| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Sales, net of returns and allowances | 4,329,000 | 12,515,611 | 2,384,998 | 5,669,469 |
| Cost of sales | 11,811,000 | 2,457,257 | 10,092,624 | 13,051,356 |
| Gross gain | -7,482,000 | 10,058,354 | -7,707,626 | -7,381,887 |
| Selling, general and administrative | 9,545,000 | 4,322,758 | 7,770,633 | 5,844,698 |
| Research and development | 4,069,000 | 9,310,002 | 1,077,631 | 1,246,348 |
| Impairment loss on discontinued product line investment | NaN | 0 | NaN | NaN |
| Total operating expenses | 13,614,000 | 13,632,760 | 8,848,264 | 7,091,046 |
| Loss from operations | -21,096,000 | -3,574,406 | -16,555,890 | -14,472,933 |
| Interest expense, net | -354,000 | -11,418,617 | -167,909 | -582,246 |
| Change in fair value of convertible note | -145,000 | NaN | -2,867,041 | -1,641,893 |
| Change in fair value of warrants | NaN | NaN | 6,838,103 | -1,916,108 |
| Gain on sale of assets | NaN | NaN | 13,805,791 | NaN |
| Change in fair value of stock rights | 1,703,000 | 259,500* | NaN | NaN |
| Other expense | -24,000 | -6,095,477* | 4,795,250 | NaN |
| Loss before benefit for income taxes | -19,916,000 | -20,829,000 | -7,827,902 | -14,780,964 |
| Benefit for income taxes | -34,000 | 4,000 | 0 | 0 |
| Net loss | -19,882,000 | -20,833,000 | -7,827,902 | -14,780,964 |
| Basic EPS | -1.99 | -2.199 | -0.5 | -1.67 |
| Diluted EPS | -1.99 | -2.199 | -0.5 | -1.67 |
| Basic Average Shares | 10,014,000 | 9,475,000* | 15,537,878 | 8,827,196 |
| Diluted Average Shares | 10,014,000 | 9,475,000* | 15,537,878 | 8,827,196 |
Workhorse Group Inc. (WKHS)
Workhorse Group Inc. (WKHS)