Workhorse Group Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 31, 2026
WKHS$3.32+7.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations F-
Consolidated Statements of Operations
| For the Years Ended December 31, | ||
|---|---|---|
| (in thousands, except per share amounts) | 2025 | 2024 |
| Sales, net of returns and allowances | $21,211 | $7,044 |
| Cost of sales | 30,766 | 13,190 |
| Gross loss | (9,555) | (6,146) |
| Operating expenses: | ||
| Selling, general and administrative | 24,722 | 16,047 |
| Research and development | 13,163 | 12,891 |
| Impairment loss on discontinued product line investment | — | 6,246 |
| Total operating expenses | 37,885 | 35,184 |
| Loss from operations | (47,440) | (41,330) |
| Interest expense, net | (17,421) | (10,260) |
| Change in fair value of stock rights | 1,038 | — |
| Other (loss) income | (259) | 3 |
| Loss before income taxes | (64,082) | (51,587) |
| Provision for income taxes | (4) | (1) |
| Net loss | $(64,086) | $(51,588) |
| Net loss per share of common stock | ||
| Basic and Diluted* | $(6.76) | $(9.43) |
| Weighted average shares used in computing net loss per share of common stock | ||
| Basic and Diluted* | 9,475 | 5,468 |
*See Note 1 - Summary of Business and Significant Accounting Principles for details on the reported amounts for the year ended December 31, 2024.
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