Workhorse Group Inc. Income Statement
WKHS|14 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 14 fiscal years. All figures from audited SEC 10-K filings.
Workhorse Group Inc. reported $7M in revenue and $52M in net loss for FY2025. Revenue has grown at a 32.2% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
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.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.0M | $13.1M | $5.0M | $1.4M | $376.6K | $763.2K | $10.0M | $6.4M | $140.0K | $177.5K | $177.5K | $272.1K | $190.0K | $140.7K |
| Cost of Revenue | $13.2M | $38.4M | $37.7M | $13.1M | $5.8M | $8.0M | $24.4M | $13.6M | $13.6M | - | - | - | - | - |
| Gross Profit | -$6.1M | -$25.3M | -$32.6M | -$11.7M | -$5.5M | -$15.2M | -$14.5M | -$7.2M | $140.0K | - | - | - | - | - |
| SG&A Expense | $16.0M | $55.6M | $73.2M | $20.2M | $10.2M | $11.5M | $8.8M | $6.2M | $3.9M | $3.0M | $3.1M | - | - | - |
| R&D Expense | $12.9M | $24.5M | $23.2M | $9.1M | $8.2M | $7.4M | $17.7M | $6.1M | $4.7M | $3.4M | $2.9M | $2.1M | $4.8M | - |
| Operating Income | -$41.3M | -$105.3M | -$129.1M | -$41.0M | -$8.0M | -$34.1M | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | -$1.8M | -$190.5M | $29.1M | $2.4M | $180.4K | $44.0K | $965.9K | $399.0K | - | $230.9K | $10.6K | $13.2K |
| Income Tax | $1.0K | -$110.5K | $0 | $21.8M | $0 | $0 | - | - | - | - | - | - | - | - |
| Net Income | -$51.6M | -$123.9M | -$117.3M | $69.8M | -$37.2M | -$36.5M | -$41.2M | -$19.6M | -$9.4M | -$6.6M | -$456.1K | -$456.1K | -$456.1K | -$456.1K |
| EPS (Basic) | -$9.43 | -$149.45 | -$0.74 | $0.75 | -$0.58 | - | - | - | - | - | - | - | - | - |
| EPS (Diluted) | -$9.43 | -$149.45 | -$0.74 | $0.70 | -$0.58 | - | - | -$0.78 | -$0.55 | -$0.49 | -$0.08 | -$0.10 | -$0.26 | -$0.23 |
| Shares Outstanding | 9.7M | 1.1M | 165.6M | 151.9M | 67.1M | 58.3M | 41.5M | 27.6M | 18.2M | 15.0M | 82.7M | 56.0M | 38.7M | 27.7M |
| Gross Margin | -87.3% | -192.9% | -650.0% | -838.4% | -1452.2% | -1990.4% | -144.2% | -111.7% | 100.0% | - | - | - | - | - |
| Operating Margin | -586.7% | -804.1% | -2569.8% | -2943.0% | -2129.0% | -4463.9% | - | - | - | - | - | - | - | - |
| Profit Margin | -732.4% | -946.3% | -2334.7% | 5010.8% | -9869.0% | -4783.0% | -410.6% | -304.9% | -6734.4% | -3723.2% | -257.0% | -167.6% | -240.0% | -324.2% |