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Hyliion

HYLN

Hyliion Holdings Corp. designs and develops innovative power generation solutions for stationary and mobile applications, primarily focused on the energy economy.

Market cap
$757.89M+202%
Revenue$5.8M+191%
Net income-$51.7M+3.8%
Free cash flow-$63.6M+8.0%
EPS (diluted)-$0.31
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 11, 2026 (in a month)
Revenue estimate$2.4M
EPS estimate-$0.09

Financials

Q1 2026

Income statement

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Revenue$2.8M+479%
Gross profit$210.0K+1,650%
Operating income-$13.2M+32.9%
Net income-$11.7M+32.0%
EPS (diluted)-$0.07+30.0%

Balance sheet

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Cash & equivalents$20.9M+61.0%
Total debt$3.7M-40.1%
Total equity$181.7M-20.3%
Total assets$190.8M-20.8%

Cash flow

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Operating cash flow-$12.7M+9.1%
CapEx$1.9M-74.4%
Free cash flow-$14.6M+31.6%

Valuation & ratios

Valuation

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Market cap$757.89M+202%
Enterprise value$740.68M+225%
P/S130.3×+62.4×

Profitability

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Gross margin6.3%+1.0pp
Operating margin-1,015.1%-414pp
Net margin-888.1%-356pp
FCF margin-1,092.3%-444pp

Returns & leverage

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Return on equity-25.2%+6.1pp
Debt / equity0.0×
Current ratio10.1×-3.8×

Segments

By segment

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Reportable Segment$2.8M+460%

Competitors

Profile

Hyliion Holdings Corp. designs and develops innovative power generation solutions for stationary and mobile applications, primarily focused on the energy economy. Its core value proposition is the KARNO Power Module, a fuel-agnostic linear generator that offers significant improvements in efficiency, emissions, and maintenance costs compared to conventional internal combustion engines. The company provides both power generation hardware and specialized research and development services to commercial and government sectors.

Competitive position

Hyliion is an early-stage innovator in the distributed generation market, leveraging proprietary additive manufacturing and linear generator technology to compete against established internal combustion and fuel cell providers.

GeographiesUnited States
Customer segmentsEnterprise, Government, Military
Business modelManufacturing, R&D Services, Hardware-as-a-Service
SuppliersAdditive manufacturing machine providers, Metal powder manufacturers, Rare earth magnet suppliers, Electronic component fabricators
CustomersData center developers, Industrial microgrid operators, Naval and defense logistics units, Fleet charging depots
Listed2020
Employees85.0
CEOThomas Healy
IndustryAuto - Parts
FilingsSEC EDGAR

Questions, answered.

What is Hyliion's market cap?
Hyliion (HYLN) has a market capitalization of $757.9M and trades on NYSE.
What is Hyliion's revenue and profitability?
Hyliion generated $5.8M in trailing twelve-month revenue with a net loss of $51.7M, representing a net margin of -888.1%. Gross margin stands at 6.3%, with free cash flow of -$63.6M. These figures are based on the Q1 2026 filing.
Who are Hyliion's competitors?
Hyliion's key competitors include Generac, Cummins, Bloom Energy, and others. These companies compete in similar markets and product categories.
Who does Hyliion partner with?
Hyliion's notable partners include United States Department of the Navy, General Electric, Colibrium Additive.
Where is Hyliion headquartered?
Hyliion is headquartered in United States of America and employs approximately 85 people. It has been publicly traded since 2020.