Private company

Heliogen, Inc.

American electric services company, incorporated in Delaware. Summary from the record

Last updated Oct 19, 2026.

Overview

  • IndustryElectric Services1
  • HeadquartersPasadena, California1
  • Incorporated inDE2
  • Business address130 W Union St., Pasadena, Ca 911032
  • Filer category, Emerging growth company2

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Heliogen, Inc. and its subsidiaries (collectively, “Heliogen,” the “Company,” “we,” “us,” or “our”) is a renewable energy technology company focused on delivering round-the-clock, low-carbon U.S. energy production, using concentrated sunlight and thermal energy storage to deliver cost-effective, load-following, high-capacity factor thermal and electric energy.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

450.0%Gross margin4
149.3%Operating margin4
164.0%Net margin4
2134.7%Revenue growth, 20244
112.2%Return on equity4
-$39.1MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue5¢$4.7M
  • Research and development18¢$16.3M
  • Selling, general and admin40¢$36.3M
  • Income tax0¢$6.0K
  • Profit36¢$32.5M

Out of $19.8M in revenue.4

Financial statements

Revenue5674$19.8M in 2024+9822% since 2020
0$5.0M$10.0M$15.0M$20.0M2020: $200.0K$200.0K20202021: $7.4M$7.4M2021+3581%2022: $6.5M$6.5M2022−11%2023: $888.0K$888.0K2023−86%2024: $19.8M$19.8M2024+2135%
Gross profit5674$89.3M in 2024
-$100.0M-$50.0M0$50.0M$100.0M2020: -$217.0K-$217.0K20202021: -$643.0K-$643.0K2021+196%2022: -$33.8M-$33.8M2022+5154%2023: -$55.6M-$55.6M2023+65%2024: $89.3M$89.3M2024
Operating income5674$29.6M in 2024
-$200.0M-$150.0M-$100.0M-$50.0M0$50.0M2020: -$7.5M-$7.5M20202021: -$44.0M-$44.0M2021+485%2022: -$160.2M-$160.2M2022+264%2023: -$135.1M-$135.1M2023−16%2024: $29.6M$29.6M2024
Net income5674$32.5M in 2024
-$150.0M-$100.0M-$50.0M0$50.0M2020: -$7.4M-$7.4M20202021: -$137.4M-$137.4M2021+1748%2022: -$142.0M-$142.0M2022+3%2023: -$129.6M-$129.6M2023−9%2024: $32.5M$32.5M2024
Fiscal year2018201920202021202220232024
Revenue$200.0K5$7.4M6$6.5M7$888.0K4$19.8M4
Cost of revenue$417.0K5$9.4M6$47.5M7$60.0M7$4.7M4
Gross profit-$217.0K5-$643.0K6-$33.8M7-$55.6M4$89.3M4
Research and development$3.6M5$13.5M6$38.3M7$21.0M4$16.3M4
Selling, general and admin$3.7M5$29.8M6$81.2M7$49.5M4$36.3M4
Operating expenses$43.3M6$126.4M7$79.5M4$59.7M4
Operating income-$7.5M5-$44.0M6-$160.2M7-$135.1M4$29.6M4
Income before tax-$137.4M6-$143.0M7-$129.6M4$32.6M4
Income tax$011$2.0K6-$1.0M7$1.0K4$6.0K4
Net income-$7.4M5-$137.4M6-$142.0M7-$129.6M4$32.5M4
Earnings per share-$0.935-$11.486-$26.137-$22.264$5.364
Earnings per share (diluted)-$0.935-$11.486-$26.137-$22.264$5.224
Shares (weighted, basic)12.0M shares65.4M shares75.8M shares46.1M shares4
Shares (weighted, diluted)12.0M shares65.4M shares75.8M shares46.2M shares4

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Leadership

Who has led Heliogen, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Phyllis W. Newhouse2021
  2. Bill Gross2022
  3. Christiana Obiaya2023–now

Chair

  1. Isabelle D. Freidheim2021

Chief financial officer

  1. Grace Vandecruze2021
  2. Christiana Obiaya2022
  3. Kelly Rosser2023
  4. Sagar Kurada2023
  5. Alan O. Gahm2024
  6. Robert Phelps Morris2024–now
2025
Board members and other officers (18)

Former names

  • Athena Technology Acquisition Corp.Jan 19, 2021 to Dec 30, 20212

Timeline

  1. Mar 17, 2023New chief executive Christiana Obiaya becomes CEO12
  2. Jan 4, 2022New chief executive Bill Gross becomes CEO13
  3. Mar 16, 2021New chief executive Phyllis W. Newhouse becomes CEO14

Filings

348 filings to the SEC since October 2021: 5 annual reports, 11 quarterly reports, 50 major events, 153 insider forms, 26 large holders, 103 other. The latest 20:

  1. Aug 12, 202515-12G EDGAR
  2. Aug 11, 2025S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT EDGAR
  3. Aug 11, 2025S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT EDGAR
  4. Aug 11, 2025S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT EDGAR
  5. Aug 11, 20258-K CURRENT REPORT EDGAR
  6. Jul 30, 2025425 EDGAR
  7. Jul 11, 2025DEFM14A PROXY STATEMENT EDGAR
  8. Jun 17, 20254 PRIMARY DOCUMENT EDGAR
  9. Jun 17, 20254 PRIMARY DOCUMENT EDGAR
  10. Jun 17, 20254 PRIMARY DOCUMENT EDGAR
  11. May 29, 2025425 EDGAR
  12. May 29, 2025425 CURRENT REPORT EDGAR
  13. May 29, 20258-K CURRENT REPORT EDGAR
  14. May 7, 202510-Q EDGAR
  15. Apr 15, 20258-A12B/A AMENDMENT NO. 3 TO FORM 8-A12B EDGAR
  16. Apr 15, 20258-K CURRENT REPORT EDGAR
  17. Apr 2, 20254 PRIMARY DOCUMENT EDGAR
  18. Mar 27, 202510-K EDGAR
  19. Mar 27, 20258-K EDGAR
  20. Mar 18, 20254 PRIMARY DOCUMENT EDGAR

The 348 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

96 open-market trades by officers, directors and large owners since October 2021: 27 buys and 69 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 9, 2024Newhouse Phyllis W.DirectorSale12,582$1.88$23.7KForm 4
Feb 15, 2024GROSS WILLIAM10% ownerSale442,298$1.52$672.3KForm 4
Feb 15, 2024MP 13 Ventures, LLC10% ownerBuy442,298$1.52$672.3KForm 4
Sep 1, 2023SOON-SHIONG PATRICK10% ownerBuy7,360$6.49$47.8KForm 4
Jun 22, 2023GROSS WILLIAM10% ownerSale730,311$0.23$168.0KForm 4
Jun 22, 2023SOON-SHIONG PATRICK10% ownerBuy634,251$0.23$145.9KForm 4
Jun 21, 2023SOON-SHIONG PATRICK10% ownerBuy263,695$0.23$60.6KForm 4
Jun 20, 2023Obiaya ChristianaChief Executive OfficerSale30,441$0.23$7.0KForm 4
Jun 20, 2023Rosser KellyChief Accounting OfficerSale2,238$0.23$515Form 4
Jun 20, 2023Doyle Thomas P.Chief Commercial OfficerSale10,302$0.23$2.4KForm 4
Jun 20, 2023SOON-SHIONG PATRICK10% ownerBuy62,916$0.23$14.5KForm 4
Jun 16, 2023SOON-SHIONG PATRICK10% ownerBuy40,048$0.22$8.8KForm 4
Jun 15, 2023SOON-SHIONG PATRICK10% ownerBuy387,612$0.21$81.4KForm 4
Jun 14, 2023SOON-SHIONG PATRICK10% ownerBuy279,752$0.21$58.7KForm 4
Jun 13, 2023Prime Movers Lab GP I LLC10% ownerSale2,925,000$0.20$585.0KForm 4
Jun 13, 2023SOON-SHIONG PATRICK10% ownerBuy1,058,542$0.20$211.7KForm 4
Jun 12, 2023Prime Movers Lab GP I LLC10% ownerSale275,000$0.20$55.0KForm 4
Jun 9, 2023GROSS WILLIAM10% ownerSale474,513$0.23$109.1KForm 4
Jun 9, 2023SOON-SHIONG PATRICK10% ownerBuy768,835$0.23$176.8KForm 4
Jun 8, 2023GROSS WILLIAM10% ownerSale204,255$0.22$44.9KForm 4

All 96 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

The numbers on this page point here. Each one links to the record it came from.

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