Workhorse Group Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	0.6	12.92	6.63	25.85	99.28	201.65
Cash & Short-Term Investments	0.6	12.92	6.63	25.85	99.28	201.65
Cash Growth	-77.31%	94.90%	-74.35%	-73.97%	-50.77%	330.71%
Accounts Receivable	3.42	3.89	3.59	2.33	2.08	0.15
Other Receivables	-	-	-	2.14	15	-
Total Trade Receivables	3.42	3.89	3.59	4.47	17.08	0.15
Inventory	37.27	39.07	21.4	45.41	8.85	10.07
Other Current Assets	5.74	3.95	2.55	18.1	14.15	4.36
Total Current Assets	47.03	59.82	34.18	93.83	139.36	216.22
Net Property, Plant & Equipment	41.76	44.34	3.09	47.67	33.21	9.44
Other Intangible Assets	10.04	10.18	-	-	-	-
Goodwill	3.48	3.13	-	-	-	-
Long-Term Investments	-	-	-	-	10	-
Other Long-Term Assets	0.42	0.42	0.14	0.18	0.18	2.48
Total Assets	102.74	117.89	37.41	141.68	182.74	228.14
Accounts Payable	13.46	11.64	2.07	12.46	10.24	7.85
Accrued Expenses	15.82	17.03	4.8	6.77	48.42	19.34
Short-Term Debt	5	-	68.36	-	-	-
Current Portion of Long-Term Debt	-	-	-	20.18	-	-
Current Portion of Leases	1.39	3.62	0.89	3.56	1.29	0.36
Unearned Revenue	1.29	0.5	0.79	4.71	3.38	-
Other Current Liabilities	1.34	6.07	-	5.61	-	-
Total Current Liabilities	38.3	38.85	76.92	53.28	63.31	27.55
Long-Term Debt	15.68	15.43	-	-	-	24.71
Long-Term Leases	20.84	18.78	0.09	5.28	8.84	1.19
Other Long-Term Liabilities	1.72	1.79	1.22	-	2.01	-
Total Long-Term Liabilities	38.24	36	1.31	5.28	10.85	25.9
Total Liabilities	76.54	74.85	78.23	58.56	74.16	53.45
Preferred Stock	-	-	0.05	-	-	-
Common Stock	0.01	0.01	0.01	0	0.17	0.15
Additional Paid-in Capital	365.09	362.06	214.06	834.68	736.07	686.32
Accumulated Other Comprehensive Income	-	-	-	-	-	-1.4
Retained Earnings	-338.91	-319.02	-254.94	-751.57	-627.65	-510.38
Shareholders' Equity	26.19	43.04	-40.82	83.11	108.59	174.69
Total Liabilities & Equity	102.74	117.89	37.41	141.68	182.74	228.14
Total Debt	42.91	37.82	69.34	29.02	10.13	26.26
Net Cash (Debt)	-42.31	-24.9	-62.71	-3.18	89.15	175.39
Net Cash Growth	-	-	-	-	-49.17%	-
Net Cash Per Share	-7.81	-2.63	-11.47	-45.95	16865.91	40890.61
Book Value	26.19	43.04	-40.82	83.11	108.59	174.69
Book Value Per Share	4.83	4.54	-7.47	1202.82	20542.80	40728.50
Tangible Book Value	12.67	29.73	-40.82	83.11	108.59	174.69
Tangible Book Value Per Share	2.34	3.14	-7.47	1202.82	20542.80	40728.50

SEC Filings: 10-K · 10-Q