Heliogen Inc 's ROA from the first quarter of 2025 to the first quarter of 2024 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics

What is Heliogen Inc 's ROA in the first quarter of 2025?
Heliogen Inc achieved a return on average assets (ROA) of 81.84 % in its first quarter of 2025, this is above HLGN's average return on assets of -43.88%.
Heliogen Inc assets over the 12 months ending in its first quarter of 2025 are valued at $51 million

Despite the company's net income deteriorating, Heliogen Inc was able to improve its ROA compared to the fourth quarter of 2024.

However, within the Utilities sector 2 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Mar 31 2025 quarter, so far to 62, from total ROA ranking in the fourth quarter of 2024 at 102.

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Return On Assets	(Mar 31 2025) I. Quarter	(Dec 31 2024) IV. Quarter	(Sep 30 2024) III. Quarter	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter
Y / Y Total Assets Change	-64.54 %	-59.46 %	-57.38 %	-54.84 %	-45.7 %
Y / Y Net Income Change	-	-	-	-	-
Net Income (TTM) in million	41	33	-125	-132	-134
Return On Assets (TTM)	81.84 %	49.76 %	-153.87 %	-131.05 %	-110.42 %
HLGN's Total Ranking	# 62	# 102	# 4772	# 4776	# 4767
Total Assets (TTM) in million	33	43	57	69	92
Seq. Total Assets Change	-25.01 %	-24.39 %	-16.94 %	-24.71 %	-14.27 %
Seq. Net Income Change	-	-	-	-	-

HLGN's 5 Years Annual ROA >> Back to HLGN Management Effectiveness >> Compare HLGN ROA to its Competitors

Return On Assets Company Ranking
Within:	No.
Industry	# 3
Sector	# 3
Overall	# 58

Return On Assets Statistics
High	Average	Low
81.1 %	-43.88 %	-152.94 %
(Mar 31 2025)		(Sep 30 2024)

News about Heliogen Inc Return on Assets ROA

Heliogen Reports Impressive Financial and Operational Results for Fourth Quarter and Full Year 2023; Welcomes New CFO

Heliogen, Inc. (Heliogen), a renowned provider of AI-enabled concentrating solar energy technology, recently released its financial and operational results for the fourth quarter and full year of 2023. In addition to achieving substantial growth in their opportunity pipeline, the company also announced the appointment of a new Chief Financial Officer. Heliogen s relentless pursuit of innovation and third-party validations has cemented its position as a leading player in the solar energy industry.
Financial and Operational Highlights:
Heliogen s latest financial and operational results exhibit a remarkable trend of growth and success. The company s opportunity pipeline has expanded significantly, increasing by approximately 1.2 GW since August 2023 to reach an impressive 2.0 GW. This surge in opportunities is directly indicative of the trust and confidence that institutions and partners have placed in Heliogen s groundbreaking technology.

Heliogen Embarks on Search for New CFO as it Pursues Profits in the Solar Energy Industry

Heliogen Announces CFO Transition and Initiates Formal Search Process for New Appointment
Heliogen, a leading provider of AI-enabled concentrating solar energy technology, has announced a significant leadership change as the Company’s Chief Financial Officer (CFO), Sagar Kurada, is set to transition out of his role. The transition is expected to be effective on January 11, 2024, and Mr. Kurada will be assisting with the transition period to ensure a smooth exit.
The decision for Mr. Kurada to transition out of his role was mutually agreed upon by Heliogen and the CFO himself. This announcement comes as the Company witnessed a cumulative net loss of $-86 million during the 12-month period ending in the third quarter of 2023, resulting in a negative return on assets (ROA) of -52.98%. In light of these financial challenges, Heliogen has taken the strategic decision to find a new CFO who will help steer the Company toward long-term financial stability and growth.

Financial Statements
Heliogen Inc 's Assets	$ 33 million	HLGN's Balance sheet
Heliogen Inc 's Income	$ -6 million	Quarterly HLGN's Income Statement
HLGN's Income by Division		See HLGN's Income by Division

Annual Return On Assets	(Dec 31 2024) FY 2024	(Dec 31 2023) FY 2023	(Dec 31 2022) FY 2022	(Dec 31 2021) FY 2021	FY
Y / Y Total Assets Change	-59.46 %	-43.98 %	-25.51 %	-	-
Total Assets in million	43	107	191	256	0
Y / Y Net Income Change	-	-	-	-	-
Net Income in million	33	-130	-142	0	0
Annual Return On Assets	75.01 %	-121.08 %	-74.33 %	-0 %	-

HLGN's 5 Years Annual ROA >> Back to HLGN Management Effectiveness >> Compare HLGN ROA to its Competitors

Comment on HLGN's ROA in the fiscal year ending 2024

In the fiscal year 2024 ROA improved to 75.01 % compared to prior year, due to annual net income growth of % to $32.55 million, and due to decline of value in Heliogen Inc 's assets by -59.46 % to $43.39 million, compared to $43.39 a year before.

More Return On Assets Ratios
HLGN's' Return on Assets at Yahoo Finance
Electric Utilities Industry Return On Assets Trends and Statistics
Utilities Sector Roa Statistics
Roa Trends for overall market
HLGN's Roa Ratio versus Electric Utilities Industry, Utilities Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Subscribers only: Roa for HLGN's Competitors
Subscribers only: Roa for Heliogen Inc 's Suppliers
Subscribers only: Return On Assets for HLGN's Customers

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Companies with similar Return On Assets at Mar 31 2025, within Utilities Sector	ROA
Oklo Inc	137.67 %
Heliogen Inc	81.10 %
Middlesex Water Company	74.16 %
Alternus Clean Energy Inc	60.91 %
Via Renewables Inc	18.75 %
Otter Tail Corporation	18.04 %

Date modified: 2026-09-26T07:40:03+00:00

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