WKHS · NASDAQ · Auto - Manufacturers

Workhorse

Makes electric commercial trucks, vans, shuttles, and buses for North American fleets.

$3.10
After-hours close+0.04 (+1.14%)
At close$3.07(−3.31%)
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Profile

Workhorse Group Inc.WKHSConsumer Discretionary

Builds electric medium-duty trucks, step vans, shuttles, and buses for North American commercial customers. The current company combines legacy Workhorse vehicles with Motiv Electric Trucks after their December 2025 merger.

Builds electric medium-duty trucks, step vans, shuttles, and buses for North American commercial customers. The company operates an Indiana commercial-scale manufacturing plant and is headquartered in the Detroit area.

Legacy Workhorse focused on last-mile delivery vans. Since the December 2025 merger, Motiv Electric Trucks has been an indirect wholly owned subsidiary, and its accounting-acquirer status makes Motiv's results the combined company's historical financial statements. The transaction retained Workhorse as the legal issuer and Nasdaq listing.

Manufacturing execution, supplier and capital availability, customer adoption, Nasdaq listing compliance, and Motiv integration shape the business.

Company facts

CEOScott Griffith
ListedJan 7, 2016
ExchangeNASDAQ
HeadquartersWixom, MI
CountryUnited States
Employees148
CIK0001425287
ISINUS98138J5039

Key statistics

Market cap$33.4M
EPS (ttm)−$6.50
P/E (ttm)−0.4723
ROE-253.4%
P/B4.64
P/S1.47
Dividend yield
Beta2.10vs XLY 0.50

Year to date −44.9% · Average volume (30d) 98.2K

Analysts

Price target, next 12 months$24.00+681.8%Median of 12 analysts · vs the Aug 28 close
ConsensusHold3 of 12 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

No analyst notes in the last 24 months.

Earnings

EPS

Estimate−$0.61
ReportedDue Nov 10, 2026

Revenue

Estimate$9.2M
ReportedDue Nov 10, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 13, 2026Q2 FY26−$0.95−$1.86−95.9%$5.3M$3.6M−33.1%+0.66%
May 14, 2026Q1 FY26−$1.70−$1.99−17.1%$8.5M$4.3M−49.2%−17.40%
Mar 31, 2026Q4 FY25−$8.88−$2.35+73.5%$2.5M$9.7M+289.7%−7.95%
Nov 10, 2025Q3 FY25−$17.41−$16.69+4.1%$2.5M$2.4M−4.6%−9.36%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$640.9K$5.7M$2.4M$12.5M$4.3M$3.6M
Gross profit−$4.5M−$7.4M−$7.7M$10.1M−$7.5M−$7.5M
Operating income−$12.8M−$14.5M−$16.6M−$3.6M−$21.1M−$19.4M
Net income−$20.6M−$14.8M−$7.8M−$20.8M−$19.9M−$20.2M
Diluted EPS−$4.68−$1.67−$0.50−$2.15−$1.99−$1.86
Gross margin-705.8%-130.2%-323.2%80.4%-172.8%-209.8%
Operating margin-2,002.9%-255.3%-694.2%-28.6%-487.3%-545.2%

Fiscal years (4-quarter sums)FY21 −$851.9K · FY22 $5.0M · FY23 $13.1M · FY24 $6.6M · FY25 $21.2M

Revenue by product · Q2 FY26

Extended Warranty Revenue$35.0K · 100%

Balance sheet, Jun 30, 2026Cash & short-term investments $9.6M · Total debt $27.9M · Total assets $110.1M · Shareholders' equity $7.2M

Dividends

No dividends on record.

Ownership

Institutions 4.40%479.6K sharesInsiders 10.55%1.15M sharesOther 85.05%9.26M shares

Shares outstanding 10.89M · Float 9.75M · 89.5% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Motive GM Holdings II LLC8.13M65.40%13DAug 25, 2026
Scott W. Griffith · director, officer: Chief Executive Officer562.5K5.16%Form 4Jul 21, 2026
Vanguard Capital Management LLC301.2K2.77%13FAug 13, 2026
Joshua Joseph Anderson · officer: Executive VP, Operations93.9K0.86%Form 4Jul 21, 2026
Jody Davis · officer: Chief Financial Officer93.8K0.86%Form 4Jul 21, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Dec 15, 2025William G. Iii Quigleydirector−5,051$6.51
Dec 15, 2025Austin Scott Millerdirector−5,051$6.51
Dec 15, 2025Pamela S. Maderdirector−5,051$6.51
Dec 15, 2025Richard F. Dauchdirector, officer: Chief Executive Officer−1,909$6.51
Dec 15, 2025Raymond Joseph Chessdirector−6,314$6.51
View details

Peers

  • PACCAR

    Battery-electric Kenworth and Peterbilt commercial trucks

  • General Motors

    All-electric walk-in delivery vans for commercial fleets

  • Ford

    Electric commercial vans and upfit platforms for fleet customers

  • Xos

    Class 5–6 electric step-van and fleet-electrification systems

CompareAfter-hours close

CompanyPriceChange
Workhorse$3.10+1.14%$33.4M1.5−37.2%
PACCAR$125.65+0.26%$65.97B26.318.92.4−6.8%
General Motors$86.10−0.20%$78.03B43.66.30.4+1.9%
Ford$13.89+0.07%$55.31B8.00.3−3.8%
Xos$3.34−0.58%$34.4M0.9−74.2%
Median35.08.00.7−5.3%