WKHS
Workhorse Group, Inc.
Price Chart
No historical data available
Latest Quote
$3.07
-0.10 (-3.15%)
Current Price
| Previous Close | $3.17 |
| Open | $3.16 |
| Day High | $3.25 |
| Day Low | $3.06 |
| Volume | 41,211 |
Stock Information
| Shares Outstanding | 10.93M |
| Total Debt | $76.13M |
| Cash Equivalents | $9.63M |
| Revenue | $27.21M |
| Net Income | $-78.64M |
| Sector | Consumer Cyclical |
| Industry | Auto Manufacturers |
| Market Cap | $33.55M |
| EPS (TTM) | $-7.87 |
| Exchange | NCM |
Recent Price History
No history data available. Data will be fetched automatically.
About Workhorse Group, Inc.
Workhorse Group, Inc. design and manufacture electric delivery trucks and drone systems solutions. The company provides step vans and stripped chassis; stripped chassis; shuttle bus, school bus, box truck, and work truck; workhorse connect, a remote data management system; telematics and charging infrastructure solutions; after-sales vehicle services; body shop and parts; and assembly services. It markets its products under the Workhorse and Motiv brand names. The company is based in Wixom, Michigan.
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $30,766,000 | $13,190,000 | $38,350,545 | $37,672,308 |
| Cost Of Revenue | $30,766,000 | $13,190,000 | $38,350,545 | $37,672,308 |
| Total Revenue | $21,211,000 | $7,044,000 | $13,094,752 | $5,023,072 |
| Operating Revenue | $21,211,000 | $7,044,000 | $13,094,752 | $5,023,072 |
| Expenses | ||||
| Total Expenses | $68,651,000 | $42,128,000 | $118,393,218 | $134,105,936 |
| Other Income Expense | $779,000 | $-6,243,000 | $-10,000,000 | $13,646,528 |
| Other Non Operating Income Expenses | $779,000 | $3,000 | $-10,000,000 | $13,646,528 |
| Net Non Operating Interest Income Expense | $-17,421,000 | $-10,260,000 | $-8,731,247 | $-1,837,882 |
| Total Other Finance Cost | $17,421,000 | $10,260,000 | - | - |
| Operating Expense | $37,885,000 | $28,938,000 | $80,042,673 | $96,433,628 |
| Interest Expense | - | $22,241,781 | $8,731,247 | $1,837,882 |
| Interest Expense Non Operating | - | $22,241,781 | $8,731,247 | $1,837,882 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-64,086,000 | $-51,588,000 | $-123,919,189 | $-117,274,218 |
| Net Interest Income | $-17,421,000 | $-10,260,000 | $-8,731,247 | $-1,837,882 |
| Normalized Income | $-64,086,000 | $-46,653,660 | $-123,919,189 | $-117,274,218 |
| Net Income From Continuing And Discontinued Operation | $-64,086,000 | $-51,588,000 | $-123,919,189 | $-117,274,218 |
| Total Operating Income As Reported | $-47,440,000 | $-41,330,000 | $-105,298,466 | $-129,082,864 |
| Net Income Common Stockholders | $-64,086,000 | $-51,588,000 | $-123,919,189 | $-117,274,218 |
| Net Income | $-64,086,000 | $-51,588,000 | $-123,919,189 | $-117,274,218 |
| Net Income Including Noncontrolling Interests | $-64,086,000 | $-51,588,000 | $-123,919,189 | $-117,274,218 |
| Net Income Continuous Operations | $-64,086,000 | $-51,588,000 | $-123,919,189 | $-117,274,218 |
| Pretax Income | $-64,082,000 | $-51,587,000 | $-124,029,713 | $-117,274,218 |
| Special Income Charges | $0 | $-6,246,000 | - | $0 |
| Operating Income | $-47,440,000 | $-35,084,000 | $-105,298,466 | $-129,082,864 |
| Gross Profit | $-9,555,000 | $-6,146,000 | $-25,255,793 | $-32,649,236 |
| Per Share | ||||
| Diluted EPS | $-6.76 | $-9.43 | $-1793.40 | $-2220.00 |
| Basic EPS | $-6.76 | $-9.43 | $-1793.40 | $-2220.00 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $-1,311,660 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-46,205,000 | $-28,022,000 | $-111,235,291 | $-113,491,124 |
| Total Unusual Items | $0 | $-6,246,000 | - | $0 |
| Total Unusual Items Excluding Goodwill | $0 | $-6,246,000 | - | $0 |
| Reconciled Depreciation | $1,235,000 | $816,000 | $4,063,175 | $1,945,212 |
| EBITDA (Bullshit earnings) | $-46,205,000 | $-34,268,000 | $-111,235,291 | $-113,491,124 |
| EBIT | $-47,440,000 | $-35,084,000 | $-115,298,466 | $-115,436,336 |
| Diluted Average Shares | $9,475,000 | $5,468,000 | $69,097 | $52,858 |
| Basic Average Shares | $9,475,000 | $5,468,000 | $69,097 | $52,858 |
| Diluted NI Availto Com Stockholders | $-64,086,000 | $-51,588,000 | $-123,919,189 | $-117,274,218 |
| Tax Provision | $4,000 | $1,000 | $-110,524 | $0 |
| Write Off | $0 | $6,246,000 | - | - |
| Gain On Sale Of Security | $1,038,000 | $-5,778,660 | - | - |
| Research And Development | $13,163,000 | $12,891,000 | $24,467,933 | $23,213,540 |
| Selling General And Administration | $24,722,000 | $16,047,000 | $55,574,740 | $73,220,088 |
| Otherunder Preferred Stock Dividend | - | - | - | - |
| Other Special Charges | - | - | - | - |
Fetched: 2026-08-29
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $29,730,000 | $-40,823,000 | $83,112,171 | $108,586,931 |
| Total Assets | $117,892,000 | $37,408,000 | $141,674,724 | $182,742,475 |
| Total Non Current Assets | $58,070,000 | $3,233,000 | $47,849,246 | $43,384,208 |
| Other Non Current Assets | $416,000 | $139,000 | $176,310 | $176,310 |
| Goodwill And Other Intangible Assets | $13,312,000 | $0 | - | - |
| Other Intangible Assets | $10,182,000 | - | - | - |
| Current Assets | $59,822,000 | $34,175,000 | $93,825,478 | $139,358,267 |
| Other Current Assets | $934,000 | $571,000 | $908,997 | $505,401 |
| Restricted Cash | $680,000 | $154,000 | $10,000,000 | $0 |
| Prepaid Assets | $3,014,000 | $1,982,000 | $7,192,165 | $13,647,080 |
| Inventory | $39,065,000 | $21,403,000 | $45,408,192 | $8,850,142 |
| Receivables | $3,889,000 | $3,590,000 | $4,470,209 | $17,079,343 |
| Accounts Receivable | $3,889,000 | $3,590,000 | $2,326,774 | $2,079,343 |
| Allowance For Doubtful Accounts Receivable | $-435,000 | $0 | $-190,724 | $0 |
| Gross Accounts Receivable | $4,324,000 | $3,590,000 | $2,517,498 | $2,079,343 |
| Cash Cash Equivalents And Short Term Investments | $12,240,000 | $6,475,000 | $25,845,915 | $99,276,301 |
| Cash And Cash Equivalents | $12,240,000 | $6,475,000 | $25,845,915 | $99,276,301 |
| Other Receivables | - | $544,436 | $2,143,435 | $15,000,000 |
| Debt | ||||
| Net Debt | $3,189,000 | $61,888,000 | - | - |
| Total Debt | $37,822,000 | $69,337,000 | $29,021,238 | $10,125,094 |
| Long Term Debt And Capital Lease Obligation | $34,206,000 | $86,000 | $5,280,526 | $8,840,062 |
| Long Term Debt | $15,429,000 | - | - | - |
| Current Debt And Capital Lease Obligation | $3,616,000 | $69,251,000 | $23,740,712 | $1,285,032 |
| Current Debt | - | $68,363,000 | $20,180,100 | - |
| Other Current Borrowings | - | $10,491,792 | $20,180,100 | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $74,850,000 | $78,231,000 | $58,562,553 | $74,155,544 |
| Total Non Current Liabilities Net Minority Interest | $35,998,000 | $1,313,000 | $5,280,526 | $10,845,062 |
| Other Non Current Liabilities | $1,792,000 | $1,227,000 | - | - |
| Current Liabilities | $38,852,000 | $76,918,000 | $53,282,027 | $63,310,482 |
| Other Current Liabilities | $7,947,000 | $438,000 | $5,947,239 | $6,240,244 |
| Current Deferred Liabilities | $1,615,000 | $823,000 | $4,714,331 | $3,375,000 |
| Current Notes Payable | $0 | $68,363,000 | - | - |
| Payables And Accrued Expenses | $22,491,000 | $4,887,000 | $14,893,290 | $45,235,345 |
| Payables | $11,635,000 | $2,073,000 | $12,456,272 | $10,235,345 |
| Accounts Payable | $11,635,000 | $2,073,000 | $12,456,272 | $10,235,345 |
| Interest Payable | - | $167,388 | $0 | $0 |
| Non Current Deferred Liabilities | - | - | $0 | $2,005,000 |
| Non Current Deferred Taxes Liabilities | - | - | - | - |
| Equity | ||||
| Common Stock Equity | $43,042,000 | $-40,865,000 | $83,112,171 | $108,586,931 |
| Total Equity Gross Minority Interest | $43,042,000 | $-40,823,000 | $83,112,171 | $108,586,931 |
| Stockholders Equity | $43,042,000 | $-40,823,000 | $83,112,171 | $108,586,931 |
| Retained Earnings | $-319,023,000 | $-254,937,000 | $-751,568,251 | $-627,649,062 |
| Preferred Stock Equity | - | $42,000 | - | - |
| Gains Losses Not Affecting Retained Earnings | - | - | - | $0 |
| Other Equity Adjustments | - | - | - | - |
| Other | ||||
| Ordinary Shares Number | $9,699,858 | $320,277 | $95,326 | $55,201 |
| Share Issued | $9,699,858 | $320,277 | $95,326 | $55,201 |
| Tangible Book Value | $29,730,000 | $-40,865,000 | $83,112,171 | $108,586,931 |
| Invested Capital | $58,471,000 | $27,498,000 | $103,292,271 | $108,586,931 |
| Working Capital | $20,970,000 | $-42,743,000 | $40,543,451 | $76,047,785 |
| Capital Lease Obligations | $22,393,000 | $974,000 | $8,841,138 | $10,125,094 |
| Total Capitalization | $58,471,000 | $-40,823,000 | $83,112,171 | $108,586,931 |
| Additional Paid In Capital | $362,055,000 | $214,063,000 | $834,679,279 | $736,070,388 |
| Capital Stock | $10,000 | $51,000 | $1,143 | $165,605 |
| Common Stock | $10,000 | $9,000 | $1,143 | $165,605 |
| Preferred Stock | $0 | $42,000 | $0 | $0 |
| Long Term Capital Lease Obligation | $18,777,000 | $86,000 | $5,280,526 | $8,840,062 |
| Current Deferred Revenue | $1,615,000 | $823,000 | $4,714,331 | $3,375,000 |
| Current Capital Lease Obligation | $3,616,000 | $888,000 | $3,560,612 | $1,285,032 |
| Current Provisions | $3,183,000 | $1,519,000 | $1,902,647 | $2,207,674 |
| Current Accrued Expenses | $10,856,000 | $2,814,000 | $2,437,018 | $35,000,000 |
| Goodwill | $3,130,000 | $0 | - | - |
| Net PPE | $44,342,000 | $3,094,000 | $47,672,936 | $33,207,898 |
| Accumulated Depreciation | $-4,115,000 | $-3,875,000 | $-9,161,522 | $-5,441,218 |
| Gross PPE | $48,457,000 | $6,969,000 | $56,834,458 | $38,649,116 |
| Leases | $420,000 | $389,000 | - | - |
| Construction In Progress | $249,000 | $426,000 | $1,104,010 | $9,027,020 |
| Other Properties | $27,504,000 | $1,461,000 | $17,840,544 | $12,396,089 |
| Machinery Furniture Equipment | $20,284,000 | $4,693,000 | $23,081,818 | $8,183,089 |
| Properties | $0 | $0 | $0 | $0 |
| Inventories Adjustments Allowances | $-19,031,000 | $-5,822,000 | $-8,476,290 | $-59,162,512 |
| Finished Goods | $6,793,000 | $6,259,000 | $18,309,829 | $301,645 |
| Work In Process | $1,341,000 | $886,000 | $2,892,329 | $25,210,131 |
| Raw Materials | $49,962,000 | $20,080,000 | $32,682,324 | $42,500,878 |
| Pensionand Other Post Retirement Benefit Plans Current | - | $4,507,561 | $2,083,808 | $4,967,187 |
| Buildings And Improvements | - | $12,751,981 | $12,677,544 | $8,167,736 |
| Land And Improvements | - | $2,130,542 | $2,130,542 | $875,182 |
| Treasury Shares Number | - | - | $0 | - |
| Non Current Deferred Revenue | - | - | $0 | $2,005,000 |
| Investments And Advances | - | - | $0 | $10,000,000 |
Fetched: 2026-08-29
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-36,156,000 | $-42,915,000 | $-141,711,500 | $-111,315,459 |
| Operating Activities | ||||
| Operating Cash Flow | $-35,553,000 | $-38,154,000 | $-123,024,049 | $-93,818,664 |
| Cash Flow From Continuing Operating Activities | $-35,553,000 | $-38,154,000 | $-123,024,049 | $-93,818,664 |
| Operating Gains Losses | $232,000 | $5,778,660 | - | $379,406 |
| Investing Activities | ||||
| Capital Expenditure | $-603,000 | $-4,761,000 | $-18,687,451 | $-17,496,795 |
| Investing Cash Flow | $9,827,000 | $-4,761,000 | $-18,687,451 | $-20,019,519 |
| Cash Flow From Continuing Investing Activities | $9,827,000 | $-4,761,000 | $-18,687,451 | $-20,019,519 |
| Capital Expenditure Reported | $-603,000 | $-4,761,000 | $-18,687,451 | $-17,496,795 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $0 | $250,000 | $62,155,939 | $12,884,243 |
| Financing Cash Flow | $32,017,000 | $45,286,000 | $78,281,114 | $11,467,090 |
| Cash Flow From Continuing Financing Activities | $32,017,000 | $45,286,000 | $78,281,114 | $11,467,090 |
| Net Other Financing Charges | $10,000,000 | - | - | $-857,516 |
| Net Preferred Stock Issuance | $0 | $250,000 | - | $0 |
| Preferred Stock Issuance | $0 | $250,000 | - | - |
| Net Common Stock Issuance | - | $7,344,487 | $62,155,939 | $12,884,243 |
| Common Stock Issuance | - | $7,344,487 | $62,155,939 | $12,884,243 |
| Repurchase Of Capital Stock | - | - | - | $0 |
| Dividend Received Cfo | - | - | - | $0 |
| Other | ||||
| Repayment Of Debt | $0 | $-2,000 | $-879,444 | $-857,516 |
| Issuance Of Debt | $22,000,000 | $45,000,000 | $17,500,000 | $0 |
| Interest Paid Supplemental Data | $0 | $0 | - | - |
| Income Tax Paid Supplemental Data | $1,000 | $1,000 | - | - |
| End Cash Position | $12,920,000 | $6,629,000 | $35,845,915 | $99,276,301 |
| Beginning Cash Position | $6,629,000 | $4,258,000 | $99,276,301 | $201,647,394 |
| Changes In Cash | $6,291,000 | $2,371,000 | $-63,430,386 | $-102,371,093 |
| Proceeds From Stock Option Exercised | $17,000 | $38,000 | $-495,381 | $-559,637 |
| Net Issuance Payments Of Debt | $22,000,000 | $44,998,000 | $16,620,556 | $-857,516 |
| Net Short Term Debt Issuance | $22,000,000 | $45,000,000 | - | - |
| Short Term Debt Issuance | $22,000,000 | $45,000,000 | - | - |
| Net Long Term Debt Issuance | $0 | $-2,000 | $16,620,556 | $-857,516 |
| Long Term Debt Payments | $0 | $-2,000 | $-879,444 | $-857,516 |
| Net Business Purchase And Sale | $10,430,000 | $0 | $0 | $-5,000,000 |
| Sale Of Business | $10,430,000 | $0 | - | - |
| Change In Working Capital | $22,186,000 | $1,976,000 | $-43,066,285 | $-12,008,582 |
| Change In Other Current Liabilities | $-632,000 | $-675,000 | $-305,027 | $-2,376,242 |
| Change In Payables And Accrued Expense | $16,738,000 | $6,816,000 | $-2,227,029 | $33,676,050 |
| Change In Accrued Expense | $14,691,000 | $7,829,000 | - | - |
| Change In Payable | $2,047,000 | $-1,013,000 | $-2,227,029 | $33,676,050 |
| Change In Account Payable | $2,047,000 | $-1,013,000 | $-2,227,029 | $33,676,050 |
| Change In Prepaid Assets | $1,178,000 | $-644,000 | $-890,626 | $-9,665,250 |
| Change In Inventory | $4,849,000 | $-5,037,000 | $-39,294,091 | $-16,629,172 |
| Change In Receivables | $53,000 | $1,516,000 | $-349,512 | $-16,929,567 |
| Changes In Account Receivables | $53,000 | $1,516,000 | $-349,512 | $-16,929,567 |
| Other Non Cash Items | $810,000 | $593,000 | $7,677,425 | $3,962,312 |
| Stock Based Compensation | $678,000 | $555,000 | $13,422,135 | $11,460,211 |
| Unrealized Gain Loss On Investment Securities | $-1,038,000 | $0 | - | $0 |
| Provisionand Write Offof Assets | $4,430,000 | $3,248,000 | $8,798,690 | $17,716,995 |
| Asset Impairment Charge | $0 | $6,246,000 | $10,000,000 | $0 |
| Depreciation Amortization Depletion | $1,235,000 | $816,000 | $4,063,175 | $1,945,212 |
| Depreciation And Amortization | $1,235,000 | $816,000 | $4,063,175 | $1,945,212 |
| Net Income From Continuing Operations | $-64,086,000 | $-51,588,000 | $-123,919,189 | $-117,274,218 |
| Long Term Debt Issuance | - | $34,112,500 | $17,500,000 | $0 |
| Gain Loss On Investment Securities | - | $5,778,660 | - | - |
| Purchase Of Business | - | - | $0 | $-5,000,000 |
| Net PPE Purchase And Sale | - | - | $0 | $2,477,276 |
| Sale Of PPE | - | - | $0 | $2,477,276 |
| Change In Other Working Capital | - | - | $-180,000 | $-1,876,242 |
| Change In Other Current Assets | - | - | $0 | $-84,401 |
| Depreciation | - | - | $4,063,175 | $1,945,212 |
| Gain Loss On Sale Of PPE | - | - | $0 | $379,406 |
| Preferred Stock Payments | - | - | - | $0 |
| Net Investment Purchase And Sale | - | - | - | $-5,000,000 |
| Sale Of Investment | - | - | - | $0 |
| Purchase Of Investment | - | - | - | $-5,000,000 |
| Deferred Tax | - | - | - | $0 |
| Deferred Income Tax | - | - | - | $0 |
| Gain Loss On Sale Of Business | - | - | - | - |
Fetched: 2026-08-29