Revenue: As of FY2025, the actual value is USD 218.98 K, missing the estimate of USD 481 K.EPS: As of FY2025, the actual value is USD -5.17.EBIT: As of FY2025, the actual value is USD -25.89 M.Cyngn Inc. operates as a single business segment, focusing on autonomous vehicle technology for industrial uses. <h4>Revenue</h4>Total revenue was $218,976 in 2025, primarily from EAS subscriptions and hardware, which is a decrease from $368,138 in 2024. <h4>Operational Metrics</h4>Cost of revenue was $135,749 in 2025, compared to $535,708 in 2024. Loss from operations was -$25,688,241 in 2025, compared to -$22,828,075 in 2024. Net loss for 2025 was -$23.5 million, an improvement from -$33.3 million in 2024. Research and development expenses increased by $1.2 million (10.7%) to $12.5 million in 2025 from $11.3 million in 2024. General and administrative expenses increased by approximately $1.9 million (16.7%) to $13.3 million in 2025 from $11.4 million in 2024. Total costs and expenses were $25,907,217 in 2025, up from $23,196,213 in 2024. Interest income (expense), net, increased by $1.3 million to $0.2 million in 2025 from -$1.1 million in 2024. Other income (expense), net, increased by $12.7 million to $2.2 million in 2025 from -$10.5 million in 2024. Stock-based compensation expense was $1,620,992 in 2025, a decrease from $2,449,191 in 2024. <h4>Cash Flow</h4>Net cash used in operating activities was -$23.6 million in 2025, an increase of approximately $4.4 million (22.8%) compared to -$19.2 million in 2024. Net cash used in investing activities was -$34,134,407 in 2025, compared to net cash provided by investing activities of $2,935,230 in 2024. Net cash provided by financing activities was $35,083,353 in 2025, a decrease from $36,286,961 in 2024. <h4>Unique Metrics</h4>The accumulated deficit was $216.8 million as of December 31, 2025, compared to $193.4 million as of December 31, 2024. Cash and cash equivalents were $1.0 million as of December 31, 2025, down from $23.6 million as of December 31, 2024. Short-term investments were $33.7 million as of December 31, 2025, with no short-term investments held as of December 31, 2024. Inventory totaled $2.0 million as of December 31, 2025, compared to $0.2 million as of December 31, 2024. The Company had remaining performance obligations of $1,658,015 as of December 31, 2025, with approximately 25% expected to be recognized in 2026. <h4>Outlook / Guidance</h4>Management anticipates continued development and enhancement of its Enterprise Autonomy Suite (EAS), expecting annual R&amp;D expenditures to exceed those of 2025 in the foreseeable future. Cyngn Inc. aims for sustained revenue growth through ongoing SaaS-style EAS subscriptions and plans to expand its customer base via OEM partnerships and direct engagement with industrial organizations. Based on cash flow projections, management believes the company possesses sufficient funds for sustainable operations and can meet its payment obligations for the next 12 months.

Cyngn | 10-K: FY2025 Revenue Misses Estimate at USD 218.98 K