Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 10.75M | 6.62M | 13.09M | 5.02M | -851.92K | 1.39M |
Gross Profit | -21.57M | -22.23M | -25.26M | -32.65M | -133.34M | -11.67M |
EBITDA | -55.04M | -71.76M | -111.24M | -113.90M | -414.55M | -40.17M |
Net Income | -81.74M | -101.79M | -123.92M | -105.47M | -401.34M | 69.78M |
Balance Sheet | ||||||
Total Assets | 99.25M | 93.84M | 141.67M | 182.74M | 228.14M | 632.54M |
Cash, Cash Equivalents and Short-Term Investments | 2.19M | 4.12M | 25.85M | 99.28M | 201.65M | 46.82M |
Total Debt | 44.54M | 16.32M | 29.02M | 10.13M | 26.26M | 199.11M |
Total Liabilities | 76.91M | 49.55M | 58.56M | 74.16M | 53.45M | 237.34M |
Stockholders Equity | 22.35M | 44.29M | 83.11M | 108.59M | 174.69M | 395.20M |
Cash Flow | ||||||
Free Cash Flow | -31.86M | -51.65M | -141.71M | -111.32M | -137.89M | -76.01M |
Operating Cash Flow | -31.55M | -47.59M | -123.02M | -93.82M | -132.58M | -70.28M |
Investing Cash Flow | -304.94K | -4.06M | -18.69M | -20.02M | 99.81M | -5.73M |
Financing Cash Flow | 51.27M | 20.45M | 78.28M | 11.47M | -6.82M | 292.37M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
61 Neutral | $17.87B | 13.25 | -4.92% | 3.05% | 1.25% | -14.67% | |
46 Neutral | $7.98M | ― | -189.10% | ― | 2.97% | -11.17% | |
45 Neutral | $20.29M | ― | -201.87% | ― | 11.73% | 74.79% | |
40 Underperform | $4.12M | ― | -264.35% | ― | -98.22% | 49.35% | |
40 Underperform | $1.21M | ― | -3842.15% | ― | 5865.42% | 99.51% | |
38 Underperform | $8.38M | ― | -119.04% | ― | ― | ― | |
28 Underperform | $1.71M | ― | ― | ― | ― |
On August 19, 2025, Workhorse Group Inc. will present to industry analysts about transactions detailed in a recent report, highlighting a merger with Motiv. This announcement is significant for Workhorse as it could impact their market positioning and operational strategies, with potential implications for stakeholders, including regulatory approvals and market reactions.
On August 15, 2025, Workhorse Group Inc. entered into a merger agreement with Motiv Power Systems, Inc., aiming to create a leading medium-duty electric truck OEM in North America. The merger, which involves an all-stock transaction, positions Motiv’s controlling investor as the majority owner of the combined company, while Workhorse shareholders retain a significant equity stake. The merger is expected to enhance the combined company’s financial profile and operational scale, allowing it to offer a broader portfolio of commercial electric vehicles at lower costs. The transaction also includes a $20 million sale leaseback of Workhorse’s Union City plant and a $5 million convertible note, providing liquidity to fund operations and repay existing debt. The merger is anticipated to drive cost synergies and strengthen the company’s market position in the electric vehicle industry.
On August 4, 2025, Workhorse Group Inc. announced that it has reentered an exclusivity agreement with a privately held U.S.-based manufacturer of electric commercial vehicles. This agreement reinstates restrictions from a previous agreement, which expired on July 28, 2025, and is part of ongoing discussions about a potential merger where the manufacturer would be merged into a newly created subsidiary of Workhorse in exchange for newly issued shares. The potential transaction could impact the company’s operations and market positioning, but it is subject to various risks and uncertainties, including regulatory approvals and market reactions.
On July 14, 2025, Workhorse Group announced ongoing discussions with a U.S.-based electric commercial vehicle manufacturer about a potential merger. This transaction could lead to the Manufacturer’s investors holding a majority of Workhorse’s stock. The deal also involves refinancing existing notes and a sale-leaseback of a manufacturing facility. However, no definitive agreements have been reached, and the transaction is subject to various approvals and conditions.