Workhorse Group Inc. financial data

Symbol
WKHS on Nasdaq
Location
Wixom, MI
Fiscal year end
31 December
Latest financial report
10-Q - Q3 2025 - 10 Nov 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 103% % -31%
Quick Ratio 56% % -43%
Debt-to-equity 227% % 183%
Return On Equity -198% % -0.9%
Return On Assets -61% % 44%
Operating Margin -559% % 46%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 23,962,845 shares
Common Stock, Shares, Outstanding 21,277,037 shares -33%
Entity Public Float $32,087,790 USD -81%
Common Stock, Value, Issued $21,276 USD -33%
Weighted Average Number of Shares Outstanding, Basic 15,537,878 shares 1074%
Weighted Average Number of Shares Outstanding, Diluted 15,537,878 shares 1074%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $10,620,295 USD 17%
Cost of Revenue $35,764,155 USD -9.3%
Research and Development Expense $5,167,940 USD -64%
Operating Income (Loss) $59,339,326 USD 37%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $64,549,009 USD 49%
Income Tax Expense (Benefit) $117,061 USD -5.9%
Net Income (Loss) Attributable to Parent $64,431,948 USD 49%
Earnings Per Share, Basic 2 USD/shares 97%
Earnings Per Share, Diluted 2 USD/shares 97%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $12,726,147 USD 292%
Accounts Receivable, after Allowance for Credit Loss, Current $1,151,976 USD 69%
Inventory, Net $29,999,387 USD -31%
Other Assets, Current $414,301 USD -74%
Assets, Current $72,961,801 USD 27%
Property, Plant and Equipment, Net $21,120,568 USD -39%
Operating Lease, Right-of-Use Asset $22,236,613 USD 542%
Other Assets, Noncurrent $416,310 USD 136%
Assets $116,735,292 USD 15%
Accounts Payable, Current $11,225,948 USD 6.2%
Employee-related Liabilities, Current $4,483,063 USD 14%
Accrued Liabilities, Current $7,127,368 USD -15%
Contract with Customer, Liability, Current $1,057,000 USD -83%
Liabilities, Current $60,429,463 USD 22%
Contract with Customer, Liability, Noncurrent $0 USD
Operating Lease, Liability, Noncurrent $19,087,603 USD 319%
Liabilities $84,665,066 USD 56%
Retained Earnings (Accumulated Deficit) $896,611,544 USD -7.7%
Stockholders' Equity Attributable to Parent $32,070,226 USD -32%
Liabilities and Equity $116,735,292 USD 15%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $8,153,590 USD 55%
Net Cash Provided by (Used in) Financing Activities $34,117,856 USD
Net Cash Provided by (Used in) Investing Activities $17,866 USD 99%
Common Stock, Shares Authorized 36,000,000 shares -92%
Common Stock, Shares, Issued 21,277,037 shares -33%
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 $25,946,400 USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $38,201,743 USD 1077%
Deferred Tax Assets, Valuation Allowance $135,704,699 USD 14%
Deferred Tax Assets, Gross $135,704,699 USD 14%
Operating Lease, Liability $21,794,812 USD
Payments to Acquire Property, Plant, and Equipment $17,866 USD -99%
Lessee, Operating Lease, Liability, to be Paid $6,632,840 USD -19%
Property, Plant and Equipment, Gross $49,299,299 USD 4.8%
Operating Lease, Liability, Current $2,707,209 USD 170%
Lessee, Operating Lease, Liability, to be Paid, Year Two $1,503,069 USD 3%
Lessee, Operating Lease, Liability, to be Paid, Year One $1,458,783 USD -8.2%
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $1,352,691 USD -28%
Lessee, Operating Lease, Liability, to be Paid, Year Three $1,316,387 USD -12%
Deferred Tax Assets, Operating Loss Carryforwards $118,465,120 USD 14%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 75,000,000 shares 0%
Unrecognized Tax Benefits $805,392 USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four $1,230,385 USD -6.5%
Additional Paid in Capital $928,660,494 USD 5.6%
Preferred Stock, Shares Outstanding 0 shares
Depreciation, Depletion and Amortization $1,982,482 USD 1.1%
Deferred Tax Assets, Net of Valuation Allowance $0 USD
Share-based Payment Arrangement, Expense $3,385,063 USD -70%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%