Workhorse Group Inc. Q3 2025 Earnings Recap

WKHS Q3 2025 November 12, 2025

Workhorse Group reported mixed Q3 2025 results, with sales totaling $2.4 million driven by increased recognition of deferred revenue, amid ongoing challenges in vehicle deliveries. The company is poised for a strategic merger with Motiv Electric Trucks, aiming to strengthen its position in the medium-duty electric vehicle market.

Earnings Per Share Beat

$-16.69 vs $-17.41 est.

+4.1% surprise

Revenue Miss

2384998 vs 2500000 est.

-4.6% surprise

Market Reaction

1-Day -5.39%

5-Day +4.67%

30-Day -22.22%

Key Takeaways

Sales decreased slightly year-over-year, reflecting challenges in vehicle deliveries despite recognizing $2.2 million in deferred revenue.
Operating expenses reduced by $1.2 million from the prior year, indicating effective cost management efforts.
Proposed merger with Motiv Electric Trucks expected to close in Q4 2025, enhancing growth potential and market share.
New product offerings, including the Utilimaster Aeromaster body on the W56 chassis, aim to increase customer interest and sales.
Workhorse showcased high operational uptime of 97% for its W56 step vans, reinforcing its reliability in the commercial EV space.

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.

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