Workhorse Group, Inc.

  • Market Cap: Micro Cap
  • Industry: Automobiles
  • ISIN: US98138J2069
USD
0.85
0.04 (5.05%)
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

1.13 M

Shareholding (Mar 2025)

FII

0.64%

Held by 51 FIIs

DII

95.52%

Held by 4 DIIs

Promoter

0.00%

How big is Workhorse Group, Inc.?

22-Jun-2025

As of Jun 18, Workhorse Group, Inc. has a market capitalization of 9.19 million, with net sales of 5.91 million and a net profit of -93.28 million over the last four quarters. Shareholder's funds are reported at 44.29 million, and total assets amount to 93.84 million.

As of Jun 18, Workhorse Group, Inc. has a market capitalization of 9.19 million, categorizing it as a Micro Cap company.<BR><BR>As of Jun 18, the sum of net sales for the latest four quarters is 5.91 million, while the sum of net profit for the same period is -93.28 million.<BR><BR>As of Dec 24, the shareholder's funds are reported at 44.29 million, and total assets amount to 93.84 million.

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What does Workhorse Group, Inc. do?

22-Jun-2025

Workhorse Group, Inc. is a technology company specializing in high-performance electric vehicles and aircraft for the commercial transportation sector. As of March 2025, it reported net sales of $1 million and a net loss of $21 million, with a market cap of $9.19 million.

Overview:<BR>Workhorse Group, Inc. is a technology company focused on providing solutions to the commercial transportation sector, specializing in high-performance electric vehicles and aircraft within the automobiles industry, categorized as a micro-cap company.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 1 Million (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -21 Million (Quarterly Results - Mar 2025) <BR>Market-cap: USD 9.19 Million (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: NA (Loss Making) <BR>Industry P/E: NA <BR>Dividend Yield: 0.00% <BR>Debt Equity: 0.52 <BR>Return on Equity: -282.69% <BR>Price to Book: 0.29<BR><BR>Contact Details:<BR>Address: 100 Commerce Dr, LOVELAND OH: 45140-7726 <BR>Tel: ['1 513 3604704', '1 949 5743860'] <BR>Website: http://workhorse.com/

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Should I buy, sell or hold Workhorse Group, Inc.?

22-Jun-2025

Who are in the management team of Workhorse Group, Inc.?

22-Jun-2025

As of March 2022, the management team of Workhorse Group, Inc. includes Duane Hughes (CEO), Raymond Chess (Chairman), and several independent directors: Gerald Budde, Michael Clark, Jacqueline Dedo, Harry DeMott, and Pamela Mader. This team provides executive leadership and governance for the company.

As of March 2022, the management team of Workhorse Group, Inc. includes the following individuals:<BR><BR>- Mr. Raymond Chess, Independent Chairman of the Board<BR>- Mr. Duane Hughes, President, Chief Executive Officer, and Director<BR>- Mr. Gerald Budde, Independent Director<BR>- Mr. Michael Clark, Independent Director<BR>- Ms. Jacqueline Dedo, Independent Director<BR>- Mr. Harry DeMott, Independent Director<BR>- Ms. Pamela Mader, Independent Director<BR><BR>This team comprises a mix of executive leadership and independent directors, contributing to the governance and strategic direction of the company.

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Is Workhorse Group, Inc. overvalued or undervalued?

20-Sep-2025

As of March 1, 2023, Workhorse Group, Inc. has been downgraded to a risky valuation grade due to significant overvaluation and financial distress, evidenced by poor metrics and a year-to-date stock return of -86.93%, contrasting sharply with its peers and the S&P 500.

As of 1 March 2023, the valuation grade for Workhorse Group, Inc. moved from does not qualify to risky, indicating a significant downgrade in its investment appeal. The company appears to be overvalued given its current metrics, particularly with a Price to Book Value of 0.28, an EV to EBIT of -0.40, and an EV to EBITDA of -0.46, all of which suggest substantial financial distress. <BR><BR>In comparison to peers, Miller Industries, Inc. has a P/E ratio of 11.18, highlighting the stark contrast in valuation between the two companies, while Kandi Technologies Group, Inc. also presents a risky profile with an EV to EBITDA of -1.99. Furthermore, Workhorse's stock has drastically underperformed against the S&P 500, with a year-to-date return of -86.93% compared to the index's 12.22%, reinforcing the notion of its overvaluation.

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Is Workhorse Group, Inc. technically bullish or bearish?

20-Sep-2025

As of August 1, 2025, Workhorse Group, Inc. shows a mildly bearish trend, with daily indicators suggesting bearishness despite a mildly bullish weekly MACD, and it has underperformed the S&P 500 significantly, declining 86.93% year-to-date compared to the S&P's 12.22%.

As of 1 August 2025, the technical trend for Workhorse Group, Inc. has changed from sideways to mildly bearish. The weekly MACD is mildly bullish, but the daily moving averages and Bollinger Bands indicate a bearish stance. The KST shows a mildly bearish signal on the weekly and bearish on the monthly, while the Dow Theory presents a mixed view with a mildly bearish weekly and mildly bullish monthly. The OBV is mildly bearish weekly but bullish monthly. <BR><BR>In terms of performance, Workhorse has significantly underperformed the S&P 500 across all multi-period returns, with a year-to-date decline of 86.93% compared to the S&P's 12.22%. Overall, the current technical stance is mildly bearish, driven primarily by the bearish daily moving averages and Bollinger Bands.

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iScoreScore
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Strong Sell
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Strong Buy

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Dashboard
1

With a growth in Net Sales of 572.98%, the company declared Very Positive results in Jun 25

  • The company has declared positive results in Jan 70 after 5 consecutive negative quarters
  • NET SALES(HY) At USD 6.31 MM has Grown at 189.24%
  • OPERATING CASH FLOW(Y) Highest at USD -31.54 MM
  • RAW MATERIAL COST(Y) Fallen by -82.91% (YoY)
2

MFs have decreased holdings this quarter and now hold 3.84% of the company

 
stock-summaryMojo Parameters
Mojo Parameters
Stock DNA
stock-summary
Industry

Automobiles

stock-summary
Market cap

USD 18 Million (Micro Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.73

stock-summary
Return on Equity

-349.58%

stock-summary
Price to Book

0.83

Revenue and Profits:
Net Sales:
6 Million
(Quarterly Results - Jun 2025)
Net Profit:
-15 Million
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-34.42%
0%
-34.42%
6 Months
-7.24%
0%
-7.24%
1 Year
-93.25%
0%
-93.25%
2 Years
-99.13%
0%
-99.13%
3 Years
-64.77%
0%
-64.77%
4 Years
-99.93%
0%
-99.93%
5 Years
-99.98%
0%
-99.98%

Workhorse Group, Inc. for the last several years.

Risk Adjusted Returns v/s stock-summary
stock-summaryNews & Corporate Actions
News
Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
Icon
No corporate action available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
63.18%
EBIT Growth (5y)
-28.72%
EBIT to Interest (avg)
-24.81
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0.52
Sales to Capital Employed (avg)
0.12
Tax Ratio
0.13%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
7.71%
ROCE (avg)
0
ROE (avg)
0
Valuation key factors
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
0.28
EV to EBIT
-0.40
EV to EBITDA
-0.46
EV to Capital Employed
0.53
EV to Sales
4.27
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-131.81%
ROE (Latest)
-282.69%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bullish
Mildly Bearish
OBV
No Trend
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Domestic Funds

Domestic Funds

Held in 24 Schemes (3.84%)

Foreign Institutions

Held by 51 Foreign Institutions (0.64%)

Strategic Entities with highest holding

Highest Public shareholder

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Jun'25 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Jun 2025 is 612.50% vs -80.00% in Jun 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Jun 2025 is 43.73% vs -14.35% in Jun 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Jun'25",
        "Jun'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "5.70",
          "val2": "0.80",
          "chgp": "612.50%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-12.70",
          "val2": "-18.50",
          "chgp": "31.35%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.60",
          "val2": "5.20",
          "chgp": "-88.46%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.30",
          "val2": "-0.60",
          "chgp": "150.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-14.80",
          "val2": "-26.30",
          "chgp": "43.73%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-2,552.80%",
          "val2": "-24,355.70%",
          "chgp": "2,180.29%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2024 is -49.62% vs 162.00% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is 17.84% vs -5.63% in Dec 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "6.60",
          "val2": "13.10",
          "chgp": "-49.62%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-65.30",
          "val2": "-101.20",
          "chgp": "35.47%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "22.20",
          "val2": "8.70",
          "chgp": "155.17%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-5.80",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-101.80",
          "val2": "-123.90",
          "chgp": "17.84%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-11,061.50%",
          "val2": "-8,041.30%",
          "chgp": "-302.02%",
          "chgp_class": "negative"
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]
Quarterly Results Snapshot (Consolidated) - Jun'25 - YoYstock-summary
Jun'25
Jun'24
Change(%)
Net Sales
5.70
0.80
612.50%
Operating Profit (PBDIT) excl Other Income
-12.70
-18.50
31.35%
Interest
0.60
5.20
-88.46%
Exceptional Items
0.30
-0.60
150.00%
Consolidate Net Profit
-14.80
-26.30
43.73%
Operating Profit Margin (Excl OI)
-2,552.80%
-24,355.70%
2,180.29%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in quarter ended Jun 2025 is 612.50% vs -80.00% in Jun 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in quarter ended Jun 2025 is 43.73% vs -14.35% in Jun 2024

Annual Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
6.60
13.10
-49.62%
Operating Profit (PBDIT) excl Other Income
-65.30
-101.20
35.47%
Interest
22.20
8.70
155.17%
Exceptional Items
-5.80
0.00
Consolidate Net Profit
-101.80
-123.90
17.84%
Operating Profit Margin (Excl OI)
-11,061.50%
-8,041.30%
-302.02%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in year ended Dec 2024 is -49.62% vs 162.00% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Dec 2024 is 17.84% vs -5.63% in Dec 2023

stock-summaryCompany CV
About Workhorse Group, Inc. stock-summary
stock-summary
Workhorse Group, Inc.
Automobiles
Workhorse Group, Inc. is a technology company. The Company is focused on providing solutions to commercial transportation sector. The Company designs and builds high performance electric vehicles and aircraft. As part of its solutions, it also develops cloud-based, real-time telematics performance monitoring systems. The Company is an Original Equipment Manufacturer (OEM) of Class 3-6 commercial-grade, medium-duty trucks. The Company sells its vehicles to fleet customers directly and through its primary distributor, Ryder System, Inc. (Ryder). Its product includes C-series electric delivery truck and Package Delivery Aircraft, HorseFly. The Workhorse C-Series electric delivery truck platform is available in multiple size configurations, including 450, 650 and 1,000 cubic feet. HorseFly is an Unmanned Aerial System (UAS), which is custom-designed, purpose-built system that delivers packages.
Company Coordinates stock-summary
Company Details
100 Commerce Dr , LOVELAND OH : 45140-7726
stock-summary
Tel: 1 513 36047041 949 5743860
stock-summary
Registrar Details