Workhorse Group, Inc. (WKHS)
NASDAQ: WKHS · Real-Time Price · USD
2.420
-0.130 (-5.10%)
At close: Apr 28, 2026, 4:00 PM EDT
2.446
+0.026 (1.06%)
After-hours: Apr 28, 2026, 7:25 PM EDT
Workhorse Group Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| FY 2025 | FY 2024 | FY 2023 | FY 2020 | FY 2019 |
| Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 |
| Revenue | 21.21 | 7.04 | 16.88 | 1.39 | 0.38 |
| Revenue Growth (YoY) | 201.12% | -58.28% | 1112.53% | 269.80% | - |
| Cost of Revenue | 30.77 | 13.19 | 29.48 | 13.07 | 5.84 |
| Gross Profit | -9.56 | -6.15 | -12.59 | -11.67 | -5.47 |
| Selling, General & Admin | 18.22 | 16.05 | 16.5 | 20.16 | 10.2 |
| Research & Development | 13.16 | 12.89 | 13.51 | 9.15 | 8.2 |
| Other Operating Expenses | - | - | - | -323.11 | -15.85 |
| Operating Expenses | 31.39 | 28.94 | 30.01 | -293.81 | 2.55 |
| Operating Income | -40.94 | -35.08 | -42.6 | 282.13 | -8.02 |
| Interest Expense | -17.42 | -10.26 | -5.05 | -190.52 | -29.15 |
| Other Non Operating Income (Expenses) | -0.06 | 0 | 0.06 | - | - |
| EBT Excluding Unusual Items | -58.42 | -45.34 | -47.6 | 91.61 | -37.16 |
| Merger & Restructuring Charges | -5.46 | -6.25 | - | - | - |
| Gain (Loss) on Sale of Assets | -0.2 | - | - | - | - |
| Other Unusual Items | - | - | 0.76 | - | - |
| Pretax Income | -64.08 | -51.59 | -46.84 | 91.61 | -37.16 |
| Income Tax Expense | 0 | 0 | 0 | 21.83 | - |
| Net Income | -64.09 | -51.59 | -46.84 | 69.78 | -37.16 |
| Net Income to Common | -64.09 | -51.59 | -46.84 | 69.78 | -37.16 |
| Shares Outstanding (Basic) | 9 | 5 | - | - | - |
| Shares Outstanding (Diluted) | 9 | 5 | - | - | - |
| Shares Change (YoY) | 73.28% | - | - | - | - |
| EPS (Basic) | -6.76 | -9.43 | - | - | - |
| EPS (Diluted) | -6.76 | -9.43 | - | - | - |
| Free Cash Flow | -36.16 | -42.92 | -42.09 | - | - |
| Free Cash Flow Per Share | -3.82 | -7.85 | - | - | - |
| Gross Margin | -45.05% | -87.25% | -74.59% | - | - |
| Operating Margin | -193.01% | -498.07% | -252.33% | 20260.46% | -2129.03% |
| Profit Margin | -302.14% | -732.37% | -277.41% | 5010.81% | -9868.98% |
| Free Cash Flow Margin | -170.46% | -609.24% | -249.25% | - | - |
| EBITDA | -39.71 | -34.27 | -41.83 | - | - |
| EBITDA Margin | -187.19% | - | -247.73% | - | - |
| D&A For EBITDA | 1.24 | 0.82 | 0.78 | - | - |
| EBIT | -40.94 | -35.08 | -42.6 | 282.13 | -8.02 |
| EBIT Margin | -193.01% | - | -252.33% | 20260.46% | - |
| Effective Tax Rate | - | - | - | 23.83% | - |
| Advertising Expenses | 0.8 | 1.3 | - | - | - |
Source: S&P Capital IQ. Standard template.
Financial Sources.