Company / Net Income
Workhorse Group Inc. Net Income History
FY2015-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Net Income
-$51.6M
FY2025
5-year range
-$123.9M / $69.8M
FY2021-FY2025
Trend
+58.4%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Net Income returned to growth in FY2025 after 2 years of decline, reaching -$52M.
Based on SEC 10-K filings.
-$52M in FY2025.
Improved from -$117M to -$52M over the past 2 years.
Net Income over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- In FY2025, net income increased 58.4% year-over-year.
- Peak net income was recorded in FY2022.
- Lowest net income in the period was in FY2024.
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 | Net IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$51.6M | +58.4% |
| FY2024 | -$123.9M | -5.7% |
| FY2023 | -$117.3M | -268.1% |
| FY2022 | $69.8M | +287.8% |
| FY2020 | -$37.2M | -1.8% |
| FY2019 | -$36.5M | +11.4% |
| FY2018 | -$41.2M | -110.8% |
| FY2017 | -$19.6M | -107.4% |
| FY2016 | -$9.4M | -42.6% |
| FY2015 | -$6.6M | -1348.8% |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026