Cyngn (CYN) AI Stock Analysis

• Market Cap: $12.20M
• Dividend Yield: N/A
• Average Volume (3M): 1.17M
• Price to Earnings (P/E): ―
• Beta (1Y): 5.77
• 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: 1.16
• Enterprise Value/Revenue: 30.82
• Enterprise Value/Gross Profit: 110.20
• Enterprise Value/Ebitda: -0.60
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -3.63
• Revenue Forecast (FY): $7.50M

• Rating: 43 Neutral
• Price Target: $2.00 ▼(-18.70% Downside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is primarily weighed down by weak financial performance—minimal revenue scale, large losses, and ongoing cash burn—alongside bearish technical trends with price below key moving averages and negative MACD. Corporate governance updates are constructive but secondary, and valuation is constrained by negative earnings and no dividend support.

Positive Factors

Strategic Nvidia partnership

The Nvidia Isaac Sim-based simulation creates a persistent, high-fidelity digital warehouse for validating autonomy and fleet software. This materially reduces time and cost to test scenarios, accelerates commercial deployments, and improves software robustness—supporting scalable, repeatable rollouts.

Return to positive gross profit

Achieving positive gross profit on a TTM basis signals improving unit economics for core autonomy offerings. Sustained gross margins provide a foundation to absorb fixed operating costs as revenue scales, improving the path to operating leverage and longer-term profitability if sales growth continues.

Modest leverage and governance reforms

Low reported leverage reduces near-term solvency pressure and gives management runway to execute. Coupled with bylaw updates strengthening board oversight, these structural improvements lower execution and governance risk, aiding fundraising, partner trust, and disciplined strategic execution over the medium term.

Negative Factors

Minimal revenue scale

Revenue remains tiny relative to operating costs and losses, leaving the business model unproven at commercial scale. The company must convert pilots into sizable fleet contracts to cover fixed costs; without material, sustained revenue growth, profitability and independent cash generation remain unlikely.

Persistent cash burn

Large negative operating and free cash flows increase dependence on external financing and risk of dilution or higher-cost capital. Deterioration versus 2024 constrains investment in commercialization and customer support, potentially slowing deployments and jeopardizing the path to scale if funding tightens.

Rising debt amid deep losses

Debt growth alongside persistent net losses erodes equity and reduces financial flexibility. Rising leverage amplifies refinancing and execution risk if revenue growth falters, potentially forcing cost cuts, asset sales, or dilutive capital raises that could impede long-term R&D and deployment plans.

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

Very small TTM revenue ($0.46M) with large ongoing losses (TTM net loss ~$33.5M) and negative margins. Cash flow is a major weakness with continued burn (TTM FCF ~-$12.4M) and deterioration versus 2024. Balance sheet leverage is relatively modest (debt-to-equity ~0.17), but negative profitability and rising debt increase execution and funding risk.

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: Negative
• RSI: Neutral
• STOCH: Negative

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 1.58, above the 50-day MA of 2.19, and below the 200-day MA of 4.92, indicating a bearish trend. The MACD of -0.21 indicates Negative momentum. The RSI at 39.32 is Neutral, neither overbought nor oversold. The STOCH value of 86.21 is Negative, 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%
INLX	45 Neutral	$34.27M	-19.07	-15.71%	―	-7.76%	-291.41%
VBIX	44 Neutral	$18.35M	-0.53	-301.51%	―	-72.01%	12.96%
SWVL	44 Neutral	$16.94M	-2.93	-218.42%	―	-2.39%	-3.11%
CYN	43 Neutral	$12.20M	>-0.01	-166.00%	―	347.74%	84.88%

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.