What is Cyngn Inc's earnings per share (EPS)?

Cyngn Inc (CYN) reported diluted earnings per share of $-5.17 for fiscal year 2025. 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.

Cyngn Inc Financials

CYN

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Cyngn Inc (CYN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).

Rhea AI CYN FY2025 2026-05-14

Cyngn is operating like a development-stage company, with external financing rather than product revenue carrying the business through FY2025.

Between FY2024 and FY2025, financing inflows of $35.1M turned equity from -$1.0M to $38.8M and sharply reduced liabilities, yet year-end cash fell to just $990K because $23.6M of operating cash burn and $34.1M of investing outflows absorbed the raise. That combination shows new capital was being used to keep development moving and repair the balance sheet, not to build a lasting cash reserve.

Gross margin bounced from -45.5% in FY2024 to 38.0% in FY2025, but revenue also fell to $219K, so the swing looks more like project or contract mix than evidence that scale is covering fixed costs. With R&D at $12.5M and SG&A at $13.3M, commercialization is still tiny relative to the spending base.

Liquidity is split between accounting strength and cash scarcity: the current ratio was 8.3x and equity was $38.8M, yet cash was only $990K at year-end. That means the company was not heavily burdened by liabilities, but its immediate flexibility depended on converting other assets or accessing fresh financing.

Financial Health Signals

Financial Profile 33/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Cyngn Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Cyngn Inc has an operating margin of -11731.1%, meaning the company retains $-11731 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 -6201.0% the prior year.

Growth

Cyngn Inc's revenue declined 40.5% year-over-year, from $368K to $219K. This contraction results in a growth score of 0/100.

Leverage

Cyngn Inc carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 8.16, Cyngn Inc holds $8.16 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Cyngn Inc generated -$23.6M in operating cash flow, capex of $1.2M consumed most of it, leaving -$24.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Cyngn Inc generates a -60.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.

Piotroski F-Score Weak

3/9

Cyngn Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

1.00x

For every $1 of reported earnings, Cyngn Inc generates $1.00 in operating cash flow (-$23.6M OCF vs -$23.5M 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

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Earnings & Revenue

Revenue

$219K

YoY-40.5%

Cyngn Inc generated $219K in revenue in fiscal year 2025. This represents a decrease of 40.5% from the prior year.

EBITDA

-$24.5M

YoY-10.6%

Cyngn Inc's EBITDA was -$24.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 10.6% from the prior year.

Net Income

-$23.5M

YoY+29.6%

Cyngn Inc reported -$23.5M in net income in fiscal year 2025. This represents an increase of 29.6% from the prior year.

EPS (Diluted)

$-5.17

Cyngn Inc earned $-5.17 per diluted share (EPS) in fiscal year 2025. This represents an increase of 99.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$24.8M

YoY-22.5%

Cyngn Inc generated -$24.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 22.5% from the prior year.

Cash & Debt

$990K

YoY-95.8%

5Y CAGR-30.4%

Cyngn Inc held $990K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

Cyngn Inc had 8M shares outstanding in fiscal year 2025. This represents an increase of 3905.0% from the prior year.

Margins & Returns

Gross Margin

38.0%

YoY+83.5pp

Cyngn Inc's gross margin was 38.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 83.5 percentage points from the prior year.

Operating Margin

-11731.1%

YoY-5530.1pp

Cyngn Inc's operating margin was -11731.1% in fiscal year 2025, reflecting core business profitability. This is down 5530.1 percentage points from the prior year.

Net Margin

-10717.7%

YoY-1662.6pp

Cyngn Inc's net profit margin was -10717.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1662.6 percentage points from the prior year.

Return on Equity

-60.6%

5Y CAGR+88.4pp

Cyngn Inc's ROE was -60.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending

$12.5M

YoY+10.7%

5Y CAGR+19.5%

Cyngn Inc invested $12.5M in research and development in fiscal year 2025. This represents an increase of 10.7% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.2M

YoY+17.0%

Cyngn Inc invested $1.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 17.0% from the prior year.

CYN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$219K-40.5%	$368K-75.3%	$1.5M+468.4%	$262K	N/A	N/A
Cost of Revenue	$136K-74.7%	$536K-56.2%	$1.2M+554.3%	$187K	N/A	N/A
Gross Profit	$83K+149.7%	-$168K-162.8%	$267K+255.2%	$75K	N/A	N/A
R&D Expenses	$12.5M+10.7%	$11.3M-11.5%	$12.7M+34.2%	$9.5M+90.0%	$5.0M-2.5%	$5.1M
SG&A Expenses	$13.3M+16.7%	$11.4M+4.7%	$10.9M+9.0%	$10.0M+126.7%	$4.4M+35.6%	$3.3M
Operating Income	-$25.7M-12.5%	-$22.8M+2.2%	-$23.3M-20.3%	-$19.4M-106.4%	-$9.4M-12.3%	-$8.4M
Interest Expense	N/A	N/A	$138K+212.7%	$44K+560.3%	-$10K-124.0%	$40K
Income Tax	N/A	N/A	N/A	$850+6.3%	$8000.0%	$800
Net Income	-$23.5M+29.6%	-$33.3M-46.1%	-$22.8M-18.6%	-$19.2M-146.6%	-$7.8M+6.5%	-$8.3M
EPS (Diluted)	$-5.17	$-2521.41+61.4%	$-6528.92-1186976.4%	$-0.55+58.6%	$-1.33	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$105K+53.5%	$68K-2.6%	$70K+107.5%	$34K-28.5%	$47K-84.6%	$306K+543.9%	$48K+449.2%	$9K
Cost of Revenue	$57K+2.1%	$56K+10.5%	$51K+199.9%	$17K+43.4%	$12K-95.3%	$250K+58.8%	$157K+953.8%	$15K
Gross Profit	$47K+295.2%	$12K-37.6%	$19K+14.2%	$17K-52.5%	$35K-37.6%	$57K+151.6%	-$110K-1652.7%	-$6K
R&D Expenses	$2.9M-7.9%	$3.1M-40.3%	$5.3M+166.7%	$2.0M-6.5%	$2.1M-0.2%	$2.1M-24.5%	$2.8M-12.6%	$3.2M
SG&A Expenses	$4.1M+19.5%	$3.4M+7.8%	$3.2M-10.4%	$3.5M+12.9%	$3.1M-9.9%	$3.5M+34.0%	$2.6M-0.2%	$2.6M
Operating Income	-$6.9M-5.9%	-$6.6M+22.1%	-$8.4M-53.0%	-$5.5M-5.5%	-$5.2M+5.9%	-$5.5M-0.6%	-$5.5M+5.2%	-$5.8M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$2K
Income Tax	N/A	N/A	$0	$0	$0	N/A	$0	$0
Net Income	-$6.5M-14.4%	-$5.7M+32.8%	-$8.4M-54.9%	-$5.4M-39.3%	-$3.9M+75.7%	-$16.1M-197.0%	-$5.4M+6.7%	-$5.8M
EPS (Diluted)	$-0.59	N/A	$-1.20+55.6%	$-2.70	$-3.40	N/A	$-408.30+33.2%	$-610.85

CYN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$50.1M+66.3%	$30.1M+130.9%	$13.0M-48.9%	$25.5M+12.6%	$22.7M+239.5%	$6.7M
Current Assets	$39.2M+53.3%	$25.6M+170.1%	$9.5M-60.2%	$23.8M+5.6%	$22.5M+246.2%	$6.5M
Cash & Equivalents	$990K-95.8%	$23.6M+557.6%	$3.6M-65.9%	$10.5M-52.0%	$21.9M+262.4%	$6.1M
Inventory	$2.0M+1257.6%	$150K	N/A	$67K	N/A	N/A
Accounts Receivable	$780K	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$11.3M-63.7%	$31.1M+1198.6%	$2.4M+72.8%	$1.4M+240.5%	$407K-62.1%	$1.1M
Current Liabilities	$4.8M+39.7%	$3.4M+65.3%	$2.1M+50.0%	$1.4M+240.5%	$407K+7.1%	$380K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$38.8M+3798.2%	-$1.0M-109.9%	$10.6M-55.9%	$24.1M+8.4%	$22.2M+297.4%	$5.6M
Retained Earnings	-$216.8M-12.1%	-$193.4M-20.8%	-$160.0M-17.9%	-$135.7M-16.5%	-$116.5M-7.2%	-$108.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$61.0M+21.8%	$50.1M+1.6%	$49.3M-12.3%	$56.2M+130.7%	$24.3M-19.1%	$30.1M+254.9%	$8.5M-28.9%	$11.9M
Current Assets	$49.9M+27.3%	$39.2M+0.4%	$39.1M-10.4%	$43.6M+133.0%	$18.7M-26.8%	$25.6M+474.7%	$4.5M-46.6%	$8.3M
Cash & Equivalents	$5.1M+418.3%	$990K-79.5%	$4.8M-84.6%	$31.3M+3027.0%	$1.0M-95.8%	$23.6M+1096.2%	$2.0M-66.7%	$5.9M
Inventory	$1.8M-12.5%	$2.0M+130.3%	$886K-10.2%	$986K+9.3%	$902K+500.5%	$150K-60.0%	$376K	N/A
Accounts Receivable	$562K-28.0%	$780K+279.6%	$206K+101.1%	$102K	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	$10.4M-8.1%	$11.3M+6.7%	$10.6M+12.4%	$9.4M+326.9%	$2.2M-92.9%	$31.1M+1600.0%	$1.8M-17.7%	$2.2M
Current Liabilities	$4.1M-13.9%	$4.8M+22.8%	$3.9M+30.4%	$3.0M+36.0%	$2.2M-35.9%	$3.4M+87.7%	$1.8M-17.7%	$2.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$50.6M+30.5%	$38.8M+0.2%	$38.7M-17.3%	$46.8M+111.2%	$22.1M+2213.0%	-$1.0M-115.8%	$6.6M-31.5%	$9.7M
Retained Earnings	-$223.3M-3.0%	-$216.8M-2.7%	-$211.2M-4.4%	-$202.3M-2.8%	-$196.9M-1.8%	-$193.4M-9.1%	-$177.2M-3.2%	-$171.8M

CYN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$23.6M-22.8%	-$19.2M+1.4%	-$19.5M-19.5%	-$16.3M-88.6%	-$8.6M-9.1%	-$7.9M
Capital Expenditures	$1.2M+17.0%	$1.1M+0.5%	$1.0M+13.9%	$918K	N/A	N/A
Free Cash Flow	-$24.8M-22.5%	-$20.2M+1.3%	-$20.5M-19.2%	-$17.2M	N/A	N/A
Investing Cash Flow	-$34.1M-1262.9%	$2.9M-53.9%	$6.4M+147.7%	-$13.3M-66596.3%	-$20K	N/A
Financing Cash Flow	$35.1M-3.3%	$36.3M+492.8%	$6.1M-66.4%	$18.2M-24.6%	$24.2M+3378.8%	$696K
Dividends Paid	N/A	N/A	$1.5M	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$8.4M-24.7%	-$6.7M-65.8%	-$4.1M+35.0%	-$6.3M+3.9%	-$6.5M-78.6%	-$3.6M+31.5%	-$5.3M-21.4%	-$4.4M
Capital Expenditures	$289K-19.2%	$358K-31.1%	$520K+197.9%	$174K-2.3%	$178K-42.7%	$312K+91.8%	$162K-55.3%	$363K
Free Cash Flow	-$8.7M-22.5%	-$7.1M-54.8%	-$4.6M+28.7%	-$6.4M+3.9%	-$6.7M-69.1%	-$4.0M+27.9%	-$5.5M-15.6%	-$4.7M
Investing Cash Flow	-$5.4M-109.6%	-$2.6M+88.6%	-$22.5M-421.4%	$7.0M+143.4%	-$16.1M-4556.0%	$361K+189.5%	-$404K-134.0%	$1.2M
Financing Cash Flow	$17.9M+227.4%	$5.5M	$0-100.0%	$29.6M+2889044.2%	-$1K-100.0%	$24.9M+1306.8%	$1.8M-74.4%	$6.9M
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	38.0%+83.5pp	-45.5%-63.4pp	17.9%-10.8pp	28.7%	N/A	N/A
Operating Margin	-11731.1%-5530.1pp	-6201.0%-4633.4pp	-1567.6%+5837.3pp	-7404.9%	N/A	N/A
Net Margin	-10717.7%-1662.6pp	-9055.2%-7523.5pp	-1531.7%+5810.5pp	-7342.2%	N/A	N/A
Return on Equity	-60.6%	N/A	-214.5%-134.7pp	-79.8%-44.7pp	-35.1%+113.9pp	-149.0%
Return on Assets	-46.9%+63.9pp	-110.8%+64.3pp	-175.0%-99.6pp	-75.4%-41.0pp	-34.4%+90.5pp	-125.0%
Current Ratio	8.16+0.7	7.44+2.9	4.55-12.6	17.14-38.1	55.28+38.2	17.10
Debt-to-Equity	0.29+30.0	-29.72-29.9	0.23+0.2	0.06+0.0	0.02-0.2	0.19
FCF Margin	-11328.7%-5828.7pp	-5500.0%-4121.9pp	-1378.0%+5193.5pp	-6571.6%	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	45.2%+27.6pp	17.5%-9.8pp	27.4%-22.4pp	49.8%-25.2pp	75.0%+56.5pp	18.5%+249.0pp	-230.5%-158.3pp	-72.2%
Operating Margin	-6638.2%+2982.8pp	-9621.0%+2407.9pp	-12028.9%+4284.5pp	-16313.4%-5253.4pp	-11060.0%-9251.4pp	-1808.7%+9767.1pp	-11575.7%+55501.1pp	-67076.8%
Net Margin	-6203.1%+2120.8pp	-8323.9%+3735.9pp	-12059.9%+4094.8pp	-16154.6%-7858.8pp	-8295.8%-3034.6pp	-5261.2%+6144.7pp	-11405.9%+55748.7pp	-67154.7%
Return on Equity	-12.8%+1.8pp	-14.6%+7.2pp	-21.8%-10.2pp	-11.7%+6.0pp	-17.7%	N/A	-81.6%-21.7pp	-60.0%
Return on Assets	-10.6%+0.7pp	-11.3%+5.8pp	-17.1%-7.4pp	-9.7%+6.4pp	-16.1%+37.5pp	-53.6%+10.4pp	-64.0%-15.2pp	-48.8%
Current Ratio	12.07+3.9	8.16-1.8	9.99-4.6	14.54+6.1	8.49+1.1	7.44+5.0	2.43-1.3	3.74
Debt-to-Equity	0.21-0.1	0.29+0.0	0.27+0.1	0.20+0.1	0.10+29.8	-29.72-30.0	0.28+0.0	0.23
FCF Margin	-8312.9%+2108.0pp	-10421.0%-3868.9pp	-6552.1%+12518.4pp	-19070.4%-4879.1pp	-14191.4%-12899.6pp	-1291.8%+10239.4pp	-11531.1%+43268.0pp	-54799.1%

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Frequently Asked Questions

What is Cyngn Inc's annual revenue?

Cyngn Inc (CYN) reported $219K in total revenue for fiscal year 2025. This represents a -40.5% 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 40.5% year-over-year, from $368K to $219K in fiscal year 2025.

Is Cyngn Inc profitable?

No, Cyngn Inc (CYN) reported a net income of -$23.5M in fiscal year 2025, with a net profit margin of -10717.7%.

What is Cyngn Inc's EBITDA?

Cyngn Inc (CYN) had EBITDA of -$24.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Cyngn Inc's gross margin?

Cyngn Inc (CYN) had a gross margin of 38.0% in fiscal year 2025, 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 -11731.1% in fiscal year 2025, 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 -10717.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Cyngn Inc's return on equity (ROE)?

Cyngn Inc (CYN) has a return on equity of -60.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Cyngn Inc's free cash flow?

Cyngn Inc (CYN) generated -$24.8M in free cash flow during fiscal year 2025. This represents a -22.5% 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 -$23.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Cyngn Inc's total assets?

Cyngn Inc (CYN) had $50.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Cyngn Inc's capital expenditures?

Cyngn Inc (CYN) invested $1.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Cyngn Inc spend on research and development?

Cyngn Inc (CYN) invested $12.5M in research and development during fiscal year 2025.

How many shares does Cyngn Inc have outstanding?

Cyngn Inc (CYN) had 8M shares outstanding as of fiscal year 2025.

What is Cyngn Inc's current ratio?

Cyngn Inc (CYN) had a current ratio of 8.16 as of fiscal year 2025, which is generally considered healthy.

What is Cyngn Inc's debt-to-equity ratio?

Cyngn Inc (CYN) had a debt-to-equity ratio of 0.29 as of fiscal year 2025, 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 -46.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Cyngn Inc's cash runway?

Based on fiscal year 2025 data, Cyngn Inc (CYN) had $990K in cash against an annual operating cash burn of $23.6M. This gives an estimated cash runway of approximately 1 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.

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 to 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 1.00x, 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 33 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.