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Workhorse Group vs Thunder Power Holdings: WKHS and AIEV compared
Workhorse Group is the larger company: $3.6M of revenue in its latest quarter (Q2 2026) against $271K for Thunder Power Holdings (Q2 2026). Thunder Power Holdings is more profitable, with an operating margin of -84.1% against -545.2%.
Where the money goes: WKHS and AIEV
Workhorse Group (WKHS) · Q2 2026
Workhorse Group, Q2 2026: revenue $3.6M (+375% year over year), operating margin -545.2%, net loss $20.2M, operating cash flow −$24.1M. The chart follows the revenue to costs, profit and cash.
Thunder Power Holdings (AIEV) · Q2 2026
Thunder Power Holdings, Q2 2026: revenue $271K, operating margin -84.1%, net loss $431K, operating cash flow −$168K. The chart follows the revenue to costs, profit and cash.
| Workhorse Group (WKHS) | Thunder Power Holdings (AIEV) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $3.6M | $271K |
| Revenue growth, Y/Y | +375% | — |
| Operating margin | -545.2% | -84.1% |
| Net earnings | −$20.2M | −$431K |
| Net margin | -566.3% | -158.9% |
| Operating cash flow | −$24.1M | −$168K |
Where the revenue comes from
Workhorse Group
- Vehicles: $3.4M (95%)
- Services, parts and accessories: $129K (4%)
- Extended warranty revenue: $35K (1%)
Questions
Which is bigger, Workhorse Group or Thunder Power Holdings?
Workhorse Group is the larger company: $3.6M of revenue in its latest quarter (Q2 2026) against $271K for Thunder Power Holdings (Q2 2026).
Is Workhorse Group or Thunder Power Holdings growing faster?
Thunder Power Holdings is more profitable, with an operating margin of -84.1% against -545.2%.
More: Workhorse Group earnings · how Workhorse Group makes money · Thunder Power Holdings earnings · how Thunder Power Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Oct 13, 2026). Fiscal quarters can end on different dates. Not investment advice.