Workhorse Group Inc. (WKHS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q2'21 |
|---|
| Sales/Revenue | 4.33M | 12.52M | 2.38M | 5.67M | 640.92K | 1.92M | 2.51M | 842.44K | 1.34M | 4.41M | 3.03M | 3.97M | 1.69M | 3.45M | 1.55M | 12.55K | 14.3K | -2M | -576.6K | 1.2M |
| Revenue Growth % | 575.43% | 550.19% | -4.97% | 572.98% | -52.14% | -56.32% | -17.13% | -78.76% | -20.91% | 27.82% | 95.54% | 31492.7% | 11742.89% | 272.44% | 368.61% | -98.96% | -97.26% | -406.84% | -202.11% | 1208.3% |
| Cost of Goods Sold | 11.81M | 2.46M | 10.09M | 13.05M | 5.16M | 7.46M | 6.64M | 7.3M | 7.44M | 18.04M | 6.56M | 8.43M | 5.33M | 21.21M | 9.52M | 3.02M | 3.92M | 93.12M | 11.55M | 14.8M |
| COGS % of Revenue | 272.83% | 19.63% | 423.17% | 230.2% | 805.83% | 387.31% | 264.67% | 866.69% | 555.72% | 409.36% | 216.52% | 212.47% | 314.64% | 615.34% | 614.38% | 24055.79% | 27437.94% | -4657.64% | -2002.97% | 1230.06% |
| Gross Profit | -7.48M | 10.06M | -7.71M | -7.38M | -4.52M | -5.53M | -4.13M | -6.46M | -6.1M | -13.63M | -3.53M | -4.46M | -3.63M | -17.77M | -7.97M | -3.01M | -3.91M | -95.12M | -12.13M | -13.59M |
| Gross Margin % | -172.83% | 80.37% | -323.17% | -130.2% | -705.83% | -287.31% | -164.67% | -766.69% | -455.72% | -309.36% | -116.52% | -112.47% | -214.64% | -515.34% | -514.38% | -23955.79% | -27337.94% | 4757.64% | 2102.97% | -1130.06% |
| Gross Profit Growth % | -65.39% | 281.87% | -86.5% | -14.29% | 25.88% | 59.43% | -17.12% | -44.79% | -67.92% | 23.27% | 55.71% | -48.32% | 7.02% | 81.32% | 34.3% | 77.87% | 31.47% | -1400.05% | -438.8% | -857.66% |
| Operating Expenses | 13.61M | 13.63M | 8.85M | 7.09M | 8.31M | 9.94M | 10.04M | 14.06M | 17.62M | 21.54M | 17.53M | 19.06M | 21.91M | 21.57M | 40.88M | 18.06M | 15.92M | 25.31M | 13.38M | 9.13M |
| OpEx % of Revenue | 314.48% | 108.93% | 371% | 125.07% | 1297.03% | 516.56% | 399.86% | 1668.88% | 1315.86% | 488.79% | 578.76% | 480.59% | 1294.11% | 625.81% | 2639.46% | 143824.8% | 111351.79% | -1266.18% | -2320.66% | 758.96% |
| Selling, General & Admin | 9.54M | 4.32M | 0 | 0 | 0 | 8.63M | 7.72M | 0 | 0 | 14.23M | 0 | 0 | 0 | 13.53M | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | 220.49% | 34.54% | - | - | - | 448.24% | 307.68% | - | - | 322.86% | - | - | - | 392.37% | - | - | - | - | - | - |
| Research & Development | 4.07M | 9.31M | 1.08M | 1.25M | 1.53M | 1.31M | 2.31M | 1.99M | 3.53M | 6.41M | 5.77M | 5.06M | 7.22M | 8.05M | 6.13M | 5.03M | 4.01M | 2.82M | 2.8M | 2.12M |
| R&D % of Revenue | 93.99% | 74.39% | 45.18% | 21.98% | 238.57% | 68.31% | 92.18% | 236.55% | 263.42% | 145.51% | 190.57% | 127.56% | 426.64% | 233.44% | 395.59% | 40040.31% | 28057.44% | -141.11% | -485.85% | 176.57% |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 1000K | 0 | 0 | 1000K | 1000K | 900K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -21.1M | -3.57M | -16.56M | -14.47M | -12.84M | -15.47M | -14.17M | -20.52M | -23.73M | -35.17M | -21.06M | -23.52M | -25.55M | -39.34M | -48.85M | -21.06M | -19.83M | -120.43M | -25.51M | -22.72M |
| Operating Margin % | -487.32% | -28.56% | -694.17% | -255.28% | -2002.86% | -803.87% | -564.54% | -2435.57% | -1771.58% | -798.15% | -695.27% | -593.05% | -1508.75% | -1141.14% | -3153.85% | -167780.59% | -138689.73% | 6023.82% | 4423.64% | -1889.03% |
| Operating Income Growth % | -64.34% | 76.9% | -16.85% | 29.46% | 45.9% | 56% | 32.71% | 12.77% | 7.13% | 10.6% | 56.89% | -11.67% | -28.83% | 67.33% | -91.5% | 7.3% | -20.53% | -700.25% | -159.87% | -225.3% |
| EBITDA | -21.1M | -3.57M | -14.77M | -12.65M | -10.85M | -13.53M | -12.23M | -18.46M | -21.77M | -33.57M | -19.97M | -22.78M | -24.91M | -38.77M | -48.18M | -20.67M | -19.51M | -119.87M | -24.95M | -22.25M |
| EBITDA Margin % | -487.32% | -28.56% | -619.33% | -223.19% | -1693.54% | -702.64% | -487.23% | -2191.2% | -1625.17% | -761.97% | -659.54% | -574.24% | -1470.93% | -1124.7% | -3110.72% | -164671.36% | -136451.93% | 5995.51% | 4327.47% | -1849.4% |
| EBITDA Growth % | -94.36% | 73.57% | -20.8% | 31.45% | 50.13% | 59.72% | 38.78% | 18.95% | 12.62% | 13.41% | 58.54% | -10.17% | -27.66% | 67.65% | -93.08% | 7.06% | -20.87% | -709.14% | -159.67% | -227.7% |
| D&A (Non-Cash Add-back) | 0 | 0 | 1.78M | 1.82M | 1.98M | 1.95M | 1.94M | 2.06M | 1.96M | 1.59M | 1.08M | 746.26K | 640.36K | 566.85K | 668.02K | 390.36K | 319.98K | 566.07K | 554.5K | 476.7K |
| EBIT | -21.1M | -3.57M | -7.66M | -14.47M | -12.84M | -15.47M | -14.17M | -20.52M | -23.73M | -34.27M | -21.06M | -23.52M | -25.55M | -39.34M | -48.85M | -21.06M | -19.83M | -113.63M | -25.51M | -22.72M |
| Net Interest Income | 354K | -11.42M | -167.91K | -582.25K | -5.25M | -7.13M | -8.32M | -5.16M | -5.43M | -10.2M | 410.98K | 505.5K | 550.36K | 188.43K | 27.72K | -95.42K | -453.43K | -12.72M | -2M | -1.98M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 410.98K | 505.5K | 550.36K | 453.11K | 27.72K | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -354K | 11.42M | 167.91K | 582.25K | 5.25M | 7.13M | 8.32M | 5.16M | 5.43M | 10.2M | 0 | 0 | 0 | 264.68K | 0 | 95.42K | 453.43K | 12.72M | 2M | 1.98M |
| Other Income/Expense | 1.18M | -17.25M | 8.73M | -308.03K | -7.81M | -5.59M | -10.97M | -5.8M | -5.43M | -9.98M | -9.59M | 505.5K | 550.36K | 686.14K | 13.44M | -95.42K | -2.22M | -35.69M | -58.53M | -22.18M |
| Pretax Income | -19.92M | -20.83M | -7.83M | -14.78M | -20.64M | -21.06M | -25.14M | -26.32M | -29.16M | -45.15M | -30.65M | -23.02M | -25M | -38.65M | -35.41M | -21.16M | -22.05M | -156.12M | -84.03M | -44.9M |
| Pretax Margin % | -460.06% | -166.42% | -328.21% | -260.71% | -3221.01% | -1094.18% | -1001.53% | -3124.26% | -2176.95% | -1024.58% | -1011.9% | -580.31% | -1476.25% | -1121.24% | -2286% | -168540.6% | -154238.3% | 7808.74% | 14574.16% | -3732.81% |
| Income Tax | -34K | 4K | 0 | 0 | 0 | 117.06K | 0 | 0 | 0 | 110.52K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13.16K | -2.92M | -1.28M |
| Effective Tax Rate % | 0.17% | -0.02% | 0% | 0% | 0% | -0.56% | 0% | 0% | 0% | -0.24% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.01% | 3.47% | 2.86% |
| Net Income | -19.88M | -20.83M | -7.83M | -14.78M | -20.64M | -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 | -43.62M |
| Net Margin % | -459.27% | -166.46% | -328.21% | -260.71% | -3221.01% | -1100.26% | -1001.53% | -3124.26% | -2176.95% | -1027.09% | -1011.9% | -580.31% | -1476.25% | -1121.24% | -2286% | -168540.6% | -154238.3% | 7808.08% | 14067.83% | -3626.23% |
| Net Income Growth % | 3.69% | 1.63% | 68.86% | 43.84% | 29.19% | 53.2% | 17.98% | -14.35% | -16.63% | -17.08% | 13.44% | -8.78% | -13.35% | 75.24% | 56.35% | 51.49% | 81.7% | -155.66% | 3.58% | 66.79% |
| Net Income (Continuing) | -19.88M | -20.83M | -7.83M | -14.78M | -20.64M | -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 | -43.62M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.99 | -2.15 | -0.50 | -1.67 | -4.68 | -10.75 | -12.28 | -17.45 | -24.09 | -39.56 | -35.49 | -31.00 | -37.39 | -59.32 | -55.25 | -33.25 | -36.29 | -256.89 | -164.09 | -88.36 |
| EPS Growth % | 57.5% | 80.01% | 95.93% | 90.4% | 80.56% | 72.82% | 65.4% | 43.7% | 35.58% | 33.31% | 35.76% | 6.77% | -3.05% | 76.91% | 66.33% | 62.37% | 85.23% | -144.67% | 16.21% | 79.9% |
| EPS (Basic) | -1.99 | -2.15 | -0.50 | -1.67 | -4.68 | -10.75 | -12.28 | -17.45 | -24.09 | -39.56 | -35.49 | -31.00 | -37.39 | -59.32 | -55.25 | -33.25 | -36.29 | -256.89 | -164.09 | -88.36 |
| Diluted Shares Outstanding | 10.01M | 9.63M | 15.54M | 8.83M | 4.41M | 1.97M | 2.05M | 1.51M | 1.21M | 1.14M | 863.51K | 742.64K | 668.58K | 651.62K | 640.86K | 636.43K | 607.76K | 607.66K | 494.34K | 493.66K |
| Basic Shares Outstanding | 10.01M | 9.63M | 15.54M | 8.83M | 4.41M | 1.97M | 2.05M | 1.51M | 1.21M | 1.14M | 863.51K | 742.64K | 668.58K | 651.62K | 640.86K | 636.43K | 607.76K | 607.66K | 494.34K | 493.66K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |