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Side-by-side financial comparison of AETHLON MEDICAL INC (AEMD) and Cyngn Inc. (CYN). Click either name above to swap in a different company.

Cyngn Inc. is the larger business by last-quarter revenue ($68.1K vs $60.0K, roughly 1.1× AETHLON MEDICAL INC). AETHLON MEDICAL INC produced more free cash flow last quarter ($-2.0M vs $-24.8M).

Aethlon Medical Inc. is a clinical-stage medical technology firm that develops targeted therapeutic devices to address life-threatening health conditions. Its lead product, the Hemopurifier, is designed to remove harmful viruses, cancer-derived exosomes, and other pathogens from the bloodstream. The company primarily operates in the infectious disease and oncology healthcare segments, with main market presence in North America.

Cyngn Inc. is a technology firm specializing in AI-powered autonomous driving solutions for industrial use cases. It develops self-driving software and hardware integration tools for industrial vehicles including forklifts and pallet trucks, serving manufacturing, warehousing, and logistics customers across North America to improve operational efficiency and worksite safety.

AEMD vs CYN — Head-to-Head

Bigger by revenue
CYN
CYN
1.1× larger
CYN
$68.1K
$60.0K
AEMD
More free cash flow
AEMD
AEMD
$22.8M more FCF
AEMD
$-2.0M
$-24.8M
CYN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AEMD
AEMD
CYN
CYN
Revenue
$60.0K
$68.1K
Net Profit
$-1.8M
Gross Margin
17.5%
Operating Margin
-3026.4%
Net Margin
-2926.4%
Revenue YoY
-77.8%
Net Profit YoY
49.4%
87.7%
EPS (diluted)
$-10.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AEMD
AEMD
CYN
CYN
Q4 25
$68.1K
Q3 25
$70.0K
Q2 25
$33.7K
Q1 25
$47.2K
Q4 24
$60.0K
$306.4K
Q3 24
$95.1K
$47.6K
Q2 24
$8.7K
Q1 24
$5.5K
Net Profit
AEMD
AEMD
CYN
CYN
Q4 25
Q3 25
$-8.4M
Q2 25
$-5.4M
Q1 25
$-7.6M
Q4 24
$-1.8M
$-16.1M
Q3 24
$-2.8M
$-5.4M
Q2 24
$-5.8M
Q1 24
$-6.0M
Gross Margin
AEMD
AEMD
CYN
CYN
Q4 25
17.5%
Q3 25
27.4%
Q2 25
49.8%
Q1 25
74.9%
Q4 24
18.5%
Q3 24
Q2 24
Q1 24
Operating Margin
AEMD
AEMD
CYN
CYN
Q4 25
Q3 25
-12028.9%
Q2 25
-16313.4%
Q1 25
-11060.0%
Q4 24
-3026.4%
-1808.7%
Q3 24
-3050.2%
-11575.7%
Q2 24
-67076.8%
Q1 24
-108223.5%
Net Margin
AEMD
AEMD
CYN
CYN
Q4 25
Q3 25
-12059.9%
Q2 25
-16154.6%
Q1 25
-16102.9%
Q4 24
-2926.4%
-5261.2%
Q3 24
-2950.2%
-11405.9%
Q2 24
-67154.7%
Q1 24
-108290.9%
EPS (diluted)
AEMD
AEMD
CYN
CYN
Q4 25
Q3 25
$-1.20
Q2 25
$-2.70
Q1 25
$-6.60
Q4 24
$-10.05
$-1079.39
Q3 24
$-16.11
$-408.30
Q2 24
$-610.85
Q1 24
$-422.87

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AEMD
AEMD
CYN
CYN
Cash + ST InvestmentsLiquidity on hand
$4.8M
$34.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.3M
$38.8M
Total Assets
$6.5M
$50.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AEMD
AEMD
CYN
CYN
Q4 25
$34.7M
Q3 25
$34.9M
Q2 25
$39.2M
Q1 25
$16.3M
Q4 24
$4.8M
$23.6M
Q3 24
$6.9M
$812.8K
Q2 24
$7.0M
Q1 24
$4.8M
Stockholders' Equity
AEMD
AEMD
CYN
CYN
Q4 25
$38.8M
Q3 25
$38.7M
Q2 25
$46.8M
Q1 25
$22.1M
Q4 24
$4.3M
$-1.0M
Q3 24
$6.0M
$6.6M
Q2 24
$9.7M
Q1 24
$8.0M
Total Assets
AEMD
AEMD
CYN
CYN
Q4 25
$50.1M
Q3 25
$49.3M
Q2 25
$56.2M
Q1 25
$24.3M
Q4 24
$6.5M
$30.1M
Q3 24
$8.8M
$8.5M
Q2 24
$11.9M
Q1 24
$9.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AEMD
AEMD
CYN
CYN
Operating Cash FlowLast quarter
$-2.0M
$-23.6M
Free Cash FlowOCF − Capex
$-2.0M
$-24.8M
FCF MarginFCF / Revenue
-3357.0%
-36414.2%
Capex IntensityCapex / Revenue
3.7%
1806.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-42.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AEMD
AEMD
CYN
CYN
Q4 25
$-23.6M
Q3 25
$-4.1M
Q2 25
$-6.3M
Q1 25
$-6.5M
Q4 24
$-2.0M
$-3.6M
Q3 24
$-2.2M
$-5.3M
Q2 24
$-4.4M
Q1 24
$-5.8M
Free Cash Flow
AEMD
AEMD
CYN
CYN
Q4 25
$-24.8M
Q3 25
$-4.6M
Q2 25
$-6.4M
Q1 25
$-6.7M
Q4 24
$-2.0M
$-4.0M
Q3 24
$-5.5M
Q2 24
$-4.7M
Q1 24
$-6.1M
FCF Margin
AEMD
AEMD
CYN
CYN
Q4 25
-36414.2%
Q3 25
-6552.1%
Q2 25
-19070.4%
Q1 25
-14191.4%
Q4 24
-3357.0%
-1291.7%
Q3 24
-11531.2%
Q2 24
-54799.1%
Q1 24
-109824.6%
Capex Intensity
AEMD
AEMD
CYN
CYN
Q4 25
1806.3%
Q3 25
742.5%
Q2 25
517.1%
Q1 25
378.5%
Q4 24
3.7%
101.7%
Q3 24
0.0%
341.4%
Q2 24
4192.3%
Q1 24
3886.1%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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