Saturday 17 October 2026
Export WKHS’s income statement to Excel — free account
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.
2.63
0.27
−9.31%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 24.72 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
3 | 3 | 2 | 4 | 5 | — | — | 4 | 3 | 4 |
Altman Z-Score |
2.29 | (11.56) | (26.94) | (5.49) | 4.70 | 1.48 | (4.66) | (8.68) | (9.98) | (4.34) |
P/S ratio |
27.07 | 10.64 | 34.87 | 518.24 | 1,316.77 | 0.00 | 51.09 | 5.71 | 81.28 | 2.27 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
(32.53) | (35.36) | (66.05) | (17.11) | 3.58 | (3.89) | (11.68) | (18.92) | (37.68) | (9.76) |
P/Operating CF |
(30.48) | (10.29) | (6.01) | (15.33) | (56.18) | (24.91) | (9.22) | (2.72) | 291.82 | (4.58) |
P/B ratio |
45.49 | 30.42 | 0.00 | 0.00 | 4.64 | 3.21 | 2.36 | 0.90 | 0.00 | 1.12 |
Price to Tangible BV |
45.49 | 30.42 | 0.00 | 0.00 | 4.64 | 3.21 | 2.36 | 0.90 | 0.00 | 1.62 |
EV/Sales |
27.33 | 10.92 | 45.53 | 555.81 | 1,286.53 | (451.41) | 33.34 | 5.10 | 90.04 | 3.20 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
(9.21) | (2.83) | (1.60) | (5.68) | (25.49) | (2.90) | (1.78) | (0.54) | (16.62) | (1.91) |
EV/FCF |
(8.96) | (2.82) | (1.59) | (5.40) | (23.57) | (2.79) | (1.54) | (0.47) | (14.78) | (1.88) |
Quick Ratio |
0.28 | 0.79 | 0.08 | 0.53 | 13.77 | 7.32 | 1.84 | 0.76 | 0.13 | 0.43 |
Current Ratio |
0.90 | 1.64 | 0.34 | 0.67 | 16.51 | 7.85 | 2.20 | 1.76 | 0.44 | 1.54 |
Net Debt/EBITDA |
(0.09) | (0.07) | (0.24) | (0.60) | 1.05 | 0.96 | 0.70 | 0.15 | (1.52) | 0.16 |
Debt/Assets |
21.17% | 41.53% | 81.77% | 77.00% | 31.48% | 10.99% | 5.54% | 14.24% | 182.81% | 4.61% |
Debt/Equity |
0.57 | 1.95 | (0.63) | (1.12) | 0.50 | 0.14 | 0.09 | 0.24 | (1.68) | 0.13 |
Asset Turnover |
0.52 | 0.75 | 0.05 | 0.01 | 0.00 | 0.00 | 0.02 | 0.08 | 0.08 | 0.27 |
Operating CF/Net income |
0.97 | 0.94 | 0.60 | 0.99 | (1.01) | 0.33 | 0.80 | 0.99 | 0.74 | 0.55 |
Capex/Depreciation |
(1.38) | (0.26) | (0.05) | (5.15) | (7.08) | (2.78) | (7.72) | (4.60) | (5.74) | (0.49) |
Interest Coverage |
(443.45) | (227.47) | (13.99) | (0.82) | (0.22) | (14.64) | (70.23) | (12.06) | (4.03) | (2.72) |
| (115,374.04%) | (1,124.82%) | 612.93% | 147.66% | 38.73% | (140.85%) | (82.80%) | (129.29%) | (244.22%) | (5,887.55%) | |
| (157.19%) | (308.23%) | (257.88%) | (118.96%) | 20.43% | (93.26%) | (57.08%) | (76.39%) | (57.61%) | (82.53%) | |
ROIC |
(221.11%) | (407.37%) | 0.00% | 0.00% | (7.25%) | 0.00% | (415.10%) | (97.58%) | (123.39%) | (83.40%) |
Return on Tangible Assets |
(350.16%) | (421.78%) | 499.46% | 427.45% | 24.54% | (204.17%) | (120.22%) | (158.02%) | 126.99% | (147.53%) |
Average Days of Receivables |
41.37 | 38.49 | 23.10 | 39.74 | 271.95 | (64.18) | 1,241.06 | 124.60 | 186.02 | 66.92 |
Research and Development Expense of Revenue |
95.81% | 176.70% | 968.51% | 2,177.14% | 657.01% | (1,362.84%) | 462.13% | 186.85% | 183.01% | 62.06% |
Selling, General and Administrative Expense of Revenue |
96.69% | 87.86% | 1,504.91% | 2,708.31% | 1,447.59% | (4,714.26%) | 1,457.67% | 424.40% | 227.81% | 116.55% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 |
Share Based Compensation of Revenue |
12.46% | 14.28% | 138.84% | 525.76% | 288.75% | (580.28%) | 228.15% | 102.50% | 7.88% | 3.20% |
Graham Net Nets |
(0.01) | (0.02) | (0.78) | (0.28) | 0.03 | 0.29 | 0.25 | 0.47 | (0.08) | (0.31) |
Graham Number |
0.00 | 0.00 | 6,772.92 | 8,071.79 | 26,285.45 | 0.00 | 0.00 | 0.00 | 59.21 | 0.00 |
Earnings Yield |
(13.07%) | (42.41%) | (140.21%) | (19.46%) | 4.05% | (71.59%) | (45.70%) | (163.50%) | (19.91%) | (219.95%) |
Free Cash Flow Yield |
(11.27%) | (36.33%) | (82.09%) | (19.86%) | (4.15%) | (24.57%) | (42.41%) | (189.36%) | (7.50%) | (74.97%) |
Revenue per Share |
763.67 | 778.18 | 45.43 | 17.60 | 45.06 | (19.86) | 95.13 | 189.51 | 1.29 | 2.24 |
Operating CF per Share |
(2,265.98) | (2,997.09) | (1,294.89) | (1,722.98) | (2,274.40) | (3,090.38) | (1,776.87) | (1,780.38) | (6.98) | (3.75) |
Capex per Share |
(62.87) | (11.12) | (1.10) | (93.48) | (185.38) | (123.87) | (284.46) | (270.44) | (0.87) | (0.06) |
Free Cash Flow per Share |
(2,328.85) | (3,008.21) | (1,295.98) | (1,816.46) | (2,459.78) | (3,214.25) | (2,061.33) | (2,050.82) | (7.85) | (3.82) |
Cash per Share |
55.90 | 315.47 | 90.05 | 1,162.07 | 7,806.77 | 4,700.41 | 1,880.23 | 518.75 | 1.21 | 1.36 |
Shareholders Equity per Share |
454.40 | 272.22 | (918.00) | (1,631.45) | 12,789.78 | 4,072.09 | 2,056.57 | 1,202.78 | (7.47) | 4.54 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
454.40 | 272.22 | (918.00) | (1,631.45) | 12,789.78 | 4,072.09 | 2,056.57 | 1,202.78 | (7.47) | 4.54 |
Free Cash Flow |
(19.56) | (38.81) | (21.77) | (38.87) | (76.01) | (137.89) | (108.84) | (141.71) | (42.91) | (36.16) |
Working Capital |
(0.42) | 4.18 | (12.55) | (15.52) | 272.90 | 188.67 | 76.05 | 40.54 | (42.74) | 20.97 |
Capital Expenditures |
(0.53) | (0.14) | (0.02) | (2.00) | (5.73) | (5.31) | (15.02) | (18.69) | (4.76) | (0.60) |
Net Current Asset Value |
(2.51) | (2.30) | (20.86) | (54.07) | 53.15 | 162.78 | 65.20 | 35.26 | (44.05) | (15.03) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.08 | 0.01 | 0.02 | 5.31 | 4.11 | (6.24) | 2.99 | 1.43 | 0.68 | 0.03 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.06 | 0.10 | 0.07 | 0.06 | 0.07 | 0.24 | 0.09 | 0.11 | 0.39 | 0.06 |
Cash ROIC |
(303.08%) | (268.83%) | 511.48% | (134.16%) | (9.10%) | (34.35%) | (49.93%) | (101.85%) | (125.51%) | (58.89%) |
Accounts Receivable Turnover |
17.52 | 11.24 | 1.38 | 8.43 | 2.58 | (1.43) | 0.58 | 1.22 | 1.75 | 5.67 |
Accounts Payable Turnover |
5.19 | 5.52 | 3.19 | 1.94 | 4.04 | 20.96 | 4.17 | 3.38 | 1.82 | 4.49 |
Inventory Turnover |
10.68 | 6.92 | 4.46 | 2.70 | 1.51 | 10.38 | 3.98 | 1.41 | 0.39 | 1.02 |
Average Days of Payables |
86.64 | 84.23 | 99.31 | 104.85 | 133.82 | 21.62 | 99.17 | 118.55 | 57.37 | 138.03 |
Days of Inventory on Hand |
66.26 | 68.81 | 57.97 | 112.29 | 432.04 | 27.73 | 85.75 | 432.17 | 592.27 | 463.46 |
Average Receivables |
0.37 | 0.89 | 0.55 | 0.04 | 0.54 | 0.59 | 8.61 | 10.77 | 4.03 | 3.74 |
Average Payables |
2.61 | 4.44 | 5.00 | 3.01 | 3.23 | 6.32 | 9.04 | 11.35 | 7.26 | 6.85 |
Average Inventory |
1.27 | 3.54 | 3.58 | 2.17 | 8.63 | 12.77 | 9.46 | 27.13 | 33.41 | 30.23 |
Average Assets |
12.44 | 13.37 | 14.15 | 31.24 | 341.61 | 430.34 | 205.44 | 162.21 | 89.54 | 77.65 |
Average Common Equity |
0.02 | 3.66 | (5.96) | (25.17) | 180.15 | 284.95 | 141.64 | 95.85 | 21.12 | 1.09 |
Columns are period end dates