Workhorse Group Incorporated (WKHS)

Workhorse Group's stock price has significantly declined by 89.91% over the past six months (July 2025 - January 2026). The share price fell from $8.92 on January 13, 2025, to $5.38 on January 9, 2026, representing a 39.66% drop over that year. In Q3 2025, Workhorse reported revenue of $2.4 million, a slight decrease from $2.5 million in Q3 2024, but the net loss improved significantly to $7.8 million from $25.1 million in Q3 2024; the stock price fell by 6.9% to $0.783 following the announcement. The proposed merger with Motiv Electric Trucks, expected to close in Q4 2025, aims to bring $20 million in additional debt financing and expand market opportunities and was approved by shareholders on November 25, 2025. In March 2025, the company implemented a 1-for-12 reverse stock split. Scott Griffith was appointed as the new CEO on December 15, 2025.

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Workhorse Group, Inc. is a technology company focused on advancing zero-emission commercial vehicles. They design and manufacture battery-electric trucks, fleet charging solutions, and telematics software for optimizing vehicle operations, primarily for last-mile delivery and medium-duty applications. The company operates within the Consumer Cyclical sector, under Vehicles & Parts, Auto Manufacturers, Automotive, and Transportation. Major products include commercial electric vehicles like the W4 CC, W750, W56, and the Argo electric truck and chassis. They also develop the Metron telematics software and were previously involved with drone systems like the HorseFly.

Workhorse Group, Inc. is headquartered in Sharonville, Ohio, USA. The company's vehicles are designed and built in the United States at the Workhorse Ranch in Union City, Indiana. Workhorse Group serves customers across North America, including the United States and Canada.

Workhorse Group's brand reputation has been influenced by a challenging financial performance, with a 95.10% decline in its stock price over the past year. While the company reported an improved net loss in Q3 2025, revenue decreased, and the stock experienced a drop. The merger with Motiv Electric Trucks is anticipated to accelerate growth and broaden the product portfolio. Q3 2025 earnings highlighted positive customer feedback on the W56 trucks and strong operating performance. Q4 2024 earnings also noted positive customer feedback for the W56 model and regulatory approvals for sales in Canada.

Workhorse Group, Inc. has 72 institutional owners and shareholders, collectively holding 672,138 shares, including Renaissance Technologies Llc, Vanguard Group Inc, and BlackRock, Inc. Individual ownership is notably high, with insiders owning 98.91% of the company, compared to 1.09% held by institutional shareholders. Joseph Theodore Lukens Jr. is the largest individual shareholder, possessing 36.06 million shares, which represents 1,805.84% of the company.