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Heliogen, Inc.

EDGAR
ATHN Quarterly report (10-Q) · filed 2025-05-07

Annual consolidated revenue for 2024: about USD 23.22M, using the latest reported figures. The previous period, 2023, was about USD 4.445M.

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Watchlist

Latest quarter

Revenue

0 USD

2025 Q1 · USD

Exact inputs and evidence

Operating cash flow

-8.4 million USD

2025 Q1 · USD

Exact inputs and evidence
  • Operating Cash Flow: -8400000 USD Source

Free cash flow

-8.4 million USD

2025 Q1 · USD

Exact inputs and evidence
  • Operating Cash Flow: -8400000 USD Source
  • Capital Expenditure: 0 USD Source
Cash and cash equivalents
30.1 million USD Source
Exact value

30064000 USD

Long-term debt including current maturities
Not available
Shares outstanding
6.12 million shares Source
Exact value

6116752 shares

Reported share-count change

2.45% · 146 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 5970373 shares · 2024-03-31· Source
  • 6116752 shares · 2025-03-31· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

21.7 million USD

2024-04-01 – 2025-03-31

Exact inputs and evidence
  • Revenue: 2261000 USD · 2024-04-01 – 2024-06-30 Source
  • Revenue: 1050000 USD · 2024-07-01 – 2024-09-30 Source
  • Revenue: 23224000 USD · 2024-01-01 – 2024-12-31 Source
  • Revenue: 4839000 USD · 2024-01-01 – 2024-09-30 Source
  • Revenue: 0 USD · 2025-01-01 – 2025-03-31 Source

Net income

41.4 million USD

2024-04-01 – 2025-03-31

Exact inputs and evidence
  • Net income: -19282000 USD · 2024-04-01 – 2024-06-30 Source
  • Net income: -11815000 USD · 2024-07-01 – 2024-09-30 Source
  • Net income: 32547000 USD · 2024-01-01 – 2024-12-31 Source
  • Net income: -46322000 USD · 2024-01-01 – 2024-09-30 Source
  • Net income: -6359000 USD · 2025-01-01 – 2025-03-31 Source

Operating cash flow

-32.9 million USD

2024-04-01 – 2025-03-31

Exact inputs and evidence
  • Operating cash flow: -23600000 USD · 2024-01-01 – 2024-06-30 Source
  • Operating cash flow: -14313000 USD · 2024-01-01 – 2024-03-31 Source
  • Operating cash flow: -31100000 USD · 2024-01-01 – 2024-09-30 Source
  • Operating cash flow: -23600000 USD · 2024-01-01 – 2024-06-30 Source
  • Operating cash flow: -38800000 USD · 2024-01-01 – 2024-12-31 Source
  • Operating cash flow: -31100000 USD · 2024-01-01 – 2024-09-30 Source
  • Operating cash flow: -8400000 USD · 2025-01-01 – 2025-03-31 Source

Capital expenditure

114 thousand USD

2024-04-01 – 2025-03-31

Exact inputs and evidence
  • Capital expenditure: 224000 USD · 2024-01-01 – 2024-06-30 Source
  • Capital expenditure: 150000 USD · 2024-01-01 – 2024-03-31 Source
  • Capital expenditure: 264000 USD · 2024-01-01 – 2024-09-30 Source
  • Capital expenditure: 224000 USD · 2024-01-01 – 2024-06-30 Source
  • Capital expenditure: 264000 USD · 2024-01-01 – 2024-12-31 Source
  • Capital expenditure: 264000 USD · 2024-01-01 – 2024-09-30 Source
  • Capital expenditure: 0 USD · 2025-01-01 – 2025-03-31 Source

Free cash flow

-33 million USD

2024-04-01 – 2025-03-31

Exact inputs and evidence
  • Operating cash flow: -23600000 USD · 2024-01-01 – 2024-06-30 Source
  • Operating cash flow: -14313000 USD · 2024-01-01 – 2024-03-31 Source
  • Operating cash flow: -31100000 USD · 2024-01-01 – 2024-09-30 Source
  • Operating cash flow: -23600000 USD · 2024-01-01 – 2024-06-30 Source
  • Operating cash flow: -38800000 USD · 2024-01-01 – 2024-12-31 Source
  • Operating cash flow: -31100000 USD · 2024-01-01 – 2024-09-30 Source
  • Operating cash flow: -8400000 USD · 2025-01-01 – 2025-03-31 Source
  • Capital expenditure: 224000 USD · 2024-01-01 – 2024-06-30 Source
  • Capital expenditure: 150000 USD · 2024-01-01 – 2024-03-31 Source
  • Capital expenditure: 264000 USD · 2024-01-01 – 2024-09-30 Source
  • Capital expenditure: 224000 USD · 2024-01-01 – 2024-06-30 Source
  • Capital expenditure: 264000 USD · 2024-01-01 – 2024-12-31 Source
  • Capital expenditure: 264000 USD · 2024-01-01 – 2024-09-30 Source
  • Capital expenditure: 0 USD · 2025-01-01 – 2025-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2025-05-07.

Financial data available through: 2024-12-31.

Coverage by financial measure
  • Revenue: 5 of 11 periods available· newest 2024-12-31
  • Operating income: 6 of 11 periods available· newest 2024-12-31
  • Net income: 6 of 11 periods available· newest 2024-12-31
  • Operating cash flow: 6 of 11 periods available· newest 2024-12-31
  • Capital expenditure: 6 of 11 periods available· newest 2024-12-31
  • Total assets: 5 of 11 periods available· newest 2024-12-31
  • Total liabilities: 5 of 11 periods available· newest 2024-12-31
  • Current assets: 5 of 11 periods available· newest 2024-12-31
  • Current liabilities: 5 of 11 periods available· newest 2024-12-31
  • Cash and cash equivalents: 5 of 11 periods available· newest 2024-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 5 of 11 periods available· newest 2024-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +422.5%

    Prior period

    USD 4.45 million

    –

    Current period

    USD 23.22 million

    –

    Exact inputs and evidence

    23224000 − 4445000 = 18779000 USD

    4445000 USD · 2023-01-01 – 2023-12-31

    Inspect prior input Prior source

    23224000 USD · 2024-01-01 – 2024-12-31

    Inspect current input Current source
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  • Net income

    +USD 162.15 million

    Prior period

    −USD 129.6 million

    –

    Current period

    USD 32.55 million

    –

    Exact inputs and evidence

    32547000 − -129598000 = 162145000 USD

    -129598000 USD · 2023-01-01 – 2023-12-31

    Inspect prior input Prior source

    32547000 USD · 2024-01-01 – 2024-12-31

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  • Operating cash flow

    +USD 32.84 million

    Prior period

    −USD 71.64 million

    –

    Current period

    −USD 38.8 million

    –

    Exact inputs and evidence

    -38800000 − -71644000 = 32844000 USD

    -71644000 USD · 2023-01-01 – 2023-12-31

    Inspect prior input Prior source

    -38800000 USD · 2024-01-01 – 2024-12-31

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  • Capital expenditure

    -79%

    Prior period

    USD 1.26 million

    –

    Current period

    USD 264,000

    –

    Exact inputs and evidence

    264000 − 1257000 = -993000 USD

    1257000 USD · 2023-01-01 – 2023-12-31

    Inspect prior input Prior source

    264000 USD · 2024-01-01 – 2024-12-31

    Inspect current input Current source
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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2024 2024-01-01 – 2024-12-31

  • Revenue USD 23.22 million 100% of revenue
  • Operating costs Derived −USD 6.4 million −28% of revenue
  • Operating income USD 29.63 million 128% of revenue
  • Tax, interest and other Derived −USD 2.92 million −13% of revenue
  • Net income USD 32.55 million 140% of revenue

Cash

  • Operating cash flow −USD 38.8 million −167% of revenue
  • Capital expenditure USD 264,000 1.1% of revenue
  • Free cash flow Derived −USD 39.06 million −168% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2020 Operating loss: operating costs were 3,857% of revenue.
  • 2021 Operating loss: operating costs were 599% of revenue.
  • 2022 Operating loss: operating costs were 1,265% of revenue.
  • 2023 Operating loss: operating costs were 3,138% of revenue.
  • 2024 Net income was higher than operating income, so the split is not drawn.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2020 2020-01-01 – 2020-12-31200000 7713000 Derived -7513000 -76000 Derived -7437000 -7297000 Derived
Source
2021 2021-01-01 – 2021-12-318804000 52769000 Derived -43965000 93443000 Derived -137408000 -34891000 Derived
Source
2022 2022-01-01 – 2022-12-3113751000 173963000 Derived -160212000 -18212000 Derived -142000000 -78871000 Derived
Source
2023 2023-01-01 – 2023-12-314445000 139505000 Derived -135060000 -5462000 Derived -129598000 -72901000 Derived
Source
2024 2024-01-01 – 2024-12-3123224000 -6403000 Derived 29627000 -2920000 Derived 32547000 -39064000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 23.2M 2024
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.25.1M18.8M12.5M6.3M0.020202021202220232024
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Revenue200000
2021Revenue8804000
2022Revenue13751000
2023Revenue4445000
2024Revenue23224000

Revenue growth

Change in revenue from the same financial period one year earlier.

422.5% 2024
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4,652%3,384%2,117%850%-417%20202021202220232024
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2020Year over yearNo prior comparable period
2021Year over year4,302%
2022Year over year56.2%
2023Year over year-67.7%
2024Year over year422.5%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 127.6% 2024
Net margin 140.1% 2024
Free cash flow margin -168.2% 2024
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.452%-678%-1,808%-2,938%-4,068%20202021202220232024
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2020Operating margin-3,756.5%
2021Operating margin-499.4%
2022Operating margin-1,165.1%
2023Operating margin-3,038.5%
2024Operating margin127.6%
2020Net margin-3,718.5%
2021Net margin-1,560.7%
2022Net margin-1,032.7%
2023Net margin-2,915.6%
2024Net margin140.1%
2020Free cash flow margin-3,648.5%
2021Free cash flow margin-396.3%
2022Free cash flow margin-573.6%
2023Free cash flow margin-1,640.1%
2024Free cash flow margin-168.2%

Operating cash flow

Cash generated by the company’s normal business operations.

USD -38.8M 2024
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.7M-15.0M-35.8M-56.6M-77.4M20202021202220232024
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Operating cash flow-7002000
2021Operating cash flow-31055000
2022Operating cash flow-69837000
2023Operating cash flow-71644000
2024Operating cash flow-38800000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -39.1M 2024
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.6.3M-16.6M-39.4M-62.3M-85.2M20202021202220232024
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Free cash flow-7297000
2021Free cash flow-34891000
2022Free cash flow-78871000
2023Free cash flow-72901000
2024Free cash flow-39064000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

34.5% 2024
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.116%87%58%29%0%20202021202220232024
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2020Liabilities / assets8.6%
2021Liabilities / assets16.9%
2022Liabilities / assets34.6%
2023Liabilities / assets107.5%
2024Liabilities / assets34.5%

Current assets to current liabilities

Current assets divided by current liabilities.

3.1× 2024
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.19.58×14.69×9.79×4.90×0.00×20202021202220232024
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2020Current assets / current liabilities16.07×
2021Current assets / current liabilities18.13×
2022Current assets / current liabilities3.1×
2023Current assets / current liabilities0.82×
2024Current assets / current liabilities3.1×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2019 2019-01-01 – 2019-12-31
−USD 7.33 million
Exact value

Exact value: -7329896 USD

2019-01-01 – 2019-12-31: -7329896 USD Inspect Net Income Open source
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−USD 6.26 million
Exact value

Exact value: -6262582 USD

2019-01-01 – 2019-12-31: -6262582 USD Inspect Operating Cash Flow Open source
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USD 442,145
Exact value

Exact value: 442145 USD

2019-01-01 – 2019-12-31: 442145 USD Inspect Capital Expenditure Open source
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−USD 6.7 million
Calculation and evidence

-6262582 − 442145 USD

Exact free cash flow: -6704727 USD

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2020 2020-01-01 – 2020-12-31
−USD 7.44 million
Exact value

Exact value: -7437000 USD

2020-01-01 – 2020-12-31: -7437000 USD Inspect Net Income Open source
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−USD 7 million
Exact value

Exact value: -7002000 USD

2020-01-01 – 2020-12-31: -7002000 USD Inspect Operating Cash Flow Open source
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USD 295,000
Exact value

Exact value: 295000 USD

2020-01-01 – 2020-12-31: 295000 USD Inspect Capital Expenditure Open source
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−USD 7.3 million
Calculation and evidence

-7002000 − 295000 USD

Exact free cash flow: -7297000 USD

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2021 2021-01-01 – 2021-12-31
−USD 137.41 million
Exact value

Exact value: -137408000 USD

2021-01-01 – 2021-12-31: -137408000 USD Inspect Net Income Open source
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−USD 31.06 million
Exact value

Exact value: -31055000 USD

2021-01-01 – 2021-12-31: -31055000 USD Inspect Operating Cash Flow Open source
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USD 3.84 million
Exact value

Exact value: 3836000 USD

2021-01-01 – 2021-12-31: 3836000 USD Inspect Capital Expenditure Open source
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−USD 34.89 million
Calculation and evidence

-31055000 − 3836000 USD

Exact free cash flow: -34891000 USD

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2022 2022-01-01 – 2022-12-31
−USD 142 million
Exact value

Exact value: -142000000 USD

2022-01-01 – 2022-12-31: -142000000 USD Inspect Net Income Open source
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−USD 69.84 million
Exact value

Exact value: -69837000 USD

2022-01-01 – 2022-12-31: -69837000 USD Inspect Operating Cash Flow Open source
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USD 9.03 million
Exact value

Exact value: 9034000 USD

2022-01-01 – 2022-12-31: 9034000 USD Inspect Capital Expenditure Open source
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−USD 78.87 million
Calculation and evidence

-69837000 − 9034000 USD

Exact free cash flow: -78871000 USD

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2023 2023-01-01 – 2023-12-31
−USD 129.6 million
Exact value

Exact value: -129598000 USD

2023-01-01 – 2023-12-31: -129598000 USD Inspect Net Income Open source
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−USD 71.64 million
Exact value

Exact value: -71644000 USD

2023-01-01 – 2023-12-31: -71644000 USD Inspect Operating Cash Flow Open source
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USD 1.26 million
Exact value

Exact value: 1257000 USD

2023-01-01 – 2023-12-31: 1257000 USD Inspect Capital Expenditure Open source
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−USD 72.9 million
Calculation and evidence

-71644000 − 1257000 USD

Exact free cash flow: -72901000 USD

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2024 2024-01-01 – 2024-12-31
USD 32.55 million
Exact value

Exact value: 32547000 USD

2024-01-01 – 2024-12-31: 32547000 USD Inspect Net Income Open source
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−USD 38.8 million
Exact value

Exact value: -38800000 USD

2024-01-01 – 2024-12-31: -38800000 USD Inspect Operating Cash Flow Open source
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USD 264,000
Exact value

Exact value: 264000 USD

2024-01-01 – 2024-12-31: 264000 USD Inspect Capital Expenditure Open source
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−USD 39.06 million
Calculation and evidence

-38800000 − 264000 USD

Exact free cash flow: -39064000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

28 filings · 1,459 latest values · 1,458 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001840292, 1840292, ATHN, HLGN, edgar:1840292

Also known as ATHENA TECHNOLOGY ACQUISITION CORP., Athena Technology Acquisition Corp., Heliogen, Inc.