WKHS (Workhorse Group Inc.) Stock Financials & Earnings

WKHSWorkhorse Group Inc.

Mkt Cap$2M

Revenue (TTM)$11M

Net Income (TTM)-$64M

EPS (TTM)-$17.61

Free Cash Flow (TTM)-$33M

Gross Margin-236.8%

Op. Margin-558.7%

Net Margin-606.7%

FCF Margin-306.3%

P/S Ratio (TTM)0.2x

P/E Ratio (TTM)—

YoY Rev Growth+16.7%

Employees—

Earnings Reports

Next: Q4 2025 · Mar 30

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$3M	-$18M	-$39M
Q1 23	$2M	-$4M	-$26M
Q2 23	$4M	-$4M	-$24M
Q3 23	$3M	-$4M	-$21M
Q4 23	$4M	-$14M	-$35M
Q1 24	$1M	-$6M	-$24M
Q2 24	$842K	-$6M	-$21M
Q3 24	$3M	-$4M	-$14M
Q4 24	$2M	-$6M	-$15M
Q1 25	$641K	-$5M	-$13M
Q2 25	$6M	-$7M	-$14M
Q3 25	$2M	-$8M	-$17M

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 22	$8M	$13M	$1M	—
Q1 23	$7M	—	—	—
Q2 23	$5M	—	—	—
Q3 23	$6M	—	—	—
Q4 23	$6M	$13M	$1M	—
Q1 24	$4M	—	—	—
Q2 24	$2M	—	—	—
Q3 24	$2M	—	—	$8M
Q4 24	$1M	$8M	$900K	—
Q1 25	$2M	—	—	—
Q2 25	$1M	—	—	—
Q3 25	$1M	—	—	—

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$99M	$0	$99M
Q1 23	$79M	$0	$79M
Q2 23	$62M	$0	$62M
Q3 23	$39M	$0	$39M
Q4 23	$26M	$0	$26M
Q1 24	$7M	$0	$7M
Q2 24	$5M	$0	$5M
Q3 24	$3M	$0	$3M
Q4 24	$4M	$0	$4M
Q1 25	$3M	$0	$3M
Q2 25	$2M	$0	$2M
Q3 25	$13M	$0	$13M

Shares Outstanding

Revenue Per Employee

Revenue / Employee