10q10k10q10k.net

vs

Side-by-side financial comparison of Niu Technologies (NIU) and Workhorse Group Inc. (WKHS), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Niu Technologies is an electric scooter company headquartered in Beijing, China. Yan Li has been its CEO and COO since December 2017.

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.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
NIU
NIU
WKHS
WKHS
Q4 25
$12.5M
Q3 25
$2.4M
Q2 25
$5.7M
Q1 25
$640.9K
Q4 24
$2.4M
Q3 24
$2.5M
Q2 24
$842.4K
Q1 24
$1.3M
Net Profit
NIU
NIU
WKHS
WKHS
Q4 25
$-20.8M
Q3 25
$-7.8M
Q2 25
$-14.8M
Q1 25
$-20.6M
Q4 24
$29.0M
Q3 24
$-25.1M
Q2 24
$-26.3M
Q1 24
$-29.2M
Gross Margin
NIU
NIU
WKHS
WKHS
Q4 25
80.4%
Q3 25
-323.2%
Q2 25
-130.2%
Q1 25
-705.8%
Q4 24
Q3 24
-164.7%
Q2 24
-766.7%
Q1 24
-455.7%
Operating Margin
NIU
NIU
WKHS
WKHS
Q4 25
-28.6%
Q3 25
-694.2%
Q2 25
-255.3%
Q1 25
-2002.9%
Q4 24
Q3 24
-564.5%
Q2 24
-2435.6%
Q1 24
-1771.6%
Net Margin
NIU
NIU
WKHS
WKHS
Q4 25
-166.5%
Q3 25
-328.2%
Q2 25
-260.7%
Q1 25
-3221.0%
Q4 24
1233.7%
Q3 24
-1001.5%
Q2 24
-3124.3%
Q1 24
-2177.0%
EPS (diluted)
NIU
NIU
WKHS
WKHS
Q4 25
$0.09
Q3 25
$-0.50
Q2 25
$-1.67
Q1 25
$-4.68
Q4 24
$51.11
Q3 24
$-0.98
Q2 24
$-1.40
Q1 24
$-0.10

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

Related Comparisons

More NIU comparisons

More WKHS comparisons