Stock events for Workhorse Group, Inc. (WKHS)
The past six months have seen several significant events impacting Workhorse Group, Inc.'s stock price. The merger with Motiv Electric Trucks was completed by December 15, 2025. In Q3 2025, the company reported a net loss of $7.8 million and a decrease in revenue to $2.4 million. The company also reported a gain of $13.8 million from the sale-leaseback of its Union City facility and an increase in cash and cash equivalents to $38.2 million. Earlier, Workhorse reported record shipments of 32 trucks in Q2 2025. The stock price has experienced a significant decline, losing approximately 65% since November 30, 2025, due to financial losses, tight liquidity, competition, and merger integration hurdles. Workhorse also underwent a reverse stock split, with news of the plan and the stock sliding ahead of a 1-for-12 split around December 2025/January 2026. Despite these challenges, a price target increase for WKHS was noted on December 21, 2025.
Demand Seasonality affecting Workhorse Group, Inc.’s stock price
There is no explicit information available regarding specific demand seasonality for Workhorse Group, Inc.'s products and services. However, the company operates in the commercial vehicle procurement market, which can experience demand cyclicality.
Overview of Workhorse Group, Inc.’s business
Workhorse Group, Inc. is a technology company focused on transitioning to zero-emission commercial vehicles, operating in the Consumer Cyclical sector. It designs and manufactures electric trucks and fleet charging solutions for medium-duty fleet applications and last-mile delivery. Its major products include electric trucks such as the W56 step vans, the Argo electric truck and Argo chassis, which integrate proprietary battery, drivetrain, and cab systems. Workhorse also offers the Metron telematics software system, designed to track vehicle performance. In 2025, Workhorse merged with Motiv Electric Trucks to increase scale, expand its product portfolio, and enhance operational efficiencies.
WKHS’s Geographic footprint
Workhorse Group designs and builds its vehicles in the United States at the Workhorse Ranch in Union City, Indiana. The company's headquarters are located in Loveland, Ohio. Workhorse serves customers across the United States and Canada.
WKHS Corporate Image Assessment
Workhorse Group's brand reputation has been influenced by its efforts in the zero-emission commercial vehicle market and its merger. The company is focused on providing sustainable solutions to the commercial transportation sector. The merger with Motiv Electric Trucks was presented as a move to strengthen the company's position. However, the company's financial struggles and the slow adoption rate for electric vehicles have likely put pressure on its reputation. Workhorse faced SEC and Department of Justice investigations related to the USPS contract in 2021, which were resolved by the end of 2022.
Ownership
Workhorse Group, Inc. has a notable institutional presence, with 69 institutional owners and shareholders holding a total of 81,689 shares as of February 19, 2026. Major institutional shareholders include Susquehanna International Group, Llp, BlackRock, Inc., Vanguard Group Inc, Geode Capital Management, Llc, Belvedere Trading LLC, UBS Group AG, Bnp Paribas Arbitrage, Sa, Group One Trading, L.p., and Tower Research Capital LLC (TRC). Institutional ownership percentages vary across sources, ranging from 0.78% to 15.98% of shares outstanding. Individual investors and insiders hold a significant portion, with some reports indicating 1.91% to 62.78% of the stock held by insiders and individuals.
