NASDAQ:WKHS
Workhorse Group Inc.
Workhorse Group Inc.'s revenue grew 201.1% in fiscal 2025 to $21.2M while operating margin rose to −223.7%, its highest in 4 years. Free cash flow was −$36.2M, −170.5% of revenue, and the diluted share count rose 73.3%.Summary generated from Workhorse Group Inc.'s SEC filings. Latest annual report filed Mar 31, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$21.2M
Revenue growth+201.1%
Revenue, 5-yr CAGR+72.4%
Gross margin−45.0%
Operating margin−223.7%
Net margin−302.1%
ROICn/a
Return on equity−5768.3%
Debt / equityn/a
Free cash flow−$36.2M
FCF margin−170.5%
Share count change+73.3%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | −1 | 5 | 13 | 7 | 21 |
| Operating income | −185 | −129 | −105 | −41 | −47 |
| Net income | −401 | −117 | −124 | −52 | −64 |
| Free cash flow | −138 | −111 | −142 | −43 | −36 |
Recent filings
- 8-KDirector or officer change
Sep 28, 2026 - 4Insider transaction report
Aug 25, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 13, 2026 - 8-KResults of operations and financial condition
Aug 13, 2026 - 8-KEntry into a material agreement
Aug 12, 2026 - 8-KRegulation FD disclosure
Jul 28, 2026 - 8-KDirector or officer change
Jul 23, 2026 - 4Insider transaction report
Jul 21, 2026