HYLN · Hyliion Holdings Corp. - 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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $3.48M | $1.51M | $672.0K | $2.11M | $0 | - |
| Cost of Revenue | $3.31M | $1.42M | $1.72M | $8.78M | $0 | - |
| Gross Profit | $170.0K | $94.0K | ($1.04M) | ($6.67M) | $0 | - |
| R&D | $42.47M | $37.00M | $82.24M | $110.37M | $58.26M | $12.60M |
| SG&A | $22.76M | $24.38M | $42.61M | $9.59M | - | - |
| Total Operating Expenses | $65.72M | $64.39M | $136.32M | $152.36M | $22.18M | - |
| D&A | $5.96M | $3.15M | $3.51M | $1.23M | $884.0K | $850.0K |
| Operating Income | ($65.55M) | ($64.30M) | ($137.37M) | ($159.03M) | ($96.10M) | ($22.18M) |
| Interest Expense | - | - | - | $0 | $0 | $5.46M |
| Income Tax | $0 | $0 | $0 | $0 | $0 | - |
| Net Income | ($57.19M) | ($52.05M) | ($123.51M) | ($153.36M) | ($96.05M) | ($39.18M) |
| EPS - Basic | ($0.33) | ($0.30) | ($0.68) | ($0.87) | ($0.56) | $3.11 |
| EPS - Diluted | ($0.33) | ($0.30) | ($0.68) | ($0.87) | ($0.56) | $2.93 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $22.94M | $9.23M | $12.88M | $119.47M | $258.44M | $1.10M |
| Accounts Receivable | $489.0K | $1.92M | $40.0K | $1.14M | $70.0K | $145.0K |
| Inventory | - | - | $0 | $74.0K | $114.0K | - |
| Accounts Payable | $3.14M | $5.24M | $4.22M | $2.80M | $7.46M | $1.89M |
| Current Assets | $98.63M | $131.03M | $181.70M | $324.21M | $386.48M | $608.09M |
| Total Assets | $203.56M | $263.05M | $328.38M | $446.74M | $578.44M | $650.81M |
| Current Liabilities | $9.86M | $14.29M | $15.12M | $14.68M | $15.23M | $4.66M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $11.55M | $18.66M | $22.12M | $23.17M | $24.52M | $10.64M |
| Stockholders' Equity | $192.01M | $244.39M | $306.27M | $423.57M | $553.91M | $640.17M |
| Retained Earnings | ($207.00M) | ($149.81M) | ($97.76M) | $25.75M | $179.10M | ($88.15M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($46.55M) | ($56.74M) | ($116.96M) | ($116.88M) | ($80.50M) | ($22.94M) |
| Investing Cash Flow | $60.93M | $59.49M | $18.31M | ($22.02M) | ($65.99M) | ($238.14M) |
| Financing Cash Flow | ($670.0K) | ($14.33M) | ($15.0K) | ($78.0K) | $15.90M | $644.50M |
| CapEx | $23.74M | $16.52M | $7.40M | $2.88M | $2.38M | $311.0K |
| Free Cash Flow | ($70.29M) | ($73.26M) | ($124.36M) | ($119.76M) | ($82.88M) | ($23.25M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 4.9% | 6.2% | -155.4% | -316.8% | - | - |
| Operating margin | -1886.4% | -4261.0% | -20441.8% | -7551.3% | - | - |
| EBITDA margin | -1715.0% | -4052.5% | -19919.3% | -7493.0% | - | - |
| Net margin | -1645.7% | -3449.2% | -18379.5% | -7281.9% | - | - |
| Free cash flow margin | -2022.7% | -4855.1% | -18506.4% | -5686.7% | - | - |
| FCF / Net income | 1.23 | 1.41 | 1.01 | 0.78 | 0.86 | 0.59 |
| R&D / Revenue | 1222.1% | 2452.2% | 12238.1% | 5240.7% | - | - |
| SG&A / Revenue | 654.9% | 1615.8% | 6340.9% | 455.1% | - | - |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -28.1% | -19.8% | -37.6% | -34.3% | -16.6% | -6.0% |
| Return on equity | -29.8% | -21.3% | -40.3% | -36.2% | -17.3% | -6.1% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 10.00 | 9.17 | 12.02 | 22.08 | 25.37 | 130.63 |
| Quick ratio | 10.00 | 9.17 | 12.02 | 22.08 | 25.36 | 130.63 |
| Cash ratio | 2.33 | 0.65 | 0.85 | 8.14 | 16.96 | 0.24 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | -4.1x |
| Equity multiplier | 1.06 | 1.08 | 1.07 | 1.05 | 1.04 | 1.02 |
| Liabilities / Assets | 0.06 | 0.07 | 0.07 | 0.05 | 0.04 | 0.02 |
| Efficiency | ||||||
| Asset turnover | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | - |
| Inventory turnover | - | - | - | 118.62 | 0.00 | - |
| Days sales outstanding | 51d | 465d | 22d | 197d | - | - |
| Days inventory outstanding | - | - | 0d | 3d | - | - |
| Days payable outstanding | 347d | 1352d | 898d | 116d | - | - |
| Cash conversion cycle | - | - | -877d | 84d | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | 5.6x |
| P / B | 1.7x | 1.9x | 0.5x | 1.0x | 1.9x | 2.8x |
| P / S | 92.9x | 302.5x | 219.7x | 194.9x | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 130.3% | 124.6% | -68.1% | - | - | - |
| Revenue CAGR (3y) | 18.2% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | 80.9% | - | 84.4% | - | - | - |
| Operating income growth (YoY) | -2.0% | 53.2% | 13.6% | -65.5% | -333.2% | -2800.6% |
| Net income growth (YoY) | -9.9% | 57.9% | 19.5% | -59.7% | -145.1% | - |
| EPS growth (YoY) | -10.0% | 55.9% | 21.8% | -55.4% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 4.1% | 41.1% | -3.8% | -44.5% | -256.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -21.4% | -20.2% | -27.7% | -23.5% | -13.5% | 12703.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$3.50M totalReportable Segment$3.50M · 100.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
5.45
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Truck & Bus Bodies
Comparing Hyliion Holdings Corp. against the 5 most active filers in the same SIC group.