Workhorse Group, Inc. (WKHS)

Workhorse Group Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-64.09	-51.59	-123.92	-117.27	-401.34
Depreciation & Amortization	1.24	0.82	4.06	1.95	1.91
Stock-Based Compensation	0.68	0.56	13.42	11.46	4.94
Other Adjustments	4.43	10.09	26.66	21.56	315.33
Change in Receivables	0.05	1.52	-0.35	-16.93	0.98
Changes in Inventories	4.85	-5.04	-39.29	-16.63	-69.61
Changes in Accounts Payable	2.05	-1.01	-2.23	33.68	11.83
Changes in Unearned Revenue	-	-	-0.18	0.5	-
Changes in Other Operating Activities	15.24	6.51	-1.2	-12.13	3.37
Operating Cash Flow	-35.55	-38.15	-123.02	-93.82	-132.58
Capital Expenditures	-0.6	-4.76	-18.69	-17.5	-5.31
Sale of Property, Plant & Equipment	-	-	-	2.48	-
Purchases of Investments	-	-	-	-5	-
Proceeds from Sale of Investments	-	-	-	-	105.13
Other Investing Activities	10.43	-	-	-	-
Investing Cash Flow	9.83	-4.76	-18.69	-20.02	99.81
Short-Term Debt Issued	22	45	-	-	-
Net Short-Term Debt Issued (Repaid)	22	45	-	-	-
Long-Term Debt Issued	10	-	17.5	-	-
Net Long-Term Debt Issued (Repaid)	10	-	17.5	-	-
Issuance of Common Stock	0.02	0.04	61.66	12.32	-4.43
Net Common Stock Issued (Repurchased)	0.02	0.04	61.66	12.32	-4.43
Issuance of Preferred Stock	-	0.25	-	-	-
Net Preferred Stock Issued (Repurchased)	-	0.25	-	-	-
Other Financing Activities	-	-0	-0.88	-0.86	-2.39
Financing Cash Flow	32.02	45.29	78.28	11.47	-6.82
Net Cash Flow	6.29	2.37	-63.43	-102.37	-39.58
Free Cash Flow	-36.16	-42.92	-141.71	-111.32	-137.89
FCF Margin	-170.46%	-609.24%	-1082.20%	-2216.08%	16185.91%
Free Cash Flow Per Share	-3.82	-7.85	-2050.88	-21059.03	-32148.46
Levered Free Cash Flow	-9.32	-10.07	-163.94	-127.4	-459.15
Unlevered Free Cash Flow	-24.67	-44.81	-162.93	-139.21	-233.36

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

SEC Filings: 10-K · 10-Q