Filing Flows › Workhorse Group (WKHS) › Q4 2024
Workhorse Group (WKHS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Workhorse Group (WKHS) reported revenue of $1.9M for the fourth quarter 2024 (Q4 2024), -56% from a year earlier and -23% from the quarter before. Operating margin was -803.9%.
Workhorse Group, Q4 2024: revenue $1.9M (-56% year over year), operating margin -803.9%, net loss $21.2M, operating cash flow −$7.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9M | -23% | -56% |
| Operating profit | −$15.5M | — | — |
| Net earnings | −$21.2M | — | — |
| Operating cash flow | −$7.5M | — | — |
What changed
Revenue was $1.9M in Q4 2024, down 56% year over year and down 23% from the previous quarter.
Operating costs exceeded revenue by $15.5M, an operating margin of -803.9%. Total costs fell 56% while revenue fell 56%. The quarter ended with a net loss of $21.2M, narrower than the previous quarter's $25.1M loss.
Operating cash flow was −$7.5M. Non-cash charges added back $1.9M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $9.9M. Capital expenditures of $37K exceeded it, leaving free cash flow of −$7.5M.
Questions
What was Workhorse Group's revenue in the fourth quarter 2024?
Workhorse Group (WKHS) reported revenue of $1.9M for the fourth quarter 2024 (Q4 2024), -56% from a year earlier and -23% from the quarter before.
Was Workhorse Group profitable in the fourth quarter 2024?
Operating loss was $15.5M (-803.9% of revenue) and net loss $21.2M.
Source: Workhorse Group 10-K on SEC EDGAR.