Workhorse Group Inc. (WKHS) quarterly balance sheet — complete assets, liabilities & equity history
Workhorse Group Inc. (WKHS) balance sheet — 19-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 56.49M | 47.03M | 59.82M | 72.96M | 63.69M | 77.54M | 53.43M | 57.47M | 59.47M | 65.64M | 93.83M | 97.78M | 124.29M | 132.85M | 139.36M | 163.18M | 165.15M | 188.65M | 216.22M | 327M |
| Cash & Short-Term Investments | 9.63M | 600K | 12.92M | 12.73M | 2.19M | 2.64M | 4.12M | 3.24M | 5.31M | 6.73M | 25.85M | 38.87M | 62.38M | 79.11M | 99.28M | 120.12M | 140.06M | 167.05M | 201.65M | 230.42M |
| Cash Only | 9.63M | 600K | 12.92M | 12.73M | 2.19M | 2.64M | 4.12M | 3.24M | 5.31M | 6.73M | 25.85M | 38.87M | 62.38M | 79.11M | 99.28M | 120.12M | 140.06M | 167.05M | 201.65M | 230.42M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.28M | 3.42M | 3.89M | 2.61M | 2.51M | 166.78K | 1.08M | 3.68M | 760.5K | 1.77M | 4.47M | 7.42M | 17.84M | 16.82M | 17.08M | 16.55M | 784.67K | 51.43K | 149.78K | 96.45K |
| Days Sales Outstanding | 72.84 | 76 | 23.89 | 98.77 | 21.48 | 87.68 | 113.91 | 81.48 | 136.56 | 211.93 | 124.17 | 383.69 | 397.51 | 900.7 | 448.7 | 514.79 | 3.03K | 633.21 | -5.67 | -163.63 |
| Inventory | 38.17M | 37.27M | 39.06M | 30M | 32.76M | 41.31M | 41.84M | 43.19M | 46.5M | 49.85M | 45.41M | 40.78M | 34.62M | 21.94M | 8.85M | 11.57M | 12.56M | 12.68M | 10.07M | 61.5M |
| Days Inventory Outstanding | 311.11 | 290.84 | 1.29K | 286.03 | 258.21 | 724.46 | 524.61 | 621.11 | 600.46 | 582.36 | 219.81 | 528.98 | 305.38 | 260.03 | 44.28 | 116.62 | 380.17 | 260.88 | 35.36 | 442.15 |
| Other Current Assets | 6.4M | 1.67M | 583K | 26.24M | 23.86M | 29.37M | 1.84M | 1.61M | 1.56M | 981.26K | 10.91M | 9.45M | 827.48K | 718.81K | 505.4K | 613.7K | 514.38K | 487.48K | 1.96M | 365K |
| Total Non-Current Assets | 53.65M | 55.7M | 58.07M | 43.77M | 35.57M | 37.94M | 40.41M | 43.94M | 45.9M | 48.23M | 47.85M | 48.52M | 52.64M | 48.54M | 43.38M | 38.7M | 25.38M | 20.88M | 11.92M | 13.86M |
| Property, Plant & Equipment | 39.92M | 41.76M | 44.34M | 43.36M | 35.15M | 37.52M | 40.23M | 43.76M | 45.73M | 48.05M | 47.67M | 48.34M | 42.46M | 38.36M | 33.21M | 28.52M | 25.25M | 20.75M | 9.44M | 13.86M |
| Fixed Asset Turnover | 0.09x | 0.10x | 0.29x | 0.06x | 0.16x | 0.02x | 0.05x | 0.06x | 0.02x | 0.03x | 0.09x | 0.07x | 0.10x | 0.05x | 0.11x | 0.06x | 0.00x | 0.00x | -0.17x | -0.04x |
| Goodwill | 3.23M | 3.48M | 3.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 9.9M | 10.04M | 10.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10M | 10M | 10M | 10M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 604K | 416K | 416K | 416.31K | 416.31K | 416.31K | 176.31K | 176.31K | 176.31K | 176.31K | 176.31K | 176.31K | 176.31K | 176.31K | 176.31K | 176.31K | 126.31K | 126.31K | 2.48M | 0 |
| Total Assets | 110.14M | 102.74M | 117.89M | 116.74M | 99.25M | 115.48M | 93.84M | 101.41M | 105.38M | 113.87M | 141.67M | 146.3M | 176.93M | 181.38M | 182.74M | 201.88M | 190.53M | 209.53M | 228.14M | 340.86M |
| Asset Turnover | 0.03x | 0.04x | 0.11x | 0.02x | 0.05x | 0.01x | 0.02x | 0.02x | 0.01x | 0.01x | 0.03x | 0.02x | 0.02x | 0.01x | 0.02x | 0.01x | 0.00x | 0.00x | -0.01x | -0.00x |
| Asset Growth % | 10.97% | -11.04% | 25.63% | 15.11% | -5.81% | 1.42% | -33.76% | -30.68% | -40.44% | -37.22% | -22.47% | -27.53% | -7.14% | -13.43% | -19.9% | -40.77% | -57.13% | -56.33% | -63.93% | 182.99% |
| Total Current Liabilities | 44.29M | 38.3M | 38.85M | 60.43M | 73.48M | 80.39M | 45.24M | 49.6M | 41.69M | 41.4M | 53.28M | 25.87M | 58.09M | 65.16M | 63.31M | 60.37M | 17.76M | 21.5M | 27.55M | 174.93M |
| Accounts Payable | 13.93M | 13.46M | 11.63M | 11.23M | 10.82M | 11.09M | 11.51M | 10.57M | 10.5M | 14.23M | 12.46M | 11.94M | 10.23M | 14.46M | 10.24M | 7.73M | 3.79M | 6.26M | 7.85M | 6.02M |
| Days Payables Outstanding | 112.94 | 95.62 | 427.96 | 100.49 | 76.4 | 196.92 | 136.24 | 145.94 | 154.12 | 163.14 | 62.21 | 155.49 | 133.29 | 208.56 | 38.95 | 55.67 | 151.34 | 161.82 | 6.85 | 54.02 |
| Short-Term Debt | 1.31M | 1.39M | 3.62M | 29.83M | 39.52M | 45.24M | 10.49M | 13.18M | 9.65M | 7.87M | 20.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 155.51M |
| Deferred Revenue (Current) | 1M | 1.29M | 1.61M | 1.06M | 6.05M | 6.35M | 6.35M | 6.35M | 6.95M | 4.69M | 4.71M | 0 | 1.41M | 2.21M | 3.38M | 3.38M | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 28.05M | 22.16M | 16.11M | 18.32M | 11.46M | 13.08M | 12.77M | 15.17M | 11.56M | 11.19M | 9.93M | 9.52M | 40.56M | 41.78M | 13.42M | 42.71M | 6.62M | 4.32M | 8.61M | 5.99M |
| Current Ratio | 1.28x | 1.23x | 1.54x | 1.21x | 0.87x | 0.96x | 1.18x | 1.16x | 1.43x | 1.59x | 1.76x | 3.78x | 2.14x | 2.04x | 2.20x | 2.70x | 9.30x | 8.78x | 7.85x | 1.87x |
| Quick Ratio | 0.41x | 0.25x | 0.53x | 0.71x | 0.42x | 0.45x | 0.26x | 0.29x | 0.31x | 0.38x | 0.91x | 2.20x | 1.54x | 1.70x | 2.06x | 2.51x | 8.59x | 8.19x | 7.48x | 1.52x |
| Cash Conversion Cycle | 271.01 | 271.23 | 888.83 | 284.31 | 203.29 | 615.22 | 502.28 | 556.64 | 582.9 | 631.15 | 281.77 | 757.19 | 569.59 | 952.17 | 454.02 | 575.75 | 3.26K | 732.27 | 22.84 | 224.5 |
| Total Non-Current Liabilities | 58.68M | 38.24M | 36M | 24.24M | 3.42M | 3.7M | 4.32M | 4.56M | 5.05M | 5.05M | 5.28M | 7.66M | 11.44M | 11.4M | 10.85M | 10.24M | 8.94M | 31.84M | 25.9M | 25M |
| Long-Term Debt | 26.57M | 26.52M | 15.43M | 19.09M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25.07M | 24.7M | 24.79M |
| Capital Lease Obligations | 0 | 0 | 18.78M | 0 | 3.42M | 3.7M | 4.32M | 4.56M | 5.05M | 5.05M | 5.28M | 7.66M | 8.08M | 8.46M | 8.84M | 8.74M | 8.94M | 6.76M | 1.19M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 32.11M | 11.72M | 1.79M | 5.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 207.04K |
| Total Liabilities | 102.96M | 76.54M | 74.85M | 84.67M | 76.91M | 84.09M | 49.55M | 54.15M | 46.74M | 46.45M | 58.56M | 33.53M | 69.54M | 76.56M | 74.16M | 70.62M | 26.7M | 53.33M | 53.45M | 199.93M |
| Total Debt | 27.88M | 27.91M | 37.82M | 48.91M | 44.54M | 50.7M | 16.32M | 20.84M | 17.73M | 16.34M | 29.02M | 9.22M | 9.56M | 9.85M | 10.13M | 9.84M | 9.99M | 32.81M | 26.26M | 180.3M |
| Net Debt | 18.25M | 27.3M | 24.9M | 36.19M | 42.35M | 48.05M | 12.2M | 17.6M | 12.42M | 9.61M | 3.18M | -29.64M | -52.82M | -69.26M | -89.15M | -110.28M | -130.07M | -134.24M | -175.39M | -50.12M |
| Debt / Equity | 3.88x | 1.07x | 0.88x | 1.53x | 1.99x | 1.61x | 0.37x | 0.44x | 0.30x | 0.24x | 0.35x | 0.08x | 0.09x | 0.09x | 0.09x | 0.07x | 0.06x | 0.21x | 0.15x | 1.28x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -24.34x | -55.26x | -0.82x | -45.62x | -24.39x | -2.93x | -1.95x | -2.02x | -4.10x | -4.37x | -3.36x | - | - | - | -148.63x | - | -220.76x | -43.74x | -8.94x | -12.75x |
| Total Equity | 7.18M | 26.19M | 43.04M | 32.07M | 22.35M | 31.39M | 44.29M | 47.26M | 58.64M | 67.42M | 83.11M | 112.77M | 107.39M | 104.82M | 108.59M | 131.27M | 163.83M | 156.19M | 174.69M | 140.93M |
| Equity Growth % | -67.88% | -16.56% | -2.81% | -32.14% | -61.89% | -53.44% | -46.71% | -58.09% | -45.4% | -35.68% | -23.46% | -14.09% | -34.45% | -32.89% | -37.84% | -6.86% | -26.48% | -43.33% | -55.8% | 1256.5% |
| Book Value per Share | 0.66 | 2.62 | 4.47 | 2.06 | 2.53 | 7.12 | 22.49 | 23.08 | 38.87 | 55.70 | 72.66 | 130.59 | 144.60 | 156.78 | 166.64 | 204.83 | 257.42 | 257.00 | 287.48 | 285.10 |
| Total Shareholders' Equity | 7.18M | 26.19M | 43.04M | 32.07M | 22.35M | 31.39M | 44.29M | 47.26M | 58.64M | 67.42M | 83.11M | 112.77M | 107.39M | 104.82M | 108.59M | 131.27M | 163.83M | 156.19M | 174.69M | 140.93M |
| Common Stock | 11K | 11K | 10K | 21.28K | 10.59K | 5.76K | 3.84K | 31.86K | 20.74K | 330.79K | 1.14K | 255.38K | 205.22K | 180.58K | 165.6K | 160.45K | 160.06K | 151.99K | 151.92K | 123.62K |
| Retained Earnings | -359.08M | -338.9M | -319.02M | -896.61M | -888.78M | -874M | -853.36M | -832.18M | -807.04M | -780.72M | -751.57M | -706.31M | -675.67M | -652.65M | -627.65M | -589M | -553.59M | -532.43M | -510.37M | -354.27M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.4M | -10.2M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |