Cyngn Inc. (CYN) intrinsic value & 10-year financials

Cyngn Inc. (CYN) has a Graham intrinsic value of $13.83 per share. At $0.44 on Oct 17, 2026, the stock trades 97% below that value. Over the last 7 fiscal years revenue shrank 5.8% a year to $219.0K, with an average return on invested capital of -166.3%.

Graham intrinsic value
$13.83
Share price (Oct 17, 2026)
$0.44
Price vs Graham value
97% below
Market cap
$2.0M
Revenue (FY2025)
$219.0K
Revenue growth (7-yr CAGR)
-5.8%
ROIC (10-yr avg)
-166.3%
Free cash flow (FY2025)
-$24.8M

CYN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $219.0K -$23.5M -$5.17 -$24.8M -11731.1% -53.0%
FY2024 $368.1K -$29.3M -$6.45 -$10.5M -6201.0% -397.4%
FY2023 $1.5M -$22.8M -$0.00 -$20.5M -1567.6% -309.9%
FY2022 $262.0K -$19.2M -$0.00 -$17.2M -7404.9% -83.7%
FY2021 — -$7.8M -$0.00 — — -67.5%
FY2020 — -$8.3M — — — -86.3%
FY2019 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Cyngn Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Cyngn Inc. has historically struggled to out-earn its cost of capital, averaging just -49.6% ROIC.

Cyngn Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Cyngn Inc. is modeled at -5.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $13.83 per share.

CYN stock: frequently asked questions

What is the intrinsic value of Cyngn Inc. (CYN) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -5.8% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CYN's intrinsic value is about $13.83 per share.

Is CYN stock undervalued?

At $0.44 (close on Oct 17, 2026), CYN trades 97% below its Graham value of $13.83. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Cyngn Inc. generate free cash flow?

Cyngn Inc. generated -$24.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 4 reported years.

What is CYN's return on invested capital?

Average ROIC over the last 7 fiscal years was -166.3%, and average return on equity was -118.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CYN data come from?

From Cyngn Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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