Workhorse Group Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2020	FY 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Net Income	-56.42	-51.59	-46.84	-	-
Depreciation & Amortization	1.28	1.34	1.24	-	-
Other Amortization	0.05	0.07	0.94	-	-
Loss (Gain) From Sale of Assets	6.25	6.25	-	-	-
Stock-Based Compensation	0.58	0.55	0.85	-	-
Other Operating Activities	3.49	3.25	6.12	-	-
Change in Accounts Receivable	-4.73	1.52	-1.29	-	-
Change in Inventory	-5.01	-5.04	-2.58	-	-
Change in Accounts Payable	-0.17	-1.01	-0.15	-	-
Change in Unearned Revenue	-0.05	-0.05	0.27	-	-
Change in Other Net Operating Assets	10.88	6.56	0.66	-	-
Operating Cash Flow	-43.85	-38.15	-40.81	-	-
Capital Expenditures	-1.41	-4.76	-1.28	-	-
Sale (Purchase) of Intangibles	-	-	-0.13	-	-
Investing Cash Flow	-1.41	-4.76	-1.41	-	-
Short-Term Debt Issued	-	45	50	-	-
Total Debt Issued	43	45	50	-	-
Long-Term Debt Repaid	-	-0	-9.66	-	-
Net Debt Issued (Repaid)	43	45	40.34	-	-
Issuance of Common Stock	0	0.04	0.01	-	-
Financing Cash Flow	43.25	45.29	40.35	-	-
Net Cash Flow	-2.01	2.37	-1.87	-	-
Free Cash Flow	-45.26	-42.91	-42.09	-	-
Free Cash Flow Margin	-573.24%	-609.24%	-249.25%	-	-
Free Cash Flow Per Share	-22.96	-21.79	-	-	-
Cash Interest Paid	-	-	0.71	-	-
Cash Income Tax Paid	0	0	0	-	-
Levered Free Cash Flow	-	-35.67	-	-	-
Unlevered Free Cash Flow	-	-29.27	-	-	-
Change in Working Capital	0.92	1.98	-3.1	-	-

Updated Aug 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q