Workhorse (WKHS) Net Income (2015 - 2025)
Workhorse (WKHS) posted quarterly Net Income of -$20.8 million for Q4 2025, down 171.78% year-over-year from $29.0 million in Q4 2024, and down 166.14% quarter-over-quarter from -$7.8 million in Q3 2025.
Workhorse (WKHS) Net Income (2015 - 2025) Analysis & Trends
Workhorse (WKHS) has reported Net Income for 11 consecutive years, with -$20.8 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Net Income fell 171.78% year-over-year to -$20.8 million; the TTM figure through Dec 2025 stood at -$64.1 million (down 24.23% YoY), while the FY2025 annual figure was -$64.1 million, down 24.23% from the prior year.
- Net Income declined to -$20.8 million in Q4 2025 per WKHS's latest filing, from -$7.8 million in the prior quarter.
- Across five years, Net Income topped out at $29.0 million in Q4 2024 and bottomed at -$156.1 million in Q4 2021.
- Historically, Net Income has averaged -$37.9 million across 5 years, with a median of -$25.7 million in 2024.
- Annual changes were most pronounced in 2021 — Net Income slumped 2633.42% — and 2024, when it soared 164.13%.
- Workhorse's Net Income stood at -$156.1 million in 2021, then jumped by 75.24% to -$38.7 million in 2022, then dropped by 17.08% to -$45.3 million in 2023, then jumped by 164.13% to $29.0 million in 2024, then sank by 171.78% to -$20.8 million in 2025.
- Business Quant data shows WKHS's Net Income at -$20.8 million in Q4 2025, -$7.8 million in Q3 2025, and -$14.8 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,062.42 Bn | 1,018.89 Bn | 4.75 Bn | 1.13 Bn |
| 2 | Toyota Motor | 248.02 Bn | 113.80 Bn | 12.27 Bn | 9.74 Bn |
| 3 | Honda Motor | 127.13 Bn | 92.93 Bn | -34.06 Bn | -8.78 Bn |
| 4 | Ford Motor | 81.51 Bn | 50.18 Bn | 6.08 Bn | -1.32 Bn |
| 5 | General Motors | 78.38 Bn | 53.66 Bn | 7.33 Bn | 1.35 Bn |
| 6 | Li Auto | 26.25 Bn | 12.80 Bn | 262.11 Mn | -422.48 Mn |
| 7 | Xpeng | 23.13 Bn | 20.59 Bn | 388.90 Mn | -208.34 Mn |
| 8 | Rivian Automotive | 21.08 Bn | 15.77 Bn | 179.00 Mn | -837.00 Mn |
| 9 | Stellantis | 16.04 Bn | -25.41 Bn | 5.55 Bn | 340.57 Mn |
| 10 | Workhorse | 31.36 Mn | 18.46 Mn | 10.06 Mn | -20.83 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -20.83 Mn |
| Sep 30, 2025 | -7.83 Mn |
| Jun 30, 2025 | -14.78 Mn |
| Mar 31, 2025 | -20.64 Mn |
| Dec 31, 2024 | 29.02 Mn |
| Sep 30, 2024 | -25.14 Mn |
| Jun 30, 2024 | -26.32 Mn |
| Mar 31, 2024 | -29.16 Mn |
| Dec 31, 2023 | -45.26 Mn |
| Sep 30, 2023 | -30.65 Mn |
| Jun 30, 2023 | -23.02 Mn |
| Mar 31, 2023 | -25.00 Mn |
| Dec 31, 2022 | -38.65 Mn |
| Sep 30, 2022 | -35.41 Mn |
| Jun 30, 2022 | -21.16 Mn |
| Mar 31, 2022 | -22.05 Mn |
| Dec 31, 2021 | -156.10 Mn |
| Sep 30, 2021 | -81.12 Mn |
| Jun 30, 2021 | -43.62 Mn |
| Mar 31, 2021 | -120.51 Mn |