Workhorse Group, Inc.
WKHS Consumer Cyclical Auto Manufacturers
In the quarter to June 2026, revenue grew 374.9%, EPS fell 35.1%, free cash flow fell 159.6% and total debt fell 46.6%, each against the same quarter a year earlier.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
12.92 | 6.63 | 35.85 | 99.28 | 201.65 | 241.23 | 24.87 | 1.51 | 4.07 | 0.47 |
Receivables |
3.89 | 3.59 | 4.47 | 17.08 | 0.15 | 1.04 | 0.04 | 0.05 | 1.06 | 0.73 |
Inventory |
39.07 | 21.40 | 45.41 | 8.85 | 10.07 | 15.47 | 1.80 | 2.53 | 4.62 | 2.46 |
Total current assets |
59.82 | 34.18 | 93.83 | 139.36 | 216.22 | 290.49 | 31.52 | 6.37 | 10.70 | 3.92 |
Property, Plant, Equpment (Net) |
22.47 | 2.12 | 37.88 | 21.50 | 7.90 | 11.40 | 6.83 | 5.24 | 5.60 | 6.00 |
Long-Term Investments |
— | — | — | 10.00 | — | 330.56 | 12.19 | — | — | — |
Long-term receivables |
— | — | — | — | — | 0.09 | 0.13 | 0.20 | 0.21 | 0.32 |
Goodwill and Intangible Assets (Total) |
13.31 | — | — | — | — | — | — | — | — | — |
Long-term assets (Other) |
0.42 | 0.14 | 0.18 | 0.18 | 2.48 | 0.09 | — | — | — | — |
Total non-current assets |
58.07 | 3.23 | 47.85 | 43.38 | 11.92 | 342.05 | 19.15 | 5.44 | 5.81 | 6.32 |
Total Assets |
117.89 | 37.41 | 141.67 | 182.74 | 228.14 | 632.54 | 50.67 | 11.80 | 16.50 | 10.24 |
Accounts Payable |
11.64 | 2.07 | 12.46 | 10.24 | 7.85 | 4.79 | 1.68 | 4.34 | 5.66 | 3.22 |
Accrued Expenses |
17.03 | 4.80 | 4.86 | 46.21 | 14.75 | 6.00 | 3.41 | 3.95 | 0.28 | 0.80 |
Current Part of Debt |
— | 68.36 | 20.18 | 1.29 | 0.36 | 1.41 | 19.62 | 1.34 | 0.38 | 0.08 |
Current Part of Capital Lease |
— | 0.53 | 2.55 | — | — | — | — | — | — | — |
Current Revenue (Deferred) |
— | 6.35 | 4.71 | 3.38 | 0.00 | — | — | — | — | — |
Other current liabilities |
6.57 | 0.79 | 7.51 | 2.21 | 4.58 | 5.40 | 22.34 | 9.29 | 0.20 | 0.23 |
Total current liabilities |
38.85 | 76.92 | 53.28 | 63.31 | 27.55 | 17.60 | 47.04 | 18.92 | 6.52 | 4.33 |
Long Term Debt (Total) |
5.43 | 0.02 | — | 8.84 | 24.71 | 197.70 | 19.40 | 8.31 | 6.47 | 2.09 |
Non-current Revenue (Deferred) |
— | — | — | 2.01 | — | — | — | — | — | — |
Long Term Tax Liability (Deferred) |
— | — | — | — | — | 21.83 | — | — | — | — |
Preferred Shares of Subsidiary (Mandatory, Redeemable) |
— | — | — | — | — | — | 19.14 | — | — | — |
Non-current Liabilities (Other) |
11.79 | 1.22 | — | — | — | 0.21 | 0.00 | 0.00 | — | 0.00 |
Total non-current liabilities |
36.00 | 1.31 | 5.28 | 10.85 | 25.90 | 219.74 | 38.54 | 8.31 | 6.47 | 2.09 |
Total liabilities |
74.85 | 78.23 | 58.56 | 74.16 | 53.45 | 237.34 | 85.59 | 27.23 | 12.99 | 6.42 |
Additional Paid In Capital |
362.06 | 214.06 | 834.68 | 736.07 | 686.32 | 504.11 | 143.83 | 126.08 | 107.76 | 66.86 |
Preferred Stock (Total) |
— | 0.05 | — | — | — | — | — | — | — | — |
Common Stock (Net) |
0.01 | 0.01 | 0.00 | 0.17 | 0.15 | 0.12 | 0.07 | 0.06 | 0.04 | 0.03 |
Retained Earnings |
(319.02) | (254.94) | (751.57) | (627.65) | (510.37) | (109.03) | (178.81) | (141.56) | (104.29) | (63.07) |
Common Equity (Total) |
43.04 | (40.86) | 83.11 | 108.59 | 174.69 | 395.20 | (34.91) | (15.42) | 3.51 | 3.82 |
Shareholders Equity (Total) |
43.04 | (40.82) | 83.11 | 108.59 | 174.69 | 395.20 | (34.91) | (15.42) | 3.51 | 3.82 |
Shareholders Equity and Liabilities (Total) |
117.89 | 37.41 | 141.67 | 182.74 | 228.14 | 632.54 | 50.67 | 11.80 | 16.50 | 10.24 |
Shares (Common) |
9.70 | 9.33 | 0.10 | 0.06 | 0.05 | 0.04 | 0.02 | 0.02 | 0.01 | 0.01 |
Shares (Preferred) |
— | 44.87 | — | — | — | — | — | — | — | — |
Shareholders Equity (Tangible) |
29.73 | (40.82) | 83.11 | 108.59 | 174.69 | 395.20 | (34.91) | (15.42) | 3.51 | 3.82 |
Net Debt |
(7.49) | 61.76 | (15.67) | (89.15) | (176.58) | (42.12) | 14.15 | 8.14 | 2.78 | 1.70 |
Total Debt |
5.43 | 68.38 | 20.18 | 10.13 | 25.07 | 199.11 | 39.02 | 9.65 | 6.85 | 2.17 |