WKHS
Income statement / Annual
Last year (2023), Workhorse Group Inc.'s total revenue was $13.09 M,
an increase of 160.69% from the previous year.
In 2023, Workhorse Group Inc.'s net income was -$123.92 M.
See Workhorse Group Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$13.09 M
|
$5.02 M
|
-$851,922.00
|
$1.39 M
|
$376,562.00
|
$763,173.00
|
$10.85 M
|
$6.41 M
|
$139,980.00
|
$177,500.00
|
| Cost of Revenue |
$38.35 M |
$37.67 M |
$132.49 M |
$13.07 M |
$5.84 M |
$15.95 M |
$24.52 M |
$13.58 M |
$0.00 |
$0.00 |
| Gross Profit |
-$25.26 M |
-$32.65 M |
-$133.34 M |
-$11.67 M |
-$5.47 M |
-$15.19 M |
-$13.67 M |
-$7.16 M |
$139,980.00 |
$177,500.00 |
| Gross Profit Ratio |
-1.93 |
-6.5 |
156.52 |
-8.38 |
-14.52 |
-19.9 |
-1.26 |
-1.12 |
1 |
1 |
| Research and Development
Expenses |
$24.47 M
|
$23.21 M
|
$11.61 M
|
$9.15 M
|
$8.20 M
|
$7.39 M
|
$18.06 M
|
$6.15 M
|
$4.74 M
|
$3.44 M
|
| General & Administrative
Expenses |
$54.37 M
|
$72.22 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$1.20 M
|
$1.00 M
|
$0.00
|
$0.00
|
$0.00
|
$11.49 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$55.57 M
|
$73.22 M
|
$40.16 M
|
$20.16 M
|
$10.20 M
|
$11.49 M
|
$10.33 M
|
$6.20 M
|
$3.86 M
|
$2.95 M
|
| Other Expenses |
$0.00 |
$12.14 M |
-$232.75 M |
-$323.11 M |
-$15.85 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Operating Expenses |
$80.04 M |
$96.43 M |
$51.77 M |
-$293.81 M |
$2.55 M |
$18.88 M |
$28.39 M |
$12.35 M |
$8.60 M |
$6.39 M |
| Cost And Expenses |
$118.39 M |
$134.11 M |
$184.26 M |
-$280.74 M |
$8.39 M |
$34.83 M |
$52.91 M |
$25.93 M |
$8.60 M |
$6.39 M |
| Interest Income |
$0.00 |
$264,682.00 |
$6.74 M |
$12.53 M |
$6.60 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$8.73 M |
$332,707.00 |
$6.74 M |
$12.53 M |
$29.15 M |
$2.43 M |
$180,437.00 |
$44,036.00 |
$965,884.00 |
$398,963.00 |
| Depreciation &
Amortization |
$4.06 M
|
$3.04 M
|
$1.91 M
|
$809,645.00
|
$388,401.00
|
$348,339.00
|
$549,973.00
|
$381,823.00
|
$371,226.00
|
$388,006.00
|
| EBITDA |
-$111.24 M
|
-$113.90 M
|
-$414.55 M
|
-$40.17 M
|
-$30.06 M
|
-$33.72 M
|
-$40.49 M
|
-$19.13 M
|
-$8.09 M
|
-$5.82 M
|
| EBITDA Ratio |
-8.49 |
-22.89 |
488.26 |
84.11 |
-21.29 |
-44.18 |
-3.83 |
-2.98 |
-57.79 |
-32.8 |
| Operating Income Ratio
|
-8.04
|
-25.7
|
217.29
|
83.53
|
-21.29
|
-44.64
|
3.88
|
3.04
|
60.44
|
34.98
|
| Total Other
Income/Expenses Net |
-$18.73 M
|
$11.81 M
|
-$238.08 M
|
$132.59 M
|
-$13.30 M
|
-$2.43 M
|
-$180,437.00
|
-$44,036.00
|
-$965,884.00
|
-$398,962.00
|
| Income Before Tax |
-$124.03 M |
-$117.27 M |
-$423.19 M |
$91.61 M |
-$37.16 M |
-$36.50 M |
-$42.24 M |
-$19.56 M |
-$9.43 M |
-$6.61 M |
| Income Before Tax Ratio
|
-9.47
|
-23.35
|
496.75
|
65.79
|
-98.69
|
-47.83
|
-3.89
|
-3.05
|
-67.34
|
-37.23
|
| Income Tax Expense |
-$110,524.00 |
-$11.81 M |
-$21.85 M |
$21.83 M |
$28.76 M |
$2.43 M |
$84.30 M |
$39.07 M |
$965,884.00 |
$398,962.00 |
| Net Income |
-$123.92 M |
-$105.47 M |
-$401.34 M |
$69.78 M |
-$65.92 M |
-$36.50 M |
-$42.24 M |
-$19.56 M |
-$9.43 M |
-$6.61 M |
| Net Income Ratio |
-9.46 |
-21 |
471.11 |
50.11 |
-175.06 |
-47.83 |
-3.89 |
-3.05 |
-67.34 |
-37.23 |
| EPS |
-11.96 |
-13.3 |
-62.38 |
15.03 |
-20.5 |
-14.49 |
-21.8 |
-15.52 |
-2.06 |
-1.44 |
| EPS Diluted |
-11.96 |
-13.3 |
-62.38 |
13.96 |
-20.5 |
-14.49 |
-21.8 |
-15.52 |
-2.06 |
-1.44 |
| Weighted Average Shares
Out |
$10.36 M
|
$7.93 M
|
$6.43 M
|
$4.64 M
|
$3.22 M
|
$2.52 M
|
$1.94 M
|
$1.26 M
|
$4.58 M
|
$4.58 M
|
| Weighted Average Shares
Out Diluted |
$10.36 M
|
$7.93 M
|
$6.43 M
|
$5.00 M
|
$3.22 M
|
$2.52 M
|
$1.94 M
|
$1.26 M
|
$4.58 M
|
$4.58 M
|
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