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.
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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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Tesla | 1,232.58 Bn | 1,189.06 Bn | 4.75 Bn |
| 2 | Toyota Motor | 260.67 Bn | 126.44 Bn | 12.27 Bn |
| 3 | Honda Motor | 132.03 Bn | 91.89 Bn | 8.46 Bn |
| 4 | Ford Motor | 80.50 Bn | 49.16 Bn | 6.08 Bn |
| 5 | General Motors | 78.16 Bn | 53.44 Bn | 7.33 Bn |
| 6 | Ferrari | 74.47 Bn | 72.72 Bn | 1.18 Bn |
| 7 | Rivian Automotive | 21.16 Bn | 15.85 Bn | 179.00 Mn |
| 8 | Stellantis | 15.89 Bn | -25.57 Bn | 5.55 Bn |
| 9 | Li Auto | 12.17 Bn | -404.08 Mn | 417.98 Mn |
| 10 | Workhorse | 29.70 Mn | 29.70 Mn | -7.47 Mn |
Historic Data
Download Data
Historic 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 | 2.01 Mn |
| Jun 30, 2018 | 5.75 Mn |
| Mar 31, 2018 | 267,000.00 |
| Dec 31, 2017 | 54,405.00 |
| Dec 31, 2015 | 13.53 Mn |
| Sep 30, 2015 | 780,000.00 |
| Jun 30, 2015 | 460,000.00 |
| Dec 31, 2014 | 1.24 Mn |
| Mar 31, 2014 | 177,500.00 |