Estados financieros detallados de Cyngn Inc. (CYN): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Márgenes de los últimos 12 meses: margen bruto 34.6%, margen operativo -74.1%, margen neto -69.6%.
Al precio actual de $0.72, CYN presenta beneficios negativos (P/E no significativo) y un ROE del -60.56%. La capitalización bursátil es de $10M.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $124501 | 0 | 0 | $262000 | $1.5M | $368138 | $218976 |
| Coste de Ventas | 0 | $159040 | 0 | $186823 | $1.2M | $535708 | $135749 |
| Beneficio Bruto | 0 | -$159040 | 0 | $75177 | $266996 | -$167570 | $83227 |
| I+D | $5.7M | $5.1M | $5.0M | $9.5M | $12.7M | $11.3M | $12.5M |
| Generales y Administrativos | $4.0M | $3.1M | $4.4M | $10.0M | $10.9M | $11.4M | $13.3M |
| Gastos Operativos | $9.7M | $8.2M | $9.4M | $19.5M | $23.6M | $22.7M | $25.8M |
| Beneficio Operativo | -$9.6M | -$8.4M | -$9.4M | -$19.4M | -$23.3M | -$22.8M | -$25.7M |
| EBITDA | -$9.2M | -$8.2M | -$7.7M | -$18.6M | -$21.9M | -$27.5M | -$22.3M |
| Gastos por Intereses | 0 | 0 | $9580 | 0 | 0 | $1.1M | 0 |
| Beneficio Antes de Impuestos | -$9.3M | -$8.3M | -$7.8M | -$19.2M | -$22.8M | -$29.3M | -$23.5M |
| Impuestos | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$9.3M | -$8.3M | -$7.8M | -$19.2M | -$22.8M | -$29.3M | -$23.5M |
| BPA | $-901.95 | $-798.43 | $-120.96 | $-55.04 | $-51.86 | $-22.13 | $-5.17 |
| BPA Diluido | $-901.95 | $-798.35 | $-120.96 | $-55.04 | $-51.86 | $-22.13 | $-5.17 |
| Acciones en Circulación (Diluidas) | $10350 | $10445 | $64478 | $349477 | $439866 | $1.3M | $4.5M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $69973 | $68125 | $104573 | $144459 |
| Beneficio Bruto | $19157 | $11950 | $47223 | $55476 |
| Beneficio Operativo | -$8.4M | -$6.6M | -$6.9M | -$6.8M |
| EBITDA | -$7.9M | -$5.4M | -$6.2M | -$6.4M |
| Beneficio Neto | -$8.4M | -$5.7M | -$6.5M | -$6.4M |
| BPA | $-1.20 | $-0.79 | $-0.59 | $-0.45 |
| BPA Diluido | $-1.20 | $-0.79 | $-0.59 | $-0.45 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $13.3M | $6.1M | $21.9M | $10.5M | $3.6M | $23.6M | $990023 |
| Inversiones a Corto | 0 | 0 | 0 | $12.1M | $4.6M | 0 | $33.7M |
| Cuentas por Cobrar | 0 | 0 | 0 | $210944 | $775223 | $1.4M | $1.5M |
| Inventario | 0 | 0 | 0 | $66780 | 0 | $150241 | $2.0M |
| Activos Corrientes | $13.8M | $6.5M | $22.5M | $23.8M | $9.5M | $25.6M | $39.8M |
| Inmovilizado Material | $289378 | $133805 | $102787 | $1.3M | $2.5M | $2.6M | $9.2M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $37850 | $34383 | $30917 | $473076 | $1.1M | $1.9M | $466223 |
| Activos Totales | $14.1M | $6.7M | $22.7M | $25.5M | $13.0M | $30.1M | $50.1M |
| Cuentas por Pagar | $116351 | $73016 | $112271 | $155943 | $196963 | $297778 | $217439 |
| Deuda a Corto | $55775 | 0 | 0 | 0 | 0 | 0 | $312365 |
| Pasivos Corrientes | $286218 | $380418 | $407427 | $1.4M | $2.1M | $3.5M | $4.8M |
| Deuda a Largo | 0 | $695078 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $286218 | $1.1M | $407427 | $1.4M | $2.4M | $18.5M | $11.3M |
| Reservas | -$100.4M | -$108.7M | -$116.5M | -$135.7M | -$160.0M | -$189.3M | -$216.8M |
| Patrimonio Neto | $13.8M | $5.6M | $22.2M | $24.1M | $10.6M | $11.6M | $38.8M |
| Deuda Total | $55775 | $695078 | 0 | $376622 | $1.0M | $317344 | $6.8M |
| Deuda Neta | -$13.2M | -$5.4M | -$21.9M | -$22.2M | -$7.2M | -$23.3M | -$27.9M |
| Capital Circulante | $13.5M | $6.1M | $22.1M | $22.4M | $7.4M | $22.1M | $35.0M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $4.8M | $990023 | $5.1M | $2.2M |
| Activos Totales | $49.3M | $50.1M | $61.0M | $55.0M |
| Pasivos Totales | $10.6M | $11.3M | $10.4M | $10.4M |
| Patrimonio Neto | $38.7M | $38.8M | $50.6M | $44.6M |
| Deuda Total | $6.7M | $6.8M | $6.9M | $6.8M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$9.3M | -$8.3M | -$7.8M | -$19.2M | -$22.8M | -$29.3M | -$23.5M |
| Amortizaciones | $159275 | $159040 | $85855 | $604871 | $961281 | $669409 | $1.2M |
| Compensación en Acciones | $213195 | $131732 | $1.1M | $2.9M | $3.2M | $2.4M | $1.6M |
| Cambio en Capital Circulante | -$409249 | $127973 | -$433701 | -$445067 | -$392367 | $10.1M | -$2.4M |
| Flujo de Caja Operativo | -$9.4M | -$7.9M | -$8.6M | -$16.3M | -$19.5M | -$9.5M | -$23.6M |
| Inversiones (CapEx) | 0 | 0 | -$62204 | -$1.4M | -$1.8M | -$1.1M | -$1.2M |
| Adquisiciones | 0 | 0 | $42189 | $456822 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | -$16182 | -$597 | 0 |
| Flujo de Caja Libre | -$9.4M | -$7.9M | -$8.7M | -$17.7M | -$21.2M | -$10.5M | -$24.8M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$4.1M | -$6.7M | -$8.4M | -$4.8M |
| Inversiones (CapEx) | -$519516 | -$387226 | -$294421 | -$326422 |
| Flujo de Caja Libre | -$4.6M | -$7.1M | -$8.7M | -$5.1M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $354856 | 0 | $386289 | $376483 |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -100.0% | | | +468.4% | -75.3% | -40.5% |
| Crecimiento Beneficio Neto (anual) | | +10.7% | +6.5% | -146.6% | -18.6% | -28.2% | +19.8% |
| Crecimiento BPA (anual) | | +11.5% | +84.9% | +54.5% | +5.8% | +57.3% | +76.6% |
| Cambio en Acciones (anual) | | +0.9% | +517.3% | +442.0% | +25.9% | +200.6% | +243.4% |
| Crecimiento FCF (anual) | | +15.5% | -9.9% | -103.0% | -20.2% | +50.4% | -135.3% |
| Margen Bruto | 0.0% | | | 28.7% | 17.9% | -45.5% | 38.0% |
| Margen Operativo | -7683.2% | | | -7404.9% | -1567.6% | -6201.0% | -11731.1% |
| Margen EBITDA | -7370.1% | | | -7111.3% | -1469.1% | -7460.6% | -10174.4% |
| Margen Neto | -7498.1% | | | -7342.2% | -1531.7% | -7946.0% | -10717.7% |
| Margen FCF | -7527.6% | | | -6745.9% | -1426.3% | -2864.4% | -11328.7% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-905.50 | $-758.26 | $-135.00 | $-50.57 | $-48.29 | $-7.98 | $-5.46 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $10350 | $10444 | $64478 | $349477 | $439866 | $1.3M | $4.5M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -60.56% |
| Rentabilidad sobre capital invertido | -56.38% |
| Rentabilidad sobre activos | -46.89% |
| Margen bruto | 34.56% |
| Margen operativo | -7405.04% |
| Margen neto | -6961.64% |
Salud financiera
| Deuda / Patrimonio | 0.15 |
| Ratio corriente | 16.34 |
| Piotroski F-Score | 3 |
| Altman Z-Score | -6.34 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -111.88 | -126.38 | -507.30 | -166.89 | -41.85 | -5.76 | -0.46 |
| P/VC | 75.66 | 188.27 | 177.84 | 133.10 | 89.77 | 14.52 | 0.28 |
| P/V | 8388.70 | 0.00 | 0.00 | 12252.24 | 641.05 | 457.39 | 49.35 |
| Margen Bruto | 0.0% | 0.0% | 0.0% | 28.7% | 17.9% | -45.5% | 38.0% |
| Margen Operativo | -7683.2% | 0.0% | 0.0% | -7404.9% | -1567.6% | -6201.0% | -11731.1% |
| Margen Neto | -7498.1% | 0.0% | 0.0% | -7342.2% | -1531.7% | -7946.0% | -10717.7% |