For the quarter ending 2025-09-30, WKHS made $2,384,998 in revenue. -$7,827,902 in net income. Net profit margin of -328.21%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Sales, net of returns and allowances | 2,384,998 | 5,669,469 | 640,922 | 1,632,100.5 |
| Cost of sales | 10,092,624 | 13,051,356 | 5,164,763 | 7,449,095 |
| Gross loss | -7,707,626 | -7,381,887 | -4,523,841 | -5,816,994.5 |
| Selling, general and administrative | 7,770,633 | 5,844,698 | 6,783,911 | 11,361,781 |
| Research and development | 1,077,631 | 1,246,348 | 1,529,019 | 2,421,426.5 |
| Total operating expenses | 8,848,264 | 7,091,046 | 8,312,930 | 13,783,207.5 |
| Loss from operations | -16,555,890 | -14,472,933 | -12,836,771 | -19,600,202 |
| Interest expense, net | -167,909 | -582,246 | -5,252,228 | -4,382,554.5 |
| Change in fair value of convertible notes | -2,867,041 | -1,641,893 | -3,272,095 | -1,243,141.5 |
| Change in fair value of warrants | 6,838,103 | -1,916,108 | -716,960 | - |
| Gain on sale of assets | 13,805,791 | - | - | - |
| Other income | 4,795,250 | - | - | - |
| Loss before provision for income taxes | -7,827,902 | -14,780,964 | -20,644,134 | -25,225,898 |
| Provision for income taxes | 0 | 0 | - | -29,265.25 |
| Net loss | -7,827,902 | -14,780,964 | -20,644,134 | -25,167,367.5 |
| Basic (in shares) | 15,537,878 | 8,827,196 | 4,409,194 | -21,237,737 |
| Basic (in usd per share) | -0.5 | -1.67 | -4.68 | -24.655 |
| Diluted (in shares) | 15,537,878 | 8,827,196 | 4,409,194 | -21,237,737 |
| Diluted (in usd per share) | -0.5 | -1.67 | -4.68 | -24.655 |
Workhorse Group Inc. (WKHS)
Workhorse Group Inc. (WKHS)