WKHS · XBRL financial data

Workhorse Group financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (WKHS's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24†Dec 31, 2024	Q1 FY25†Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25†Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue from contracts with customers	3	4*	1	1	3	2*	1	6	2	year only	4	4
Cost of revenue	7	18*	7	7	7	7*	5	13	10	2*	12	11
Gross profit	(4)	(14)*	(6)	(6)	(4)	(6)*	(5)	(7)	(8)	—	(7)	(7)
Research and development	6	6*	4	2	2	1*	2	1	1	9*	4	4
Selling, general and administrative	12	15*	14	12	8	9*	7	6	8	4*	10	8
Total operating expenses	18	22*	18	14	10	10*	8	7	9	14*	14	12
Other operating income (expense)	(10)	0*	—	—	—	—	—	—	—	—	—	—
Operating income (loss)	(21)	(35)*	(24)	(21)	(14)	(15)*	(13)	(14)	(17)	(4)*	(21)	(19)
Other income (expense)	(10)	0*	—	—	0	0*	(0)	(0)	5	(5)*	(0)	(0)
Income tax expense (benefit)	0	(0)*	0	0	0	(0)*	0	0	0	0*	(0)	0
Net income (loss)	(31)	(45)*	(29)	(26)	(25)	(21)*	(21)	(15)	(8)	(21)*	(20)	(20)
Earnings per share, basic‡ USD per share	(0.29)	—	(0.21)	(0.15)	(0.10)	—	(0.04)	(0.01)	(0.00)	—	(1.99)	(1.86)
Earnings per share, diluted‡ USD per share	(0.29)	—	(0.21)	(0.15)	(0.10)	—	(0.04)	(0.01)	(0.00)	—	(1.99)	(1.86)
Weighted average shares, basic‡ millions of shares	104	—	146	182	247	—	531	1,064	1,872	—	10	11
Weighted average shares, diluted‡ millions of shares	104	—	146	182	247	—	531	1,064	1,872	—	10	11

‡ Per-share figures and share counts are adjusted for the 10-for-1 stock split (June 2024); filings made before it reported them unadjusted.
‡ Per-share figures and share counts are adjusted for the 1-for-20 stock split (June 2024); filings made before it reported them unadjusted.
‡ Per-share figures and share counts are adjusted for the 1-for-12.5 stock split (March 2025); filings made before it reported them unadjusted.
‡ Per-share figures and share counts are adjusted for the 12.048192771084336-for-1 stock split (December 2025); filings made before it reported them unadjusted.
† Share count changed about 1/8 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 23x in the period ending 2025-03-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 1/276 in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Balance sheet

CSV

Fiscal quarters (WKHS's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24†Dec 31, 2024	Q1 FY25†Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25†Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	39	26	7	5	3	4	3	2	13	13	1	10
Accounts receivable	7	4	2	1	1	1	0	2	1	4	3	2
Inventory	41	45	50	47	43	42	41	33	30	39	37	38
Prepaid and other current assets	11	8	7	7	7	6	5	4	2	4	5	6
Total current assets	98	94	66	59	57	53	78	64	73	60	47	56
Property and equipment, net	37	38	39	36	35	33	31	29	21	22	21	20
Right-of-use asset	5	4	4	4	3	3	7	6	22	22	21	20
Goodwill	—	0	—	—	—	0	—	—	—	3	3	3
Total assets	146	142	114	105	101	94	115	99	117	118	103	110
Accounts payable	12	12	14	11	11	12	11	11	11	12	13	14
Accrued liabilities	6	5	7	6	8	9	10	11	7	17	12	7
Total current liabilities	26	53	41	42	50	45	80	73	60	39	38	44
Lease liability, non-current	—	5	—	—	5	4	4	3	19	19	21	21
Total liabilities	34	59	46	47	54	50	84	77	85	75	77	103
Accumulated deficit	(706)	(752)	(781)	(807)	(832)	(853)	(874)	(889)	(897)	(319)	(339)	(359)
Total stockholders' equity	113	83	67	59	47	44	31	22	32	43	26	7
Total liabilities and equity	146	142	114	105	101	94	115	99	117	118	103	110
Common shares outstanding (cover page)‡ millions of shares	126	152	181	235	395	49	1,141	1,852	2,887	10	11	11

‡ Per-share figures and share counts are adjusted for the 10-for-1 stock split (June 2024); filings made before it reported them unadjusted.
‡ Per-share figures and share counts are adjusted for the 1-for-20 stock split (June 2024); filings made before it reported them unadjusted.
‡ Per-share figures and share counts are adjusted for the 1-for-12.5 stock split (March 2025); filings made before it reported them unadjusted.
‡ Per-share figures and share counts are adjusted for the 12.048192771084336-for-1 stock split (December 2025); filings made before it reported them unadjusted.
† Share count changed about 1/8 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 23x in the period ending 2025-03-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 1/276 in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Cash flows

CSV

Fiscal quarters (WKHS's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24†Dec 31, 2024	Q1 FY25†Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25†Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	(31)	(45)*	(29)	(26)	(25)	(21)*	(21)	(15)	(8)	(21)*	(20)	(20)
Stock-based compensation	4*	3*	3	3*	2*	2*	1	0*	0*	(1)*	0	0*
Depreciation and amortization	1*	2*	2	2*	2*	2*	2	2*	2*	(4)*	2	2*
Net cash from operating activities	(30)*	(27)*	(18)	(12)*	(10)*	(7)*	(8)	(6)*	(11)*	(11)*	(17)	(24)*
Purchases of property and equipment	6*	2*	3	1*	0*	0*	0	(0)*	0*	1*	0	0*
Net cash from investing activities	(6)*	(2)*	(3)	(1)*	(0)*	(0)*	(0)	0*	19*	(10)*	(0)	(0)*
Proceeds from issuing common stock	12*	9*	4	0*	0*	3*	0	0*	0*	—	—	—
Net cash from financing activities	12*	27*	(8)	11*	8*	9*	34	(0)*	5*	(7)*	5	33*
Net change in cash	(24)*	(3)*	(29)	(1)*	(2)*	1*	26	(6)*	13*	(27)*	(12)	9*

† Share count changed about 1/8 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 23x in the period ending 2025-03-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 1/276 in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Compare with peers

SIC 3711 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3711 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Workhorse Group	9.6	3.6	(24)*	10.9M	0.4 quarters	Q2 FY26 10-QJun 30, 2026
Xos	13	4.7	(2.7)*	14.2M	4.9 quarters	Q2 FY26 10-QJun 30, 2026
Rubber Leaf	0	2.8	(0)*	41.1M	0.0 quarters	Q2 FY26 10-QJun 30, 2026
Worksport	1.2	5.2	(3.4)*	15.3M	0.3 quarters	Q2 FY26 10-QJun 30, 2026
Phoenix Motor	0.3	2.5	(0.8)*	12.9M	0.3 quarters	Q3 FY25 10-QSep 30, 2025
ECD Automotive Design	0.2	5.8	(1.7)*	2.5M	0.1 quarters	Q3 FY25 10-QSep 30, 2025
Thunder Power Holdings	0	0.3	(0.2)*	82.6M	0.1 quarters	Q2 FY26 10-QJun 30, 2026
AEye	11	0.2	(7.3)*	46.5M	9.8 quarters	Q2 FY26 10-QJun 30, 2026
Stark Novus Financial	22	not reported	(0.9)*	16.3M	30.8 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.