Workhorse Q1 revenue $4.3M, 21 vehicles delivered; net loss widens to $19.9M

Workhorse Group Inc.

2026-Q1 EPS reported -$1.99 revenue$4,329,000

Revenue $4.3M vs $1.1M YoY; delivered 21 vehicles vs 5 in Q1 2025.
Net loss $19.9M ($1.99/share) vs $12.7M ($1.36/share) in prior year.
Operating loss $21.1M vs $9.1M; gross loss $7.5M on higher volume.
100-vehicle W56 order from Gateway Fleets; deliveries start July 2026; backlog 200+ vehicles.
Targeting $20M annualized cost synergy run rate by end of 2026; facility consolidation done.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Workhorse Group Inc. reported first quarter ended March 31, 2026 results: revenue $4.3 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2026
Revenue: $4.3 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

as shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Press Release Workhorse Group Reports First Quarter 2026 Results • Revenue of $4.3 million in Q1 2026, compared to $1.1 million in Q1 2025 on a comparable GAAP basis • Delivered 21 vehicles in Q1 2026, compared to 5 vehicles in Q1 2025 • Announced 100-vehicle W56

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Workhorse Group Inc. filing history →

Source: SEC EDGAR

accession 0001628280-26-035102

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