Workhorse (WKHS)

Nasdaq Market Open

Workhorse Group, Inc. is an American commercial electric vehicle company focused on battery-powered trucks for fleet operators. The company targets the last-mile delivery and vocational vehicle markets, where parcel carriers, retailers, logistics providers, municipalities, and service fleets are under pressure to reduce emissions while keeping operating costs predictable.

Workhorse designs and manufactures vehicles under its own brand, with an emphasis on all-electric step vans and related vehicle platforms. Its approach combines vehicle engineering, manufacturing, and embedded technology intended to help fleets monitor performance and manage daily operations. The company’s products are built for duty cycles that typically involve repeated stops, urban or suburban routes, and return-to-base charging, making electrification more practical than in many long-haul applications.

The business sits within a competitive but strategically important part of the transportation market. Delivery fleets are evaluating electric vehicles because of regulatory requirements, corporate sustainability goals, lower tailpipe emissions, and the potential for reduced fuel and maintenance expenses. Workhorse seeks to serve that transition with commercial vehicles designed around payload, route efficiency, driver usability, and fleet uptime.

As a listed company, Workhorse is closely tied to the pace of adoption in the electric commercial vehicle industry. Its prospects depend on product execution, manufacturing scale, access to capital, fleet customer demand, and the build-out of charging infrastructure. What distinguishes the company is its focused exposure to zero-emission commercial delivery vehicles rather than the broader passenger EV market.

3.36 USD
−0.21 (-5.85%)

Last updated

Market Cap
39.11M
P/E
P/FCF
P/S
1.57
Enterprise Value
54.19M
Sector
Consumer Discretionary
Industry
Motor Vehicles and Passenger Car Bodies
Address
48443 ALPHA DRIVE #190, WIXOM, MI, 48393
GlobeNewswire Inc.

U.S. Pickup Trucks Market Analysis 2025-2034: A $97.2 Billion Opportunity Driven by Rising Consumer Demand for Versatility and Utility

16 May 2025, 17:58 PM
GlobeNewswire Inc.

Workhorse Group Reports Full Year 2024 Results

31 Mar 2025, 13:00 PM
GlobeNewswire Inc.

UPDATE - Workhorse Partners with Progress Manufacturing Company as Certified Dealer for Specialized Second-Stage Manufacturing

10 Dec 2024, 17:59 PM
GlobeNewswire Inc.

Workhorse Secures GSA Contract, Expanding Access to its Zero-Emission Vehicles for Government and Public Sector Fleets

20 Nov 2024, 00:00 AM
GlobeNewswire Inc.

Workhorse Group Reports Second Quarter 2024 Results

20 Aug 2024, 15:00 PM
GlobeNewswire Inc.

Workhorse Reschedules Second Quarter 2024 Earnings Call to August 20, 2024 at 11:00 AM ET

13 Aug 2024, 23:40 PM
GlobeNewswire Inc.

Workhorse Introduces the W56 Extended Wheelbase Version - GlobeNewswire

10 Jul 2024, 22:07 PM
Invezz

Canoo (GOEV) stock slumped in the first half: will the tide turn? - Invezz

03 Jul 2024, 08:08 AM
GlobeNewswire Inc.

Workhorse W750 to be Showcased at the Georgia Clean Energy Roadshow by Electric Commercial Vehicles

01 Jul 2024, 14:30 PM
GlobeNewswire Inc.

Workhorse Expands Product Offering with Upfit Solutions from Surefitters

27 Jun 2024, 22:05 PM
Zacks Investment Research

Workhorse (WKHS) Adds Eco Auto to Its Certified Dealer Network

27 Jun 2024, 15:20 PM
GlobeNewswire Inc.

Workhorse Expands Certified Dealer Network with Eco Auto of North Boston

26 Jun 2024, 14:30 PM
GlobeNewswire Inc.

Workhorse Group Announces 1-for-20 Reverse Stock Split

13 Jun 2024, 14:30 PM
GlobeNewswire Inc.

Kingsburg Truck Sales Bolsters Workhorse Partnership as Workhorse Sharpens Commercial EV Focus

12 Jun 2024, 14:30 PM
Zacks Investment Research

EV Roundup: LI's Profits Fall in Q1, XPEV's Loss Narrows & More

28 May 2024, 15:43 PM
Zacks Investment Research

Workhorse Group (WKHS) Reports Q1 Loss, Lags Revenue Estimates

21 May 2024, 00:20 AM
GlobeNewswire Inc.

Workhorse Group Reports First Quarter 2024 Results

21 May 2024, 00:00 AM
GlobeNewswire Inc.

Workhorse to Showcase Industry-Leading Electric Commercial Vehicles at ACT Expo in Las Vegas

16 May 2024, 22:30 PM
GlobeNewswire Inc.

Workhorse Group Stockholders Approve Key Proposals at Annual Meeting

14 May 2024, 23:00 PM
Zacks Investment Research

Blue Bird (BLBD) Beats Q2 Earnings and Revenue Estimates

08 May 2024, 23:10 PM
Market Cap
39.11M
Enterprise Value
54.19M
P/E
P/B
1.49
P/S
1.57
EV / EBITDA
-1
EV / Sales
2.18
EPS
-5.81
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-44.64M
ROE
-241.76%
ROA
-61.64%
Debt / Equity
0.6
Current Ratio
1.21
Quick Ratio
0.24
Cash
0.02
Avg Volume
272.78K
Fundamentals Snapshot Price
3.59

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 4.33M 12.52M 2.38M 5.67M 1.15M
Gross profit -7.48M 10.06M -7.71M -7.38M -1.08M
Operating income -21.1M -3.57M -16.56M -14.47M -9.08M
EBITDA -19.08M -7.93M -14.77M -12.65M -8.88M
Net income -19.88M -20.83M -7.83M -14.78M -12.66M
Basic EPS -1.99 47.12 -6 -20.04 -1.36
Diluted EPS -1.99 47.12 -6 -20.04 -1.36

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 102.74M 117.89M 116.74M 99.25M 115.48M
Total liabilities 76.54M 74.85M 84.67M 76.91M 84.09M
Total equity 26.19M 43.04M 32.07M 22.35M 31.39M
Cash & equivalents 600K 12.24M 12.73M 2.19M 2.64M
Current assets 46.35M 59.14M 47.49M 41.16M 49.6M
Current liabilities 38.3M 38.85M 60.43M 73.48M 80.39M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -16.52M -10.54M -10.99M -5.87M -12.49M
Investing cash flow -125K -9.64M 19.47M -168K
Financing cash flow 5M -7.08M 5M -16.32K 10M
Change in cash -11.64M -27.27M 13.48M -5.87M -2.66M
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