Hyliion Holdings Corp. income statement
In fiscal 2025, Hyliion Holdings Corp. reported revenue of $3.5m, up 130.3% on the year before, operating income of −$65.6m (a -1886.4% margin) and net income of −$57.2m, or −$0.33 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 2 | 1 | 2 | 3 | 9 |
| Cost of revenue | 0 | 0 | 3 | 9 | 2 | 1 | 3 | 9 |
| Gross profit | 0 | 0 | −3 | −7 | −1 | 0 | 0 | 1 |
| Research and development | 9 | 13 | 58 | 110 | 82 | 37 | 42 | 37 |
| Selling, general and administrative | — | 10 | 35 | 42 | 43 | 24 | 23 | 23 |
| Operating income | −12 | −22 | −96 | −159 | −137 | −64 | −66 | −59 |
| Interest expense | 3 | 5 | 0 | 0 | — | — | — | — |
| Income before tax | 3 | — | — | — | — | — | — | — |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net income | −14 | 324 | −96 | −153 | −124 | −52 | −57 | −52 |
| Diluted EPS | −$0.16 | −$0.35 | −$0.56 | −$0.87 | −$0.68 | −$0.30 | −$0.33 | −$0.29 |
| Diluted shares (average) | 87m | 113m | 172m | 175m | 181m | 175m | 175m | 177m |
| EBITDA | −11 | −21 | −95 | −158 | −134 | −61 | −60 | −51 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 2 | 0 | 2 | 1 | 1 | 3 | 5 |
| Cost of revenue | 0 | 1 | 0 | 1 | 1 | 1 | 3 | 5 |
| Gross profit | 0 | 0 | 0 | 0 | −0 | 0 | 0 | 0 |
| Research and development | 9 | 11 | 12 | 10 | 10 | 10 | 8 | 9 |
| Selling, general and administrative | 6 | 6 | 6 | 6 | 5 | 6 | 6 | 6 |
| Operating income | −14 | −17 | −20 | −16 | −15 | −15 | −13 | −15 |
| Net income | −11 | −14 | −17 | −13 | −13 | −13 | −12 | −14 |
| Diluted EPS | −$0.06 | −$0.09 | −$0.10 | −$0.08 | −$0.08 | −$0.08 | −$0.07 | −$0.08 |
| EBITDA | −13 | −16 | −19 | −14 | −14 | −13 | −11 | −13 |
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