Filing Flows › Hyliion Holdings (HYLN) › Q1 2026
Hyliion Holdings (HYLN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Hyliion Holdings (HYLN) reported revenue of $2.8M for the first quarter 2026 (Q1 2026), +479% from a year earlier and +298% from the quarter before. Operating margin was -467.1%, net loss $11.7M (414.4% of revenue).
Hyliion Holdings, Q1 2026: revenue $2.8M (+479% year over year), operating margin -467.1%, net loss $11.7M, operating cash flow −$12.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8M | +298% | +479% |
| Operating profit | −$13.2M | — | — |
| Net earnings | −$11.7M | — | — |
| Operating cash flow | −$12.7M | — | — |
What changed
Revenue was $2.8M in Q1 2026, up 479% year over year and up 298% from the previous quarter.
Gross margin was 7.4%, up 5.0 points from Q1 2025. Operating costs exceeded revenue by $13.2M, an operating margin of -467.1%. Operating expenses fell 32% while revenue rose 479%. The quarter ended with a net loss of $11.7M, narrower than the previous quarter's $13.2M loss.
Operating cash flow was −$12.7M. Non-cash charges added back $2.1M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $4.5M. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$14.6M.
Questions
What was Hyliion Holdings' revenue in the first quarter 2026?
Hyliion Holdings (HYLN) reported revenue of $2.8M for the first quarter 2026 (Q1 2026), +479% from a year earlier and +298% from the quarter before.
Was Hyliion Holdings profitable in the first quarter 2026?
Operating loss was $13.2M (-467.1% of revenue) and net loss $11.7M.
Source: Hyliion Holdings 10-Q on SEC EDGAR.