Hyliion reported Q4 2025 revenue of USD 0.7 million, all from research and development services, with cost of sales of USD 0.6 million and a net loss of USD 13.2 million. For FY 2025, revenue was USD 3.5 million (all from research and development services), gross profit was USD 0.2 million, operating expenses were USD 65.7 million and net loss was USD 57.2 million. The company reported total cash expenditures of USD 12.4 million in Q4, and full-year cash use of USD 67.4 million including capital spending of USD 23.7 million; Hyliion ended FY 2025 with USD 152.4 million in cash and short- and long-term investments. On the KARNO generator platform, Hyliion said it is operating five units at its facility and remains on track to deliver initial units to customer sites and military applications in 2026, with commercialization planned by year-end. The company highlighted progress on UL certification, including completion of testing for the linear electric motor and battery pack, with full Power Module certification expected in Q2 2026, and reported it demonstrated 175 kilowatts during testing versus a 200-kilowatt design rating targeted by commercialization in late 2026. Hyliion also reported completing mission-representative U.S. Navy load profile testing on a Navy-owned asset, and said it successfully operated a KARNO Core on diesel while meeting Tier 4 Final emissions requirements without exhaust aftertreatment and demonstrated dynamic fuel switching under load. Hyliion also said it entered a strategic partnership with ABM Industries in early 2026 and is seeing demand including nearly 500 KARNO Cores under non-binding letters of intent, while expecting to secure USD 40 million to USD 50 million of follow-on U.S. military contracts in 2026. For 2026, Hyliion guided to revenue of approximately USD 10 million and total cash use of approximately USD 50 million, with year-end cash and investments expected to be approximately USD 100 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hyliion Holdings Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202602241736BIZWIRE_USPR_____20260224_BW600896) on February 24, 2026, and is solely responsible for the information contained therein.