Workhorse Group Inc.
WKHSNasdaqConsumer Discretionary · Motor Vehicles & Passenger Car Bodies · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $21.2M | $7.0M | $13.1M | $5.0M | −$851,922 | $1.4M |
| Operating income | −$47.4M | −$41.3M | −$105.3M | −$129.1M | −$185.1M | $282.1M |
| Net income | −$64.1M | −$51.6M | −$123.9M | −$117.3M | −$401.3M | $69.8M |
| Total assets | $117.9M | $37.4M | $141.7M | $182.7M | $228.1M | $632.5M |
| Total liabilities | $74.8M | $78.2M | $58.6M | $74.2M | $53.4M | $237.3M |
| Equity | $43.0M | −$40.8M | −$55.6M | $108.6M | $174.7M | $395.2M |
| EPS (diluted) | $-6.76 | $-9.43 | $-149.45 | $-0.74 | $-3.12 | $0.70 |
| Shares out. | 5.1M | 314.8M | 171.2M | 151.3M | 123.5M | 70.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −223.7%
- Net margin
- −302.1%
- Return on equity
- −148.9%
- Return on assets
- −54.4%
- Return on capital (ROCE)
- −60.0%
- Liabilities / assets
- 63.5%
- Debt / equity
- 1.74×
- Book value / share
- $8.40
- Revenue growth (YoY)
- 201.1%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -9.76distress
- Accruals / assets
- −24.2%clean
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 3 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 14, 2025
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2024
- NT 10-Qmissed a reporting deadline ↗Aug 13, 2024
- NT 10-Qmissed a reporting deadline ↗May 16, 2024
- NT 10-Qmissed a reporting deadline ↗May 15, 2014
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2014
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Atw Partners Opportunities Management, LlcPassive (13G)May 15, 2026
- Motive Gm Holdings Ii, LlcActivist (13D)Dec 16, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Quigley William G IiiDirector | Dec 15, 2025 | Option exercise | 5,051 | $0.00 |
| Henricks Alan S.Director | Dec 15, 2025 | Option exercise | 1,894 | $0.00 |
| Anderson Joshua JosephOfficer — Chief Technology Officer | Dec 15, 2025 | Option exercise | 110 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 388,715 | 1.2 | +5.0% |
| Apr 30, 2026 | 370,306 | 1.4 | -13.2% |
| Apr 15, 2026 | 426,622 | 3.2 | +14.1% |
| Mar 31, 2026 | 373,796 | 3.8 | +13.0% |
| Mar 13, 2026 | 330,808 | 4.6 | +0.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 14, 2026
- Entered a material agreement · New financial obligation · Director / officer change · Other material eventApr 27, 2026
- Other material eventApr 23, 2026
- Results of operationsMar 31, 2026
- Regulation FD disclosureMar 9, 2026
- Changed auditorJan 21, 2026
- Director / officer changeJan 12, 2026
- Entered a material agreement · Terminated a material agreement · Completed an acquisition or disposition · New financial obligation · Unregistered equity sale · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Regulation FD disclosureDec 15, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- ARSMay 20, 2026
- DEFA14AMay 20, 2026
- DEF 14AMay 20, 2026
- SCHEDULE 13G/AMay 15, 2026
- 10-QMay 14, 2026
- 8-KMay 14, 2026
- 10-K/AApr 29, 2026
- 8-KApr 27, 2026
- 8-KApr 23, 2026
- 10-KMar 31, 2026
- 8-KMar 31, 2026
- 8-K/AAMENDMENT NO. 2 TO FORM 8-KMar 24, 2026
- 8-KMar 9, 2026
- 8-K/AAMENDMENT NO. 1 TO FORM 8-KFeb 26, 2026
- 3FORM 3Jan 28, 2026
Event-driven situations (3)
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