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Side-by-side financial comparison of SOLESENCE, INC. (SLSN) 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 $12.5M, roughly 1.0× SOLESENCE, INC.). SOLESENCE, INC. runs the higher net margin — 1.3% vs -166.5%, a 167.8% gap on every dollar of revenue. On growth, Workhorse Group Inc. posted the faster year-over-year revenue change (432.0% vs -0.7%). Over the past eight quarters, Workhorse Group Inc.'s revenue compounded faster (205.7% CAGR vs 12.5%).
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.
SLSN vs WKHS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $12.5M |
| Net Profit | $163.0K | $-20.8M |
| Gross Margin | 27.5% | 80.4% |
| Operating Margin | 1.5% | -28.6% |
| Net Margin | 1.3% | -166.5% |
| Revenue YoY | -0.7% | 432.0% |
| Net Profit YoY | 129.2% | -171.8% |
| EPS (diluted) | $0.00 | $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 | $12.5M | $12.5M | ||
| Q3 25 | $14.6M | $2.4M | ||
| Q2 25 | $20.4M | $5.7M | ||
| Q1 25 | $14.6M | $640.9K | ||
| Q4 24 | $12.6M | $2.4M | ||
| Q3 24 | $16.9M | $2.5M | ||
| Q2 24 | $13.0M | $842.4K | ||
| Q1 24 | $9.9M | $1.3M |
| Q4 25 | $163.0K | $-20.8M | ||
| Q3 25 | $-1.1M | $-7.8M | ||
| Q2 25 | $2.7M | $-14.8M | ||
| Q1 25 | $80.0K | $-20.6M | ||
| Q4 24 | $-559.0K | $29.0M | ||
| Q3 24 | $3.0M | $-25.1M | ||
| Q2 24 | $856.0K | $-26.3M | ||
| Q1 24 | $893.0K | $-29.2M |
| Q4 25 | 27.5% | 80.4% | ||
| Q3 25 | 23.1% | -323.2% | ||
| Q2 25 | 28.9% | -130.2% | ||
| Q1 25 | 23.1% | — | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 36.2% | -164.7% | ||
| Q2 24 | 28.7% | — | ||
| Q1 24 | 36.3% | — |
| Q4 25 | 1.5% | -28.6% | ||
| Q3 25 | -5.4% | -694.2% | ||
| Q2 25 | 9.4% | -255.3% | ||
| Q1 25 | 1.8% | -2002.9% | ||
| Q4 24 | -1.8% | — | ||
| Q3 24 | 19.0% | -564.5% | ||
| Q2 24 | 8.0% | -2435.6% | ||
| Q1 24 | 11.3% | -1771.6% |
| Q4 25 | 1.3% | -166.5% | ||
| Q3 25 | -7.7% | -328.2% | ||
| Q2 25 | 13.1% | -260.7% | ||
| Q1 25 | 0.5% | -3221.0% | ||
| Q4 24 | -4.4% | 1233.7% | ||
| Q3 24 | 18.1% | -1001.5% | ||
| Q2 24 | 6.6% | -3124.3% | ||
| Q1 24 | 9.0% | -2177.0% |
| Q4 25 | $0.00 | $0.09 | ||
| Q3 25 | $-0.02 | $-0.50 | ||
| Q2 25 | $0.04 | $-1.67 | ||
| Q1 25 | $0.00 | $-4.68 | ||
| Q4 24 | $0.00 | $51.11 | ||
| Q3 24 | $0.04 | $-0.98 | ||
| Q2 24 | $0.01 | $-17.45 | ||
| Q1 24 | $0.02 | $-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 | $1.3M | $12.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.6M | $43.0M |
| Total Assets | $50.1M | $117.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3M | $12.9M | ||
| Q3 25 | $429.0K | $12.7M | ||
| Q2 25 | $4.1M | $2.2M | ||
| Q1 25 | $1.8M | $2.6M | ||
| Q4 24 | $1.4M | $6.6M | ||
| Q3 24 | $2.9M | $3.2M | ||
| Q2 24 | $2.4M | $5.3M | ||
| Q1 24 | $2.0M | $6.7M |
| Q4 25 | $17.6M | $43.0M | ||
| Q3 25 | $17.2M | $32.1M | ||
| Q2 25 | $18.2M | $22.3M | ||
| Q1 25 | $15.2M | $31.4M | ||
| Q4 24 | $14.9M | $-40.8M | ||
| Q3 24 | $15.2M | $47.3M | ||
| Q2 24 | $11.9M | $58.6M | ||
| Q1 24 | $5.0M | $67.4M |
| Q4 25 | $50.1M | $117.9M | ||
| Q3 25 | $54.0M | $116.7M | ||
| Q2 25 | $60.0M | $99.3M | ||
| Q1 25 | $57.0M | $115.5M | ||
| Q4 24 | $50.0M | $37.4M | ||
| Q3 24 | $48.0M | $101.4M | ||
| Q2 24 | $40.8M | $105.4M | ||
| Q1 24 | $38.5M | $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 | $1.8M | $-10.5M |
| Free Cash FlowOCF − Capex | — | $-11.1M |
| FCF MarginFCF / Revenue | — | -89.0% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | 11.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8M | $-10.5M | ||
| Q3 25 | $-2.5M | — | ||
| Q2 25 | $-654.0K | — | ||
| Q1 25 | $-7.2M | $-8.2M | ||
| Q4 24 | $2.2M | $2.0M | ||
| Q3 24 | $4.2M | — | ||
| Q2 24 | $-565.0K | $-12.1M | ||
| Q1 24 | $-3.9M | $-18.0M |
| Q4 25 | — | $-11.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-8.2M | ||
| Q4 24 | $-404.0K | $1.2M | ||
| Q3 24 | $2.8M | — | ||
| Q2 24 | $-1.0M | $-12.8M | ||
| Q1 24 | $-3.9M | $-21.0M |
| Q4 25 | — | -89.0% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -1275.0% | ||
| Q4 24 | -3.2% | 52.2% | ||
| Q3 24 | 16.6% | — | ||
| Q2 24 | -8.0% | -1523.4% | ||
| Q1 24 | -39.9% | -1567.2% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | 20.6% | 31.2% | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 3.7% | 87.1% | ||
| Q1 24 | 0.9% | 225.9% |
| Q4 25 | 11.16× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.25× | — | ||
| Q1 25 | -90.26× | — | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | 1.38× | — | ||
| Q2 24 | -0.66× | — | ||
| Q1 24 | -4.32× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
