Quick Answer
Hyliion Holdings Corp. reported R&D Expense of $42.47 million for fiscal year 2025.
Hyliion Holdings Corp. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $42.47M | +14.8% |
| 2024 | $37.00M | -55.0% |
| 2023 | $82.24M | -25.5% |
| 2022 | $110.37M | +89.4% |
| 2021 | $58.26M | +362.5% |
| 2020 | $12.60M | +35.9% |
| 2019 | $9.27M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $10.14M | +7.1% | -0.0% |
| June 30, 2025 | $10.14M | +22.0% | -17.1% |
| March 31, 2025 | $12.23M | +53.5% | +29.3% |
| September 30, 2024 | $9.46M | -62.3% | +13.8% |
| June 30, 2024 | $8.31M | -69.7% | +4.3% |
| March 31, 2024 | $7.97M | -61.9% | -68.3% |
| September 30, 2023 | $25.11M | -52.3% | -8.5% |
| June 30, 2023 | $27.44M | +36.8% | +31.2% |
- Hyliion Holdings Corp. showed an increase of +14.8% in R&D Expense compared to the prior fiscal year.
- Over the 2019–2025 period, Hyliion Holdings Corp.’s r&d expense has grown by 358.2% (from $9.27 million to $42.47 million).
- The most recent figure is from Hyliion Holdings Corp.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 25, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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