Workhorse Group Inc.

NasdaqCM:WKHS Stock Report

Market Cap: US$16.9m

Workhorse Group Management

Management criteria checks 3/4

Workhorse Group's CEO is Rick Dauch, appointed in Aug 2021, has a tenure of 4.17 years. total yearly compensation is $3.35M, comprised of 23.3% salary and 76.7% bonuses, including company stock and options. directly owns 0.051% of the company’s shares, worth $8.66K. The average tenure of the management team and the board of directors is 4.1 years and 3.9 years respectively.

Key information

Rick Dauch

Chief executive officer

US$3.4m

Total compensation

CEO salary percentage23.27%
CEO tenure4.2yrs
CEO ownership0.05%
Management average tenure4.1yrs
Board average tenure3.9yrs

Recent management updates

Recent updates

Merger Will Create A Leading North American EV OEM

Key Takeaways The merger with Motiv enhances product offerings, operational scale, and access to new customers, strengthening Workhorse's position in the medium-duty electric truck market. Greater efficiency, cost reductions, and expanded incentives access position the company for margin expansion and future revenue growth as fleet electrification accelerates.

Workhorse Group (NASDAQ:WKHS) Will Have To Spend Its Cash Wisely

May 16
Workhorse Group (NASDAQ:WKHS) Will Have To Spend Its Cash Wisely

Workhorse: Real Company Priced For Disaster

Oct 14

We're Keeping An Eye On Workhorse Group's (NASDAQ:WKHS) Cash Burn Rate

Sep 23
We're Keeping An Eye On Workhorse Group's (NASDAQ:WKHS) Cash Burn Rate

Workhorse: Resolving Concerns And Gearing Up For Production

Aug 04

If Workhorse Fails, It Fails

Jul 06

Workhorse Group, Inc: Bleeding Cash Puts 2022 Business Plan In Limbo

Apr 18

Workhorse Stock Forecast: What To Watch For In 2022

Jan 20

Workhorse: When It Rains, It Pours

Dec 03

Where Will Workhorse Stock Be In 5 Years? At This Rate, Gone

Oct 01

Workhorse Stock Forecast For 2025: Risks And Opportunities To Consider

Sep 20

We Think Shareholders Should Be Aware Of Some Factors Beyond Workhorse Group's (NASDAQ:WKHS) Profit

Aug 17
We Think Shareholders Should Be Aware Of Some Factors Beyond Workhorse Group's (NASDAQ:WKHS) Profit

CEO Compensation Analysis

How has Rick Dauch's remuneration changed compared to Workhorse Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

-US$82m

Mar 31 2025n/an/a

-US$93m

Dec 31 2024US$3mUS$780k

-US$102m

Sep 30 2024n/an/a

-US$126m

Jun 30 2024n/an/a

-US$131m

Mar 31 2024n/an/a

-US$128m

Dec 31 2023US$3mUS$975k

-US$124m

Sep 30 2023n/an/a

-US$117m

Jun 30 2023n/an/a

-US$122m

Mar 31 2023n/an/a

-US$120m

Dec 31 2022US$8mUS$1m

-US$117m

Sep 30 2022n/an/a

-US$235m

Jun 30 2022n/an/a

-US$280m

Mar 31 2022n/an/a

-US$303m

Dec 31 2021US$17mUS$442k

-US$401m

Compensation vs Market: Rick's total compensation ($USD3.35M) is above average for companies of similar size in the US market ($USD611.00K).

Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.

CEO

Rick Dauch (64 yo)

4.2yrs
Tenure
US$3,351,468
Compensation

Mr. Richard F. Dauch, also known as Rick, serves as an Advisor at PrimeMovers Equity (S) Pte Ltd. He has been Independent Director at DHC Acquisition Corp. since March 2021. He serves as Chief Executive Of...

Leadership Team

NamePositionTenureCompensationOwnership
Richard Dauch
President4.2yrsUS$3.35m0.051%
$ 8.7k
Robert Ginnan
Chief Financial Officer3.8yrsUS$880.48k0.0077%
$ 1.3k
James Harrington
Chief Compliance Officer4.2yrsUS$828.06k0.013%
$ 2.2k
Joshua Anderson
Chief Technology Officer4.1yrsUS$1.02m0.0053%
$ 904.7
Stan March
Vice President of Corporate Development & Communications3.9yrsno data0.0040%
$ 676.4
Stephen Burns
Co-Founder & Consultantno dataUS$390.00kno data
4.1yrs
Average Tenure
64yo
Average Age

Experienced Management: WKHS's management team is considered experienced (4.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Richard Dauch
President4.2yrsUS$3.35m0.051%
$ 8.7k
Alan Henricks
Independent Directorless than a yearno datano data
Jacqueline Dedo
Independent Director5.4yrsUS$175.00k0.012%
$ 2.0k
William Quigley
Independent Director3.7yrsUS$175.00k0.010%
$ 1.8k
Jean Botti
Independent Director2.4yrsUS$150.00k0.011%
$ 1.9k
Raymond Chess
Independent Chairman12yrsUS$225.00k0.017%
$ 2.8k
Pamela Mader
Independent Director5.4yrsUS$175.00k0.011%
$ 1.8k
Austin Miller
Independent Director3.4yrsUS$175.00k0.010%
$ 1.7k
3.9yrs
Average Tenure
64yo
Average Age

Experienced Board: WKHS's board of directors are considered experienced (3.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/14 12:09
End of Day Share Price 2025/10/14 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Workhorse Group Inc. is covered by 7 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher SoutherB. Riley Securities, Inc.
Gregory LewisBTIG
Michael ShliskyColliers Securities