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WKHS · XBRL financial data

Workhorse Group financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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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

CSV

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

In thousands of dollarsDec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023†Dec 31, 2024Dec 31, 2025
Revenue from contracts with customers1,393(852)5,02313,0956,61621,211
Cost of revenue13,067132,49237,67238,35128,84230,766
Gross profit(11,675)(133,344)(32,649)(25,256)(22,226)(9,555)
Research and development9,14911,61023,21424,4689,14913,163
Selling, general and administrative20,15840,16173,22055,57542,51224,722
Total operating expenses29,30751,77196,43480,04351,66137,885
Other operating income (expense)323,112(225,433)13,647(10,000)——
Operating income (loss)282,131(185,115)(129,083)(105,298)(73,887)(47,440)
Interest expense190,520—————
Other income (expense)———(10,000)0(259)
Income tax expense (benefit)21,834(21,847)0(111)(117)4
Net income (loss)69,776(401,345)(117,274)(123,919)(101,790)(64,086)
Earnings per share, basic‡ USD per share1.56(6.47)(1.54)(1.25)(5.36)(6.76)
Earnings per share, diluted‡ USD per share1.45(6.47)(1.54)(1.25)(5.36)(6.76)
Weighted average shares, basic‡ thousands of shares44,75862,01376,42299,90018,9819,475
Weighted average shares, diluted‡ thousands of shares48,16962,01376,42299,90018,9819,475
  • ‡ 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 1/3 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.

Balance sheet

CSV

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

In thousands of dollarsDec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023†Dec 31, 2024Dec 31, 2025
Cash and cash equivalents46,818201,64799,27625,8464,12012,920
Accounts receivable8841502,0794,4705383,889
Inventory15,46710,0678,85045,40841,83939,065
Prepaid and other current assets32,7594,35814,1528,1015,8663,948
Total current assets290,493216,222139,35893,82553,43259,822
Property and equipment, net11,3987,89821,50137,87732,97722,470
Right-of-use asset01,5395,8854,1753,24821,872
Goodwill———003,130
Total assets632,542228,139182,742141,67593,841117,892
Accounts payable4,7917,85011,89112,45611,50911,635
Accrued liabilities5,99514,75344,5514,8638,73217,031
Current portion of long-term debt1,4110————
Total current liabilities17,59727,55063,31053,28245,23638,852
Lease liability, non-current01,1916,2925,2814,29618,777
Total liabilities237,33853,44674,15658,56349,55374,850
Accumulated deficit(109,030)(510,375)(627,649)(751,568)(853,359)(319,023)
Total stockholders' equity395,204174,693108,58783,11244,28843,042
Total liabilities and equity632,542228,139182,742141,67593,841117,892
Common shares outstanding (cover page)‡ thousands of shares59,52172,93682,490151,72549,40310,450
  • ‡ 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 1/3 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.

Cash flows

CSV

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

In thousands of dollarsDec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023†Dec 31, 2024Dec 31, 2025
Net income (loss)69,776(401,345)(117,274)(123,919)(101,790)(64,086)
Stock-based compensation4,0214,94311,46013,42210,061678
Depreciation and amortization8101,9081,9454,0637,9081,235
Net cash from operating activities(70,279)(132,577)(93,819)(123,024)(47,590)(35,553)
Purchases of property and equipment5,7285,31417,49718,6874,064603
Net cash from investing activities(5,728)99,813(20,020)(18,687)(4,064)9,827
Proceeds from issuing common stock0012,88462,1567,344—
Proceeds from issuing equity0—————
Repayments of long-term debt0—————
Net cash from financing activities292,368(6,817)11,46778,28120,45332,017
Net change in cash216,361(39,582)(102,371)(63,430)(31,201)6,291
  • † Share count changed about 1/3 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.

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 $10B of public float.
  • * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
  • A cell reading “not reported” means the filings give no figure for that quarter alone.
CompanyCash ($K)Revenue, quarter ($K)Operating cash flow, quarter ($K)Shares outstandingRunwayQuarter
Workhorse Group9,6293,562(24,076)*10.9M0.4 quarters 10-QJun 30, 2026
Xos13,2354,740(2,687)*14.2M4.9 quarters 10-QJun 30, 2026
Rubber Leaf1.42,774(37)*41.1M0.0 quarters 10-QJun 30, 2026
Worksport1,1605,230(3,442)*15.3M0.3 quarters 10-QJun 30, 2026
Phoenix Motor2762,491(820)*12.9M0.3 quarters 10-QSep 30, 2025
ECD Automotive Design1585,783(1,699)*2.5M0.1 quarters 10-QSep 30, 2025
Thunder Power Holdings12271(168)*82.6M0.1 quarters 10-QJun 30, 2026
AEye11,210202(7,287)*46.5M9.8 quarters 10-QJun 30, 2026
Stark Novus Financial21,525not reported(938)*16.3M30.8 quarters 10-QJun 30, 2026

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