WKHS
Workhorse Group, Inc.
Price Chart
Latest Quote
$3.28
-0.17 (-4.93%)
Current Price
| Previous Close | $3.45 |
| Open | $3.41 |
| Day High | $3.58 |
| Day Low | $3.18 |
| Volume | 133,100 |
Stock Information
| Shares Outstanding | 10.89M |
| Total Debt | $27.91M |
| Cash Equivalents | $600K |
| Revenue | $24.39M |
| Net Income | $-71.31M |
| Sector | Consumer Cyclical |
| Industry | Auto Manufacturers |
| Market Cap | $35.73M |
| EPS (TTM) | $-7.39 |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $63.04M |
| Sales | $24.39M |
| Income | $-71.31M |
| Book/sh | $4.44 |
| Cash/sh | $0.06 |
| Employees | 148 |
Financial Ratios
| Quick Ratio | 0.10 |
| Current Ratio | 1.23 |
| Debt/Eq | 106.54 |
Returns & Margins
| ROA | -29.36% |
| ROE | -247.68% |
| Gross Margin | -58.43% |
| Operating Margin | -447.98% |
| Profit Margin | -292.32% |
Ownership
| Insider Ownership | 60.89% |
| Institutional Ownership | 6.97% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | -1.67 |
| P/S | 1.46 |
| P/B | 0.74 |
Analyst Data
| Recommendation | hold |
| Target Price | $3.00 |
Technical Indicators
| SMA20 | $3.46 |
| SMA50 | $3.08 |
| SMA200 | $7.27 |
| RSI | 54.66 |
| ATR | 0.3673 |
| Shares Float | 3.98M |
| Short Float | 9.12% |
| Short Ratio | 1.36 |
| Rel Volume | 0.66 |
Performance History
| Week | -14.36% |
| Month | -19.41% |
| Quarter | -4.65% |
| 6 Months | -69.60% |
| YTD | -41.01% |
| Year | -70.19% |
| 3 Years | -99.87% |
| 5 Years | -99.99% |
| 10 Years | -99.99% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-05 | $3.28 | 133,400 |
| 2026-06-04 | $3.45 | 193,000 |
| 2026-06-03 | $3.59 | 99,800 |
| 2026-06-02 | $3.72 | 107,200 |
| 2026-06-01 | $3.75 | 148,100 |
| 2026-05-29 | $3.83 | 435,200 |
| 2026-05-28 | $4.56 | 660,200 |
| 2026-05-27 | $3.70 | 175,800 |
| 2026-05-26 | $3.40 | 140,000 |
| 2026-05-22 | $3.19 | 134,000 |
| 2026-05-21 | $3.17 | 99,300 |
| 2026-05-20 | $3.03 | 91,300 |
| 2026-05-19 | $2.83 | 148,200 |
| 2026-05-18 | $2.98 | 153,300 |
| 2026-05-15 | $2.98 | 304,000 |
| 2026-05-14 | $3.62 | 305,800 |
| 2026-05-13 | $3.54 | 155,200 |
| 2026-05-12 | $3.42 | 142,700 |
| 2026-05-11 | $3.60 | 287,000 |
| 2026-05-08 | $3.51 | 157,700 |
| 2026-05-07 | $3.63 | 374,100 |
| 2026-05-06 | $4.07 | 909,800 |
About Workhorse Group, Inc.
Workhorse Group, Inc. design and manufacture electric delivery trucks and drone systems solutions. The company provides step vans and stripped chassis; stripped chassis; shuttle bus, school bus, box truck, and work truck; workhorse connect, a remote data management system; telematics and charging infrastructure solutions; after-sales vehicle services; body shop and parts; and assembly services. It markets its products under the Workhorse and Motiv brand names. The company is based in Wixom, Michigan.
đ° Latest News
Workhorse Group Inc. Q1 2026 Earnings Call Summary
Moby âĸ 2026-05-15T12:30:00Z
Workhorse Group Inc (WKHS) Q1 2026 Earnings Call Highlights: Strategic Advances Amid Financial ...
GuruFocus.com âĸ 2026-05-15T05:02:49ZWorkhorse Group (WKHS) Reports Q1 Loss, Lags Revenue Estimates
Zacks âĸ 2026-05-14T22:20:04Z
Workhorse Group Inc (WKHS) Q4 2025 Earnings Call Highlights: Revenue Surge Amidst Merger Integration
GuruFocus.com âĸ 2026-04-01T03:02:10Z5 Top-Ranked Stocks With Rising P/E That Investors Can Bet On
Zacks âĸ 2026-03-31T12:30:00Z
Top Electric & Autonomous Driving Stocks to Invest in Now
Zacks âĸ 2026-01-12T13:31:00Z
Has Workhorse Group (WKHS) Outpaced Other Auto-Tires-Trucks Stocks This Year?
Zacks âĸ 2026-01-06T14:40:03Z
The Zacks Analyst Blog Highlights Blue Bird, Workhorse, QuantumScape and ChargePoint
Zacks âĸ 2025-12-23T15:17:00Z
Bet on These 5 Top-Ranked Stocks With Rising P/E
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4 Stocks Poised to Capitalize on the EV Revolution in 2026
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Period:
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $30,766,000 | $13,190,000 | $38,350,545 | $37,672,308 |
| Cost Of Revenue | $30,766,000 | $13,190,000 | $38,350,545 | $37,672,308 |
| Total Revenue | $21,211,000 | $7,044,000 | $13,094,752 | $5,023,072 |
| Operating Revenue | $21,211,000 | $7,044,000 | $13,094,752 | $5,023,072 |
| Expenses | ||||
| Total Expenses | $68,651,000 | $42,128,000 | $118,393,218 | $134,105,936 |
| Other Income Expense | $779,000 | $-6,243,000 | $-10,000,000 | $13,646,528 |
| Other Non Operating Income Expenses | $779,000 | $3,000 | $-10,000,000 | $13,646,528 |
| Net Non Operating Interest Income Expense | $-17,421,000 | $-10,260,000 | $-8,731,247 | $-1,837,882 |
| Total Other Finance Cost | $17,421,000 | $10,260,000 | - | - |
| Operating Expense | $37,885,000 | $28,938,000 | $80,042,673 | $96,433,628 |
| Interest Expense | - | $22,241,781 | $8,731,247 | $1,837,882 |
| Interest Expense Non Operating | - | $22,241,781 | $8,731,247 | $1,837,882 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-64,086,000 | $-51,588,000 | $-123,919,189 | $-117,274,218 |
| Net Interest Income | $-17,421,000 | $-10,260,000 | $-8,731,247 | $-1,837,882 |
| Normalized Income | $-64,086,000 | $-46,653,660 | $-123,919,189 | $-117,274,218 |
| Net Income From Continuing And Discontinued Operation | $-64,086,000 | $-51,588,000 | $-123,919,189 | $-117,274,218 |
| Total Operating Income As Reported | $-47,440,000 | $-41,330,000 | $-105,298,466 | $-129,082,864 |
| Net Income Common Stockholders | $-64,086,000 | $-51,588,000 | $-123,919,189 | $-117,274,218 |
| Net Income | $-64,086,000 | $-51,588,000 | $-123,919,189 | $-117,274,218 |
| Net Income Including Noncontrolling Interests | $-64,086,000 | $-51,588,000 | $-123,919,189 | $-117,274,218 |
| Net Income Continuous Operations | $-64,086,000 | $-51,588,000 | $-123,919,189 | $-117,274,218 |
| Pretax Income | $-64,082,000 | $-51,587,000 | $-124,029,713 | $-117,274,218 |
| Special Income Charges | $0 | $-6,246,000 | - | $0 |
| Operating Income | $-47,440,000 | $-35,084,000 | $-105,298,466 | $-129,082,864 |
| Gross Profit | $-9,555,000 | $-6,146,000 | $-25,255,793 | $-32,649,236 |
| Per Share | ||||
| Diluted EPS | $-6.76 | $-9.43 | $-1793.40 | $-2220.00 |
| Basic EPS | $-6.76 | $-9.43 | $-1793.40 | $-2220.00 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $-1,311,660 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-46,205,000 | $-28,022,000 | $-111,235,291 | $-113,491,124 |
| Total Unusual Items | $0 | $-6,246,000 | - | $0 |
| Total Unusual Items Excluding Goodwill | $0 | $-6,246,000 | - | $0 |
| Reconciled Depreciation | $1,235,000 | $816,000 | $4,063,175 | $1,945,212 |
| EBITDA (Bullshit earnings) | $-46,205,000 | $-34,268,000 | $-111,235,291 | $-113,491,124 |
| EBIT | $-47,440,000 | $-35,084,000 | $-115,298,466 | $-115,436,336 |
| Diluted Average Shares | $9,475,000 | $5,468,000 | $69,097 | $52,858 |
| Basic Average Shares | $9,475,000 | $5,468,000 | $69,097 | $52,858 |
| Diluted NI Availto Com Stockholders | $-64,086,000 | $-51,588,000 | $-123,919,189 | $-117,274,218 |
| Tax Provision | $4,000 | $1,000 | $-110,524 | $0 |
| Write Off | $0 | $6,246,000 | - | - |
| Gain On Sale Of Security | $1,038,000 | $-5,778,660 | - | - |
| Research And Development | $13,163,000 | $12,891,000 | $24,467,933 | $23,213,540 |
| Selling General And Administration | $24,722,000 | $16,047,000 | $55,574,740 | $73,220,088 |
| Otherunder Preferred Stock Dividend | - | - | - | - |
| Other Special Charges | - | - | - | - |
Fetched: 2026-06-02
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $29,730,000 | $-40,823,000 | $83,112,171 | $108,586,931 |
| Total Assets | $117,892,000 | $37,408,000 | $141,674,724 | $182,742,475 |
| Total Non Current Assets | $58,070,000 | $3,233,000 | $47,849,246 | $43,384,208 |
| Other Non Current Assets | $416,000 | $139,000 | $176,310 | $176,310 |
| Goodwill And Other Intangible Assets | $13,312,000 | $0 | - | - |
| Other Intangible Assets | $10,182,000 | - | - | - |
| Current Assets | $59,822,000 | $34,175,000 | $93,825,478 | $139,358,267 |
| Other Current Assets | $934,000 | $571,000 | $908,997 | $505,401 |
| Restricted Cash | $680,000 | $154,000 | $10,000,000 | $0 |
| Prepaid Assets | $3,014,000 | $1,982,000 | $7,192,165 | $13,647,080 |
| Inventory | $39,065,000 | $21,403,000 | $45,408,192 | $8,850,142 |
| Receivables | $3,889,000 | $3,590,000 | $4,470,209 | $17,079,343 |
| Accounts Receivable | $3,889,000 | $3,590,000 | $2,326,774 | $2,079,343 |
| Allowance For Doubtful Accounts Receivable | $-435,000 | $0 | $-190,724 | $0 |
| Gross Accounts Receivable | $4,324,000 | $3,590,000 | $2,517,498 | $2,079,343 |
| Cash Cash Equivalents And Short Term Investments | $12,240,000 | $6,475,000 | $25,845,915 | $99,276,301 |
| Cash And Cash Equivalents | $12,240,000 | $6,475,000 | $25,845,915 | $99,276,301 |
| Other Receivables | - | $544,436 | $2,143,435 | $15,000,000 |
| Debt | ||||
| Net Debt | $3,189,000 | $61,888,000 | - | - |
| Total Debt | $37,822,000 | $69,337,000 | $29,021,238 | $10,125,094 |
| Long Term Debt And Capital Lease Obligation | $34,206,000 | $86,000 | $5,280,526 | $8,840,062 |
| Long Term Debt | $15,429,000 | - | - | - |
| Current Debt And Capital Lease Obligation | $3,616,000 | $69,251,000 | $23,740,712 | $1,285,032 |
| Current Debt | - | $68,363,000 | $20,180,100 | - |
| Other Current Borrowings | - | $10,491,792 | $20,180,100 | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $74,850,000 | $78,231,000 | $58,562,553 | $74,155,544 |
| Total Non Current Liabilities Net Minority Interest | $35,998,000 | $1,313,000 | $5,280,526 | $10,845,062 |
| Other Non Current Liabilities | $1,792,000 | $1,227,000 | - | - |
| Current Liabilities | $38,852,000 | $76,918,000 | $53,282,027 | $63,310,482 |
| Other Current Liabilities | $7,947,000 | $438,000 | $5,947,239 | $6,240,244 |
| Current Deferred Liabilities | $1,615,000 | $823,000 | $4,714,331 | $3,375,000 |
| Current Notes Payable | $0 | $68,363,000 | - | - |
| Payables And Accrued Expenses | $22,491,000 | $4,887,000 | $14,893,290 | $45,235,345 |
| Payables | $11,635,000 | $2,073,000 | $12,456,272 | $10,235,345 |
| Accounts Payable | $11,635,000 | $2,073,000 | $12,456,272 | $10,235,345 |
| Interest Payable | - | $167,388 | $0 | $0 |
| Non Current Deferred Liabilities | - | - | $0 | $2,005,000 |
| Non Current Deferred Taxes Liabilities | - | - | - | - |
| Equity | ||||
| Common Stock Equity | $43,042,000 | $-40,865,000 | $83,112,171 | $108,586,931 |
| Total Equity Gross Minority Interest | $43,042,000 | $-40,823,000 | $83,112,171 | $108,586,931 |
| Stockholders Equity | $43,042,000 | $-40,823,000 | $83,112,171 | $108,586,931 |
| Retained Earnings | $-319,023,000 | $-254,937,000 | $-751,568,251 | $-627,649,062 |
| Preferred Stock Equity | - | $42,000 | - | - |
| Gains Losses Not Affecting Retained Earnings | - | - | - | $0 |
| Other Equity Adjustments | - | - | - | - |
| Other | ||||
| Ordinary Shares Number | $9,699,858 | $320,277 | $95,326 | $55,201 |
| Share Issued | $9,699,858 | $320,277 | $95,326 | $55,201 |
| Tangible Book Value | $29,730,000 | $-40,865,000 | $83,112,171 | $108,586,931 |
| Invested Capital | $58,471,000 | $27,498,000 | $103,292,271 | $108,586,931 |
| Working Capital | $20,970,000 | $-42,743,000 | $40,543,451 | $76,047,785 |
| Capital Lease Obligations | $22,393,000 | $974,000 | $8,841,138 | $10,125,094 |
| Total Capitalization | $58,471,000 | $-40,823,000 | $83,112,171 | $108,586,931 |
| Additional Paid In Capital | $362,055,000 | $214,063,000 | $834,679,279 | $736,070,388 |
| Capital Stock | $10,000 | $51,000 | $1,143 | $165,605 |
| Common Stock | $10,000 | $9,000 | $1,143 | $165,605 |
| Preferred Stock | $0 | $42,000 | $0 | $0 |
| Long Term Capital Lease Obligation | $18,777,000 | $86,000 | $5,280,526 | $8,840,062 |
| Current Deferred Revenue | $1,615,000 | $823,000 | $4,714,331 | $3,375,000 |
| Current Capital Lease Obligation | $3,616,000 | $888,000 | $3,560,612 | $1,285,032 |
| Current Provisions | $3,183,000 | $1,519,000 | $1,902,647 | $2,207,674 |
| Current Accrued Expenses | $10,856,000 | $2,814,000 | $2,437,018 | $35,000,000 |
| Goodwill | $3,130,000 | $0 | - | - |
| Net PPE | $44,342,000 | $3,094,000 | $47,672,936 | $33,207,898 |
| Accumulated Depreciation | $-4,115,000 | $-3,875,000 | $-9,161,522 | $-5,441,218 |
| Gross PPE | $48,457,000 | $6,969,000 | $56,834,458 | $38,649,116 |
| Leases | $420,000 | $389,000 | - | - |
| Construction In Progress | $249,000 | $426,000 | $1,104,010 | $9,027,020 |
| Other Properties | $27,504,000 | $1,461,000 | $17,840,544 | $12,396,089 |
| Machinery Furniture Equipment | $20,284,000 | $4,693,000 | $23,081,818 | $8,183,089 |
| Properties | $0 | $0 | $0 | $0 |
| Inventories Adjustments Allowances | $-19,031,000 | $-5,822,000 | $-8,476,290 | $-59,162,512 |
| Finished Goods | $6,793,000 | $6,259,000 | $18,309,829 | $301,645 |
| Work In Process | $1,341,000 | $886,000 | $2,892,329 | $25,210,131 |
| Raw Materials | $49,962,000 | $20,080,000 | $32,682,324 | $42,500,878 |
| Pensionand Other Post Retirement Benefit Plans Current | - | $4,507,561 | $2,083,808 | $4,967,187 |
| Buildings And Improvements | - | $12,751,981 | $12,677,544 | $8,167,736 |
| Land And Improvements | - | $2,130,542 | $2,130,542 | $875,182 |
| Treasury Shares Number | - | - | $0 | - |
| Non Current Deferred Revenue | - | - | $0 | $2,005,000 |
| Investments And Advances | - | - | $0 | $10,000,000 |
Fetched: 2026-06-02
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-36,156,000 | $-42,915,000 | $-141,711,500 | $-111,315,459 |
| Operating Activities | ||||
| Operating Cash Flow | $-35,553,000 | $-38,154,000 | $-123,024,049 | $-93,818,664 |
| Cash Flow From Continuing Operating Activities | $-35,553,000 | $-38,154,000 | $-123,024,049 | $-93,818,664 |
| Operating Gains Losses | $232,000 | $5,778,660 | - | $379,406 |
| Investing Activities | ||||
| Capital Expenditure | $-603,000 | $-4,761,000 | $-18,687,451 | $-17,496,795 |
| Investing Cash Flow | $9,827,000 | $-4,761,000 | $-18,687,451 | $-20,019,519 |
| Cash Flow From Continuing Investing Activities | $9,827,000 | $-4,761,000 | $-18,687,451 | $-20,019,519 |
| Capital Expenditure Reported | $-603,000 | $-4,761,000 | $-18,687,451 | $-17,496,795 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $0 | $250,000 | $62,155,939 | $12,884,243 |
| Financing Cash Flow | $32,017,000 | $45,286,000 | $78,281,114 | $11,467,090 |
| Cash Flow From Continuing Financing Activities | $32,017,000 | $45,286,000 | $78,281,114 | $11,467,090 |
| Net Other Financing Charges | $10,000,000 | - | - | $-857,516 |
| Net Preferred Stock Issuance | $0 | $250,000 | - | $0 |
| Preferred Stock Issuance | $0 | $250,000 | - | - |
| Net Common Stock Issuance | - | $7,344,487 | $62,155,939 | $12,884,243 |
| Common Stock Issuance | - | $7,344,487 | $62,155,939 | $12,884,243 |
| Repurchase Of Capital Stock | - | - | - | $0 |
| Dividend Received Cfo | - | - | - | $0 |
| Other | ||||
| Repayment Of Debt | $0 | $-2,000 | $-879,444 | $-857,516 |
| Issuance Of Debt | $22,000,000 | $45,000,000 | $17,500,000 | $0 |
| Interest Paid Supplemental Data | $0 | $0 | - | - |
| Income Tax Paid Supplemental Data | $1,000 | $1,000 | - | - |
| End Cash Position | $12,920,000 | $6,629,000 | $35,845,915 | $99,276,301 |
| Beginning Cash Position | $6,629,000 | $4,258,000 | $99,276,301 | $201,647,394 |
| Changes In Cash | $6,291,000 | $2,371,000 | $-63,430,386 | $-102,371,093 |
| Proceeds From Stock Option Exercised | $17,000 | $38,000 | $-495,381 | $-559,637 |
| Net Issuance Payments Of Debt | $22,000,000 | $44,998,000 | $16,620,556 | $-857,516 |
| Net Short Term Debt Issuance | $22,000,000 | $45,000,000 | - | - |
| Short Term Debt Issuance | $22,000,000 | $45,000,000 | - | - |
| Net Long Term Debt Issuance | $0 | $-2,000 | $16,620,556 | $-857,516 |
| Long Term Debt Payments | $0 | $-2,000 | $-879,444 | $-857,516 |
| Net Business Purchase And Sale | $10,430,000 | $0 | $0 | $-5,000,000 |
| Sale Of Business | $10,430,000 | $0 | - | - |
| Change In Working Capital | $22,186,000 | $1,976,000 | $-43,066,285 | $-12,008,582 |
| Change In Other Current Liabilities | $-632,000 | $-675,000 | $-305,027 | $-2,376,242 |
| Change In Payables And Accrued Expense | $16,738,000 | $6,816,000 | $-2,227,029 | $33,676,050 |
| Change In Accrued Expense | $14,691,000 | $7,829,000 | - | - |
| Change In Payable | $2,047,000 | $-1,013,000 | $-2,227,029 | $33,676,050 |
| Change In Account Payable | $2,047,000 | $-1,013,000 | $-2,227,029 | $33,676,050 |
| Change In Prepaid Assets | $1,178,000 | $-644,000 | $-890,626 | $-9,665,250 |
| Change In Inventory | $4,849,000 | $-5,037,000 | $-39,294,091 | $-16,629,172 |
| Change In Receivables | $53,000 | $1,516,000 | $-349,512 | $-16,929,567 |
| Changes In Account Receivables | $53,000 | $1,516,000 | $-349,512 | $-16,929,567 |
| Other Non Cash Items | $810,000 | $593,000 | $7,677,425 | $3,962,312 |
| Stock Based Compensation | $678,000 | $555,000 | $13,422,135 | $11,460,211 |
| Unrealized Gain Loss On Investment Securities | $-1,038,000 | $0 | - | $0 |
| Provisionand Write Offof Assets | $4,430,000 | $3,248,000 | $8,798,690 | $17,716,995 |
| Asset Impairment Charge | $0 | $6,246,000 | $10,000,000 | $0 |
| Depreciation Amortization Depletion | $1,235,000 | $816,000 | $4,063,175 | $1,945,212 |
| Depreciation And Amortization | $1,235,000 | $816,000 | $4,063,175 | $1,945,212 |
| Net Income From Continuing Operations | $-64,086,000 | $-51,588,000 | $-123,919,189 | $-117,274,218 |
| Long Term Debt Issuance | - | $34,112,500 | $17,500,000 | $0 |
| Gain Loss On Investment Securities | - | $5,778,660 | - | - |
| Purchase Of Business | - | - | $0 | $-5,000,000 |
| Net PPE Purchase And Sale | - | - | $0 | $2,477,276 |
| Sale Of PPE | - | - | $0 | $2,477,276 |
| Change In Other Working Capital | - | - | $-180,000 | $-1,876,242 |
| Change In Other Current Assets | - | - | $0 | $-84,401 |
| Depreciation | - | - | $4,063,175 | $1,945,212 |
| Gain Loss On Sale Of PPE | - | - | $0 | $379,406 |
| Preferred Stock Payments | - | - | - | $0 |
| Net Investment Purchase And Sale | - | - | - | $-5,000,000 |
| Sale Of Investment | - | - | - | $0 |
| Purchase Of Investment | - | - | - | $-5,000,000 |
| Deferred Tax | - | - | - | $0 |
| Deferred Income Tax | - | - | - | $0 |
| Gain Loss On Sale Of Business | - | - | - | - |
Fetched: 2026-06-02