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Hyliion Holdings (HYLN)
:HYLN
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Hyliion Holdings
(NYSE MKT:HYLN)
Rating:48Neutral
Price Target:
$1.50
▼(-13.79% Downside)
Positive Factors
Strategic Partnerships
The MOU with Alkhorayef Industries opens significant market opportunities in Saudi Arabia, potentially leading to substantial revenue growth and market expansion.
Investment Tax Credit
The tax credit incentivizes adoption of Hyliion's KARNO Power Module, potentially accelerating sales and enhancing competitive positioning in the market.
In-House Production Transition
In-house production of LEM enhances control over manufacturing processes, potentially reducing costs and improving product quality and delivery timelines.
Negative Factors
Persistent Financial Losses
Ongoing financial losses highlight operational inefficiencies and challenges in achieving profitability, which may strain resources and investor confidence.
Delayed Commercialization
Delays in commercialization can hinder revenue growth and market penetration, impacting long-term strategic goals and financial projections.
High Operating Expenses
Rising operating expenses due to increased R&D can pressure margins and cash flow, potentially limiting the company's ability to invest in growth initiatives.
Hyliion Holdings (HYLN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$284.21M
Dividend YieldN/A
Average Volume (3M)932.81K
Price to Earnings (P/E)―
Beta (1Y)2.22
Revenue Growth3559.38%
EPS Growth32.16%
CountryUS
Employees93
SectorConsumer Cyclical
Sector Strength79
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.08
Shares Outstanding175,436,630
10 Day Avg. Volume667,061
30 Day Avg. Volume932,810
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap0.45
Enterprise Value/Revenue26.77
Enterprise Value/Gross Profit84.40
Enterprise Value/Ebitda-2.04
Forecast
1Y Price Target
$1.50Price Target Upside-13.79% Downside
Rating ConsensusHold
Number of Analyst Covering1
Hyliion Holdings Business Overview & Revenue Model
Company DescriptionHyliion Holdings Corp. designs, develops, and sells electrified powertrain solutions for the commercial vehicle industry. It also provides battery management systems for hybrid and fully electric vehicle applications; and battery packs. The company was founded in 2015 and is headquartered in Cedar Park, Texas.
How the Company Makes MoneyHyliion generates revenue through the sale of its hybrid and fully electric powertrain systems to commercial vehicle manufacturers and fleet operators. The company’s revenue model is primarily centered around the direct sale of its proprietary systems, as well as potential ongoing maintenance and support services. Key revenue streams include initial sales contracts, which may involve partnerships with major trucking companies and OEMs (original equipment manufacturers) to integrate Hyliion's technology into their vehicles. Additionally, Hyliion may explore revenue opportunities through software solutions that optimize fleet efficiency and through potential licensing of its technology. Strategic partnerships and collaborations with established players in the automotive and logistics sectors can also significantly contribute to its earnings by expanding its market reach and enhancing product offerings.
Hyliion Holdings Earnings Call Summary
Earnings Call Date:Aug 12, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted significant achievements such as the introduction of a tax credit, partnerships, and resolution of production challenges, indicating positive momentum. However, financial losses and delays in commercialization present ongoing challenges.Q2-2025 Updates
Positive Updates
Introduction of 30% Investment Tax Credit
A 30% investment tax credit has been established for customers deploying linear generators or fuel cells, which will help drive customer adoption of Hyliion's KARNO Power Module.
Resumption of Deliveries
The company resumed deliveries after resolving key engineering and manufacturing challenges, including moving LEM production in-house.
Successful Navy Partnership
Hyliion delivered its second Early Adopter unit to the U.S. Navy and received a Phase II small business innovation research contract for further R&D work.
Strategic MOU and LOI Signed
Hyliion signed a strategic MOU with Alkhorayef Industries for a potential $1 billion deployment in Saudi Arabia, and an LOI with MMR Group for purchasing KARNO Power Modules.
Continued Financial Support
Hyliion expects to have sufficient capital to carry it through the commercialization of KARNO Power Module sales with a forecasted year-end balance of $155 million.
Negative Updates
Revenue and Net Loss
Q2 2025 revenue was $1.5 million with a net loss of $13.4 million, up from $10.9 million in Q2 2024 and $30.7 million year-to-date net loss.
Delay in Full Commercialization
Full product commercialization of the KARNO Power Module has been shifted to 2026, impacting the 2025 revenue forecast which was adjusted down to $5 million to $10 million.
R&D and Operating Expenses
Increased R&D expenses led to higher operating expenses of $15.8 million in Q2 2025, compared to $14 million in Q2 2024.
Company Guidance
During Hyliion Holdings' Q2 2025 earnings call, the company provided several key updates and metrics, indicating a positive trajectory in its operations. The highlight of the call was the introduction of a 30% investment tax credit for customers deploying the KARNO Power Module, as part of the "One Big Beautiful Bill Act," which is expected to significantly aid in customer adoption. The company reported a $1.5 million revenue from research and development services and a gross profit of $131,000, showcasing a marked improvement from the previous year. Hyliion also announced the successful in-house transition of Linear Electric Motor (LEM) production and advancements in the KARNO regen design, which are vital for meeting upcoming production needs. Despite a net loss of $13.4 million for the quarter, up from $10.9 million in Q2 2024, the company remains optimistic, having reduced its cash spending from $20.9 million in Q1 2025 to $13.5 million in Q2. The company has adjusted its 2025 revenue forecast to $5 million to $10 million, anticipating full commercialization of the KARNO system by 2026. Additionally, Hyliion emphasized its ongoing collaborations with the U.S. Navy and other military branches, highlighting the strategic importance and reliability of its systems in rigorous testing environments.Hyliion Holdings Financial Statement Overview
Summary
Hyliion Holdings is facing significant financial challenges, with persistent losses and negative cash flows. Despite a strong equity position and low debt levels, the company's inability to generate positive operating or free cash flow is a critical issue that needs strategic improvements.Income Statement
Hyliion Holdings has experienced significant losses over the years, with negative net profit margins due to high operating expenses compared to revenue. Although there was a slight increase in total revenue in 2024, the company's EBIT and EBITDA margins remain deeply negative, indicating ongoing operational challenges.30
Negative
Balance Sheet
The company has maintained a relatively strong equity base, with a high equity ratio. However, consistent losses have eroded stockholders' equity over time. The debt-to-equity ratio is low, suggesting limited leverage, but the negative net income impacts return on equity, which remains unfavorable.45
Neutral
Cash Flow
Operating cash flow has been consistently negative, reflecting ongoing operational challenges. Free cash flow has also been negative, although there has been some improvement due to reduced capital expenditures. The cash flow from financing activities has been inconsistent, with some periods of significant inflow and others of outflow.35
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.80M | 1.51M | 672.00K | 2.11M | 200.00K | 0.00 |
| Gross Profit | 1.52M | 94.00K | -1.04M | -6.67M | -2.54M | -1.78M |
| EBITDA | -63.08M | -58.15M | -122.38M | -157.80M | -95.16M | 331.35M |
| Net Income | -56.27M | -52.05M | -123.51M | -153.36M | -96.05M | -44.63M |
Balance Sheet | ||||||
| Total Assets | 229.21M | 263.05M | 328.38M | 446.74M | 578.44M | 655.09M |
| Cash, Cash Equivalents and Short-Term Investments | 108.56M | 120.14M | 163.18M | 313.21M | 377.23M | 591.59M |
| Total Debt | 5.61M | 6.79M | 7.64M | 7.32M | 8.64M | 6.77M |
| Total Liabilities | 13.34M | 18.66M | 22.12M | 23.17M | 24.52M | 14.92M |
| Stockholders Equity | 215.87M | 244.39M | 306.27M | 423.57M | 553.91M | 640.17M |
Cash Flow | ||||||
| Free Cash Flow | -67.39M | -73.26M | -124.36M | -119.76M | -82.88M | -23.25M |
| Operating Cash Flow | -47.34M | -56.74M | -116.96M | -116.88M | -80.50M | -22.94M |
| Investing Cash Flow | 44.36M | 59.49M | 18.31M | -22.02M | -65.99M | -238.14M |
| Financing Cash Flow | -562.00K | -14.33M | -15.00K | -78.00K | 15.90M | 644.50M |
Hyliion Holdings Technical Analysis
Positive
1.74
Price Trends
1.60
Positive
1.54
Positive
1.85
Negative
Market Momentum
0.02
Positive
56.47
Neutral
46.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HYLN, the sentiment is Positive. The current price of 1.74 is above the 20-day moving average (MA) of 1.66, above the 50-day MA of 1.60, and below the 200-day MA of 1.85, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 56.47 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HYLN.
Hyliion Holdings Risk Analysis
Hyliion Holdings disclosed 44 risk factors in its most recent earnings report. Hyliion Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Hyliion Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.56% | 3.03% | 1.52% | -15.83% | |
55 Neutral | $371.43M | ― | -72.45% | ― | 17.32% | 37.70% | |
54 Neutral | $457.15M | ― | -34.37% | ― | ― | -63.15% | |
48 Neutral | $284.21M | ― | -23.27% | ― | 3559.38% | 32.16% | |
47 Neutral | $98.14M | ― | -64.97% | ― | -13.37% | -75.09% | |
43 Neutral | $129.28M | ― | 146.24% | ― | -5.22% | 84.74% | |
41 Neutral | $902.93M | ― | -1441.64% | ― | 111.39% | -74.39% |
* Consumer Cyclical Sector Average
Performance Comparison
HYLN
Hyliion Holdings
1.74
-0.42
-19.44%
LAZR
Luminar Technologies
2.13
-11.78
-84.69%
AEVA
Aeva Technologies
16.18
13.29
459.86%
INVZ
Innoviz Technologies
1.84
1.09
145.33%
GGR
Gogoro
0.32
-0.54
-62.79%
SES
SES AI Corporation Class A
1.32
0.30
29.41%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.