Workhorse (WKHS) Operating Expenses (2010 - 2025)

Workhorse (WKHS) has reported Operating Expenses for 16 consecutive years, with $13.6 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Operating Expenses rose 308.64% year-over-year to $13.6 million; the TTM figure through Dec 2025 stood at $37.9 million (up 7.68% YoY), while the FY2025 annual figure was $37.9 million, up 7.68% from the prior year.
• Operating Expenses rose to $13.6 million in Q4 2025 per WKHS's latest filing, from $8.8 million in the prior quarter.
• Across five years, Operating Expenses topped out at $40.9 million in Q3 2022 and bottomed at -$6.5 million in Q4 2024.
• Historically, Operating Expenses has averaged $15.1 million across 5 years, with a median of $15.0 million in 2022.
• Annual changes were most pronounced in 2024 — Operating Expenses slumped 130.34% — and 2025, when it soared 308.64%.
• Workhorse's Operating Expenses stood at $18.5 million in 2021, then climbed by 16.55% to $21.6 million in 2022, then retreated by 0.17% to $21.5 million in 2023, then plunged by 130.34% to -$6.5 million in 2024, then jumped by 308.64% to $13.6 million in 2025.
• Business Quant data shows WKHS's Operating Expenses at $13.6 million in Q4 2025, $8.8 million in Q3 2025, and $7.1 million in Q2 2025.