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Workhorse Group(NASDAQ) WKHS

Market Cap$29.52MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2025)-53%
5 Year-100%
1 Year-88%
1 Month-7%
$2.75
+1.48%
+0.04Today
Workhorse Group last closing stock price
MetricPriceDate
Last closeUSD 2.772026-07-27
Workhorse Group stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+0.36%USD 2.762026-07-20
1 month-7.36%USD 2.992026-06-26
3 month+14.46%USD 2.422026-04-28
Year to date-45.58%USD 5.092025-12-31
1 year-88.1%USD 23.282025-07-25
3 year-99.92%USD 3,510.002023-07-28
5 year-99.99%USD 33,900.002021-07-28
Since inception-52.62%USD 5.722025-12-16

Workhorse Group Financials at a Glance

Market Cap

$29.52MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$24.90M

Net Income (TTM)

-$63.32M

EPS (TTM)

-$30.27

P/E Ratio

-0.09

Dividend

$0.00

Beta (Volatility)

1.86 (High)

Price

$2.75

Volume

1,243

Open

$2.81

Previous Close

$2.75

Daily Range

$2.75 - $2.85

52-Week Range

$2.31 - $26.40

Estimated Earnings Date

Aug 13, 2026

WKHS News

No articles available.

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About Workhorse Group

Workhorse builds electric trucks and drones for delivery companies and businesses. Its vehicles help reduce emissions and operating costs for fleet operators. The company also offers software to track and manage vehicle performance.

Products and Services

  • Electric Trucks: Medium-duty delivery vehicles for last-mile logistics and commercial fleets (approximately 98% of revenue).
  • HorseFly Drone: All-electric drone system for package delivery and aerial tasks.
  • Workhorse Connect: Software platform for tracking vehicle data and fleet performance.
  • Fleet Services: Maintenance, training, and support for electric vehicle fleets.
  • Charging Solutions: Infrastructure and telematics for electric vehicle charging and monitoring.

Growth and Expansion

  • Acquired Motiv Power Systems in December 2025, expanding product range and dealer network.
  • Launched Motiv Premier Partner Network in April 2025 for fleet electrification support.
  • Registered as a foreign manufacturer in Canada in February 2025, enabling nationwide sales.
  • Transitioning all vehicle production to Union City, Indiana facility by 2026.
  • Expanded certified dealer program and entered new state and federal incentive programs in 2025.

What Makes Workhorse Stand Out

Workhorse focuses on medium-duty electric vehicles for commercial delivery, a niche with growing demand. Its asset-light production model uses contract manufacturing and partnerships to manage costs. The company’s integrated software and certified dealer network support customers through the full vehicle lifecycle.

Five Things You Need to Know

  • Net sales were $21.2 million in 2025, up 201.1% from 2024.
  • Operating loss was $47.4 million in 2025, up 14.8% from 2024.
  • Cash and cash equivalents were $12.9 million at year-end 2025.
  • Four customers made up 68% of 2025 revenue, showing high concentration.
  • Inventory, net, was $39.1 million at year-end 2025, up from $21.4 million in 2024.

Bottom Line

Workhorse has evolved through acquisitions and product expansion, focusing on electric vehicles for commercial fleets. The company faces ongoing financial and operational challenges as it adapts to a changing market.

AI Generated • Apr 16, 2026

Industry

Automobiles

Employees

148

CEO

Scott W. Griffith, MBA

Headquarters

Wixom, MI 48393, US

WKHS Financials

Key Financial Metrics (TTM)

Gross Margin

-50.26%

Operating Margin

-223.70%

Net Income Margin

-254.32%

Return on Equity

-204.85%

Return on Capital

-58.67%

Return on Assets

-61.64%

Earnings Yield

-11.11%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$29.52MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

10.89M

Volume

1.24K

Avg. Volume

190.26K

Financials (TTM)

Gross Profit

-$12.51M

Operating Income

-$55.70M

EBITDA

-$45.21M

Operating Cash Flow

-$43.91M

Capital Expenditure

-$728.00K

Free Cash Flow

-$44.64M

Cash & ST Invst.

$600.00K

Total Debt

$27.91M

Workhorse Group Performance Analysis

Workhorse Group annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 5,023,072N/A
20232023-12-31USD 13,094,752160.7%
20242024-12-31USD 7,044,000-46.2%
20252025-12-31USD 21,211,000201.1%
Workhorse Group sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30784.6%
Q32025-09-30-57.9%
Q42025-12-31424.8%
Q12026-03-31-65.4%
Workhorse Group annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -2,218.62-76.3%
20232023-12-31USD -1,793.40-19.2%
20242024-12-31USD -1,415.18-21.1%
20252025-12-31USD -6.76-99.5%
Workhorse Group sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3064.2%
Q32025-09-3070.1%
Q42025-12-31-330.0%
Q12026-03-317.4%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$4.33M

+575.4%

Gross Profit

-$7.48M

-65.4%

Gross Margin

-1.73%

N/A

Market Cap

$29.52MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$199.47K

N/A

Employees

148

N/A

Net Income

-$19.88M

+3.7%

EBITDA

-$17.55M

-30.9%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$600.00K

-77.3%

Total Debt

$27.91M

-45.0%

Accounts Receivable

$3.42M

+1951.8%

Inventory

$37.27M

-9.8%

Long Term Debt

$26.52M

+616.0%

Short Term Debt

$1.39M

-97.0%

Return on Assets

-61.64%

N/A

Return on Invested Capital

-86.44%

N/A

Free Cash Flow

-$16.64M

-103.6%

Operating Cash Flow

-$16.52M

-102.5%

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Questions About WKHS

What is the current price of Workhorse Group?

Workhorse Group is trading at $2.75 per share.

What is the 52-week range for Workhorse Group?

Over the past 52 weeks, Workhorse Group has traded between $2.31 and $26.40.

How much debt does Workhorse Group have?

As of the most recent reporting period, Workhorse Group reported total debt of $42.91M.

How much cash does Workhorse Group have on hand?

Workhorse Group reported $1.28M in cash and cash equivalents in its most recent financial results.

What is Workhorse Group’s dividend yield?

Workhorse Group does not currently have a dividend yield.

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