Cyngn Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 12, 2026, reporting financial results for the three and nine months ended that date.

Key Highlights

  • Net loss of $5,959,616 for the three months ended September 30, 2026, compared to a net loss of $8,438,641 in the same quarter of 2025, according to the filing.
  • Nine-month net loss of $18,800,885 for the period ended September 30, 2026, versus $17,798,600 for the same period in 2025.
  • Revenue of $156,495 for the third quarter of 2026, up from $69,973 in the third quarter of 2025; nine-month revenue was $405,527, compared to $150,851 in the prior-year period.
  • Share count nearly doubled to 15,348,281 shares outstanding as of September 30, 2026, from 7,974,380 as of December 31, 2025, following at-the-market and public offering issuances.
  • Total assets of $49,902,654 as of September 30, 2026, with cash and cash equivalents of $3,081,033 and short-term investments of $31,801,167.
  • Accumulated deficit reached $235,623,356 as of September 30, 2026, up from $216,822,471 at December 31, 2025.
  • Net loss per share of $0.41 (basic and diluted) for Q3 2026, compared to $1.20 for Q3 2025.

Cyngn's Q3 2026 Financial Position and Operating Results

According to the filing, Cyngn Inc. (NASDAQ:CYN) reported a net loss of $5,959,616 for the three months ended September 30, 2026, an improvement from the $8,438,641 net loss recorded in the same quarter of the prior year. For the nine-month period ended September 30, 2026, the company disclosed a net loss of $18,800,885, compared to $17,798,600 for the nine months ended September 30, 2025. The weighted-average shares used in computing net loss per share were 14,714,857 for Q3 2026, versus 7,039,266 for Q3 2025, reflecting significant share issuances during the period.

The filing reports total revenue of $156,495 for the three months ended September 30, 2026, and $405,527 for the nine months ended September 30, 2026. Total costs and expenses for the nine-month period were $20,506,974, with research and development expenses of $9,014,214 and general and administrative expenses of $11,131,999. Loss from operations for the nine months ended September 30, 2026 was reported as $20,101,447. Total other income, net for the nine-month period was $1,300,562, which included other income, net of $1,237,825 and interest income, net of $62,737.

As of September 30, 2026, the company disclosed total stockholders' equity of $38,979,209, supported in part by equity raises during the nine-month period. The filing notes issuance of at-the-market common stock net of issuance costs totaling $9,166,427, and issuance of common stock in connection with a public offering totaling $8,749,466, contributing to the increase in shares outstanding from 7,974,380 at December 31, 2025 to 15,348,281 at September 30, 2026. Stock-based compensation for the nine months ended September 30, 2026 was $1,109,795. Total liabilities as of September 30, 2026 were $10,923,445, including deferred revenue of $575,289 current and $1,251,629 non-current.

What Was Disclosed

Cyngn Inc. filed its quarterly Form 10-Q for the period ended September 30, 2026, disclosing a nine-month net loss of $18,800,885, quarterly revenue of $156,495, total assets of $49,902,654, and an accumulated deficit of $235,623,356, alongside significant common stock issuances during the period.