Revenue: As of FY2026 Q1, the actual value is USD 104.57 K, missing the estimate of USD 400 K.EPS: As of FY2026 Q1, the actual value is USD -0.59.EBIT: As of FY2026 Q1, the actual value is USD -6.964 M.Cyngn Inc. operates as one business segment. <h4>Operational Metrics</h4><ul><li>Revenue: Revenue increased by $57,421, or 121.8%, to $104,573 for the three months ended March 31, 2026, from $47,152 for the three months ended March 31, 2025, primarily due to an increase in tugger deployments. </li><li>Cost of Revenue: Cost of revenue increased by $45,537, or 385.5%, to $57,350 for the three months ended March 31, 2026, from $11,813 for the three months ended March 31, 2025. This increase is attributed to costs related to increased tugger deployments, including personnel, travel, and associated hardware costs. </li><li>Research and Development (R&amp;D) Expense: R&amp;D expense increased by approximately $0.8 million, or 37.1%, to $2.9 million for the three months ended March 31, 2026, from approximately $2.1 million for the same period in 2025. </li><li>General and Administrative Expense: General and administrative expenses increased by approximately $1.0 million, or 30.4%, to $4.1 million for the three months ended March 31, 2026, from approximately $3.1 million for the same period in 2025, primarily due to higher personnel-related costs and increased marketing and advertising expenses. </li><li>Interest Income, net: Interest income, net, decreased by $52,749 to $22,070 for the three months ended March 31, 2026, from $74,819 for the same period in 2025. </li><li>Other Income, net: Other income, net, decreased by $0.8 million to $0.4 million for the three months ended March 31, 2026, from $1.2 million for the same period in 2025. </li></ul><h4>Cash Flow</h4><ul><li>Net Cash Used in Operating Activities: Net cash used in operating activities was approximately - $8.4 million for the three months ended March 31, 2026, an increase of approximately $1.9 million or 29.0% compared to approximately - $6.5 million for the same period in 2025. </li><li>Net Cash Used in Investing Activities: Net cash used in investing activities was approximately - $5.4 million for the three months ended March 31, 2026, a decrease of approximately $10.7 million compared to net cash used in investing activities of approximately - $16.1 million for the same period in 2025. </li><li>Net Cash Provided by Financing Activities: Net cash provided by financing activities was $17.9 million for the three months ended March 31, 2026, including $8.7 million in proceeds from a registered direct offering of common stock and $9.2 million in proceeds from at-the-market equity financings. </li></ul><h4>Unique Metrics</h4><ul><li>Tugger Deployments: The increase in revenue and cost of revenue is linked to an increase in tugger deployments in 2026. </li><li>EAS Subscriptions: Cyngn Inc. expects to generate sustained revenue growth largely from ongoing SaaS-style Enterprise Autonomy Suite (EAS) subscriptions. </li></ul><h4>Future Outlook and Strategy</h4>Cyngn Inc. is focused on developing and deploying scalable, differentiated autonomous vehicle technology for industrial uses, aiming to address industry challenges such as labor shortages and lagging technological advancements through strategic collaborations and a “land and expand” approach. The company anticipates R&amp;D expenditures to exceed 2025 levels in the foreseeable future as the EAS is continually developed and enhanced. Management believes Cyngn Inc. has sufficient funds for sustainable operations and will meet its payment obligations for the next 12 months, based on cash flow projections and existing cash and short-term investments.

Cyngn | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 104.57 K