Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Hyliion Holdings Corp. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
0
0
0.2
2.11
0.67
1.51
3.48
Cost of revenue
0
0
2.74
8.78
1.72
1.42
3.31
Gross profit
0
0
-2.54
-6.67
-1.04
0.09
0.17
Research and development
9.27
12.6
58.3
110
82.2
37
42.5
Selling, general and administrative
9.59
35.3
42
42.6
24.4
22.8
Selling and marketing
0
0.3
1.6
1.1
1.3
0.1
0.2
Operating expenses
12
22.2
93.6
152
136
64.4
65.7
Operating income
-12
-22.2
-96.1
-159
-137
-64.3
-65.6
Interest expense
3.26
5.47
0
0
Interest income
0
0.01
0.78
5.72
13.8
12.2
8.35
Other non-operating income
-2.11
346
0
-0.03
0.05
0.03
0
Pre-tax income
3.09
Income tax
0
0
0
0
0
0
0
Net income
-14.1
324
-96
-153
-124
-52
-57.2
EBITDA
-11
-21.3
-95.2
-158
-134
-61.2
-59.6
EPS, basic
-0.16
3.11
-0.56
-0.87
-0.68
-0.30
-0.33
EPS, diluted
-0.16
-0.35
-0.56
-0.87
-0.68
-0.30
-0.33
Shares, basic (weighted)
86.6
104
172
175
181
175
175
Shares, diluted (weighted)
86.6
113
172
175
181
175
175
Balance sheet
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
6.29
390
258
119
12.9
9.23
22.9
Short-term investments
202
119
194
150
111
69.4
Receivables
0.15
0.09
0.07
1.14
0.04
1.92
0.49
Inventory
0.13
0.11
0.07
0
0
Other current assets
0.41
20.7
9.07
9.8
18.5
6.4
4.6
Total current assets
6.84
612
386
324
182
131
98.6
Property, plant and equipment
1.64
1.17
2.24
5.61
9.99
25.9
40.5
Lease right-of-use assets
4.98
5.06
7.73
6.47
7.07
5.43
3.47
Intangible assets
0.43
0.33
0.24
0.2
0
Long-term investments
36
180
109
128
99.6
60
Other non-current assets
0.21
0.19
1.54
1.69
1.44
1.08
1
Total assets
14.1
655
578
447
328
263
204
Accounts payable
1.16
1.89
7.46
2.8
4.22
5.24
3.14
Accrued liabilities
0.5
6.14
7.76
11.5
10.1
6.62
4
Short-term debt
6.72
0.05
Total current liabilities
12.4
8.76
15.2
14.7
15.1
14.3
9.86
Long-term debt
9.68
0.91
0
Lease liabilities
4.8
5.08
8.62
6.97
6.79
4.37
1.65
Other non-current liabilities
0.18
0.67
1.52
0.2
0
0.04
Total liabilities
32.2
14.9
24.5
23.2
22.1
18.7
11.6
Total debt
9.68
0.91
0
Paid-in capital
30.9
365
375
398
404
408
413
Retained earnings
-49
275
179
25.7
-97.8
-150
-207
Treasury stock
0
-0.03
-14.1
-14.1
Shareholders' equity
-18.1
640
554
424
306
244
192
Total equity
-18.1
640
554
424
306
244
192
Total liabilities and equity
14.1
655
578
447
328
263
204
Shares outstanding
86.8
169
173
180
183
174
177
Cash flow statement
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-14.1
324
-96
-153
-124
-52
-57.2
Depreciation and amortization
1.03
0.85
0.88
1.23
3.51
3.15
5.96
Stock-based compensation
0.13
0.29
4.92
6.98
6.22
4.62
5.48
Deferred income tax
0
0
0
0
0
0
0
Change in receivables
-0.03
0.05
0.02
-1.18
1.1
-1.88
1.43
Change in payables
-0.68
0.73
5.32
-4.66
1.36
-2.87
-0.08
Cash from operations
-11.1
-22.9
-80.5
-117
-117
-56.7
-46.5
Capital expenditures
-0.35
-0.31
-2.38
-2.89
-7.4
-16.5
-23.7
Cash from investing
-0.35
-238
-66
-22
18.3
59.5
60.9
Stock issued
0.01
0.12
0.59
0.08
0.26
0.07
0
Share buybacks
0
-0.03
-14
0
Cash from financing
16.6
645
15.9
-0.08
-0.02
-14.3
-0.67
Net change in cash
5.19
383
-131
-139
-98.7
-11.6
13.7
Free cash flow
-11.4
-23.3
-82.9
-120
-124
-73.3
-70.3
Interest paid
0.05
0.14
0.01
0
0
0
0
Income taxes paid
0
0
0
0
0
0
0
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $4.22 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
6.5%
Gross profit / revenue.
Operating margin
-635.2%
Operating income / revenue.
EBITDA margin
-551.3%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-564.3%
Net income / revenue.
FCF margin
-612.3%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-458.2%
Cash from operations / revenue.
Return on equity (ROE)
-30.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-29.1%
Net income / average total assets.
Return on invested capital (ROIC)
-29.7%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
403.0%
Research and development expense / revenue.
SG&A / revenue
252.2%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
64.8%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
154.1%
Capital expenditures / revenue.
D&A / revenue
83.8%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
130.3%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
18.2%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
80.9%
Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-21.4%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-23.2%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
-21.4%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-22.6%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-23.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-20.8%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
0.3%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
0.0%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
9.3%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
7.59x
Current assets / current liabilities.
Quick ratio
1.68x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.40x
(Cash + short-term investments) / current liabilities.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.29
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.05
Revenue / diluted weighted shares.
FCF per share
-$0.32
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.24
Cash from operations / diluted weighted shares.
Book value per share
$0.95
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
81.5x
Market cap / revenue.
P/B
4.45x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
4.45x
Market cap / tangible book value, when positive.
EV/Sales
80.1x
Enterprise value / revenue.
FCF yield
-7.5%
Free cash flow / market cap.
Earnings yield
-6.9%
Net income / market cap (the inverse of P/E).
What was Hyliion Holdings Corp.'s revenue in fiscal 2025?
Hyliion Holdings Corp. reported revenue of $3.5M for fiscal 2025, 130.3% higher than the year before.
Was Hyliion Holdings Corp. profitable in fiscal 2025?
No. It reported a net loss of $57.2M.
How much free cash flow did Hyliion Holdings Corp. generate in fiscal 2025?
Cash from operations of $46.5M minus capital expenditures of $23.7M left free cash flow of -$70.3M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.