WKHS · Workhorse Group Inc.
Substantial doubt about the company's ability to continue as a going concern.
“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.”View the 10-Q filed Aug 13, 2026
Price & Indicators
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AI Brief
Q2 FY26 earnings call · Aug 13, 2026TL;DR. Workhorse reported Q2 2026 revenue of $3.6 million and a net loss of $20.2 million ($1.86/share), while drawing $20.0 million under its Cash Flow Credit Agreement, $18.3 million under its Customer Order Credit Agreement, and an additional $10.0 million post-quarter. Management expects H2 2026 deliveries to ramp meaningfully at Union City to support prior Purolator and Gateway orders, alongside a planned entry into the mobile AI data center market targeted for 2027 commercialization.
- + Q2 2026 revenue rose to $3.6 million from $0.8 million in Q2 2025, with 26 vehicles delivered versus 4
- + Management expects deliveries to increase meaningfully in H2 2026 to support prior Purolator and Gateway orders of 100 vehicles each
- + Cost synergy run rate is expected to reach $20 million annualized by year-end 2026 through merger integration
- − Q2 2026 net loss widened to $20.2 million ($1.86/share) from $12.8 million ($1.38/share) in Q2 2025
- − Q2 2026 operating loss doubled to $19.4 million from $9.0 million in Q2 2025
- − Q2 2026 gross loss was $7.5 million on cost of sales of $11.0 million against $3.6 million of revenue
- − Company is not providing specific financial guidance at this time
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Vehicles Delivered | 26 | Q2 2026 | — |
| Workhorse W56 vehicles delivered | 13 | the three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Auto Manufacturers — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
WKHS
this stock
Workhorse Group Inc.
|
$31.37M | -41.7% | -92.4% | — | 8.9% |
|
TSLA
Tesla, Inc.
|
$1.47T | -17.6% | -2.9% | 344.6 | 1.7% |
|
TM
Toyota Motor Corp/
|
$225.40B | -15.2% | +3.8% | — | 0.1% |
|
BYDDF
Byd Co Ltd
|
$86.98B | -22.6% | — | — | 0.1% |
|
GM
General Motors Co
|
$72.50B | -3.8% | -1.3% | 39.1 | 2.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| WKHS | +3.5% | -5.4% | +13.8% | +1.4% | -41.7% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | +3.7% | -5.0% | +1.6% | +0.5% | -54.5% |