For the year ending 2025-12-31, WKHS made $21,211,000 in revenue. -$64,086,000 in net income. Net profit margin of -302.14%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Sales, net of returns and allowances | 21,211,000 | 6,616,358 | ||
| Cost of sales | 30,766,000 | 28,842,087 | ||
| Gross loss | -9,555,000 | -22,225,729 | ||
| Selling, general and administrative | 24,722,000 | 42,512,129 | ||
| Research and development | 13,163,000 | 9,149,055 | ||
| Impairment loss on discontinued product line investment | 0 | - | ||
| Total operating expenses | 37,885,000 | 51,661,184 | ||
| Loss from operations | -47,440,000 | -73,886,913 | ||
| Fair value gain (loss) on warrants | - | -5,778,660 | ||
| Interest expense, net | -17,421,000 | -22,241,781 | ||
| Change in fair value of stock rights | 1,038,000 | - | ||
| Other (loss) income | -259,000 | - | ||
| Loss before income taxes | -64,082,000 | -101,907,354 | ||
| Provision for income taxes | 4,000 | -117,061 | ||
| Net loss | -64,086,000 | -101,790,293 | ||
| Basic EPS | -6.76 | -51.69 | ||
| Diluted EPS | -6.76 | -51.69 | ||
| Basic Average Shares | 9,475,000 | 1,969,285 | ||
| Diluted Average Shares | 9,475,000 | 1,969,285 | ||
Workhorse Group Inc. (WKHS)
Workhorse Group Inc. (WKHS)