Workhorse Q2 revenue $5.7M (+613% YoY) on record 32 truck shipments; announces merger with Motiv

Workhorse Group Inc.

2025-Q2 EPS reported -$5.34 revenue$6,310,391

Revenue $5.7M vs $0.8M YoY; cost of sales $13.1M, SG&A $5.8M, R&D $1.2M.
Shipped 32 W56 trucks in Q2; secured 36 purchase orders, expanding customer base.
Agreed to merge with Motiv Electric Trucks to create leading medium-duty EV OEM.
Completed $20M sale-leaseback and $5M convertible note from Motiv's investor for near-term liquidity.
Cash and restricted cash total $24.7M; cash conservation reduced operating expenses $7M YoY.

item 2.02item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.