Company / Shareholders' Equity
Workhorse Group Inc. Shareholders' Equity History
FY2015-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Shareholders' Equity
-$40.8M
FY2025
5-year range
-$40.8M / $174.7M
FY2021-FY2025
Trend
-149.1%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Workhorse Group Inc. reports negative total equity of -$41M in FY2025. Negative equity can occur when accumulated losses exceed contributed capital, as reported in the balance sheet from the SEC filing.
Based on SEC 10-K filings.
-$41M in FY2025.
Declined from $109M to -$41M over the past 2 years.
Shareholders' Equity over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- Workhorse Group Inc.'s shareholders' equity has declined for 3 consecutive years.
- In FY2025, shareholders' equity decreased 149.1% year-over-year.
- Peak shareholders' equity was recorded in FY2022.
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 | Shareholders' EquityValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$40.8M | -149.1% |
| FY2024 | $83.1M | -23.5% |
| FY2023 | $108.6M | -37.8% |
| FY2022 | $174.7M | +1232.7% |
| FY2020 | -$15.4M | +0.0% |
| FY2019 | -$15.4M | -539.2% |
| FY2018 | $3.5M | +192.8% |
| FY2017 | -$3.8M | +0.0% |
| FY2016 | -$3.8M | -367.4% |
| FY2015 | -$809.4K | +57.5% |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026