Workhorse Group Inc. Q2 2025 Earnings Recap

WKHS Q2 2025 August 19, 2025

Workhorse Group reported strong Q2 2025 results, shipping a record number of W56 step vans while significantly reducing operating expenses, amid a strategic merger with Motiv.

Earnings Per Share Beat

$-20.05 vs $-47.78 est.

+58.0% surprise

Revenue Beat

5669469 vs 2500000 est.

+126.8% surprise

Market Reaction

1-Day -3.45%

5-Day -4.14%

30-Day -22.76%

Key Takeaways

Achieved record shipments of 32 W56 trucks in Q2 2025, up from just 1 truck in Q2 2024.
Revenue rose to $5.7 million, a significant increase from $800,000 in the prior year, driven primarily by higher demand for the W56.
Operating expenses decreased by $7 million year-over-year, reflecting improved operational efficiency.
Received an interim funding boost of approximately $25 million from Motiv's controlling investor, enhancing liquidity ahead of the merger.
Continued development efforts for the W56, including a new 140-kilowatt design and integration of the Utilimaster Aeromaster van body.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit WKHS on AllInvestView.

Next Q3 2025