Cyngn Inc. Common Stock (CYN)

FairStock Score: 56/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Cyngn is a speculative autonomous-vehicle software venture. It sells an Enterprise Autonomy Suite for industrial vehicles, but the numbers show a business still searching for commercial traction. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $144,459, while net income was -$6.4 million and diluted EPS was -$0.45. For fiscal 2025, the year ended 2025-12-31, revenue was $218,976 and net loss was -$23.5 million. For fiscal 2024, the year ended 2024-12-31, revenue was $368,138 and net loss was -$33.3 million. Revenue at the annual level actually fell from fiscal 2024 to fiscal 2025, even as losses remained enormous. That is not the profile of a business with a widening moat; it is a cash-consuming development-stage company. The FairStock metrics support caution: Piotroski F-Score 3/9, Altman Z-Score -4.95, free cash flow -$24.3 million, and an FCF yield of -350.3%. With a $6.9 million market cap at the 2026-10-13 close of $0.48, the equity is priced as a call option on future results. P/B of 0.16 and P/E of -1.66 may attract bargain screens, but a negative P/E simply reflects losses, and a low P/B can be meaningless when book value is being consumed by cash burn. Graham wanted a margin of safety in proven earning power and assets; Buffett wants durable competitive advantage and predictable cash generation. Cyngn has neither today. Revenue is too small, losses too large, and dependence on future capital likely. I would watch for sustained revenue growth, narrower cash burn, and a path to positive gross profit, but this remains speculation, not value investing.

In plain English: Cyngn makes software that helps industrial vehicles drive themselves. It is a very small company with almost no sales and large losses, and it has lost money every year. At $0.48 a share, the price looks more like a bet on future success than a bargain based on today's numbers.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K/A (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer