WKHS
Workhorse Group Inc.
NASDAQ · Consumer Cyclical · Auto - Manufacturers · US
$3.09
−1.59%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 22.8M | 21.2M | 6.6M | 13.1M | 5.0M |
| Cost of Revenue | 35.4M | 30.8M | 28.8M | 38.4M | 37.7M |
| Gross Profit | (12.6M) | (9.6M) | (22.2M) | (25.3M) | (32.6M) |
| Operating Expenses | |||||
| R&D Expense | 18.6M | 13.2M | 9.1M | 24.5M | 23.2M |
| SG&A Expense | 21.7M | 24.7M | 42.5M | 54.7M | 73.2M |
| General & Admin Expense | 7.8M | — | 41.6M | 53.5M | 72.2M |
| Selling & Marketing Expense | — | — | 900.0K | 1.2M | 1.0M |
| Other Expenses | 7.8M | — | — | 900.0K | — |
| Total Operating Expenses | 48.0M | 37.9M | 51.7M | 80.0M | 96.4M |
| Cost and Expenses | 83.4M | 68.7M | 80.5M | 118.4M | 134.1M |
| Operating Income (EBIT) | (60.6M) | (47.4M) | (73.9M) | (105.3M) | (129.1M) |
| Non-Operating | |||||
| Interest Income | — | — | — | — | 264.7K |
| Interest Expense | 12.0M | 17.4M | 22.2M | 8.7M | 332.7K |
| Net Interest Income | (12.0M) | (17.4M) | (22.2M) | (8.7M) | (68.0K) |
| Other Non-Op Income/Expense | (8.1M) | (16.6M) | (28.0M) | (18.5M) | 11.8M |
| Non-Operating Income (excl Interest) | (4.5M) | (779.0K) | 5.8M | (900.0K) | (12.1M) |
| EBT (Pre-Tax Income) | (68.7M) | (64.1M) | (101.9M) | (123.8M) | (117.3M) |
| Income Tax Expense | (30.0K) | 4.0K | (117.1K) | 110.5K | — |
| Bottom Line | |||||
| Net Income | (68.7M) | (64.1M) | (101.8M) | (123.9M) | (117.3M) |
| Earnings from Cont. Ops | (68.7M) | (64.1M) | (101.8M) | (123.9M) | (117.3M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (68.7M) | (64.1M) | (101.8M) | (123.9M) | (117.3M) |
| Per Share | |||||
| Basic EPS | ($6.50) | ($6.76) | ($51.69) | ($149.45) | ($184.88) |
| Diluted EPS | ($6.50) | ($6.76) | ($51.69) | ($149.45) | ($184.88) |
| Revenue Per Share | $2.10 | $2.24 | $3.36 | $15.79 | $7.92 |
| Shares | |||||
| Basic Shares Outstanding | 10.9M | 9.5M | 2.0M | 829172 | 634305 |
| Diluted Shares Outstanding | 10.9M | 9.5M | 2.0M | 829172 | 634305 |
| Profitability Metrics | |||||
| EBITDA | (52.3M) | (45.4M) | (71.8M) | (100.3M) | (115.0M) |
| D&A | 3.8M | 1.2M | 7.9M | 4.1M | 1.9M |
| EBIT | (56.1M) | (46.7M) | (79.7M) | (104.4M) | (116.9M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026