Cyngn Inc. CYN
vehicle ("AV") technology company that is focused on addressing industrial uses for autonomous vehicles. We believe that technological
innovation is needed to enable adoption of autonomous industrial vehicles that will address the substantial industry challenges that exist
today. These challenges include labor shortages, high labor costs, and work safety.
autonomous driving software, DriveMod, onto vehicles manufactured by Original Equipment Manufacturers ("OEM") by integration
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $219.0K | $368.1K | $1.5M | $262.0K | — | — | — |
| Cost of revenue | $135.7K | $535.7K | $1.2M | $186.8K | — | — | — |
| Gross profit | $83.2K | -$167.6K | $267.0K | $75.2K | — | — | — |
| R&D | $12.5M | $11.3M | $12.7M | $9.5M | $5.0M | $5.1M | — |
| SG&A | $13.3M | $11.4M | $10.9M | $10.0M | $4.4M | $3.3M | — |
| Total operating expenses | $25.9M | $23.2M | $24.8M | $19.7M | $9.4M | $8.4M | — |
| Operating income | -$25.7M | -$22.8M | -$23.3M | -$19.4M | -$9.4M | -$8.4M | — |
| Interest expense | — | — | $137.9K | $44.1K | $9.6K | $39.8K | — |
| Pre-tax income | -$23.5M | -$33.3M | -$22.8M | -$19.2M | -$7.8M | -$8.3M | — |
| Income tax | — | — | — | $850 | $800 | $800 | — |
| Net income | -$23.5M | -$33.3M | -$22.8M | -$19.2M | -$7.8M | -$8.3M | — |
| EPS, basic | -5.17 | -2,521.41 | -6,528.92 | -0.55 | -1.33 | — | — |
| EPS, diluted | -5.17 | -2,521.41 | -6,528.92 | -0.55 | -1.33 | -8.78 | — |
| Shares, diluted (wtd. avg.) | $4.5M | $13.2K | $3.5K | $34.9M | $5.9M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $990.0K | $23.6M | $3.6M | $10.6M | $22.0M | $6.5M | $13.7M |
| Short-term investments | $33.7M | — | $4.6M | $12.1M | — | — | — |
| Inventory | $2.0M | $150.2K | — | $66.8K | — | — | — |
| Total current assets | $39.8M | $25.6M | $9.5M | $23.8M | $22.5M | $6.5M | — |
| Property, plant and equipment | $3.3M | $2.3M | $1.5M | $884.0K | $102.8K | $133.8K | — |
| Other intangibles | $466.2K | $1.9M | $1.1M | $473.1K | $30.9K | $34.4K | — |
| Total assets | $50.1M | $30.1M | $13.0M | $25.5M | $22.7M | $6.7M | — |
| Accounts payable | $217.4K | $247.8K | $197.0K | $155.9K | $112.3K | $73.0K | — |
| Total current liabilities | $4.8M | $3.4M | $2.1M | $1.4M | $407.4K | $380.4K | — |
| Total liabilities | $11.3M | $31.1M | $2.4M | $1.4M | $407.4K | $1.1M | — |
| Retained earnings | -$216.8M | -$193.4M | -$160.0M | -$135.7M | -$116.5M | -$108.7M | — |
| Total equity | $38.8M | -$1.0M | $10.6M | $24.1M | $22.2M | $5.6M | $13.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$23.6M | -$19.2M | -$19.5M | -$16.3M | -$8.6M | -$7.9M | — |
| Depreciation and amortisation | $1.2M | $669.4K | $961.3K | $604.9K | $85.9K | $159.0K | — |
| Stock-based compensation | $1.6M | $2.4M | $3.2M | $2.9M | $1.1M | $131.7K | — |
| Capital expenditure | $1.2M | $1.1M | $1.0M | $918.3K | — | — | — |
| Investing cash flow | -$34.1M | $2.9M | $6.4M | -$13.3M | -$20.0K | — | — |
| Financing cash flow | $35.1M | $36.3M | $6.1M | $18.2M | $24.2M | $695.7K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-034900.
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