Workhorse Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	6.62	13.09	5.02	-0.85	1.39	Upgrade
Revenue Growth (YoY)	-49.47%	160.69%	-	-	269.80%	Upgrade
Cost of Revenue	28.84	38.35	37.67	125.69	13.07	Upgrade
Gross Profit	-22.23	-25.26	-32.65	-126.54	-11.67	Upgrade
Selling, General & Admin	42.51	54.67	73.22	40.16	20.16	Upgrade
Research & Development	9.15	24.47	23.21	11.61	9.15	Upgrade
Operating Expenses	51.66	79.14	96.43	51.77	29.31	Upgrade
Operating Income	-73.89	-104.4	-129.08	-178.31	-40.98	Upgrade
Interest Expense	-22.04	-1.95	-0.3	-6.74	-12.53	Upgrade
Interest & Investment Income	-	1.5	-	-	-	Upgrade
Other Non Operating Income (Expenses)	-5.78	-8.28	12.11	-7.32	-168.53	Upgrade
EBT Excluding Unusual Items	-101.71	-113.13	-117.27	-192.37	-222.04	Upgrade
Gain (Loss) on Sale of Investments	-	-10	-	-225.43	318.36	Upgrade
Asset Writedown	-	-0.9	-	-6.8	-	Upgrade
Other Unusual Items	-0.2	-	-	1.41	-4.71	Upgrade
Pretax Income	-101.91	-124.03	-117.27	-423.19	91.61	Upgrade
Income Tax Expense	-0.12	-0.11	-	-21.85	21.83	Upgrade
Net Income	-101.79	-123.92	-117.27	-401.34	69.78	Upgrade
Net Income to Common	-101.79	-123.92	-117.27	-401.34	69.78	Upgrade
Shares Outstanding (Basic)	2	1	1	1	0	Upgrade
Shares Outstanding (Diluted)	2	1	1	1	0	Upgrade
Shares Change (YoY)	137.50%	30.72%	23.24%	28.74%	55.41%	Upgrade
EPS (Basic)	-51.69	-149.45	-184.89	-779.76	187.83	Upgrade
EPS (Diluted)	-51.69	-149.45	-184.89	-780.00	175.00	Upgrade
Free Cash Flow	-51.65	-141.71	-111.32	-137.89	-76.01	Upgrade
Free Cash Flow Per Share	-26.23	-170.91	-175.49	-267.90	-190.11	Upgrade
Gross Margin	-	-192.87%	-	-	-	Upgrade
Operating Margin	-1116.73%	-797.25%	-2569.80%	-	-2942.95%	Upgrade
Profit Margin	-1538.46%	-946.33%	-2334.71%	-	5010.81%	Upgrade
Free Cash Flow Margin	-780.71%	-1082.20%	-2216.08%	-	-5458.24%	Upgrade
EBITDA	-65.98	-100.34	-127.14	-176.4	-40.17	Upgrade
D&A For EBITDA	7.91	4.06	1.95	1.91	0.81	Upgrade
EBIT	-73.89	-104.4	-129.08	-178.31	-40.98	Upgrade
Effective Tax Rate	-	-	-	-	23.83%	Upgrade
Advertising Expenses	0.9	1.2	1	-	-	Upgrade

Updated Nov 19, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q