Company / Cost of Revenue
Workhorse Group Inc. Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$13.2M
FY2025
5-year range
$5.8M / $38.4M
FY2021-FY2025
Trend
-65.6%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Cost of Revenue has fluctuated over the past 9 years, ranging from $6M in FY2020 to $38M in FY2024.
Based on SEC 10-K filings.
$13M in FY2025 with a 5-year CAGR of +17.7%.
Improved from $38M to $13M over the past 2 years.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +0.3%
- 5-Year CAGR
- +17.7%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +17.7%, indicating consistent growth.
- In FY2025, cost of revenue decreased 65.6% year-over-year.
- Peak cost of revenue was recorded in FY2024.
- Lowest cost of revenue in the period was in FY2020.
Company context
Key Data Points
- Altman Z-Score -1.01 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $13.2M | -65.6% |
| FY2024 | $38.4M | +1.8% |
| FY2023 | $37.7M | +188.3% |
| FY2022 | $13.1M | +123.6% |
| FY2020 | $5.8M | -26.8% |
| FY2019 | $8.0M | -67.3% |
| FY2018 | $24.4M | +79.7% |
| FY2017 | $13.6M | +0.0% |
| FY2016 | $13.6M | - |
| FY2015 | - | - |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026