Workhorse Group Inc. financial data

Symbol
WKHS on Nasdaq
Location
100 Commerce Drive, Loveland, OH
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2025 - Nov 10, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 103 % -30.6%
Quick Ratio 56.2 % -43.5%
Debt-to-equity 227 % +183%
Return On Equity -198 % -0.9%
Return On Assets -60.6 % +44.4%
Operating Margin -559 % +45.7%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 24M shares
Common Stock, Shares, Outstanding 21.3M shares -33.2%
Entity Public Float 32.1M USD -81.5%
Common Stock, Value, Issued 21.3K USD -33.2%
Weighted Average Number of Shares Outstanding, Basic 15.5M shares +1074%
Weighted Average Number of Shares Outstanding, Diluted 15.5M shares +1074%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 10.6M USD +16.7%
Cost of Revenue 35.8M USD -9.28%
Research and Development Expense 5.17M USD -63.7%
Operating Income (Loss) -59.3M USD +36.6%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -64.5M USD +48.8%
Income Tax Expense (Benefit) -117K USD -5.92%
Net Income (Loss) Attributable to Parent -64.4M USD +48.8%
Earnings Per Share, Basic 2 USD/shares +97.4%
Earnings Per Share, Diluted 2 USD/shares +97.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 12.7M USD +292%
Accounts Receivable, after Allowance for Credit Loss, Current 1.15M USD +68.7%
Inventory, Net 30M USD -30.5%
Other Assets, Current 414K USD -74.3%
Assets, Current 73M USD +26.9%
Property, Plant and Equipment, Net 21.1M USD -39.4%
Operating Lease, Right-of-Use Asset 22.2M USD +542%
Other Assets, Noncurrent 416K USD +136%
Assets 117M USD +15.1%
Accounts Payable, Current 11.2M USD +6.18%
Employee-related Liabilities, Current 4.48M USD +13.9%
Accrued Liabilities, Current 7.13M USD -15%
Contract with Customer, Liability, Current 1.06M USD -83.4%
Liabilities, Current 60.4M USD +21.8%
Contract with Customer, Liability, Noncurrent 0 USD
Operating Lease, Liability, Noncurrent 19.1M USD +319%
Liabilities 84.7M USD +56.3%
Retained Earnings (Accumulated Deficit) -897M USD -7.74%
Stockholders' Equity Attributable to Parent 32.1M USD -32.1%
Liabilities and Equity 117M USD +15.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -8.15M USD +54.6%
Net Cash Provided by (Used in) Financing Activities 34.1M USD
Net Cash Provided by (Used in) Investing Activities -17.9K USD +99.4%
Common Stock, Shares Authorized 36M shares -92%
Common Stock, Shares, Issued 21.3M shares -33.2%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 25.9M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 38.2M USD +1077%
Deferred Tax Assets, Valuation Allowance 136M USD +14.1%
Deferred Tax Assets, Gross 136M USD +14.1%
Operating Lease, Liability 21.8M USD
Payments to Acquire Property, Plant, and Equipment 17.9K USD -99.4%
Lessee, Operating Lease, Liability, to be Paid 6.63M USD -18.8%
Property, Plant and Equipment, Gross 49.3M USD +4.81%
Operating Lease, Liability, Current 2.71M USD +170%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.5M USD +3.04%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.46M USD -8.24%
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.35M USD -27.8%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.32M USD -12.4%
Deferred Tax Assets, Operating Loss Carryforwards 118M USD +14.4%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 75M shares 0%
Unrecognized Tax Benefits 805K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.23M USD -6.53%
Additional Paid in Capital 929M USD +5.6%
Preferred Stock, Shares Outstanding 0 shares
Depreciation, Depletion and Amortization 1.98M USD +1.1%
Deferred Tax Assets, Net of Valuation Allowance 0 USD
Share-based Payment Arrangement, Expense 3.39M USD -70.2%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%