CYNGN (CYN) Q4 2025 earnings summary

Executive summary

• Achieved record expansion among enterprise and Fortune 100 customers, with Q1 2026 sales projected to surpass total 2025 bookings, indicating strong commercial momentum.

• Tripled bookings in 2025 compared to 2024, with notable deployments at G&J Pepsi and Coats.

• Entered the agriculture sector via partnership with Chandler Automation, broadening market reach.

• Strengthened leadership with the appointment of Ran Makavy to the Board of Directors.

• Completed a $9.65 million direct offering, extending operational runway to 2028.

Financial highlights

• 2025 revenue was $219 thousand, down from $368 thousand in 2024, primarily from EAS software subscriptions.

• Total costs and expenses rose 11.6% to $25.9 million in 2025, driven by higher G&A and R&D expenses.

• Net loss for 2025 was $23.5 million, an improvement from $33.3 million in 2024.

• Q4 2025 revenue was $68.1 thousand, down from $306.4 thousand in Q4 2024.

• Q4 2025 net loss was $5.7 million, improved from $16.1 million in Q4 2024.

Outlook and guidance

• Q1 2026 bookings are on track to exceed all of 2025, reflecting accelerating sales momentum.

• Focus remains on scaling commercial footprint and advancing autonomous vehicle adoption.