Hyliion Holdings Corp.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $3.5M | $1.5M | $672,000 | $2.1M | $200,000 |
| Cost of revenue | $3.3M | $1.4M | $1.7M | $8.8M | $2.7M |
| Gross profit | $170,000 | $94,000 | -$1.0M | -$6.7M | -$2.5M |
| Selling, general & administrative | $22.8M | $24.4M | $42.6M | $42.0M | $35.3M |
| Research and development | $42.5M | $37.0M | $82.2M | $110.4M | $58.3M |
| Operating expenses | $65.7M | $64.4M | $136.3M | $152.4M | $93.6M |
| Operating income | -$65.6M | -$64.3M | -$137.4M | -$159.0M | -$96.1M |
| Interest expense | — | — | — | $0 | $0 |
| Income tax expense | $0 | $0 | $0 | $0 | $0 |
| Net income | -$57.2M | -$52.0M | -$123.5M | -$153.4M | -$96.0M |
| Balance Sheet | |||||
| Cash and equivalents | $22.9M | $9.2M | $12.9M | $119.5M | $258.4M |
| Current assets | $98.6M | $131.0M | $181.7M | $324.2M | $386.5M |
| Total assets | $203.6M | $263.0M | $328.4M | $446.7M | $578.4M |
| Current liabilities | $9.9M | $14.3M | $15.1M | $14.7M | $15.2M |
| Total liabilities | $11.6M | $18.7M | $22.1M | $23.2M | $24.5M |
| Stockholders' equity | $192.0M | $244.4M | $306.3M | $423.6M | $553.9M |
| Cash Flow Statement | |||||
| Cash from operations | -$46.5M | -$56.7M | -$117.0M | -$116.9M | -$80.5M |
| Depreciation and amortization | $6.0M | $3.1M | $3.5M | $1.2M | $884,000 |
| Stock-based compensation | $5.5M | $4.6M | $6.2M | $7.0M | $4.9M |
| Capital expenditure | $23.7M | $16.5M | $7.4M | $2.9M | $2.4M |
| Free cash flow | -$70.3M | -$73.3M | -$124.4M | -$119.8M | -$82.9M |
| Share repurchases | $0 | $14.0M | $33,000 | $0 | — |
Shares outstanding 178.3M · Free float 48.7%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.