Hongli Group Inc. (HLP) Income Statement
HLP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHLP revenue and net income
Where HLP's revenue goes
2025Each bar shows an amount and its share of revenue. HLP kept 9.9% of revenue as net income.
HLP profit margins
HLP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +39.0% | −1.1% | +11.9% | — |
| Gross profit | +41.1% | −3.1% | +7.5% | — |
| Operating income | — | −5.9% | −0.3% | — |
| Net income | — | −12.8% | −4.3% | — |
| EPS (diluted) | — | −51.9% | −31.6% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HLP quarterly EPS vs estimates
Hongli beat the analyst EPS estimate in 3 of the last 3 quarters.
HLP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $19.6M | $14.1M | $16.0M | $20.3M | $21.7M | $11.2M | $9.3M |
| Cost of revenue | $13.2M | $9.6M | $10.8M | $13.3M | $14.1M | $6.7M | $5.3M |
| Gross profit | $6.4M | $4.5M | $5.2M | $7.0M | $7.7M | $4.5M | $4.0M |
| Research & development | $994,500 | $818,315 | $962,963 | $1.4M | $1.5M | $643,958 | $325,086 |
| Sales, general & admin | $3.0M | $5.5M | $3.1M | $2.6M | $3.7M | $2.0M | $1.1M |
| Total operating expenses | $3.9M | $6.1M | $4.2M | $4.1M | $3.7M | $2.0M | $1.1M |
| Operating income | $2.4M | −$1.6M | $1.0M | $2.9M | $3.9M | $2.5M | $2.9M |
| Interest expense | $469,710 | $466,386 | $643,000 | $244,005 | $537,521 | $372,546 | $256,156 |
| Income before taxes | $2.2M | −$1.9M | $932,462 | $3.2M | $3.5M | $2.7M | $2.7M |
| Income taxes | $228,684 | $8,392 | $67,740 | $280,069 | $263,080 | $239,496 | $588,555 |
| Net income | $1.9M | −$1.9M | $864,722 | $2.9M | $3.2M | $2.4M | $2.1M |
| EBITDA | $3.2M | −$463,812 | $2.6M | $4.3M | $4.7M | $3.6M | $3.5M |
| EPS (diluted) | $0.03 | −$0.03 | $0.07 | $0.27 | $0.07 | $0.20 | $0.17 |
| Gross margin | 32.5% | 32.0% | 32.8% | 34.6% | 35.3% | 39.9% | 43.0% |
| Operating margin | 12.4% | −11.2% | 6.4% | 14.4% | 18.1% | 22.1% | 31.0% |
| Net margin | 9.9% | −13.3% | 5.4% | 14.5% | 14.7% | 21.7% | 22.4% |
| Mar '26 | Jun '25 | Mar '25 | Jun '24 | Mar '24 | Sep '23 | Mar '23 | Sep '22 | Jun '22 | Dec '21 | Jun '21 | Dec '20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.0M | $9.6M | $7.1M | $7.0M | $7.1M | $8.9M | $9.8M | $4.9M | $10.5M | $11.5M | $10.3M | $6.3M |
| Cost of revenue | $6.9M | $6.3M | $4.9M | $4.7M | $4.9M | $5.9M | $6.3M | $3.1M | $7.0M | $7.3M | $6.9M | $4.0M |
| Gross profit | $3.1M | $3.3M | $2.2M | $2.3M | $2.2M | $3.0M | $3.5M | $1.8M | $3.5M | $4.1M | $3.4M | $2.3M |
| Research & development | $512,031 | $482,469 | $383,628 | $434,688 | $319,272 | $643,691 | $669,355 | $334,517 | $743,000 | $877,682 | $531,000 | $227,958 |
| Sales, general & admin | — | $1.5M | $1.7M | $3.6M | $1.6M | $1.6M | $1.4M | $622,120 | — | — | — | — |
| Total operating expenses | $1.9M | $2.0M | $2.1M | $4.0M | $2.0M | $2.3M | $2.1M | $974,087 | $1.9M | $2.2M | $1.4M | $972,094 |
| Operating income | $1.1M | $1.3M | $110,946 | −$1.7M | $235,440 | $784,990 | $1.4M | $704,679 | $1.5M | $1.9M | $2.0M | $1.3M |
| Interest expense | $270,932 | $198,778 | $250,255 | $216,131 | $315,874 | $327,128 | $194,013 | — | $246,992 | $141,772 | $352,749 | — |
| Income before taxes | $1.0M | $1.2M | $17,583 | −$1.9M | $70,516 | $861,945 | $1.3M | $625,392 | $2.0M | $1.7M | $1.8M | $1.7M |
| Income taxes | $59,800 | $168,884 | −$3,130 | $11,522 | $2,148 | $65,591 | $185,283 | $92,642 | $94,786 | −$42,301 | $305,381 | $81,048 |
| Net income | $952,791 | $990,049 | $20,713 | −$1.9M | $68,368 | $796,354 | $1.1M | $532,751 | $1.9M | $1.7M | $1.5M | $1.6M |
| EBITDA | $1.5M | $1.7M | $721,772 | −$1.2M | $699,146 | $1.7M | $1.7M | $848,539 | $2.6M | $2.2M | $2.5M | $2.2M |
| EPS (diluted) | — | $0.01 | $0.00 | — | — | — | — | — | — | $0.07 | — | — |
| Gross margin | 30.9% | 34.3% | 31.0% | 33.1% | 31.1% | 34.2% | 35.4% | 35.8% | 33.0% | 36.0% | 33.2% | 35.9% |
| Operating margin | 11.5% | 13.4% | 1.6% | −24.3% | 3.3% | 8.8% | 14.4% | 14.4% | 14.4% | 17.0% | 19.4% | 20.5% |
| Net margin | 9.5% | 10.3% | 0.3% | −27.3% | 1.0% | 8.9% | 10.9% | 10.9% | 17.8% | 15.2% | 14.2% | 24.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HLP's financial statements (latest annual report filed May 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HLP financial results
In fiscal year 2025 (ended December 31, 2025), Hongli reported revenue of $19.6 million, up 39.0% from the year before. It had net income of $1.9 million, a net profit margin of 9.9%. Diluted earnings per share came to $0.03. Over five years revenue grew at an average rate of 11.9% a year.
See the HLP stock overview for the latest quote and news, or the HLP chart for price history and technical indicators.
HLP income statement FAQ
What is Hongli's annual revenue?
Hongli reported total revenue of $19.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 39.0% from $14.1 million the previous year.
Is Hongli profitable?
Yes. Hongli reported net income of $1.9 million in fiscal 2025, a net profit margin of 9.9%; its operating margin was 12.4%.
What is Hongli's gross margin?
Hongli's gross margin was 32.5% in fiscal 2025: for every $100 of revenue, Hongli kept $33 after the direct cost of its products and services.
How much does Hongli spend on research and development?
Hongli spent $1.0 million on research and development in fiscal 2025, 5.1% of revenue.
How fast is Hongli growing?
Revenue grew 11.9% a year on average over the last five fiscal years, from $11.2 million to $19.6 million.
What are Hongli's earnings per share?
Hongli earned $0.03 per diluted share in fiscal 2025, compared with $-0.03 a year earlier.
When does Hongli's fiscal year end?
Hongli's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on May 13, 2026.