Cyngn (CYN) AI Stock Analysis

• Market Cap: $14.03M
• Dividend Yield: N/A
• Average Volume (3M): 1.17M
• Price to Earnings (P/E): ―
• Beta (1Y): 5.66
• Revenue Growth: 347.74%
• EPS Growth: 84.88%
• Country: US
• Employees: 58
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -1.20
• Shares Outstanding: 7,974,380
• 10 Day Avg. Volume: 2,986,781
• 30 Day Avg. Volume: 1,172,618
• PEG Ratio: 0.10
• Price to Book (P/B): 14.52
• Price to Sales (P/S): 457.39
• P/FCF Ratio: -15.97
• Enterprise Value/Market Cap: 1.13
• Enterprise Value/Revenue: 34.84
• Enterprise Value/Gross Profit: 124.54
• Enterprise Value/Ebitda: -0.68
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $1.50 ▼(-39.02% Downside)

The score is held down primarily by weak financial performance (very small revenue base, large losses, and significant cash burn) and bearish technical momentum (price below key moving averages with negative MACD). Modestly positive governance-related corporate events provide limited support, while valuation offers little help due to negative earnings and no dividend yield data.

Positive Factors

Industrial autonomy market focus

Cyngn’s sole focus on autonomy for controlled industrial environments aligns with durable structural trends in warehouse and logistics automation. Specialization supports product-market fit, repeatable deployment processes, and long-term service/subscription revenue opportunities as enterprises automate material handling.

High revenue growth and returning gross profit

Very strong YoY revenue growth and a return to positive gross profit indicate early traction and improving unit economics. If sustained, expanding software and services could drive scalable margins as fixed costs are spread and recurring licensing or subscription revenue replaces one‑time project revenue.

Modest balance-sheet leverage

Low relative leverage limits near-term solvency risk and gives management flexibility to finance operations or strategic investments without excessive interest burdens. This provides breathing room to execute multi-period deployment rollouts while seeking revenue scale or additional capital markets access if needed.

Negative Factors

Very small revenue base vs large losses

The business remains far from scale: minimal revenue versus very large operating losses means core operations do not cover fixed costs. Persistent high losses relative to sales threaten dilution or sustained funding needs unless revenue growth accelerates materially and operating leverage improves.

Persistent negative cash generation

Sustained negative operating and free cash flow erodes runway and forces reliance on external financing. Repeated capital raises can dilute shareholders and distract management; negative cash generation also limits the ability to invest in sales, R&D, or scaled deployments without new funding.

Dilution risk from increased equity incentive shares

Board-approved expansion of the equity incentive plan raises the risk of meaningful share issuance to fund hiring and retention. While common for early-stage tech firms, added share supply can dilute long-term per-share economics unless offset by substantial revenue growth and margin expansion.

Cyngn Business Overview & Revenue Model

Company Description

Cyngn Inc., an autonomous vehicle (AV) technology company, develops autonomous driving software. The company is developing Enterprise Autonomy Suite, which consists of DriveMod, a modular industrial vehicle autonomous driving software; Cyngn Insight, a customer-facing tool suite for monitoring and managing AV fleets and aggregating/analyzing data; and Cyngn Evolve, an internal tool suite and infrastructure that facilitates artificial intelligence and machine learning training to enhance algorithms and models, and provides a simulation framework to ensure that data collected in the field can be applied to validating new releases. Cyngn Inc. was incorporated in 2013 and is headquartered in Menlo Park, California.

How the Company Makes Money

Cyngn generates revenue through multiple streams including software licensing, integration services, and ongoing support and maintenance contracts for its autonomous vehicle software. The company partners with logistics and transportation firms to deploy its technology, enhancing operational capabilities and creating value for its clients. Additionally, Cyngn may pursue strategic partnerships with vehicle manufacturers and technology providers to expand its market reach and enhance its product offerings, which can lead to further revenue opportunities through joint ventures and collaborative projects.

Cyngn Financial Statement Overview

Summary

Financial performance is weak: revenue remains very small (TTM ~$0.46M) with a large TTM net loss (~$33.5M) and continued cash burn (TTM FCF ~-$12.4M). Positives include a return to positive gross profit and relatively modest leverage (TTM debt-to-equity ~0.17), but worsening recent free cash flow and persistent negative profitability keep the score low.

Income Statement

TTM (Trailing-Twelve-Months) revenue is very small ($0.46M) and, while it shows strong growth versus the prior annual period, the company remains deeply unprofitable (TTM net loss of ~$33.5M) with extremely negative margins. A notable positive is the return to a positive gross profit in TTM after a negative gross profit in 2024, but operating losses remain very large relative to the revenue base, indicating a business model still far from scale.

Balance Sheet

Leverage is relatively modest on the latest period (TTM debt-to-equity ~0.17), which reduces near-term balance-sheet financial risk. However, profitability is very weak, with consistently negative returns on equity across periods, suggesting equity value is being diluted/eroded by ongoing losses. Total debt increased meaningfully from 2024 to TTM, which bears watching if losses persist and funding needs continue.

Cash Flow

Cash generation is a major weakness: TTM operating cash flow (~-$10.8M) and free cash flow (~-$12.4M) are solidly negative, reflecting ongoing cash burn. While free cash flow has at times moved with net losses (free cash flow is roughly in line with net loss magnitude), TTM free cash flow deteriorated versus 2024 (negative growth), highlighting increased cash needs alongside continued operating losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	457.23K	368.14K	1.49M	262.00K	0.00	0.00
Gross Profit	127.89K	-167.57K	267.00K	-529.69K	-85.86K	-159.04K
EBITDA	-23.30M	-22.16M	-22.38M	-18.63M	-7.70M	-8.18M
Net Income	-33.52M	-29.25M	-22.81M	-19.24M	-7.80M	-8.34M
Balance Sheet
Total Assets	49.27M	30.10M	13.03M	25.51M	22.65M	6.67M
Cash, Cash Equivalents and Short-Term Investments	34.87M	23.62M	8.15M	22.60M	21.95M	6.06M
Total Debt	6.71M	317.34K	1.00M	376.62K	0.00	695.08K
Total Liabilities	10.59M	18.50M	2.40M	1.39M	407.43K	1.08M
Stockholders Equity	38.68M	11.59M	10.64M	24.12M	22.25M	5.60M
Cash Flow
Free Cash Flow	-12.38M	-10.54M	-21.24M	-17.67M	-8.70M	-7.92M
Operating Cash Flow	-10.78M	-9.49M	-19.48M	-16.30M	-8.64M	-7.92M
Investing Cash Flow	-31.21M	2.94M	6.36M	-13.35M	-20.02K	0.00
Financing Cash Flow	44.84M	26.58M	6.12M	18.24M	24.20M	695.70K

Cyngn Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.46
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CYN, the sentiment is Negative. The current price of 2.46 is above the 20-day moving average (MA) of 2.37, below the 50-day MA of 2.92, and below the 200-day MA of 5.22, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 27.62 is Positive, neither overbought nor oversold. The STOCH value of 12.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CYN.

Cyngn Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
BLBX	50 Neutral	$48.24M	-10.76	-68.14%	―	-13.58%	-7.29%
CYN	45 Neutral	$14.03M	>-0.01	-166.00%	―	347.74%	84.88%
INLX	45 Neutral	$36.82M	-20.49	-15.71%	―	-7.76%	-291.41%
VBIX	44 Neutral	$19.95M	-0.58	-301.51%	―	-72.01%	12.96%
SWVL	44 Neutral	$19.40M	-3.35	-218.42%	―	-2.39%	-3.11%

Cyngn Corporate Events

Cyngn Updates Bylaws to Enhance Corporate Governance

On January 27, 2026, Cyngn, Inc.’s board of directors unanimously approved amended and restated bylaws designed to strengthen the company’s corporate governance framework. The revisions introduce a comprehensive director-qualification structure, refine the mechanics and disclosure requirements for advance-notice director nominations, and formalize procedures for filling board vacancies and handling director resignations and removals, while also explicitly permitting virtual shareholder meetings and electronic notice delivery, changes that collectively aim to streamline board oversight and modernize stockholder meeting practices.

The most recent analyst rating on (CYN) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on Cyngn stock, see the CYN Stock Forecast page.

Cyngn Stockholders Approve Key Proposals at Annual Meeting

On December 3, 2025, Cyngn Inc. held its annual meeting where stockholders approved several key proposals. These included the election of Lior Tal as a Class I director for a three-year term, an amendment to the 2021 Equity Incentive Plan to increase the number of shares available for issuance, the ratification of CBIZ PCAs P.C. as the independent registered public accounting firm for 2025, and the potential adjournment of the meeting to continue soliciting votes. The approval of these proposals reflects the company’s ongoing efforts to enhance its governance and operational strategies.

The most recent analyst rating on (CYN) stock is a Sell with a $3.50 price target. To see the full list of analyst forecasts on Cyngn stock, see the CYN Stock Forecast page.