WKHS · Workhorse Group Inc.
$3.33
+0.26 (+8.47%)
At close · Aug 31
Going-concern doubt
— flagged Aug 13, 2026
Substantial doubt about the company's ability to continue as a going concern.
“As a result of our recurring losses from operations, accumulated deficit, projected capital needs, delays in bringing our vehicles to market and lower than expected market demand, management determined that substantial doubt exists regarding our ability to continue as a going concern within one year after the issuance date of the accompanying Condensed Consolidated Financial Statements. These conditions raise substantial doubt regarding our ability to continue as a going concern for a period of at least one year from the date of issuance of these accompanying Condensed Consolidated Financial Statements.”View the 10-Q filed Aug 13, 2026
Market Cap
$33.55M
Shares
10.93M
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$21.21M
+201.1%
FY2025
Net Income
-$64.09M
-24.2%
FY2025
Gross Margin
-45.05%
+42.2pp
FY2025
Operating Margin
-223.66%
+363.1pp
FY2025
Diluted EPS
-$6.76
+28.3%
FY2025
Operating Cash Flow
-$35.55M
+6.8%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $27.21M | $21.21M | $7.04M | $13.09MG | $5.02MG | -$851.92K | $1.39M | $376.56K | $763.17K | $10.04M | $6.41M | $139.98K | $177.5K | $177.5K | $272.1K | $190.04K | $140.71K | — | — | |
| -$14.71M | — | — | -$8.73M | -$1.84M | -$12.64M | -$190.52M | -$29.15M | — | — | — | — | — | — | — | — | — | — | — | |
| $49.28M | $30.77M | $13.19M | $38.35M | $37.67M | $132.49M | $13.07M | $5.84M | $7.98M | $24.4M | $13.58M | — | — | — | — | — | — | — | — | |
| -$22.07M | -$9.56M | -$6.15M | -$25.26M | -$32.65M | -$133.34M | -$11.67M | -$5.47M | -$15.19M | -$14.48M | -$7.16M | $139.98K | — | — | — | — | — | — | — | |
| — | -45.05% | -87.25% | -192.87% | -649.99% | — | -838.38% | -1452.17% | -1990.43% | -144.23% | -111.67% | 100% | — | — | — | — | — | — | — | |
| $14.48M | $13.16M | $12.89M | $24.47M | $23.21M | $11.61M | $9.15M | $8.2M | $7.39M | $17.74M | $6.15M | $4.74M | $3.44M | $2.89M | $2.08M | $4.84M | — | — | — | |
| $33.3M | $24.72M | $16.05M | $55.57M | $73.22M | $40.16M | $20.16M | $10.2M | $11.49M | $8.82M | $6.2M | $3.86M | $2.95M | $3.14M | — | — | — | — | — | |
| $4.49M | $1.24M | $816K | $4.06M | $1.95M | $1.91M | $809.65K | $388.4K | $348.34K | $549.97K | $381.82K | $371.23K | $388.01K | $319.65K | $63.63K | $58.04K | $40.73K | — | — | |
| $47.78M | $37.89M | $35.18M | $80.04M | $96.43M | $51.77M | $29.31M | $18.4M | $18.88M | $26.56M | $12.35M | $8.6M | $6.39M | $6.03M | $4.54M | $8.9M | $5.17M | — | — | |
| -$69.85M | -$47.44M | -$41.33M | -$105.3M | -$129.08M | -$185.11M | -$40.98M | -$23.87M | -$34.07M | — | — | — | — | — | — | — | — | — | — | |
| — | -223.66% | -586.74% | -804.13% | -2569.8% | — | -2942.95% | -6338.12% | -4463.94% | — | — | — | — | — | — | — | — | — | — | |
| -$65.36M | -$46.21M | -$40.51M | -$101.24M | -$127.14M | -$183.21M | -$40.17M | -$23.48M | -$33.72M | — | — | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | $190.52M | $29.15M | $2.43M | $180.44K | $44.04K | $965.88K | $398.96K | $258.26K | $230.89K | $10.59K | $13.2K | — | — | |
| -$280K | -$259K | $3000 | -$10M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| -$78.67M | -$64.08M | -$51.59M | -$124.03M | -$117.27M | -$423.19M | $91.61M | -$37.16M | -$36.5M | — | — | — | — | — | — | — | — | — | — | |
| -$30K | $4000 | $1000 | -$110.52K | $0 | -$21.85M | $21.83M | $0 | $0 | — | — | — | — | — | — | — | — | — | — | |
| -$78.64M | -$64.09M | -$51.59M | -$123.92M | -$117.27M | -$401.34M | $69.78M | -$37.16M | -$36.5M | -$41.22M | -$19.56M | -$9.43M | -$6.61M | -$6.11M | -$4.27M | -$8.71M | -$5.03M | -$1.52M | -$1.38M | |
| — | -302.14% | -732.37% | -946.33% | -2334.71% | — | 5010.81% | -9868.98% | -4782.97% | -410.59% | -304.86% | -6734.43% | -3723.2% | -3442.57% | -1570.2% | -4581.11% | -3573.46% | — | — | |
| — | — | — | — | — | -$401.34M | $69.78M | -$37.25M | -$37.27M | -$41.22M | — | — | — | — | — | — | — | — | — | |
| — | — | -$101.79M | -$123.92M | -$115.87M | -$402.75M | $69.78M | -$37.16M | — | — | — | — | — | — | — | — | — | — | — | |
| USD/shares | -$7.87 | -$6.76 | -$9.43 | -$1,793.40 | -$2,220.00 | -$9,360.00 | $2,250.00 | -$1,740.00 | — | — | — | — | — | — | — | — | — | — | — |
| USD/shares | -$7.87 | -$6.76 | -$9.43 | -$1,793.40 | -$2,220.00 | -$9,360.00 | $2,100.00 | -$1,740.00 | — | — | — | — | — | — | — | — | — | — | — |
| shares | — | 9.48M | 5.47M | 69.1K | 52.86K | 42.89K | 30.96K | 21.44K | 16.79K | 12.92K | 8400.4203 | 5764.4647 | 4534.2947 | 25.24K | 14.97K | 11.3K | — | — | — |
| shares | — | 9.48M | 5.47M | 69.1K | 52.86K | 42.89K | 33.32K | 21.44K | 16.79K | 12.92K | 8400.4203 | 5764.4647 | 4534.2947 | 25.24K | 14.97K | 11.3K | — | — | — |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
2.20×
Auto Manufacturers median 12.95×
EV/EBIT
—
P/E (TTM)
—
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Vehicles | $20,762,000 | $6,976,000 | — | — | — | — | — | — |
| Services, Parts and Accessories | $348,000 | $0 | $1,767,050 | $637,097 | — | — | — | — |
| Extended Warranty Revenue | $101,000 | $68,000 | — | — | — | — | — | — |
| Automotive | — | — | — | — | — | — | $240,280 | $498,000 |
| Aviation | — | — | — | — | — | — | $0 | — |
| Other | — | — | — | — | — | — | $136,282 | $265,173 |
| Other Revenues | — | — | — | — | $142,265 | $35,362 | — | — |
| Sales Net of Returns and Allowances | — | — | — | — | -$994,187 | $1,357,157 | — | — |
| Vehicle Sale | — | — | $11,327,702 | $4,385,975 | — | — | — | — |
Key facts
CIK
1425287
CUSIP
98138J503
13F (30d)
43 filings
43 filers
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