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Companies / Consumer Discretionary / Workhorse Group Inc.
WKHS

Workhorse Group Inc.

Ticker WKHSWIXOM, MIFiscal year ends DecemberBook value per share $0.69Diluted shares 10.4M

Workhorse Group Inc. (Nasdaq: WKHS) is a North American manufacturer of medium-duty electric trucks and buses for commercial fleets and specialized applications. Its vehicles are marketed under the Workhorse and Motiv brands and include the Class 5/6 W56 step van and stripped chassis, as well as Class 4 EPIC4 cab… From the company’s description.

In fiscal 2025, Workhorse Group Inc. reported a net loss of $64.09M. Operations used $35.55M in cash.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%FY2025
$-64.09MFY2025
−24.2% year over year
Last 12 mo $-68.71M
-148.89%FY2025
−260 percentage points
Last 12 mo -957.29%
Cash & financing
$-35.55MFY2025
+6.8% year over year
Last 12 mo $-62.12M
$-36.16MFY2025
+15.7% year over year
Last 12 mo $-62.99M
0.36FY2025
Was -1.67× a year earlier
Last 12 mo 3.37
9.5MFY2025
+73.3% year over year
Last 12 mo 10.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Workhorse Group Inc. does

In the company’s own words

Workhorse Group Inc. (Nasdaq: WKHS) is a North American manufacturer of medium-duty electric trucks and buses for commercial fleets and specialized applications. Its vehicles are marketed under the Workhorse and Motiv brands and include the Class 5/6 W56 step van and stripped chassis, as well as Class 4 EPIC4 cab chassis configured as shuttle buses, school buses, box trucks and work trucks. The company also provides fleet telematics, charging infrastructure solutions, vehicle upfits, dealer training and support, and electrification services. Workhorse manufactures Class 5/6 vehicles at its Union City, Indiana facility and uses contract manufacturers for other models, with plans to consolidate production. The December 2025 merger with Motiv expanded its product range and combined customer bases and dealer networks; the resulting portfolio spans Category 4–6 trucks and buses. Workhorse Connect supports vehicle monitoring and service management, while Stables by Workhorse operates delivery routes that inform fleet electrification services. At December 31, 2025, the company had 148 full-time employees and 41 employees working under transition agreements. Its website is www.workhorse.com.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Motor Vehicles
Headquarters
WIXOM, MI
Fiscal year end
December
CIK
1425287
SIC
3711

Financial performance, year by year

Fiscal 2011–2025 · USD
$-448.46M$-307.12M$-165.78M$-24.45M$116.89M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Workhorse Group Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

9
funds hold it
0 of 35
superinvestors hold it
$0.93M
held by funds, at market
2.7%
of shares held by funds

Largest fund holders · Workhorse Group Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.00%of fund net assets
Fidelity Series Total Market Index Fund
FCFMX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Workhorse Group Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Workhorse Group Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Workhorse Group Inc.'s last four quarterly filings that the numbers alone won't show?”
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