Workhorse Group Inc.WKHSEarnings & Financial Report
Nasdaq · transport industry
Workhorse Group is an original equipment manufacturer and technology company headquartered in Sharonville, Ohio, USA. In 2025, it merged its operations with those of Motiv Electric Trucks, forming a new entity known as Workhorse.
WKHS Q3 2025 Key Financial Metrics
Revenue
$2.4M
Gross Profit
$-7.7M
Operating Profit
$-16.6M
Net Profit
$-7.8M
Gross Margin
-323.2%
Operating Margin
-694.2%
Net Margin
-328.2%
YoY Growth
-5.0%
EPS
$-0.50
Financial Flow
Workhorse Group Inc. Q3 2025 Financial Summary
Workhorse Group Inc. reported revenue of $2.4M for Q3 2025, with a net profit of $-7.8M (-328.2% margin). Cost of goods sold was $10.1M, operating expenses totaled $8.8M.
Key Financial Metrics
| Total Revenue | $2.4M |
|---|---|
| Net Profit | $-7.8M |
| Gross Margin | -323.2% |
| Operating Margin | -694.2% |
| Report Period | Q3 2025 |
Workhorse Group Inc. Annual Revenue by Year
Workhorse Group Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $6.6M).
| Year | Annual Revenue |
|---|---|
| 2024 | $6.6M |
| 2023 | $13.1M |
| 2022 | $5.0M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.4M | $1.3M | $842440 | $2.5M | $1.9M | $640922 | $5.7M | $2.4M |
| YoY Growth | 27.8% | -20.9% | -78.8% | -17.1% | -56.3% | -52.1% | 573.0% | -5.0% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $141.7M | $113.9M | $105.4M | $101.4M | $93.8M | $115.5M | $99.3M | $116.7M |
| Liabilities | $58.6M | $46.4M | $46.7M | $54.2M | $49.6M | $84.1M | $76.9M | $84.7M |
| Equity | $83.1M | $67.4M | $58.6M | $47.3M | $44.3M | $31.4M | $22.3M | $32.1M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-27.5M | $-18.0M | $-12.1M | $-10.1M | $-7.5M | $-8.2M | $-5.9M | $-11.0M |
