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Workhorse Group Inc.
Nasdaq · CIK 1425287
Last close2.97
Daily change+0.03 (1.02%)
10 Years gain-99.99%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
WKHS · STANDARD
SIC 3711 · Motor Vehicles & Passenger Car Bodies · Fiscal year end 1231
Fundamental
55.3Momentum
100.0Acceleration
100.0Confidence
64.0Annual Revenue16
Quarterly Revenue50
Annual CFO10
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth25.0 / 25
Quality18.7 / 25
Capital Efficiency0.0 / 20
Balance Sheet6.7 / 15
Shareholder Economics0.0 / 10
Forward Indicators5.0 / 5
Signals
Gross margin expansionGross margin improved by 86.6837 percentage points.
Operating leverageOperating margin improved by 556.9266 percentage points.
Warnings
Receivables anomaly · MEDIUMAccounts receivable growth is materially above revenue growth.
Heavy share dilution · HIGHDiluted share count increased 16.3469%.
Possible growth trap · HIGHRevenue growth is high, but quality indicators are deteriorating.
Key Metrics
Revenue Growth TTM88.92%OK
Revenue CAGR 3Y61.63%OK
Gross Margin-217.85%OK
Operating Margin-599.46%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROICn/aMISSING
Incremental Operating Margin 3Y1,049.25%OK
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y16.35%OK
SBC / Revenuen/aMISSING
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $21.21M | -$9.56M | -$47.44M | -$35.55M | -$36.16M | -45.05% | -223.66% | -170.46% | -112.77% | 9.48M |
| 2025 FY Dec 31, 2024 | $7.04M | -$6.15M | -$41.33M | -$38.15M | -$42.92M | -87.25% | -586.74% | -609.24% | -415.61% | 5.47M |
| 2024 FY Dec 31, 2023 | $13.09M | -$25.26M | -$105.30M | -$123.02M | -$141.71M | -192.87% | -804.13% | -1,082.2% | -4,049.24% | 829,173 |
| 2023 FY Dec 31, 2022 | $5.02M | -$32.65M | -$129.08M | -$93.82M | -$111.32M | -649.99% | -2,569.8% | -2,216.08% | n/a | 158.58M |
| 2022 FY Dec 31, 2021 | -$851,922.00 | -$133.34M | -$185.11M | -$132.58M | -$137.89M | 15,652.14% | 21,729.08% | 16,185.91% | -90.6% | 128.68M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $11.03M | sum latest 4 fiscal quarters Revenue | OK | 0001628280-26-056708, 0001628280-25-051161 |
| Revenue Growth TTM | 88.92% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001628280-26-056708, 0001628280-25-051161 |
| Revenue CAGR 3Y | 61.63% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001628280-26-022417 |
| Revenue CAGR 5Y | 72.41% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001628280-26-022417 |
| Gross Profit CAGR 3Y | n/a | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | INSUFFICIENT_HISTORY | 0001628280-26-022417 |
| Operating Income Growth | n/a | OperatingIncome_current / OperatingIncome_prior_year - 1 | INSUFFICIENT_HISTORY | 0001628280-26-056708, 0001628280-25-051161 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | -217.85% | Gross Profit / Revenue | OK | 0001628280-26-056708, 0001628280-25-051161 |
| Operating Margin | -599.46% | Operating Income / Revenue | OK | 0001628280-26-056708, 0001628280-25-051161 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0001628280-26-056708 |
| Current Ratio | 1.28x | Current Assets / Current Liabilities | OK | derived |
| Cash / Debt | 0.27x | (Cash + Short-term Investments) / Total Debt | OK | 0001628280-26-056708 |
| Revenue per Diluted Share | $1.02 | Revenue / Diluted Shares | OK | 0001628280-26-056708, 0001628280-25-051161 |
| SBC / FCF | n/a | SBC / FCF | NOT_MEANINGFUL | derived |