HLGN · Heliogen, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | - | $1.05M | $2.26M | $1.53M | - | $2.27M | $1.39M | $1.94M | - |
| Cost of Revenue | $0 | - | $1.11M | $3.93M | $1.48M | - | $1.86M | $1.52M | $2.38M | - |
| Gross Profit | $0 | - | ($60.0K) | ($1.67M) | $51.0K | - | $414.0K | ($128.0K) | ($445.0K) | - |
| R&D | $1.09M | - | $4.51M | $4.75M | $3.79M | - | $5.16M | $4.95M | $5.26M | - |
| SG&A | $4.64M | - | $7.85M | $9.51M | $12.39M | - | $15.00M | $17.65M | $4.17M | - |
| Total Operating Expenses | $6.88M | - | $12.56M | $18.38M | $16.18M | - | $20.16M | $22.60M | $10.43M | - |
| D&A | $24.0K | - | $100.0K | $300.0K | $446.0K | - | $500.0K | $400.0K | $601.0K | - |
| Operating Income | ($6.88M) | - | ($12.63M) | ($20.05M) | ($16.13M) | - | ($19.75M) | ($22.73M) | ($10.88M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $2.0K | - | $1.0K | $2.0K | $2.0K | - | $1.0K | $2.0K | $0 | - |
| Net Income | ($6.36M) | - | ($11.81M) | ($19.28M) | ($15.22M) | - | ($18.57M) | ($21.68M) | ($10.54M) | - |
| EPS - Basic | ($1.03) | - | ($1.94) | ($3.19) | ($2.53) | - | ($3.13) | ($0.11) | ($0.05) | - |
| EPS - Diluted | ($1.03) | - | ($1.94) | ($3.19) | ($2.53) | - | ($3.13) | ($0.11) | ($0.05) | - |
Balance Sheet
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $30.06M | $36.95M | $44.63M | $51.84M | $58.23M | $62.72M | $63.39M | $43.50M | $39.22M | $45.72M |
| Accounts Receivable | $179.0K | $764.0K | $1.95M | $4.03M | $6.00M | $4.68M | $5.27M | $74.0K | $1.59M | $1.12M |
| Inventory | - | $0 | $0 | $0 | $1.82M | $1.96M | $4.98M | $4.30M | $2.90M | $2.44M |
| Accounts Payable | $1.17M | $1.45M | $1.07M | $1.40M | $1.17M | $746.0K | $1.79M | $845.0K | $3.29M | $6.92M |
| Current Assets | $31.40M | $39.08M | $48.76M | $58.85M | $71.43M | $83.47M | $106.29M | $122.45M | $139.08M | $158.82M |
| Total Assets | $32.68M | $44.29M | $57.99M | $69.29M | $92.93M | $107.03M | $135.90M | $153.92M | $169.97M | $191.62M |
| Current Liabilities | $8.57M | $12.61M | $104.96M | $104.44M | $102.15M | $102.00M | $51.05M | $50.38M | $48.56M | $51.29M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $9.65M | $15.27M | $109.58M | $109.77M | $114.85M | $115.05M | $65.80M | $65.60M | $63.94M | $66.30M |
| Stockholders' Equity | $23.03M | $29.02M | ($51.59M) | ($40.48M) | ($21.92M) | ($8.02M) | $70.10M | $88.32M | $106.03M | $125.32M |
| Retained Earnings | ($411.99M) | ($405.63M) | ($484.50M) | ($472.69M) | ($453.40M) | ($438.18M) | ($359.38M) | ($340.81M) | ($319.12M) | ($308.58M) |
Cash Flow
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($8.43M) | - | - | - | ($14.31M) | - | - | - | ($24.13M) | - |
| Investing Cash Flow | $54.0K | - | - | - | $9.85M | - | - | - | $17.25M | - |
| Financing Cash Flow | ($9.0K) | - | - | - | ($17.0K) | - | - | - | $248.0K | - |
| CapEx | $0 | - | - | - | $150.0K | - | - | - | $527.0K | - |
| Free Cash Flow | ($8.43M) | - | - | - | ($14.46M) | - | - | - | ($24.66M) | - |
Ratios
| Metric | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | -5.7% | -73.8% | 3.3% | - | 18.2% | -9.2% | -23.0% | - |
| Operating margin | - | - | -1202.4% | -886.9% | -1055.4% | - | -868.7% | -1630.3% | -561.6% | - |
| EBITDA margin | - | - | -1192.9% | -873.6% | -1026.2% | - | -846.7% | -1601.6% | -530.6% | - |
| Net margin | - | - | -1125.2% | -852.8% | -996.4% | - | -817.0% | -1555.5% | -544.3% | - |
| Free cash flow margin | - | - | - | - | -946.5% | - | - | - | -1273.1% | - |
| FCF / Net income | 1.33 | - | - | - | 0.95 | - | - | - | 2.34 | - |
| R&D / Revenue | - | - | 429.4% | 210.1% | 248.1% | - | 227.1% | 354.8% | 271.6% | - |
| SG&A / Revenue | - | - | 748.0% | 420.4% | 810.7% | - | 659.8% | 1266.3% | 215.0% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -19.5% | - | -20.4% | -27.8% | -16.4% | - | -13.7% | -14.1% | -6.2% | - |
| Return on equity | -27.6% | - | 22.9% | 47.6% | 69.5% | - | -26.5% | -24.6% | -9.9% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.66 | 3.10 | 0.46 | 0.56 | 0.70 | 0.82 | 2.08 | 2.43 | 2.86 | 3.10 |
| Quick ratio | 3.66 | 3.10 | 0.46 | 0.56 | 0.68 | 0.80 | 1.98 | 2.35 | 2.80 | 3.05 |
| Cash ratio | 3.51 | 2.93 | 0.43 | 0.50 | 0.57 | 0.61 | 1.24 | 0.86 | 0.81 | 0.89 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.42 | 1.53 | -1.12 | -1.71 | -4.24 | -13.35 | 1.94 | 1.74 | 1.60 | 1.53 |
| Liabilities / Assets | 0.30 | 0.34 | 1.89 | 1.58 | 1.24 | 1.07 | 0.48 | 0.43 | 0.38 | 0.35 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.02 | 0.03 | 0.02 | - | 0.02 | 0.01 | 0.01 | - |
| Inventory turnover | - | - | - | - | 0.81 | - | 0.37 | 0.35 | 0.82 | - |
| Days sales outstanding | - | - | 679d | 650d | 1434d | - | 846d | 19d | 300d | - |
| Days inventory outstanding | - | - | 0d | 0d | 451d | - | 978d | 1032d | 444d | - |
| Days payable outstanding | - | - | 353d | 130d | 290d | - | 352d | 203d | 503d | - |
| Cash conversion cycle | - | - | 326d | 520d | 1595d | - | 1472d | 849d | 241d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -100.0% | - | -53.8% | 62.2% | -21.1% | - | -26.7% | 44.6% | -5.2% | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | -1203.1% | - | - | -49.9% | - | 98.7% | - |
| Operating income growth (YoY) | 57.3% | - | 36.1% | 11.8% | -48.3% | - | 33.7% | 20.9% | 82.9% | - |
| Net income growth (YoY) | 58.2% | - | 36.4% | 11.1% | -44.4% | - | 33.3% | -7.3% | 82.1% | - |
| EPS growth (YoY) | 59.3% | - | 38.0% | -2800.0% | -4960.0% | - | -2135.7% | 0.0% | 84.4% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 41.7% | - | - | - | 41.3% | - | - | - | -8.0% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | - | - | -53.7% | -47.7% | -40.2% | -40.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Product / service
$19.84M totalProject Revenue$19.07M · 96.1%
Service$779.0K · 3.9%
Peer comparison
Same SIC group: Electric Services
Comparing Heliogen against the 5 most active filers in the same SIC group.