Workhorse Group Inc. (WKHS) Stock

Workhorse Group Inc. (WKHS) is a Consumer Discretionary stock trading at $2.73 (as of 2026-07-24), with a market capitalization of $29.74M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Workhorse Group Inc. designs, manufactures, and sells zero-emission commercial vehicles, including electric and range-extended medium-duty delivery trucks, and the HorseFly all-electric unmanned aerial system for delivery. The company also offers Metron, an air delivery application that tracks the performance of deployed vehicles.

Understand Workhorse Group Inc.: how it makes money

Workhorse Group Inc. designs, manufactures, and sells zero-emission commercial vehicles, including electric and range-extended medium-duty delivery trucks, and it also offers the HorseFly all-electric drone system and the Metron air-delivery application that tracks vehicle performance.

Workhorse’s profit model depends on monetizing deployments of its hardware products (electric and range-extended delivery trucks and the HorseFly drone system) and the associated Metron tracking application, while managing the scale and cost of designing and manufacturing those vehicles and systems.

Business quality (Weak): With no reportable segment revenue and no provided operating KPI data, the clearest signal from the provided quarter is the company’s overall loss profile, but it is harder to pinpoint what specifically drives operational performance.

Bull case

  • Diverse zero-emission offering across ground and air delivery: The company sells electric and range-extended medium-duty delivery trucks under the Workhorse brand, and it also offers HorseFly, a purpose-built all-electric drone system.
  • Adds software for tracking deployed vehicles: Workhorse provides Metron, an air delivery application that tracks performance of various vehicles deployed.

Bear case

  • Large negative profitability in the latest provided quarter: For the period ended 2026-03-31, gross margin was -172.8% and operating margin was -487.3%, with revenue shown as 0.0B in the provided facts.
  • Limited visibility into operating drivers from provided data: No operating KPI candidates and no segment revenue breakdown were provided, which makes it harder to attribute performance to specific products or stages of the profit model.
Valuation — source: SEC EDGAR (first-party)
Price$2.73
Market Cap$29.74M
Price / Book1.14
Price / Sales2.28
FCF Yield-214.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$21.21M
Net Margin-302.1%
Revenue Growth (YoY)220.6%
EPS Growth (YoY)-86.9%
FCF Growth (YoY)-30.0%
Financial Health — source: SEC EDGAR
Altman Z-Score-4.48 (distress)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Consumer Discretionary)21.6
Industry P/E (Automobiles & Trucks)18.7
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock Fund Advisors ($2.60M)
Institutional Holders Tracked10
Congressional Trades (recent)4
Company
SectorConsumer Discretionary
IndustryAutomobiles & Trucks
CEOScott W. Griffith
Employees143
CountryUS
IPO Date2010-06-02

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WKHS earnings history · WKHS institutional & insider holders · WKHS KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.