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

Zscaler, Inc. is the larger business by last-quarter revenue ($788.1M vs $68.1K, roughly 11568.6× Cyngn Inc.). Zscaler, Inc. runs the higher net margin — -1.5% vs -2920.3%, a 2918.9% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs -77.8%). Zscaler, Inc. produced more free cash flow last quarter ($431.0M vs $-7.1M). Over the past eight quarters, Cyngn Inc.'s revenue compounded faster (251.5% CAGR vs 22.5%).

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.

Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.

CYN vs ZS — Head-to-Head

Bigger by revenue
ZS
ZS
11568.6× larger
ZS
$788.1M
$68.1K
CYN
Growing faster (revenue YoY)
ZS
ZS
+103.3% gap
ZS
25.5%
-77.8%
CYN
Higher net margin
ZS
ZS
2918.9% more per $
ZS
-1.5%
-2920.3%
CYN
More free cash flow
ZS
ZS
$438.1M more FCF
ZS
$431.0M
$-7.1M
CYN
Faster 2-yr revenue CAGR
CYN
CYN
Annualised
CYN
251.5%
22.5%
ZS

Income Statement — Q4 2025 vs Q1 2026

Metric
CYN
CYN
ZS
ZS
Revenue
$68.1K
$788.1M
Net Profit
$-2.0M
$-11.6M
Gross Margin
17.5%
76.6%
Operating Margin
-9621.1%
-4.6%
Net Margin
-2920.3%
-1.5%
Revenue YoY
-77.8%
25.5%
Net Profit YoY
87.7%
3.6%
EPS (diluted)
$5.33
$-0.07

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
ZS
ZS
Q4 25
$68.1K
$788.1M
Q3 25
$70.0K
$719.2M
Q2 25
$33.7K
$678.0M
Q1 25
$47.2K
$647.9M
Q4 24
$306.4K
$628.0M
Q3 24
$47.6K
$592.9M
Q2 24
$8.7K
$553.2M
Q1 24
$5.5K
$525.0M
Net Profit
CYN
CYN
ZS
ZS
Q4 25
$-2.0M
$-11.6M
Q3 25
$-8.4M
$-17.6M
Q2 25
$-5.4M
$-4.1M
Q1 25
$-7.6M
$-7.7M
Q4 24
$-16.1M
$-12.1M
Q3 24
$-5.4M
$-14.9M
Q2 24
$-5.8M
$19.1M
Q1 24
$-6.0M
$-28.5M
Gross Margin
CYN
CYN
ZS
ZS
Q4 25
17.5%
76.6%
Q3 25
27.4%
76.1%
Q2 25
49.8%
77.0%
Q1 25
74.9%
77.1%
Q4 24
18.5%
77.5%
Q3 24
-230.5%
78.0%
Q2 24
-72.2%
78.6%
Q1 24
-1963.8%
77.7%
Operating Margin
CYN
CYN
ZS
ZS
Q4 25
-9621.1%
-4.6%
Q3 25
-12028.9%
-4.5%
Q2 25
-16313.4%
-3.7%
Q1 25
-11060.0%
-6.2%
Q4 24
-1808.7%
-4.9%
Q3 24
-11575.7%
-4.5%
Q2 24
-67076.8%
-0.5%
Q1 24
-108223.5%
-8.7%
Net Margin
CYN
CYN
ZS
ZS
Q4 25
-2920.3%
-1.5%
Q3 25
-12059.9%
-2.4%
Q2 25
-16154.6%
-0.6%
Q1 25
-16102.9%
-1.2%
Q4 24
-5261.2%
-1.9%
Q3 24
-11405.9%
-2.5%
Q2 24
-67154.7%
3.5%
Q1 24
-108290.9%
-5.4%
EPS (diluted)
CYN
CYN
ZS
ZS
Q4 25
$5.33
$-0.07
Q3 25
$-1.20
$-0.11
Q2 25
$-2.70
$-0.03
Q1 25
$-6.60
$-0.05
Q4 24
$-1079.39
$-0.08
Q3 24
$-408.30
$-0.09
Q2 24
$-610.85
$0.12
Q1 24
$-422.87
$-0.19

Balance Sheet & Financial Strength

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

Metric
CYN
CYN
ZS
ZS
Cash + ST InvestmentsLiquidity on hand
$34.7M
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$38.8M
$2.0B
Total Assets
$50.1M
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CYN
CYN
ZS
ZS
Q4 25
$34.7M
$1.3B
Q3 25
$34.9M
$2.4B
Q2 25
$39.2M
$2.0B
Q1 25
$16.3M
$1.8B
Q4 24
$23.6M
$1.6B
Q3 24
$812.8K
$1.4B
Q2 24
$7.0M
$1.3B
Q1 24
$4.8M
$1.4B
Total Debt
CYN
CYN
ZS
ZS
Q4 25
Q3 25
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Stockholders' Equity
CYN
CYN
ZS
ZS
Q4 25
$38.8M
$2.0B
Q3 25
$38.7M
$1.8B
Q2 25
$46.8M
$1.8B
Q1 25
$22.1M
$1.6B
Q4 24
$-1.0M
$1.4B
Q3 24
$6.6M
$1.3B
Q2 24
$9.7M
$1.1B
Q1 24
$8.0M
$958.9M
Total Assets
CYN
CYN
ZS
ZS
Q4 25
$50.1M
$6.5B
Q3 25
$49.3M
$6.4B
Q2 25
$56.2M
$5.3B
Q1 25
$24.3M
$5.0B
Q4 24
$30.1M
$4.7B
Q3 24
$8.5M
$4.7B
Q2 24
$11.9M
$4.2B
Q1 24
$9.8M
$3.9B
Debt / Equity
CYN
CYN
ZS
ZS
Q4 25
Q3 25
Q2 25
0.64×
Q1 25
0.71×
Q4 24
0.80×
Q3 24
0.90×
Q2 24
1.04×
Q1 24
1.19×

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
ZS
ZS
Operating Cash FlowLast quarter
$-6.7M
$448.3M
Free Cash FlowOCF − Capex
$-7.1M
$431.0M
FCF MarginFCF / Revenue
-10421.0%
54.7%
Capex IntensityCapex / Revenue
525.7%
2.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-24.8M
$924.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CYN
CYN
ZS
ZS
Q4 25
$-6.7M
$448.3M
Q3 25
$-4.1M
$250.6M
Q2 25
$-6.3M
$211.1M
Q1 25
$-6.5M
$179.4M
Q4 24
$-3.6M
$331.3M
Q3 24
$-5.3M
$203.6M
Q2 24
$-4.4M
$173.4M
Q1 24
$-5.8M
$142.1M
Free Cash Flow
CYN
CYN
ZS
ZS
Q4 25
$-7.1M
$431.0M
Q3 25
$-4.6M
$190.6M
Q2 25
$-6.4M
$138.9M
Q1 25
$-6.7M
$164.4M
Q4 24
$-4.0M
$314.3M
Q3 24
$-5.5M
$154.2M
Q2 24
$-4.7M
$137.8M
Q1 24
$-6.1M
$111.2M
FCF Margin
CYN
CYN
ZS
ZS
Q4 25
-10421.0%
54.7%
Q3 25
-6552.1%
26.5%
Q2 25
-19070.4%
20.5%
Q1 25
-14191.4%
25.4%
Q4 24
-1291.7%
50.1%
Q3 24
-11531.2%
26.0%
Q2 24
-54799.1%
24.9%
Q1 24
-109824.6%
21.2%
Capex Intensity
CYN
CYN
ZS
ZS
Q4 25
525.7%
2.2%
Q3 25
742.5%
8.3%
Q2 25
517.1%
10.6%
Q1 25
378.5%
2.3%
Q4 24
101.7%
2.7%
Q3 24
341.4%
8.3%
Q2 24
4192.3%
6.4%
Q1 24
3886.1%
5.9%
Cash Conversion
CYN
CYN
ZS
ZS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
9.07×
Q1 24

Financial Flow Comparison

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

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