View Future GrowthWorkhorse Group 과거 순이익 실적과거 기준 점검 0/6Workhorse Group 의 수입은 연평균 -39.4%의 비율로 감소해 온 반면, Auto 산업은 연평균 17.5%의 비율로 감소했습니다. 매출은 연평균 244.5%의 비율로 증가해 왔습니다.핵심 정보-39.37%순이익 성장률-31.39%주당순이익(EPS) 성장률Auto 산업 성장률23.94%매출 성장률244.54%자기자본이익률-1,095.51%순이익률-289.04%최근 순이익 업데이트30 Jun 2026최근 과거 실적 업데이트Reported Earnings • Aug 16Second quarter 2026 earnings: EPS and revenues miss analyst expectationsSecond 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.공고 • Jul 15Workhorse Group, Inc. to Report Q2, 2026 Results on Aug 13, 2026Workhorse Group, Inc. announced that they will report Q2, 2026 results on Aug 13, 2026Reported Earnings • May 17First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst 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.공고 • May 01Workhorse Group, Inc. to Report Q1, 2026 Results on May 14, 2026Workhorse Group, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 14, 2026Reported Earnings • Apr 02Full 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).공고 • Mar 25Workhorse Group, Inc. to Report Q4, 2025 Results on Mar 31, 2026Workhorse Group, Inc. announced that they will report Q4, 2025 results on Mar 31, 2026모든 업데이트 보기Recent updatesReported Earnings • Aug 16Second quarter 2026 earnings: EPS and revenues miss analyst expectationsSecond 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.공고 • Jul 29Workhorse Group, Inc. Announces Planned Entry Into Mobile AI Data Center CategoryWorkhorse 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.공고 • Jul 15Workhorse Group, Inc. to Report Q2, 2026 Results on Aug 13, 2026Workhorse Group, Inc. announced that they will report Q2, 2026 results on Aug 13, 2026공고 • Jul 14+ 1 more updateWorkhorse Group Inc. Announces Executive Changes, Effective from July 13, 2026As previously disclosed by Workhorse Group Inc. (the “Company”) in its definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on October 8, 2025, in connection with the Company’s acquisition of Motiv Power Systems, Inc. (the “Merger”), certain executives of the Company, including Robert M. Ginnan, the Company’s Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer), agreed to terminate their employment with the Company upon the closing of the Merger, or such later date as reasonably required for such executives to successfully transition their duties. In connection with the appointment of Jody Davis, on July 13, 2026, Robert M. Ginnan and the Company agreed that Mr. Ginnan will no longer serve as the Company’s Chief Financial Officer, effective July 13, 2026. On July 13, 2026, the Company announced the appointment Lindsay A. Barnes as its Chief Accounting Officer (Principal Accounting Officer), effective immediately. Ms. Barnes has served as the Company’s Vice President, Corporate Controller since November 2025. Ms. Barnes has more than twenty-six years of experience in the field of accounting. Prior to joining the Company, she has most recently served as Vice President, Controller of Mastronardi Produce Ltd, a commercial produce company, from February 2024 to April 2025. Previously, Ms. Barnes held various positions at La-Z-Boy Incorporated, including Vice President of Strategy, Vice President of Finance and Treasurer, Vice President, Corporate Controller and Chief Accounting Officer from November 2011 until February 2024. Ms. Barnes is a registered certified public accountant and holds a BBA in accounting from Eastern Michigan University. There is currently no change to Ms. Barnes’ compensation as a result of her appointment as Chief Accounting Officer.공고 • May 22Workhorse Group, Inc., Annual General Meeting, Jun 29, 2026Workhorse Group, Inc., Annual General Meeting, Jun 29, 2026.Reported Earnings • May 17First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst 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.공고 • May 01Workhorse Group, Inc. to Report Q1, 2026 Results on May 14, 2026Workhorse Group, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 14, 2026New Risk • Apr 30New minor risk - Share price stabilityThe 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 02Full 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).공고 • Mar 26Workhorse Group Inc. Expands Product Lineup with 140 kWh Version of W56 Step VanWorkhorse 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.공고 • Mar 25Workhorse Group, Inc. to Report Q4, 2025 Results on Mar 31, 2026Workhorse Group, Inc. announced that they will report Q4, 2025 results on Mar 31, 2026New Risk • Jan 18New major risk - Negative shareholders equityThe 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 31No independent directorsFollowing 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.매출 및 비용 세부 내역Workhorse Group가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NasdaqCM:WKHS 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비30 Jun 2627-79271431 Mar 2624-71231431 Dec 2521-64181330 Sep 2517-60171430 Jun 258-56161531 Mar 257-3561331 Dec 247-52161330 Sep 2490-11431 Dec 2317-47171431 Dec 2017020931 Dec 190-37108양질의 수익: WKHS 은(는) 현재 수익성이 없습니다.이익 마진 증가: WKHS는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 지난 5년 동안 WKHS의 연간 수익 성장률이 양(+)이었는지 판단하기에 데이터가 부족합니다.성장 가속화: 현재 수익성이 없어 지난 1년간 WKHS의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: WKHS은 수익성이 없어 지난 해 수익 성장률을 Auto 업계(-16.5%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: WKHS는 현재 수익성이 없으므로 자본 수익률이 음수(-1095.51%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YAutomobiles 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/17 15:36종가2026/08/17 00:00수익2026/06/30연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Workhorse Group, Inc.는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Gregory LewisBTIGCraig IrwinRoth Capital Partners
Reported Earnings • Aug 16Second quarter 2026 earnings: EPS and revenues miss analyst expectationsSecond 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.
공고 • Jul 15Workhorse Group, Inc. to Report Q2, 2026 Results on Aug 13, 2026Workhorse Group, Inc. announced that they will report Q2, 2026 results on Aug 13, 2026
Reported Earnings • May 17First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst 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.
공고 • May 01Workhorse Group, Inc. to Report Q1, 2026 Results on May 14, 2026Workhorse Group, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 14, 2026
Reported Earnings • Apr 02Full 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).
공고 • Mar 25Workhorse Group, Inc. to Report Q4, 2025 Results on Mar 31, 2026Workhorse Group, Inc. announced that they will report Q4, 2025 results on Mar 31, 2026
Reported Earnings • Aug 16Second quarter 2026 earnings: EPS and revenues miss analyst expectationsSecond 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.
공고 • Jul 29Workhorse Group, Inc. Announces Planned Entry Into Mobile AI Data Center CategoryWorkhorse 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.
공고 • Jul 15Workhorse Group, Inc. to Report Q2, 2026 Results on Aug 13, 2026Workhorse Group, Inc. announced that they will report Q2, 2026 results on Aug 13, 2026
공고 • Jul 14+ 1 more updateWorkhorse Group Inc. Announces Executive Changes, Effective from July 13, 2026As previously disclosed by Workhorse Group Inc. (the “Company”) in its definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on October 8, 2025, in connection with the Company’s acquisition of Motiv Power Systems, Inc. (the “Merger”), certain executives of the Company, including Robert M. Ginnan, the Company’s Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer), agreed to terminate their employment with the Company upon the closing of the Merger, or such later date as reasonably required for such executives to successfully transition their duties. In connection with the appointment of Jody Davis, on July 13, 2026, Robert M. Ginnan and the Company agreed that Mr. Ginnan will no longer serve as the Company’s Chief Financial Officer, effective July 13, 2026. On July 13, 2026, the Company announced the appointment Lindsay A. Barnes as its Chief Accounting Officer (Principal Accounting Officer), effective immediately. Ms. Barnes has served as the Company’s Vice President, Corporate Controller since November 2025. Ms. Barnes has more than twenty-six years of experience in the field of accounting. Prior to joining the Company, she has most recently served as Vice President, Controller of Mastronardi Produce Ltd, a commercial produce company, from February 2024 to April 2025. Previously, Ms. Barnes held various positions at La-Z-Boy Incorporated, including Vice President of Strategy, Vice President of Finance and Treasurer, Vice President, Corporate Controller and Chief Accounting Officer from November 2011 until February 2024. Ms. Barnes is a registered certified public accountant and holds a BBA in accounting from Eastern Michigan University. There is currently no change to Ms. Barnes’ compensation as a result of her appointment as Chief Accounting Officer.
공고 • May 22Workhorse Group, Inc., Annual General Meeting, Jun 29, 2026Workhorse Group, Inc., Annual General Meeting, Jun 29, 2026.
Reported Earnings • May 17First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst 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.
공고 • May 01Workhorse Group, Inc. to Report Q1, 2026 Results on May 14, 2026Workhorse 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 30New minor risk - Share price stabilityThe 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 02Full 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).
공고 • Mar 26Workhorse Group Inc. Expands Product Lineup with 140 kWh Version of W56 Step VanWorkhorse 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.
공고 • Mar 25Workhorse Group, Inc. to Report Q4, 2025 Results on Mar 31, 2026Workhorse Group, Inc. announced that they will report Q4, 2025 results on Mar 31, 2026
New Risk • Jan 18New major risk - Negative shareholders equityThe 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 31No independent directorsFollowing 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.