WKHS
Workhorse Group Inc
NASDAQ: WKHS · CONSUMER CYCLICAL · AUTO MANUFACTURERS
$2.90
+23.93% today
Updated 2026-04-30
Market cap
$25.29M
P/E ratio
—
P/S ratio
1.19x
EPS (TTM)
$-6.76
Dividend yield
—
52W range
$2 – $67
Volume
0.1M
Workhorse Group Inc (WKHS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $140707.00 | $190035.00 | $272098.00 | $177500.00 | $177500.00 | $139980.00 | $6.41M | $10.85M | $763173.00 | $376562.00 | $1.39M | $-851922.00 | $5.02M | $13.09M | $6.62M | $21.21M |
| Revenue growth (YoY) | — | — | — | — | +35.1% | +43.2% | -34.8% | +0.0% | -21.1% | +4482.7% | +69.1% | -93.0% | -50.7% | +269.8% | -161.2% | +689.6% | +160.7% | -49.5% | +220.6% |
| Cost of revenue | — | — | $52153.00 | $304377.00 | $162928.00 | $152806.00 | $161000.00 | $6.00M | $8.23M | $13.58M | $24.52M | $15.95M | $5.84M | $13.07M | $125.69M | $37.67M | $38.35M | $28.84M | $30.77M |
| Gross profit | — | — | $-52153.00 | $-163670.00 | $27107.00 | $119292.00 | $16501.00 | $177500.00 | $139980.00 | $-7.16M | $-13.67M | $-15.19M | $-5.47M | $-11.67M | $-126.54M | $-32.65M | $-25.26M | $-22.23M | $-9.55M |
| Gross margin | — | — | — | -116.3% | 14.3% | 43.8% | 9.3% | 100.0% | 100.0% | -111.7% | -126.0% | -1990.4% | -1452.2% | -838.4% | 14853.6% | -650.0% | -192.9% | -335.9% | -45.0% |
| R&D | — | — | — | — | $264415.00 | $57786.00 | $211833.00 | $3.44M | $4.74M | $6.15M | $18.06M | $7.39M | $8.20M | $9.15M | $11.61M | $23.21M | $24.47M | $9.15M | $13.16M |
| SG&A | $1800.00 | $24476.00 | $1.43M | $5.09M | $5.29M | $3.72M | $5.24M | $2.95M | $3.86M | $6.20M | $10.33M | $11.49M | $10.20M | $20.16M | $40.16M | $72.22M | $53.47M | $41.61M | $24.72M |
| Operating income | $-1800.00 | $-24476.00 | $1.53M | $5.02M | $-8.70M | $4.04M | $5.83M | $6.21M | $8.46M | $19.51M | $42.06M | $-34.07M | $-8.02M | $-40.98M | $-185.11M | $-129.08M | $-105.30M | $-73.89M | $-47.44M |
| Operating margin | — | — | — | 3567.4% | -4575.5% | 1485.3% | 3282.5% | 3498.4% | 6044.4% | 304.2% | 387.8% | -4463.9% | -2129.0% | -2943.0% | 21729.1% | -2569.8% | -804.1% | -1116.7% | -223.7% |
| EBITDA | $-1800.00 | $-24476.00 | $-1.49M | $-4.97M | $-8.64M | $-3.98M | $-5.53M | $-5.82M | $-8.09M | $-19.13M | $-40.49M | $-33.72M | $-7.63M | $-40.17M | $-176.40M | $-127.14M | $-100.34M | $-71.76M | $-46.20M |
| EBITDA margin | — | — | — | -3535.1% | -4545.0% | -1462.0% | -3117.0% | -3279.8% | -5779.2% | -298.2% | -373.3% | -4418.3% | -2025.9% | -2884.8% | 20706.5% | -2531.1% | -766.2% | -1084.5% | -217.8% |
| EBIT | $-1800.00 | $-24476.00 | $-1.52M | $-5.01M | $-8.70M | $-4.04M | $-5.85M | $-6.21M | $-8.46M | $-19.51M | $-41.04M | $-34.07M | $-8.02M | $-40.98M | $-178.31M | $-129.08M | $-104.40M | $-79.67M | $-47.44M |
| Interest expense | $0.00 | $0.00 | $736.00 | $13199.00 | $10585.00 | $230887.00 | $258261.00 | $398963.00 | $965884.00 | $44036.00 | $180437.00 | $2.43M | $29.15M | $12.53M | $6.74M | $332707.00 | $8.73M | $22.24M | $17.42M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-1800.00 | $-24476.00 | $-1.52M | $-5.03M | $-8.71M | $-4.27M | $-6.11M | $-6.61M | $-9.43M | $-19.56M | $-42.24M | $-36.50M | $-65.92M | $69.78M | $-401.34M | $-117.27M | $-123.92M | $-101.79M | $-64.09M |
| Net income growth (YoY) | — | -1259.8% | -6130.3% | -229.7% | -73.1% | +50.9% | -43.0% | -8.2% | -42.6% | -107.4% | -116.0% | +13.6% | -80.6% | +205.9% | -675.2% | +70.8% | -5.7% | +17.9% | +37.0% |
| Profit margin | — | — | — | -3573.5% | -4581.1% | -1570.2% | -3442.6% | -3723.2% | -6734.4% | -304.9% | -389.4% | -4783.0% | -17505.8% | 5010.8% | 47110.5% | -2334.7% | -946.3% | -1538.5% | -302.1% |