Cyngn Reports Second Quarter 2025 Financial Results
Cyngn (Nasdaq: CYN) reported Q2 2025 financial results, highlighting a $32 million capital raise that extends runway through 2027. Q2 revenue was $33.7 thousand, up from $8.7 thousand in Q2 2024, while net loss was $5.5 million compared to $5.8 million year-over-year.
Key developments include relocation to expanded Mountain View headquarters, collaboration with NVIDIA Isaac Sim for accelerated AV development, and securing their 23rd U.S. patent. The company's DriveMod deployments expanded across manufacturing, logistics, and CPG industries. Cash position strengthened to $39.2 million as of June 30, 2025, with zero debt.
The company reported reduced R&D expenses of $2.3 million due to cost capitalization, while G&A expenses increased by $1.4 million due to higher personnel costs and executive bonuses.Cyngn (Nasdaq: CYN) ha riportato i risultati finanziari del secondo trimestre 2025, evidenziando un incremento di capitale di 32 milioni di dollari che estende la liquidit脿 fino al 2027. I ricavi del secondo trimestre sono stati di 33,7 mila dollari, in aumento rispetto agli 8,7 mila dollari del secondo trimestre 2024, mentre la perdita netta 猫 stata di 5,5 milioni di dollari rispetto ai 5,8 milioni dell'anno precedente.
Tra gli sviluppi chiave si segnalano il trasferimento nella sede ampliata di Mountain View, la collaborazione con NVIDIA Isaac Sim per accelerare lo sviluppo della guida autonoma e l'ottenimento del 23掳 brevetto statunitense. Le implementazioni di DriveMod si sono estese nei settori manifatturiero, logistico e dei beni di consumo. La posizione di cassa si 猫 rafforzata a 39,2 milioni di dollari al 30 giugno 2025, senza alcun debito.
L'azienda ha registrato una riduzione delle spese di R&S a 2,3 milioni di dollari grazie alla capitalizzazione dei costi, mentre le spese generali e amministrative sono aumentate di 1,4 milioni di dollari a causa di maggiori costi per il personale e bonus esecutivi.
Cyngn (Nasdaq: CYN) report贸 los resultados financieros del segundo trimestre de 2025, destacando una captaci贸n de capital de 32 millones de d贸lares que extiende la financiaci贸n hasta 2027. Los ingresos del segundo trimestre fueron de 33,7 mil d贸lares, un aumento respecto a los 8,7 mil d贸lares del segundo trimestre de 2024, mientras que la p茅rdida neta fue de 5,5 millones de d贸lares comparado con 5,8 millones a帽o tras a帽o.
Los desarrollos clave incluyen la reubicaci贸n a una sede ampliada en Mountain View, la colaboraci贸n con NVIDIA Isaac Sim para acelerar el desarrollo de veh铆culos aut贸nomos, y la obtenci贸n de su 23陋 patente en EE.UU.. Las implementaciones de DriveMod se expandieron en los sectores de manufactura, log铆stica y bienes de consumo. La posici贸n de efectivo se fortaleci贸 a 39,2 millones de d贸lares al 30 de junio de 2025, sin deuda.
La compa帽铆a report贸 una reducci贸n en gastos de I+D a 2,3 millones de d贸lares debido a la capitalizaci贸n de costos, mientras que los gastos generales y administrativos aumentaron en 1,4 millones de d贸lares debido a mayores costos de personal y bonos ejecutivos.
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Cyngn (Nasdaq : CYN) a publi茅 ses r茅sultats financiers du deuxi猫me trimestre 2025, mettant en avant une lev茅e de fonds de 32 millions de dollars qui prolonge la tr茅sorerie jusqu'en 2027. Le chiffre d'affaires du deuxi猫me trimestre s'est 茅lev茅 脿 33,7 milliers de dollars, en hausse par rapport 脿 8,7 milliers de dollars au deuxi猫me trimestre 2024, tandis que la perte nette s'茅tablissait 脿 5,5 millions de dollars contre 5,8 millions d'une ann茅e sur l'autre.
Les d茅veloppements cl茅s incluent le d茅m茅nagement vers le si猫ge 茅largi 脿 Mountain View, la collaboration avec NVIDIA Isaac Sim pour acc茅l茅rer le d茅veloppement des v茅hicules autonomes, et l'obtention de leur 23e brevet am茅ricain. Les d茅ploiements de DriveMod se sont 茅tendus aux secteurs de la fabrication, de la logistique et des biens de consommation. La position de tr茅sorerie s'est renforc茅e 脿 39,2 millions de dollars au 30 juin 2025, sans aucune dette.
L'entreprise a enregistr茅 une r茅duction des d茅penses en R&D 脿 2,3 millions de dollars gr芒ce 脿 la capitalisation des co没ts, tandis que les frais g茅n茅raux et administratifs ont augment茅 de 1,4 million de dollars en raison de co没ts de personnel plus 茅lev茅s et de primes aux cadres.
Cyngn (Nasdaq: CYN) meldete die Finanzergebnisse f眉r das zweite Quartal 2025 und hob eine Kapitalerh枚hung von 32 Millionen US-Dollar hervor, die die Finanzierung bis 2027 sichert. Der Umsatz im zweiten Quartal betrug 33,7 Tausend US-Dollar und stieg damit von 8,7 Tausend US-Dollar im zweiten Quartal 2024, w盲hrend der Nettoverlust mit 5,5 Millionen US-Dollar im Jahresvergleich zu 5,8 Millionen US-Dollar leicht sank.
Wesentliche Entwicklungen umfassen den Umzug in den erweiterten Hauptsitz in Mountain View, die Zusammenarbeit mit NVIDIA Isaac Sim zur Beschleunigung der Entwicklung autonomer Fahrzeuge und die Sicherung des 23. US-Patents. Die DriveMod-Eins盲tze wurden auf die Bereiche Fertigung, Logistik und Konsumg眉ter ausgeweitet. Die Liquidit盲tsposition verbesserte sich zum 30. Juni 2025 auf 39,2 Millionen US-Dollar bei null Schulden.
Das Unternehmen meldete reduzierte F&E-Ausgaben von 2,3 Millionen US-Dollar aufgrund von Kostenaktivierung, w盲hrend die Verwaltungs- und Gemeinkosten um 1,4 Millionen US-Dollar aufgrund h枚herer Personalkosten und Vorstandsboni stiegen.
- Secured $32 million capital raise extending runway through 2027
- Revenue increased to $33.7K in Q2 2025 from $8.7K in Q2 2024
- Strong cash position of $39.2M with zero debt
- Reduced quarterly net loss to $5.5M from $5.8M year-over-year
- Expanded operational capacity with new headquarters
- Secured 23rd U.S. patent strengthening IP portfolio
- Minimal revenue despite operational scale-up ($33.7K quarterly)
- Increased G&A expenses by $1.4M due to higher personnel costs
- Long sales cycles delaying revenue recognition
- Significant ongoing quarterly losses ($5.5M in Q2 2025)
Insights
Cyngn secured $32M funding extending runway through 2027, but still faces minimal revenue with widening quarterly losses despite reduced R&D spending.
Cyngn's Q2 results reveal a company in the early commercialization phase of autonomous vehicle technology with some encouraging strategic moves but concerning financial metrics. The $32 million capital raise extends their runway through 2027, providing critical breathing room for a pre-revenue company burning approximately $6.4 million in cash from operations per quarter.
Revenue remains minimal at just $33.7 thousand for Q2 2025, up from $8.7 thousand year-over-year. While this represents 289% growth, the absolute numbers highlight how early Cyngn is in its commercialization journey. The company reported a quarterly net loss of $5.5 million, slightly improved from $5.8 million in Q2 2024.
The financial structure shows interesting shifts: R&D expenses decreased 38% from $3.2 million to $1.97 million, primarily due to capitalizing development costs rather than expensing them. Meanwhile, G&A expenses increased 36% to $3.55 million, driven by sales investments and executive compensation. The shift from R&D to G&A suggests a pivot from pure development toward commercialization efforts.
Balance sheet metrics have improved, with $39.2 million in cash and investments (up from $23.6 million at year-end 2024) and working capital of $40.6 million. The company remains debt-free, providing financial flexibility during this growth phase.
The slower-than-expected revenue ramp combined with the significant capital raise points to lengthy sales cycles in the industrial automation sector. Management acknowledges this challenge, noting that "commercial wins today often translate into deployment and revenue recognition in subsequent quarters." The expanded headquarters with testing infrastructure signals an attempt to accelerate this process.
While the technology story continues to advance with 23 patents and new NVIDIA collaboration, investors should carefully monitor revenue acceleration in coming quarters to validate the business model.
Recent Operating Highlights:
- Completed a
$32 million - Relocated into new, expanded headquarters in
Mountain View, California . - Strengthened product development with听NVIDIA Isaac Sim to accelerate innovation.
- Continued expansion of听DriveMod deployments across multiple industries, including manufacturing, logistics, and CPG.
- Integrated generative AI and AI agents to enhance R&D velocity and customer engagement.
- Awarded 23rd
U.S. patent, further building听Cyngn's IP portfolio in autonomous vehicle technologies.
In Q2, Cyngn took critical steps to advance its long-term growth strategy. , extending its cash runway through 2027 based on current projections, enabling accelerated investment in product development and go-to-market initiatives.
Cyngn also expanded its footprint with a move into a new headquarters in
" including manufacturing, logistics, automotive, and consumer-packaged goods," said Lior Tal, CEO of Cyngn. "Our customers are using our autonomous tuggers to move materials around the clock, and the performance gains they're seeing continue to validate the need for scalable industrial automation."
The company's technology roadmap progressed significantly in Q2 through . By leveraging Isaac Sim, Cyngn is rapidly iterating and validating AV features in simulation before real-world testing. These capabilities, combined with the adoption of generative AI across engineering and operations, are driving faster, more efficient development cycles.
Cyngn also continued to build its portfolio of intellectual property, securing its . These developments highlight the company's sustained focus on delivering differentiated AV solutions that meet the needs of real-world industrial use cases.
"Q2 was about laying the foundation for what comes next," said Tal. "We've strengthened our balance sheet, increased our operational capacity, and doubled down on the technologies that will allow us to scale with discipline and conviction. We're heads-down on execution."
As is common with enterprise deployments of emerging technologies, Cyngn's sales cycles involve multiple stakeholders and rigorous evaluation processes. While some of the traction achieved in Q2 may not be immediately reflected in revenue, these engagements represent meaningful progress within our pipeline. The nature of industrial automation 鈥� combined with evolving macroeconomic conditions 鈥� means that commercial wins today often translate into deployment and revenue recognition in subsequent quarters. As these relationships deepen, Cyngn remains confident in its ability to convert pipeline momentum into long-term growth.
As Cyngn moves into the second half of the year, it remains focused on scaling deployments and converting commercial momentum into long-term value creation.
Q2 2025 Six Month Financial Review:
Year-to-date second quarter revenue was
Total costs and expenses in the second quarter were
Net loss for the second quarter was
Q2 2025 Three Month Financial Review:
Second quarter revenue was
Total costs and expenses in the second quarter were
Net loss for the second quarter was
Balance Sheet Highlights:
Cyngn's unrestricted cash and short-term investments as of June 30, 2025 total
[1] | All information has been retroactively adjusted to reflect the 1-for-100 reverse stock split effected on July 3, 2024 and the 1-for-150 reverse stock split effected on February 18, 2025. |
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CYNGN INC. AND SUBSIDIARIES | ||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||||
REVENUE | $ | 33,726 | $ | 8,665 | $ | 80,878 | $ | 14,179 | ||||||||||
COSTS AND EXPENSES | ||||||||||||||||||
Cost of revenue | 16,944 | 14,922 | 28,758 | 128,698 | ||||||||||||||
Research and development | 1,970,125 | 3,199,078 | 4,077,034 | 6,353,775 | ||||||||||||||
General and administrative | 3,548,522 | 2,606,869 | 6,691,984 | 5,310,269 | ||||||||||||||
TOTAL COSTS AND EXPENSES | 5,535,591 | 5,820,869 | 10,797,776 | 11,792,742 | ||||||||||||||
LOSS FROM OPERATIONS | (5,501,865) | (5,812,204) | (10,716,898) | (11,778,563) | ||||||||||||||
OTHER INCOME (EXPENSE), NET | ||||||||||||||||||
Interest income (expense), net | (197,992) | (1,669) | (123,173) | (342) | ||||||||||||||
Change in fair value of warrant liability | 鈥� | 鈥捥� | (2,544,518) | 鈥� | ||||||||||||||
Other income (expense), net | 251,545 | (5,079) | 343,435 | (10,126) | ||||||||||||||
TOTAL OTHER INCOME (EXPENSE), NET | 53,553 | (6,748) | (2,324,256) | (10,468) | ||||||||||||||
NET LOSS | $ | (5,448,312) | $ | (5,818,952) | $ | (13,041,154) | $ | (11,789,031) | ||||||||||
Net loss per share attributable to common stockholders, basic and diluted | $ | (2.70) | $ | (610.85) | $ | (8.22) | $ | (1,521.56) | ||||||||||
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 2,017,228 | 9,526 | 1,586,453 | 7,748 | ||||||||||||||
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CYNGN INC. AND SUBSIDIARIES | ||||||||
(Unaudited) | ||||||||
June 30, | December 31, | |||||||
2025 | 2024 | |||||||
ASSETS | ||||||||
CURRENT ASSETS | ||||||||
Cash | $ | 31,343,213 | $ | 23,617,733 | ||||
Short-term investments | 7,891,623 | 鈥� | ||||||
Prepaid expenses and other current assets | 4,399,798 | 1,965,222 | ||||||
TOTAL CURRENT ASSETS | 43,634,634 | 25,582,955 | ||||||
Property and equipment, net | 2,550,764 | 2,319,402 | ||||||
Right of use asset, net | 6,411,126 | 297,918 | ||||||
Intangible assets, net | 3,065,806 | 1,895,074 | ||||||
Security Deposit | 518,584 | 鈥� | ||||||
TOTAL ASSETS | $ | 56,180,914 | $ | 30,095,349 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
CURRENT LIABILITIES | ||||||||
Accounts payable | $ | 176,269 | $ | 297,778 | ||||
Accrued expenses and other current liabilities | 2,621,405 | 2,874,216 | ||||||
Current operating lease liability | 202,562 | 317,344 | ||||||
TOTAL CURRENT LIABILITIES | 3,000,236 | 3,489,338 | ||||||
Lease liability | 6,417,520 | 鈥� | ||||||
Warrant liability | 鈥� | 15,012,361 | ||||||
TOTAL LIABILITIES | 9,417,756 | 18,501,699 | ||||||
Commitments and contingencies (Note 12) | ||||||||
STOCKHOLDERS' EQUITY | ||||||||
Common stock, Par | 70 | 2 | ||||||
Additional paid-in capital | 249,074,145 | 200,863,551 | ||||||
Accumulated deficit | (202,311,057) | (189,269,903) | ||||||
TOTAL STOCKHOLDERS' EQUITY | 46,763,158 | 11,593,650 | ||||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 56,180,914 | $ | 30,095,349 | ||||
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CYNGN INC. AND SUBSIDIARIES | ||||||||
Six Months Ended | ||||||||
2025 | 2024 | |||||||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
Net loss | $ | (13,041,154) | $ | (11,789,031) | ||||
Adjustments to reconcile net loss to net cash used in operating | ||||||||
Depreciation and amortization | 603,116 | 455,879 | ||||||
Stock-based compensation | 993,131 | 1,269,675 | ||||||
AG真人官方ized gain on short-term investments | (316,324) | (88,912) | ||||||
Loss on disposed assets | 10,426 | |||||||
Patent impairment | 鈥� | 118,831 | ||||||
Change in fair value of warrant liability | 2,544,518 | 鈥� | ||||||
Changes in operating assets and liabilities: | ||||||||
Prepaid expenses, operating lease right-of-use assets, and other assets | (2,953,162) | (19,729) | ||||||
Accounts payable | (71,509) | (16,788) | ||||||
Accrued expenses, lease liabilities, and other current liabilities | (539,405) | (155,403) | ||||||
NET CASH USED IN OPERATING听ACTIVITIES | (12,770,363) | (10,225,478) | ||||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
Purchase of property and equipment | (352,853) | (577,497) | ||||||
Acquisition of intangible asset | (1,186,659) | (32,381) | ||||||
Purchase of short-term investments | (30,805,799) | (7,022,292) | ||||||
Proceeds from maturity of short-term investments | 23,230,501 | 10,610,000 | ||||||
NET CASH (USED IN) PROVIDED BY INVESTING | (9,114,810) | 2,977,830 | ||||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
Proceeds from at-the-market equity financing, net of issuance costs | 鈥� | 5,017,144 | ||||||
Proceeds from public issuance of common stock and pre-funded | 29,611,678 | 4,570,455 | ||||||
Issuance costs from public issuance of common stock and pre-funded | (1,025) | 鈥� | ||||||
Issuance costs for stock dividend and restricted stock units | 鈥� | (597) | ||||||
NET CASH (USED IN) PROVIDED BY FINANCING | 29,610,653 | 9,587,002 | ||||||
Net increase (decrease) in cash and cash equivalents and restricted cash | 7,725,480 | 2,339,354 | ||||||
Cash and cash equivalents and restricted cash, beginning of year | 23,617,733 | 3,591,623 | ||||||
Cash and cash equivalents and restricted cash, end of year | $ | 31,343,213 | $ | 5,930,977 | ||||
About Cyngn
Cyngn develops and deploys autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses significant challenges facing industrial organizations today, such as labor shortages and costly safety incidents.
Cyngn's DriveMod technology empowers customers to seamlessly bring self-driving technology to their operations without high upfront costs or infrastructure installations. DriveMod is currently available on Motrec MT-160 Tuggers and BYD Forklifts.
The DriveMod Tugger hauls up to 12,000 lbs, travels inside and out, and targets a typical payback period of less than 2 years. The DriveMod Forklift lifts heavy loads that use non-standard pallets and is currently available to select customers. For all terms referenced within, please refer to the Company's annual report on Form 10-K with the SEC filed on March 6, 2025.
Investor Contact:
Donald Alvarez, CFO
[email protected]听听
Media Contact:
Luke Renner, Head of Marketing
[email protected]听
Where to find Cyngn:
- Website:
- X:听
- LinkedIn:
- YouTube:听
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in the Company's reports to the he Securities and Exchange Commission (SEC), including, without limitation the risk factors discussed in the Company's annual report on Form 10-K filed with the SEC on March 6, 2025. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected.听Cyngn undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
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