Workhorse Financial Statements From 2010 to 2024

WKHS Stock  USD 0.16  0.01  6.67%   
Workhorse financial statements provide useful quarterly and yearly information to potential Workhorse Group investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Workhorse financial statements helps investors assess Workhorse's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Workhorse's valuation are summarized below:
Gross Profit
-32.6 M
Market Capitalization
49.8 M
Enterprise Value Revenue
4.8674
Revenue
13.1 M
Earnings Share
(0.60)
There are over one hundred nineteen available fundamental gauges for Workhorse Group, which can be analyzed over time and compared to other ratios. All traders should confirm Workhorse's prevalent fundamentals against the performance from 2010 to 2024 and make sure the trends continue to evolve in the right direction. Market Cap is likely to drop to about 70.9 M in 2024. Enterprise Value is likely to drop to about 64.4 M in 2024

Workhorse Total Revenue

13.75 Million

Check Workhorse financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Workhorse main balance sheet or income statement drivers, such as Interest Expense of 9.2 M, Selling General Administrative of 56.7 M or Other Operating Expenses of 124.3 M, as well as many exotic indicators such as Price To Sales Ratio of 5.41, Dividend Yield of 0.45 or PTB Ratio of 0.85. Workhorse financial statements analysis is a perfect complement when working with Workhorse Valuation or Volatility modules.
  
This module can also supplement Workhorse's financial leverage analysis and stock options assessment as well as various Workhorse Technical models . Check out the analysis of Workhorse Correlation against competitors.

Workhorse Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets84.1 M141.7 M92.2 M
Slightly volatile
Total Current Liabilities55.9 M53.3 M21.7 M
Slightly volatile
Accounts Payable13.1 M12.5 M4.9 M
Slightly volatile
Non Current Assets Total34 M47.8 M35.2 M
Slightly volatile
Non Currrent Assets Other167.5 K176.3 K371.5 K
Pretty Stable
Net Receivables2.5 M4.5 MM
Slightly volatile
Common Stock Shares Outstanding217.7 M207.3 M69 M
Slightly volatile
Liabilities And Stockholders Equity84.1 M141.7 M92.2 M
Slightly volatile
Non Current Liabilities TotalM5.3 M23 M
Pretty Stable
Other Stockholder Equity876.1 M834.4 M281.7 M
Slightly volatile
Total Liabilities38.4 M58.6 M42 M
Slightly volatile
Total Current Assets52.1 M93.8 M57.1 M
Slightly volatile
Short and Long Term Debt Total23.7 M29 M24.5 M
Slightly volatile
Other Current Liabilities9.2 M12.4 M9.5 M
Slightly volatile
Cash29 M35.8 M30.1 M
Slightly volatile
Cash And Short Term Investments29 M35.8 M30.1 M
Slightly volatile
Short Term Investments399.1 M380.1 M316.4 M
Slightly volatile
Other Current Assets7.7 M8.1 M17.4 M
Pretty Stable
Short Term Debt24.9 M23.7 M6.1 M
Slightly volatile
Property Plant And Equipment Net50.1 M47.7 M12.5 M
Slightly volatile
Common Stock Total Equity200 K190.4 K91.4 K
Slightly volatile
Property Plant And Equipment Gross59.7 M56.8 M14.5 M
Slightly volatile
Common Stock300.3 K286 K104.5 K
Slightly volatile
Inventory47.7 M45.4 M9.3 M
Slightly volatile
Long Term Debt32.2 M28.4 M23.5 M
Slightly volatile
Long Term Debt Total46.5 M44.3 M17.7 M
Slightly volatile
Capital Surpluse888.8 M846.5 M281.7 M
Slightly volatile
Property Plant Equipment26 M24.7 M8.6 M
Slightly volatile
Short and Long Term Debt24.4 M23.2 M7.6 M
Slightly volatile
Other Assets0.951.022.4 M
Pretty Stable
Capital Stock156 K286 K98.2 K
Slightly volatile
Other Liabilities1.7 M1.8 M16.7 M
Slightly volatile
Deferred Long Term Liabilities17.5 M19.7 M21.4 M
Slightly volatile

Workhorse Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Selling General Administrative56.7 M54 M20.2 M
Slightly volatile
Other Operating Expenses124.3 M118.4 M66.5 M
Slightly volatile
Selling And Marketing Expenses13.9 M13.2 M8.8 M
Slightly volatile
Cost Of Revenue21.7 M38.4 M21.2 M
Slightly volatile
Research Development25.7 M24.5 M9.5 M
Slightly volatile
Non Recurring662 K629.7 K743.6 K
Slightly volatile
Interest Income35.2 M33.5 M13 M
Slightly volatile
Reconciled Depreciation3.2 MM1.1 M
Slightly volatile

Workhorse Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
End Period Cash Flow45.3 M35.8 M44.2 M
Slightly volatile
Stock Based Compensation14.1 M13.4 M3.9 M
Slightly volatile
Begin Period Cash Flow104.2 M99.3 M45.7 M
Slightly volatile
Depreciation4.3 M4.1 M1.1 M
Slightly volatile
Other Cashflows From Investing Activities2.7 M2.8 M14.8 M
Slightly volatile
Dividends Paid33.2 M35 M99.5 B
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Dividend Yield0.450.46954.2067
Pretty Stable
Average Payables11.5 M11 M6.1 M
Slightly volatile
Inventory Turnover0.80.84463.905
Pretty Stable
Days Of Inventory On Hand254432213
Very volatile
Payables Turnover2.583.07883.3903
Slightly volatile
Sales General And Administrative To Revenue29.4733.9229.0671
Pretty Stable
Average Inventory5.2 M8.5 M5.5 M
Slightly volatile
Cash Per Share0.160.17290.7271
Slightly volatile
Capex To Operating Cash Flow0.160.15190.052
Slightly volatile
Days Payables Outstanding113119942
Slightly volatile
Current Ratio1.621.76092.3195
Slightly volatile
Graham Number2.212.32223.1915
Slightly volatile
Average Receivables8.1 M7.8 M2.6 M
Slightly volatile
Interest Debt Per Share0.170.18210.4823
Very volatile
Debt To Assets0.190.20480.5686
Slightly volatile
Days Of Payables Outstanding113119942
Slightly volatile
Quick Ratio0.780.75671.0624
Slightly volatile
Cash Ratio0.740.67280.9983
Slightly volatile
Days Of Inventory Outstanding254432213
Very volatile
Free Cash Flow Operating Cash Flow Ratio0.831.15191.03
Pretty Stable
Capital Expenditure Coverage Ratio6.256.5832K
Pretty Stable
Debt Ratio0.190.20480.5686
Slightly volatile

Workhorse Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap70.9 M74.6 M231.8 M
Slightly volatile
Enterprise Value64.4 M67.8 M226.2 M
Pretty Stable

Workhorse Fundamental Market Drivers

Cash And Short Term Investments35.8 M

Workhorse Upcoming Events

6th of March 2024
Upcoming Quarterly Report
View
20th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
6th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Workhorse Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Workhorse income statement, its balance sheet, and the statement of cash flows. Workhorse investors use historical funamental indicators, such as Workhorse's revenue or net income, to determine how well the company is positioned to perform in the future. Although Workhorse investors may use each financial statement separately, they are all related. The changes in Workhorse's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Workhorse's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Workhorse Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Workhorse. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue4.7 M2.5 M
Cost Of Revenue38.4 M21.7 M
Total Revenue13.1 M13.7 M
Stock Based Compensation To Revenue 1.03  0.97 
Sales General And Administrative To Revenue 33.92  29.47 
Research And Ddevelopement To Revenue 1.87  1.78 
Capex To Revenue(1.43)(1.50)
Revenue Per Share 0.06  0.07 
Ebit Per Revenue(8.04)(7.64)

Workhorse Implied Volatility

    
  0.0  
Workhorse's implied volatility exposes the market's sentiment of Workhorse Group stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Workhorse's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Workhorse stock will not fluctuate a lot when Workhorse's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Workhorse in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Workhorse's short interest history, or implied volatility extrapolated from Workhorse options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Workhorse Group is a strong investment it is important to analyze Workhorse's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Workhorse's future performance. For an informed investment choice regarding Workhorse Stock, refer to the following important reports:
Check out the analysis of Workhorse Correlation against competitors.
Note that the Workhorse Group information on this page should be used as a complementary analysis to other Workhorse's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for Workhorse Stock analysis

When running Workhorse's price analysis, check to measure Workhorse's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Workhorse is operating at the current time. Most of Workhorse's value examination focuses on studying past and present price action to predict the probability of Workhorse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workhorse's price. Additionally, you may evaluate how the addition of Workhorse to your portfolios can decrease your overall portfolio volatility.
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Is Workhorse's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Workhorse. If investors know Workhorse will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Workhorse listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
190.435
Earnings Share
(0.60)
Revenue Per Share
0.063
Quarterly Revenue Growth
0.278
Return On Assets
(0.40)
The market value of Workhorse Group is measured differently than its book value, which is the value of Workhorse that is recorded on the company's balance sheet. Investors also form their own opinion of Workhorse's value that differs from its market value or its book value, called intrinsic value, which is Workhorse's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Workhorse's market value can be influenced by many factors that don't directly affect Workhorse's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Workhorse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workhorse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workhorse's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.