Workhorse (WKHS) Tax Rate (2020 - 2025)

Workhorse has disclosed Tax Rate across 5 years of filings, most recently posting 0.02% for Q4 2025.

• In Q4 2025, Tax Rate fell 2.0% year-over-year to 0.02%; the TTM figure through Dec 2025 stood at 0.01% (changed 0.0% YoY), while the FY2025 annual figure was 0.01%, changed 0.0% from the prior year.
• Tax Rate eased to 0.02% in Q4 2025, from 0.0% in the prior quarter.
• Over the last five years, Tax Rate for WKHS reached as high as 12.76% in Q1 2021 and fell as low as 0.02% in Q4 2025.
• The 4-year median for Tax Rate is 0.24% (2023), against an average of 2.76%.
• Annual changes were most pronounced in 2021 — Tax Rate slumped 721 bps — and 2025, when it declined 2 bps.
• A 4-year view of Tax Rate shows it stood at 0.01% in 2021, then surged by 2790 bps to 0.24% in 2023, then plunged by 99 bps to 0.0% in 2024, then sank by 657 bps to 0.02% in 2025.
• According to Business Quant data, Tax Rate over the past three periods registered 0.02%, 0.0%, and 0.24% for Q4 2025, Q4 2024, and Q4 2023 respectively.