Workhorse Group financials
$2.900.00%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6M | $4.3M | $12.5M | $2.4M | $750.0K | $1.1M | $2.4M | $2.5M | $842.4K | $1.3M | $4.4M | $3.0M |
| Gross profit | -$7.5M | -$7.5M | $10.1M | -$7.7M | -$1.4M | -$1.1M | $10.5M | -$4.1M | -$6.5M | -$6.1M | -$13.6M | -$3.5M |
| Gross margin | −209.8% | −172.8% | 80.4% | −323.2% | −181.2% | −94.2% | 448.4% | −164.7% | −766.7% | −455.7% | −309.4% | −116.5% |
| Operating income | -$19.4M | -$21.1M | -$3.6M | -$16.6M | -$9.0M | -$9.1M | $17.1M | -$14.2M | -$20.5M | -$23.7M | -$35.2M | -$21.1M |
| Net income | -$20.2M | -$19.9M | -$20.8M | -$7.8M | -$12.8M | -$12.7M | $29.0M | -$25.1M | -$26.3M | -$29.2M | -$45.3M | -$30.6M |
| Net margin | −566.3% | −459.3% | −166.5% | −328.2% | −1712.9% | −1105.3% | 1233.7% | −1001.5% | −3124.3% | −2177.0% | −1027.1% | −1011.9% |
| Diluted EPS | $-1.86 | $-1.99 | $-5.63 | $-6.00 | $-1.38 | $-1.36 | $1.63 | $-228.00 | $-209.40 | $-289.08 | $-211.50 | $-426.00 |
| EBITDA | -$17.8M | -$19.1M | -$7.9M | -$14.8M | -$8.8M | -$8.9M | $18.2M | -$12.2M | -$18.5M | -$21.8M | -$33.6M | -$20.0M |
| Operating cash flow | -$24.1M | -$16.5M | -$10.5M | -$11.0M | -$9.2M | -$12.5M | $2.0M | -$10.1M | -$12.1M | -$18.0M | -$27.5M | -$29.7M |
| Free cash flow | -$24.2M | -$16.6M | -$11.1M | -$11.0M | -$9.3M | -$12.7M | $1.2M | -$10.3M | -$12.8M | -$21.0M | -$29.6M | -$35.8M |
| Diluted shares | 10.9M | 10.0M | 3.7M | 1.3M | 9.3M | 9.3M | 17.8M | 0.1M | 0.1M | 0.1M | 0.2M | 0.1M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $9.6M | $600.0K | $12.2M | $12.7M | $2.2M | $2.6M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $0.00 | $15.7M | $0.00 | $32.3M | $39.5M | $45.2M |
| Total assets | $110.1M | $102.7M | $117.9M | $116.7M | $99.3M | $115.5M |
| Total liabilities | $103.0M | $76.5M | $74.8M | $84.7M | $76.9M | $84.1M |
| Shareholders' equity | $7.2M | $26.2M | $43.0M | $32.1M | $22.3M | $31.4M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology