Hyliion Holdings Corp. ( (HYLN) ) has released its Q2 earnings. Here is a breakdown of the information Hyliion Holdings Corp. presented to its investors.
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Hyliion Holdings Corp., a developer of modular power plant technology, is focused on providing innovative solutions for clean and flexible electricity production, primarily targeting the commercial and waste management industries. In its second-quarter 2025 earnings report, Hyliion highlighted the qualification of its KARNO Power Module for a 30% Investment Tax Credit under the One Big Beautiful Bill Act, resumed production with the U.S. Navy, and signed a $1 billion MOU with Alkhorayef Industries for deployment in Saudi Arabia. The company reported $1.5 million in revenue for the quarter, primarily from research and development services, and ended with $185 million in cash and investments. Operating expenses increased due to higher R&D costs, resulting in a net loss of $13.4 million for the quarter. Looking forward, Hyliion expects commercialization of the KARNO Power Module to begin in 2026, with a revised 2025 revenue forecast of $5 to $10 million. The company aims to achieve breakeven gross margins by the end of 2026, supported by increased production volume and improved cost efficiencies.