HYLN on NYSE
Hyliion Holdings Corp.
American truck and bus bodies company, incorporated in Delaware. Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerHYLN on NYSE1
- IndustryTruck & Bus Bodies1
- HeadquartersCedar Park, Texas1
- Incorporated inDE2
- Business address1202 Bmc Drive, Suite 100, Cedar Park, Tx 786132
- Filer categoryNon-accelerated filer, Smaller reporting company2
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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.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 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue5¢$3.3M
- Research and development62¢$42.5M
- Selling, general and admin33¢$22.8M
Out of $3.5M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenues | $3.5M | $1.5M |
| Cost of revenues | $3.3M | $1.4M |
| Gross profit | $170.0K | $94.0K |
| Research and development | $42.5M | $37.0M |
| Selling, general and administrative | $22.8M | $24.4M |
| Exit and termination costs | $499.0K | $3.0M |
| Total operating expenses | $65.7M | $64.4M |
| Loss from operations | -$65.6M | -$64.3M |
| Interest income | $8.4M | $12.2M |
| Gain on disposal of assets | $14.0K | $3.0K |
| Other income, net | $0 | $32.0K |
| Net loss | -$57.2M | -$52.0M |
| Net loss per share, basic (in dollars per share) | -$0.33 | -$0.30 |
| Net loss per share, diluted (in dollars per share) | -$0.33 | -$0.30 |
| Weighted-average shares outstanding, basic (in shares) | 175.4M shares | 174.9M shares |
| Weighted-average shares outstanding, diluted (in shares) | 175.4M shares | 174.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $22.9M | $9.2M | |
| Accounts receivable, net | $489.0K | $1.9M | |
| Prepaid expenses and other current assets | $4.6M | $6.4M | |
| Short-term investments | $69.4M | $110.9M | |
| Assets held for sale | $1.2M | $2.6M | |
| Total current assets | $98.6M | $131.0M | |
| Property and equipment, net | $40.5M | $25.9M | |
| Operating lease right-of-use assets | $3.5M | $5.4M | |
| Other assets | $1.0M | $1.1M | |
| Long-term investments | $60.0M | $99.6M | |
| Total assets | $203.6M | $263.0M | |
| Accounts payable | $3.1M | $5.2M | |
| Current portion of operating lease liabilities | $2.7M | $2.4M | |
| Accrued expenses and other current liabilities | $4.0M | $6.6M | |
| Total current liabilities | $9.9M | $14.3M | |
| Operating lease liabilities, net of current portion | $1.6M | $4.4M | |
| Other liabilities | $41.0K | $0 | |
| Total liabilities | $11.6M | $18.7M | |
| Common stock, $0.0001 par value; 250,000,000 shares authorized; 187,878,790 and 184,428,472 shares issued as of December 31, 2025 and 2024, respectively; 177,268,720 and 173,818,402 shares outstanding as of December 31, 2025 and 2024, respectively | $19.0K | $18.0K | |
| Additional paid-in capital | $413.1M | $408.3M | |
| Treasury stock, at cost | -$14.1M | -$14.1M | |
| Accumulated deficit | -$207.0M | -$149.8M | |
| Total stockholders equity | $192.0M | $244.4M | $306.3M |
| Total liabilities and stockholders equity | $203.6M | $263.0M | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 250.0M shares | 250.0M shares | |
| Common stock, shares issued (in shares) | 187.9M shares | 184.4M shares | |
| Common stock, shares outstanding (in shares) | 177.3M shares | 173.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $22.9M | $9.2M | |
| Accounts receivable, net | $489.0K | $1.9M | |
| Prepaid expenses and other current assets | $4.6M | $6.4M | |
| Short-term investments | $69.4M | $110.9M | |
| Assets held for sale | $1.2M | $2.6M | |
| Total current assets | $98.6M | $131.0M | |
| Property and equipment, net | $40.5M | $25.9M | |
| Operating lease right-of-use assets | $3.5M | $5.4M | |
| Other assets | $1.0M | $1.1M | |
| Long-term investments | $60.0M | $99.6M | |
| Total assets | $203.6M | $263.0M | |
| Accounts payable | $3.1M | $5.2M | |
| Current portion of operating lease liabilities | $2.7M | $2.4M | |
| Accrued expenses and other current liabilities | $4.0M | $6.6M | |
| Total current liabilities | $9.9M | $14.3M | |
| Operating lease liabilities, net of current portion | $1.6M | $4.4M | |
| Other liabilities | $41.0K | $0 | |
| Total liabilities | $11.6M | $18.7M | |
| Common stock, $0.0001 par value; 250,000,000 shares authorized; 187,878,790 and 184,428,472 shares issued as of December 31, 2025 and 2024, respectively; 177,268,720 and 173,818,402 shares outstanding as of December 31, 2025 and 2024, respectively | $19.0K | $18.0K | |
| Additional paid-in capital | $413.1M | $408.3M | |
| Treasury stock, at cost | -$14.1M | -$14.1M | |
| Accumulated deficit | -$207.0M | -$149.8M | |
| Total stockholders equity | $192.0M | $244.4M | $306.3M |
| Total liabilities and stockholders equity | $203.6M | $263.0M | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 250.0M shares | 250.0M shares | |
| Common stock, shares issued (in shares) | 187.9M shares | 184.4M shares | |
| Common stock, shares outstanding (in shares) | 177.3M shares | 173.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$57.2M | -$52.0M |
| Depreciation and amortization | $6.0M | $3.1M |
| Amortization and accretion of investments, net | -$1.6M | -$3.1M |
| Noncash lease expense | $2.0M | $1.6M |
| Gain on disposal of assets, including assets held for sale | -$1.2M | -$2.9M |
| Share-based compensation | $5.5M | $4.6M |
| Carrying value adjustment to assets held for sale | $1.6M | $6.5M |
| Accounts receivable | $1.4M | -$1.9M |
| Prepaid expenses and other assets | $2.1M | -$5.4M |
| Accounts payable | -$78.0K | -$2.9M |
| Accrued expenses and other liabilities | -$2.6M | -$3.6M |
| Operating lease liabilities | -$2.4M | -$847.0K |
| Net cash used in operating activities | -$46.5M | -$56.7M |
| Purchase of property and equipment | -$23.7M | -$16.5M |
| Proceeds from sale of property and equipment | $2.2M | $5.4M |
| Receipt of security deposit | $41.0K | $0 |
| Purchase of investments | -$46.4M | -$96.3M |
| Proceeds from sale and maturity of investments | $128.8M | $166.9M |
| Net cash provided by investing activities | $60.9M | $59.5M |
| Proceeds from exercise of common stock options | $2.0K | $67.0K |
| Taxes paid related to net share settlement of equity awards | -$672.0K | -$412.0K |
| Repurchase of treasury stock | $0 | -$14.0M |
| Net cash used in financing activities | -$670.0K | -$14.3M |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $13.7M | -$11.6M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Hyliion Holdings Corp., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerThomas J. Healy Oct 5, 2020 to now13
- Chief executive officerVincent T. Cubbage Feb 27, 2019 to Mar 6, 201914
- ChairVincent T. Cubbage Mar 6, 2019 to Mar 6, 201915
- PresidentVincent T. Cubbage Feb 27, 2019 to Feb 27, 201914
- Chief financial officerGreg Standley Jan 27, 2021 to Jan 27, 202116
- Chief financial officerSherri Baker Mar 30, 2021 to Jun 27, 202217
- Chief financial officerConnie Savage Feb 27, 2019 to Mar 6, 201918
- Chief operating officerDennis M. Gallagher Aug 16, 2021 to Feb 29, 202419
Board members and other officers (24)
- Chief Commercial OfficerGovindaraj Ramasamy Feb 15, 2024 to now20
- Chief Technology OfficerJoshua T. Mook Feb 15, 2024 to now21
- VP Finance and AccountingGreg Standley Mar 2, 2022 to now22
- CHIEF STRATEGY OFFICERCheri Lantz Mar 3, 2022 to now23
- Chief Technology OfficerPatrick Sexton Oct 5, 2020 to May 20, 202224
- Vice PresidentDarrell Brock Jr. Feb 27, 2019 to Mar 6, 201925
- VP, Gen. Counsel and SecretarySteven C. Schnitzer Feb 27, 2019 to Mar 6, 201926
- Board memberMelanie Montague Trent Mar 17, 2023 to now27
- Board memberRichard Joseph Freeland Mar 17, 2023 to now28
- Board memberRodger L. Boehm Mar 17, 2023 to now29
- Board memberJeffrey A. Craig Feb 7, 2022 to now30
- Board memberSherri Baker Feb 9, 2021 to Feb 9, 202131
- Board memberElaine Chao Aug 24, 2021 to Mar 15, 202332
- Board memberMary Gustanski Aug 30, 2021 to now33
- Board memberAndrew H. Card Jr. Oct 5, 2020 to Nov 15, 202334
- Board memberEdward E. Olkkola Oct 5, 2020 to Feb 28, 202235
- Board memberHoward Jenkins Oct 5, 2020 to Mar 15, 202336
- Board memberThomas J. Healy Oct 5, 2020 to now13
- Board memberAndrew J. Orekar Feb 27, 2019 to Oct 5, 202037
- Board memberFrank Semple Feb 27, 2019 to Oct 5, 202038
- Board memberSidney L. Tassin Feb 27, 2019 to Oct 5, 202039
- Board memberStephen S. Pang Feb 27, 2019 to Mar 15, 202340
- Board memberVincent T. Cubbage Feb 27, 2019 to now14
- General counselJose Miguel Oxholm Nov 27, 2020 to now41
Former names
- Tortoise Acquisition Corp.Nov 20, 2018 to Sep 28, 20202
Timeline
Filings
456 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 45 major events, 323 insider forms, 12 large holders, 56 other. The latest 20:
- Oct 2, 20268-K EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Sep 22, 20264 EDGAR
- Sep 21, 20268-A12B EDGAR
- Sep 21, 2026CERT NYSE TEXAS CERTIFICATION EDGAR
- Aug 27, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 21, 2026144 EDGAR
- Aug 21, 2026144 EDGAR
- Aug 21, 2026144 EDGAR
- Aug 21, 2026144 EDGAR
- Aug 21, 2026144 EDGAR
- Aug 21, 20264 EDGAR
- Aug 21, 20264 EDGAR
- Aug 21, 20264 EDGAR
The 456 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
40 open-market trades by officers, directors and large owners since October 2021: 26 buys and 14 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | Cubbage Vincent T.Director | Buy | 50,000 | $3.40 | $170.0K | Form 4 |
| Aug 21, 2025 | Freeland Richard JosephDirector | Buy | 65,000 | $1.57 | $102.0K | Form 4 |
| May 23, 2025 | Standley GregChief Accounting Officer. | Buy | 5,000 | $1.13 | $5.7K | Form 4 |
| May 23, 2025 | RAMASAMY GOVINDARAJChief Commercial Officer | Buy | 20,000 | $1.13 | $22.6K | Form 4 |
| May 23, 2025 | Panzer JonChief Financial Officer | Buy | 40,000 | $1.14 | $45.6K | Form 4 |
| Nov 22, 2024 | Cubbage Vincent T.Director | Sale | 65,000 | $3.90 | $253.5K | Form 4 |
| Nov 20, 2024 | Craig Jeffrey ADirector | Buy | 50,000 | $2.95 | $147.5K | Form 4 |
| Sep 11, 2024 | RAMASAMY GOVINDARAJChief Commercial Officer | Buy | 30,000 | $1.92 | $57.6K | Form 4 |
| Jun 12, 2024 | RAMASAMY GOVINDARAJChief Commercial Officer | Buy | 10,000 | $1.50 | $15.0K | Form 4 |
| Nov 21, 2023 | KNIGHT ROBERT M JRDirector | Buy | 100,000 | $0.57 | $57.0K | Form 4 |
| Nov 16, 2023 | LANTZ CHERIChief Strategy Officer | Buy | 20,000 | $0.66 | $13.2K | Form 4 |
| Nov 15, 2023 | Craig Jeffrey ADirector | Buy | 100,000 | $0.63 | $63.0K | Form 4 |
| Nov 15, 2023 | GALLAGHER DENNIS M.Chief Operating Officer | Buy | 40,000 | $0.66 | $26.4K | Form 4 |
| Nov 15, 2023 | Healy Thomas J.Chief Executive Officer | Buy | 139,798 | $0.64 | $89.5K | Form 4 |
| Nov 14, 2023 | Cubbage Vincent T.Director | Sale | 37,500 | $0.61 | $22.9K | Form 4 |
| Nov 14, 2023 | Card Andrew H JRDirector | Buy | 20,000 | $0.62 | $12.4K | Form 4 |
| Nov 14, 2023 | Panzer JonChief Financial Officer | Buy | 75,000 | $0.63 | $47.2K | Form 4 |
| Nov 14, 2023 | Healy Thomas J.Chief Executive Officer | Buy | 110,202 | $0.62 | $68.3K | Form 4 |
| Nov 18, 2022 | Card Andrew H JRDirector | Buy | 10,000 | $3.18 | $31.8K | Form 4 |
| Nov 17, 2022 | Oxholm Jose MiguelChief Legal&Compliance Officer | Buy | 1,000 | $2.99 | $3.0K | Form 4 |
All 40 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.
- BlackRockSCHEDULE 13G, 2 filings Oct 17, 2025 to Jul 28, 202642
- VANGUARD GROUP INCSC 13G/A, 3 filings Feb 10, 2022 to Feb 13, 202443
- FJ Management Inc.SC 13G/A, 1 filing Feb 2, 202244
- Victoria K. GraceSC 13G/A, 1 filing Feb 1, 202245
- AXIOMA VENTURES, LLCSC 13D/A, 1 filing Dec 6, 202146
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 11,456,703 | $59.7M | 0.0% | +2,567,455 |
| Vanguard Capital Management LLC | 5,552,175 | $28.9M | 0.0% | −64,471 |
| General Electric Co | 5,500,000 | $28.7M | 7.8% | No change |
| D. E. Shaw & Co., Inc. | 3,899,804 | $20.3M | 0.0% | +2,423,614 |
| Geode Capital Management, LLC | 3,302,421 | $17.2M | 0.0% | +222,949 |
| State Street Corp | 2,858,821 | $14.9M | 0.0% | −148,322 |
| Invesco Ltd. | 2,378,173 | $12.4M | 0.0% | −1,347,321 |
| Millennium Management LLC | 1,904,750 | $9.9M | 0.0% | +509,714 |
| UBS Group AG | 1,477,021 | $7.7M | 0.0% | +822,521 |
| HITE Hedge Asset Management LLC | 1,400,160 | $7.3M | 0.4% | −1,427,582 |
| Vanguard Portfolio Management LLC | 1,397,515 | $7.3M | 0.0% | +537,052 |
| Charles Schwab Investment Management Inc | 1,073,500 | $5.6M | 0.0% | +54,840 |
| Northern Trust Corp | 1,022,791 | $5.3M | 0.0% | +91,155 |
| Palisades Investment Partners, LLC | 907,933 | $4.7M | 1.3% | New |
| Vanguard Fiduciary Trust Co | 845,741 | $4.4M | 0.0% | +51,957 |
| J. Derek Lewis & Associates Inc. | 833,400 | $4.3M | 0.8% | +7,298 |
| Dimensional Fund Advisors LP | 778,727 | $4.1M | 0.0% | −20,945 |
| 683 Capital Management, LLC | 575,000 | $3.0M | 0.3% | −150,000 |
| Franklin Resources Inc | 496,284 | $2.6M | 0.0% | +442,231 |
| Morgan Stanley | 420,950 | $2.2M | 0.0% | −483,769 |
| Two Sigma Investments, LP | 420,187 | $2.2M | 0.0% | +287,887 |
| Bank of New York Mellon Corp | 381,070 | $2.0M | 0.0% | −17,277 |
| Nuveen, LLC | 332,140 | $1.7M | 0.0% | −153,387 |
| Susquehanna International Group, Llp | 316,983 | $1.7M | 0.0% | +30,962 |
| Connor, Clark & Lunn Investment Management Ltd. | 300,309 | $1.6M | 0.0% | −19,150 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARVincent T. Cubbage, Chair
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- 23SEC EDGARCheri Lantz, CHIEF STRATEGY OFFICER
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- 25SEC EDGARDarrell Brock Jr., Vice President
- 26
- 27SEC EDGARMelanie Montague Trent, Board member
- 28
- 29SEC EDGARRodger L. Boehm, Board member
- 30SEC EDGARJeffrey A. Craig, Board member
- 31SEC EDGARSherri Baker, Board member
- 32SEC EDGARElaine Chao, Board member
- 33SEC EDGARMary Gustanski, Board member
- 34SEC EDGARAndrew H. Card Jr., Board member
- 35SEC EDGAREdward E. Olkkola, Board member
- 36SEC EDGARHoward Jenkins, Board member
- 37SEC EDGARAndrew J. Orekar, Board member
- 38SEC EDGARFrank Semple, Board member
- 39SEC EDGARSidney L. Tassin, Board member
- 40SEC EDGARStephen S. Pang, Board member
- 41SEC EDGARJose Miguel Oxholm, General counsel
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