Hyliion Holdings (HYLN) Research & Development (2020 - 2026)
Hyliion Holdings (HYLN) reported Research & Development of $9.5 million for Q2 2026, down 6.3% from $10.14 million a year earlier but up 23.8% from the prior quarter.
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Analysis
Hyliion Holdings (HYLN) Research & Development (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Hyliion Holdings' Research & Development came in at $37.27 million, down 13.5% year-over-year; for FY2025, it was $42.47 million, up 14.8% from FY2024.
- Research & Development has a five-year compound annual growth rate of 27.5% (FY2020 to FY2025).
- By year, Research & Development came in at $37 million in FY2024 (-55.0%), $82.24 million in FY2023 (-25.5%), $110.37 million in FY2022 (+89.4%) and $58.26 million in FY2021 (+362.5%).
- Five-year quarterly Research & Development spans a low of $7.67 million in Q1 2026 and a high of $52.68 million in Q3 2022.
- Year over year, Research & Development has now declined in each of the last three quarters, with an average decline of 0.8% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q3 2021 (growth of 523.9%); the low point was Q2 2024 (a decline of 69.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $7.67 million (Q1 2026), $9.96 million (Q4 2025) and $10.14 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 246.50 Bn | 206.41 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Bloom Energy | 63.69 Bn | 55.48 Bn | 355.57 Mn | 58.87 Mn |
| 3 | First Solar | 18.57 Bn | 9.52 Bn | 605.00 Mn | 76.24 Mn |
| 4 | BWX Technologies | 12.56 Bn | 10.86 Bn | 202.31 Mn | 4.17 Mn |
| 5 | Nextpower | 12.07 Bn | 7.96 Bn | 335.85 Mn | 44.51 Mn |
| 6 | Generac Holdings | 11.32 Bn | 10.15 Bn | 521.81 Mn | 65.78 Mn |
| 7 | EnerSys | 6.14 Bn | 4.33 Bn | 313.36 Mn | - |
| 8 | Enphase Energy | 4.04 Bn | -817.10 Mn | 175.01 Mn | 45.66 Mn |
| 9 | Mirion Technologies | 3.72 Bn | 1.55 Bn | 133.10 Mn | 10.10 Mn |
| 10 | Hyliion Holdings | 546.05 Mn | 211.94 Mn | 366,000.00 | 9.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.50 Mn |
| Mar 31, 2026 | 7.67 Mn |
| Dec 31, 2025 | 9.96 Mn |
| Sep 30, 2025 | 10.14 Mn |
| Jun 30, 2025 | 10.14 Mn |
| Mar 31, 2025 | 12.23 Mn |
| Dec 31, 2024 | 11.26 Mn |
| Sep 30, 2024 | 9.46 Mn |
| Jun 30, 2024 | 8.31 Mn |
| Mar 31, 2024 | 7.97 Mn |
| Dec 31, 2023 | 8.77 Mn |
| Sep 30, 2023 | 25.12 Mn |
| Jun 30, 2023 | 27.44 Mn |
| Mar 31, 2023 | 20.92 Mn |
| Dec 31, 2022 | 21.83 Mn |
| Sep 30, 2022 | 52.68 Mn |
| Jun 30, 2022 | 20.06 Mn |
| Mar 31, 2022 | 15.81 Mn |
| Dec 31, 2021 | 17.39 Mn |
| Sep 30, 2021 | 18.15 Mn |
API Access
Hyliion Holdings Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=HYLN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "HYLN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=HYLN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();