| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 0.14 | 40.0% | 366.7% |
| Total Income | 0.14 | 40.0% | 366.7% |
| Expenditure | 6.90 | 2.1% | 24.6% |
| PBT | — | ||
| Net Profit | -6.35 | 2.2% | 16.5% |
| OPM | — | ||
| NPM | — | ||
| EPS | -0.45 | 23.7% | 83.3% |
Cyngn Reports Q2 2026 Financial Results
13 Aug 2026 · 13 Aug, 3:32 pm
Summary
Cyngn reported year-to-date revenue of $249 thousand for the six months ended June 30, 2026, a significant increase from $80.9 thousand in the prior year. The company's total costs and expenses rose by 29% to $13.9 million, leading to a net loss of $(12.8) million for the period. In the second quarter, revenue was $144.5 thousand, with a net loss of $(6.4) million. The company also highlighted organizational streamlining, expansion of AI-enabled operations, and strengthened commercial execution as key initiatives.
Key Highlights
- 1
Year-to-date second quarter revenue was $249 thousand, an increase from $80.9 thousand in the same period of 2025.
- 2
Revenue in Q2 2026 was $144.5 thousand, compared to $33.7 thousand in the second quarter of 2025.
- 3
Total costs and expenses for the six months ended June 30, 2026 were $13.9 million, an increase of 29% from $10.8 million in the prior year period.
- 4
Net loss for the six months ended June 30, 2026 was $(12.8) million, compared to a net loss of $(9.4) million in the same period of 2025.
- 5
Second quarter net loss was $(6.4) million, compared to a net loss of $(5.4) million in the corresponding quarter of 2025.
- 6
Cyngn's unrestricted cash and short-term investments as of June 30, 2026 totaled $39.7 million, an increase from $34.7 million as of December 31, 2025.
Management Comments
Natalie Russell
The company consolidated responsibilities, reduced management layers, and realigned resources around its highest-priority product, customer, and commercial initiatives. These actions are intended to create a leaner organization with greater accountability, faster decision-making, and a higher proportion of resources directly focused on product development, customer deployments, and revenue generation. As part of this evolution, Cyngn has expanded the use of AI-assisted tools across engineering and business operations. The Company is using these technologies to automate repeatable tasks, accelerate software development and analysis, improve internal workflows, and enable employees to operate more efficiently. Cyngn believes these tools can allow a leaner organization to maintain or improve output while directing a greater portion of its resources toward differentiated technology and commercial execution. On the product side, Cyngn continues to concentrate development on capabilities required for broader enterprise adoption of autonomous industrial vehicles. This includes interoperability with customer systems, enterprise deployment and fleet-management requirements, and capabilities that provide customers with greater flexibility and control over autonomous workflows. The Company believes this increasingly focused product strategy, together with a more efficient operating structure and disciplined commercial organization, strengthens Cyngn’s ability to convert customer interest into scalable deployments faster and at a larger scale.
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