Workhorse (WKHS) Equity Average (2011 - 2025)
Workhorse (WKHS) posted quarterly Equity Average of $37.6 million for Q4 2025, up 1066.72% YoY from $3.2 million in Q4 2024, and up 38.03% sequentially from $27.2 million in Q3 2025.
Workhorse (WKHS) Equity Average (2011 - 2025) Analysis & Trends
Workhorse has disclosed Equity Average across 15 years of filings, most recently posting $37.6 million for Q4 2025.
- In Q4 2025, Equity Average rose 1066.72% year-over-year to $37.6 million; the TTM figure through Dec 2025 stood at $37.6 million (up 1066.72% YoY), while the FY2025 annual figure was $1.1 million, up 102.3% from the prior year.
- Equity Average improved to $37.6 million in Q4 2025, from $27.2 million in the prior quarter.
- Over the last five years, Equity Average for WKHS reached as high as $335.4 million in Q1 2021 and fell as low as -$4.7 million in Q1 2025.
- The 5-year median for Equity Average is $106.4 million (2023), against an average of $104.0 million.
- Annual changes were most pronounced in 2021 — Equity Average jumped 1278.72% — and 2025, when it sank 179.99%.
- A 5-year view of Equity Average shows it stood at $157.8 million in 2021, then dropped by 24.01% to $119.9 million in 2022, then slumped by 76.18% to $28.6 million in 2023, then tumbled by 88.73% to $3.2 million in 2024, then jumped by 1066.72% to $37.6 million in 2025.
- According to Business Quant data, Equity Average over the past three periods registered $37.6 million, $27.2 million, and $26.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn | 83.44 Bn |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn | 36.70 Bn |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn | 62.91 Bn |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn | - |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn | 4.51 Bn |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn | - |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn | - |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn | -182,705.43 Bn |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn | 182.96 Mn |
| 10 | Workhorse | 27.86 Mn | 27.86 Mn | 10.06 Mn | 37.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 37.56 Mn |
| Sep 30, 2025 | 27.21 Mn |
| Jun 30, 2025 | 26.87 Mn |
| Mar 31, 2025 | -4.71 Mn |
| Dec 31, 2024 | 3.22 Mn |
| Sep 30, 2024 | 52.95 Mn |
| Jun 30, 2024 | 63.03 Mn |
| Mar 31, 2024 | 5.89 Mn |
| Dec 31, 2023 | 28.57 Mn |
| Sep 30, 2023 | 110.08 Mn |
| Jun 30, 2023 | 106.10 Mn |
| Mar 31, 2023 | 106.70 Mn |
| Dec 31, 2022 | 119.93 Mn |
| Sep 30, 2022 | 147.55 Mn |
| Jun 30, 2022 | 160.01 Mn |
| Mar 31, 2022 | 165.44 Mn |
| Dec 31, 2021 | 157.81 Mn |
| Sep 30, 2021 | 181.89 Mn |
| Jun 30, 2021 | 249.22 Mn |
| Mar 31, 2021 | 335.40 Mn |