HilleVax, Inc. (HLVX) Financials
Newest figures come from the 10-Q for Q2 FY2025, filed Aug 6, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HLVX SEC filings page.
This page shows HilleVax, Inc. (HLVX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
HilleVax, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
HilleVax, Inc. passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
HilleVax, Inc. reported a net loss of $147.3M while operations used $108.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
HilleVax, Inc. reported an operating loss of $155.3M against $3.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
HilleVax, Inc.'s EBITDA was -$6.8M in Q2 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 84.1% from the same quarter a year earlier. Against the prior quarter it is up 7.7%.
HilleVax, Inc. reported -$5.3M in net income in Q2 2025. This represents an increase of 87.1% from the same quarter a year earlier. Against the prior quarter it is up 13.1%.
HilleVax, Inc. earned -$0.11 per diluted share (EPS) in Q2 2025. This represents an increase of 86.7% from the same quarter a year earlier. Against the prior quarter it is up 8.3%.
Not reported for Q2 2025.
Cash & Balance Sheet
HilleVax, Inc. held $58.7M in cash as of Q2 2025; long-term debt is not reported for that period.
Not reported for Q2 2025.
Not reported for Q2 2025.
Margins & Returns
HilleVax, Inc.'s ROE was -3.6% in Q2 2025, measuring profit generated per dollar of shareholder equity. This is up 16.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.
Not reported for Q2 2025.
Not reported for Q2 2025.
Not reported for Q2 2025.
Capital Allocation
None of these metrics is reported for Q2 2025.
HLVX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $5.7M-30.4% | $5.6M-33.8% | N/A | $6.2M-5.9% | $8.1M+12.4% | $8.5M+46.6% | N/A | $6.6M+44.3% |
| Operating Income | -$7.0M+83.7% | -$7.6M+84.7% | N/A | -$26.4M+22.2% | -$43.0M-42.3% | -$49.8M-72.0% | N/A | -$33.9M-89.5% |
| EBITDA | -$6.8M+84.1% | -$7.4M+85.1% | N/A | -$25.9M+22.8% | -$42.6M-41.5% | -$49.3M-70.4% | N/A | -$33.5M |
| Interest Expense | $0-100.0% | N/A | N/A | $1.9M+158.4% | $738K+47.6% | $727K+61.9% | N/A | $717K+249.8% |
| Net Income | -$5.3M+87.1% | -$6.1M+87.1% | N/A | -$25.8M+18.8% | -$40.7M-45.8% | -$46.8M-74.2% | N/A | -$31.8M-89.3% |
| EPS (Basic) | -$0.11+86.7% | -$0.12+87.6% | -$0.69+11.5% | -$0.52+35.8% | -$0.83-12.2% | -$0.97-36.6% | -$0.78-2500.0% | -$0.81-80.0% |
| EPS (Diluted) | -$0.11+86.7% | -$0.12+87.6% | -$0.69+11.5% | -$0.52+35.8% | -$0.83-12.2% | -$0.97-36.6% | -$0.78-2500.0% | -$0.81-80.0% |
| Diluted Shares (Avg) | 50M+1.9% | 50M+3.1% | N/A | 49M+26.5% | 49M+29.6% | 48M+28.4% | N/A | 39M+4.6% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Income Tax.
HLVX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $174.9M-36.8% | $178.8M-43.1% | $192.7M-44.1% | $220.6M-39.9% | $276.9M-3.3% | $314.2M+4.4% | $344.4M+8.6% | $367.0M+13.9% |
| Current Assets | $162.2M-35.8% | $165.7M-41.0% | $178.3M-42.6% | $197.2M-40.8% | $252.5M-0.2% | $281.1M+4.2% | $310.7M+6.9% | $333.2M+11.0% |
| Cash & Equivalents | $58.7M-45.9% | $47.5M-66.3% | $154.5M-28.7% | $103.8M-50.2% | $108.4M-31.5% | $141.1M-45.9% | $216.7M-22.4% | $208.5M-28.6% |
| Short-Term Investments | $100.9M-26.2% | $112.1M-14.9% | $17.0M-80.5% | $85.5M-26.2% | $136.6M+59.4% | $131.7M | $86.8M | $115.9M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $27.1M-62.4% | $27.9M-62.9% | $38.2M-51.6% | $36.3M-46.8% | $72.0M+6.3% | $75.3M+30.0% | $78.9M+57.9% | $68.3M+95.9% |
| Current Liabilities | $6.1M-87.5% | $6.5M-74.6% | $16.5M-43.8% | $13.8M-27.0% | $49.2M+168.1% | $25.7M+33.6% | $29.3M+124.3% | $19.0M+119.6% |
| Non-Current Liabilities | $20.9M-8.3% | $21.4M-56.9% | $21.7M-56.2% | $22.5M-54.4% | $22.8M-53.8% | $49.5M+28.2% | $49.6M+34.4% | $49.4M+88.1% |
| Long-Term Debt | N/A | N/A | N/A | N/A | $25.7M+3.3% | $25.5M+70.8% | $25.2M+70.7% | $25.0M+428.6% |
| Total Equity | $147.8M-27.9% | $150.9M-36.8% | $154.5M-41.8% | $184.3M-38.3% | $204.9M-6.3% | $238.9M-1.7% | $265.5M-0.6% | $298.6M+4.0% |
| Retained Earnings | -$547.2M-14.9% | -$541.9M-24.5% | -$535.8M-37.9% | -$501.9M-42.7% | -$476.1M-48.9% | -$435.4M-49.2% | -$388.6M-46.6% | -$351.6M-44.2% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
HLVX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$789K+97.4% | -$12.7M+61.5% | -$18.2M+15.8% | -$27.8M-3.8% | -$29.8M-32.8% | -$33.0M-106.9% | -$21.6M-16.7% | -$26.8M-37.1% |
| Depreciation & Amortization | $200K-50.0% | $250K-45.2% | $476K+11.0% | $500K+25.0% | $400K+300.0% | $456K+45500.0% | $429K | $400K |
| Stock-Based Compensation | $2.3M-61.6% | $2.4M-53.2% | N/A | $5.0M+28.0% | $6.1M+86.7% | $5.2M+96.6% | N/A | $3.9M+367.5% |
| Capital Expenditures | N/A | N/A | $110K-85.1% | $212K-90.3% | $47K-99.0% | $153K-94.9% | $738K-80.7% | $2.2M |
| Free Cash Flow | N/A | N/A | -$18.3M+18.1% | -$28.0M+3.3% | -$29.8M-9.4% | -$33.2M-75.1% | -$22.3M0.0% | -$29.0M |
| Investing Cash Flow | $12.0M+445.5% | -$94.3M-63.5% | $68.9M+133.8% | $50.6M+262.4% | -$3.5M+96.1% | -$57.7M-1831.7% | $29.5M+869.6% | -$31.2M-16750.8% |
| Financing Cash Flow | N/A | N/A | $0-100.0% | -$27.5M-125.4% | $615K-94.0% | $15.1M+18727.5% | $313K-96.8% | $108.1M+3933.6% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
HLVX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -3.6%+16.3pp | -4.0%+15.6pp | N/A | -14.0%-3.4pp | -19.8%-7.1pp | -19.6%-8.5pp | N/A | -10.7%-4.8pp |
| Return on Assets | -3.0%+11.7pp | -3.4%+11.5pp | N/A | -11.7%-3.0pp | -14.7%-5.0pp | -14.9%-6.0pp | N/A | -8.7%-3.4pp |
| Current Ratio | 26.39+21.3x | 25.32+14.4x | 10.84+0.2x | 14.25-3.3x | 5.14-8.7x | 10.92-3.1x | 10.62-11.7x | 17.58-17.2x |
| Debt-to-Equity | 0.18+0.1x | 0.18+0.1x | 0.25+0.2x | 0.20+0.1x | 0.130.0x | 0.110.0x | 0.100.0x | 0.08+0.1x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| HilleVax, Inc. HLVX | FY2024 | N/A | -$147.3M | N/A | $104.8M | — |
| Spero Therapeuti SPRO | FY2025 | $66.8M | $8.6M | 12.8% | $69.3M | 65/100 |
| Armata Pharmctcl ARMP | FY2025 | N/A | -$173.8M | N/A | $216.4M | — |
| Tscan Therapeutics, Inc. TCRX | FY2025 | $10.3M | -$129.8M | N/A | $23.4M | 38/100 |
| Cassava Sciences SAVA | FY2025 | N/A | -$91.0M | N/A | $115.0M | — |
| Macrogenics Inc MGNX | FY2025 | $149.5M | -$75K | -0.1% | $275.2M | 56/100 |
Where HilleVax, Inc. Ranks
Frequently Asked Questions
Is HilleVax, Inc. profitable?
No, HilleVax, Inc. (HLVX) reported a net income of -$147.3M in fiscal year 2024.
What is HilleVax, Inc.'s EBITDA?
HilleVax, Inc. (HLVX) had EBITDA of -$153.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is HilleVax, Inc.'s return on equity (ROE)?
HilleVax, Inc. (HLVX) has a return on equity of -95.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is HilleVax, Inc.'s free cash flow?
HilleVax, Inc. (HLVX) recorded an outflow of $109.3M in free cash flow during fiscal year 2024. This represents a -12.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is HilleVax, Inc.'s operating cash flow?
HilleVax, Inc. (HLVX) recorded an outflow of $108.8M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are HilleVax, Inc.'s total assets?
HilleVax, Inc. (HLVX) had $192.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What are HilleVax, Inc.'s capital expenditures?
HilleVax, Inc. (HLVX) invested $522K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is HilleVax, Inc.'s current ratio?
HilleVax, Inc. (HLVX) had a current ratio of 10.84 as of fiscal year 2024, which is generally considered healthy.
What is HilleVax, Inc.'s debt-to-equity ratio?
HilleVax, Inc. (HLVX) had a debt-to-equity ratio of 0.25 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is HilleVax, Inc.'s return on assets (ROA)?
HilleVax, Inc. (HLVX) had a return on assets of -76.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
How does HilleVax, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2024, HilleVax, Inc. (HLVX) held $171.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $108.8M over that year. Dividing the one by the other, the reported balance equals about 19 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is HilleVax, Inc.'s Piotroski F-Score?
HilleVax, Inc. (HLVX) has a Piotroski F-Score of 2 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are HilleVax, Inc.'s earnings high quality?
HilleVax, Inc. (HLVX) reported a net loss of $147.3M while operations used $108.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can HilleVax, Inc. cover its interest payments?
HilleVax, Inc. (HLVX) reported an operating loss of $155.3M against $3.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.