Workhorse (WKHS) Tax Rate (2020 - 2025)

Workhorse (WKHS) has reported Tax Rate for 5 consecutive years, with 0.02% the latest figure, recorded in 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 declined to 0.02% in Q4 2025 per WKHS's latest filing, from 0.0% in the prior quarter.
• Across five years, Tax Rate topped out at 12.76% in Q1 2021 and bottomed at 0.02% in Q4 2025.
• Historically, Tax Rate has averaged 2.76% across 4 years, with a median of 0.24% in 2023.
• Annual changes were most pronounced in 2021 — Tax Rate plunged 721 bps — and 2025, when it declined 2 bps.
• Workhorse's Tax Rate stood at 0.01% in 2021, then soared by 2790 bps to 0.24% in 2023, then tumbled by 99 bps to 0.0% in 2024, then plunged by 657 bps to 0.02% in 2025.
• Business Quant data shows WKHS's Tax Rate at 0.02% in Q4 2025, 0.0% in Q4 2024, and 0.24% in Q4 2023.