against the 5 most active filers in the same SIC group.