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10-Q

Quarterly Report

Workhorse Group Inc. WKHS

0001628280-25-051161

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Filed
Nov 10, 2025 12:00 AM ET
Period of report
Restated figures. One or more values in this filing restate previously reported amounts.

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding Q3 2025 · Nov 7, 2025 23.96M sh
Shares Diluted Q3 2025 · Sep 30, 2025 15.54M sh
Shares Diluted Q3 2025 · Sep 30, 2025 9.63M sh
Shares Diluted restated Q3 2025 · Sep 30, 2024 1.32M sh
Shares Diluted restated Q3 2025 · Sep 30, 2024 1.29M sh
Capex Q3 2025 · Sep 30, 2025 $0
Capex Q3 2025 · Sep 30, 2024 $4.03M
Operating Cash Flow Q3 2025 · Sep 30, 2025 −$25.01M
Operating Cash Flow Q3 2025 · Sep 30, 2024 −$40.12M
Cash And Equivalents Q3 2025 · Sep 30, 2025 $12.73M
Cash And Equivalents Q3 2025 · Dec 31, 2024 $4.12M
Stockholders Equity Q3 2025 · Sep 30, 2025 $32.07M
Stockholders Equity Q3 2025 · Jun 30, 2025 $22.35M
Stockholders Equity Q3 2025 · Mar 31, 2025 $31.39M
Stockholders Equity Q3 2025 · Dec 31, 2024 $44.29M
Stockholders Equity Q3 2025 · Sep 30, 2024 $47.26M
Stockholders Equity Q3 2025 · Jun 30, 2024 $58.64M
Stockholders Equity Q3 2025 · Mar 31, 2024 $67.42M
Stockholders Equity Q3 2025 · Dec 31, 2023 $83.11M
Current Liabilities Q3 2025 · Sep 30, 2025 $60.43M
Current Liabilities Q3 2025 · Dec 31, 2024 $45.24M
Total Liabilities Q3 2025 · Sep 30, 2025 $84.67M
Total Liabilities Q3 2025 · Dec 31, 2024 $49.55M
Current Assets Q3 2025 · Sep 30, 2025 $72.96M
Current Assets Q3 2025 · Dec 31, 2024 $53.43M
Total Assets Q3 2025 · Sep 30, 2025 $116.74M
Total Assets Q3 2025 · Dec 31, 2024 $93.84M
Eps Diluted Q3 2025 · Sep 30, 2025 −$0.50
Eps Diluted Q3 2025 · Sep 30, 2025 −$4.49
Eps Diluted restated Q3 2025 · Sep 30, 2024 −$19.00
Eps Diluted restated Q3 2025 · Sep 30, 2024 −$62.70
Eps Basic Q3 2025 · Sep 30, 2025 −$0.50
Eps Basic Q3 2025 · Sep 30, 2025 −$4.49
Eps Basic restated Q3 2025 · Sep 30, 2024 −$19.00
Eps Basic restated Q3 2025 · Sep 30, 2024 −$62.70
Sga Expense Q3 2025 · Sep 30, 2025 $7.77M
Sga Expense Q3 2025 · Sep 30, 2025 $20.4M
Sga Expense Q3 2025 · Sep 30, 2024 $7.72M
Sga Expense restated Q3 2025 · Sep 30, 2024 $33.88M
Rd Expense Q3 2025 · Sep 30, 2025 $1.08M
Rd Expense Q3 2025 · Sep 30, 2025 $3.85M
Rd Expense Q3 2025 · Sep 30, 2024 $2.31M
Rd Expense Q3 2025 · Sep 30, 2024 $7.83M
Net Income Q3 2025 · Sep 30, 2025 −$7.83M
Net Income Q3 2025 · Sep 30, 2025 −$43.25M
Net Income Q3 2025 · Jun 30, 2025 −$14.78M
Net Income Q3 2025 · Mar 31, 2025 −$20.64M
Net Income Q3 2025 · Sep 30, 2024 −$25.14M
Net Income restated Q3 2025 · Sep 30, 2024 −$80.61M
Net Income Q3 2025 · Jun 30, 2024 −$26.32M
Net Income Q3 2025 · Mar 31, 2024 −$29.16M
Operating Income Q3 2025 · Sep 30, 2025 −$16.56M
Operating Income Q3 2025 · Sep 30, 2025 −$43.87M
Operating Income Q3 2025 · Sep 30, 2024 −$14.17M
Operating Income restated Q3 2025 · Sep 30, 2024 −$58.41M
Gross Profit Q3 2025 · Sep 30, 2025 −$7.71M
Gross Profit Q3 2025 · Sep 30, 2025 −$19.61M
Gross Profit Q3 2025 · Sep 30, 2024 −$4.13M
Gross Profit Q3 2025 · Sep 30, 2024 −$16.7M
Cost Of Revenue Q3 2025 · Sep 30, 2025 $10.09M
Cost Of Revenue Q3 2025 · Sep 30, 2025 $28.31M
Cost Of Revenue Q3 2025 · Sep 30, 2024 $6.64M
Cost Of Revenue Q3 2025 · Sep 30, 2024 $21.39M
Revenue Q3 2025 · Sep 30, 2025 $2.38M
Revenue Q3 2025 · Sep 30, 2025 $8.7M
Revenue Q3 2025 · Sep 30, 2024 $2.51M
Revenue Q3 2025 · Sep 30, 2024 $4.69M