Hyliion Holdings (HYLN) financial statements
Hyliion Holdings reported revenue of $3M in fiscal 2025, up 104.2% a year over 4 years.
Net income was -$57M.
Free cash flow was -$70M.
The diluted share count rose 102% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hyliion Holdings's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $200,000 | $2M | $672,000 | $2M | $3M |
| Cost of revenue | $0 | $0 | $3M | $9M | $2M | $1M | $3M |
| Gross profit | $0 | $0 | -$3M | -$7M | -$1M | $94,000 | $170,000 |
| Research and development | $9M | $13M | $58M | $110M | $82M | $37M | $42M |
| Selling, general and admin | — | $10M | $35M | $42M | $43M | $24M | $23M |
| Operating income | -$12M | -$22M | -$96M | -$159M | -$137M | -$64M | -$66M |
| Interest expense | $3M | $5M | $0 | $0 | — | — | — |
| Pre-tax income | $3M | — | — | — | — | — | — |
| Income tax | $768,006 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$14M | $324M | -$96M | -$153M | -$124M | -$52M | -$57M |
| EPS (diluted) | -$0.16 | -$0.35 | -$0.56 | -$0.87 | -$0.68 | -$0.30 | -$0.33 |
| Diluted shares | 87M | 113M | 172M | 175M | 181M | 175M | 175M |
| Gross margin | — | — | -1268.5% | -316.8% | -155.4% | 6.2% | 4.9% |
| Operating margin | — | — | -48048.5% | -7551.3% | -20441.8% | -4261.0% | -1886.4% |
| Net margin | — | — | -48024.0% | -7281.9% | -18379.5% | -3449.2% | -1645.7% |
Balance sheet
Fiscal years, from Hyliion Holdings's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $6M | $592M | $377M | $313M | $163M | $120M | $92M |
| Receivables | $145,000 | $92,000 | $70,000 | $1M | $40,000 | $2M | $489,000 |
| Inventory | — | $132,000 | $114,000 | $74,000 | $0 | — | $0 |
| Total current assets | $7M | $612M | $386M | $324M | $182M | $131M | $99M |
| Property, plant and equipment | $2M | $1M | $2M | $6M | $10M | $26M | $40M |
| Total assets | $14M | $655M | $578M | $447M | $328M | $263M | $204M |
| Total current liabilities | $12M | $9M | $15M | $15M | $15M | $14M | $10M |
| Long-term debt | $10M | $908,000 | $0 | — | — | — | — |
| Total liabilities | $32M | $15M | $25M | $23M | $22M | $19M | $12M |
| Shareholders' equity | -$18M | $640M | $554M | $424M | $306M | $244M | $192M |
| Net debt | $10M | -$389M | -$258M | -$119M | -$13M | -$9M | -$23M |
Cash flow
Fiscal years, from Hyliion Holdings's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$11M | -$23M | -$81M | -$117M | -$117M | -$57M | -$47M |
| Capital spending | $349,000 | $311,000 | $2M | $3M | $7M | $17M | $24M |
| Free cash flow | -$11M | -$23M | -$83M | -$120M | -$124M | -$73M | -$70M |
| Stock-based compensation | $125,000 | $294,000 | $5M | $7M | $6M | $5M | $5M |
| Share buybacks (net) | — | — | — | $0 | -$33,000 | -$14M | $0 |
| Free cash flow margin | — | — | -41441.0% | -5686.7% | -18506.4% | -4855.1% | -2022.7% |
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Open HYLN in InvestinglyQuestions
What was Hyliion Holdings's revenue in 2025?
$3M in fiscal 2025, from its 10-K filing.
How much free cash flow does Hyliion Holdings generate?
-$70M in fiscal 2025 (operating cash flow minus capital spending).
From Hyliion Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.