Workhorse Group Inc.
For the period ended Mar 31, 2026. Filed May 14, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 14, 2026
WKHS$3.32+7.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
Condensed Consolidated Statements of Operations
| Three Months EndedMarch 31, | ||
|---|---|---|
| (in thousands, except per share amounts) | 2026 | 2025 |
| Sales, net of returns and allowances | $4,329 | $1,145 |
| Cost of sales | 11,811 | 2,224 |
| Gross loss | (7,482) | (1,079) |
| Operating expenses: | ||
| Selling, general and administrative | 9,545 | 4,340 |
| Research and development | 4,069 | 3,660 |
| Total operating expenses | 13,614 | 8,000 |
| Loss from operations | (21,096) | (9,079) |
| Interest expense, net | (354) | (3,576) |
| Change in fair value of convertible note | (145) | — |
| Change in fair value of stock rights | 1,703 | — |
| Other expense | (24) | (1) |
| Loss before benefit for income taxes | (19,916) | (12,656) |
| Benefit for income taxes | 34 | — |
| Net loss | $(19,882) | $(12,656) |
| Net loss per share of common stock | ||
| Basic and Diluted | $(1.99) | $(1.36) |
| Weighted-average shares used in computing net loss per share of common stock | ||
| Basic and Diluted | 10,014 | 9,329 |
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