Company Analysis

Cyngn Inc. (CYN)

Nasdaq: CYN · Services-Computer Programming Services · Mountain View, CA · filing with the SEC since 2021
Grade3.0
◀ Past 0.9● Present 3.0▶ Future 4.4
2 est.

The grade of Cyngn Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.0/10
◀ Past0.925% of the headline
● Present3.035% of the headline
▶ Future4.440% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

0.9/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
0.6/10

Has it survived what it has been through?

10 warning events since 2021; the latest 2026-10-30.

weight 22% of this tense · 6th percentile among 34 sector filers · read for itself

From the record

Cyngn Inc.'s filings since 2021 show 10 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 6 times, the latest 2026-10-30); a warning not to rely on past financial statements (8-K item 4.02, the latest 2025-11-07); an auditor change (8-K item 4.01, 2 times, the latest 2026-04-07); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2025-11-14) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.6/10

What has it actually done, year after year?

-5.8% a year over 4 filed years; profitable in 0 of 4.

weight 45% of this tense · 16th percentile among 33 sector filers · read for its customers

From the record

Cyngn Inc.'s 4 filed years say what it did: revenue went from $262 thousand in fiscal 2022 to $219 thousand in fiscal 2025, down 5.8% a year; it rose in 1 of 3 years; the deepest fall was 85% from fiscal 2023 to fiscal 2025; net income was positive in 0 of 4 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-5.8%bottom 17% of its family
  • the share of years revenue rosebottom 14% of its family
  • the share of filed years with a profitbottom 15% of its family
  • the deepest fall from a revenue peak85.3%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.2/10

How has it treated the people who own it?

SI estimate 0.2/10, confidence 35 of 100 (one part).

weight 33% of this tense · 2nd percentile among 32 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 2% of 32 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 32 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Cyngn Inc.'s shareholder treatment is put at 0.2 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 2% of 32 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.0/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
2.8/10

Is it financially healthy right now?

ROE -61%: lost 61¢ per shareholder dollar. Leverage 23%: owes 23¢ per asset dollar.

weight 45% of this tense · 28th percentile among 31 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Cyngn Inc. lost about 61 cents for every dollar of shareholders' money, and gross profitability: its products earned about 0 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 23 cents per dollar of assets, and net share issuance: its share count grew 34242.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 27% of its family
  • return on equitybottom 33% of its family
  • gross profit against assetsbottom 6% of its family
  • the share count against the year beforebottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
0.9/10

How strong is its position in its industry?

bottom 9% of 33 in its family; net margin -10717.7%.

weight 33% of this tense · 9th percentile among 33 sector filers · read for its customers

From the record

Cyngn Inc.'s standing among 33 graded names in its industry family: revenue of $219 thousand in fiscal 2025 ranks in the bottom 2% by size; a net margin of -10717.7% ranks in the bottom 2%; revenue growth of -5.8% a year over the last 3 filed years ranks in the bottom 23% (its annual reports).

What it rests on

  • revenue against the family$218,976bottom 2% of its family
  • net margin-10717.7%bottom 2% of its family
  • three-year revenue growth-5.8%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
6.4/10

What are the people in charge doing?

SI estimate 6.4/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 13 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
No officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 13 members with one.
What the record cannot read
No officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
family median, 13 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Cyngn Inc.'s leadership is put at 6.4 of 10 with a confidence of 20 of 100, because no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 13 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.4/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.9/10

How much room does it have to grow?

bottom 49% of 32 in its family for room to expand.

weight 22% of this tense · 49th percentile among 32 sector filers · read for itself

From the record

Cyngn Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $990 thousand against no long-term debt tagged leaves 2% of its assets as net cash, bottom 35% of its family; cash from operations less capital spending is -11328.7% of revenue (bottom 2%); a gross margin of 38% (top 36%); research spending of 5694.1% of revenue (top 2%) (its annual report).

What it rests on

  • cash less debt against assets2.0%bottom 35% of its family
  • cash from operations less capital spending against revenue-11328.7%bottom 2% of its family
  • gross margin38.0%top 36% of its family
  • research spending against revenue5694.1%top 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.3/10

What could actually drive growth from here?

top 47% of 33 in its family for growth drivers.

weight 45% of this tense · 53rd percentile among 33 sector filers · read for its customers

From the record

Cyngn Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -5.8% a year over the last three filed years against -5.8% over all 4, speeding up (top 32% of its family); the newest year grew -40.5% (bottom 8%); research spending grew 9.6% a year (top 27%); capital spending grew 10.2% a year (top 35%) (its annual reports). Cyngn Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 32% of its family
  • the newest year's revenue growth-40.5%bottom 8% of its family
  • three-year growth of research spending9.6%top 27% of its family
  • three-year growth of capital spending10.2%top 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.7/10

Did its newest year beat what its own record pointed to?

bottom 27% of 29 in its family for expectations against reality.

weight 33% of this tense · 27th percentile among 29 sector filers · read for its shareholders

From the record

Cyngn Inc.'s newest year against its own record: revenue of $219 thousand in fiscal 2025 came in 49.8% below the $436 thousand its prior three years' pace pointed to (bottom 16% of its family); net income of $23 million against a prior three-year average of $25 million (top 40%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 5%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-49.8%bottom 16% of its family
  • net income against the prior three years' average+7%top 40% of its family
  • net margin against its prior averagedown more than 100 pointsbottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CYN · research, not advice