Workhorse Group (WKHS) Financials: History & Chart

Workhorse Group Inc.(WKHS)

Auto - Manufacturers · Wixom, MI

$2.95Daily change unavailable

Delayed quote: Oct 6, 2026, 3:43 PM EDT

About Workhorse Group Inc.

Workhorse Group, Inc. designs and manufactures electric trucks and related fleet charging solutions. The company provides electric trucks for medium-duty fleet applications, including the Argo electric truck and Argo chassis, which integrate proprietary battery, drivetrain, and cab systems. It offers the Argo LFP battery with control signals, multiple pack configurations, and a range suitable for maximum gross vehicle weight, as well as six-phase motors and drivetrain systems that deliver torque and acceleration comparable to traditional engines. Solutions include real-time control software for power management, over-the-air updates, remote diagnostics, and tuning tools to enhance fleet uptime and performance. The company supplies fleet charging solutions, supports customized body builders with various charge port locations and high-voltage accessories, and incorporates safety and ergonomic features for drivers. Additional services include ongoing support for electrification, remote monitoring, and assistance with vehicle integration and fleet management, serving fleet operators and industries with specialized commercial vehicle requirements. The company was founded in 2009 and is based in Foster City, California.

Wixom, MI

148 employees

www.motivtrucks.com

Consumer Cyclical / Auto - Manufacturers

Sector: Consumer Cyclical
Industry: Auto - Manufacturers
CEO: Scott W. Griffith

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Financials

SEC Filings

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	22.79M	3.56M	4.33M	12.52M	2.38M	5.67M	641K	1.92M	2.51M
Cost of Goods Sold	35.39M	11.03M	11.81M	2.46M	10.09M	13.05M	5.16M	7.46M	6.64M
Gross Profit	-12.60M	-7.47M	-7.48M	10.06M	-7.71M	-7.38M	-4.52M	-5.53M	-4.13M
Gross Profit Margin	-55.3%	-209.8%	-172.8%	80.4%	-323.2%	-130.2%	-705.8%	-287.3%	-164.7%
Total Operating Expenses	48.04M	11.95M	13.61M	13.63M	8.85M	7.09M	8.31M	9.94M	10.04M
Research & Development	18.56M	4.11M	4.07M	9.31M	1.08M	1.25M	1.53M	1.31M	2.31M
Selling, General & Administrative	21.71M	7.84M	9.54M	4.32M	0.00	0.00	0.00	8.63M	7.72M
Operating Income (EBIT)	-60.65M	-19.42M	-21.10M	-3.57M	-16.56M	-14.47M	-12.84M	-15.47M	-14.17M
Operating Margin	-266.1%	-545.2%	-487.3%	-28.6%	-694.2%	-255.3%	-2002.9%	-803.9%	-564.5%
Income Before Tax (EBT)	-68.74M	-20.17M	-19.92M	-20.83M	-7.83M	-14.78M	-20.64M	-21.06M	-25.14M
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	12.03M	800K	-354K	11.42M	168K	582K	5.25M	7.13M	8.32M
Other Income/Expense	-8.10M	-751K	1.18M	-17.25M	8.73M	-308K	-7.81M	-5.59M	-10.97M
Net Income	-68.71M	-20.17M	-19.88M	-20.83M	-7.83M	-14.78M	-20.64M	-21.18M	-25.14M
Income Tax Expense	-30K	0.00	-34K	4K	0.00	0.00	0.00	117K	0.00
Net Profit Margin	-301.5%	-566.3%	-459.3%	-166.5%	-328.2%	-260.7%	-3221.0%	-1100.3%	-1001.5%
EBITDA	-55.21M	-17.79M	-19.08M	-3.57M	-14.77M	-12.65M	-10.85M	-13.53M	-12.23M
EBITDA Margin	-242.2%	-499.3%	-440.8%	-28.6%	-619.3%	-223.2%	-1693.5%	-702.6%	-487.2%
Depreciation & Amortization	5.43M	1.63M	2.02M	0.00	1.78M	1.82M	1.98M	1.95M	1.94M
EPS Basic	-6.50	-1.86	-1.99	-2.15	-0.50	-1.67	-4.68	-10.75	-12.28
EPS Diluted	-6.50	-1.86	-1.99	-2.15	-0.50	-1.67	-4.68	-10.75	-12.28
Weighted Average Basic Shares	10.85M	10.85M	10.01M	9.63M	15.54M	8.83M	4.41M	1.97M	2.05M
Weighted Average Diluted Shares	10.85M	10.85M	10.01M	9.63M	15.54M	8.83M	4.41M	1.97M	2.05M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	21.21M	6.62M	13.09M	5.02M	-852K	1.39M	377K	763K
Cost of Goods Sold	30.77M	28.84M	38.35M	37.67M	125.69M	13.07M	5.84M	15.95M
Gross Profit	-9.55M	-22.23M	-25.26M	-32.65M	-126.54M	-11.67M	-5.47M	-15.19M
Gross Profit Margin	-45.0%	-335.9%	-192.9%	-650.0%	14853.6%	-838.4%	-1452.2%	-1990.4%
Total Operating Expenses	37.88M	51.66M	80.04M	96.43M	58.57M	29.31M	18.40M	18.88M
Research & Development	13.16M	9.15M	24.47M	23.21M	11.61M	9.15M	8.20M	7.39M
Selling, General & Administrative	24.72M	42.51M	54.67M	73.22M	0.00	0.00	0.00	11.49M
Operating Income (EBIT)	-47.44M	-73.89M	-105.30M	-129.08M	-185.11M	-40.98M	-23.87M	-34.07M
Operating Margin	-223.7%	-1116.7%	-804.1%	-2569.8%	21729.1%	-2943.0%	-6338.1%	-4463.9%
Income Before Tax (EBT)	-64.08M	-101.91M	-123.81M	-117.27M	-423.19M	91.61M	-37.16M	-36.50M
Interest Income	N/A	N/A	N/A	265K	N/A	N/A	N/A	N/A
Interest Expense	17.42M	22.24M	8.73M	333K	6.74M	12.53M	6.60M	2.43M
Other Income/Expense	-16.64M	-28.02M	-18.51M	11.81M	-238.08M	132.59M	-13.30M	-2.43M
Net Income	-64.09M	-101.79M	-123.92M	-117.27M	-401.34M	69.78M	-37.16M	-36.50M
Income Tax Expense	4K	-117K	111K	0.00	-21.85M	21.83M	0.00	0.00
Net Profit Margin	-302.1%	-1538.5%	-946.3%	-2334.7%	47110.5%	5010.8%	-9869.0%	-4783.0%
EBITDA	-46.20M	-65.98M	-101.24M	-127.14M	-183.21M	-40.17M	-23.48M	-33.72M
EBITDA Margin	-217.8%	-997.2%	-773.1%	-2531.1%	21505.1%	-2884.8%	-6235.0%	-4418.3%
Depreciation & Amortization	1.24M	7.91M	4.06M	1.95M	1.91M	810K	388K	348K
EPS Basic	-6.76	-51.69	-149.45	-184.88	-779.76	187.83	-144.79	-184.94
EPS Diluted	-6.76	-51.69	-149.45	-184.88	-779.76	174.53	-144.79	-184.94
Weighted Average Basic Shares	9.47M	1.97M	829K	634K	515K	371K	257K	202K
Weighted Average Diluted Shares	9.47M	1.97M	829K	634K	515K	400K	257K	202K

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.