Financial Statements — HYLN
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 13.17 | 20.26 | 17.88 | 15.59 | 12.33 | 28.07 | 19.13 | 14.72 | 28.60 | 48.21 | 85.21 | 154.16 | 199.93 | 227.11 | 289.49 | 317.71 | 334.72 |
| Short-term Investments | -- | 52.21 | 87.12 | 92.96 | 108.78 | 122.90 | 136.09 | 126.70 | 153.63 | 183.44 | 196.77 | 232.92 | 188.87 | 134.16 | 144.47 | 139.98 | 144.83 |
| Accounts Receivable | 2.67 | 3.03 | 0.73 | 1.19 | 1.99 | 1.26 | 0.37 | 0.12 | 0.14 | 0.80 | 0.84 | 0.89 | 0.11 | 0.77 | 0.36 | 0.09 | 0.08 |
| Inventory | 1.16 | 1.92 | -- | -- | -- | -- | -- | -- | 0.14 | 0.89 | 0.87 | 0.14 | 0.18 | 0.19 | -- | -- | -- |
| Total Current Assets | 71.63 | 81.45 | 109.96 | 114.53 | 127.97 | 161.36 | 164.62 | 154.07 | 194.01 | 249.19 | 298.96 | 393.99 | 397.46 | 371.08 | 439.83 | 461.57 | 483.24 |
| Property, Plant & Equipment | 36.32 | 38.49 | 41.60 | 32.56 | 29.45 | 17.43 | 15.78 | 12.70 | 11.08 | 8.94 | 8.30 | 5.77 | 2.22 | 2.48 | 2.82 | 2.04 | 1.35 |
| Goodwill | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- | -- | -- | -- |
| Intangible Assets | -- | -- | -- | -- | -- | -- | -- | -- | 0.20 | 0.24 | 0.22 | 0.20 | 0.19 | 0.21 | 0.26 | 0.28 | 0.31 |
| Total Non-current Assets* | 107.96 | 109.31 | 106.27 | 114.68 | 113.01 | 110.93 | 116.74 | 143.58 | 162.13 | 141.73 | 119.80 | 82.91 | 122.55 | 177.74 | 167.45 | 170.93 | 159.17 |
| Total Assets | 179.59 | 190.75 | 216.23 | 229.21 | 240.98 | 272.29 | 281.36 | 297.65 | 356.15 | 390.92 | 418.76 | 476.90 | 520.00 | 548.82 | 607.28 | 632.50 | 642.41 |
| Accounts Payable | 1.49 | 0.90 | 2.05 | 2.69 | 1.50 | 1.65 | 1.04 | 2.12 | 3.51 | 2.09 | 3.03 | 2.28 | 2.71 | 3.26 | 7.53 | 8.10 | 2.02 |
| Total Current Liabilities | 9.43 | 8.07 | 9.98 | 10.26 | 9.24 | 9.16 | 7.51 | 10.50 | 13.18 | 18.44 | 14.05 | 16.77 | 14.16 | 11.31 | 15.98 | 14.95 | 7.89 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Total Non-current Liabilities* | 0.62 | 0.95 | 2.39 | 3.08 | 3.75 | 5.40 | 6.01 | 6.74 | 8.60 | 9.34 | 8.11 | 8.89 | 9.11 | 9.24 | 8.75 | 8.97 | 4.84 |
| Total Liabilities | 10.05 | 9.03 | 12.38 | 13.34 | 12.99 | 14.56 | 13.52 | 17.24 | 21.78 | 27.78 | 22.16 | 25.66 | 23.26 | 20.55 | 24.73 | 23.92 | 12.72 |
| Retained Earnings | (232.66) | (218.74) | (193.82) | (180.48) | (167.07) | (135.41) | (124.21) | (113.36) | (68.63) | (38.31) | (3.08) | 55.13 | 118.52 | 152.00 | 208.73 | 235.35 | 258.59 |
| Total Stockholder Equity* | 169.54 | 181.72 | 203.86 | 215.87 | 227.99 | 257.73 | 267.84 | 280.41 | 334.36 | 363.15 | 396.61 | 451.24 | 496.74 | 528.28 | 582.55 | 608.57 | 629.68 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 4.94 | 2.83 | 0.71 | 0.76 | 1.52 | 0.49 | 1.51 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.27 | 0.31 | 1.10 | 0.50 | 0.17 | 0.34 | 0.20 | 0.00 |
| Cost of Revenue | 4.58 | 2.62 | 0.64 | 0.81 | 1.38 | 0.48 | 1.42 | 0.00 | 0.00 | 0.00 | 0.04 | 0.68 | 0.31 | 0.69 | 1.62 | 2.92 | 2.15 | 2.10 | 2.74 | -- |
| Gross Profit | 0.37 | 0.21 | 0.07 | (0.05) | 0.13 | 0.01 | 0.09 | 0.00 | 0.00 | 0.00 | (0.04) | (0.58) | (0.04) | (0.38) | (0.52) | (2.42) | (1.97) | (1.76) | (2.54) | -- |
| Research & Development | 9.49 | 7.67 | 9.96 | 10.14 | 10.14 | 12.23 | 11.26 | 9.46 | 8.31 | 7.97 | 8.77 | 25.12 | 27.44 | 20.92 | 21.83 | 52.68 | 20.06 | 15.81 | 17.39 | 18.15 |
| Selling, General & Admin | 6.43 | 6.18 | 5.53 | 5.18 | 5.96 | 6.08 | 5.88 | 5.65 | 6.26 | 6.59 | 12.35 | 8.19 | 11.10 | 10.98 | 9.73 | 10.26 | 12.17 | 9.82 | -- | 8.66 |
| Total Operating Expenses | 15.66 | 13.44 | 14.99 | 15.25 | 15.75 | 19.73 | 17.20 | 14.18 | 14.02 | 18.99 | 32.59 | 33.30 | 38.54 | 31.90 | 31.56 | 62.94 | 32.22 | 25.63 | 26.58 | -- |
| Operating Income | (15.30) | (13.23) | (14.91) | (15.30) | (15.62) | (19.72) | (17.11) | (14.18) | (14.02) | (18.99) | (32.63) | (33.88) | (38.58) | (32.28) | (32.08) | (65.36) | (34.20) | (27.39) | (29.11) | (26.81) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 |
| Net Income | (13.93) | (11.74) | (13.18) | (13.34) | (13.41) | (17.25) | (14.40) | (11.20) | (10.86) | (15.59) | (29.13) | (30.32) | (35.23) | (28.83) | (29.39) | (63.39) | (33.47) | (27.11) | (29.63) | (26.61) |
| Basic EPS | (0.08) | (0.07) | (0.07) | (0.08) | (0.08) | (0.10) | (0.09) | (0.06) | (0.06) | (0.09) | (0.16) | (0.17) | (0.19) | (0.16) | (0.16) | (0.36) | (0.19) | (0.16) | (0.18) | (0.15) |
| Diluted EPS | (0.08) | (0.07) | (0.07) | (0.08) | (0.08) | (0.10) | (0.09) | (0.06) | (0.06) | (0.09) | (0.16) | (0.17) | (0.19) | (0.16) | (0.16) | (0.36) | (0.19) | (0.16) | (0.18) | (0.15) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (7.09) | (12.73) | (11.86) | (10.69) | (9.99) | (14.00) | (13.45) | (9.89) | (10.69) | (22.70) | (24.53) | (28.84) | (30.35) | (33.24) | (33.43) | (27.87) | (26.27) | (29.30) | (30.68) | (25.66) |
| Capital Expenditures | 0.21 | 1.87 | 1.74 | 10.43 | 4.24 | 7.33 | 5.98 | 2.49 | 5.24 | 2.82 | 0.65 | 2.80 | 0.96 | 2.99 | 0.26 | 2.06 | 0.35 | 0.21 | 0.17 | 1.25 |
| Free Cash Flow* | (7.30) | (14.60) | (13.59) | (21.12) | (14.24) | (21.34) | (19.42) | (12.39) | (15.93) | (25.52) | (25.18) | (31.64) | (31.31) | (36.23) | (33.70) | (29.93) | (26.62) | (29.51) | (30.85) | (26.91) |
| Investing Cash Flow | (0.01) | 10.05 | 17.00 | 13.04 | 13.34 | 17.55 | (5.37) | 18.84 | 18.12 | 27.91 | 16.75 | 9.10 | (6.69) | (0.85) | (1.27) | (17.89) | (0.92) | (1.94) | (0.39) | (1.92) |
| Financing Cash Flow | 0.00 | 0.00 | (0.08) | (0.06) | (0.09) | (0.44) | (0.02) | (0.01) | (3.01) | (11.29) | (0.01) | 0.13 | 0.04 | (0.18) | 0.01 | (0.01) | 0.02 | (0.09) | -0.00 | 0.05 |
* Derived from reported values
