Cyngn reports Q1 2026: Revenue $0.10M, net loss $6.49M, cash & short-term investments $44.4M

Cyngn reported Q1 2026 results with revenue of $104,573 and a net loss of $6.49M. Total costs were $7.05M, leading to a loss from operations of $6.94M. The company has $44.4M in cash and short-term investments. A $9.65M direct offering in March extends its runway to 2028. Operationally, autonomous missions increased by 127% year-over-year, and the company expanded its deployments in various sectors.

Cyngn reported first-quarter 2026 results showing revenue of $104,573 and a net loss of $6,486,759, with unrestricted cash and short-term investments of $44.4 million as of March 31, 2026. Total costs and expenses for the quarter were $7.05 million, driving a loss from operations of $6.94 million. The company completed a $9.65 million registered direct offering in March, which management says extends its runway to 2028.

Financial Highlights

Revenue: $104,573 for the three months ended March 31, 2026 (compared with $47,152 in Q1 2025).
Cost of revenue: $57,350 for Q1 2026.
Total costs and expenses: $7,046,344 for Q1 2026 (up from $5,262,185 in Q1 2025).
Net loss: $(6,486,759) for Q1 2026 (compared with $(3,911,647) in Q1 2025); net loss per share, basic and diluted: $(0.59).
Cash and short-term investments: $44.4 million as of March 31, 2026; working capital: $45.8 million; total stockholders’ equity: $50.6 million.

Business Highlights

Recorded expanded deployment activity among enterprise customers, including additional autonomous vehicle deployments at existing sites.
Expanded deployments across manufacturing, logistics, and agriculture, including new deployments at Vann Family Orchards and a WEG electric motor manufacturing facility.
Operational utilization increased: autonomous missions completed rose more than 127% year-over-year in Q1 2026 and autonomous driving time increased more than 60%.
Invested in enterprise fleet management capabilities and on-prem deployment options to support larger fleets and complex customer environments.
Expanded intellectual property with issuance of the company's 24th U.S. patent and continued collaboration with NVIDIA Isaac Sim for simulation and validation workflows.

Original SEC Filing: Cyngn Inc. [ CYN ] - 8-K - May. 21, 2026

Disclaimer

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

Financial Highlights

Revenue: $104,573 for the three months ended March 31, 2026 (compared with $47,152 in Q1 2025).
Cost of revenue: $57,350 for Q1 2026.
Total costs and expenses: $7,046,344 for Q1 2026 (up from $5,262,185 in Q1 2025).
Net loss: $(6,486,759) for Q1 2026 (compared with $(3,911,647) in Q1 2025); net loss per share, basic and diluted: $(0.59).
Cash and short-term investments: $44.4 million as of March 31, 2026; working capital: $45.8 million; total stockholders’ equity: $50.6 million.

Business Highlights

Recorded expanded deployment activity among enterprise customers, including additional autonomous vehicle deployments at existing sites.
Expanded deployments across manufacturing, logistics, and agriculture, including new deployments at Vann Family Orchards and a WEG electric motor manufacturing facility.
Operational utilization increased: autonomous missions completed rose more than 127% year-over-year in Q1 2026 and autonomous driving time increased more than 60%.
Invested in enterprise fleet management capabilities and on-prem deployment options to support larger fleets and complex customer environments.
Expanded intellectual property with issuance of the company's 24th U.S. patent and continued collaboration with NVIDIA Isaac Sim for simulation and validation workflows.

Original SEC Filing: Cyngn Inc. [ CYN ] - 8-K - May. 21, 2026

Disclaimer

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.