WKHS
Income statement / Annual
Last year (2024), Workhorse Group Inc.'s total revenue was $6.62 M,
a decrease of 49.47% from the previous year.
In 2024, Workhorse Group Inc.'s net income was -$101.79 M.
See Workhorse Group Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
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 |
| Operating Revenue |
$6.62 M |
$13.09 M |
$5.02 M |
-$851.92 K |
$1.39 M |
$376.56 K |
$763.17 K |
$10.85 M |
$6.41 M |
$139.98 K |
| Cost of Revenue |
$28.84 M
|
$38.35 M
|
$37.67 M
|
$125.69 M
|
$13.07 M
|
$5.84 M
|
$15.95 M
|
$24.52 M
|
$13.58 M
|
$0.00
|
| Gross Profit |
-$22.23 M
|
-$25.26 M
|
-$32.65 M
|
-$126.54 M
|
-$11.67 M
|
-$5.47 M
|
-$15.19 M
|
-$13.67 M
|
-$7.16 M
|
$139.98 K
|
| Gross Profit Ratio |
-3.36
|
-1.93
|
-6.5
|
148.54
|
-8.38
|
-14.52
|
-19.9
|
-1.26
|
-1.12
|
1
|
| Research and Development Expenses |
$9.15 M
|
$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
|
| General & Administrative Expenses |
$41.61 M
|
$53.47 M
|
$72.22 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing Expenses |
$900.00 K
|
$1.20 M
|
$1.00 M
|
$0.00
|
$0.00
|
$0.00
|
$11.49 M
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$42.51 M
|
$54.67 M
|
$73.22 M
|
$0.00
|
$0.00
|
$0.00
|
$11.49 M
|
$10.33 M
|
$6.20 M
|
$3.86 M
|
| Other Expenses |
$0.00
|
$900.00 K
|
$0.00
|
$46.96 M
|
$20.16 M
|
$10.20 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Operating Expenses |
$51.66 M
|
$80.04 M
|
$96.43 M
|
$58.57 M
|
$29.31 M
|
$18.40 M
|
$18.88 M
|
$28.39 M
|
$12.35 M
|
$8.60 M
|
| Cost And Expenses |
$80.50 M
|
$118.39 M
|
$134.11 M
|
$184.26 M
|
$42.37 M
|
$24.24 M
|
$34.83 M
|
$52.91 M
|
$25.93 M
|
$8.60 M
|
| Interest Income |
$0.00
|
$0.00
|
$264.68 K
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$22.24 M
|
$8.73 M
|
$332.71 K
|
$6.74 M
|
$12.53 M
|
$6.60 M
|
$2.43 M
|
$180.44 K
|
$44.04 K
|
$965.88 K
|
| Depreciation & Amortization |
$7.91 M
|
$4.06 M
|
$1.95 M
|
$1.91 M
|
$809.65 K
|
$388.40 K
|
$348.34 K
|
$549.97 K
|
$381.82 K
|
$371.23 K
|
| EBITDA |
-$71.76 M |
-$100.34 M |
-$127.14 M |
-$176.40 M |
-$40.17 M |
-$23.48 M |
-$33.72 M |
-$40.49 M |
-$19.13 M |
-$8.09 M |
| EBITDA Ratio |
-10.85
|
-7.66
|
-25.31
|
207.06
|
-28.85
|
-62.35
|
-44.18
|
-3.73
|
-2.98
|
-57.79
|
| Operating Income Ratio |
-11.17
|
-8.04
|
-25.7
|
217.29
|
-29.43
|
-63.38
|
-44.64
|
3.88
|
3.04
|
60.44
|
| Total Other Income/Expenses Net |
-$28.02 M
|
-$18.51 M
|
$11.81 M
|
-$238.08 M
|
$132.59 M
|
-$13.30 M
|
-$2.43 M
|
-$180.44 K
|
-$44.04 K
|
-$965.88 K
|
| Income Before Tax |
-$101.91 M
|
-$123.81 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
|
| Income Before Tax Ratio |
-15.4
|
-9.45
|
-23.35
|
496.75
|
65.79
|
-98.69
|
-47.83
|
-3.89
|
-3.05
|
-67.34
|
| Income Tax Expense |
-$117.06 K
|
$110.52 K
|
$0.00
|
-$21.85 M
|
$21.83 M
|
$0.00
|
$0.00
|
$84.30 M
|
$0.00
|
$965.88 K
|
| Net Income |
-$101.79 M
|
-$123.92 M
|
-$117.27 M
|
-$401.34 M
|
$69.78 M
|
-$37.16 M
|
-$36.50 M
|
-$42.24 M
|
-$19.56 M
|
-$9.43 M
|
| Net Income Ratio |
-15.38
|
-9.46
|
-23.35
|
471.11
|
50.11
|
-98.69
|
-47.83
|
-3.89
|
-3.05
|
-67.34
|
| EPS |
-51.689 |
-149.45 |
-184.885 |
-779.7575 |
187.83 |
-144.7925 |
-184.94 |
-265.875 |
-195 |
-137.5 |
| EPS Diluted |
-51.689 |
-149.45 |
-184.885 |
-779.7575 |
174.5275 |
-144.7925 |
-184.94 |
-265.875 |
-195 |
-137.5 |
| Weighted Average Shares Out |
$1.97 M
|
$829.17 K
|
$634.31 K
|
$514.70 K
|
$371.49 K
|
$257.26 K
|
$201.51 K
|
$155.02 K
|
$100.81 K
|
$69.17 K
|
| Weighted Average Shares Out Diluted |
$1.97 M
|
$829.17 K
|
$634.31 K
|
$514.70 K
|
$399.80 K
|
$257.26 K
|
$201.51 K
|
$155.02 K
|
$100.81 K
|
$69.17 K
|
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