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Workhorse Group Inc. (WKHS) stock

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NASDAQ: WKHS Nasdaq Automobile Manufacturers Next results ~November 12, 2026

Workhorse Group Inc. is a US-listed company in the automobile manufacturers industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Workhorse Group Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Workhorse Group Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 12 selling0 purchases and 23 sales by directors and officers, last 12 monthsInsider trades
  • Funds18 adding, 20 cuttingOf 2 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Workhorse Group files

Where Workhorse stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $23m, up 237.3% on a year earlier, faster than the 191.7% growth a quarter earlier. Free-cash-flow margin rose to -241.5% from -459.9% a year earlier. Operating margin narrowed to -266.1% from -224.8%. It passes 1 of our 5 financial-health checks.

Our model value for Workhorse Group is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 13, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 12, 2026 (estimated)

Workhorse Group Inc.'s trailing-twelve-month revenue grew 237.3% year on year, with a free-cash-flow margin of -241.5%.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 77.1% while net income fell 217.9%: a 141pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 237.3% over the last 12 months.
  • Growth speeding up. The growth rate is 45.6 points higher than a quarter earlier.

Things to watch

  • Results due soon. Results are expected around 9 November; the share price can move sharply on the day.
  • Loss-making. Operating margin is -266.1%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 41.3 points on a year ago.
  • Burning cash. Free cash flow was -241.5% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 20.9% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 99% and a beta of 1.6 against the S&P 500.

Latest results: FY2026 Q2

Filed August 13, 2026
Earnings per share
-$1.86 against an average estimate of -$0.95: missed by 96.1%
Revenue
$4m, up 374.9% on a year earlier
Share reaction
-1.0% in the first session after the results on August 13, 2026, against +0.5% for the S&P 500
Next report
November 12, 2026; average EPS estimate -$0.61

Workhorse Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+9.3%
  • 1 week+22.1%
  • 1 month+5.2%
  • This year-43.8%
  • 1 year-71.9%
  • 5 years-100.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$22.8M
Operating margin
-266.1%
Net margin
-301.5%

Growth

Revenue growth
+237.3%
Change in growth rate
+45.6 pts

Cash

Free cash flow (TTM)
-$55M
FCF margin
-241.5%
Stock pay % of revenue
-2.0%

Earnings

Last results
August 13, 2026
Next results (est.)
November 9, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Agreement
  3. Leadership
  4. Results
  5. Agreement
  6. Announcement
  7. Leadership
  8. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Workhorse Group Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025
Share price$23250.00$21180.00$7680.00$1584.00$9120.00$59340.00$13080.00$4560.00$1080.00$104.70$5.09
Market value$23.4bn$31.1bn$17.3bn$4.6bn$34.1bn$345.1bn$97.9bn$42.1bn$52m$572m$48m
+ Net debt (− = net cash)$9m$2m$3m$7m$15m−$45m−$202m−$99m$50m$62m$3m
Enterprise value$23.4bn$31.1bn$17.3bn$4.7bn$34.1bn$345.1bn$97.7bn$42.0bn$103m$634m$51m
Multiples
Price / sales n/mn/mn/mn/mn/mn/m—n/m4.0x81.3x2.3x
Price / earnings —————n/m—————
Price / free cash flow ———————————
EV / EBITDA ———————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

6 /100

Weak moat

How hard Workhorse Group's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -52.4% of total assets over 9 years.

  • Pricing power 0 / 20

    Gross margin has been a median -230.8%, moving by 1371.1 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -1166.4%; its worst year was -16653.5%.

  • Cash conversion 1 / 20

    Free cash flow was positive in 1 of 10 years, at a median -1109.5% of revenue.

  • Discipline 0 / 20

    The diluted share count rose 1554.1% over five years; stock-based pay has been a median 74.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (11 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 12, 2026, after the close. Analysts expect revenue of $9m and EPS of −$0.61 (range −$0.61 to −$0.61) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$4.21 — $34m —
Next −$1.96 +53% $58m +68%

How the EPS forecast has moved

In the last 30 days, 0 analysts raised Workhorse Group Inc.'s forecast and 0 cut it.

Consensus EPS forecast Workhorse Group Inc., last 90 days
−$6.00 −$4.00 −$2.00 $0.00 60 days ago 30 days ago 7 days ago Now Current fiscal year, 60 days ago: −$2.87 Current fiscal year, 30 days ago: −$2.87 Current fiscal year, 7 days ago: −$2.87 Current fiscal year, Now: −$4.21 −$4.21 Next fiscal year, 60 days ago: −$1.59 Next fiscal year, 30 days ago: −$1.59 Next fiscal year, 7 days ago: −$1.59 Next fiscal year, Now: −$1.96 −$1.96

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
60 days ago −$2.87−$1.59
30 days ago −$2.87−$1.59
7 days ago −$2.87−$1.59
Now −$4.21−$1.96

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.95 −$1.86 −96.1%
Mar 2026 −$1.24 −$1.99 −60.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Positioning

Short interest
22.5%
of tradable shares
Days to cover
14.67
at average volume
Short interest, 1 month
−0%
to October 15, 2026
Held by institutions
9%
of shares
Held by insiders
71.2%
of shares
Employees
148
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
WKHS−78%−65%−76%−90%−95%−44%
Industry peers (median)+26%−42%+8%−33%−39%−57%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
WKHS17%25%33%33%17%27%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
WKHS−90%−73%−86%−92%−96%−60%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 100% from February 4, 2021 to April 29, 2026. Getting back needed a 5299900% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$2.34 – $11.93
From 52-week high
−76.0%
vs 50-day average
−2.7%
vs 200-day average
−11.0%
Volatility (1 year)
99%
Beta vs S&P 500
1.59

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
1 up, 11 down
typical move ±11.1%
After a week
1 up, 11 down
typical move ±18.0%
After a month
1 up, 11 down
typical move ±26.2%
Results releasedNext dayS&P 500 next day5 days21 days
August 13, 2026 −1.0% +0.5% +1.9% −3.2%
May 14, 2026 −15.7% −0.4% −10.5% −18.9%
March 31, 2026 −5.1% +3.7% −13.7% −1.0%
November 10, 2025 −9.8% +1.8% −30.0% −30.8%
August 15, 2025 −9.0% −0.3% −18.1% −36.7%
May 15, 2025 −10.1% +1.1% −15.0% +1.5%
March 31, 2025 −12.9% +1.0% −36.1% −43.8%
November 19, 2024 −12.5% +0.4% −10.8% −36.9%
August 20, 2024 −27.9% +0.2% −36.2% −35.9%
May 20, 2024 −11.3% +0.4% −12.5% −64.6%
March 12, 2024 −14.9% +0.9% −22.5% −35.8%
November 14, 2023 +2.5% +2.2% −9.0% −5.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Workhorse Group Inc.
$0 $10M $20M $30M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $12.1M Revenue (TTM), FY23 Q4: $13.1M Revenue (TTM), FY24 Q1: $12.7M Revenue (TTM), FY24 Q2: $9.6M Revenue (TTM), FY24 Q3: $9.1M Revenue (TTM), FY24 Q4: $7M Revenue (TTM), FY25 Q1: $6.8M Revenue (TTM), FY25 Q2: $6.8M Revenue (TTM), FY25 Q3: $6.6M Revenue (TTM), FY25 Q4: $16.8M Revenue (TTM), FY26 Q1: $20M Revenue (TTM), FY26 Q2: $22.8M $22.8M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $12.1M
FY23 Q4 $13.1M
FY24 Q1 $12.7M
FY24 Q2 $9.6M
FY24 Q3 $9.1M
FY24 Q4 $7M
FY25 Q1 $6.8M
FY25 Q2 $6.8M
FY25 Q3 $6.6M
FY25 Q4 $16.8M
FY26 Q1 $20M
FY26 Q2 $22.8M
Revenue growth, TTM YoY Workhorse Group Inc.
-100% 0% 100% 200% 300% FY21 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY21 Q3: 141.9% Revenue growth, TTM YoY, FY23 Q4: 160.7% Revenue growth, TTM YoY, FY24 Q1: 90.1% Revenue growth, TTM YoY, FY24 Q2: -9.8% Revenue growth, TTM YoY, FY24 Q3: -25.0% Revenue growth, TTM YoY, FY24 Q4: -46.2% Revenue growth, TTM YoY, FY25 Q1: -46.2% Revenue growth, TTM YoY, FY25 Q2: -29.7% Revenue growth, TTM YoY, FY25 Q3: -27.1% Revenue growth, TTM YoY, FY25 Q4: 138.4% Revenue growth, TTM YoY, FY26 Q1: 191.7% Revenue growth, TTM YoY, FY26 Q2: 237.3% 237.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY21 Q3 141.9%
FY23 Q4 160.7%
FY24 Q1 90.1%
FY24 Q2 -9.8%
FY24 Q3 -25.0%
FY24 Q4 -46.2%
FY25 Q1 -46.2%
FY25 Q2 -29.7%
FY25 Q3 -27.1%
FY25 Q4 138.4%
FY26 Q1 191.7%
FY26 Q2 237.3%
Operating margin (TTM) Workhorse Group Inc.
-1500% -1000% -500% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -902.0% Operating margin (TTM), FY23 Q4: -804.1% Operating margin (TTM), FY24 Q1: -812.2% Operating margin (TTM), FY24 Q2: -1044.8% Operating margin (TTM), FY24 Q3: -1028.6% Operating margin (TTM), FY24 Q4: -586.7% Operating margin (TTM), FY25 Q1: -389.5% Operating margin (TTM), FY25 Q2: -224.8% Operating margin (TTM), FY25 Q3: -265.0% Operating margin (TTM), FY25 Q4: -227.6% Operating margin (TTM), FY26 Q1: -251.5% Operating margin (TTM), FY26 Q2: -266.1% -266.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -902.0%
FY23 Q4 -804.1%
FY24 Q1 -812.2%
FY24 Q2 -1044.8%
FY24 Q3 -1028.6%
FY24 Q4 -586.7%
FY25 Q1 -389.5%
FY25 Q2 -224.8%
FY25 Q3 -265.0%
FY25 Q4 -227.6%
FY26 Q1 -251.5%
FY26 Q2 -266.1%
FCF margin (TTM) Workhorse Group Inc.
-1500% -1000% -500% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -1217.1% FCF margin (TTM), FY23 Q4: -1082.2% FCF margin (TTM), FY24 Q1: -977.6% FCF margin (TTM), FY24 Q2: -1032.2% FCF margin (TTM), FY24 Q3: -811.0% FCF margin (TTM), FY24 Q4: -609.2% FCF margin (TTM), FY25 Q1: -504.8% FCF margin (TTM), FY25 Q2: -459.9% FCF margin (TTM), FY25 Q3: -358.6% FCF margin (TTM), FY25 Q4: -215.3% FCF margin (TTM), FY26 Q1: -200.9% FCF margin (TTM), FY26 Q2: -241.5% -241.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -1217.1%
FY23 Q4 -1082.2%
FY24 Q1 -977.6%
FY24 Q2 -1032.2%
FY24 Q3 -811.0%
FY24 Q4 -609.2%
FY25 Q1 -504.8%
FY25 Q2 -459.9%
FY25 Q3 -358.6%
FY25 Q4 -215.3%
FY26 Q1 -200.9%
FY26 Q2 -241.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 0 0 0 0 0 0 6 10 1 0 1 −1 5 13 7 21 23
Gross profit — — — — — 0 −7 −14 −15 −5 −12 −133 −33 −25 −6 −10 −13
EBITDA — — — — — — — — −34 −23 −40 −183 −127 −101 −41 −46 −56
Operating income — — — — — — — — −34 −24 −41 −185 −129 −105 −41 −47 −61
Net income −5 −9 −4 −6 −7 −9 −20 −41 −37 −37 70 −401 −117 −124 −52 −64 −69
Diluted EPS −$0.23 −$44.68 −$17.18 −$13.75 −$8.42 −$9.45 −$13.40 −$18.22 — −$9.97 $12.03 −$53.62 −$12.72 −$2568.23 −$9.43 −$6.76 —
Growth (year on year)
Revenue — +35.1% +43.2% −34.8% 0.0% −21.1% +>999% +56.5% −92.4% −50.7% +269.8% −161.2% — +160.7% −46.2% +201.1% +237.3%
Net income — — — — — — — — — — — −675.2% — — — — —
Diluted EPS — — — — — — — — — — — −545.7% — — — — —
Margins
Gross margin — — — — — 100.0% −111.7% −144.2% <−999% <−999% −838.4% — −650.0% −192.9% −87.3% −45.0% −55.3%
EBITDA margin — — — — — — — — <−999% <−999% <−999% >999% <−999% −773.1% −575.2% −217.8% −246.4%
Operating margin — — — — — — — — <−999% <−999% <−999% >999% <−999% −804.1% −586.7% −223.7% −266.1%
Net margin <−999% <−999% <−999% <−999% <−999% <−999% −304.9% −410.6% <−999% <−999% >999% >999% <−999% −946.3% −732.4% −302.1% −301.5%
Free-cash-flow margin <−999% <−999% −819.6% <−999% <−999% <−999% −305.0% −386.6% <−999% <−999% <−999% >999% <−999% <−999% −609.2% −170.5% −241.5%
Cash flow
Cash from operations −3 −6 −2 −3 −4 −8 −19 −39 −22 −37 −70 −133 −94 −123 −38 −36 −54
Capital spending 0 0 0 0 0 0 1 0 0 2 6 5 17 19 5 1 1
Free cash flow −3 −6 −2 −3 −4 −8 −20 −39 −22 −39 −76 −138 −111 −142 −43 −36 −55
Stock-based pay 1 2 0 1 0 0 1 1 1 2 4 5 11 13 1 1 −0
Free cash flow after stock pay −5 −8 −3 −4 −5 −9 −20 −40 −23 −41 −80 −143 −123 −155 −43 −37 −55
Balance sheet
Cash 0 0 0 0 0 8 0 4 2 24 47 202 99 26 7 12 10
Total debt 0 0 1 3 4 16 2 7 8 39 2 0 0 76 68 15 54
Net debt (negative = net cash) −0 0 1 3 3 9 2 3 7 15 −45 −202 −99 50 62 3 45
Diluted shares — — — — — 1m 1m 2m 3m 4m 6m 7m 9m — 5m 9m —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 5 checks passed · June 30, 2026
What it owns · $110m
Short-term assets $56mLonger-term assets $54m
What it owes, and who funded it · $110m
Short-term liabilities $44mLonger-term liabilities $59mShareholders' equity $7m
  • Short-term assets cover short-term liabilities $56m of assets due within a year against $44m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $56m short-term assets against $59m of longer-dated liabilities.
  • More cash than debt $10m of cash against $54m of debt.
  • Debt below 40% of shareholders' equity Debt is 755% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$54m of operating cash flow against $54m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Workhorse Group Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

R&D spending
81.5%
of revenue
Sales & admin spending
129.3%
of revenue
Days sales outstanding
37 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in automobile manufacturers
Last 12 months unless stated WKHS EZGO FLYE XOS KNDI GGR Median
Revenue, last 12 months $23m $20m $16m $38m $87m $281m $4.8bn
Revenue growth, last 12 months 237.3% 12.4% −28.0% −26.9% −31.5% −9.4% 2.0%
Revenue growth, 3-year average 28.8% — — 9.1% — — 2.8%
Revenue growth, latest quarter 374.9% — −48.4% −74.2% — — −1.1%
Gross margin −55.3% 6.5% 16.4% 12.7% 42.6% 8.2% 13.0%
Operating margin −266.1% −16.4% −51.4% −77.9% −65.4% −26.0% −16.4%
Operating margin, 3-year average −511.9% — −23.4% −76.3% — — −2.3%
Net margin −301.5% −42.4% −67.9% −51.6% −107.4% −28.4% −16.2%
Cash from operations / revenue −238.8% −10.8% −53.1% 3.3% 110.7% 12.8% 3.4%
Free-cash-flow margin −241.5% −20.9% −52.7% 3.2% 110.2% −10.3% 1.8%
Free-cash-flow margin, 3-year average −577.8% — −37.7% −30.6% — — 3.7%
Stock pay / revenue −2.0% 0.7% — 22.3% 8.1% 1.4% 0.9%
Change in share count 20.9% 117.1% — 39.7% −3.1% 11.4% 0.6%

Median of all 24 companies we cover in automobile manufacturers. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Vehicles $20.8M 97.9% ▲ 197.6%
Services Parts and Accessories $348,000 1.6% —
Extended Warranty Revenue $101,000 0.5% ▲ 48.5%

From Workhorse Group Inc.'s 10-K filed March 31, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.5M
Institutions reporting
63
Shares held vs prior quarter
▲ 125.2%
Positions opened / closed
8 / 10

Top buyers and sellers, Q2 2026: 18 institutions bought and 20 sold ; the biggest buyer was Vanguard Capital Management LLC (+217K shares) and the biggest seller Millennium Management LLC (−19K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Vanguard Capital Management LLC $924,785 301K 62.8% ▲ 256.9%
Blackrock, Inc. $146,187 48K 9.9% ▲ 47.7%
Geode Capital Management, LLC $141,846 46K 9.6% ▼ 8.9%
J. Safra Sarasin Holding AG $96,537 31K 6.6% New
Vanguard Fiduciary Trust Co $87,010 28K 5.9% ▲ 143.9%
Northern Trust Corp $36,103 12K 2.5% New
HRT Financial LP $32,000 11K 2.2% New
UBS Group AG $4,516 1K 0.3% ▲ 9093.8%
Tower Research Capital LLC (TRC) $1,096 0K 0.1% New
Group One Trading LLC $433 0K 0.0% ▼ 0.7%
Morgan Stanley $392 0K 0.0% ▲ 195.3%
Mcf Advisors LLC $261 0K 0.0% ▲ 8400.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Workhorse Group Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $284,526 23 trades by 12 insiders · 0% under pre-set plans
Net ▼ $284,526 net selling
Insider Date Trade Shares Price Value
Miller Austin Scott Director December 15, 2025 Sell 5,051 $6.51 $32,882
Mader Pamela S. Director December 15, 2025 Sell 5,051 $6.51 $32,882
Dauch Richard F Chief Executive Officer December 15, 2025 Sell 1,273 $6.51 $8,287
Dauch Richard F Chief Executive Officer December 15, 2025 Sell 5,051 $6.51 $32,882
Dauch Richard F Chief Executive Officer December 15, 2025 Sell 331 $6.51 $2,155
Dauch Richard F Chief Executive Officer December 15, 2025 Sell 1,909 $6.51 $12,428
Chess Raymond Joseph Director December 15, 2025 Sell 6,314 $6.51 $41,104
Ginnan Robert M Chief Financial Officer December 15, 2025 Sell 211 $6.51 $1,374
Ginnan Robert M Chief Financial Officer December 15, 2025 Sell 40 $6.51 $260
Ginnan Robert M Chief Financial Officer December 15, 2025 Sell 316 $6.51 $2,057
Harrington James D. General Counsel December 15, 2025 Sell 198 $6.51 $1,289
Harrington James D. General Counsel December 15, 2025 Sell 296 $6.51 $1,927

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 5 trades and filings

No trades in Workhorse Group Inc. disclosed in the last 12 months; 5 earlier trades on record.

  • Thomas R. Suozzi(D-NY 3):Sale (full), $15,001 - $50,000, traded October 5, 2020, filed September 23, 2021
  • Thomas R. Suozzi(D-NY 3):Purchase, $15,001 - $50,000, traded September 24, 2020, filed September 23, 2021
  • Warren Davidson(R-OH 8):Purchase, $15,001 - $50,000, traded September 21, 2020, filed March 25, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 9, 2026 estimated from the company's past filing pattern, not announced

  • August 13, 2026
  • May 14, 2026
  • March 31, 2026
  • November 10, 2025
  • August 15, 2025
  • May 15, 2025

Recent SEC filings

Data status

When each part of this page on Workhorse Group Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Workhorse Group Inc. in brief

What does Workhorse Group Inc. do?
Workhorse Group Inc. is a US-listed company in the automobile manufacturers industry. Its financial year ends in December.
What is Workhorse Group Inc.'s stock ticker?
Workhorse Group Inc. trades under the ticker WKHS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Workhorse Group Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Workhorse Group Inc. reported revenue of $22.8M, 237.3% higher than a year earlier, according to its SEC filings.
What is Workhorse Group Inc.'s free cash flow?
Workhorse Group Inc.'s free-cash-flow margin is -241.5% of revenue over the trailing twelve months.
Who are Workhorse Group Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Vanguard Capital Management LLC, Blackrock, Inc. and Geode Capital Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Workhorse Group Inc.'s market cap?
On December 31, 2025, Workhorse Group Inc.'s market capitalisation was about $48.2M and net debt of $3.2M. Market figures come from third-party market data and may be delayed.
How much debt does Workhorse Group Inc. have?
Workhorse Group Inc.'s debt-to-equity ratio is 754.6%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Workhorse Group Inc.'s competitors?
In our Automobile Manufacturers peer group, the companies closest to Workhorse Group Inc. are Ezgo Technologies Ltd., Fly-e Group, Inc., Xos, Inc., Kandi Technologies Group, Inc. and Gogoro Inc. The side-by-side comparison below sets their revenue, margins and growth against Workhorse Group Inc.'s.
Are insiders buying or selling Workhorse Group Inc. stock?
Over the last 12 months, Workhorse Group Inc.'s directors and officers reported 0 open-market purchases and 23 sales on Form 4. The insider trading page charts every trade.
When is Workhorse Group Inc.'s next earnings date?
Around November 12, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Workhorse Group Inc. announces its own schedule.