Workhorse Group Inc. (WKHS) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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WKHS Revenue Growth
Revenue Breakdown (FY 2022)
WKHS's revenue distribution by segment and geography for fiscal year 2022
By Product/Segment
WKHS Revenue Analysis (2013–2024)
As of May 6, 2026, Workhorse Group Inc. (WKHS) generated trailing twelve-month (TTM) revenue of $10.6 million, reflecting slight decline in growth of -5.0% year-over-year. The most recent quarter (Q3 2025) recorded $2.4 million in revenue, down 57.9% sequentially.
Looking at the longer-term picture, WKHS's 5-year compound annual growth rate (CAGR) stands at +77.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $13.1 million in 2023.
Revenue diversification analysis shows WKHS's business is primarily driven by Other Revenues (100%). With over half of revenue concentrated in Other Revenues, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including RIVN (+10.4% YoY), BLNK (-22.3% YoY), and UPS (-2.7% YoY), WKHS has underperformed the peer group in terms of revenue growth. Compare WKHS vs RIVN →
WKHS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WKHSCurrent | $11M | -5.0% | +77.4% | -1116.7% | |
 RIVN | $5.4B | +10.4% | - | -66.5% | |
 BLNK | $124M | -22.3% | +114.6% | -160.6% | |
 UPS | $88.6B | -2.7% | +1.0% | 9.6% | |
 FDX | $87.9B | +4.7% | +4.9% | 6.9% | |
 AMZN | $716.9B | +14.2% | +13.2% | 11.2% |
WKHS Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $6.6M | -49.5% | $-22,225,729 | -335.9% | $-73,886,913 | -1116.7% |
| 2023 | $13.1M | +160.7% | $-25,255,793 | -192.9% | $-105,298,466 | -804.1% |
| 2022 | $5.0M | +689.6% | $-32,649,236 | -650.0% | $-129,082,864 | -2569.8% |
| 2021 | $-851,922 | -161.2% | $-126,540,752 | 14853.6% | $-185,114,854 | 21729.1% |
| 2020 | $1.4M | +269.8% | $-11,674,589 | -838.4% | $-40,981,178 | -2943.0% |
| 2019 | $377K | -50.7% | $-5,468,329 | -1452.2% | $-23,866,937 | -6338.1% |
| 2018 | $763K | -93.0% | $-15,190,392 | -1990.4% | $-34,067,567 | -4463.9% |
| 2017 | $10.8M | +69.1% | $-13,670,403 | -126.0% | $42.1M | 387.8% |
| 2016 | $6.4M | +4482.7% | $-7,163,462 | -111.7% | $19.5M | 304.2% |
| 2015 | $140K | -21.1% | $140K | 100.0% | $8.5M | 6044.4% |
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Start ComparisonWKHS — Frequently Asked Questions
Quick answers to the most common questions about buying WKHS stock.
Is WKHS's revenue growth accelerating or slowing?
WKHS revenue declined -5.0% year-over-year, contrasting with the 5-year CAGR of +77.4%. TTM revenue fell to $11M. This reverses the prior growth trend.
What is WKHS's long-term revenue growth rate?
Workhorse Group Inc.'s 5-year revenue CAGR of +77.4% reflects the variable expansion pattern. Current YoY growth of -5.0% is below this long-term average.
How is WKHS's revenue distributed by segment?
WKHS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.