WKHS

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Workhorse Group, Inc.

Cyclical demand Physical products Sells to businessesTags from an AI model reading the company description.

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Key Metrics

Previous Close: $2.97
52-Week Range: $2.31 – $14.16
Market Cap: $32.35M
P/E (TTM): —
EPS (TTM): -6.61
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 1.18
PEG Ratio: —
Return on Equity: —
Return on Assets: -53.11%
Gross Margin: -81.13%
Operating Margin: -545.20%
Profit Margin: -289.04%
Current Ratio: 1.27
Debt/Equity: 10.61
Total Debt: $76.13M
Free Cash Flow: $-40.50M
Revenue Growth: 374.90%
Earnings Growth: —
Enterprise Value: $98.96M

WKHS Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$5.02M	$13.09M	$7.04M	$21.21M
Cost of Revenue	$37.67M	$38.35M	$13.19M	$30.77M
Gross Profit	-$32.65M	-$25.26M	-$6.15M	-$9.55M
Research & Development	$23.21M	$24.47M	$12.89M	$13.16M
Selling, General & Admin	$73.22M	$55.57M	$16.05M	$24.72M
Operating Expenses	$96.43M	$80.04M	$28.94M	$37.88M
Operating Income	-$129.08M	-$105.30M	-$35.08M	-$47.44M
EBITDA	-$113.49M	-$111.24M	-$34.27M	-$46.20M
Pretax Income	-$117.27M	-$124.03M	-$51.59M	-$64.08M
Income Tax	$0.00	-$110.52K	$1.00K	$4.00K
Net Income	-$117.27M	-$123.92M	-$51.59M	-$64.09M
Diluted EPS	-2220.00	-1793.40	-620.28	-6.76
Diluted Shares	52858	69097	164107	9.47M

WKHS Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$99.28M	$25.85M	$6.47M	$12.24M
Receivables	$17.08M	$4.47M	$3.59M	$3.89M
Inventory	$8.85M	$45.41M	$21.40M	$39.06M
Current Assets	$139.36M	$93.83M	$34.17M	$59.82M
Total Assets	$182.74M	$141.67M	$37.41M	$117.89M
Current Liabilities	$63.31M	$53.28M	$76.92M	$38.85M
Long-Term Debt	—	—	—	$15.43M
Total Debt	$10.13M	$29.02M	$69.34M	$37.82M
Total Liabilities	$74.16M	$58.56M	$78.23M	$74.85M
Retained Earnings	-$627.65M	-$751.57M	-$254.94M	-$319.02M
Shareholders' Equity	$108.59M	$83.11M	-$40.82M	$43.04M
Working Capital	$76.05M	$40.54M	-$42.74M	$20.97M
Net Debt	—	—	$61.89M	$3.19M

WKHS Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$93.82M	-$123.02M	-$38.15M	-$35.55M
Capital Expenditure	-$17.50M	-$18.69M	-$4.76M	-$603.00K
Free Cash Flow	-$111.32M	-$141.71M	-$42.91M	-$36.16M
Depreciation & Amortisation	$1.95M	$4.06M	$816.00K	$1.24M
Stock-Based Compensation	$11.46M	$13.42M	$555.00K	$678.00K
Investing Cash Flow	-$20.02M	-$18.69M	-$4.76M	$9.83M
Financing Cash Flow	$11.47M	$78.28M	$45.29M	$32.02M
Share Repurchases	$0.00	—	—	—
Net Change in Cash	-$102.37M	-$63.43M	$2.37M	$6.29M

WKHS Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$1.15M	$750.00K	$2.38M	$12.52M	$4.33M	$3.56M
Cost of Revenue	$2.22M	$2.11M	$10.09M	$2.46M	$11.81M	$11.03M
Gross Profit	-$1.08M	-$1.36M	-$7.71M	$10.06M	-$7.48M	-$7.47M
Research & Development	$3.66M	$3.20M	$1.08M	$9.31M	$4.07M	$4.11M
Selling, General & Admin	$4.34M	$4.47M	$7.77M	$4.32M	$9.54M	$7.84M
Operating Expenses	$8.00M	$7.67M	$8.85M	$13.63M	$13.61M	$11.95M
Operating Income	-$9.08M	-$9.03M	-$16.56M	-$3.57M	-$21.10M	-$19.42M
EBITDA	-$8.88M	-$8.83M	-$2.47M	-$10.19M	-$17.55M	-$17.79M
Pretax Income	-$12.66M	-$12.85M	-$7.83M	-$20.83M	-$19.92M	-$20.17M
Income Tax	$0.00	$0.00	$0.00	$4.00K	-$34.00K	$0.00
Net Income	-$12.66M	-$12.85M	-$7.83M	-$20.83M	-$19.88M	-$20.17M
Diluted EPS	-56.16	-1.38	-0.50	-2.46	-1.99	-1.86
Diluted Shares	367432	9.33M	15.54M	9.63M	10.01M	10.85M

WKHS Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$2.64M	$2.19M	$12.73M	$12.24M	$600.00K	$9.63M
Receivables	$166.78K	$2.51M	$2.61M	$3.89M	$3.42M	$2.28M
Inventory	$41.31M	$32.76M	$30.00M	$39.06M	$37.27M	$38.17M
Current Assets	$77.54M	$63.69M	$72.96M	$59.82M	$47.03M	$56.49M
Total Assets	$115.48M	$99.25M	$116.74M	$117.89M	$102.74M	$110.14M
Current Liabilities	$80.39M	$73.48M	$60.43M	$38.85M	$38.30M	$44.29M
Long-Term Debt	—	—	$5.15M	$15.43M	$15.68M	$35.91M
Total Debt	$50.70M	$44.54M	$54.06M	$37.82M	$42.91M	$76.13M
Total Liabilities	$84.09M	$76.91M	$84.67M	$74.85M	$76.54M	$102.96M
Retained Earnings	-$874.00M	-$888.78M	-$896.61M	-$319.02M	-$338.90M	-$359.08M
Shareholders' Equity	$31.39M	$22.35M	$32.07M	$43.04M	$26.19M	$7.18M
Working Capital	-$2.84M	-$9.79M	$12.53M	$20.97M	$8.73M	$12.20M
Net Debt	$42.60M	$37.33M	$19.54M	$3.19M	$20.08M	$44.54M

WKHS Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$12.49M	-$9.23M	-$3.30M	-$10.54M	-$16.52M	-$24.08M
Capital Expenditure	-$168.00K	-$102.00K	—	—	-$125.00K	-$145.00K
Free Cash Flow	-$12.65M	-$9.33M	-$3.03M	-$11.14M	-$16.64M	-$24.22M
Depreciation & Amortisation	$197.00K	$198.00K	$5.19M	-$4.35M	$2.02M	$1.63M
Stock-Based Compensation	$106.00K	$106.00K	$1.36M	-$890.81K	$0.00	$0.00
Investing Cash Flow	-$168.00K	-$102.00K	$19.74M	-$9.64M	-$125.00K	-$145.00K
Financing Cash Flow	$10.00M	$8.00M	$21.10M	-$7.08M	$5.00M	$33.25M
Net Change in Cash	-$2.65M	-$1.33M	$37.54M	-$27.27M	-$11.64M	$9.03M

Market Snapshot

About

Workhorse Group, Inc. is a technology company focused on providing sustainable and cost-effective solutions to the commercial transportation sector. The company designs and manufactures battery-electric vehicles and aircraft for the last-mile delivery industry. Workhorse also develops advanced drone delivery systems and vehicle technologies.