Workhorse Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	12.73	4.12	25.85	99.28	201.65	46.82
Cash & Short-Term Investments	12.73	4.12	25.85	99.28	201.65	46.82
Cash Growth	292.20%	-84.06%	-73.97%	-50.77%	330.71%	96.15%
Accounts Receivable	1.15	0.54	2.33	2.08	0.15	1.04
Other Receivables	1.46	0.54	2.14	15	-	-
Total Trade Receivables	2.61	1.08	4.47	17.08	0.15	1.04
Inventory	30	41.84	45.41	8.85	10.07	15.47
Other Current Assets	27.62	6.39	18.1	14.15	4.36	227.17
Total Current Assets	72.96	53.43	93.83	139.36	216.22	290.49
Net Property, Plant & Equipment	43.36	40.23	47.67	33.21	9.44	11.4
Long-Term Investments	-	-	-	10	-	330.56
Other Long-Term Assets	0.42	0.18	0.18	0.18	2.48	0.09
Total Assets	116.74	93.84	141.67	182.74	228.14	632.54
Accounts Payable	11.23	11.51	12.46	10.24	7.85	4.79
Accrued Expenses	8.34	9.59	6.77	48.42	19.34	11.4
Short-Term Debt	-	-	-	-	-	1.41
Current Portion of Long-Term Debt	27.12	10.49	20.18	-	-	-
Current Portion of Leases	2.71	1.51	3.56	1.29	0.36	-
Unearned Revenue	1.06	6.35	4.71	3.38	-	-
Other Current Liabilities	9.98	5.78	5.61	-	-	-
Total Current Liabilities	60.43	45.24	53.28	63.31	27.55	17.6
Long-Term Debt	5.15	-	-	-	24.71	197.7
Long-Term Leases	19.09	4.32	5.28	8.84	1.19	-
Other Long-Term Liabilities	-	-	-	2.01	-	22.04
Total Long-Term Liabilities	24.24	4.32	5.28	10.85	25.9	219.74
Total Liabilities	84.67	49.55	58.56	74.16	53.45	237.34
Common Stock	0.02	0	0	0.17	0.15	0.12
Additional Paid-in Capital	928.66	897.64	834.68	736.07	686.32	504.11
Accumulated Other Comprehensive Income	-	-	-	-	-1.4	-
Retained Earnings	-896.61	-853.36	-751.57	-627.65	-510.37	-109.03
Total Common Shareholders' Equity	32.07	44.29	83.11	108.59	174.69	395.2
Shareholders' Equity	32.07	44.29	83.11	108.59	174.69	395.2
Total Liabilities & Equity	116.74	93.84	141.67	182.74	228.14	632.54
Total Debt	54.06	16.32	29.02	10.13	26.26	199.11
Net Cash (Debt)	-41.34	-12.2	-3.18	89.15	175.39	-152.29
Net Cash Growth	-	-	-	-49.17%	-	-
Net Cash Per Share	-60.50	-74.35	-45.95	1686.59	4089.05	-4571.09
Book Value	32.07	44.29	83.11	108.59	174.69	395.2
Book Value Per Share	46.94	269.87	1202.82	2054.28	4072.85	11862.08
Tangible Book Value	32.07	44.29	83.11	108.59	174.69	395.2
Tangible Book Value Per Share	46.94	269.87	1202.82	2054.28	4072.85	11862.08

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q