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Workhorse Group, Inc. (WKHS)

Nasdaq: WKHS · Motor Vehicles & Passenger Car Bodies · Wixom, MI · filing with the SEC since 2008
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Grade3.7
◀ Past 2.1● Present 3.5▶ Future 5.6
1 est.
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Income statement, as filed

In US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedMar 31, 2026Mar 31, 2025Mar 12, 2024Mar 1, 2023Mar 1, 2022Mar 1, 2021Mar 13, 2020Mar 18, 2019Mar 14, 2018Mar 14, 2017
Revenue21,211,0007,044,000r13,094,7525,023,072-851,9221,392,519376,562763,17310,038,4606,414,800
For lenders
Net interest income··-8,731,247-1,837,882-12,644,164-190,520,337-29,145,690···
Provision for credit losses21,0000········
Cost of revenue30,766,00013,190,000r38,350,54537,672,308132,492,11013,067,1085,844,8917,981,41324,399,363r13,578,262
Gross profit-9,555,000-6,146,000r-25,255,793-32,649,236-133,344,032-11,674,589-5,468,329-15,190,392-14,478,403r-7,163,462
Research and development13,163,00012,891,000r24,467,93323,213,54011,610,0279,148,9318,199,0747,391,69317,737,737r6,145,801
Selling, general and administrative24,722,00016,047,000r55,574,74073,220,08840,160,79520,157,65810,199,53411,485,4828,820,211r6,202,569
Total operating expenses37,885,00035,184,000r80,042,67396,433,62851,770,82229,306,58918,398,60818,877,17526,557,948r12,348,370
Operating income-47,440,000-41,330,000r-105,298,466-129,082,864-185,114,854-40,981,178r-23,866,937r-34,067,567··
Interest expense·····190,520,33729,145,6902,434,749180,43744,036
Interest income (expense), net-17,421,000-10,260,000r-8,731,247·······
Other income (expense), net-259,0003,000r-10,000,000·······
Income before income taxes-64,082,000-51,587,000r-124,029,713-117,274,218-423,191,90291,610,429-37,162,827-36,502,316··
Income tax expense4,0001,000r-110,5240-21,847,08921,833,93000··
Net income-64,086,000-51,588,000r-123,919,189-117,274,218-401,344,81369,776,499-37,162,827-36,502,316-41,216,788r-19,555,868
Net income to common shareholders····-401,344,81369,776,499-37,249,034-37,267,495-41,216,788·
Earnings per share, basic-6.76-9.43r-149.45r-185.00b-780.00b187.50b-145.00b···
Earnings per share, diluted-6.76-9.43r-149.45r-185.00b-780.00b175.00b-145.00b···
Earnings per share, basic and diluted········-265.00rb-195.00b
Weighted average shares, basic9,475,0005,468,000r829,173r634,305b514,705b371,488b257,259b201,512b··
Weighted average shares, diluted9,475,0005,468,000r829,173r634,305b514,705b399,799b257,259b201,512b··
Weighted average shares, basic and diluted······257,259b201,512b155,023b100,805b
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-250 reverse split.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:Revenues
us-gaap:SalesRevenueNet
Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet
Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpense
Interest income (expense), net interest earned less interest paid, outside the businessus-gaap:InterestIncomeExpenseNonoperatingNet
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
Weighted average shares, basic and diluted the average count, where both counts are the sameus-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted
SI Assistanton WKHS · research, not advice