Workhorse Group (WKHS) Revenue & Revenue Breakdown

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Workhorse Group Revenue Highlights

Latest Revenue (Y)

$21.21M

Latest Revenue (Q)

$2.38M

Main Segment (Y)

Vehicles

Workhorse Group Revenue by Period

Workhorse Group Revenue by Year

Date	Revenue	Change
2025-12-31	$21.21M	220.58%
2024-12-31	$6.62M	-49.47%
2023-12-31	$13.09M	160.69%
2022-12-31	$5.02M	-689.62%
2021-12-31	$-851.92K	-161.18%
2020-12-31	$1.39M	269.80%
2019-12-31	$376.56K	-50.66%
2018-12-31	$763.17K	-92.96%
2017-12-31	$10.85M	69.08%
2016-12-31	$6.41M	4482.65%
2015-12-31	$139.98K	-21.14%
2014-12-31	$177.50K	-
2013-12-31	$177.50K	-34.77%
2012-12-31	$272.10K	43.18%
2011-12-31	$190.03K	35.06%
2010-12-31	$140.71K	100.00%
2009-12-31	-	100.00%
2008-12-31	-	100.00%
2007-12-31	-	-

Workhorse Group generated $21.21M in revenue during NA 2025, up 220.58% compared to the previous quarter, and up 1523.21% compared to the same period a year ago.

Workhorse Group Revenue by Quarter

Date	Revenue	Change
2025-09-30	$2.38M	-57.93%
2025-06-30	$5.67M	784.58%
2025-03-31	$640.92K	-66.70%
2024-12-31	$1.92M	-23.30%
2024-09-30	$2.51M	197.91%
2024-06-30	$842.44K	-37.10%
2024-03-31	$1.34M	-69.61%
2023-12-31	$4.41M	45.49%
2023-09-30	$3.03M	-23.65%
2023-06-30	$3.97M	134.23%
2023-03-31	$1.69M	-50.88%
2022-12-31	$3.45M	122.59%
2022-09-30	$1.55M	12236.11%
2022-06-30	$12.55K	-12.20%
2022-03-31	$14.30K	-100.72%
2021-12-31	$-2.00M	246.73%
2021-09-30	$-576.60K	-147.94%
2021-06-30	$1.20M	130.85%
2021-03-31	$521.06K	-20.03%
2020-12-31	$651.57K	15.38%
2020-09-30	$564.71K	514.20%
2020-06-30	$91.94K	9.07%
2020-03-31	$84.30K	3124.94%
2019-12-31	$2.61K	-38.61%
2019-09-30	$4.26K	-22.69%
2019-06-30	$5.51K	-98.49%
2019-03-31	$364.18K	1612.75%
2018-12-31	$21.26K	93.35%
2018-09-30	$11.00K	-93.56%
2018-06-30	$170.68K	-69.53%
2018-03-31	$560.23K	-89.84%
2017-12-31	$5.51M	67.84%
2017-09-30	$3.29M	1116.67%
2017-06-30	$270.00K	-84.81%
2017-03-31	$1.78M	-41.48%
2016-12-31	$3.04M	59.40%
2016-09-30	$1.91M	54.38%
2016-06-30	$1.23M	423.14%
2016-03-31	$236.00K	100.00%
2015-12-31	-	-100.00%
2015-09-30	$72.00K	5.91%
2015-06-30	$67.98K	100.00%
2015-03-31	-	-100.00%
2014-12-31	$41.00	100.00%
2014-09-30	-	-100.00%
2014-06-30	$177.46K	100.00%
2014-03-31	-	100.00%
2013-12-31	-	-100.00%
2013-09-30	$177.50K	100.00%
2013-06-30	-	100.00%
2013-03-31	-	-100.00%
2012-12-31	$50.00K	100.00%
2012-09-30	-	-100.00%
2012-06-30	$222.10K	100.00%
2012-03-31	-	100.00%
2011-12-31	-	100.00%
2011-09-30	-	-100.00%
2011-06-30	$107.53K	30.35%
2011-03-31	$82.50K	-41.37%
2010-12-31	$140.71K	100.00%
2010-09-30	-	100.00%
2010-06-30	-	100.00%
2010-03-31	-	100.00%
2009-12-31	-	100.00%
2009-09-30	-	100.00%
2009-06-30	-	100.00%
2009-03-31	-	100.00%
2008-12-31	-	100.00%
2008-09-30	-	100.00%
2008-06-30	-	100.00%
2008-03-31	-	-

Workhorse Group generated $2.38M in revenue during Q3 2025, up -57.93% compared to the previous quarter, and up 283.11% compared to the same period a year ago.

Workhorse Group Revenue Breakdown

Workhorse Group Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 22	Dec 20	Dec 19
Extended Warranty Revenue	$101.00K	-	-	-
Vehicles	$20.76M	-	-	-
Other Revenues	-	$637.10K	-	-
Automotive	-	-	$1.29M	$240.28K
Other	-	-	$35.36K	$136.28K
Aviation	-	-	$71.83K	-

Workhorse Group's latest annual revenue breakdown by segment (product or service), as of Dec 25: Vehicles (99.52%), and Extended Warranty Revenue (0.48%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Other Revenues	$339.95K	$653.37K	$771.00K	$458.30K	$598.80K	$338.92K	$398.24K	$212.10K	-	-	-	-	-	-	-	-
Automotive	-	-	-	-	-	-	-	-	$1.12M	$495.00K	$640.00K	$560.33K	$85.00K	-	$280.00	-
Other	-	-	-	-	-	-	-	-	$82.88K	$3.66K	$523.00	$4.38K	$6.94K	$23.52K	$2.33K	$4.26K
Aviation	-	-	-	-	-	-	-	-	-	$22.40K	$11.05K	-	-	$60.78K	-	-

Workhorse Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Other Revenues (100.00%).

Workhorse Group Revenue Breakdown by Country

Quarterly Revenue by Country

Country	Mar 23	Dec 22	Sep 22	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Other Revenues	$338.92K	$398.24K	$212.10K	-	-	-	-	-	-	-	-
Automotive	-	-	-	$1.12M	$495.00K	$640.00K	$560.33K	$85.00K	-	$280.00	-
Other	-	-	-	$82.88K	$3.66K	$523.00	$4.38K	$6.94K	$23.52K	$2.33K	$4.26K
Aviation	-	-	-	-	$22.40K	$11.05K	-	-	$60.78K	-	-

Workhorse Group's latest quarterly revenue breakdown by geography, as of Mar 23: Other Revenues (100.00%).

Workhorse Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
GORV	Lazydays	$871.56M	$101.43M
YJ	Yunji	$640.21M	$127.86M
SOND	Sonder	$621.27M	$147.09M
INEO	INNEOVA	$59.52M	$13.95M
CREV	Carbon Revolution Public Limited Ordinary Shares	$38.26M	-
FLYE	Fly-E Group	$32.21M	$3.91M
WKHS	Workhorse Group	$21.21M	$2.38M
CENN	Cenntro Electric Group	$18.08M	$4.57M
LOBO	Lobo EV	$15.47M	$3.67M
AIEV	Thunder Power	-	-

WKHS Revenue FAQ

What is Workhorse Group’s yearly revenue?

Workhorse Group's yearly revenue for 2025 was $21.21M, representing an increase of 220.58% compared to 2024. The company's yearly revenue for 2024 was $6.62M, representing a decrease of -49.47% compared to 2023. WKHS's yearly revenue for 2023 was $13.09M, representing an increase of 160.69% compared to 2022.

What is Workhorse Group’s quarterly revenue?

Workhorse Group's quarterly revenue for Q3 2025 was $2.38M, a -57.93% decrease from the previous quarter (Q2 2025), and a -4.97% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $5.67M, a 784.58% increase from the previous quarter (Q1 2025), and a 572.98% increase year-over-year (Q2 2024). WKHS's quarterly revenue for Q1 2025 was $640.92K, a -66.70% decrease from the previous quarter (Q4 2024), and a -52.14% decrease year-over-year (Q1 2024).

What is Workhorse Group’s revenue growth rate?

Workhorse Group's revenue growth rate for the last 3 years (2023-2025) was 61.98%, and for the last 5 years (2021-2025) was -2589.78%.

What are Workhorse Group’s revenue streams?

Workhorse Group's revenue streams in c 25 are Extended Warranty Revenue, and Vehicles. Extended Warranty Revenue generated $101K in revenue, accounting 0.48% of the company's total revenue Vehicles generated $20.76M in revenue, accounting 99.52% of the company's total revenue

What is Workhorse Group’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Workhorse Group was Vehicles. This segment made a revenue of $20.76M, representing 99.52% of the company's total revenue.