Filing Flows › Workhorse Group (WKHS) › Q1 2025
Workhorse Group (WKHS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Workhorse Group (WKHS) reported revenue of $641K for the first quarter 2025 (Q1 2025), -52% from a year earlier and -67% from the quarter before.
Workhorse Group, Q1 2025: revenue $641K (-52% year over year), net loss $20.6M, operating cash flow −$8.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $641K | -67% | -52% |
| Operating profit | −$12.8M | — | — |
| Net earnings | −$20.6M | — | — |
| Operating cash flow | −$8.2M | — | — |
What changed
Revenue was $641K in Q1 2025, down 52% year over year and down 67% from the previous quarter.
Operating costs exceeded revenue by $12.8M, an operating margin of -2002.9%. Total costs fell 46% while revenue fell 52%. The quarter ended with a net loss of $20.6M, narrower than the previous quarter's $21.2M loss.
Operating cash flow was −$8.2M. Non-cash charges added back $2.0M of depreciation and amortization and $751K of share-based compensation. Working capital and other items added $9.8M. Capital expenditures of $18K exceeded it, leaving free cash flow of −$8.2M.
Questions
What was Workhorse Group's revenue in the first quarter 2025?
Workhorse Group (WKHS) reported revenue of $641K for the first quarter 2025 (Q1 2025), -52% from a year earlier and -67% from the quarter before.
Source: Workhorse Group 10-Q on SEC EDGAR.