Workhorse Group Inc Income Statement
Concept
Total Revenue
YoY
Cost of Goods Sold (COGS)
Gross Profit
Operating expenses
Selling, General & Administrative
Research & Development
Operating Income
Interest Expense
Income Before Tax
Tax Provision
Net Income
YoY
Total Expenses
Net Interest Income
EBITDA
Reconciled Depreciation
EBIT
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
13M
160.69%
38M
-25M
80M
54M
24M
-105M
9M
-124M
0M
-124M
17.50%
118M
3M
-101M
3M
-105M
5M
-689.62%
38M
-33M
96M
73M
23M
-129M
0M
-117M
0M
-105M
-73.72%
134M
0M
-115M
2M
-129M
-1M
-161.18%
132M
-133M
52M
40M
12M
-185M
7M
-423M
-22M
-401M
-675.19%
184M
-7M
-416M
2M
-185M
1M
269.80%
13M
-12M
-294M
20M
9M
116M
13M
92M
22M
70M
-205.85%
-281M
-13M
117M
1M
116M
0M
-50.66%
6M
-5M
3M
10M
8M
-8M
29M
-37M
0M
-66M
80.59%
8M
-29M
-8M
0M
-8M
1M
-92.96%
16M
-15M
19M
11M
7M
-34M
2M
-37M
0M
-37M
-13.58%
35M
-2M
-34M
0M
-34M
11M
69.08%
25M
-14M
28M
10M
18M
42M
0M
-42M
0M
-42M
115.99%
53M
0M
-42M
1M
-42M
6M
4,482.65%
14M
-7M
12M
6M
6M
20M
0M
-20M
0M
-20M
107.45%
26M
0M
-19M
0M
-20M
0M
-21.14%
8M
0M
9M
4M
5M
8M
1M
-9M
0M
-9M
42.64%
9M
0M
-8M
0M
-8M
0M
0.00%
6M
0M
6M
3M
3M
6M
0M
-7M
0M
-7M
8.15%
6M
0M
-6M
0M
-6M
0M
-34.77%
0M
0M
6M
5M
0M
6M
0M
-6M
0M
-6M
43.02%
6M
0M
-6M
0M
-6M
0M
43.18%
0M
0M
4M
4M
0M
4M
0M
-4M
0M
-4M
-50.92%
4M
0M
-4M
0M
-4M
0M
35.06%
0M
0M
9M
5M
0M
-9M
0M
-9M
0M
-9M
73.14%
9M
0M
-9M
0M
-9M
0M
-
0M
0M
5M
5M
0M
5M
0M
-5M
0M
-5M
229.73%
5M
0M
-5M
0M
-5M
0M
-
0M
0M
2M
1M
0M
2M
0M
2M
0M
-2M
6,130.28%
2M
0M
-1M
0M
-2M
0M
-
0M
0M
0M
0M
0M
0M
0M
0M
0M
0M
1,259.78%
0M
0M
0M
0M
0M
0M
-
0M
0M
0M
0M
0M
0M
0M
0M
0M
0M
1,259.78%
0M
0M
0M
0M
0M
Concept
Total Revenue
YoY
Cost of Goods Sold (COGS)
Gross Profit
Operating expenses
Selling, General & Administrative
Research & Development
Operating Income
Interest Expense
Income Before Tax
Tax Provision
Net Income
YoY
Total Expenses
Net Interest Income
EBITDA
Reconciled Depreciation
EBIT
4Q2023
3Q2023
2Q2023
1Q2023
4Q2022
3Q2022
2Q2022
1Q2022
4Q2021
3Q2021
2Q2021
1Q2021
4Q2020
3Q2020
2Q2020
1Q2020
4Q2019
3Q2019
2Q2019
1Q2019
4Q2018
3Q2018
2Q2018
1Q2018
4Q2017
3Q2017
2Q2017
1Q2017
4Q2016
3Q2016
2Q2016
1Q2016
4Q2015
3Q2015
2Q2015
1Q2015
4Q2014
3Q2014
2Q2014
1Q2014
4Q2013
3Q2013
2Q2013
1Q2013
4Q2012
3Q2012
2Q2012
1Q2012
4Q2011
3Q2011
2Q2011
1Q2011
4Q2010
3Q2010
2Q2010
1Q2010
4Q2009
3Q2009
2Q2009
1Q2009
4Q2008
3Q2008
1Q2008
4M
27.82%
18M
-14M
22M
15M
6M
-35M
10M
-45M
0M
-45M
19.20%
40M
-10M
-34M
2M
-35M
3M
95.54%
7M
-4M
18M
12M
6M
-21M
0M
-31M
0M
-31M
-13.44%
24M
0M
-20M
1M
-21M
4M
31,492.70%
8M
-4M
19M
14M
5M
-24M
1M
-23M
0M
-23M
8.29%
27M
1M
-23M
1M
-24M
2M
11,742.89%
5M
-4M
22M
15M
7M
-26M
1M
-25M
0M
-24M
-1.56%
27M
1M
-25M
1M
-26M
3M
-272.44%
21M
-18M
22M
14M
8M
-39M
0M
-39M
0M
-38M
-75.68%
43M
0M
-38M
1M
-39M
2M
-368.61%
10M
-8M
41M
35M
6M
-49M
0M
-35M
0M
-35M
-56.35%
50M
0M
-35M
1M
-49M
0M
-98.96%
3M
-3M
18M
13M
5M
-21M
0M
-21M
0M
-21M
-51.27%
21M
0M
-21M
0M
-21M
0M
-97.26%
4M
-4M
16M
12M
4M
-20M
0M
-22M
0M
-24M
-79.85%
20M
0M
-21M
0M
-20M
-2M
-406.84%
100M
-102M
19M
16M
3M
-120M
13M
-110M
0M
-156M
-155.66%
118M
-13M
-100M
1M
-100M
-1M
-202.11%
12M
-12M
13M
11M
3M
-26M
2M
-121M
-3M
-81M
-3.58%
25M
-19M
-123M
1M
-123M
1M
1,208.30%
15M
-14M
21M
7M
2M
-34M
2M
-45M
-1M
-44M
-66.79%
36M
-10M
-42M
0M
-43M
1M
518.10%
6M
-6M
147M
7M
4M
-153M
2M
-138M
-18M
-121M
-2,633.42%
154M
14M
-137M
0M
-138M
1M
24,826.17%
7M
-6M
-314M
5M
4M
307M
8M
302M
22M
280M
42,713.12%
307M
161M
311M
0M
311M
1M
13,162.26%
3M
-2M
8M
6M
2M
-10M
2M
-84M
0M
-84M
631.98%
10M
-74M
-82M
0M
-83M
0M
1,569.24%
2M
-1M
6M
4M
2M
-7M
1M
-131M
0M
-131M
256.33%
7M
-103M
-108M
0M
-109M
0M
-76.85%
2M
-2M
7M
6M
2M
-8M
1M
5M
0M
5M
-175.93%
8M
4M
-3M
0M
-3M
0M
-87.71%
2M
-2M
-8M
10M
4M
6M
6M
1M
0M
1M
-103.70%
6M
-6M
6M
0M
6M
0M
-61.28%
1M
-1M
4M
3M
2M
-6M
6M
-11M
0M
-11M
109.52%
6M
-6M
-6M
0M
-6M
0M
-96.77%
1M
-1M
3M
2M
1M
-4M
33M
-37M
0M
-37M
433.43%
4M
-33M
-4M
0M
-4M
0M
-34.99%
1M
-1M
3M
2M
1M
-4M
2M
-6M
0M
-6M
-2.39%
5M
-2M
-4M
0M
-4M
0M
-99.61%
11M
-11M
4M
3M
2M
-17M
1M
-18M
0M
-18M
42.07%
16M
0M
-17M
0M
-17M
0M
-99.67%
1M
-1M
5M
3M
1M
-6M
1M
-5M
0M
-5M
-56.70%
6M
0M
-6M
0M
-6M
0M
-36.78%
2M
-1M
5M
3M
2M
-6M
1M
-7M
0M
-7M
-24.90%
7M
0M
-6M
0M
-6M
1M
-68.49%
2M
-1M
5M
2M
2M
-6M
1M
-6M
0M
-6M
-18.97%
6M
0M
-6M
0M
-6M
6M
81.47%
12M
-6M
6M
2M
4M
12M
0M
-12M
0M
-12M
78.46%
18M
0M
-12M
0M
-12M
3M
72.35%
8M
-4M
8M
3M
5M
13M
0M
-13M
0M
-13M
140.70%
16M
0M
-12M
0M
-13M
0M
-78.13%
1M
-1M
8M
3M
6M
9M
0M
-9M
0M
-9M
213.36%
9M
0M
-9M
0M
-9M
2M
653.41%
4M
-3M
5M
2M
3M
8M
0M
-8M
0M
-8M
80.84%
10M
0M
-8M
0M
-8M
3M
4,369.26%
7M
-4M
3M
1M
2M
7M
0M
-7M
0M
-7M
85.94%
10M
0M
-7M
0M
-7M
2M
2,547.22%
4M
-2M
3M
2M
1M
5M
0M
-5M
0M
-5M
38.75%
7M
0M
-5M
0M
-5M
1M
1,716.12%
2M
-1M
2M
2M
0M
3M
0M
-3M
0M
-3M
56.05%
4M
0M
-3M
0M
-3M
0M
575,509.76%
0M
0M
4M
1M
3M
4M
0M
-4M
0M
-4M
112.69%
5M
0M
-4M
0M
-4M
0M
165,704.88%
3M
0M
3M
1M
2M
3M
1M
-4M
0M
-4M
127.73%
3M
0M
-3M
0M
-3M
0M
-59.55%
3M
0M
4M
2M
2M
3M
0M
-4M
0M
-4M
112.16%
4M
0M
-3M
0M
-3M
0M
-61.69%
2M
0M
2M
1M
1M
2M
0M
-2M
0M
-2M
-4.31%
2M
0M
-2M
0M
-2M
0M
-
0M
0M
2M
1M
1M
2M
0M
-2M
0M
-2M
56.10%
2M
0M
-2M
0M
-2M
0M
-
1M
0M
2M
0M
1M
2M
0M
-2M
0M
-2M
24.90%
2M
0M
-1M
0M
-2M
0M
0.28%
2M
0M
2M
1M
1M
-2M
0M
-2M
0M
-2M
71.06%
2M
0M
-2M
0M
-2M
0M
-70.56%
2M
0M
2M
1M
1M
2M
0M
-2M
0M
-2M
-9.09%
2M
0M
-2M
0M
-2M
0M
-100.00%
0M
0M
1M
1M
0M
1M
0M
-1M
0M
-1M
14.09%
1M
0M
-1M
0M
-1M
0M
-100.00%
4M
0M
1M
1M
0M
1M
0M
-1M
0M
-1M
14.09%
1M
0M
-1M
0M
-1M
0M
-20.08%
0M
0M
1M
1M
1M
1M
0M
-1M
0M
-1M
-18.56%
1M
0M
-1M
0M
-1M
1M
171.43%
1M
0M
2M
2M
0M
2M
0M
-2M
0M
-2M
221.77%
2M
0M
-2M
0M
-2M
0M
-
0M
0M
1M
1M
0M
-1M
0M
-1M
0M
-1M
-49.97%
1M
0M
-1M
0M
-1M
0M
-
0M
0M
1M
1M
0M
-1M
0M
0M
0M
-1M
-49.97%
1M
0M
-1M
0M
-1M
0M
16.87%
0M
0M
1M
1M
0M
-1M
0M
-1M
0M
-1M
-39.49%
1M
0M
-1M
0M
-1M
0M
106.54%
0M
0M
1M
1M
0M
-1M
0M
0M
0M
-1M
-72.12%
1M
0M
-1M
0M
-1M
0M
-100.00%
0M
0M
2M
1M
0M
-2M
0M
6M
0M
-2M
24.06%
2M
0M
-2M
0M
-2M
0M
-100.00%
0M
0M
2M
1M
0M
-2M
0M
0M
0M
-2M
18.36%
2M
0M
-2M
0M
-2M
0M
-
0M
0M
2M
2M
0M
-2M
0M
-2M
0M
-2M
100.93%
2M
0M
-2M
0M
-2M
0M
-
0M
0M
3M
2M
0M
-2M
0M
-2M
0M
-2M
114.04%
3M
0M
-2M
0M
-2M
0M
-
0M
0M
2M
2M
0M
2M
0M
0M
0M
-2M
108.47%
2M
0M
-2M
0M
-2M
0M
-
0M
0M
2M
2M
0M
2M
0M
-2M
0M
-2M
32.07%
2M
0M
-2M
0M
-2M
0M
-
0M
0M
1M
1M
0M
1M
0M
0M
0M
-1M
12,143.17%
1M
0M
-1M
0M
-1M
0M
-
0M
0M
1M
1M
0M
1M
0M
1M
0M
-1M
6,001.15%
1M
0M
-1M
0M
-1M
0M
-
0M
0M
1M
1M
0M
1M
0M
1M
0M
-1M
4,512.16%
1M
0M
-1M
0M
-1M
0M
-
0M
0M
1M
1M
0M
-1M
0M
0M
0M
-1M
7,019.30%
1M
0M
-1M
0M
0M
0M
-
0M
0M
0M
0M
0M
0M
0M
0M
0M
0M
209.11%
0M
0M
0M
0M
0M
0M
-
0M
0M
0M
0M
0M
0M
0M
0M
0M
0M
1,906.63%
0M
0M
0M
0M
0M
0M
-
0M
0M
0M
0M
0M
0M
0M
0M
0M
0M
1,906.63%
0M
0M
0M
0M
0M
0M
-
0M
0M
0M
0M
0M
0M
0M
0M
0M
0M
1,906.63%
0M
0M
0M
0M
0M
0M
-
0M
0M
0M
0M
0M
0M
0M
0M
0M
0M
1,906.63%
0M
0M
0M
0M
0M
0M
-
0M
0M
0M
0M
0M
0M
0M
0M
0M
0M
1,906.63%
0M
0M
0M
0M
0M