Workhorse Group Inc. (WKHS) quarterly cash flow statement — complete operating, investing & financing history
Workhorse Group Inc. (WKHS) cash flow statement — 19-year operating, investing & financing cash flows
| 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 |
|---|
| Cash from Operations | -24.08M | -16.52M | -10.54M | -10.99M | -5.87M | -12.49M | -7.47M | -10.05M | -12.1M | -17.96M | -27.48M | -29.75M | -33.05M | -32.75M | -27.84M | -10.52M | -24.72M | -30.74M | -22.53M | -28.78M |
| Operating CF Margin % | -675.91% | -381.5% | -84.2% | -460.68% | -103.6% | -1948.29% | -388.29% | -400.54% | -1436.29% | -1341.27% | -623.59% | -982.2% | -833.25% | -1933.93% | -807.54% | -679.03% | -196893.59% | -214997.41% | 1126.9% | 4991.29% |
| Operating CF Growth % | -309.89% | -32.26% | -41% | -9.3% | 51.46% | 30.49% | 72.8% | 66.21% | 63.39% | 45.15% | 1.3% | -182.85% | -33.7% | -6.53% | -23.57% | 63.46% | 46.68% | 11.92% | 30.97% | -44.71% |
| Net Income | -20.17M | -19.88M | -20.83M | -7.83M | -14.78M | -12.66M | -21.18M | -25.14M | -26.32M | -29.16M | -45.26M | -30.65M | -23.02M | -25M | -38.65M | -35.41M | -21.16M | -22.05M | -156.1M | -81.12M |
| Depreciation & Amortization | 1.63M | 2.02M | -4.35M | 1.78M | 198K | 197K | 1.95M | 1.94M | 2.06M | 1.96M | 1.01M | 1.08M | 746.26K | 640.36K | 804.2K | 668.02K | 390.36K | 319.98K | 566.07K | 554.5K |
| Stock-Based Compensation | 0 | 0 | -890.81K | 428.74K | 388.67K | 106K | 1.85M | 1.94M | 2.9M | 3.37M | 3.1M | 3.52M | 3.78M | 3.02M | 0 | 2.99M | 3.29M | 2.35M | 1.69M | 1.22M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 143.17K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.92M |
| Other Non-Cash Items | 1.75M | 1.09M | -2.64M | -2.7M | 3.76M | 469K | 8.67M | 3.85M | 7.34M | 6.45M | 18.83M | 11.12M | -295.89K | 370.76K | 16.66M | 5.04M | 353.87K | 2.6M | 151.67M | 53.17M |
| Working Capital Changes | -7.28M | 259K | 18.18M | -2.67M | 4.56M | -603K | 1.23M | 7.35M | 1.92M | -592.1K | -2.2M | -14.82M | -14.26M | -11.79M | -6.65M | 16.19M | -7.6M | -13.96M | -20.35M | 313.41K |
| Change in Receivables | 847K | 642K | 1.99M | -102.9K | -2.34M | -1.02M | 1.52M | -2.92M | 1.01M | 2.7M | 4.95M | -4.44M | -971.92K | 120.27K | -531.15K | -15.76M | -733.24K | 98.35K | -53.33K | 1.86M |
| Change in Inventory | -489K | 1.73M | -2.48M | 1.72M | 5.33M | -3.19M | -2.57M | 6.96M | 3.87M | -6.47M | -10.8M | -2.58M | -12.59M | -13.32M | -9.66M | -3.78M | 290.31K | -3.48M | -34.49M | -8.64M |
| Change in Payables | -2.49M | 171K | 3.9M | -3.67M | 951.95K | 654K | 2.13M | 2.16M | -4.13M | 4.54M | 3.34M | -1.78M | -6.32M | 2.54M | 4.03M | 38.97M | -3.23M | -6.09M | 0 | 1.79M |
| Cash from Investing | -145K | -125K | -9.64M | 19.47M | 17.87K | -168K | -36.73K | -268.21K | -733.58K | -3.03M | -2.16M | -6.05M | -5.07M | -5.4M | -5.31M | -9.05M | -2.06M | -3.6M | 103.62M | -522.59K |
| Capital Expenditures | -145K | -125K | -620.87K | 17.87K | 17.87K | -168K | -36.73K | -268.21K | -733.58K | -3.03M | -2.16M | -6.05M | -5.07M | -5.4M | -7.79M | -4.05M | -2.06M | -3.6M | -1.51M | -522.59K |
| CapEx % of Revenue | 4.07% | 2.89% | 4.96% | 0.75% | 0.32% | 26.21% | 1.91% | 10.69% | 87.08% | 225.92% | 49.02% | 199.92% | 127.77% | 319.16% | 225.91% | 261.49% | 16431.17% | 25147.51% | -75.55% | -90.63% |
| Acquisitions | 0 | 0 | 0 | 19.47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.48M | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -9.02M | -17.87K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5M | 0 | 0 | 105.13M | 0 |
| Cash from Financing | 33.25M | 5M | -7.08M | 5M | -16.32K | 10M | 8.91M | 8.26M | 11.41M | -8.13M | 26.62M | 12.29M | 21.39M | 17.99M | 12.31M | -375.91K | -204.38K | -261.2K | -109.86M | 103.11M |
| Debt Issued (Net) | 33.25M | 5M | -16.69M | 5M | 23.69M | 10M | 6.77M | 8.26M | 11.42M | -12.33M | 18.16M | -219.86K | -219.86K | -219.86K | 623.65K | -233.87K | -324.85K | -64.93K | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 10.05K | -124 | -16.32K | 430.36K | 2.97M | -2.43K | -5.1K | 4.37M | 9.34M | 12.5M | 21.7M | 18.59M | 12.54M | 0 | 248.69K | 0 | 0 | -2.15M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -7.54K | 0 | -5.1K | 0 | -28.17K | 0 | 0 | 0 | -93.11K | 0 | 0 | 0 | 0 | -2.08M |
| Other Financing | 0 | 0 | 9.59M | 0 | -23.69M | -430.36K | -825.06K | 0 | 0 | -163.52K | -879.44K | 8.38K | -91.67K | -383.92K | -857.52K | -142.04K | -128.23K | -196.26K | -109.86M | 105.27M |
| Net Change in Cash | 9.03M | -11.64M | -25.28M | 13.48M | -5.87M | 23.96M | 1.4M | -2.06M | -1.42M | -29.12M | -3.02M | -23.51M | -16.73M | -20.17M | -20.84M | -19.94M | -26.99M | -34.6M | -28.77M | 73.81M |
| Free Cash Flow | -24.22M | -16.64M | -11.16M | -10.99M | -5.86M | -12.65M | -7.51M | -10.32M | -12.83M | -20.99M | -29.64M | -35.8M | -38.12M | -38.15M | -35.63M | -14.57M | -26.78M | -34.34M | -24.04M | -29.3M |
| FCF Margin % | -679.98% | -384.38% | -89.16% | -460.68% | -103.29% | -1974.5% | -390.2% | -411.22% | -1523.37% | -1567.19% | -672.61% | -1182.12% | -961.03% | -2253.09% | -1033.45% | -940.52% | -213324.76% | -240144.92% | 1202.45% | 5081.93% |
| FCF Growth % | -313.62% | -31.49% | -48.57% | -6.46% | 54.37% | 39.71% | 74.66% | 71.17% | 66.33% | 44.99% | 16.81% | -145.77% | -42.32% | -11.11% | -48.2% | 50.29% | 44.64% | 5.06% | 34.54% | -42.57% |
| FCF per Share | -2.23 | -1.66 | -1.16 | -0.71 | -0.66 | -2.87 | -3.81 | -5.04 | -8.51 | -17.34 | -25.91 | -41.46 | -51.33 | -57.07 | -54.67 | -22.73 | -42.08 | -56.50 | -39.56 | -59.28 |
| FCF Conversion (FCF/Net Income) | 1.19x | 0.83x | 0.51x | 1.40x | 0.40x | 0.60x | 0.35x | 0.40x | 0.46x | 0.62x | 0.61x | 0.97x | 1.44x | 1.31x | 0.72x | 0.30x | 1.17x | 1.39x | 0.14x | 0.35x |
| Interest Paid | -227K | 227K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |