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How Workhorse Group (WKHS) makes money

Workhorse Group (WKHS) made $3.6M of revenue in the second quarter 2026 (Q2 2026), +375% from a year earlier. Vehicles brought in $3.4M (95%); Services, parts and accessories brought in $129K (4%); Extended warranty revenue brought in $35K (1%).

Drawing the Sankey…

Workhorse Group revenue by segment, Q2 2026Workhorse Group revenue by segment, Q2 2026Vehicles$3.4MServices, parts and accessories$129KExtended warranty revenue$35K
Workhorse Group: revenue by line, Q3 2025 to Q2 2026Workhorse Group: revenue by line, Q3 2025 to Q2 2026VehiclesServices, parts and a…Extended warranty rev…Vehicles: $3.4M latest$3.4MServices, parts and accessories: $129K latestExtended warranty revenue: $35K latestQ3 2025Q1 2026Q2 2026
Services, parts and accessories went from 13% of revenue in Q3 2025 to 4% in Q2 2026, the largest shift in the mix.
Workhorse Group revenue by quarterWorkhorse Group revenue by quarter$1.9MQ4 2024$641KQ1 2025$5.7MQ2 2025$2.4MQ3 2025$12.5MQ4 2025$4.3MQ1 2026$3.6MQ2 2026

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Vehicles$3.4M95.4%-20%+419%
Services, parts and accessories$129K3.6%+396%+63%
Extended warranty revenue$35K1.0%+21%+119%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$3.6M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$3.6M+375%
Q1 2026$4.3M+278%
Q4 2025$12.5M+432%
Q3 2025$2.4M-5%
Q2 2025$5.7M+573%
Q1 2025$641K-52%
Q4 2024$1.9M-56%

From Workhorse Group's 10-Q filed Aug 13, 2026 (on EDGAR).

Questions

How does Workhorse Group make money?

Workhorse Group (WKHS) made $3.6M of revenue in the second quarter 2026 (Q2 2026), +375% from a year earlier. Vehicles brought in $3.4M (95%); Services, parts and accessories brought in $129K (4%); Extended warranty revenue brought in $35K (1%).

What is Workhorse Group's biggest business?

Vehicles: $3.4M in the second quarter 2026, 95% of revenue, +419% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.