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Hyliion vs Scage Future: revenue, profit, margins and growth compared

Hyliion brought in $3.5M of revenue in fiscal 2025, Scage Future $11.1M in fiscal 2025. Revenue changed by +130.3% at Hyliion and +82.0% at Scage Future on the year before, so Hyliion grew faster. Hyliion kept -1,645.7% of its revenue as net profit, Scage Future -116.4%. Free cash flow was -$70.3M at Hyliion and -$5.9M at Scage Future.

Side by side, latest fiscal year

HYLNSCAG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (June 30, 2025)
Revenue$3.5M$11.1M
Revenue growth+130.3%+82.0%
Net income-$57.2M-$12.9M
Net margin-1,645.7%-116.4%
Free cash flow-$70.3M-$5.9M
Free cash flow margin-2,022.7%-53.1%
Earnings per share (diluted)-$0.33-$0.18
Cash$22.9M$90.8K
Debtn/an/a
Price to earningsn/an/a
Market value$753.7M$17.2M
Dividend yieldn/an/a
Rank by revenue in sector#914 of 955 · Consumer discretionary#870 of 955 · Consumer discretionary

Over the years

Revenue
HYLN FY2019: $0HYLN FY2020: $0HYLN FY2021: $200KHYLN FY2022: $2.1MHYLN FY2023: $672KHYLN FY2024: $1.5MHYLN FY2025: $3.5MSCAG FY2023: $438KSCAG FY2025: $6.1MSCAG FY2025: $11.1MFY19FY20FY21FY22FY23FY24FY25
HYLN $3.5MSCAG $11.1M
Net income
HYLN FY2019: -$14.1MHYLN FY2020: $324.1MHYLN FY2021: -$96MHYLN FY2022: -$153.4MHYLN FY2023: -$123.5MHYLN FY2024: -$52MHYLN FY2025: -$57.2MSCAG FY2023: -$6.4MSCAG FY2025: -$5.8MSCAG FY2025: -$12.9MFY19FY20FY21FY22FY23FY24FY25
HYLN -$57.2MSCAG -$12.9M
Net margin
HYLN FY2021: -48,024.0%HYLN FY2022: -7,281.9%HYLN FY2023: -18,379.5%HYLN FY2024: -3,449.2%HYLN FY2025: -1,645.7%SCAG FY2023: -1,469.8%SCAG FY2025: -95.1%SCAG FY2025: -116.4%FY21FY22FY23FY24FY25
HYLN -1,645.7%SCAG -116.4%
Revenue growth
HYLN FY2022: +953.0%HYLN FY2023: -68.1%HYLN FY2024: +124.6%HYLN FY2025: +130.3%SCAG FY2025: +1,295.3%SCAG FY2025: +82.0%FY22FY23FY24FY25
HYLN +130.3%SCAG +82.0%
Free cash flow
HYLN FY2019: -$11.4MHYLN FY2020: -$23.3MHYLN FY2021: -$82.9MHYLN FY2022: -$119.8MHYLN FY2023: -$124.4MHYLN FY2024: -$73.3MHYLN FY2025: -$70.3MSCAG FY2023: -$5.1MSCAG FY2025: -$6.3MSCAG FY2025: -$5.9MFY19FY20FY21FY22FY23FY24FY25
HYLN -$70.3MSCAG -$5.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Hyliion and Scage Future

Which is bigger by revenue, Hyliion or Scage Future?

Scage Future is bigger by revenue: $11.1M in fiscal 2025, against $3.5M for Hyliion in fiscal 2025.

Which keeps more of its revenue as profit, Hyliion or Scage Future?

Hyliion had a net margin of -1,645.7% in fiscal 2025; Scage Future had -116.4% in fiscal 2025.

Which grew revenue faster, Hyliion or Scage Future?

In their latest fiscal years revenue changed by +130.3% at Hyliion and +82.0% at Scage Future.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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