Heliogen, Inc. (HLGNW) Financial Statements (2026 and earlier)

Company Profile

Business Address 130 W UNION ST.
PASADENA, CA 91103
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4911 - Electric Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:36,94962,71545,719165,000
Cash and cash equivalent36,94962,71545,719190,081
Other undisclosed cash, cash equivalents, and short-term investments    (25,081)
Restricted cash and investments 500500655 
Receivables7644,6799,1953,896
Inventory, net of allowances, customer advances and progress billings  1,9562,44232,332
Inventory  1,9562,44232,332
Debt securities, available-for-sale, amortized cost, excluding accrued interest, after allowance for credit loss✕✕12,38797,813 
Other undisclosed current assets8651,2292,99725,955
Total current assets:39,07883,466158,821227,183
Noncurrent Assets
Operating lease, right-of-use asset2,83113,90914,77216,093
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization3155,5777,0714,102
Intangible asset, including goodwill, after accumulated amortization  711,1604,204
Goodwill   1,0044,204
Intangible asset, excluding goodwill, after accumulated amortization  71156 
Restricted cash and investments 1,0001,0001,5001,500
Other noncurrent assets1,0663,0108,2954,366
Total noncurrent assets:5,21223,56732,79830,265
TOTAL ASSETS:44,290107,033191,619257,448
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,6149,65312,52312,481
Employee-related liabilities✕✕✕✕862
Accounts payable1,4507466,9214,645
Accrued liabilities11,1648,9075,6026,974
Deferred revenue  17,00810,348513
Provision for loss on contracts  75,34028,418397
Other undisclosed current liabilities    (862)
Total current liabilities:12,614102,00151,28912,529
Noncurrent Liabilities
Long-term debt and lease obligation    14,218
Long-term debt, excluding current maturities    35
Liabilities, other than long-term debt2,65812,94714,3642,080
Other liabilities344694432,080
Operating lease, liability2,31412,87813,92114,183
Other undisclosed noncurrent liabilities  10064214,563
Total noncurrent liabilities:2,65813,04715,00630,861
Total liabilities:15,272115,04866,29543,390
Equity
Equity, attributable to parent29,018(8,015)125,324214,058
Common stock111918
Additional paid in capital435,159430,678434,478380,624
Accumulated other comprehensive loss(511)(516)(593)(4)
Accumulated deficit(405,631)(438,178)(308,580)(166,580)
Total equity:29,018(8,015)125,324214,058
TOTAL LIABILITIES AND EQUITY:44,290107,033191,619257,448

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenues23,2244,44513,7518,804
Cost of revenue (60,048)(47,536)(9,447)
Cost of product and service sold (3,677)(8,107)(508)
Other cost of operating revenue (3,517)(5,653)(3,177)
Other undisclosed gross profit66,082   
Gross profit:89,306(55,603)(33,785)(643)
Operating expenses(59,679)(79,457)(126,427)(43,322)
Other operating expense, net    (517)
Other undisclosed operating income    517
Operating income (loss):29,627(135,060)(160,212)(43,965)
Nonoperating income
(Other Nonoperating income)		5613,4732,280 
Income (loss) from continuing operations before equity method investments, income taxes:30,188(131,587)(157,932)(43,965)
Other undisclosed income (loss) from continuing operations before income taxes2,3651,99014,916(93,441)
Income (loss) from continuing operations before income taxes:32,553(129,597)(143,016)(137,406)
Income tax expense (benefit)(6)(1)1,016(2)
Income (loss) from continuing operations:32,547(129,598)(142,000)(137,408)
Loss before gain (loss) on sale of properties:✕✕✕✕(137,408)
Net income (loss):32,547(129,598)(142,000)(137,408)
Net income attributable to noncontrolling interest    137,408
Other undisclosed net loss attributable to parent    (137,408)
Net income (loss) available to common stockholders, diluted:32,547(129,598)(142,000)(137,408)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Net income (loss):32,547(129,598)(142,000)(137,408)
Comprehensive income (loss):32,547(129,598)(142,000)(137,408)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent577(589)(4)
Comprehensive income (loss), net of tax, attributable to parent:32,552(129,521)(142,589)(137,412)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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