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Companies / Industrials / Hyliion Holdings Corp.
HYLN

Hyliion Holdings Corp.

IndustrialsTransportation Equipment
Ticker HYLNCEDAR PARK, TXFiscal year ends DecemberBook value per share $0.95Diluted shares 178.1M

Hyliion Holdings Corp. (NYSE American: HYLN) is a Delaware corporation headquartered in Cedar Park, Texas, with research and development facilities in Cincinnati, Ohio. The company designs and develops power generators for stationary and mobile applications and provides research and development services to government… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$3.48M
+130.3% year over year
Last 12 mo $9.25M
-1886.42%
+2374.6 percentage points
Last 12 mo -635.16%
$-57.19M
−9.9% year over year
Last 12 mo $-52.19M
-29.78%
−8.5 percentage points
Last 12 mo -30.78%
Cash & financing
$-46.55M
+18.0% year over year
Last 12 mo $-42.37M
$-70.29M
+4.1% year over year
Last 12 mo $-56.62M
—
175.4M
+0.3% year over year
Last 12 mo 178.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Hyliion Holdings Corp. does

In the company’s own words

Hyliion Holdings Corp. (NYSE American: HYLN) is a Delaware corporation headquartered in Cedar Park, Texas, with research and development facilities in Cincinnati, Ohio. The company designs and develops power generators for stationary and mobile applications and provides research and development services to government and commercial customers. More information about the company is available at www.hyliion.com.

The company's primary product offering is the KARNO Power Module, a modular, fully enclosed, fuel-agnostic power generating solution powered by the KARNO Core, a heat-powered linear generator. The KARNO Power Module produces electricity with significant improvements in efficiency, emissions, and lifecycle cost compared to conventional generation technologies. The system operates using a wide range of fuel sources, including natural gas, propane, diesel, waste fuels such as landfill gas and wellhead gas, and zero-carbon fuels such as renewable hydrogen and ammonia. The initial KARNO Power Module is a 200 kilowatt system featuring a compact rectangular design with a footprint of approximately 25 square feet. The company is also developing larger Multi-MW systems and an 800 kilowatt modular system for the U.S. Navy.

Hyliion targets the datacenter, commercial, industrial, and defense sectors with its distributed power generation solutions. The company plans to scale the KARNO Power Module to address larger utility-scale power needs and develop future variants for industrial waste heat recovery, nuclear applications, household use, and e-mobility applications including vehicles and marine vessels.

As of December 31, 2025, the company employed approximately 113 full-time employees, all located within the United States. The KARNO technology was acquired from General Electric in September 2022 and is protected by 73 issued U.S. patents, 16 pending U.S. patent applications, 32 foreign patents, and 21 foreign patent applications. In July 2025, the company was awarded a Phase II Small Business Innovation Research contract worth up to $1.5 million by the U.S. Department of the Navy's Office of Naval Research, building upon a previous $16 million contract awarded in 2024.

Company details
Sector
Industrials
Industry (SIC)
Transportation Equipment
Headquarters
CEDAR PARK, TX
Fiscal year end
December
CIK
1759631
SIC
3713

Financial performance, year by year

Fiscal 2019–2025 · USD
$-201.10M$-57.86M$85.38M$228.62M$371.86M2019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Hyliion Holdings Corp. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

115
funds hold it
0 of 35
superinvestors hold it
$103.77M
held by funds, at market
12.6%
of shares held by funds

Largest fund holders · Hyliion Holdings Corp.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 Value ETF
IWN · iShares Trust
0.04%of fund net assets
Invesco WilderHill Clean Energy ETF
PBW · Invesco Exchange-Traded Fund Trust
1.24%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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