Workhorse Group Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	12.92	6.63	25.85	99.28	201.65
Cash & Short-Term Investments	12.92	6.63	25.85	99.28	201.65
Cash Growth	94.90%	-74.35%	-73.97%	-50.77%	330.71%
Accounts Receivable	3.89	3.59	2.33	2.08	0.15
Other Receivables	-	-	2.14	15	-
Total Trade Receivables	3.89	3.59	4.47	17.08	0.15
Inventory	39.07	21.4	45.41	8.85	10.07
Other Current Assets	3.95	2.55	18.1	14.15	4.36
Total Current Assets	59.82	34.18	93.83	139.36	216.22
Net Property, Plant & Equipment	44.34	3.09	47.67	33.21	9.44
Other Intangible Assets	10.18	-	-	-	-
Goodwill	3.13	-	-	-	-
Long-Term Investments	-	-	-	10	-
Other Long-Term Assets	0.42	0.14	0.18	0.18	2.48
Total Assets	117.89	37.41	141.68	182.74	228.14
Accounts Payable	11.64	2.07	12.46	10.24	7.85
Accrued Expenses	17.03	4.8	6.77	48.42	19.34
Short-Term Debt	-	68.36	-	-	-
Current Portion of Long-Term Debt	-	-	20.18	-	-
Current Portion of Leases	3.62	0.89	3.56	1.29	0.36
Unearned Revenue	0.5	0.79	4.71	3.38	-
Other Current Liabilities	6.07	-	5.61	-	-
Total Current Liabilities	38.85	76.92	53.28	63.31	27.55
Long-Term Debt	15.43	-	-	-	24.71
Long-Term Leases	18.78	0.09	5.28	8.84	1.19
Other Long-Term Liabilities	1.79	1.22	-	2.01	-
Total Long-Term Liabilities	36	1.31	5.28	10.85	25.9
Total Liabilities	74.85	78.23	58.56	74.16	53.45
Preferred Stock	-	0.05	-	-	-
Common Stock	0.01	0.01	0	0.17	0.15
Additional Paid-in Capital	362.06	214.06	834.68	736.07	686.32
Accumulated Other Comprehensive Income	-	-	-	-	-1.4
Retained Earnings	-319.02	-254.94	-751.57	-627.65	-510.38
Shareholders' Equity	43.04	-40.82	83.11	108.59	174.69
Total Liabilities & Equity	117.89	37.41	141.68	182.74	228.14
Total Debt	37.82	69.34	29.02	10.13	26.26
Net Cash (Debt)	-24.9	-62.71	-3.18	89.15	175.39
Net Cash Growth	-	-	-	-49.17%	-
Net Cash Per Share	-2.63	-11.47	-45.95	16865.91	40890.61
Book Value	43.04	-40.82	83.11	108.59	174.69
Book Value Per Share	4.54	-7.47	1202.82	20542.80	40728.50
Tangible Book Value	29.73	-40.82	83.11	108.59	174.69
Tangible Book Value Per Share	3.14	-7.47	1202.82	20542.80	40728.50

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q