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Workhorse Group Inc.

Data quality: 100%

WKHS

NASDAQ Manufacturing Transportation Equipment

$2.75

▲ $0.06 (2.23%)

6 months return

—

Momentum

Neutral

ROE

-235.54%

Growth

Revenue Growth (5Y)

N/A

Revenue (1Y)220.58%

Earnings (1Y)N/A

FCF Growth (3Y)N/A

Quality

Return on Equity

-235.54%

Below sector avg (-54.68%)

ROIC-91.32%

Net Margin-302.14%

Op. Margin-223.66%

Safety

Debt / Equity

N/A

Current Ratio1.21

Interest CoverageN/A

Valuation

PE (TTM|NTM)

-0.40 | -1.53

Above sector avg (-1.50)

P/B Ratio0.80

EV/EBITDAN/A

Dividend YieldN/A

Quick Summary

Key Takeaways

Short bullets derived from reported financials—not the AI summary above.

Negative free cash flow of -36.16 M

Capital efficient — spends only 2.84% of revenue on capex

Price History

Financial Trends

Analyst Price Target

1 analyst

Hold

+9.1%

upside to target

Current

$2.75

Consensus Target

$3.00

Low

$3.00

High

Forecast

Forward P/E

-1.53

Forward EPS

-$1.59

Est. Revenue

50.70 M

Growth

Rev 5Y: N/A · Earnings 1Y: N/A

Revenue Growth (1Y)	220.58%	Revenue Growth (3Y)	27.27%
Earnings Growth (1Y)	N/A	Earnings Growth (3Y)	N/A
Revenue Growth (5Y)	N/A	Earnings Growth (5Y)	N/A

Profitability

ROE: -235.54% · Net Margin: -302.14%

Revenue (TTM)	21.21 M	Net Income (TTM)	-64.09 M
ROE	-235.54%	ROA	-59.34%
Gross Margin	-45.05%	Operating Margin	-223.66%
Net Margin	-302.14%	Free Cash Flow (TTM)	-36.16 M
ROIC	-91.32%	FCF Growth (3Y)	N/A

Safety

D/E: N/A · Current: 1.21

Debt / Equity	N/A	Current Ratio	1.21
Interest Coverage	N/A	Asset Turnover	0.20
Working Capital	12.53 M	Tangible Book Value	32.07 M

Dividends

Yield: N/A · Payout: N/A

Dividend Yield	N/A	Payout Ratio	N/A
Dividend Growth (3Y)	N/A	Dividend Growth (5Y)	N/A
Consecutive Div Years	N/A

Valuation

P/E: -0.40 · EV/EBITDA: N/A

P/E Ratio	-0.40	Forward P/E	-1.53
P/B Ratio	0.80	P/S Ratio	1.20
PEG Ratio	N/A	Forward PEG	N/A
EV/EBITDA	N/A	Fwd EV/EBITDA	N/A
Forward P/S	0.50	Fwd Earnings Yield	N/A
FCF Yield	-141.80%
Market Cap	25.50 M	Enterprise Value	12.77 M

Per Share

EPS: -6.76 · FCF/Share: -3.46

EPS (Diluted TTM)	-6.76	Revenue / Share	2.03
FCF / Share	-3.46	OCF / Share	-3.40
EPS CAGR (1Y)	N/A	EPS CAGR (5Y)	N/A
EPS CAGR (10Y)	N/A

Efficiency

FCF Conv: 56.42% · CapEx/Rev: 2.84%

CapEx / Revenue	2.84%	FCF Conversion	56.42%
SBC-Adj. FCF	-39.67 M	Growth Momentum	N/A

Income Statement

Annual, most recent first

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	21.21 M	6.62 M	13.09 M	5.02 M	—
Net Income	-64.09 M	-101.79 M	-123.92 M	-117.27 M	-401.34 M
EPS (Diluted)	-6.76	-51.69	-0.60	-0.74	-3.12
Gross Profit	-9.56 M	-22.23 M	-25.26 M	-32.65 M	-133.34 M
Operating Income	-47.44 M	-73.89 M	-105.30 M	-129.08 M	-185.11 M
EBITDA	—	—	—	—	—
R&D Expenses	13.16 M	9.15 M	24.47 M	23.21 M	11.61 M
SG&A Expenses	24.72 M	42.51 M	55.57 M	73.22 M	40.16 M
D&A	1.24 M	7.91 M	4.06 M	1.95 M	1.91 M
Interest Expense	—	—	-8.73 M	-1.84 M	-12.64 M
Income Tax	4,000.0	-117,061.0	-110,524.0	0.0	-21.85 M

Balance Sheet

Annual, most recent first

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Total Assets	117.89 M	93.84 M	141.67 M	182.74 M	228.14 M
Total Liabilities	74.85 M	49.55 M	58.56 M	74.16 M	53.45 M
Shareholders' Equity	43.04 M	44.29 M	83.11 M	108.59 M	174.69 M
Total Debt	—	—	—	—	—
Cash & Equivalents	12.92 M	4.12 M	25.85 M	99.28 M	201.65 M
Current Assets	59.82 M	53.43 M	93.83 M	139.36 M	216.22 M
Current Liabilities	38.85 M	45.24 M	53.28 M	63.31 M	27.55 M

Peer Comparison

vs Manufacturing sector median (1605 peers)

Metric	Stock	Sector Median
P/E	-0.4	-1.5
P/B	0.8	1.6
ROE %	-235.5	-54.7
Net Margin %	-302.1	-41.5
Rev Growth 5Y %	—	1.7
D/E	—	0.3