Cyngn

CYN

Software - Application · Technology

Price

$1.08

-0.04 (-3.57%)

Market Cap

$7.7M

Exchange

NASDAQ Capital Market

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Jul 26, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+6941.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 64K (2021) → 4.5M (2025)

Cyngn is a small American technology company that builds self-driving software for industrial vehicles. Its main product, called DriveMod, is designed to automate forklifts and other warehouse or factory vehicles used by manufacturers and logistics companies. The company focuses on making existing industrial equipment autonomous without requiring customers to buy entirely new machines.

Cyngn earns revenue by licensing its autonomous driving software and selling related hardware kits to industrial customers across the United States. The company is very small, with a market cap near zero and an operating loss that dwarfs its revenue — meaning it spends far more than it brings in. Its main competitive angle is specializing in industrial settings rather than competing directly with self-driving car companies, but the biggest risk it faces is running out of cash before it can scale its customer base enough to reach profitability.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+121.8% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+91.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$12M/ year

↑ Rising (+11% vs prior year)

>1,000% of revenue

379.6x the sector average (15%)

Investing heavily in future products and technology

Insider Activity

0.0%ownership

Relatively low insider ownership

Cash Runway

~15 months

$44M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

Strong grower

Cyngn is growing revenue at 122% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

45.2%

Healthy — 45.2% gross margin

Operating Margin

-6638.2%

Losing money on operations — -6638.2%

ROCE

-13.6%

Weak — -13.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-32.5%

Shrinking sales (-32.5% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-9711.7%

Burning cash (-9711.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.01

Conservative — low debt load (0.01)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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