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

Modular Medical, Inc. is the larger business by last-quarter revenue ($108.0K vs $68.1K, roughly 1.6× Cyngn Inc.). On growth, Modular Medical, Inc. posted the faster year-over-year revenue change (18498.6% vs -77.8%). Modular Medical, Inc. produced more free cash flow last quarter ($-4.5M vs $-24.8M).

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.

Varian Medical Systems is an American radiation oncology treatments and software maker based in Palo Alto, California. Their medical devices include linear accelerators (LINACs) and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies software for managing cancer clinics, radiotherapy centers, and medical oncology practices. Varian Medical Systems employs more than 7,100 people at manufacturing sites...

CYN vs MODD — Head-to-Head

Bigger by revenue
MODD
MODD
1.6× larger
MODD
$108.0K
$68.1K
CYN
Growing faster (revenue YoY)
MODD
MODD
+18576.4% gap
MODD
18498.6%
-77.8%
CYN
More free cash flow
MODD
MODD
$20.3M more FCF
MODD
$-4.5M
$-24.8M
CYN

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
CYN
CYN
MODD
MODD
Revenue
$68.1K
$108.0K
Net Profit
$-5.3M
Gross Margin
17.5%
Operating Margin
-4878.7%
Net Margin
-4878.7%
Revenue YoY
-77.8%
18498.6%
Net Profit YoY
87.7%
-56.9%
EPS (diluted)
$-0.23

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
MODD
MODD
Q4 25
$68.1K
Q3 25
$70.0K
Q2 25
$33.7K
Q1 25
$47.2K
Q4 24
$306.4K
Q3 24
$47.6K
Q2 24
$8.7K
Q1 24
$5.5K
Net Profit
CYN
CYN
MODD
MODD
Q4 25
Q3 25
$-8.4M
Q2 25
$-5.4M
Q1 25
$-7.6M
Q4 24
$-16.1M
Q3 24
$-5.4M
Q2 24
$-5.8M
Q1 24
$-6.0M
Gross Margin
CYN
CYN
MODD
MODD
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
MODD
MODD
Q4 25
Q3 25
-12028.9%
Q2 25
-16313.4%
Q1 25
-11060.0%
Q4 24
-1808.7%
Q3 24
-11575.7%
Q2 24
-67076.8%
Q1 24
-108223.5%
Net Margin
CYN
CYN
MODD
MODD
Q4 25
Q3 25
-12059.9%
Q2 25
-16154.6%
Q1 25
-16102.9%
Q4 24
-5261.2%
Q3 24
-11405.9%
Q2 24
-67154.7%
Q1 24
-108290.9%
EPS (diluted)
CYN
CYN
MODD
MODD
Q4 25
Q3 25
$-1.20
Q2 25
$-2.70
Q1 25
$-6.60
Q4 24
$-1079.39
Q3 24
$-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
CYN
CYN
MODD
MODD
Cash + ST InvestmentsLiquidity on hand
$34.7M
$2.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$38.8M
$3.8M
Total Assets
$50.1M
$6.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CYN
CYN
MODD
MODD
Q4 25
$34.7M
Q3 25
$34.9M
Q2 25
$39.2M
Q1 25
$16.3M
Q4 24
$23.6M
Q3 24
$812.8K
Q2 24
$7.0M
Q1 24
$4.8M
Stockholders' Equity
CYN
CYN
MODD
MODD
Q4 25
$38.8M
Q3 25
$38.7M
Q2 25
$46.8M
Q1 25
$22.1M
Q4 24
$-1.0M
Q3 24
$6.6M
Q2 24
$9.7M
Q1 24
$8.0M
Total Assets
CYN
CYN
MODD
MODD
Q4 25
$50.1M
Q3 25
$49.3M
Q2 25
$56.2M
Q1 25
$24.3M
Q4 24
$30.1M
Q3 24
$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
CYN
CYN
MODD
MODD
Operating Cash FlowLast quarter
$-23.6M
$-4.0M
Free Cash FlowOCF − Capex
$-24.8M
$-4.5M
FCF MarginFCF / Revenue
-36414.2%
-4133.3%
Capex IntensityCapex / Revenue
1806.3%
462.0%
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
MODD
MODD
Q4 25
$-23.6M
Q3 25
$-4.1M
Q2 25
$-6.3M
Q1 25
$-6.5M
Q4 24
$-3.6M
Q3 24
$-5.3M
Q2 24
$-4.4M
Q1 24
$-5.8M
Free Cash Flow
CYN
CYN
MODD
MODD
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
MODD
MODD
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
MODD
MODD
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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