Workhorse (WKHS) Cost of Revenue (2016 - 2025)

Workhorse (WKHS) has reported Cost of Revenue for 10 consecutive years, with $2.5 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Cost of Revenue rose 129.98% year-over-year to $2.5 million; the TTM figure through Dec 2025 stood at $30.8 million (up 133.25% YoY), while the FY2025 annual figure was $30.8 million, up 133.25% from the prior year.
• Cost of Revenue retreated to $2.5 million in Q4 2025 per WKHS's latest filing, from $10.1 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $99.9 million in Q4 2021 and bottomed at -$8.2 million in Q4 2024.
• Historically, Cost of Revenue has averaged $12.6 million across 5 years, with a median of $7.4 million in 2024.
• Annual changes were most pronounced in 2021 — Cost of Revenue soared 1328.97% — and 2024, when it tumbled 145.44%.
• Workhorse's Cost of Revenue stood at $99.9 million in 2021, then sank by 78.77% to $21.2 million in 2022, then retreated by 14.97% to $18.0 million in 2023, then slumped by 145.44% to -$8.2 million in 2024, then surged by 129.98% to $2.5 million in 2025.
• Business Quant data shows WKHS's Cost of Revenue at $2.5 million in Q4 2025, $10.1 million in Q3 2025, and $13.1 million in Q2 2025.