Workhorse Group Inc.
For the period ended Jun 30, 2026. Filed Aug 13, 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.
Jun 30, 2026 · Filed Aug 13, 2026
WKHS$3.42+3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows
| Six Months EndedJune 30, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net loss | $(40,053) | $(25,503) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 3,649 | 395 |
| Provision for allowance for credit losses | (70) | — |
| Provision for excess and obsolete inventory | (348) | — |
| Non-cash lease expense | 1,498 | 431 |
| Warranty provision | 3,134 | 778 |
| Stock-based compensation | — | 212 |
| Non-cash interest expense and change in fair value of convertible notes | 486 | — |
| Non-cash change in fair value of stock rights | (6,074) | — |
| Non-cash conversion of stock rights | 4,189 | — |
| Loss on disposal of assets | 23 | — |
| Effects of changes in operating assets and liabilities: | ||
| Accounts receivable | 1,489 | (1,750) |
| Inventory, net | 1,238 | (4,389) |
| Prepaid expenses and other current assets | (1,775) | 44 |
| Accounts payable | (2,317) | 169 |
| Accrued liabilities and other current liabilities | (5,231) | 8,323 |
| Operating lease liability | (429) | (424) |
| Net cash used in operating activities | (40,591) | (21,714) |
| Cash flows from investing activities: | ||
| Capital expenditures | (270) | (270) |
| Net cash used in investing activities | (270) | (270) |
| Cash flows from financing activities: | ||
| Proceeds from secured promissory note - related party | — | 18,000 |
| Proceeds from Cash Flow Credit Agreement - related party | 20,000 | — |
| Proceeds from Customer Order Credit Agreement - related party | 18,250 | — |
| Net cash provided by financing activities | 38,250 | 18,000 |
| Change in cash and cash equivalents and restricted cash | (2,611) | (3,984) |
| Cash and cash equivalents and restricted cash, beginning of the period | 12,920 | 6,629 |
| Cash and cash equivalents and restricted cash, end of the period | $10,309 | $2,645 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $722 | $— |
| Cash paid for taxes | $— | $— |
| Non-cash investing and financing activities: | ||
| ROU assets obtained for lease liabilities | $— | $653 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.