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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenue $ 0 $ 5,000 $ 0 $ 2,939,000
Operating expense:        
Cost of revenue 3,286,000 8,203,000 6,534,000 10,226,000
Research and development 10,857,000 9,241,000 32,794,000 26,660,000
Selling, general, and administrative 21,044,000 36,103,000 100,999,000 75,920,000
Restructuring and asset impairment (Note 4) 4,885,000 0 4,885,000 0
Total operating expenses 40,072,000 53,547,000 145,212,000 112,806,000
Loss from operations (40,072,000) (53,542,000) (145,212,000) (109,867,000)
Other income (expense):        
Change in fair value of private placement warrant liability (240,000) 3,447,000 561,000 13,385,000
Change in fair value of earnout liability (1,307,000) 18,034,000 6,029,000 87,371,000
Gain (loss) on equity securities 0 0 0 10,082,000
Foreign currency transaction loss (3,877,000) (4,539,000) (2,447,000) (7,143,000)
Investment income and interest income, net 1,441,000 947,000 6,501,000 1,018,000
Total other income (expense) (3,983,000) 17,889,000 10,644,000 104,713,000
Loss before income taxes (44,055,000) (35,653,000) (134,568,000) (5,154,000)
Income tax expense 0 0 0 526,000
Net loss (44,055,000) (35,653,000) (134,568,000) (5,680,000)
Less: Net loss attributable to noncontrolling interest (1,000) (10,858,000) (18,000) (16,361,000)
Net income (loss) attributable to Hyzon (44,054,000) (24,795,000) (134,550,000) 10,681,000
Comprehensive income (loss):        
Net loss (44,055,000) (35,653,000) (134,568,000) (5,680,000)
Foreign currency translation adjustment 2,721,000 862,000 986,000 838,000
Net change in unrealized gain (loss) on short-term investments 286,000 131,000 (702,000) 131,000
Comprehensive loss (41,048,000) (34,660,000) (134,284,000) (4,711,000)
Less: Comprehensive income (loss) attributable to noncontrolling interest 5,000 (9,705,000) 10,000 (14,714,000)
Comprehensive income (loss) attributable to Hyzon $ (41,053,000) $ (24,955,000) $ (134,294,000) $ 10,003,000
Net income (loss) per share attributable to Hyzon:        
Basic (dollars per share) $ (0.18) $ (0.10) $ (0.55) $ 0.04
Diluted (dollars per share) $ (0.18) $ (0.10) $ (0.55) $ 0.04
Weighted average common shares outstanding:        
Basic (in shares) 244,885,000 248,164,000 244,686,000 248,054,000
Diluted (in shares) 244,885,000 248,164,000 244,686,000 257,828,000