Cyngn (CYN) AI Stock Analysis

• Market Cap: $38.58M
• Dividend Yield: N/A
• Average Volume (3M): 329.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 4.89
• Revenue Growth: 445.29%
• EPS Growth: 87.35%
• Country: US
• Employees: 58
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -2.70
• Shares Outstanding: 7,039,266
• 10 Day Avg. Volume: 193,453
• 30 Day Avg. Volume: 329,209
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: -0.09
• Enterprise Value/Revenue: -7.81
• Enterprise Value/Gross Profit: 3.66K
• Enterprise Value/Ebitda: 0.16
• 1Y Price Target: $6.00
• Price Target Upside: 9.49% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 45 Neutral
• Price Target: $6.00 ▲(9.49% Upside)

Cyngn's overall stock score is primarily impacted by its financial challenges, with negative profitability and cash flow issues being significant concerns. Technical analysis indicates bearish momentum, further weighing on the score. However, recent corporate events, including capital raises and leadership changes, provide a positive outlook, slightly offsetting the negative financial and technical indicators.

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

Cyngn faces significant financial challenges, particularly in profitability and cash flow management. Despite revenue growth, the company struggles with high costs and negative margins. The balance sheet shows low leverage, but profitability metrics are concerning. Cash flow issues further highlight the need for strategic improvements in operations and cost control.

Income Statement

Cyngn's income statement reveals significant challenges. The company has consistently negative net profit margins, with the TTM showing a net profit margin of -70.15%. Revenue growth is positive at 6.12% TTM, but the company struggles with profitability, as indicated by negative EBIT and EBITDA margins. The gross profit margin is also negative, highlighting cost management issues.

Balance Sheet

The balance sheet indicates a relatively low debt-to-equity ratio of 0.14 TTM, suggesting manageable leverage. However, the return on equity is deeply negative at -140.01%, reflecting poor profitability. The equity ratio is not explicitly calculated, but the company's equity position appears stable relative to its assets.

Cash Flow

Cash flow analysis shows a challenging situation with negative operating and free cash flows. The free cash flow growth rate is positive at 28.36% TTM, but the operating cash flow to net income ratio is negative, indicating cash flow issues. The free cash flow to net income ratio is slightly above 1, suggesting some alignment between cash flow and reported earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	434.84K	368.14K	1.49M	262.00K	0.00	0.00
Gross Profit	-929.00	-167.57K	267.00K	75.18K	-85.86K	-159.04K
EBITDA	-21.29M	-22.16M	-22.38M	-18.80M	-9.31M	-8.21M
Net Income	-30.50M	-29.25M	-22.81M	-19.24M	-7.80M	-8.34M
Balance Sheet
Total Assets	56.18M	30.10M	13.03M	25.51M	22.65M	6.67M
Cash, Cash Equivalents and Short-Term Investments	39.23M	23.62M	8.15M	22.60M	21.95M	6.06M
Total Debt	6.62M	317.34K	1.00M	376.62K	11.68K	695.08K
Total Liabilities	9.42M	18.50M	2.40M	1.39M	407.43K	1.08M
Stockholders Equity	46.76M	11.59M	10.64M	24.12M	22.25M	5.60M
Cash Flow
Free Cash Flow	-18.26M	-10.54M	-21.24M	-17.67M	-8.70M	-7.92M
Operating Cash Flow	-17.06M	-9.49M	-19.48M	-16.30M	-8.64M	-7.92M
Investing Cash Flow	-9.16M	2.94M	6.36M	-13.35M	-20.02K	0.00
Financing Cash Flow	51.63M	26.58M	6.12M	18.24M	24.20M	695.70K

Cyngn Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 5.48 is below the 20-day moving average (MA) of 5.51, below the 50-day MA of 6.89, and below the 200-day MA of 67.76, indicating a bearish trend. The MACD of -0.37 indicates Negative momentum. The RSI at 44.27 is Neutral, neither overbought nor oversold. The STOCH value of 51.36 is Neutral, 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
CYN	45 Neutral	$38.58M	―	-108.13%	―	445.29%	87.35%
JTAI	41 Neutral	10.27M	-0.07	-104.52%	―	-11.66%	85.47%
VS	39 Underperform	9.71M	-3.72	0.00%	―	1873.85%	91.70%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Cyngn Corporate Events

Cyngn Enters $100M At-The-Market Sales Agreement

On September 5, 2025, Cyngn Inc. entered into an At-The-Market Issuance Sales Agreement with Aegis Capital Corp., allowing the company to sell up to $100 million of its common stock through market offerings. This agreement provides flexibility for Cyngn to raise capital by selling shares at prevailing market prices, with Aegis Capital Corp. acting as the sales agent and receiving a commission of up to 3% of the gross proceeds. The agreement includes indemnification clauses and can be terminated by either party.

Cyngn Appoints Natalie Russell as New CFO

Cyngn Inc. has appointed Natalie Russell as its new Chief Financial Officer, effective August 12, 2025. Russell, who joined Cyngn in March 2023 as Director of Accounting, has a robust background in technical accounting and financial reporting, having worked at SOAProjects, Inc. and Ernst & Young. Her appointment is seen as a strategic move to bolster the company’s financial leadership as it continues to pursue growth in the industrial autonomous vehicle sector. The company has also entered into a Severance and Change of Control Agreement with Russell, outlining terms for her compensation and benefits in various employment termination scenarios.

Cyngn Secures $14.7 Million in Direct Offering

On June 27, 2025, Cyngn Inc. announced a securities purchase agreement with institutional investors for a registered direct offering of common stock and pre-funded warrants, raising approximately $14.7 million in net proceeds. The offering closed on June 30, 2025, and the funds will be used for general corporate purposes, including working capital, enhancing Cyngn’s operational capabilities and market positioning.

Cyngn Raises $12.7M in Direct Offering

On June 26, 2025, Cyngn Inc. announced a securities purchase agreement with institutional investors to sell 192,496 shares of common stock and 2,801,516 pre-funded warrants in a registered direct offering, raising approximately $12.7 million after expenses. The offering, which closed on June 27, 2025, aims to support general corporate purposes and working capital, with Aegis Capital Corp. acting as the exclusive placement agent. This move is expected to bolster Cyngn’s financial position, allowing it to continue addressing industrial challenges through its autonomous vehicle technology.