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Hyliion Holdings (HYLN) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Hyliion Holdings (HYLN) Q2 2026 earnings results →

Q2 2026 Revenue up 226% year over year to $4.9M · 282¢ of every $1 of revenue lost · operating margin -309.4%

Hyliion Holdings made $4.9M in Q2 2026 (+226% Y/Y). Operating margin -309.4%, net loss $13.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.

Revenue$4.9M
Year over year+226%
Operating margin-309.4%
Net earnings−$13.9M
Operating cash flow−$7.1M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $4.9M in Q2 2026, up 226% year over year and up 75% from the previous quarter.

Gross margin was 7.4%, down 1.2 points from Q2 2025. Operating costs exceeded revenue by $15.3M, an operating margin of -309.4%. Operating expenses fell 1% while revenue rose 226%. The quarter ended with a net loss of $13.9M, wider than the previous quarter's $11.7M loss.

Operating cash flow was −$7.1M. Non-cash charges added back $2.1M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $3.0M. Capital expenditures of $212K exceeded it, leaving free cash flow of −$7.3M.

Quarterly history

Hyliion Holdings revenue by quarterHyliion Holdings revenue by quarter$1.5MQ4 2024$489KQ1 2025$1.5MQ2 2025$759KQ3 2025$712KQ4 2025$2.8MQ1 2026$4.9MQ2 2026
Hyliion Holdings net earnings by quarterHyliion Holdings net earnings by quarter−$14.4MQ4 2024−$17.3MQ1 2025−$13.4MQ2 2025−$13.3MQ3 2025−$13.2MQ4 2025−$11.7MQ1 2026−$13.9MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 11, 2026$4.9M+226%-309.4%−$13.9M−$7.1M
Q1 202610-QMay 12, 2026$2.8M+479%-467.1%−$11.7M−$12.7M
Q4 202510-KFeb 25, 2026$712K-53%n/m−$13.2M−$11.9M
Q3 202510-QNov 12, 2025$759K—n/m−$13.3M−$10.7M
Q2 202510-QAug 12, 2025$1.5M—n/m−$13.4M−$10.0M
Q1 202510-QMay 13, 2025$489K—n/m−$17.3M−$14.0M
Q4 202410-KFeb 25, 2025$1.5M—n/m−$14.4M−$13.4M

Charts

Hyliion Holdings: revenue growth, year over year and quarter over quarterHyliion Holdings: revenue growth, year over year and quarter over quarterY/YQ/Q-68%Q1 2025+210%Q2 2025-50%Q3 2025-53%-6%Q4 2025+400%+298%Q1 2026+226%+75%Q2 2026
Latest (Q2 2026): Y/Y +226%, Q/Q +75%.
Hyliion Holdings: where the cash came from (+) and went (−), TTM to Q2 2026Hyliion Holdings: where the cash came from (+) and went (−), TTM to Q2 2026Other investing$51.0MOperating cash flow−$42.4MCapital spending−$14.3MAsset & business sales$3.3MCash drawn (+) / kept (−)$2.4MTaxes on employees’ shares−$140KShares issued$3K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Hyliion Holdings: profit against cash, quarter by quarterHyliion Holdings: profit against cash, quarter by quarterNet incomeOperating cash flow−$11.2M−$9.9MQ3 2024−$14.4M−$13.4MQ4 2024−$17.3M−$14.0MQ1 2025−$13.4M−$10.0MQ2 2025−$13.3M−$10.7MQ3 2025−$13.2M−$11.9MQ4 2025−$11.7M−$12.7MQ1 2026−$13.9M−$7.1MQ2 2026
Latest (Q2 2026): Net income −$13.9M, Operating cash flow −$7.1M.
Hyliion Holdings: diluted shares by fiscal yearHyliion Holdings: diluted shares by fiscal year111MFY2020172MFY2021175MFY2022181MFY2023175MFY2024175MFY2025
+58.5% since FY2020: more shares outstanding (issuance, stock pay).

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Hyliion Holdings

Hyliion Holdings Corp. is a Delaware corporation headquartered in Cedar Park, Texas, with research and development (“R&D”) facilities in Cincinnati, Ohio, that designs and develops power generators for stationary and mobile applications and provides R&D services. References to the “Company,” “Hyliion,” “we,” or “us” in this report refer to Hyliion Holdings Corp. and its wholly owned subsidiary, unless expressly indicated or the context otherwise requires. The Company was incorporated on November 7, 2018 and is listed on the NYSE American.

In its own words, from its 10-K, filed Feb 25, 2026.

Hyliion Holdings against its Truck & Bus Bodies peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +226% against the peers' median +30%. Operating margin: -309.4% against the peers' median 3.5%.

CompanyQuarterRevenueY/YOp. margin
HYLN Hyliion HoldingsQ2 2026$4.9M+226%-309.4%
BLBD Blue BirdQ3 FY26$517M+30%12.1%
MLR Miller IndustriesQ3 2026$212M+19%3.5%

Source: Hyliion Holdings 10-Q on SEC EDGAR · CIK 1759631 · Truck & Bus Bodies

13F: who owns HYLN and who is buying

Largest holders of HYLN (13F)Largest holders of HYLN (13F)BlackRock$59.7MVanguard Capital Management LLC$28.9MGeneral Electric$22.9MD. E. Shaw$20.3MGeode Capital Management, LLC$17.2MState Street$14.9MVanguard Group$13.2MInvesco$12.4MMillennium Management LLC$9.9MT. Rowe Price Investment Manageme…$8.3M
Funds' net buying of HYLN by quarter (13F)Funds' net buying of HYLN by quarter (13F)$1.5M2024-09$3.2M2024-12$5.9M2025-03−$4.0M2025-06−$7.0M2025-09−$3.9M2025-12$787K2026-03$48.6M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on HYLN

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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