Filing Flows › Workhorse Group (WKHS) › Q2 2025
Workhorse Group (WKHS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 15, 2025
Workhorse Group (WKHS) reported revenue of $5.7M for the second quarter 2025 (Q2 2025), +573% from a year earlier and +785% from the quarter before. Operating margin was -255.3%, net loss $14.8M (260.7% of revenue).
Workhorse Group, Q2 2025: revenue $5.7M (+573% year over year), operating margin -255.3%, net loss $14.8M, operating cash flow −$5.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.7M | +785% | +573% |
| Operating profit | −$14.5M | — | — |
| Net earnings | −$14.8M | — | — |
| Operating cash flow | −$5.9M | — | — |
What changed
Revenue was $5.7M in Q2 2025, up 573% year over year and up 785% from the previous quarter.
Operating costs exceeded revenue by $14.5M, an operating margin of -255.3%. Total costs fell 6% while revenue rose 573%. The fastest-growing cost line was Cost of revenue (+79%). The quarter ended with a net loss of $14.8M, narrower than the previous quarter's $20.6M loss.
Operating cash flow was −$5.9M. Non-cash charges added back $1.8M of depreciation and amortization and $389K of share-based compensation. Working capital and other items added $6.7M. Capital expenditures of −$18K exceeded it, leaving free cash flow of −$5.9M.
Questions
What was Workhorse Group's revenue in the second quarter 2025?
Workhorse Group (WKHS) reported revenue of $5.7M for the second quarter 2025 (Q2 2025), +573% from a year earlier and +785% from the quarter before.
Was Workhorse Group profitable in the second quarter 2025?
Operating loss was $14.5M (-255.3% of revenue) and net loss $14.8M.
Source: Workhorse Group 10-Q on SEC EDGAR.