HYLIION HOLDINGS CORP.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $3.5M | $1.5M | $672.0K | $2.1M | $200.0K | $0 | $0 |
| Cost of Revenue | $3.3M | $1.4M | $1.7M | $8.8M | $2.7M | $0 | $0 |
| Gross Profit | $170.0K | $94.0K | $-1.0M | $-6.7M | $-2.5M | $0 | $0 |
| Gross Margin | 4.9% | 6.2% | -155.4% | -316.8% | -1,268.5% | — | — |
| Operating Expenses | |||||||
| Research & Development | $42.5M | $37.0M | $82.2M | $110.4M | $58.3M | $12.6M | $9.3M |
| SG&A Expense | $22.8M | $24.4M | $42.6M | $42.0M | $35.3M | $9.6M | — |
| Operating Income | $-65.6M | $-64.3M | $-137.4M | $-159.0M | $-96.1M | $-22.2M | $-12.0M |
| Operating Margin | -1,886.4% | -4,261.0% | -20,441.8% | -7,551.3% | -48,048.5% | — | — |
| Interest Expense | — | — | — | $0 | $0 | $5.5M | $3.3M |
| Pretax Income | — | — | — | — | — | — | $3.1M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $-57.2M | $-52.0M | $-123.5M | $-153.4M | $-96.0M | $324.1M | $-14.1M |
| Net Margin | -1,645.7% | -3,449.2% | -18,379.5% | -7,281.9% | -48,024.0% | — | — |
| EPS (Basic) | $-0.33 | $-0.30 | $-0.68 | $-0.87 | $-0.56 | $3.11 | $-0.16 |
| EPS (Diluted) | $-0.33 | $-0.30 | $-0.68 | $-0.87 | $-0.56 | $-0.35 | $-0.16 |
| Shares Outstanding (Basic) | 175.4M | 174.9M | 181.4M | 175.4M | 172.2M | 104.3M | 86.6M |
| Shares Outstanding (Diluted) | 175.4M | 174.9M | 181.4M | 175.4M | 172.2M | 112.6M | 86.6M |
| Dividends Per Share | — | — | — | — | — | — | — |