Workhorse Group Inc.
WKHS Nasdaq· Motor Vehicles & Passenger Car Bodies
Last close · Oct 26, 2026
$2.54
KIRA · Stoqly’s AI analyst, in plain words
- Workhorse Group Inc. had $21.2M of revenue in fiscal 2025, up 201.1% on the year before. Over five years, revenue changed +72.4% a year on average.
- Its operating margin was −223.7%, up 363.1 pts: of every 100 in sales, about −224 is left after running the business.
- Workhorse Group Inc. lost $64.1M in fiscal 2025.
- Free cash flow was −$36.2M in fiscal 2025, −170.5% of revenue.
- Workhorse Group Inc. owes $3.2M more than it holds in cash.
Market cap
$27.6M
P/E
—
Revenue
$21.2M
Net income
−$64.1M
Free cash flow
−$36.2M
Operating margin
−223.7%
Workhorse Group Inc. in 30 seconds · fiscal 2025
Are sales growing?
+201.1%
Yes. Sales grew 201.1% last year.
Does it make a profit?
−302.1%
No. It lost money last year.
Does profit turn into cash?
−170.5%
No. It spent more cash than it brought in.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Workhorse Group Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 31, 2026
- Legal name
- Workhorse Group Inc.
- CIK
- 0001425287
Workhorse Group Inc. · WKHS
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | −$0.9M | $5.0M | $13.1M | $7.0M | $21.2M |
| Revenue growth | −161.2% | — | 160.7% | −46.2% | 201.1% |
| Net interest income | −$12.6M | −$1.8M | −$8.7M | — | — |
| Gross margin | 15,652.5% | −650.0% | −192.9% | −87.3% | −45.0% |
| Operating margin | 21,729.7% | −2,569.8% | −804.1% | −586.7% | −223.7% |
| Net income | −$401M | −$117M | −$124M | −$51.6M | −$64.1M |
| Net margin | 47,111.7% | −2,334.7% | −946.3% | −732.4% | −302.1% |
| Diluted EPS | −$3.12 | −$0.74 | −$149.45 | −$9.43 | −$6.76 |
| Cash | |||||
| Cash from operations | −$133M | −$93.8M | −$123M | −$38.2M | −$35.6M |
| Capital expenditure | $5.3M | $17.5M | $18.7M | $4.8M | $0.6M |
| Free cash flow | −$138M | −$111M | −$142M | −$42.9M | −$36.2M |
| FCF margin | 16,186.3% | −2,216.1% | −1,082.2% | −609.2% | −170.5% |
| Share count change | 28.7% | 23.2% | −99.5% | 559.4% | 73.3% |
| Debt and strength | |||||
| Cash and short-term investments | $202M | $99.3M | $25.8M | $6.6M | $12.2M |
| Debt incl. finance leases | $0.0M | — | $78.8M | $68.9M | $15.4M |
| Shareholders' equity | $175M | $109M | −$55.6M | −$40.8M | $43.0M |
| Current ratio | 7.8x | 2.2x | 1.8x | 0.4x | 1.5x |
| Returns and quality | |||||
| Return on capital | — | — | — | −156.1% | −81.1% |
| Return on equity | −140.8% | −82.8% | −468.1% | — | −5,768.3% |
| Return on tangible equity | −229.7% | −108.0% | — | — | −215.6% |
| Piotroski F-score | 2 | 3 | 4 | 3 | 5 |
| Altman Z'' | −3.9 | −11.7 | −21.4 | −37.7 | −9.8 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.3M
12 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Workhorse Group Inc. · WKHS
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $2.54 a share, the company is worth $27.6M.
Source: SEC EDGAR XBRL filings (CIK 0001425287). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.