Reported Earnings • Aug 16
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: US$1.86 loss per share (further deteriorated from US$0.55 loss in 2Q 2025). Revenue: US$3.56m (up 184% from 2Q 2025). Net loss: US$20.2m (loss widened 315% from 2Q 2025). Revenue missed analyst estimates by 33%. Earnings per share (EPS) also missed analyst estimates by 96%. Revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Auto industry in the US. お知らせ • Jul 29
Workhorse Group, Inc. Announces Planned Entry Into Mobile AI Data Center Category Workhorse Group, Inc. announced its intent to enter the mobile AI data center category with a new product: a turnkey, compute-ready, containerized mobile AI data center designed to meet the localized mobile AI infrastructure needs of distributed deployment applications worldwide. The new containerized mobile AI data center product line, which is currently in development, is intended to leverage Workhorse’s existing engineering, software, testing, agile design and supply-chain capabilities as well as other cost synergies from manufacturing the new mobile AI data center product line at its plant in Indiana. According to Grand View Research, the market size for “Containerized Data Centers” could reach $41 billion by 2031. Workhorse intends to meet this demand with a new proprietary mobile AI data center infrastructure product. The initial containerized design is expected to feature liquid-to-liquid cooling, isolated server racks, a separate climate-controlled operator zone with two workstations, integrated uninterruptable power supply (UPS) and battery back-up power, a fire suppression system, advanced monitoring for safety and security, and the ability to use multiple sources of external power, among other capabilities needed to operate a mobile AI data center. Workhorse expects to develop a partnership-based go-to-market approach for the new product line via supplier partnerships with final data center developers who would manage the market development and customer relationship aspects of this product line. Workhorse is targeting 2027 for the commencement of initial production and commercial deliveries. Engineering and Technical Synergies: Workhorse believes that its expertise and competencies in areas like power electronics, thermal management, ruggedized enclosures, mobile connectivity, vibration isolation and embedded systems, are also applicable to containerized platforms that can meet the operating demands of mobile AI data center hardware and systems. Manufacturing Synergies: With its flexible, low-cost, low-overhead manufacturing center in Union City, Indiana, Workhorse can accommodate high-mix, low-volume production, custom configurations, and rapid iteration. Moreover, Workhorse’s design-test-validation cycles are purpose-built to be agile and to translate customer requirements and lessons from the field into new features and product improvements in weeks, not model years. Workhorse also has continued the previously announced engineering and design work for its upcoming modular chassis and cab chassis products, with production for those products also expected to begin in late 2027. The company anticipates providing further updates on both its commercial vehicle line of business and its new product line during Workhorse’s Second Quarter earnings call scheduled for August 13, 2026. お知らせ • Jul 15
Workhorse Group, Inc. to Report Q2, 2026 Results on Aug 13, 2026 Workhorse Group, Inc. announced that they will report Q2, 2026 results on Aug 13, 2026 お知らせ • May 22
Workhorse Group, Inc., Annual General Meeting, Jun 29, 2026 Workhorse Group, Inc., Annual General Meeting, Jun 29, 2026. Reported Earnings • May 17
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: US$1.99 loss per share (further deteriorated from US$1.36 loss in 1Q 2025). Revenue: US$4.33m (up 278% from 1Q 2025). Net loss: US$19.9m (loss widened 57% from 1Q 2025). Revenue missed analyst estimates by 49%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Auto industry in the US. お知らせ • May 01
Workhorse Group, Inc. to Report Q1, 2026 Results on May 14, 2026 Workhorse Group, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 14, 2026 New Risk • Apr 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$36m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$43m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$24.5m market cap). Reported Earnings • Apr 02
Full year 2025 earnings released: US$6.76 loss per share (vs US$26.20 loss in FY 2024) Full year 2025 results: US$6.76 loss per share. Revenue: US$21.2m (up 201% from FY 2024). Net loss: US$64.1m (loss widened 24% from FY 2024). お知らせ • Mar 26
Workhorse Group Inc. Expands Product Lineup with 140 kWh Version of W56 Step Van Workhorse Group Inc. announced the availability of a new W56 Step Van model with a 140 kWh battery. The new model is based on the same platform as the 210 kWh Workhorse W56 step van, which comes in two wheelbases (Standard and Extended). W56 step vans with the Standard Wheelbase and 140 kWh configuration offer an estimated nominal range of 100 miles per charge at full payload. Pricing begins at $169,000 which includes a fully-integrated, purpose-built composite body. Workhorse produces the W56 fully on site, which can result in lower costs and more predictable delivery timelines. The Standard 178" Wheelbase offers 1,000 cubic feet of cargo space and a payload of 11,000 lbs. The Expanded 208" Wheelbase offers 1,000 cubic feet of cargo space and 10,000 lbs. Fleet operators have consistently reported that 100 miles of daily range substantially exceeds their needs for many of their routes. They’ve stated that a more appropriately sized battery pack at a lower price point would strengthen the business case for electrification. The new model and pricing are a result of the initial synergies realized through Workhorse’s December 2025 merger with Motiv Electric Trucks, as the combined company works to drive down production costs through economies of scale as well as operational and supply chain efficiencies. Fleets now have new options as they seek to reduce overall operating costs and hedge against the volatility of gas prices. ISPs can now operate a blend of 140 kWh and 210 kWh configurations of the Workhorse W56 to optimize performance among the mix of shorter and longer routes they serve daily. The W56 is currently in production at Workhorse’s commercial-scale manufacturing facility in Union City, Indiana, which is capable of producing up to 5,000+ vehicles per year on a single operating shift. Workhorse sells its vehicles through a national dealer network, with post-sale support bolstered by regionally deployed Workhorse-trained technicians. お知らせ • Mar 25
Workhorse Group, Inc. to Report Q4, 2025 Results on Mar 31, 2026 Workhorse Group, Inc. announced that they will report Q4, 2025 results on Mar 31, 2026 New Risk • Jan 18
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$66m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-US$66m). Revenue has declined by 28% over the past year. Minor Risk Market cap is less than US$100m (US$54.7m market cap). Board Change • Dec 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Desi Ujkashevic was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.