---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-25-004456"
form_type: "8-K"
ticker: "WKHS"
cik: "0001425287"
company_name: "Workhorse Group Inc."
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T01:40:23.510528+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Workhorse FY2024 revenue $6.6M, net loss $101.8M; executes 1-for-12.5 reverse split

## Summary
- Sales $6.6M, down 50% YoY from $13.1M; net loss $101.8M vs $123.9M prior year.
- Completed 1-for-12.5 reverse stock split on March 17, 2025 to regain Nasdaq minimum bid compliance.
- Issued $35M convertible note to institutional investor; only $3M of net proceeds released as of March 31.
- W4 CC and W56 models approved by Transport Canada; secured order for 13 W56 extended wheelbase step vans.
- Working capital $8.2M at Dec 31, 2024, including $4.6M cash; cost reduction actions continuing.

## SEC filing metadata
- accession: 0001013762-25-004456
- form_type: 8-K
- ticker: WKHS
- cik: 0001425287
- company_name: Workhorse Group Inc.
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425287/000101376225004456/0001013762-25-004456-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425287/000101376225004456/ea0236260-8k_work.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-25-004456
- JSON: https://secwatch.observer/filing/0001013762-25-004456.json
- Plain text: https://secwatch.observer/filing/0001013762-25-004456.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.