Workhorse (WKHS) Operating Expenses (2010 - 2025)

Workhorse has disclosed Operating Expenses across 16 years of filings, most recently posting $13.6 million for 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 improved to $13.6 million in Q4 2025, from $8.8 million in the prior quarter.
• Over the last five years, Operating Expenses for WKHS reached as high as $40.9 million in Q3 2022 and fell as low as -$6.5 million in Q4 2024.
• The 5-year median for Operating Expenses is $15.0 million (2022), against an average of $15.1 million.
• Annual changes were most pronounced in 2024 — Operating Expenses plunged 130.34% — and 2025, when it soared 308.64%.
• A 5-year view of Operating Expenses shows it stood at $18.5 million in 2021, then advanced by 16.55% to $21.6 million in 2022, then fell by 0.17% to $21.5 million in 2023, then sank by 130.34% to -$6.5 million in 2024, then soared by 308.64% to $13.6 million in 2025.
• According to Business Quant data, Operating Expenses over the past three periods registered $13.6 million, $8.8 million, and $7.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.