# Workhorse Group Inc.: overview

WKHS · Nasdaq · CIK 1425287 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/wkhs.md) · [Financials](/companies/wkhs/financials.md) · [Filings](/companies/wkhs/filings.md) · [Insiders](/companies/wkhs/insiders.md)

Latest reported revenue: [$3.6m](/filings/0001628280-26-056708.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 13, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-056708).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [2.5](/filings/0001628280-25-051161.md) | [2.4 d](/filings/0001628280-26-022417.md) | [1.1](/filings/0001628280-26-035109.md) | [0.8](/filings/0001628280-26-056708.md) | [2.4](/filings/0001628280-25-051161.md) | [12.5 d](/filings/0001628280-26-022417.md) | [4.3](/filings/0001628280-26-035109.md) | [3.6](/filings/0001628280-26-056708.md) |
| Gross margin | % | [(164.7%)](/filings/0001628280-25-051161.md) | [448.4% d](/filings/0001628280-26-022417.md) | [(94.2%)](/filings/0001628280-26-035109.md) | [(181.2%)](/filings/0001628280-26-056708.md) | [(323.2%)](/filings/0001628280-25-051161.md) | [80.4% d](/filings/0001628280-26-022417.md) | [(172.8%)](/filings/0001628280-26-035109.md) | [(209.8%)](/filings/0001628280-26-056708.md) |
| Operating margin | % | [(564.5%)](/filings/0001628280-25-051161.md) | [726.2% d](/filings/0001628280-26-022417.md) | [(792.9%)](/filings/0001628280-26-035109.md) | [(1203.3%)](/filings/0001628280-26-056708.md) | [(694.2%)](/filings/0001628280-25-051161.md) | [(28.6%) d](/filings/0001628280-26-022417.md) | [(487.3%)](/filings/0001628280-26-035109.md) | [(545.2%)](/filings/0001628280-26-056708.md) |
| Net margin | % | [(1001.5%)](/filings/0001628280-25-051161.md) | [1233.7% d](/filings/0001628280-26-022417.md) | [(1105.3%)](/filings/0001628280-26-056708.md) | [(1712.9%)](/filings/0001628280-26-056708.md) | [(328.2%)](/filings/0001628280-25-051161.md) | [(166.5%) d](/filings/0001628280-26-022417.md) | [(459.3%)](/filings/0001628280-26-056708.md) | [(566.3%)](/filings/0001628280-26-056708.md) |
| Diluted EPS | $ per share | [(19.00)](/filings/0001628280-25-051161.md) | not reported | [(1.36)](/filings/0001628280-26-035109.md) | [(1.38)](/filings/0001628280-26-056708.md) | [(0.50)](/filings/0001628280-25-051161.md) | not reported | [(1.99)](/filings/0001628280-26-035109.md) | [(1.86)](/filings/0001628280-26-056708.md) |
| Free cash flow | $m | [(10.3) d](/filings/0001628280-25-051161.md) | [1.2 d](/filings/0001628280-26-022417.md) | [(12.7)](/filings/0001628280-26-035109.md) | [(9.3) d](/filings/0001628280-26-056708.md) | [(3.6) d](/filings/0001628280-25-051161.md) | [(11.1) d](/filings/0001628280-26-022417.md) | [(16.6)](/filings/0001628280-26-035109.md) | [(24.2) d](/filings/0001628280-26-056708.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [(0.9)](/filings/0001425287-23-000055.md) | [5.0](/filings/0001425287-24-000068.md) | [13.1](/filings/0001425287-25-000024.md) | [7.0](/filings/0001628280-26-022417.md) | [21.2](/filings/0001628280-26-022417.md) |
| Gross margin | % | [15652.1%](/filings/0001425287-23-000055.md) | [(650.0%)](/filings/0001425287-24-000068.md) | [(192.9%)](/filings/0001425287-25-000024.md) | [(87.3%)](/filings/0001628280-26-022417.md) | [(45.0%)](/filings/0001628280-26-022417.md) |
| Operating margin | % | [21729.1%](/filings/0001425287-23-000055.md) | [(2569.8%)](/filings/0001425287-24-000068.md) | [(804.1%)](/filings/0001425287-25-000024.md) | [(586.7%)](/filings/0001628280-26-022417.md) | [(223.7%)](/filings/0001628280-26-022417.md) |
| Net margin | % | [47110.5%](/filings/0001425287-23-000055.md) | [(2334.7%)](/filings/0001425287-24-000068.md) | [(946.3%)](/filings/0001425287-25-000024.md) | [(732.4%)](/filings/0001628280-26-022417.md) | [(302.1%)](/filings/0001628280-26-022417.md) |
| Diluted EPS | $ per share | [(3.12)](/filings/0001425287-23-000055.md) | [(0.74)](/filings/0001425287-24-000068.md) | [(149.45)](/filings/0001425287-25-000024.md) | [(9.43)](/filings/0001628280-26-022417.md) | [(6.76)](/filings/0001628280-26-022417.md) |
| Free cash flow | $m | [(138)](/filings/0001425287-23-000055.md) | [(111)](/filings/0001425287-24-000068.md) | [(142)](/filings/0001425287-25-000024.md) | [(42.9)](/filings/0001628280-26-022417.md) | [(36.2)](/filings/0001628280-26-022417.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/wkhs/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $924.8k | 301,233 |  | Added +216,823 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $146.2k | 47,618 |  | Added +15,384 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $141.8k | 46,204 |  | Reduced −4,530 |
| [J. Safra Sarasin Holding AG](/funds/1890222.md) | 2026-06-30 | $96.5k | 31,436 |  | New +31,436 |
| [VANGUARD FIDUCIARY TRUST CO](/funds/933478.md) | 2026-06-30 | $87.0k | 28,342 |  | Added +16,723 |
| [NORTHERN TRUST CORP](/funds/73124.md) | 2026-06-30 | $36.1k | 11,760 |  | New +11,760 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $4.5k | 1,471 |  | Added +1,455 |
| [Tower Research Capital LLC (TRC)](/funds/1533421.md) | 2026-06-30 | $1.1k | 357 |  | New +357 |
| [GROUP ONE TRADING LLC](/funds/932540.md) | 2026-06-30 | $433 | 141 |  | Reduced −1 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $392 | 127 |  | Added +84 |

## Recent filings

[All 1,123 filings](/companies/wkhs/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 16:16 ET | [8-K](/filings/0001628280-26-068250.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001628280-26-068250 |
| 2026-09-28 | 16:15 ET | [8-K](/filings/0001628280-26-063719.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001628280-26-063719 |
| 2026-08-25 | 17:12 ET | [SCHEDULE 13D/A](/filings/0002097390-26-000006.md) | Ownership report, active investor, amended | 0002097390-26-000006 |
| 2026-08-13 | 16:08 ET | [10-Q](/filings/0001628280-26-056708.md) | Quarterly report, period 2026-06-30 | 0001628280-26-056708 |
| 2026-08-13 | 16:07 ET | [8-K](/filings/0001628280-26-056707.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-056707 |
| 2026-08-12 | 16:34 ET | [8-K](/filings/0001628280-26-056273.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 3.02 Unregistered sale of equity; 8.01 Other events; 9.01 Financial statements and exhibits | 0001628280-26-056273 |
| 2026-07-28 | 09:11 ET | [8-K](/filings/0001628280-26-049946.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-049946 |
| 2026-07-23 | 16:04 ET | [8-K](/filings/0001628280-26-049382.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001628280-26-049382 |
| 2026-07-13 | 17:01 ET | [8-K](/filings/0001628280-26-048051.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001628280-26-048051 |
| 2026-06-30 | 16:06 ET | [8-K](/filings/0001628280-26-046224.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001628280-26-046224 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-022417.md), filed Mar 31, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/d6da0c14-9de7-42a1-8a3f-5d7d2f421d36)

## About the filer

- CIK: 1425287
- Tickers: WKHS
- Exchange: Nasdaq
- SIC code: 3711 Motor Vehicles & Passenger Car Bodies
- State of incorporation: NV
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 16:17 ET. No prices; not investment advice.
