Workhorse (WKHS) Research & Development (2010 - 2025)

Workhorse has disclosed Research & Development across 16 years of filings, most recently posting $9.3 million for Q4 2025.

• In Q4 2025, Research & Development rose 84.11% year-over-year to $9.3 million; the TTM figure through Dec 2025 stood at $13.2 million (up 2.11% YoY), while the FY2025 annual figure was $13.2 million, up 2.11% from the prior year.
• Research & Development grew to $9.3 million in Q4 2025, from $1.1 million in the prior quarter.
• Over the last five years, Research & Development for WKHS reached as high as $9.3 million in Q4 2025 and fell as low as $1.1 million in Q3 2025.
• The 5-year median for Research & Development is $3.9 million (2021), against an average of $4.3 million.
• Annual changes were most pronounced in 2022 — Research & Development surged 184.79% — and 2024, when it sank 60.62%.
• A 5-year view of Research & Development shows it stood at $2.8 million in 2021, then jumped by 184.79% to $8.0 million in 2022, then retreated by 20.19% to $6.4 million in 2023, then slipped by 21.13% to $5.1 million in 2024, then soared by 84.11% to $9.3 million in 2025.
• According to Business Quant data, Research & Development over the past three periods registered $9.3 million, $1.1 million, and $1.2 million for Q4 2025, Q3 2025, and Q2 2025 respectively.