Quick Answer
Workhorse Group Inc. reported Total Revenue of $1.39 million for fiscal year 2020.
Workhorse Group Inc. — Key Financials by Year
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Total Revenue | — | — | — | — | — | $1.39M +269.8% |
| Revenue (ASC 606) | — | — | — | — | — | $1.39M +269.8% |
| Net Income | -$64.09M -24.2% |
-$51.59M +58.4% |
-$123.92M -5.7% |
-$117.27M +70.8% |
-$401.34M -675.2% |
$69.78M +287.8% |
| Diluted EPS | -$6.76 +28.3% |
-$9.43 +93.7% |
-$149.45 -20095.9% |
-$0.74 +76.3% |
-$3.12 -545.7% |
$0.70 +220.7% |
| Total Assets | $117.89M +215.2% |
$37.41M -73.6% |
$141.67M -22.5% |
$182.74M -19.9% |
$228.14M -63.9% |
$632.54M +1148.3% |
| Cash and Equivalents | $12.92M +94.9% |
$6.63M -74.4% |
$25.85M -74.0% |
$99.28M -50.8% |
$201.65M +330.7% |
$46.82M +96.1% |
| Long-Term Debt | — | — | — | — | — | — |
| Stockholders Equity | $43.04M +205.4% |
-$40.82M +26.6% |
-$55.64M -151.2% |
$108.59M -37.8% |
$174.69M -55.8% |
$395.20M +1232.0% |
| R&D Expense | $13.16M +2.1% |
$12.89M -47.3% |
$24.47M +5.4% |
$23.21M +99.9% |
$11.61M +26.9% |
$9.15M +11.6% |
| Operating Income | -$47.44M -14.8% |
-$41.33M +60.7% |
-$105.30M +18.4% |
-$129.08M +30.3% |
-$185.11M -351.7% |
-$40.98M -71.7% |
| Gross Profit | -$9.55M -55.5% |
-$6.15M +75.7% |
-$25.26M +22.6% |
-$32.65M +75.5% |
-$133.34M -1042.2% |
-$11.67M -113.5% |
| Shares Outstanding | 9.70M +747.9% |
1.14M +0.0% |
1.14M -99.3% |
165.61M +9.0% |
151.92M +24.6% |
121.92M +81.7% |
Most Recent Quarter
| Metric | Quarter Ending | Value | YoY | QoQ |
|---|---|---|---|---|
| Total Revenue | June 30, 2021 | $1.20M | +1208.3% | +130.9% |
| Revenue (ASC 606) | June 30, 2021 | $1.20M | +1208.3% | +130.9% |
| Net Income | September 30, 2025 | -$7.83M | +68.9% | +47.0% |
| Diluted EPS | September 30, 2025 | -$0.50 | +97.4% | +70.1% |
| Total Assets | September 30, 2025 | $116.74M | +15.1% | +17.6% |
| Cash and Equivalents | September 30, 2025 | $12.73M | +292.2% | +480.9% |
| Long-Term Debt | September 30, 2020 | $548.7K | -93.3% | -30.0% |
| Stockholders Equity | September 30, 2025 | $32.07M | -32.1% | +43.5% |
| R&D Expense | September 30, 2025 | $1.08M | -53.4% | -13.5% |
| Operating Income | September 30, 2025 | -$16.56M | -16.9% | -14.4% |
| Gross Profit | September 30, 2025 | -$7.71M | -86.5% | -4.4% |
| Shares Outstanding | September 30, 2025 | 21.28M | -33.2% | +101.0% |
- Workhorse Group Inc. reported Total Revenue of $1.39 million for fiscal year 2020.
- Workhorse Group Inc. showed an increase of +269.8% in Total Revenue compared to the prior fiscal year.
- Workhorse Group Inc. reported Revenue (ASC 606) of $1.39 million for fiscal year 2020.
- Workhorse Group Inc. showed an increase of +269.8% in Revenue (ASC 606) compared to the prior fiscal year.
- Workhorse Group Inc. reported Net Income of -$64.09 million for fiscal year 2025.
- Workhorse Group Inc. showed a decrease of -24.2% in Net Income compared to the prior fiscal year.
- Workhorse Group Inc. reported Diluted EPS of $6.76 per share (loss) for fiscal year 2025.
- Workhorse Group Inc. showed an increase of +28.3% in Diluted EPS compared to the prior fiscal year.
- Workhorse Group Inc. reported Total Assets of $117.89 million for fiscal year 2025.
- Workhorse Group Inc. showed an increase of +215.2% in Total Assets compared to the prior fiscal year.
- Workhorse Group Inc. reported Cash and Equivalents of $12.92 million for fiscal year 2025.
- Workhorse Group Inc. showed an increase of +94.9% in Cash and Equivalents compared to the prior fiscal year.
- Workhorse Group Inc. reported Long-Term Debt of $19.40 million for fiscal year 2019.
- Workhorse Group Inc. showed an increase of +133.4% in Long-Term Debt compared to the prior fiscal year.
- Workhorse Group Inc. reported Stockholders Equity of $43.04 million for fiscal year 2025.
- Workhorse Group Inc. showed an increase of +205.4% in Stockholders Equity compared to the prior fiscal year.
- Workhorse Group Inc. reported R&D Expense of $13.16 million for fiscal year 2025.
- Workhorse Group Inc. showed an increase of +2.1% in R&D Expense compared to the prior fiscal year.
- Workhorse Group Inc. reported Operating Income of -$47.44 million for fiscal year 2025.
- Workhorse Group Inc. showed a decrease of -14.8% in Operating Income compared to the prior fiscal year.
- Workhorse Group Inc. reported Gross Profit of -$9.55 million for fiscal year 2025.
- Workhorse Group Inc. showed a decrease of -55.5% in Gross Profit compared to the prior fiscal year.
- Workhorse Group Inc. reported Shares Outstanding of 9.70 million shares for fiscal year 2025.
- Workhorse Group Inc. showed an increase of +747.9% in Shares Outstanding compared to the prior fiscal year.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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