Workhorse (WKHS) EBITDA (2011 - 2025)

Workhorse has disclosed EBITDA across 13 years of filings, most recently posting -$3.6 million for Q4 2025.

• In Q4 2025, EBITDA fell 120.92% year-over-year to -$3.6 million; the TTM figure through Dec 2025 stood at -$47.4 million (down 14.78% YoY), while the FY2025 annual figure was -$47.4 million, down 14.78% from the prior year.
• EBITDA climbed to -$3.6 million in Q4 2025, from -$16.6 million in the prior quarter.
• Over the last five years, EBITDA for WKHS reached as high as $17.1 million in Q4 2024 and fell as low as -$120.4 million in Q4 2021.
• The 5-year median for EBITDA is -$21.1 million (2022), against an average of -$25.4 million.
• Annual changes were most pronounced in 2021 — EBITDA slumped 700.25% — and 2024, when it soared 148.57%.
• A 5-year view of EBITDA shows it stood at -$120.4 million in 2021, then surged by 67.33% to -$39.3 million in 2022, then rose by 10.6% to -$35.2 million in 2023, then soared by 148.57% to $17.1 million in 2024, then plunged by 120.92% to -$3.6 million in 2025.
• According to Business Quant data, EBITDA over the past three periods registered -$3.6 million, -$16.6 million, and -$14.5 million for Q4 2025, Q3 2025, and Q2 2025 respectively.