Workhorse (WKHS) Research & Development (2013 - 2026)
Workhorse (WKHS) reported Research & Development of $4.11 million for Q2 2026, up 28.5% from $3.2 million a year earlier.
Powered by 
Analysis
Workhorse (WKHS) Research & Development (2013 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Workhorse's Research & Development came in at $17.73 million, up 46.5% year-over-year; for FY2025, it came in at $13.2 million, up 2.3% from FY2024.
- Research & Development has a five-year compound annual growth rate of 7.6% (FY2020 to FY2025).
- By year, Research & Development came in at $12.9 million in FY2024 (-47.3%), $24.5 million in FY2023 (+5.5%), $23.21 million in FY2022 (+99.9%) and $11.61 million in FY2021 (+26.9%).
- Five-year quarterly Research & Development spans a low of $1.08 million in Q3 2025 and a high of $9.35 million in Q4 2025.
- Year over year, Research & Development gained in three of the last seven quarters, with an average decline of 2.6%.
- The high point for year-over-year Research & Development in five years was Q4 2022 (growth of 185.3%); the low point was Q2 2024 (a decline of 60.6%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,157.07 Bn | 991.62 Bn | 4.75 Bn | 2.37 Bn |
| 2 | Toyota Motor | 254.94 Bn | -151.80 Bn | 20.95 Bn | - |
| 3 | Ferrari | 147.58 Bn | 140.03 Bn | 1.18 Bn | 252.82 Mn |
| 4 | Honda Motor | 147.32 Bn | 14.70 Bn | 8.46 Bn | -1.53 Bn |
| 5 | General Motors | 70.77 Bn | -34.10 Bn | 7.33 Bn | - |
| 6 | Ford Motor | 48.49 Bn | -93.97 Bn | 6.08 Bn | - |
| 7 | Rivian Automotive | 20.14 Bn | -3.15 Bn | 179.00 Mn | 466.00 Mn |
| 8 | Magna International | 18.12 Bn | 15.68 Bn | 1.61 Bn | - |
| 9 | Stellantis | 13.39 Bn | -152.61 Bn | 5.55 Bn | 1.52 Bn |
| 10 | Workhorse | 28.13 Mn | 28.13 Mn | -7.47 Mn | 4.11 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.11 Mn |
| Dec 31, 2025 | 9.35 Mn |
| Sep 30, 2025 | 1.08 Mn |
| Jun 30, 2025 | 3.20 Mn |
| Mar 31, 2025 | 1.53 Mn |
| Dec 31, 2024 | 5.07 Mn |
| Sep 30, 2024 | 2.31 Mn |
| Jun 30, 2024 | 1.99 Mn |
| Mar 31, 2024 | 3.53 Mn |
| Dec 31, 2023 | 6.44 Mn |
| Sep 30, 2023 | 5.77 Mn |
| Jun 30, 2023 | 5.06 Mn |
| Mar 31, 2023 | 7.22 Mn |
| Dec 31, 2022 | 8.05 Mn |
| Sep 30, 2022 | 6.13 Mn |
| Jun 30, 2022 | 5.03 Mn |
| Mar 31, 2022 | 4.01 Mn |
| Dec 31, 2021 | 2.82 Mn |
| Sep 30, 2021 | 2.80 Mn |
| Jun 30, 2021 | 2.12 Mn |
API Access
Workhorse Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=WKHS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "WKHS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=WKHS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();