Hyliion Holdings Corp. (HYLN) Income Statement
HYLN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHYLN revenue and net income
Where HYLN's revenue goes
2025Each bar shows an amount and its share of revenue. HYLN kept −1,645.7% of revenue as net income.
HYLN profit margins
HYLN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +130.3% | +18.2% | — | — |
| Gross profit | −6,255.3% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HYLN quarterly EPS vs estimates
Hyliion beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 10, 2026 (estimate $-0.08).
HYLN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5M | $1.5M | $672,000 | $2.1M | $200,000 | $0 | $0 | $0 |
| Cost of revenue | $9.3M | $1.4M | $1.7M | $8.8M | $2.7M | $1.8M | $2.3M | — |
| Gross profit | −$5.8M | $94,000 | −$1.0M | −$6.7M | −$2.5M | −$1.8M | −$2.3M | — |
| Research & development | $37.0M | $1.5M | $82.2M | $110.4M | $58.3M | $11.9M | $8.4M | $15.7M |
| Sales, general & admin | $22.8M | $24.4M | $42.6M | $42.0M | $35.3M | $9.3M | $464,782 | — |
| Total operating expenses | $59.3M | $64.4M | $136.3M | $152.4M | $93.6M | $20.4M | $9.7M | $19.9M |
| Operating income | −$65.1M | −$64.3M | −$137.4M | −$159.0M | −$96.1M | −$22.2M | −$12.0M | −$19.9M |
| Interest income | $8.4M | $12.2M | $13.8M | $5.7M | $779,000 | $6,000 | $0 | — |
| Interest expense | — | — | — | $5.7M | $49,000 | $5.5M | $3.3M | $0 |
| Income before taxes | −$57.2M | −$52.0M | −$123.5M | −$153.4M | −$96.0M | $324.1M | −$14.1M | −$19.3M |
| Income taxes | — | — | $3.3M | −$5.7M | $1.4M | $5.4M | $3.3M | −$19.8M |
| Net income | −$57.2M | −$52.0M | −$123.5M | −$153.4M | −$96.0M | $324.1M | −$14.1M | −$591 |
| EBITDA | −$51.2M | −$58.1M | −$122.4M | −$152.1M | −$95.2M | $331.4M | −$8.5M | −$591 |
| EPS (diluted) | −$0.33 | −$0.26 | −$0.62 | −$0.87 | −$0.55 | −$0.59 | $0.09 | $0.00 |
| Gross margin | −166.5% | 6.2% | −155.4% | −316.8% | −1,268.5% | — | — | — |
| Operating margin | −1,872.1% | −4,261.0% | −20,441.8% | −7,551.3% | −48,048.5% | — | — | — |
| Net margin | −1,645.7% | −3,449.2% | −18,379.5% | −7,281.9% | −48,024.0% | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.9M | $2.8M | $712,000 | $759,000 | $1.5M | $489,000 | $1.5M | $2.6M | $0 | $0 | $0 | $96,000 |
| Cost of revenue | $4.6M | $4.7M | $2.5M | $2.4M | $2.7M | $1.6M | $1.4M | $855,000 | $713,000 | $572,000 | $41,000 | $677,000 |
| Gross profit | $366,000 | −$1.9M | −$1.8M | −$1.7M | −$1.2M | −$1.1M | $94,000 | −$855,000 | −$713,000 | −$572,000 | −$41,000 | −$581,000 |
| Research & development | $9.5M | $7.7M | $10.0M | $10.1M | $10.1M | $12.2M | $11.3M | $9.5M | $8.3M | $8.0M | $8.8M | $25.1M |
| Sales, general & admin | $6.4M | $6.2M | $5.5M | $5.2M | $6.0M | $6.1M | $5.9M | $5.6M | $6.3M | $6.6M | $12.3M | $8.2M |
| Total operating expenses | $15.7M | $11.7M | $13.6M | $13.7M | $14.8M | $17.2M | $17.2M | $14.3M | $14.0M | $19.0M | $32.6M | $33.3M |
| Operating income | −$15.3M | −$13.6M | −$15.4M | −$15.4M | −$16.0M | −$18.3M | −$17.1M | −$15.1M | −$14.0M | −$19.0M | −$32.6M | −$33.9M |
| Interest income | $1.4M | $1.5M | $1.7M | $2.0M | $2.2M | $2.5M | $2.7M | $3.0M | $3.1M | $3.4M | $3.5M | $3.5M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $2,000 | — |
| Income before taxes | −$13.9M | −$11.7M | −$13.2M | −$13.3M | −$13.4M | −$17.3M | −$14.4M | −$11.2M | −$10.9M | −$15.6M | −$29.1M | −$30.3M |
| Income taxes | — | — | — | — | — | — | −$529,000 | −$529,000 | — | $528,724 | $10.3M | −$3.5M |
| Net income | −$13.9M | −$11.7M | −$13.2M | −$13.3M | −$13.4M | −$17.3M | −$14.4M | −$11.2M | −$10.9M | −$15.6M | −$29.1M | −$30.3M |
| EBITDA | −$11.8M | −$9.6M | −$11.3M | −$11.7M | −$12.1M | −$16.1M | −$16.0M | −$10.3M | −$13.9M | −$14.0M | −$19.4M | −$29.7M |
| EPS (diluted) | −$0.08 | −$0.07 | −$0.07 | −$0.08 | −$0.08 | −$0.10 | −$0.08 | −$0.06 | −$0.06 | −$0.06 | −$0.10 | −$0.17 |
| Gross margin | 7.4% | −67.1% | −255.1% | −222.0% | −76.2% | −231.1% | 6.2% | −33.3% | — | — | — | −605.2% |
| Operating margin | −309.4% | −481.7% | −2,165.6% | −2,024.6% | −1,054.1% | −3,742.1% | −1,133.9% | −587.9% | — | — | — | −35,293.8% |
| Net margin | −281.7% | −414.4% | −1,851.5% | −1,757.2% | −885.4% | −3,528.4% | −954.1% | −435.9% | — | — | — | −31,585.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HYLN's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HYLN financial results
In fiscal year 2025 (ended December 31, 2025), Hyliion reported revenue of $3.5 million, up 130.3% from the year before. It had a net loss of $57.2 million, a net profit margin of −1,645.7%. Diluted earnings per share came to −$0.33.
See the HYLN stock overview for the latest quote and news, or the HYLN chart for price history and technical indicators.
HYLN income statement FAQ
What is Hyliion's annual revenue?
Hyliion reported total revenue of $3.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 130.3% from $1.5 million the previous year.
Is Hyliion profitable?
No. Hyliion reported a net loss of $57.2 million in fiscal 2025, a net profit margin of −1,645.7%; its operating margin was −1,872.1%.
What is Hyliion's gross margin?
Hyliion's gross margin was −166.5% in fiscal 2025: for every $100 of revenue, Hyliion kept $-167 after the direct cost of its products and services.
How much does Hyliion spend on research and development?
Hyliion spent $37.0 million on research and development in fiscal 2025, 1,063.8% of revenue.
What are Hyliion's earnings per share?
Hyliion earned $-0.33 per diluted share in fiscal 2025, compared with $-0.26 a year earlier.
When will Hyliion report its next earnings?
Hyliion is expected to report results for the quarter ending September 30, 2026 on November 10, 2026 after the market closes.
When does Hyliion's fiscal year end?
Hyliion's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.