Helios Technologies Inc (HLIO) financial statements: income statement, balance sheet and cash flow

Helios Technologies Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 3, 2026 · FY), Helios Technologies Inc reported revenue of $839.0M (+4.1% year on year) and net income of $48.4M (+24.1% year on year).

Income statement

Helios Technologies Inc income statement, fiscal years

Line item	Jan 3, 2026 · FY	Dec 28, 2024 · FY	Dec 30, 2023 · FY	Dec 31, 2022 · FY
Net sales	$839.0M	$805.9M	$835.6M	$885.4M
Cost of sales	$567.8M	$553.6M	$573.9M	$586.9M
Gross profit	$271.2M	$252.3M	$261.7M	$298.5M
Selling, engineering and administrative expenses	$147.6M	$139.0M	$148.9M	$133.1M
Amortization of intangible assets	$31.7M	$31.5M	$32.9M	$28.1M
Goodwill impairment	$25.9M	—	—	$0
Operating income	$66.0M	$81.8M	$79.9M	$137.3M
Interest expense, net	$21.9M	$33.8M	$31.2M	$16.7M
Foreign currency transaction loss, net	$1.3M	$1.3M	$600.0K	($900.0K)
Other non-operating (income), net	($19.6M)	($3.8M)	($1.1M)	($300.0K)
Income before income taxes	$62.4M	$50.5M	$49.2M	$121.8M
Income tax provision	$14.0M	$11.5M	$11.7M	$23.4M
Net income	$48.4M	$39.0M	$37.5M	$98.4M
Basic	$1.46	$1.17	$1.14	$3.03
Diluted	$1.45	$1.17	$1.14	$3.02
Basic	33.2M	33.2M	32.9M	32.5M
Diluted	33.3M	33.3M	33.0M	32.6M
Dividends declared per share	$0.36	$0.36	$0.36	$0.36

Helios Technologies Inc income statement, quarters

Line item	Jul 4, 2026 · Q2	Apr 4, 2026 · Q1	Sep 27, 2025 · Q3	Jun 28, 2025 · Q2
Net sales	$231.9M	$228.4M	$220.3M	$212.5M
Cost of sales	$151.7M	$153.5M	$147.3M	$145.0M
Gross profit	$80.2M	$74.9M	$73.0M	$67.5M
Selling, engineering and administrative expenses	$40.2M	$37.4M	$38.2M	$37.3M
Amortization of intangible assets	$7.5M	$7.6M	$7.6M	$8.3M
Operating income	$32.5M	$29.9M	$1.3M	$21.9M
Interest expense, net	$4.7M	$5.1M	$6.9M	$7.0M
Foreign currency transaction (gain) loss, net	$100.0K	($600.0K)	$600.0K	$500.0K
Other non-operating income, net	($400.0K)	($200.0K)	($19.0M)	($500.0K)
Income before income taxes	$28.1M	$25.6M	$12.8M	$14.9M
Income tax provision	$6.2M	$5.9M	$2.5M	$3.5M
Net income	$21.9M	$19.7M	$10.3M	$11.4M
Basic	$0.66	$0.60	$0.31	$0.34
Diluted	$0.66	$0.59	$0.31	$0.34
Basic	33.0M	33.1M	33.1M	33.3M
Diluted	33.2M	33.3M	33.3M	33.3M
Dividends declared per share	$0.12	$0.12	$0.09	$0.09

Balance sheet

Helios Technologies Inc balance sheet, fiscal years

Line item	Jan 3, 2026 · FY	Dec 28, 2024 · FY	Dec 30, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$73.0M	$44.1M	$32.4M	$43.7M
Accounts receivable, net of allowance for credit losses of $1.4 and $2.4	$116.0M	$104.6M	$114.8M	$125.1M
Inventories, net	$188.6M	$190.1M	$215.1M	$191.6M
Income taxes receivable	$15.4M	$15.1M	$11.3M	$10.2M
Other current assets	$21.9M	$30.3M	$23.1M	$17.9M
Total current assets	$414.9M	$384.2M	$396.7M	$388.5M
Property, plant and equipment, net	$206.6M	$216.4M	$227.9M	$175.7M
Deferred income taxes	$1.9M	$2.1M	$1.7M	$1.6M
Goodwill	$498.1M	$498.9M	$514.0M	$468.5M
Other intangible assets, net	$369.9M	$384.0M	$426.4M	$405.6M
Other assets	$23.1M	$19.8M	$23.7M	$23.8M
Total assets	$1.5B	$1.5B	$1.6B	$1.5B
Accounts payable	$75.6M	$56.7M	$70.3M	$73.7M
Accrued compensation and benefits	$23.3M	$24.6M	$19.4M	$21.1M
Other accrued expenses and current liabilities	$23.0M	$25.8M	$27.0M	$32.0M
Current portion of long-term non-revolving debt, net	$5.4M	$16.0M	$23.2M	$19.0M
Dividends payable	$3.0M	$3.0M	$3.0M	$2.9M
Income taxes payable	$12.9M	$12.5M	$2.0M	$3.6M
Total current liabilities	$143.2M	$138.6M	$144.9M	$152.3M
Revolving lines of credit	$105.5M	$147.3M	$199.8M	$261.3M
Long-term non-revolving debt, net	$256.2M	$283.2M	$298.3M	$164.2M
Deferred income taxes	$52.4M	$41.1M	$57.1M	$61.0M
Other noncurrent liabilities	$25.7M	$30.8M	$35.7M	$30.0M
Total liabilities	$583.0M	$641.0M	$735.8M	$668.8M
Preferred stock, par value $0.001, 2.0 shares authorized, no shares issued or outstanding	0	0	0	0
Common stock, par value $0.001, 100.0 shares authorized, 33.4 and 33.3 shares issued; 33.1 and 33.3 outstanding at January 3, 2026 and December 28, 2024, respectively	0	0	0	0
Capital in excess of par value	$442.9M	$437.4M	$434.4M	$404.3M
Retained earnings	$539.1M	$502.6M	$475.6M	$450.0M
Accumulated other comprehensive loss	($36.9M)	($75.6M)	($55.4M)	($59.4M)
Treasury stock, at cost, 0.3 and 0 shares, respectively	-13.6M	—	—	—
Total shareholders' equity	$931.5M	$864.4M	$854.6M	$794.9M
Total liabilities and shareholders' equity	$1.5B	$1.5B	$1.6B	$1.5B

Helios Technologies Inc balance sheet, quarters

Line item	Jul 4, 2026	Apr 4, 2026	Sep 27, 2025	Jun 28, 2025
Cash and cash equivalents	$68.0M	$64.2M	$54.9M	$53.0M
Accounts receivable, net of allowance for credit losses of $3.5 and $1.4	$140.6M	$137.5M	$133.7M	$123.7M
Inventories, net	$194.0M	$190.9M	$185.4M	$187.2M
Income taxes receivable	$9.7M	$9.4M	$12.2M	$9.2M
Other current assets	$26.4M	$24.9M	$24.4M	$24.2M
Total current assets	$438.7M	$426.9M	$449.0M	$439.1M
Property, plant and equipment, net	$209.6M	$206.6M	$207.6M	$208.2M
Deferred income taxes	$2.2M	$1.9M	$2.3M	$2.3M
Goodwill	$491.5M	$493.4M	$497.6M	$523.9M
Other intangible assets, net	$350.3M	$359.2M	$377.3M	$385.4M
Other assets	$23.7M	$23.7M	$22.0M	$22.8M
Total assets	$1.5B	$1.5B	$1.6B	$1.6B
Accounts payable	$87.9M	$86.9M	$73.9M	$74.9M
Accrued compensation and benefits	$19.9M	$18.8M	$22.3M	$21.2M
Other accrued expenses and current liabilities	$33.8M	$27.7M	$26.2M	$31.2M
Current portion of long-term non-revolving debt, net	$0	$0	$18.5M	$24.5M
Dividends payable	$4.0M	$4.0M	$3.0M	$3.0M
Income taxes payable	$14.3M	$12.1M	$9.3M	$10.6M
Total current liabilities	$159.9M	$149.5M	$153.2M	$179.0M
Revolving line of credit	$105.4M	$103.7M	$138.8M	$141.4M
Long-term non-revolving debt, net	$226.1M	$244.8M	$261.8M	$267.4M
Deferred income taxes	$51.0M	$51.9M	$59.0M	$56.8M
Other noncurrent liabilities	$25.3M	$25.4M	$25.1M	$25.4M
Total liabilities	$567.7M	$575.3M	$637.9M	$670.0M
Preferred stock, par value $0.001, 2.0 shares authorized, no shares issued or outstanding	0	0	0	0
Common stock, par value $0.001, 100.0 shares authorized, 33.5 and 33.4 shares issued; 33.1 and 33.1 outstanding at July 4, 2026 and January 3, 2026, respectively	0	0	0	0
Capital in excess of par value	$448.1M	$445.3M	$441.9M	$440.7M
Retained earnings	$572.7M	$554.8M	$522.6M	$515.2M
Accumulated other comprehensive loss	($48.2M)	($45.4M)	($37.4M)	($37.7M)
Treasury stock, at cost, 0.5 and 0.3 shares, respectively	-24.3M	-18.3M	-9.2M	-6.5M
Total shareholders' equity	$948.3M	$936.4M	$917.9M	$911.7M
Total liabilities and shareholders' equity	$1.5B	$1.5B	$1.6B	$1.6B

Cash flow statement

Helios Technologies Inc cash flow statement, fiscal years

Line item	Jan 3, 2026 · FY	Dec 28, 2024 · FY	Dec 30, 2023 · FY	Dec 31, 2022 · FY
Net income	$48.4M	$39.0M	$37.5M	$98.4M
Depreciation and amortization	$63.0M	$63.8M	$63.8M	$51.6M
(Gain) on sale of business	($18.8M)	—	—	—
Goodwill impairment	$25.9M	—	—	$0
Stock-based compensation expense	$5.1M	$3.4M	$11.6M	$8.6M
Amortization of debt issuance costs	$700.0K	$1.1M	$600.0K	$500.0K
Benefit for deferred income taxes	($1.1M)	($8.3M)	($7.9M)	($4.5M)
Forward contract losses, net	$600.0K	$0	$300.0K	($4.0M)
Other, net	($5.3M)	$3.2M	$0	$0
Accounts receivable	($16.5M)	$7.3M	$16.3M	$9.1M
Inventories	($2.7M)	$19.4M	($17.9M)	($27.0M)
Income taxes receivable	$300.0K	($3.8M)	$300.0K	($5.0M)
Other current assets	$4.2M	($8.1M)	($5.5M)	$1.6M
Other assets	$4.7M	$5.1M	($3.8M)	$8.0M
Accounts payable	$22.0M	($11.8M)	($5.2M)	($11.5M)
Accrued expenses and other liabilities	$2.1M	$5.7M	($5.8M)	($6.2M)
Income taxes payable	($700.0K)	$10.7M	($1.6M)	($2.3M)
Other noncurrent liabilities	($4.6M)	($4.6M)	$3.9M	($7.4M)
Contingent consideration payments in excess of acquisition date fair value	$0	$0	($2.7M)	—
Net cash provided by operating activities	$127.3M	$122.1M	$83.9M	$109.9M
Business acquisitions, net of cash acquired	$0	$0	($114.2M)	($67.3M)
Capital expenditures	($23.7M)	($27.0M)	($34.3M)	($31.9M)
Proceeds from dispositions of property, plant and equipment	$300.0K	$100.0K	$300.0K	$7.2M
Business Divestiture Proceeds	$47.3M	—	—	—
Cash settlement of forward contracts	$0	$0	$400.0K	$4.3M
Software development costs	($3.6M)	($3.4M)	($6.1M)	($3.1M)
Net cash provided by (used in) investing activities	$20.3M	($30.3M)	($153.9M)	($90.8M)
Borrowings on revolving credit facilities	$57.6M	$41.6M	$189.2M	$118.7M
Repayment of borrowings on revolving credit facilities	($114.3M)	($88.7M)	($252.0M)	($92.7M)
Borrowings on long-term non-revolving debt	$0	$126.8M	$160.0M	$0
Repayment of borrowings on long-term non-revolving debt	($38.2M)	($147.7M)	($21.5M)	($18.0M)
Proceeds from stock issued	$1.8M	$2.2M	$2.0M	$2.1M
Purchase of treasury stock	($13.6M)	—	—	—
Dividends paid to shareholders	($12.0M)	($11.9M)	($11.8M)	($11.7M)
Payment of employee tax withholding on equity award vestings	($1.4M)	($2.6M)	($2.2M)	($2.6M)
Payment of contingent consideration liability	$0	$0	($3.4M)	—
Proceeds received upon termination of Cash Flow hedge instruments	$0	$7.1M	—	—
Other financing activities	($1.8M)	($5.2M)	($2.4M)	($2.7M)
Net cash (used in) provided by financing activities	($121.9M)	($78.4M)	$57.9M	($6.9M)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	$3.2M	($1.7M)	$800.0K	$3.0M
Net increase (decrease) in cash and cash equivalents	$28.9M	$11.7M	($11.3M)	$15.2M
Cash, cash equivalents and restricted cash, beginning of period	$44.1M	$32.4M	$43.7M	$28.5M
Cash, cash equivalents and restricted cash, end of period	$73.0M	$44.1M	$32.4M	$43.7M
Income taxes	$16.1M	—	—	—
Interest	$29.8M	$32.4M	$29.5M	$15.5M

Helios Technologies Inc cash flow statement, quarters

Line item	Jul 4, 2026 · YTD	Apr 4, 2026 · Q1	Sep 27, 2025 · YTD	Jun 28, 2025 · YTD
Net income	$41.6M	$19.7M	$28.9M	$18.6M
Depreciation and amortization	$30.3M	$15.1M	$47.8M	$31.9M
Loss on disposal of assets	$100.0K	—	$100.0K	$100.0K
(Gain) on sale of business, net of CTA Loss	($400.0K)	($400.0K)	($18.8M)	—
Stock-based compensation expense	$4.2M	$2.1M	$3.8M	$2.9M
Amortization of debt issuance costs	$400.0K	$200.0K	$500.0K	$400.0K
Benefit for deferred income taxes	($1.5M)	($400.0K)	$500.0K	($1.4M)
Other, net	$3.1M	$600.0K	$600.0K	$500.0K
Accounts receivable, net	($27.3M)	($22.4M)	($35.4M)	($23.4M)
Inventories	($7.9M)	($3.7M)	$1.0M	($1.7M)
Income taxes receivable	$5.6M	$6.0M	$3.5M	$6.5M
Other current assets	($5.0M)	($3.3M)	$1.7M	$2.1M
Other assets	$0	($900.0K)	$3.7M	($1.3M)
Accounts payable	$13.0M	$11.8M	$20.3M	$21.4M
Accrued expenses and other liabilities	$7.9M	($400.0K)	$3.8M	$4.2M
Income taxes payable	$1.5M	($800.0K)	($4.3M)	($2.8M)
Other noncurrent liabilities	$200.0K	$700.0K	($2.8M)	($2.0M)
Net cash provided by operating activities	$65.8M	$23.9M	$81.3M	$56.0M
Divestiture of Business, net of cash used	$400.0K	$400.0K	($1.6M)	—
Capital expenditures	($18.0M)	($6.7M)	($18.2M)	($11.5M)
Proceeds from dispositions of property, plant and equipment	$0	—	$200.0K	$200.0K
Software development costs	($1.6M)	($900.0K)	($2.0M)	($1.9M)
Net cash used in investing activities	($19.2M)	($7.2M)	($21.6M)	($13.2M)
Borrowings on revolving credit facilities	$80.5M	$33.5M	$41.1M	$20.6M
Repayment of borrowings on revolving credit facilities	($78.0M)	($33.5M)	($61.4M)	($38.4M)
Repayment of borrowings on long-term non-revolving debt	($35.6M)	($16.9M)	($11.9M)	($7.8M)
Proceeds from stock issued	$1.3M	$500.0K	$1.4M	$900.0K
Purchase of treasury stock	($10.6M)	($4.6M)	($9.2M)	($6.5M)
Dividends to shareholders	($6.9M)	($3.0M)	($9.0M)	($6.0M)
Payment of employee tax withholding on equity award vestings	($300.0K)	($200.0K)	($700.0K)	($500.0K)
Other financing activities	($1.0M)	($600.0K)	($1.4M)	($800.0K)
Net cash used in financing activities	($50.6M)	($24.8M)	($51.1M)	($38.5M)
Effect of exchange rate changes on cash and cash equivalents	($1.0M)	($700.0K)	$2.2M	$4.6M
Net (decrease) increase in cash and cash equivalents	($5.0M)	($8.8M)	$10.8M	$8.9M
Cash and cash equivalents, beginning of period	$73.0M	$73.0M	$44.1M	$44.1M
Cash and cash equivalents, end of period	$68.0M	$64.2M	$54.9M	$53.0M

Helios Technologies Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.