Workhorse (WKHS) Operating Leases (2021 - 2025)

Workhorse (WKHS) posted quarterly Operating Leases of $18.8 million for Q4 2025, up 21733.72% year-over-year from N/an in Q4 2024, and down 13.85% quarter-over-quarter from $21.8 million in Q3 2025.

Workhorse (WKHS) Operating Leases (2021 - 2025) Analysis & Trends

Workhorse (WKHS) has reported Operating Leases for 5 consecutive years, with $18.8 million the latest figure, recorded in Q4 2025.

  • In Q4 2025, Operating Leases rose 21733.72% year-over-year to $18.8 million; the TTM figure through Dec 2025 stood at $18.8 million (up 21733.72% YoY), while the FY2025 annual figure was $18.8 million, up 21733.72% from the prior year.
  • Operating Leases fell to $18.8 million in Q4 2025 per WKHS's latest filing, from $21.8 million in the prior quarter.
  • Across five years, Operating Leases topped out at $21.8 million in Q3 2025 and bottomed at $86000.0 in Q4 2024.
  • Historically, Operating Leases has averaged $7.8 million across 5 years, with a median of $6.8 million in 2022.
  • Annual changes were most pronounced in 2024 — Operating Leases sank 98.37% — and 2025, when it soared 21733.72%.
  • Workhorse's Operating Leases stood at $1.2 million in 2021, then surged by 750.1% to $10.1 million in 2022, then tumbled by 47.85% to $5.3 million in 2023, then tumbled by 98.37% to $86000.0 in 2024, then jumped by 21733.72% to $18.8 million in 2025.
  • Business Quant data shows WKHS's Operating Leases at $18.8 million in Q4 2025, $21.8 million in Q3 2025, and $5.0 million in Q2 2025.

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
DateValue
Dec 31, 2025 18.78 Mn
Sep 30, 2025 21.79 Mn
Jun 30, 2025 5.02 Mn
Mar 31, 2025 3.70 Mn
Dec 31, 2024 86,000.00
Sep 30, 2024 4.56 Mn
Jun 30, 2024 5.05 Mn
Mar 31, 2024 5.05 Mn
Dec 31, 2023 5.28 Mn
Sep 30, 2023 7.66 Mn
Jun 30, 2023 9.56 Mn
Mar 31, 2023 8.46 Mn
Dec 31, 2022 10.13 Mn
Sep 30, 2022 8.74 Mn
Jun 30, 2022 9.99 Mn
Mar 31, 2022 6.76 Mn
Dec 31, 2021 1.19 Mn