Cyngn Inc Financials
This page shows Cyngn Inc (CYN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Cyngn Inc has an operating margin of -6201.0%, meaning the company retains $-6201 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -1567.6% the prior year.
Cyngn Inc's revenue declined 75.3% year-over-year, from $1.5M to $368K. This contraction results in a growth score of 0/100.
With a current ratio of 7.44, Cyngn Inc holds $7.44 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Cyngn Inc generated -$19.2M in operating cash flow, capex of $1.1M consumed most of it, leaving -$20.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Cyngn Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Cyngn Inc generates $0.58 in operating cash flow (-$19.2M OCF vs -$33.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Cyngn Inc generated $368K in revenue in fiscal year 2024. This represents a decrease of 75.3% from the prior year.
Cyngn Inc's EBITDA was -$22.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.0% from the prior year.
Cyngn Inc generated -$20.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 1.3% from the prior year.
Cyngn Inc reported -$33.3M in net income in fiscal year 2024. This represents a decrease of 46.1% from the prior year.
Cyngn Inc earned $-2521.41 per diluted share (EPS) in fiscal year 2024. This represents an increase of 61.4% from the prior year.
Cyngn Inc held $23.6M in cash against $0 in long-term debt as of fiscal year 2024.
Cyngn Inc had 199,110 shares outstanding in fiscal year 2024. This represents an increase of 3768.5% from the prior year.
Cyngn Inc's gross margin was -45.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 63.4 percentage points from the prior year.
Cyngn Inc's operating margin was -6201.0% in fiscal year 2024, reflecting core business profitability. This is down 4633.4 percentage points from the prior year.
Cyngn Inc's net profit margin was -9055.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 7523.5 percentage points from the prior year.
Cyngn Inc invested $11.3M in research and development in fiscal year 2024. This represents a decrease of 11.5% from the prior year.
Cyngn Inc invested $1.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 0.5% from the prior year.
CYN Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $70K+107.5% | $34K-28.5% | $47K-84.6% | $306K+3435.8% | $9K+57.2% | $6K-86.3% | $40K+60.1% | $25K |
| Cost of Revenue | $51K+199.9% | $17K+43.4% | $12K-95.3% | $250K+1573.8% | $15K-86.9% | $114K+13.1% | $101K+137.2% | $42K |
| Gross Profit | $19K+14.2% | $17K-52.5% | $35K-37.6% | $57K+1004.9% | -$6K+94.2% | -$108K-79.7% | -$60K-250.1% | -$17K |
| R&D Expenses | $5.3M+166.7% | $2.0M-6.5% | $2.1M-0.2% | $2.1M-34.0% | $3.2M+1.4% | $3.2M+4.4% | $3.0M+3.2% | $2.9M |
| SG&A Expenses | $3.2M-10.4% | $3.5M+12.9% | $3.1M-9.9% | $3.5M+33.8% | $2.6M-3.6% | $2.7M+16.9% | $2.3M-13.2% | $2.7M |
| Operating Income | -$8.4M-53.0% | -$5.5M-5.5% | -$5.2M+5.9% | -$5.5M+4.7% | -$5.8M+2.6% | -$6.0M-10.6% | -$5.4M+3.8% | -$5.6M |
| Interest Expense | N/A | N/A | N/A | N/A | -$2K | N/A | $39K+19.1% | $33K |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | N/A | $0 |
| Net Income | -$8.4M-54.9% | -$5.4M+28.2% | -$7.6M+52.9% | -$16.1M-177.0% | -$5.8M+2.5% | -$6.0M-11.4% | -$5.4M+2.1% | -$5.5M |
| EPS (Diluted) | $-1.20+55.6% | $-2.70 | $-6.60+99.4% | $-1079.39-76.7% | $-610.85 | $-422.87+93.5% | $-6504.77 | $-11.03 |
CYN Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $49.3M-12.3% | $56.2M+130.7% | $24.3M-19.1% | $30.1M+152.3% | $11.9M+21.8% | $9.8M-24.9% | $13.0M+12.8% | $11.6M |
| Current Assets | $39.1M-10.4% | $43.6M+133.0% | $18.7M-26.8% | $25.6M+207.0% | $8.3M+32.8% | $6.3M-33.8% | $9.5M+10.2% | $8.6M |
| Cash & Equivalents | $4.8M-84.6% | $31.3M+3027.0% | $1.0M-95.8% | $23.6M+298.2% | $5.9M+170.5% | $2.2M-39.0% | $3.6M+1.6% | $3.5M |
| Inventory | $886K-10.2% | $986K+9.3% | $902K+500.5% | $150K | N/A | $70K | N/A | N/A |
| Accounts Receivable | $206K+101.1% | $102K | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $10.6M+12.4% | $9.4M+326.9% | $2.2M-92.9% | $31.1M+1299.1% | $2.2M+22.2% | $1.8M-24.1% | $2.4M+77.9% | $1.3M |
| Current Liabilities | $3.9M+30.4% | $3.0M+36.0% | $2.2M-35.9% | $3.4M+54.5% | $2.2M+31.4% | $1.7M-18.6% | $2.1M | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $38.7M-17.3% | $46.8M+111.2% | $22.1M+2213.0% | -$1.0M-110.8% | $9.7M+21.7% | $8.0M-25.0% | $10.6M+4.2% | $10.2M |
| Retained Earnings | -$211.2M-4.4% | -$202.3M-2.8% | -$196.9M-1.8% | -$193.4M-12.5% | -$171.8M-3.5% | -$166.0M-3.7% | -$160.0M-4.5% | -$153.2M |
CYN Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.1M+35.0% | -$6.3M+3.9% | -$6.5M-78.6% | -$3.6M+16.9% | -$4.4M+24.9% | -$5.8M-15.9% | -$5.0M-20.1% | -$4.2M |
| Capital Expenditures | $520K+197.9% | $174K-2.3% | $178K-42.7% | $312K-14.2% | $363K+69.6% | $214K+51.5% | $141K-66.5% | $423K |
| Free Cash Flow | -$4.6M+28.7% | -$6.4M+3.9% | -$6.7M-69.1% | -$4.0M+16.7% | -$4.7M+21.6% | -$6.1M-16.9% | -$5.2M-12.2% | -$4.6M |
| Investing Cash Flow | -$22.5M-421.4% | $7.0M+143.4% | -$16.1M-4556.0% | $361K-69.6% | $1.2M-33.6% | $1.8M+25636.9% | -$7K-100.2% | $3.7M |
| Financing Cash Flow | $0-100.0% | $29.6M+2889044.2% | -$1K-100.0% | $24.9M+259.5% | $6.9M+161.5% | $2.7M-48.0% | $5.1M+403.4% | $1.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CYN Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.4%-22.4pp | 49.8%-25.2pp | 75.0%+56.5pp | 18.5%+90.7pp | -72.2%+1891.6pp | -1963.8%-1814.5pp | -149.3%-81.0pp | -68.2% |
| Operating Margin | -12028.9%+4284.5pp | -16313.4%-5253.4pp | -11060.0%-9251.4pp | -1808.7%+65268.1pp | -67076.8%+41146.7pp | -108223.4%-94852.2pp | -13371.2%+8880.7pp | -22251.9% |
| Net Margin | -12059.9%+4094.8pp | -16154.6%-51.7pp | -16102.9%-10841.7pp | -5261.2%+61893.4pp | -67154.7%+41136.3pp | -108290.9%-95014.9pp | -13276.1%+8427.7pp | -21703.7% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -17.1%-7.4pp | -9.7%+21.5pp | -31.2%+22.4pp | -53.6%-4.8pp | -48.8%+12.2pp | -61.0%-19.9pp | -41.1%+6.3pp | -47.4% |
| Current Ratio | 9.99-4.6 | 14.54+6.1 | 8.49+1.1 | 7.44+3.7 | 3.74+0.0 | 3.70-0.8 | 4.55 | N/A |
| Debt-to-Equity | 0.27+0.1 | 0.20+0.1 | 0.10+29.8 | -29.72-29.9 | 0.230.0 | 0.230.0 | 0.23+0.1 | 0.13 |
| FCF Margin | -6552.1%+12518.4pp | -19070.4%-4879.1pp | -14191.4%-12899.6pp | -1291.8%+53507.4pp | -54799.1%+55025.5pp | -109824.6%-96991.3pp | -12833.4%+5476.0pp | -18309.4% |
Note: Shareholder equity is negative (-$1.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Cyngn Inc's annual revenue?
Cyngn Inc (CYN) reported $368K in total revenue for fiscal year 2024. This represents a -75.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cyngn Inc's revenue growing?
Cyngn Inc (CYN) revenue declined by 75.3% year-over-year, from $1.5M to $368K in fiscal year 2024.
Is Cyngn Inc profitable?
No, Cyngn Inc (CYN) reported a net income of -$33.3M in fiscal year 2024, with a net profit margin of -9055.2%.
What is Cyngn Inc's earnings per share (EPS)?
Cyngn Inc (CYN) reported diluted earnings per share of $-2521.41 for fiscal year 2024. This represents a 61.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Cyngn Inc's EBITDA?
Cyngn Inc (CYN) had EBITDA of -$22.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Cyngn Inc's gross margin?
Cyngn Inc (CYN) had a gross margin of -45.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Cyngn Inc's operating margin?
Cyngn Inc (CYN) had an operating margin of -6201.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Cyngn Inc's net profit margin?
Cyngn Inc (CYN) had a net profit margin of -9055.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Cyngn Inc's free cash flow?
Cyngn Inc (CYN) generated -$20.2M in free cash flow during fiscal year 2024. This represents a 1.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cyngn Inc's operating cash flow?
Cyngn Inc (CYN) generated -$19.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Cyngn Inc's total assets?
Cyngn Inc (CYN) had $30.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Cyngn Inc's capital expenditures?
Cyngn Inc (CYN) invested $1.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Cyngn Inc spend on research and development?
Cyngn Inc (CYN) invested $11.3M in research and development during fiscal year 2024.
How many shares does Cyngn Inc have outstanding?
Cyngn Inc (CYN) had 199,110 shares outstanding as of fiscal year 2024.
What is Cyngn Inc's current ratio?
Cyngn Inc (CYN) had a current ratio of 7.44 as of fiscal year 2024, which is generally considered healthy.
What is Cyngn Inc's debt-to-equity ratio?
Cyngn Inc (CYN) had a debt-to-equity ratio of -29.72 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cyngn Inc's return on assets (ROA)?
Cyngn Inc (CYN) had a return on assets of -110.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Cyngn Inc's cash runway?
Based on fiscal year 2024 data, Cyngn Inc (CYN) had $23.6M in cash against an annual operating cash burn of $19.2M. This gives an estimated cash runway of approximately 15 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Cyngn Inc's debt-to-equity ratio negative or unusual?
Cyngn Inc (CYN) has negative shareholder equity of -$1.0M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Cyngn Inc's Piotroski F-Score?
Cyngn Inc (CYN) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cyngn Inc's earnings high quality?
Cyngn Inc (CYN) has an earnings quality ratio of 0.58x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Cyngn Inc?
Cyngn Inc (CYN) scores 25 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.