10-Q · August 13, 2026
Cyngn's Q2 2026 revenue increased to $144,459 from $104,573 in Q1 2026 and $33,726 in Q2 2025, but diluted EPS remained negative at $0.45. The quarter included a material miss versus consensus revenue of $1.1 million…
Earnings analysis · 10-Q
CYN earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
Cyngn's Q2 2026 revenue improved to $144,459 from $104,573 in Q1 2026 and $33,726 in Q2 2025, but diluted EPS remained negative at $0.45 and revenue missed the $1.1 million consensus estimate by approximately 86.9%.…
Read full summary
Cyngn's Q2 2026 revenue improved to $144,459 from $104,573 in Q1 2026 and $33,726 in Q2 2025, but diluted EPS remained negative at $0.45 and revenue missed the $1.1 million consensus estimate by approximately 86.9%. This Form 10-Q/A does not provide new financial or outlook information; it solely adds the 1 omitted Exhibit 10.3. The combination of continued losses, a severe revenue miss, and the filing-control error supports a bearish assessment.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.45
What stood out
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Revenue improved sequentially and year over year
Q2 2026 revenue was $144,459, up from $104,573 in Q1 2026 and $33,726 in Q2 2025, representing sequential and year-over-year improvement.
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EPS remained materially negative
Reported diluted EPS was negative $0.45, below the consensus estimate of negative $0.30 by $0.15.
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Revenue materially missed consensus
Revenue of $144,459 was $955,541 below the $1.1 million consensus estimate, or approximately 86.9% below consensus.
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Omitted exhibit was added
The amendment adds Exhibit 10.3, an amended and restated offer letter dated August 12, 2026, after the exhibit was inadvertently omitted from the original filing.
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Current share count disclosed
The company reported 14,423,281 common shares outstanding as of August 13, 2026, providing the current disclosed equity base.
What to watch
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Filing-control error required amendment
The filing is a Form 10-Q/A because 1 exhibit, Exhibit 10.3, was inadvertently omitted from the original filing. Although the amendment adds the exhibit, the omission indicates a filing-control weakness.
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Continued losses despite revenue growth
The company reported diluted EPS of negative $0.45 for Q2 2026, indicating continued per-share losses despite revenue increasing to $144,459 from $104,573 in the prior quarter.
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Severe revenue miss
Revenue of $144,459 was approximately 86.9% below the $1.1 million consensus estimate, highlighting substantial execution and demand uncertainty.
Management's outlook
No quantitative revenue or EPS outlook is provided in this Form 10-Q/A. The amendment states that it does not amend, update, or restate the original filing and only adds omitted Exhibit 10.3.
Earlier filings 2
10-Q · May 14, 2026
Cyngn Inc. reported a significant drop in revenue for Q4 2026, posting $68.1 million, a decrease of 77.75% compared to the estimated $300 million. The gross margin surged to 17.5%, while the diluted EPS came in at…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.