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Side-by-side financial comparison of Eightco Holdings Inc. (ORBS) and Workhorse Group Inc. (WKHS). Click either name above to swap in a different company.
Workhorse Group Inc. is the larger business by last-quarter revenue ($12.5M vs $10.2M, roughly 1.2× Eightco Holdings Inc.). Workhorse Group Inc. runs the higher net margin — -166.5% vs -2281.6%, a 2115.2% gap on every dollar of revenue. On growth, Workhorse Group Inc. posted the faster year-over-year revenue change (432.0% vs -49.9%). Eightco Holdings Inc. produced more free cash flow last quarter ($-11.0M vs $-11.1M). Over the past eight quarters, Workhorse Group Inc.'s revenue compounded faster (205.7% CAGR vs 13.1%).
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.
ORBS vs WKHS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.2M | $12.5M |
| Net Profit | $-232.5M | $-20.8M |
| Gross Margin | -13.0% | 80.4% |
| Operating Margin | -475.0% | -28.6% |
| Net Margin | -2281.6% | -166.5% |
| Revenue YoY | -49.9% | 432.0% |
| Net Profit YoY | -9183.3% | -171.8% |
| EPS (diluted) | $-2.34 | $0.09 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $10.2M | $12.5M | ||
| Q3 25 | $5.3M | $2.4M | ||
| Q2 25 | $7.6M | $5.7M | ||
| Q1 25 | $9.9M | $640.9K | ||
| Q4 24 | $20.3M | $2.4M | ||
| Q3 24 | $6.1M | $2.5M | ||
| Q2 24 | $5.3M | $842.4K | ||
| Q1 24 | $8.0M | $1.3M |
| Q4 25 | $-232.5M | $-20.8M | ||
| Q3 25 | $-25.8M | $-7.8M | ||
| Q2 25 | $-1.2M | $-14.8M | ||
| Q1 25 | $-2.5M | $-20.6M | ||
| Q4 24 | $-2.5M | $29.0M | ||
| Q3 24 | $-3.2M | $-25.1M | ||
| Q2 24 | $4.4M | $-26.3M | ||
| Q1 24 | $1.9M | $-29.2M |
| Q4 25 | -13.0% | 80.4% | ||
| Q3 25 | -3.7% | -323.2% | ||
| Q2 25 | 16.4% | -130.2% | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | 8.2% | — | ||
| Q3 24 | 26.5% | -164.7% | ||
| Q2 24 | 25.1% | — | ||
| Q1 24 | 17.5% | — |
| Q4 25 | -475.0% | -28.6% | ||
| Q3 25 | -116.9% | -694.2% | ||
| Q2 25 | -15.9% | -255.3% | ||
| Q1 25 | -14.3% | -2002.9% | ||
| Q4 24 | -11.9% | — | ||
| Q3 24 | -29.1% | -564.5% | ||
| Q2 24 | -16.4% | -2435.6% | ||
| Q1 24 | -39.6% | -1771.6% |
| Q4 25 | -2281.6% | -166.5% | ||
| Q3 25 | -487.6% | -328.2% | ||
| Q2 25 | -15.4% | -260.7% | ||
| Q1 25 | -25.7% | -3221.0% | ||
| Q4 24 | -12.3% | 1233.7% | ||
| Q3 24 | -52.5% | -1001.5% | ||
| Q2 24 | 84.2% | -3124.3% | ||
| Q1 24 | 24.4% | -2177.0% |
| Q4 25 | $-2.34 | $0.09 | ||
| Q3 25 | $-0.58 | $-0.50 | ||
| Q2 25 | $-0.38 | $-1.67 | ||
| Q1 25 | $-0.84 | $-4.68 | ||
| Q4 24 | $-1.44 | $51.11 | ||
| Q3 24 | $-1.77 | $-0.98 | ||
| Q2 24 | $2.15 | $-17.45 | ||
| Q1 24 | $1.42 | $-24.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $58.5M | $12.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $232.6M | $43.0M |
| Total Assets | $250.2M | $117.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $58.5M | $12.9M | ||
| Q3 25 | $23.7M | $12.7M | ||
| Q2 25 | $696.3K | $2.2M | ||
| Q1 25 | $434.4K | $2.6M | ||
| Q4 24 | $239.2K | $6.6M | ||
| Q3 24 | $2.4M | $3.2M | ||
| Q2 24 | $363.1K | $5.3M | ||
| Q1 24 | $808.8K | $6.7M |
| Q4 25 | $232.6M | $43.0M | ||
| Q3 25 | $339.2M | $32.1M | ||
| Q2 25 | $8.9M | $22.3M | ||
| Q1 25 | $9.7M | $31.4M | ||
| Q4 24 | $11.9M | $-40.8M | ||
| Q3 24 | $13.0M | $47.3M | ||
| Q2 24 | $13.8M | $58.6M | ||
| Q1 24 | $3.9M | $67.4M |
| Q4 25 | $250.2M | $117.9M | ||
| Q3 25 | $355.5M | $116.7M | ||
| Q2 25 | $48.7M | $99.3M | ||
| Q1 25 | $47.6M | $115.5M | ||
| Q4 24 | $50.8M | $37.4M | ||
| Q3 24 | $49.2M | $101.4M | ||
| Q2 24 | $48.4M | $105.4M | ||
| Q1 24 | $50.2M | $113.9M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-11.0M | $-10.5M |
| Free Cash FlowOCF − Capex | $-11.0M | $-11.1M |
| FCF MarginFCF / Revenue | -107.7% | -89.0% |
| Capex IntensityCapex / Revenue | 0.0% | 4.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.0M | $-10.5M | ||
| Q3 25 | $-1.6M | — | ||
| Q2 25 | $-659.2K | — | ||
| Q1 25 | $999.8K | $-8.2M | ||
| Q4 24 | $-6.6M | $2.0M | ||
| Q3 24 | $77.7K | — | ||
| Q2 24 | $-440.3K | $-12.1M | ||
| Q1 24 | $-723.3K | $-18.0M |
| Q4 25 | $-11.0M | $-11.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | $-661.3K | — | ||
| Q1 25 | $999.7K | $-8.2M | ||
| Q4 24 | $-6.6M | $1.2M | ||
| Q3 24 | $73.0K | — | ||
| Q2 24 | — | $-12.8M | ||
| Q1 24 | — | $-21.0M |
| Q4 25 | -107.7% | -89.0% | ||
| Q3 25 | — | — | ||
| Q2 25 | -8.7% | — | ||
| Q1 25 | 10.1% | -1275.0% | ||
| Q4 24 | -32.7% | 52.2% | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | — | -1523.4% | ||
| Q1 24 | — | -1567.2% |
| Q4 25 | 0.0% | 4.8% | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | 2.8% | ||
| Q4 24 | 0.0% | 31.2% | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | — | 87.1% | ||
| Q1 24 | — | 225.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.10× | — | ||
| Q1 24 | -0.37× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
