Stocktoria
Workhorse Group Inc. WKHS
Workhorse Group Inc. financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.2M | $7.0M | $13.1M | $5.0M | -$851,922 | $1.4M | $376,562 | $763,173 | $10.8M | $6.4M |
| Gross profit | -$9.6M | -$6.1M | -$25.3M | -$32.6M | -$133.3M | -$11.7M | -$5.5M | -$15.2M | -$14.5M | -$7.2M |
| R&D expense | $13.2M | $12.9M | $24.5M | $23.2M | $11.6M | $9.1M | $8.2M | $7.4M | $17.7M | $6.1M |
| SG&A expense | $24.7M | $16.0M | $55.6M | $73.2M | $40.2M | $20.2M | $10.2M | $11.5M | $8.8M | $6.2M |
| Operating income | -$47.4M | -$41.3M | -$105.3M | -$129.1M | -$185.1M | -$41.0M | -$23.9M | -$34.1M | — | — |
| Interest expense | — | — | — | — | — | $190.5M | $29.1M | $2.4M | $180,437 | $44,036 |
| Income tax | $4,000 | $1,000 | -$110,524 | $0 | -$21.8M | $21.8M | $0 | $0 | — | — |
| Net income | -$64.1M | -$51.6M | -$123.9M | -$117.3M | -$401.3M | $69.8M | -$37.2M | -$36.5M | -$41.2M | -$19.6M |
| EPS (diluted) | $-6.76 | $-9.43 | $-149.45 | $-0.74 | $-3.12 | $0.70 | $-0.58 | — | — | — |
| Operating cash flow | -$35.6M | -$38.2M | -$123.0M | -$93.8M | -$132.6M | -$70.3M | -$36.9M | -$21.8M | -$38.7M | -$19.0M |
| Free cash flow | -$36.2M | -$42.9M | -$141.7M | -$111.3M | -$137.9M | -$76.0M | -$38.9M | -$21.8M | -$38.8M | -$19.6M |
| Cash & equivalents | $12.2M | $6.6M | $25.8M | $99.3M | $201.6M | $46.8M | $23.9M | $1.5M | $4.1M | $469,570 |
| Inventory | $39.1M | $21.4M | $45.4M | $8.9M | $10.1M | $15.5M | $1.8M | $2.5M | $4.6M | $2.5M |
| Total assets | $117.9M | $37.4M | $141.7M | $182.7M | $228.1M | $632.5M | $50.7M | $11.8M | $16.5M | $10.2M |
| Total liabilities | $74.8M | $78.2M | $58.6M | $74.2M | $53.4M | $237.3M | $85.6M | — | — | — |
| Shareholders' equity | $43.0M | -$40.8M | -$55.6M | $108.6M | $174.7M | $395.2M | -$34.9M | -$15.4M | $3.5M | $3.8M |
Growth · year-over-year · Revenue CAGR 14.2%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +201.1% | -46.2% | +160.7% | — | -161.2% | +269.8% | -50.7% | -93.0% | +69.1% | +4482.7% |
| Net income growth | — | — | — | — | -675.2% | — | — | — | — | — |
| EPS growth | — | — | — | — | -545.7% | — | — | — | — | — |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.