Workhorse (WKHS) Operating Income (2011 - 2025)
Workhorse (WKHS) reported Operating Income of -$3.6 million for Q4 2025, down 120.92% year-over-year from $17.1 million in Q4 2024, and up 78.41% quarter-over-quarter from -$16.6 million in Q3 2025.
Workhorse (WKHS) Operating Income (2011 - 2025) Analysis & Trends
Workhorse (WKHS) has 13 years of Operating Income data on file, last reported at -$3.6 million in Q4 2025.
- Operating Income for Q4 2025 came in at -$3.6 million, down 120.92% year-over-year; the trailing twelve-month figure through Dec 2025 was -$47.4 million (down 14.78% YoY), and the FY2025 annual result was -$47.4 million, down 14.78% from the prior year.
- Operating Income grew to -$3.6 million in Q4 2025 per WKHS's latest filing, from -$16.6 million in the prior quarter.
- Over five years, Operating Income peaked at $17.1 million in Q4 2024 and troughed at -$120.4 million in Q4 2021.
- A 5-year average of -$25.4 million and a median of -$21.1 million in 2022 frame the typical range for Operating Income.
- The sharpest annual moves came in 2021 and 2024: Operating Income plunged 700.25% in 2021, then soared 148.57% in 2024.
- A 5-year view of Operating Income shows it stood at -$120.4 million in 2021, then surged by 67.33% to -$39.3 million in 2022, then rose by 10.6% to -$35.2 million in 2023, then soared by 148.57% to $17.1 million in 2024, then slumped by 120.92% to -$3.6 million in 2025.
- Business Quant data shows WKHS's Operating Income at -$3.6 million in Q4 2025, -$16.6 million in Q3 2025, and -$14.5 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,264.49 Bn | 1,219.81 Bn | 4.72 Bn | 941.00 Mn |
| 2 | Toyota Motor | 448.54 Bn | 321.13 Bn | 9.14 Bn | 3.63 Bn |
| 3 | General Motors | 74.80 Bn | 52.42 Bn | 4.32 Bn | 2.93 Bn |
| 4 | Ferrari | 71.95 Bn | 70.15 Bn | 1.09 Bn | 597.15 Mn |
| 5 | Ford Motor | 59.47 Bn | 29.01 Bn | 7.94 Bn | 2.33 Bn |
| 6 | Rivian Automotive | 20.42 Bn | 15.62 Bn | 119.00 Mn | -881.00 Mn |
| 7 | China Yuchai International | 16.65 Bn | 15.59 Bn | 317.01 Mn | 66.75 Mn |
| 8 | VinFast Auto | 7.51 Bn | 10.51 Bn | -15,731.99 Bn | -29,042.48 Bn |
| 9 | Digital Currency X Technology | 5.68 Bn | 5.68 Bn | - | - |
| 10 | Workhorse | 31.08 Mn | 31.08 Mn | 10.06 Mn | -3.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -3.57 Mn |
| Sep 30, 2025 | -16.56 Mn |
| Jun 30, 2025 | -14.47 Mn |
| Mar 31, 2025 | -12.84 Mn |
| Dec 31, 2024 | 17.08 Mn |
| Sep 30, 2024 | -14.17 Mn |
| Jun 30, 2024 | -20.52 Mn |
| Mar 31, 2024 | -23.73 Mn |
| Dec 31, 2023 | -35.17 Mn |
| Sep 30, 2023 | -21.06 Mn |
| Jun 30, 2023 | -23.52 Mn |
| Mar 31, 2023 | -25.55 Mn |
| Dec 31, 2022 | -39.34 Mn |
| Sep 30, 2022 | -48.85 Mn |
| Jun 30, 2022 | -21.06 Mn |
| Mar 31, 2022 | -19.83 Mn |
| Dec 31, 2021 | -120.43 Mn |
| Sep 30, 2021 | -25.51 Mn |
| Jun 30, 2021 | -22.72 Mn |
| Mar 31, 2021 | -16.45 Mn |