Workhorse (WKHS) Equity Ratio (2010 - 2025)

Workhorse has disclosed Equity Ratio across 16 years of filings, most recently posting 0.37 for Q4 2025.

• In Q4 2025, Equity Ratio rose 133.46% year-over-year to 0.37; the TTM figure through Dec 2025 stood at 0.37 (up 133.46% YoY), while the FY2025 annual figure was 0.37, up 133.46% from the prior year.
• Equity Ratio advanced to 0.37 in Q4 2025, from 0.27 in the prior quarter.
• Over the last five years, Equity Ratio for WKHS reached as high as 0.86 in Q2 2022 and fell as low as 1.09 in Q4 2024.
• The 5-year median for Equity Ratio is 0.57 (2021), against an average of 0.42.
• Annual changes were most pronounced in 2021 — Equity Ratio surged 508.67% — and 2024, when it plunged 177.87%.
• A 5-year view of Equity Ratio shows it stood at 0.77 in 2021, then slipped by 22.4% to 0.59 in 2022, then plunged by 166.09% to 0.39 in 2023, then tumbled by 177.87% to 1.09 in 2024, then soared by 133.46% to 0.37 in 2025.
• According to Business Quant data, Equity Ratio over the past three periods registered 0.37, 0.27, and 0.23 for Q4 2025, Q3 2025, and Q2 2025 respectively.