Revenue for the third quarter rose 47% to $70.0 k, up from $47.6 k in Q3 2024, while nine‑month revenue climbed 145% to $150.9 k from $61.8 k a year earlier. The growth is driven by Enterprise Autonomy Suite subscriptions that are tied to DriveMod tugger deployments at key customers such as G&J Pepsi and Coats, indicating that the company’s commercial traction is accelerating.
Cyngn’s net loss for Q3 2025 was $8.4 million, compared with a $5.4 million loss in the same quarter last year. The widening loss reflects a $578 k increase in general and administrative expenses and a $1.9 million rise in operating expenses year‑over‑year for the nine‑month period. A $1.1 million fair‑value gain on warrants partially offset the loss, but the company remains in a loss‑making phase as it invests heavily in sales expansion and technology development.
Cash and short‑term investments totaled $34.9 million at September 30, 2025, up from $23.6 million at December 31, 2024. The increase is largely attributable to a $27.4 million capital raise in June 2025. With zero debt, Cyngn now has a runway that extends through 2027, giving it time to scale deployments and move toward cash‑flow breakeven.
The company’s commercial momentum is underscored by new DriveMod tugger deployments at G&J Pepsi and Coats, and by the continued growth of its Enterprise Autonomy Suite subscription base. Cyngn is expanding its sales organization to accelerate pipeline quality, while pursuing SOC 2 Type II and ISO 27001 certifications to reinforce its security and compliance posture—critical for enterprise customers. The company also secured its 23rd U.S. patent, strengthening its intellectual‑property portfolio.
Management emphasized disciplined capital allocation and operational controls. CFO Natalie Russell highlighted the company’s shift from a development‑heavy phase to a commercial growth phase, investing in technology, compliance, and sales while maintaining a strong liquidity position. The extended runway and growing revenue suggest a path toward profitability, though Cyngn remains in a loss‑making phase as it scales its autonomous‑vehicle solutions.
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