Workhorse (WKHS) Notes Payables (2010 - 2025)
Workhorse (WKHS) posted quarterly Notes Payables of $27.1 million for Q3 2025, up 105.72% year-over-year from $13.2 million in Q3 2024, and down 31.38% quarter-over-quarter from $39.5 million in Q2 2025.
Workhorse (WKHS) Notes Payables (2010 - 2025) Analysis & Trends
Workhorse (WKHS) has reported Notes Payables for 13 consecutive years, with $27.1 million the latest figure, recorded in Q3 2025.
- In Q3 2025, Notes Payables rose 105.72% year-over-year to $27.1 million; the TTM figure through Sep 2025 stood at $27.1 million (up 105.72% YoY), while the FY2024 annual figure was $10.5 million, down 48.01% from the prior year.
- Notes Payables retreated to $27.1 million in Q3 2025 per WKHS's latest filing, from $39.5 million in the prior quarter.
- Across five years, Notes Payables topped out at $45.2 million in Q1 2025 and bottomed at $7.9 million in Q1 2024.
- Historically, Notes Payables has averaged $21.7 million across 3 years, with a median of $16.7 million in 2023.
- Annual changes were most pronounced in 2024 — Notes Payables tumbled 48.01% — and 2025, when it jumped 474.6%.
- Workhorse's Notes Payables stood at $20.2 million in 2023, then sank by 48.01% to $10.5 million in 2024, then surged by 158.48% to $27.1 million in 2025.
- Business Quant data shows WKHS's Notes Payables at $27.1 million in Q3 2025, $39.5 million in Q2 2025, and $45.2 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Tesla | 1,062.42 Bn | 1,018.89 Bn | 4.75 Bn |
| 2 | Toyota Motor | 248.02 Bn | 113.80 Bn | 12.27 Bn |
| 3 | Honda Motor | 127.13 Bn | 92.93 Bn | -34.06 Bn |
| 4 | Ford Motor | 81.51 Bn | 50.18 Bn | 6.08 Bn |
| 5 | General Motors | 78.38 Bn | 53.66 Bn | 7.33 Bn |
| 6 | Li Auto | 26.25 Bn | 12.80 Bn | 262.11 Mn |
| 7 | Xpeng | 23.13 Bn | 20.59 Bn | 388.90 Mn |
| 8 | Rivian Automotive | 21.08 Bn | 15.77 Bn | 179.00 Mn |
| 9 | Stellantis | 16.04 Bn | -25.41 Bn | 5.55 Bn |
| 10 | Workhorse | 31.36 Mn | 18.46 Mn | 10.06 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 27.12 Mn |
| Jun 30, 2025 | 39.52 Mn |
| Mar 31, 2025 | 45.24 Mn |
| Dec 31, 2024 | 10.49 Mn |
| Sep 30, 2024 | 13.18 Mn |
| Jun 30, 2024 | 9.65 Mn |
| Mar 31, 2024 | 7.87 Mn |
| Dec 31, 2023 | 20.18 Mn |
| Jun 30, 2019 | 15.88 Mn |
| Mar 31, 2019 | 2.39 Mn |
| Dec 31, 2018 | 1.82 Mn |
| Sep 30, 2018 | 45,764.00 |
| Jun 30, 2018 | 550,000.00 |
| Mar 31, 2018 | 116,226.00 |
| Dec 31, 2017 | 54,405.00 |
| Sep 30, 2017 | 146,854.00 |
| Jun 30, 2017 | 77,937.00 |
| Mar 31, 2017 | 24,097.00 |
| Dec 31, 2016 | 101,339.00 |
| Sep 30, 2016 | 55,904.00 |