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Side-by-side financial comparison of Cyngn Inc. (CYN) and MiNK Therapeutics, Inc. (INKT). Click either name above to swap in a different company.

MiNK Therapeutics, Inc. is the larger business by last-quarter revenue ($111.2K vs $68.1K, roughly 1.6× Cyngn Inc.). On growth, MiNK Therapeutics, Inc. posted the faster year-over-year revenue change (181.1% vs -77.8%). Over the past eight quarters, Cyngn Inc.'s revenue compounded faster (251.5% CAGR vs -12.8%).

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.

MiNK Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing innovative invariant natural killer T (iNKT) cell therapies to treat cancer, autoimmune disorders and other serious unmet medical needs. It targets the global biopharmaceutical market, with core segments covering oncology and immunology, advancing its allogeneic cell therapy pipeline through preclinical and clinical trials.

CYN vs INKT — Head-to-Head

Bigger by revenue
INKT
INKT
1.6× larger
INKT
$111.2K
$68.1K
CYN
Growing faster (revenue YoY)
INKT
INKT
+258.8% gap
INKT
181.1%
-77.8%
CYN
Faster 2-yr revenue CAGR
CYN
CYN
Annualised
CYN
251.5%
-12.8%
INKT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CYN
CYN
INKT
INKT
Revenue
$68.1K
$111.2K
Net Profit
$-2.6M
Gross Margin
17.5%
Operating Margin
-2432.3%
Net Margin
-2339.4%
Revenue YoY
-77.8%
181.1%
Net Profit YoY
87.7%
-5.6%
EPS (diluted)
$-0.52

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
CYN
CYN
INKT
INKT
Q4 25
$68.1K
$111.2K
Q3 25
$70.0K
$55.2K
Q2 25
$33.7K
Q1 25
$47.2K
Q4 24
$306.4K
$39.6K
Q3 24
$47.6K
$78.0K
Q2 24
$8.7K
$38.4K
Q1 24
$5.5K
Net Profit
CYN
CYN
INKT
INKT
Q4 25
$-2.6M
Q3 25
$-8.4M
$-2.9M
Q2 25
$-5.4M
Q1 25
$-7.6M
Q4 24
$-16.1M
$-2.5M
Q3 24
$-5.4M
$-1.8M
Q2 24
$-5.8M
$-2.7M
Q1 24
$-6.0M
Gross Margin
CYN
CYN
INKT
INKT
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
CYN
CYN
INKT
INKT
Q4 25
-2432.3%
Q3 25
-12028.9%
-5772.5%
Q2 25
-16313.4%
Q1 25
-11060.0%
Q4 24
-1808.7%
-6324.0%
Q3 24
-11575.7%
-2415.7%
Q2 24
-67076.8%
-8005.9%
Q1 24
-108223.5%
Net Margin
CYN
CYN
INKT
INKT
Q4 25
-2339.4%
Q3 25
-12059.9%
-5236.0%
Q2 25
-16154.6%
Q1 25
-16102.9%
Q4 24
-5261.2%
-6224.0%
Q3 24
-11405.9%
-2315.7%
Q2 24
-67154.7%
-7043.3%
Q1 24
-108290.9%
EPS (diluted)
CYN
CYN
INKT
INKT
Q4 25
$-0.52
Q3 25
$-1.20
$-0.65
Q2 25
$-2.70
Q1 25
$-6.60
Q4 24
$-1079.39
$-0.57
Q3 24
$-408.30
$-0.46
Q2 24
$-610.85
$-0.73
Q1 24
$-422.87

Balance Sheet & Financial Strength

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

Metric
CYN
CYN
INKT
INKT
Cash + ST InvestmentsLiquidity on hand
$34.7M
$13.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$38.8M
$-14.2M
Total Assets
$50.1M
$14.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CYN
CYN
INKT
INKT
Q4 25
$34.7M
$13.4M
Q3 25
$34.9M
$14.3M
Q2 25
$39.2M
Q1 25
$16.3M
Q4 24
$23.6M
$4.6M
Q3 24
$812.8K
$6.3M
Q2 24
$7.0M
$9.3M
Q1 24
$4.8M
Stockholders' Equity
CYN
CYN
INKT
INKT
Q4 25
$38.8M
$-14.2M
Q3 25
$38.7M
$-13.5M
Q2 25
$46.8M
Q1 25
$22.1M
Q4 24
$-1.0M
$-19.6M
Q3 24
$6.6M
$-17.6M
Q2 24
$9.7M
$-16.6M
Q1 24
$8.0M
Total Assets
CYN
CYN
INKT
INKT
Q4 25
$50.1M
$14.2M
Q3 25
$49.3M
$15.0M
Q2 25
$56.2M
Q1 25
$24.3M
Q4 24
$30.1M
$5.7M
Q3 24
$8.5M
$7.4M
Q2 24
$11.9M
$10.3M
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
CYN
CYN
INKT
INKT
Operating Cash FlowLast quarter
$-23.6M
$-2.1M
Free Cash FlowOCF − Capex
$-24.8M
FCF MarginFCF / Revenue
-36414.2%
Capex IntensityCapex / Revenue
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
CYN
CYN
INKT
INKT
Q4 25
$-23.6M
$-2.1M
Q3 25
$-4.1M
$-941.3K
Q2 25
$-6.3M
Q1 25
$-6.5M
Q4 24
$-3.6M
$-1.7M
Q3 24
$-5.3M
$-3.0M
Q2 24
$-4.4M
$-2.3M
Q1 24
$-5.8M
Free Cash Flow
CYN
CYN
INKT
INKT
Q4 25
$-24.8M
Q3 25
$-4.6M
Q2 25
$-6.4M
Q1 25
$-6.7M
Q4 24
$-4.0M
Q3 24
$-5.5M
Q2 24
$-4.7M
Q1 24
$-6.1M
FCF Margin
CYN
CYN
INKT
INKT
Q4 25
-36414.2%
Q3 25
-6552.1%
Q2 25
-19070.4%
Q1 25
-14191.4%
Q4 24
-1291.7%
Q3 24
-11531.2%
Q2 24
-54799.1%
Q1 24
-109824.6%
Capex Intensity
CYN
CYN
INKT
INKT
Q4 25
1806.3%
Q3 25
742.5%
Q2 25
517.1%
Q1 25
378.5%
Q4 24
101.7%
Q3 24
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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