Workhorse Group Income Statement

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 2020	FY 2019
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	27.21	21.21	7.04	16.88	1.39	0.38
Revenue Growth	244.54%	201.12%	-58.28%	1112.53%	269.80%	-
Cost of Revenue	49.28	30.77	13.19	29.48	13.07	5.84
Gross Profit	-22.07	-9.56	-6.15	-12.59	-11.67	-5.47
Selling, General & Admin	26.8	18.22	16.05	16.5	20.16	10.2
Research & Development	14.48	13.16	12.89	13.51	9.15	8.2
Other Operating Expenses	-	-	-	-	-323.11	-15.85
Operating Expenses	41.28	31.39	28.94	30.01	-293.81	2.55
Operating Income	-63.35	-40.94	-35.08	-42.6	282.13	-8.02
Interest Expense	-11.18	-17.42	-10.26	-5.05	-190.52	-29.15
Other Non Operating Income (Expenses)	1.53	-0.06	0	0.06	-	-
EBT Excluding Unusual Items	-73	-58.42	-45.34	-47.6	91.61	-37.16
Merger & Restructuring Charges	-5.46	-5.46	-6.25	-	-	-
Gain (Loss) on Sale of Assets	-0.2	-0.2	-	-	-	-
Other Unusual Items	-	-	-	0.76	-	-
Pretax Income	-78.67	-64.08	-51.59	-46.84	91.61	-37.16
Income Tax Expense	-0.03	0	0	0	21.83	-
Net Income	-78.64	-64.09	-51.59	-46.84	69.78	-37.16
Net Income to Common	-78.64	-64.09	-51.59	-46.84	69.78	-37.16
Net Income Growth	-	-	-	-	-	-
Shares Outstanding (Basic)	10	9	5	-	-	-
Shares Outstanding (Diluted)	10	9	5	-	-	-
Shares Change	6.07%	73.28%	-	-	-	-
EPS (Basic)	-7.84	-6.76	-9.43	-	-	-
EPS (Diluted)	-7.85	-6.76	-9.43	-	-	-
EPS Growth	-	-	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2020	FY 2019
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Free Cash Flow	-55.03	-36.16	-42.92	-42.09	-	-
Free Cash Flow Per Share	-5.49	-3.82	-7.85	-	-	-
Gross Margin	-81.13%	-45.05%	-87.25%	-74.59%	-	-
Operating Margin	-232.86%	-193.01%	-498.07%	-252.33%	20260.46%	-2129.03%
Profit Margin	-289.04%	-302.14%	-732.37%	-277.41%	5010.81%	-9868.98%
Free Cash Flow Margin	-202.28%	-170.46%	-609.24%	-249.25%	-	-
EBITDA	-58.86	-39.71	-34.27	-41.83	-	-
EBITDA Margin	-216.36%	-187.19%	-	-247.73%	-	-
D&A For EBITDA	4.49	1.24	0.82	0.78	-	-
EBIT	-63.35	-40.94	-35.08	-42.6	282.13	-8.02
EBIT Margin	-232.86%	-193.01%	-	-252.33%	20260.46%	-
Effective Tax Rate	-	-	-	-	23.83%	-
Advertising Expenses	-	0.8	1.3	-	-	-

SEC Filings: 10-K · 10-Q