earnings
confidence high
sentiment neutral
materiality 0.75
Workhorse Q4 revenue $9.7M (+64% YoY); full-year net loss $23.7M
Workhorse Group Inc.
2026-Q1 EPS reported
-$1.99
revenue$4,329,000
- Full-year 2025 revenue $21.2M (+201% YoY); pro forma combined revenue $34.0M (+149% vs $13.7M in 2024).
- Delivered 65 vehicles in Q4 and 112 in FY 2025 (vs 46 in FY 2024); combined fleet surpassed 20M real-world miles.
- Gross loss $5.7M in Q4; operating loss $20.1M; net loss $23.7M, including $4.9M merger-related expenses.
- Targeting $20M annualized cost synergies from Motiv merger integration; consolidated manufacturing at Union City, IN.
- Launched 140 kWh battery configuration for W56 step van; new $40M customer order lending facility for working capital.