Workhorse Group Inc.
WKHSNASDAQConsumer Cyclical● Active
$3.28
$-0.17(-4.93%)
Market Cap$35730352
P/E Ratio—
52W High$67.32
52W Low$2.31
Workhorse Group Inc. (WKHS) · Income Statement
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · WKHS · as of 2026-06-08
Financial statements
Revenue · Gross Profit · Net Income
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | $21.21M | $6.62M | $13.09M | $5.02M | ($0.85M) |
| Cost of Revenue | $30.77M | $28.84M | $38.35M | $37.67M | $125.69M |
| Gross Profit | ($9.55M) | ($22.23M) | ($25.26M) | ($32.65M) | ($126.54M) |
| Gross Margin %(computed) | -45.05% | -335.92% | -192.87% | -649.99% | — |
| Operating Expenses | |||||
| R&D Expenses | $13.16M | $9.15M | $24.47M | $23.21M | $11.61M |
| G&A Expenses | $0.00M | $41.61M | $53.47M | $72.22M | $0.00M |
| Total Operating Expenses | $37.88M | $51.66M | $80.04M | $96.43M | $58.57M |
| Operating Income | ($47.44M) | ($73.89M) | ($105.30M) | ($129.08M) | ($185.11M) |
| Operating Margin %(computed) | -223.66% | — | -804.13% | — | — |
| Interest Income | $0.00M | $0.00M | $0.00M | $0.26M | $0.00M |
| Interest Expense | $17.42M | $22.24M | $8.73M | $0.33M | $6.74M |
| Income Before Tax | ($64.08M) | ($101.91M) | ($123.81M) | ($117.27M) | ($423.19M) |
| Income Tax Expense | $0.00M | ($0.12M) | $0.11M | $0.00M | ($21.85M) |
| Net Income | ($64.09M) | ($101.79M) | ($123.92M) | ($117.27M) | ($401.34M) |
| Net Margin %(computed) | -302.14% | — | -946.33% | — | — |
| Per Share & EBITDA | |||||
| EPS (Basic) | $-6.76 | $-51.69 | $-149.45 | $-184.88 | $-779.76 |
| Wtd Avg Shares | 9.47M | 1.97M | 0.83M | 0.63M | 0.51M |
| EBITDA | ($46.20M) | ($71.76M) | ($100.34M) | ($127.14M) | ($176.40M) |
| EBITDA Margin %(computed) | -217.84% | — | -766.23% | — | — |
Data source: Financial Modeling Prep · Last updated: 2026-06-08 · USD · M
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About Workhorse Group Inc. (WKHS) Income Statement
Workhorse Group Inc. (WKHS) income statement data is sourced from SEC Form 10-K and 10-Q filings. For fiscal year 2025, WKHS reported revenue of $0.02B, gross profit of ($0.01B) (gross margin -45.05%), and net income of ($0.06B) — a net profit margin of -302.14%.
Frequently asked questions
WKHS · 4 questionsWorkhorse Group Inc. (WKHS) reported revenue of $0.02B for 2025, up 220.6% year-over-year.
WKHS revenueWKHS salesannual revenue YoYincome statement
· Source: FMP /stable/income-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-08