Revenue remains highly volatile, fluctuating between $5.5K and $306.4K over the last ten quarters, while operating margins have reached extreme lows of -11731.08% due to structural cost imbalances.
| Sales/Revenue | 276.4K | 218.98K | 368.14K | 1.49M | 262K | 0 | 0 | 124.5K |
| Revenue Growth % | -32.55% | -40.52% | -75.28% | 468.44% | - | - | -100% | - |
| Cost of Goods Sold | 181.28K | 135.75K | 535.71K | 1.22M | 186.82K | 0 | 159.04K | 0 |
| COGS % of Revenue | - | 61.99% | 145.52% | 82.07% | 71.31% | - | - | - |
| Gross Profit | 95.11K | 83.23K | -167.57K | 267K | 75.18K | 0 | -159.04K | 0 |
| Gross Margin % | 34.41% | 38.01% | -45.52% | 17.93% | 28.69% | - | - | - |
| Gross Profit Growth % | - | 149.67% | -162.76% | 255.16% | - | 100% | - | - |
| Operating Expenses | 27.51M | 25.77M | 22.66M | 23.61M | 19.48M | 9.4M | 8.21M | 9.69M |
| OpEx % of Revenue | - | 11769.08% | 6155.44% | 1585.49% | 7433.55% | - | - | 7783.23% |
| Selling, General & Admin | 14.26M | 13.3M | 11.4M | 10.89M | 9.99M | 4.41M | 3.09M | 3.98M |
| SG&A % of Revenue | - | 6074.99% | 3096.9% | 731.41% | 3814.72% | - | - | 3198.76% |
| Research & Development | 13.25M | 12.47M | 11.26M | 12.72M | 9.48M | 4.99M | 5.12M | 5.71M |
| R&D % of Revenue | - | 5694.09% | 3058.54% | 854.08% | 3618.83% | - | - | 4584.47% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -27.41M | -25.69M | -22.83M | -23.35M | -19.4M | -9.4M | -8.37M | -9.57M |
| Operating Margin % | -9918.7% | -11731.08% | -6200.96% | -1567.56% | -7404.86% | - | - | -7683.23% |
| Operating Income Growth % | - | -12.53% | 2.22% | -20.34% | -106.39% | -12.26% | 12.46% | - |
| EBITDA | -26.15M | -24.5M | -22.16M | -22.41M | -18.8M | -9.31M | -8.21M | -9.41M |
| EBITDA Margin % | -9462.2% | -11187.73% | -6019.12% | -1505.03% | -7173.99% | - | - | -7555.3% |
| EBITDA Growth % | -22.25% | -10.56% | 1.14% | -19.25% | -101.8% | -13.39% | 12.67% | - |
| D&A (Non-Cash Add-back) | 1.26M | 1.19M | 669.41K | 931.28K | 604.87K | 85.86K | 159.04K | 159.28K |
| EBIT | -26.93M | -25.69M | -22.83M | -23.35M | -19.24M | -7.79M | -8.34M | -9.34M |
| Net Interest Income | 144.68K | 197.43K | -1.12M | 137.89K | 44.1K | 0 | 39.84K | 230.52K |
| Interest Income | 595.17K | 197.43K | 0 | 137.89K | 44.1K | 9.58K | 39.84K | 230.52K |
| Interest Expense | 450.49K | 0 | 1.12M | 0 | 0 | 9.58K | 0 | 0 |
| Other Income/Expense | 1.37M | 2.22M | -6.42M | 534.71K | 164.22K | 1.6M | 34.82K | 230.52K |
| Pretax Income | -26.04M | -23.47M | -29.25M | -22.81M | -19.24M | -7.8M | -8.34M | -9.34M |
| Pretax Margin % | -9422.82% | -10717.74% | -7946.01% | -1531.66% | -7342.18% | - | - | -7498.07% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -26.04M | -23.47M | -29.25M | -22.81M | -19.24M | -7.8M | -8.34M | -9.34M |
| Net Margin % | -9422.82% | -10717.74% | -7946.01% | -1531.66% | -7342.18% | - | - | -7498.07% |
| Net Income Growth % | 15.65% | 19.77% | -28.24% | -18.58% | -146.64% | 6.47% | 10.67% | - |
| Net Income (Continuing) | -26.04M | -23.47M | -29.25M | -22.81M | -19.24M | -7.8M | -8.34M | -9.34M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.37 | -5.17 | -22.13 | -51.86 | -55.04 | -120.96 | -798.35 | -901.95 |
| EPS Growth % | 79.14% | 76.64% | 57.33% | 5.78% | 54.5% | 84.85% | 11.49% | - |
| EPS (Basic) | - | -5.17 | -22.13 | -51.86 | -55.04 | -120.96 | -798.43 | -901.95 |
| Diluted Shares Outstanding | 11.01M | 4.54M | 1.32M | 439.87K | 349.48K | 64.48K | 10.45K | 10.35K |
| Basic Shares Outstanding | 11.01M | 4.54M | 1.32M | 439.87K | 349.48K | 64.48K | 10.44K | 10.35K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Imminent liquidity and solvency risk
As reported in recent financial filings, Cyngn's quarterly revenue remains highly erratic, fluctuating between $5.5K and $306.4K over the last ten quarters, which suggests that the company's current business model relies on inconsistent, project-based consulting rather than a predictable, recurring software-as-a-service revenue stream.
The extreme volatility in top-line performance indicates a lack of commercial traction for the DriveMod platform. Investors should monitor whether the company can transition from these transactional pilot programs to multi-year fleet deployments, as the current revenue profile appears insufficient to support the firm's ongoing operational requirements.
Based on the company's historical income statements, gross margins have exhibited wild swings from a low of -149.3% to a high of 74.9%, reflecting the high cost of bespoke integration labor and hardware procurement that continues to erode the potential profitability of the software stack.
The inability to maintain consistent positive gross margins suggests that Cyngn has yet to achieve the economies of scale necessary for a software-centric business. This margin profile implies that the company is effectively subsidizing its hardware integration efforts, which may hinder its ability to reach a sustainable break-even point.
According to the provided quarterly data, Cyngn maintains a heavy fixed-cost structure with R&D and SG&A expenses consistently exceeding $5 million per quarter, a level of spending that dwarfs the company's nominal revenue and highlights a severe disconnect between operational investment and commercial output.
The persistent reliance on high R&D spending without a corresponding increase in revenue suggests that the company's current cost discipline is inadequate for its stage of development. This structure warrants further investigation into whether the intellectual property being developed can realistically be monetized before the company exhausts its remaining capital.
As indicated by the company's operating margin of -11731.08% in recent periods, the business model faces significant existential pressure, suggesting that the market may be mispricing the firm by ignoring the high probability of a liquidity event or total loss of shareholder value.
While some may argue that the company's industrial datasets hold latent value for a larger acquirer, the current financial trajectory suggests that the firm is struggling to survive as an independent entity. Investors should be wary of the high likelihood of further share dilution, which may be necessary to fund operations in the absence of meaningful revenue growth.
Quick answers to the most common questions about buying CYN stock.
For fiscal year 2025, Cyngn Inc. (CYN) reported total revenue of $0.2M. This represents a 75.9% increase compared to $0.1M in 2019.
Cyngn Inc. (CYN) reported a net loss of $23.5M for the fiscal year ending 2025.
Cyngn Inc. (CYN) reported an operating income of $-25.7M, resulting in an operating profit margin of -11731.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Cyngn Inc. (CYN) generated $0.1M in gross profit for the year, representing a gross profit margin of 38.0%. This demonstrates the company's core pricing power and production efficiency.