Workhorse (WKHS) Research & Development (2010 - 2026)

Workhorse (WKHS) has reported Research & Development for 16 consecutive years, with $9.3 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Research & Development rose 84.84% year-over-year to $9.3 million; the TTM figure through Dec 2025 stood at $13.2 million (up 2.4% YoY), while the FY2025 annual figure was $13.2 million, up 2.4% from the prior year.
• Research & Development rose to $9.3 million in Q4 2025 per WKHS's latest filing, from $1.1 million in the prior quarter.
• Across five years, Research & Development topped out at $9.3 million in Q4 2025 and bottomed at $1.1 million in Q3 2025.
• Historically, Research & Development has averaged $4.3 million across 5 years, with a median of $3.9 million in 2021.
• Annual changes were most pronounced in 2022 — Research & Development surged 184.79% — and 2024, when it tumbled 60.62%.
• Workhorse's Research & Development stood at $2.8 million in 2021, then surged by 184.79% to $8.0 million in 2022, then dropped by 19.79% to $6.4 million in 2023, then decreased by 21.52% to $5.1 million in 2024, then surged by 84.84% to $9.3 million in 2025.
• Business Quant data shows WKHS's Research & Development at $9.3 million in Q4 2025, $1.1 million in Q3 2025, and $1.2 million in Q2 2025.