Workhorse (WKHS) Change in Receivables (2011 - 2025)
Workhorse (WKHS) posted quarterly Change in Receivables of -$2.0 million for Q4 2025, down 172.38% year-over-year from $2.7 million in Q4 2024, and down 2033.92% quarter-over-quarter from $102901.0 in Q3 2025.
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Analysis
Workhorse (WKHS) Change in Receivables (2011 - 2025) Analysis & Trends
Workhorse (WKHS) has reported Change in Receivables for 11 consecutive years, with -$2.0 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Change in Receivables fell 172.38% year-over-year to -$2.0 million; the TTM figure through Dec 2025 stood at -$53000.0 (up 96.5% YoY), while the FY2025 annual figure was -$53000.0, up 96.5% from the prior year.
- Change in Receivables slipped to -$2.0 million in Q4 2025 per WKHS's latest filing, from $102901.0 in the prior quarter.
- Across five years, Change in Receivables topped out at $15.8 million in Q3 2022 and bottomed at -$4.9 million in Q4 2023.
- Historically, Change in Receivables has averaged $736384.6 across 5 years, with a median of $31481.0 in 2021.
- Annual changes were most pronounced in 2021 — Change in Receivables surged 4154.93% — and 2024, when it tumbled 2146.82%.
- Workhorse's Change in Receivables stood at $53327.0 in 2021, then jumped by 896.02% to $531147.0 in 2022, then plunged by 1031.1% to -$4.9 million in 2023, then surged by 85.23% to -$730606.0 in 2024, then sank by 172.38% to -$2.0 million in 2025.
- Business Quant data shows WKHS's Change in Receivables at -$2.0 million in Q4 2025, $102901.0 in Q3 2025, and $2.3 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,239.66 Bn | 1,196.13 Bn | 4.75 Bn | 184.00 Mn |
| 2 | Toyota Motor | 260.67 Bn | 126.44 Bn | 12.27 Bn | - |
| 3 | Honda Motor | 132.01 Bn | 91.87 Bn | 8.46 Bn | 860.28 Mn |
| 4 | Ford Motor | 80.82 Bn | 49.48 Bn | 6.08 Bn | -293.00 Mn |
| 5 | General Motors | 77.80 Bn | 53.08 Bn | 7.33 Bn | - |
| 6 | Ferrari | 74.32 Bn | 72.57 Bn | 1.18 Bn | -106.49 Mn |
| 7 | Rivian Automotive | 21.12 Bn | 15.81 Bn | 179.00 Mn | 20.00 Mn |
| 8 | Stellantis | 15.89 Bn | -25.57 Bn | 5.55 Bn | - |
| 9 | Li Auto | 12.21 Bn | -363.78 Mn | 417.98 Mn | - |
| 10 | Workhorse | 29.74 Mn | 29.74 Mn | -7.47 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -1.99 Mn |
| Sep 30, 2025 | 187,021.00 |
| Jun 30, 2025 | 2.26 Mn |
| Mar 31, 2025 | -508,272.00 |
| Dec 31, 2024 | -730,606.00 |
| Sep 30, 2024 | 2.92 Mn |
| Jun 30, 2024 | -1.01 Mn |
| Mar 31, 2024 | -2.70 Mn |
| Dec 31, 2023 | -4.95 Mn |
| Sep 30, 2023 | 4.44 Mn |
| Jun 30, 2023 | 971,922.00 |
| Mar 31, 2023 | -120,273.00 |
| Dec 31, 2022 | 531,147.00 |
| Sep 30, 2022 | 15.76 Mn |
| Jun 30, 2022 | 733,239.00 |
| Mar 31, 2022 | -98,347.00 |
| Dec 31, 2021 | 53,327.00 |
| Sep 30, 2021 | -1.86 Mn |
| Jun 30, 2021 | 812,810.00 |
| Mar 31, 2021 | 9,635.00 |