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Hyliion HYLN Research and development services — Cost of revenues

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Other financials

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

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Market cap$704.39M+166%
Enterprise value$687.18M+171%
P/S121.1×+45.8×

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×

Where this comes from

Reported directly by Hyliion in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The source filing: Hyliion’s 10-Q, filed May 12, 2026.

Filed
May 12, 2026, 4:16 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-034116
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Research and development services$2,832$489
Total revenues2,832489
Cost of revenues
Research and development services2,622477
Total cost of revenues2,622477
Gross profit21012
Operating expenses
Research and development7,67012,230

Item 1. Financial Statements (Unaudited)

FAQ

What is Hyliion's research and development services — cost of revenues?
Hyliion (HYLN) reported research and development services — cost of revenues of $2.62M in Q1 2026.
How has Hyliion's research and development services — cost of revenues changed year-over-year?
Hyliion's research and development services — cost of revenues increased by 449.7% year-over-year, from $477K to $2.62M.
What is the long-term trend for Hyliion's research and development services — cost of revenues?
Over 4 years (2021 to 2025), Hyliion's research and development services — cost of revenues has grown at a 4.8% compound annual growth rate (CAGR), from $2.74M to $3.31M.
What does research and development services — cost of revenues mean?
This metric represents the direct costs incurred to generate revenue from specialized research and development services provided to third-party clients. It includes expenses such as labor, materials, and overhead directly attributable to fulfilling these specific technical service contracts. Monitoring this cost helps assess the profitability and operational efficiency of the company's service-based revenue streams.

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