Workhorse (WKHS) EBT (2015 - 2026)

Workhorse (WKHS) has reported EBT for 11 consecutive years, with -$20.8 million the latest figure, recorded in Q4 2025.

• In Q4 2025, EBT fell 171.76% year-over-year to -$20.8 million; the TTM figure through Dec 2025 stood at -$64.1 million (down 24.22% YoY), while the FY2025 annual figure was -$64.1 million, down 24.22% from the prior year.
• EBT retreated to -$20.8 million in Q4 2025 per WKHS's latest filing, from -$7.8 million in the prior quarter.
• Across five years, EBT topped out at $29.0 million in Q4 2024 and bottomed at -$156.1 million in Q4 2021.
• Historically, EBT has averaged -$39.0 million across 5 years, with a median of -$25.7 million in 2024.
• Annual changes were most pronounced in 2021 — EBT sank 3004.1% — and 2024, when it soared 163.98%.
• Workhorse's EBT stood at -$156.1 million in 2021, then jumped by 75.24% to -$38.7 million in 2022, then fell by 17.37% to -$45.4 million in 2023, then jumped by 163.98% to $29.0 million in 2024, then plunged by 171.76% to -$20.8 million in 2025.
• Business Quant data shows WKHS's EBT at -$20.8 million in Q4 2025, -$7.8 million in Q3 2025, and -$14.8 million in Q2 2025.