SequelSEC

Workhorse Group Inc. WKHS

Motor Vehicles & Passenger Car Bodies · CIK 0001425287 · Fiscal year ends 1231

Revenue
$22.79M
Fiscal year ended 2026-06-30
Operating income
-$60.65M
Fiscal year ended 2026-06-30
Free cash flow
-$55.03M
Fiscal year ended 2026-06-30

Valuation, from the filing

Public float$11.64MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$1.07Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / revenue0.5×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.3×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Motor Vehicles & Passenger Car Bodies filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Revenue YoY growth201.1%92th
Gross margin-45.0%33th
Operating margin-223.7%33th
CapEx / revenue2.8%36th
FCF margin-170.5%36th
Net margin-302.1%36th
R&D / revenue62.1%64th
SBC / revenue3.2%40th
Current ratio1.54x43th
Long-term debt / equity0.36x50th

Workhorse Group Inc. (WKHS) reported revenue of $22.79M and net income of -$68.71M for the fiscal year ended 2026-06-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from Workhorse Group Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Motor Vehicles & Passenger Car Bodies.

Income

Workhorse Group Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Revenue$22.79M
Cost of revenue$35.39M
Gross profit-$12.60M
Operating income-$60.65M
Net income-$68.71M
Research & development$18.56M
Weighted-average diluted sharesUnavailable
Pretax income-$68.74M
Income tax expense-$30.00K
Diluted EPSUnavailable
Selling, general & administrative$29.48M
General & administrativeUnavailable
Selling & marketingUnavailable

Balance

Workhorse Group Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Cash & equivalents$9.63M
Total assets$110.14M
Current assets$56.49M
Total liabilities$102.96M
Current liabilities$44.29M
Total equity incl. NCI$7.18M
Temporary (mezzanine) equityUnavailable
Inventory$38.18M
Accounts receivable$2.28M
Goodwill$3.23M
Long-term debt$35.92M
Accounts payable$13.93M

Cash flow

Workhorse Group Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Operating cash flow-$54.43M
Capital expenditures$603.00K
Investing cash flow$9.83M
Financing cash flow$52.27M
Net change in cash$7.66M
Stock-based compensation$466.00K
Common dividends paidUnavailable
Common share repurchasesUnavailable
Depreciation & amortization$4.49M

Derived

Workhorse Group Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Free cash flow-$55.03M
Gross margin-55.3%
Operating margin-266.1%
FCF margin-241.5%
SBC / revenue2.0%
Current ratio1.28x
Revenue YoY growth237.3%
Net margin-301.5%
R&D / revenue81.5%
CapEx / revenue2.6%
Long-term debt / equity5.00x
Effective tax rateUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open WKHS in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-13View SEC filing
10-Q · Filed 2026-05-14View SEC filing
10-K · Filed 2026-03-31View SEC filing
10-Q · Filed 2025-11-10View SEC filing
10-Q · Filed 2025-08-15View SEC filing
10-Q · Filed 2025-05-15View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.