Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Heliogen.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|
| Revenue | $19.84M | $888.00K | $13.75M | $8.80M | $200.00K | $- |
| Cost of Revenue | $-66.08M | $60.05M | $47.54M | $13.69M | $417.11K | $- |
| Gross Profit | $85.93M | $-59.16M | $-33.78M | $-4.88M | $-217.11K | $- |
| Gross Profit Ratio | 433.01% | -6662.16% | -245.69% | -55.47% | -108.55% | 0.00% |
| Research and Development Expenses | $16.34M | $21.03M | $38.28M | $13.48M | $3.58M | $4.70M |
| General and Administrative Expenses | $36.32M | $- | $- | $- | $3.52M | $2.53M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $200.00K | $157.20K |
| Selling General and Administrative Expenses | $36.32M | $50.66M | $81.22M | $30.39M | $3.72M | $2.69M |
| Other Expenses | $3.64M | $4.10M | $2.28M | $-517.00K | $84.81K | $62.22K |
| Operating Expenses | $56.30M | $75.90M | $119.50M | $43.86M | $7.30M | $7.39M |
| Cost and Expenses | $-9.78M | $131.73M | $167.04M | $57.55M | $7.72M | $7.39M |
| Interest Income | $2.30M | $1.45M | $995.00K | $634.00K | $3.00K | $- |
| Interest Expense | $- | $- | $- | $634.00K | $2.85K | $- |
| Depreciation and Amortization | $965.00K | $2.14M | $4.18M | $1.84M | $139.00K | $46.15K |
| EBITDA | $37.62M | $-126.66M | $-150.70M | $-42.26M | $-7.37M | $-7.28M |
| EBITDA Ratio | 189.56% | -14262.95% | -1095.94% | -480.04% | -3687.00% | - |
| Operating Income | $29.63M | $-127.29M | $-160.21M | $44.25M | $-7.52M | $-7.39M |
| Operating Income Ratio | 149.30% | -14334.01% | -1165.09% | 502.59% | -3759.65% | - |
| Total Other Income Expenses Net | $2.93M | $-2.31M | $10.27M | $-93.44M | $76.00K | $62.22K |
| Income Before Tax | $32.55M | $-129.60M | $-143.02M | $-142.19M | $-7.44M | $-7.33M |
| Income Before Tax Ratio | 164.04% | -14594.26% | -1040.04% | -1615.05% | -3718.67% | - |
| Income Tax Expense | $6.00K | $1.00K | $-1.02M | $2.00K | $87.66K | $62.22K |
| Net Income | $32.55M | $-129.60M | $-142.00M | $-142.19M | $-7.53M | $-7.39M |
| Net Income Ratio | 164.01% | -14594.37% | -1032.65% | -1615.07% | -3762.50% | - |
| EPS | $0.01 | $-22.26 | $-26.13 | $-415.74 | $-33.01 | $-69.54 |
| EPS Diluted | $0.01 | $-22.26 | $-26.13 | $-415.74 | $-33.01 | $-69.42 |
| Weighted Average Shares Outstanding | 6.07B | 5.82M | 5.43M | 342.01K | 227.96K | 106.31K |
| Weighted Average Shares Outstanding Diluted | 6.23B | 5.82M | 5.43M | 342.02K | 227.96K | 106.49K |
| SEC Filing | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $36.95M | $62.72M | $45.72M | $190.08M | $18.33M | $14.94M |
| Short Term Investments | $- | $12.39M | $97.50M | $32.33M | $- | $- |
| Cash and Short Term Investments | $36.95M | $75.10M | $143.22M | $222.41M | $18.33M | $14.94M |
| Net Receivables | $764.00K | $4.68M | $9.20M | $3.90M | $- | $- |
| Inventory | $- | $1.96M | $2.44M | $-3.90M | $- | $- |
| Other Current Assets | $1.36M | $1.73M | $3.96M | $874.00K | $241.00K | $90.50K |
| Total Current Assets | $39.08M | $83.47M | $158.82M | $227.18M | $18.57M | $15.04M |
| Property Plant Equipment Net | $3.15M | $19.49M | $21.84M | $20.20M | $1.19M | $612.58K |
| Goodwill | $- | $- | $1.00M | $4.20M | $- | $- |
| Intangible Assets | $- | $71.00K | $156.00K | $147.00K | $- | $- |
| Goodwill and Intangible Assets | $- | $71.00K | $1.16M | $4.20M | $- | $- |
| Long Term Investments | $- | $- | $1.50M | $1.50M | $- | $- |
| Tax Assets | $- | $- | $-1.50M | $-1.50M | $- | $- |
| Other Non-Current Assets | $2.07M | $4.01M | $9.79M | $5.87M | $- | $-612.58K |
| Total Non-Current Assets | $5.21M | $23.57M | $32.80M | $30.27M | $1.19M | $612.58K |
| Other Assets | $- | $- | $- | $- | $- | $- |
| Total Assets | $44.29M | $107.03M | $191.62M | $257.45M | $19.76M | $15.65M |
| Account Payables | $1.45M | $746.00K | $6.92M | $4.64M | $307.00K | $358.53K |
| Short Term Debt | $- | $1.79M | $1.57M | $2.24M | $533.00K | $73.88K |
| Tax Payables | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $17.01M | $10.35M | $513.00K | $- | $- |
| Other Current Liabilities | $11.16M | $82.45M | $32.45M | $5.13M | $316.00K | $152.02K |
| Total Current Liabilities | $12.61M | $102.00M | $51.29M | $17.31M | $1.16M | $584.43K |
| Long Term Debt | $2.31M | $12.88M | $13.92M | $14.22M | $490.00K | $71.09K |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $344.00K | $169.00K | $1.08M | $16.64M | $45.98M | $35.73M |
| Total Non-Current Liabilities | $2.66M | $13.05M | $15.01M | $30.86M | $46.47M | $35.80M |
| Other Liabilities | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $15.27M | $115.05M | $66.30M | $48.17M | $47.62M | $36.38M |
| Preferred Stock | $- | $- | $191.62M | $257.45M | $45.93M | $35.69M |
| Common Stock | $1.00K | $1.00K | $19.00K | $18.00K | $4.05K | $3.87K |
| Retained Earnings | $-405.63M | $-438.18M | $-308.58M | $-171.36M | $-29.17M | $-21.73M |
| Accumulated Other Comprehensive Income Loss | $-511.00K | $-516.00K | $-593.00K | $-4.00K | $-45.93M | $-35.69M |
| Other Total Stockholders Equity | $435.16M | $430.68M | $434.48M | $380.62M | $47.24M | $72.38M |
| Total Stockholders Equity | $29.02M | $-8.02M | $125.32M | $209.28M | $-27.86M | $-20.74M |
| Total Equity | $29.02M | $-8.02M | $125.32M | $209.28M | $-27.86M | $-20.74M |
| Total Liabilities and Stockholders Equity | $44.29M | $107.03M | $191.62M | $257.45M | $19.76M | $15.65M |
| Minority Interest | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $44.29M | $107.03M | $191.62M | $257.45M | $19.76M | $15.65M |
| Total Investments | $- | $12.39M | $97.50M | $32.33M | $- | $- |
| Total Debt | $2.31M | $14.67M | $15.49M | $16.46M | $1.02M | $144.97K |
| Net Debt | $-34.63M | $-48.05M | $-30.23M | $-173.62M | $-17.31M | $-14.80M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|
| Net Income | $32.55M | $-129.60M | $-142.00M | $-142.19M | $-7.44M | $-7.33M |
| Depreciation and Amortization | $965.00K | $2.14M | $2.59M | $562.00K | $139.30K | $46.15K |
| Deferred Income Tax | $6.00K | $1.00K | $-1.02M | $11.83M | $7.50K | $21.45K |
| Stock Based Compensation | $2.63M | $-5.16M | $42.86M | $11.38M | $278.00K | $269.92K |
| Change in Working Capital | $-84.13M | $51.30M | $35.06M | $-1.40M | $-122.87K | $665.38K |
| Accounts Receivables | $- | $4.08M | $-5.15M | $-3.60M | $- | $293.88K |
| Inventory | $227.00K | $-1.71M | $-2.44M | $3.60M | $- | $- |
| Accounts Payables | $- | $-3.33M | $3.72M | $1.89M | $-50.95K | $238.24K |
| Other Working Capital | $-84.36M | $52.26M | $38.93M | $-3.29M | $-71.92K | $133.26K |
| Other Non Cash Items | $9.13M | $9.68M | $-7.11M | $88.77M | $133.61K | $64.42K |
| Net Cash Provided by Operating Activities | $-38.85M | $-71.64M | $-69.84M | $-31.05M | $-7.00M | $-6.26M |
| Investments in Property Plant and Equipment | $-264.00K | $-1.26M | $-9.03M | $-3.84M | $-294.53K | $-442.14K |
| Acquisitions Net | $- | $- | $-65.82M | $-1.68M | $- | $- |
| Purchases of Investments | $- | $-97.19M | $-271.25M | $-49.30M | $- | $- |
| Sales Maturities of Investments | $12.50M | $185.10M | $206.52M | $16.22M | $- | $- |
| Other Investing Activities | $906.00K | $- | $65.82M | $-46.00K | $- | $- |
| Net Cash Used for Investing Activities | $13.14M | $86.65M | $-73.76M | $-38.65M | $-294.53K | $-442.14K |
| Debt Repayment | $- | $- | $- | $-411.00K | $411.00K | $- |
| Common Stock Issued | $- | $- | $1.17M | $83.41M | $10.28M | $- |
| Common Stock Repurchased | $33.00K | $-7.00K | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-59.00K | $1.34M | $-107.00K | $159.95M | $10.28M | $14.75M |
| Net Cash Used Provided by Financing Activities | $-59.00K | $1.33M | $-107.00K | $242.95M | $10.69M | $14.75M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-25.77M | $16.34M | $-143.71M | $173.25M | $3.39M | $8.05M |
| Cash at End of Period | $38.45M | $64.22M | $47.87M | $191.58M | $18.33M | $14.94M |
| Cash at Beginning of Period | $64.22M | $47.87M | $191.58M | $18.33M | $14.94M | $6.90M |
| Operating Cash Flow | $-38.85M | $-71.64M | $-69.84M | $-31.05M | $-7.00M | $-6.26M |
| Capital Expenditure | $-264.00K | $-1.26M | $-9.03M | $-3.84M | $-294.53K | $-442.14K |
| Free Cash Flow | $-39.11M | $-72.90M | $-78.87M | $-34.89M | $-7.30M | $-6.70M |