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Hyliion Holdings vs Scage Future

Scage Future is the larger business, with $11.1m of revenue in fiscal 2025 against $3.5m for Hyliion Holdings (3.2 times as much). Hyliion Holdings grew faster (130.3% against 82.0%). Scage Future kept more of each dollar of sales as profit: a net margin of -116.4% against -1645.7%.

Latest fiscal yearHyliion HoldingsHYLN, 2025Scage FutureSCAG, 2025
Revenue $3.5m $11.1m
Revenue growth 130.3% 82.0%
Net income −$57.2m −$12.9m
Operating margin -1886.4% -120.6%
Net margin -1645.7% -116.4%
Return on equity -26.2% —
Free cash flow −$70.3m −$5.9m
Cash $22.9m $90,758
Total debt $0 $12.0m
Debt to equity 0.0% —
Dividend per share — —
Dividend yield — —
Share buybacks $0 —
Employees 113 —
Market value $554m $128m
Price vs our value range — —
Moat score 12 (Weak) —
Insider trades, 12 months 1 buys, 0 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.