Hyliion Holdings Corp. Class A Common Stock (HYLN)

FairStock Score: 42/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable earning power, honest accounting, and a margin of safety. Hyliion does not yet fit that description. It designs the KARNO Power Module, a fuel-agnostic generator, and revenue is appearing, but losses remain heavy. In fiscal Q2 2026, the quarter ended 2026-06-30, it reported $4.9 million of revenue and a net loss of $13.9 million, or -$0.08 per diluted share. Fiscal Q1 2026 had $2.8 million of revenue and an $11.7 million net loss. For FY2025, revenue was $3.5 million and net loss $57.2 million; FY2024 revenue was $1.5 million and net loss $52.0 million. The top line is growing from a tiny base, but the company has not earned a profit in the last four years. At the 2026-10-13 close of $3.65 and a $651.9 million market cap, FairStock's calculations show a negative P/E of -12.59, P/B of 3.84, ROE of -27.08%, and ROCE of -18.34%. Trailing free cash flow is -$56.6 million, an FCF yield of -8.7%. The balance sheet has low debt, D/E 0.02, and a high Altman Z-Score of 37.26, so immediate solvency is not the issue. But Piotroski is only 3/9, the FairStock Score is 42/100, and beta is 3.54, with a 52-week range of $1.56 to $8.49. Graham would demand earnings and asset protection; there is neither yet. Buffett would ask whether KARNO has a moat. Lynch's rules leave it uncategorized because it lost money in each of the last four years. This may be an option on future distributed power, but it is not a value investment on today's numbers.

In plain English: Hyliion designs power generators, mainly the KARNO Power Module, which can run on many fuels. The company is still losing money and burning cash, and it has no profits in the last four years. At $3.65, the stock looks expensive compared with its tiny sales and current losses, even though it has little debt.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer