Workhorse Group Inc. (WKHS)

Workhorse Group Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	2.19	4.12	25.85	99.28	201.65	46.82
Cash & Short-Term Investments	2.19	4.12	25.85	99.28	201.65	46.82
Cash Growth	-58.73%	-84.06%	-73.97%	-50.77%	330.71%	96.15%
Accounts Receivable	2.37	0.54	2.33	2.08	0.15	1.04
Other Receivables	0.14	0.54	2.14	15	-	-
Receivables	2.51	1.08	4.47	17.08	0.15	1.04
Inventory	32.76	41.84	45.41	8.85	10.07	15.47
Prepaid Expenses	0.27	1.45	1.28	1.2	2.21	0.77
Restricted Cash	22.53	0.53	10	-	-	194.41
Other Current Assets	3.43	4.41	6.82	12.95	2.15	31.99
Total Current Assets	63.69	53.43	93.83	139.36	216.22	290.49
Property, Plant & Equipment	35.15	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	99.25	93.84	141.67	182.74	228.14	632.54
Accounts Payable	10.82	11.51	12.46	10.24	7.85	4.79
Accrued Expenses	6.71	4.67	2.08	4.97	8.26	4.25
Short-Term Debt	39.52	-	-	-	-	-
Current Portion of Long-Term Debt	-	10.49	20.18	-	-	1.41
Current Portion of Leases	1.59	1.51	3.56	1.29	0.36	-
Current Unearned Revenue	6.05	6.35	4.71	3.38	-	-
Other Current Liabilities	8.79	10.7	10.29	43.45	11.07	7.15
Total Current Liabilities	73.48	45.24	53.28	63.31	27.55	17.6
Long-Term Debt	-	-	-	-	24.71	197.7
Long-Term Leases	3.42	4.32	5.28	8.84	1.19	-
Long-Term Unearned Revenue	-	-	-	2.01	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	-	21.83
Other Long-Term Liabilities	-	-	-	-	-	0.21
Total Liabilities	76.91	49.55	58.56	74.16	53.45	237.34
Common Stock	0.01	0	0	0.17	0.15	0.12
Additional Paid-In Capital	911.12	897.64	834.68	736.07	686.32	504.11
Retained Earnings	-888.78	-853.36	-751.57	-627.65	-510.37	-109.03
Comprehensive Income & Other	-	-	-	-	-1.4	-
Shareholders' Equity	22.35	44.29	83.11	108.59	174.69	395.2
Total Liabilities & Equity	99.25	93.84	141.67	182.74	228.14	632.54
Total Debt	44.54	16.32	29.02	10.13	26.26	199.11
Net Cash (Debt)	-42.35	-12.2	-3.18	89.15	175.39	-152.29
Net Cash Growth	-	-	-	-49.17%	-	-
Net Cash Per Share	-9.20	-6.20	-3.83	140.55	340.75	-380.92
Filing Date Shares Outstanding	15.37	5.13	1.26	0.68	0.61	0.49
Total Common Shares Outstanding	10.59	3.84	1.14	0.66	0.61	0.49
Working Capital	-9.79	8.2	40.54	76.05	188.67	272.9
Book Value Per Share	2.11	11.52	72.66	163.92	287.48	810.36
Tangible Book Value	22.35	44.29	83.11	108.59	174.69	395.2
Tangible Book Value Per Share	2.11	11.52	72.66	163.92	287.48	810.36
Land	-	2.13	2.13	0.88	0.86	0.79
Buildings	-	12.75	12.68	8.17	6.4	6.01
Machinery	-	33.69	31.13	8.87	5.07	3.93
Construction In Progress	-	0.73	1.1	9.03	0.93	4.13

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q