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Calendar
WKHS
Workhorse Group Inc.
Mkt Cap
$2M
Consumer Cyclical
·
Auto - Manufacturers
·
🇺🇸 United States
·
NASDAQ
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
▶
Q3 2025
Browse All Reports
Next: Q4 2025 · Mar 30
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
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
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q4 22
0.5x
—
Q1 23
0.4x
—
Q2 23
0.2x
—
Q3 23
0.2x
—
Q4 23
0.2x
—
Q1 24
0.2x
—
Q2 24
0.2x
—
Q3 24
0.3x
—
Q4 24
0.4x
—
Q1 25
0.4x
—
Q2 25
0.2x
—
Q3 25
0.2x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q4 22
-$28M
-$36M
Q1 23
-$33M
-$38M
Q2 23
-$33M
-$38M
Q3 23
-$30M
-$36M
Q4 23
-$27M
-$30M
Q1 24
-$18M
-$21M
Q2 24
-$12M
-$13M
Q3 24
-$10M
-$10M
Q4 24
-$7M
-$8M
Q1 25
-$8M
-$8M
Q2 25
-$6M
-$6M
Q3 25
-$11M
-$11M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q4 22
$8M
Q1 23
$5M
Q2 23
$5M
Q3 23
$6M
Q4 23
$2M
Q1 24
$3M
Q2 24
$734K
Q3 24
$268K
Q4 24
$37K
Q1 25
$18K
Q2 25
$18K
Q3 25
$0
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q4 22
+272.4%
-63.9%
Q1 23
+11742.9%
+37.3%
Q2 23
+31492.7%
+30.4%
Q3 23
+95.5%
-52.2%
Q4 23
+27.8%
-7.5%
Q1 24
-20.9%
-8.0%
Q2 24
-78.8%
-22.3%
Q3 24
-17.1%
-30.8%
Q4 24
-56.3%
-56.0%
Q1 25
-52.1%
-46.2%
Q2 25
+573.0%
-5.7%
Q3 25
-5.0%
+13.6%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q4 22
$0
0.0%
Q1 23
$3M
178.6%
Q2 23
$4M
95.2%
Q3 23
$4M
116.2%
Q4 23
$0
0.0%
Q1 24
$3M
251.6%
Q2 24
$3M
343.8%
Q3 24
$0
0.0%
Q4 24
$2M
96.3%
Q1 25
$751K
117.2%
Q2 25
$0
0.0%
Q3 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
SG&A
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
—
—
—
marketcaparena.com
Revenue Segments
Quarter
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
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
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q4 22
652K
+1.7%
Q1 23
669K
+2.6%
Q2 23
743K
+11.1%
Q3 23
864K
+16.3%
Q4 23
1M
+32.5%
Q1 24
1M
+5.8%
Q2 24
2M
+24.6%
Q3 24
2M
+35.7%
Q4 24
2M
-3.8%
Q1 25
4M
+123.9%
Q2 25
9M
+100.2%
Q3 25
16M
+76.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 13
$6K
30
FY 14
$6K
30
FY 15
$5K
30
FY 16
$107K
60
FY 17
$131K
83
FY 18
$10K
74
FY 19
$5K
81
FY 20
$11K
130
FY 21
-$4K
221
FY 22
$15K
331
FY 23
$44K
298
FY 24
$46K
143
marketcaparena.com
WKHS (Workhorse Group Inc.) Stock Financials & Earnings | Market Cap Arena