Workhorse (WKHS) Gross Margin (2011 - 2025)

Workhorse has disclosed Gross Margin across 13 years of filings, most recently posting 80.37% for Q4 2025.

• In Q4 2025, Gross Margin fell 36805.0% year-over-year to 80.37%; the TTM figure through Dec 2025 stood at 45.05% (up 4220.0% YoY), while the FY2025 annual figure was 45.05%, up 4220.0% from the prior year.
• Gross Margin advanced to 80.37% in Q4 2025, from 323.17% in the prior quarter.
• Over the last five years, Gross Margin for WKHS reached as high as 34501.22% in Q4 2021 and fell as low as 27337.94% in Q1 2022.
• The 5-year median for Gross Margin is 389.45% (2024), against an average of 1246.02%.
• Annual changes were most pronounced in 2021 — Gross Margin jumped 3547440 bps — and 2022, when it slumped 3501656 bps.
• A 5-year view of Gross Margin shows it stood at 34501.22% in 2021, then sank by 101 bps to 515.34% in 2022, then soared by 40 bps to 309.36% in 2023, then surged by 245 bps to 448.42% in 2024, then tumbled by 82 bps to 80.37% in 2025.
• According to Business Quant data, Gross Margin over the past three periods registered 80.37%, 323.17%, and 130.2% for Q4 2025, Q3 2025, and Q2 2025 respectively.