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.

Revenue

Cyngn Inc.’s revenue for the first quarter of 2026 was $105 thousand, an increase from $47 thousand in the first quarter of 2025. This revenue primarily consisted of Enterprise Autonomy Suite (EAS) software subscriptions from DriveMod tugger vehicle deployments .

Costs and Expenses

Total costs and expenses for the first quarter of 2026 amounted to $7.1 million, representing a 34% increase or $1.8 million from $5.3 million in the first quarter of 2025. This increase was driven by a $1.0 million rise in general and administrative (G&A) expenses, mainly due to increased board of director’s pay and marketing expenses, and an $0.8 million increase in research and development (R&D) due to a change in accounting estimate for capitalized software. Cost of revenue also increased by $46 thousand .

Other Income, Net

Other income, net, for the first quarter of 2026 was $0.5 million, down from $1.3 million in the first quarter of 2025, primarily due to a decrease in the fair value measurement of warrants issued in the prior year .

Net Loss

Net loss for the first quarter of 2026 was - $6.5 million, compared to a net loss of - $3.9 million in the corresponding quarter of 2025. Loss from operations for Q1 2026 was - $6,941,771, compared to - $5,215,033 for Q1 2025 .

Balance Sheet Highlights

As of March 31, 2026, Cyngn Inc. reported unrestricted cash and short-term investments totaling $44.4 million, an increase from $34.7 million as of December 31, 2025. Working capital stood at $45.8 million, up from $34.4 million at year-end 2025. Total stockholders’ equity reached $50.6 million, compared to $38.8 million as of December 31, 2025. The company had no debt as of March 31, 2026, and December 31, 2025. Total assets were $60,957,892 as of March 31, 2026, compared to $50,053,215 as of December 31, 2025. Total liabilities were $10,388,062 as of March 31, 2026, compared to $11,298,809 as of December 31, 2025 .

Cash Flow

Net cash used in operating activities was - $8,403,609 for the first quarter of 2026, compared to - $6,513,068 for the first quarter of 2025. Net cash used in investing activities was - $5,370,806 for Q1 2026, an improvement from - $16,101,309 for Q1 2025. Net cash provided by financing activities significantly increased to $17,915,894 for Q1 2026, compared to - $1,025 for Q1 2025. This resulted in a net increase in cash and cash equivalents of $4,141,479 for Q1 2026, contrasting with a decrease of - $22,615,402 in Q1 2025 .

Operational Metrics

Cyngn Inc. reported record expansion activity among enterprise customers, including additional autonomous vehicle deployments. Deployment activity expanded across manufacturing, logistics, and agriculture environments, with new deployments at Vann Family Orchards and a WEG electric motor manufacturing facility. Autonomous missions completed in Q1 2026 increased by more than 127% year-over-year, and autonomous driving time increased by more than 60%. The company also expanded its intellectual property portfolio with the issuance of its 24th U.S. patent .

Funding and Outlook

Cyngn Inc. closed a $9.65 million registered direct offering, which is expected to extend the company’s financial runway until 2028. These developments are believed to position the company to pursue larger enterprise opportunities and deepen expansion within its existing customer base .