Workhorse Group Inc.

WKHS

Workhorse Group Inc.

WKHS

Insider Sentiment (TTM):

Last Purchase:-Last Sale:2025-12-15Shares Purchased (TTM):0Shares Sold (TTM):43,706

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:209,796Shares Outstanding:10,014,000Institutional Ownership Pct.:2.10%

Earnings Market Reaction:

Filing Date:2026-08-13Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Related Party	-	5	0	-	-	-	68	-	-	-	-	-
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	10	1	13	13	2	3	7	3	5	7	26	39
Restricted Cash And Cash Equivalents	1	1	1	25	23	28	0	0	0	0	10	-
Accounts Receivable Net Current	2	3	4	1	2	0	4	1	1	2	2	7
Other Receivables Net Current	-	-	-	1	0	0	1	3	-	-	2	0
Inventory Net	38	37	39	30	33	41	21	43	47	50	45	41
Prepaid Expense And Other Assets Current	6	5	4	2	4	5	3	7	7	7	8	11
Assets Current	56	47	60	73	64	78	34	57	59	66	94	98
Property Plant And Equipment Net	20	21	22	21	29	31	2	35	36	39	38	37
Long Term Investments	-	-	-	-	-	-	-	-	-	-	0	0
Goodwill	3	3	3	-	-	-	0	-	-	-	-	-
Intangible Assets Net Excluding Goodwill	10	10	10	-	-	-	0	-	-	-	-	-
Operating Lease Right Of Use Asset	20	21	22	22	6	7	1	3	-	-	4	-
Finance Lease Right Of Use Asset	-	-	-	0	0	0	4	5	-	-	6	-
Other Assets Noncurrent	1	0	0	0	0	0	0	0	0	0	0	0
Assets	110	103	118	117	99	115	37	101	105	114	142	146
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current	14	13	12	11	11	11	2	11	11	14	12	12
Accrued Liabilities Current	7	12	17	7	11	10	5	8	6	7	5	6
Contract With Customer Liability Current	1	1	0	1	3	6	1	6	7	6	5	5
Product Warranty Accrual Classified Current	3	4	3	1	1	2	2	1	1	1	2	2
Operating Lease Liability Current	1	1	3	3	2	2	1	1	-	-	1	-
Finance Lease Liability Current	-	-	-	0	0	0	1	2	-	-	3	-
Convertible Notes Payable Current	-	-	-	27	40	45	10	13	10	8	20	-
Contract With Customer Liability Noncurrent	-	-	-	-	-	-	-	-	-	-	0	0
Liabilities Current	44	38	39	60	73	80	77	50	42	41	53	26
Convertible Long Term Notes Payable	-	-	-	5	-	-	-	-	-	-	-	-
Operating Lease Liability Noncurrent	21	21	19	19	3	4	0	5	-	-	5	-
Finance Lease Liability Noncurrent	-	-	-	0	0	0	0	-	-	-	0	-
Other Liabilities Noncurrent	-	-	2	-	-	-	1	-	-	-	-	-
Liabilities	103	77	75	85	77	84	78	54	47	46	59	34
Stockholders Equity
Preferred Stock Value	0	0	0	-	-	-	0	-	0	0	0	0
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	366	365	362	929	911	905	214	879	866	848	835	819
Retained Earnings Accumulated Deficit	-359	-339	-319	-897	-889	-874	-255	-832	-807	-781	-752	-706
Stockholders Equity	7	26	43	32	-66	-53	-41	47	59	67	83	113
Liabilities And Stockholders Equity	110	103	118	117	99	115	37	101	105	114	142	146
Subsequent Event	-	-	-	-	-	-	35	-	-	-	-	-
Allowance For Doubtful Accounts Receivable Current	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Par Or Stated Value Per Share	0.001	0.001	0.001	-	-	-	0.001	-	0.001	0.001	0.001	0.001
Preferred Stock Shares Authorized	75	75	75	-	-	-	45	-	75	75	75	75
Preferred Stock Shares Issued	0	0	0	-	-	-	-	-	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	-	-	-	-	-	0	0	0	0
Stockholders Equity Note Stock Split Conversion Ra…	-	-	0	-	-	0	-	-	0	-	-	-
Common Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Common Stock Shares Authorized	36	36	36	36	36	36	83	450	450	450	36	450
Common Stock Shares Issued	11	10	10	21	11	6	4	32	21	17	4	13
Shares Outstanding	11	10	10	21	11	6	1	32	21	17	1	13

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-9.39%	-26.24%	-15.75%	-	-	-	-	-	-	-	-	-
2025	4.22%	60.93%	83.13%	-23.64%	-30.30%	-38.79%	-0.26%	-40.83%	-47.85%	-11.59%	5.63%	0.33%
2024	-36.17%	-63.40%	-75.53%	-44.34%	-35.08%	-35.41%	-18.03%	-37.46%	-60.16%	-36.96%	-52.72%	-46.09%
2023	-	-	-	-31.93%	-52.45%	-50.23%	3.00%	-12.25%	-34.50%	-25.36%	-42.03%	-29.35%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	1.28	1.23	1.54	1.21	0.87	0.96	0.44	1.16	1.43	1.59	1.76	3.78
Quick Ratio	0.28	0.12	0.43	0.68	0.37	0.38	0.13	0.14	0.15	0.21	0.76	1.79
Working Capital	12.20M	8.73M	20.97M	12.53M	-9.79M	-2.84M	-42.74M	7.88M	17.78M	24.24M	40.54M	71.91M
Leverage & Debt
Debt to Equity	14.34	2.92	1.74	2.64	-1.16	-1.58	-1.92	1.15	0.80	0.69	0.70	0.30
Interest Coverage TTM	-6.25	-4.19	-2.72	-1.51	-1.05	-2.11	-4.03	-5.91	-7.58	-8.82	-9.47	-57.02
Debt Ratio	0.93	0.75	0.63	0.73	0.77	0.73	2.09	0.53	0.44	0.41	0.41	0.23
Efficiency & Turnover
Asset Turnover TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Receivables Turnover TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Per Share Metrics
Diluted EPS TTM	-7.24	-7.12	-6.76	-0.28	-2.32	-3.76	-9.43	-95.13	-87.10	-105.81	-149.45	-10.87
Free Cash Flow Per Share TTM	-5.12	-4.06	-3.87	-1.61	-3.40	-3.77	-7.85	-59.04	-68.68	-106.48	-170.91	-13.41
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Growth Metrics
Net Income Growth (1Y)	263.80%	103.24%	24.23%	-96.58%	-83.55%	-72.60%	-58.37%	7.29%	7.62%	6.54%	5.67%	-50.02%
EPS Growth (1Y)	212.79%	89.33%	-28.31%	-99.71%	-97.34%	-96.45%	-93.69%	775.23%	562.31%	635.56%	910.41%	-62.91%
Valuation Metrics
P/E TTM	-0.42	-0.42	-0.75	-47.61	-5.70	-5.87	-11.10	-1.37	-2.70	-6.66	-7.23	-114.27
P/B TTM	4.64	1.15	1.12	6.40	-1.86	-3.86	-14.02	3.65	6.06	12.66	10.77	118.88
Market Cap	33.32M	30.24M	48.23M	205.10M	123.18M	205.98M	572.50M	172.47M	355.23M	853.35M	895.51M	13.41B
Enterprise Value	23.01M	28.96M	35.31M	199.17M	160.06M	247.25M	576.91M	184.51M	359.57M	854.50M	882.39M	13.37B
Calculated Values
Free Cash Flow TTM	-55.57M	-40.68M	-36.70M	-24.96M	-31.71M	-35.21M	-42.92M	-78.12M	-103.60M	-128.88M	-141.71M	-144.70M
Net Debt	-10.31M	-1.28M	-12.92M	-5.93M	36.88M	41.27M	4.41M	12.04M	4.34M	1.15M	-13.12M	-38.87M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2025-12-15Sale

Owner: Ginnan, Robert M

Title: Chief Financial Officer

Shares: 567

Price/Share: $6.51

Value: $3,691.17

Shares Owned: 168

Relationship: Officer

Ownership: Direct

2025-12-15Sale

Owner: Anderson, Joshua Joseph

Title: Chief Technology Officer

Shares: 296

Price/Share: $6.51

Value: $1,926.96

Shares Owned: 104

Relationship: Officer

Ownership: Direct

2025-12-15Sale

Owner: Chess, Raymond Joseph

Title: -

Shares: 6,314

Price/Share: $6.51

Value: $41,104.14

Shares Owned: 215

Relationship: Director

Ownership: Direct

2025-12-15Sale

Owner: Miller, Austin Scott

Title: -

Shares: 5,051

Price/Share: $6.51

Value: $32,882.01

Shares Owned: 130

Relationship: Director

Ownership: Direct

2025-12-15Sale

Owner: Dedo, Jacqueline A

Title: -

Shares: 5,051

Price/Share: $6.51

Value: $32,882.01

Shares Owned: 156

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2025-12-15	Ginnan, Robert M	Officer	Chief Financial Officer	Direct	Sale	567	6.51	$3,691.17	168	4
2025-12-15	Anderson, Joshua Joseph	Officer	Chief Technology Officer	Direct	Sale	296	6.51	$1,926.96	104	4
2025-12-15	Chess, Raymond Joseph	Director	-	Direct	Sale	6,314	6.51	$41,104.14	215	4
2025-12-15	Miller, Austin Scott	Director	-	Direct	Sale	5,051	6.51	$32,882.01	130	4
2025-12-15	Dedo, Jacqueline A	Director	-	Direct	Sale	5,051	6.51	$32,882.01	156	4
2025-12-15	Henricks, Alan S.	Director	-	Direct	Sale	1,894	6.51	$12,329.94	0	4
2025-12-15	Mader, Pamela S.	Director	-	Direct	Sale	5,051	6.51	$32,882.01	140	4
2025-12-15	Harrington, James D.	Officer	General Counsel	Direct	Sale	532	6.51	$3,463.32	168	4
2025-12-15	Botti, Jean	Director	-	Direct	Sale	5,051	6.51	$32,882.01	143	4
2025-12-15	Dauch, Richard F	Director,Officer	Chief Executive Officer	Direct	Sale	8,564	6.51	$55,751.64	1,310	4
2025-12-15	March, Stanley Raymond	Officer	VP, Corporate Development	Direct	Sale	284	6.51	$1,848.84	98	4
2025-12-15	Quigley, William G Iii	Director	-	Direct	Sale	5,051	6.51	$32,882.01	133	4
2025-04-17	March, Stanley Raymond	Officer	VP, Corporate Development	Direct	Sale	184	1.31	$241.04	756	4
2025-04-17	Ginnan, Robert M	Officer	Chief Financial Officer	Direct	Sale	238	1.31	$311.78	1,183	4
2025-04-17	Anderson, Joshua Joseph	Officer	Chief Technology Officer	Direct	Sale	120	1.31	$157.20	823	4
2025-04-17	Harrington, James D.	Officer	General Counsel	Direct	Sale	369	1.31	$483.39	1,244	4
2025-04-17	Gaul, Ryan Wesley	Officer	President, Commercial Vehicles	Direct	Sale	200	1.31	$262.00	877	4
2025-04-17	Peters, James	Officer	VP, Supply Chain Management	Direct	Sale	100	1.31	$131.00	470	4
2025-04-17	Dauch, Richard F	Director,Officer	Chief Executive Officer	Direct	Sale	2,980	1.31	$3,903.80	10,364	4
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Institutional Ownership

No data available for chart

2026-03-31

2.10%

Inst. Shares: 209,796

Shares Outstanding: 10,014,000

2025-12-31

0.86%

Inst. Shares: 81,674

Shares Outstanding: 9,475,000

2025-09-30

4.32%

Inst. Shares: 671,951

Shares Outstanding: 15,537,878

2025-06-30

5.58%

Inst. Shares: 492,742

Shares Outstanding: 8,827,196

2025-03-31

2.22%

Inst. Shares: 206,645

Shares Outstanding: 9,329,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	209,796	10,014,000	2.10%
2025-12-31	81,674	9,475,000	0.86%
2025-09-30	671,951	15,537,878	4.32%
2025-06-30	492,742	8,827,196	5.58%
2025-03-31	206,645	9,329,000	2.22%
2024-12-31	2,632,149	5,468,000	48.14%
2024-09-30	1,872,564	1,323,168	141.52%
2024-06-30	2,379,451	1,508,403	157.75%
2024-03-31	52,070,337	1,210,429	-
2023-12-31	49,384,304	829,173	-
2023-09-30	51,495,553	10,793,926	-
2023-06-30	50,761,802	9,283,015	-
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Workhorse Group Inc. (WKHS) — SEC Financial Statements & Analysis

Workhorse Group Inc. (WKHS) is a motor vehicles & passenger car bodies company, incorporated in NV. Workhorse Group Inc. trades on Nasdaq as: WKHS. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Workhorse Group Inc. reported a Debt-to-Equity ratio of 14.34x, a Price-to-Book (P/B) ratio of 4.64x (TTM), at a market cap of $33.32M. Figures below are sourced from SEC EDGAR, as-filed.

Debt To Equity: 14.34x
P/B TTM: 4.64x
Market Cap: $33.32M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Workhorse Group Inc. in?

Workhorse Group Inc. (WKHS) operates in the Motor Vehicles & Passenger Car Bodies industry.

What is WKHS's market cap?

Workhorse Group Inc. (WKHS) has a market capitalization of $33.32M as of 2026-06-30.

What exchange does WKHS trade on?

Workhorse Group Inc. (WKHS) trades on the Nasdaq.

Where is Workhorse Group Inc. incorporated?

Workhorse Group Inc. is incorporated in NV.