Workhorse Group Inc.(WKHS)Stock Analysis
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Rank #2,628 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
WKHS Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Workhorse Group Inc. (WKHS), a Industrials sector company. 13F Pro's AI-powered ranking engine scores WKHS at 23.0/100 on a 32-signal composite quality model, placing it at rank #2,628 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include balance sheet strength (2.9) and profitability (3.5), which score below median versus the broader universe. Shareholder dilution risk is elevated at 32.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Workhorse Group Inc. reports quarterly revenue of $4.3M, net income of $-19.9M, free cash flow of $-16.6M. Top institutional holders of WKHS by reported 13-F value include VANGUARD CAPITAL MANAGEMENT, GEODE CAPITAL MANAGEMENT,, BlackRock,, based on the most recent SEC filings. WKHS trades on the Nasdaq exchange and files with the SEC under CIK 1425287. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WKHS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Workhorse Group Inc. directly from SEC EDGAR. Workhorse Group Inc.'s 13F Pro composite quality score has ranged between 9 and 29 since 2021, currently 23.0 — an improving long-term trajectory across 24 quarterly and live scoring snapshots.
Revenue
Q1 2026
$4.3M
Net Income
Q1 2026
$-19.9M
Free Cash Flow
Q1 2026
$-16.6M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+201.1% YoYNet Income
-24.2% YoYOperating Income
-14.8% YoYEPS (Diluted)
+28.3% YoYTotal Assets
+215.2% YoYTotal Debt
-77.4% YoYOp. Cash Flow
+6.8% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $21.2M +201.1% | $7.0M -46.2% | $13.1M +160.7% | $5.0M +689.6% | $-851.9K -161.2% | $1.4M |
| Net Income | $-64.1M -24.2% | $-51.6M +58.4% | $-123.9M -5.7% | $-117.3M +70.8% | $-401.3M -675.2% | $69.8M |
| Operating Income | $-47.4M -14.8% | $-41.3M +60.7% | $-105.3M +18.4% | $-129.1M +30.3% | $-185.1M -351.7% | $-41.0M |
| EPS (Diluted) | $-6.76 +28.3% | $-9.43 +93.7% | $-149.45 -20095.9% | $-0.74 +76.3% | $-3.12 -545.7% | $0.70 |
| Total Assets | $117.9M +215.2% | $37.4M -73.6% | $141.7M -22.5% | $182.7M -19.9% | $228.1M -63.9% | $632.5M |
| Total Debt | $15.4M -77.4% | $68.4M -10.4% | $76.3M | — | $0.00 -100.0% | $1.4M |
| Operating Cash Flow | $-35.6M +6.8% | $-38.2M +69.0% | $-123.0M -31.1% | $-93.8M +29.2% | $-132.6M -88.6% | $-70.3M |
AI Insight: WKHS Financial Trends
Workhorse remains deeply unprofitable with minimal revenue; Q1 2026 shows deteriorating cash burn and rising debt despite modest Q4 2025 revenue spike.
• Revenue peaked at $13M in Q4 2025 but collapsed to $4M in Q1 2026, erasing near-term momentum.
• Operating cash burn worsened to $17M in Q1 2026 from $11M in Q4 2025, despite $4M revenue.
• Total debt rose to $21M in Q1 2026 from $15M in Q4 2025; equity declined to $26M from $43M.
⚠ Operating loss widened to $21M in Q1 2026 from $4M in Q4 2025—reversal of prior stabilization.
⚠ Net losses averaging $16M/quarter over 2 years; equity now near debt levels, signaling solvency risk.
AI Insight: WKHS Ratio Trends
Workhorse remains unprofitable with deteriorating returns; Q4 2025 showed operating margin compression and negative NPM of -166.5%, though D/E improved to 0.36 from 0.79 in prior periods.
• ROA marginally improved from -99.9% in Q2 2024 to -26.8% in Q3 2025, but deteriorated to -70.7% in Q4 2025 and -77.4% in Q1 2026.
• D/E ratio fell from 0.79 (TTM) to 0.36 in Q4 2025, indicating reduced leverage, though rebounded to 0.79 in Q1 2026.
• Q4 2025 operating margin of -28.6% and NPM of -166.5% reflect deep operational losses and negative profitability.
⚠ ROE collapsed to -193.6% in Q4 2025 and ROIC to -24.4%, signaling severe shareholder value destruction.
⚠ Q1 2026 ROA deteriorated to -77.4%, suggesting losses persisted into the current quarter despite Q4 leverage reduction.
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Available Research
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Top Institutional Holders of WKHS
VANGUARD CAPITAL MANAGEMENT LLC
$254.9K84,410 shGEODE CAPITAL MANAGEMENT, LLC
$153.2K50,734 shBlackRock, Inc.
$97.3K32,234 shEverSource Wealth Advisors, LLC
$87.1K859 shMILLENNIUM MANAGEMENT LLC
$56.8K18,814 shQUADRANT CAPITAL GROUP LLC
$49.0K2 shVANGUARD FIDUCIARY TRUST CO
$35.1K11,619 shXTX Topco Ltd
$32.3K10,685 shGROUP ONE TRADING, L.P.
$429.00142 shMORGAN STANLEY
$131.0043 sh
| Fund | Value | Shares |
|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $254.9K | 84,410 |
| GEODE CAPITAL MANAGEMENT, LLC | $153.2K | 50,734 |
| BlackRock, Inc. | $97.3K | 32,234 |
| EverSource Wealth Advisors, LLC | $87.1K | 859 |
| MILLENNIUM MANAGEMENT LLC | $56.8K | 18,814 |
| QUADRANT CAPITAL GROUP LLC | $49.0K | 2 |
| VANGUARD FIDUCIARY TRUST CO | $35.1K | 11,619 |
| XTX Topco Ltd | $32.3K | 10,685 |
| GROUP ONE TRADING, L.P. | $429.00 | 142 |
| MORGAN STANLEY | $131.00 | 43 |
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Popular Research
Is WKHS a good stock to buy?
13F Pro's AI-powered analysis of Workhorse Group Inc. (WKHS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for WKHS are available on the WKHS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own WKHS?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling WKHS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Workhorse Group Inc.'s investment landscape.