Workhorse Group (WKHS) Revenue & Revenue Breakdown

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Workhorse Group Revenue Highlights

Latest Revenue (Y)

$13.09M

Latest Revenue (Q)

$9.15M

Main Segment (Y)

Other Revenues

Workhorse Group Revenue by Period

Workhorse Group Revenue by Year

Date	Revenue	Change
2023-12-31	$13.09M	160.69%
2022-12-31	$5.02M	-689.62%
2021-12-31	$-851.92K	-161.18%
2020-12-31	$1.39M	269.80%
2019-12-31	$376.56K	-50.66%
2018-12-31	$763.17K	-92.96%
2017-12-31	$10.85M	69.08%
2016-12-31	$6.41M	4482.65%
2015-12-31	$139.98K	-21.14%
2014-12-31	$177.50K	-
2013-12-31	$177.50K	-34.77%
2012-12-31	$272.10K	43.18%
2011-12-31	$190.03K	35.06%
2010-12-31	$140.71K	100.00%
2009-12-31	-	100.00%
2008-12-31	-	100.00%
2007-12-31	-	-

Workhorse Group generated $13.09M in revenue during NA 2023, up 160.69% compared to the previous quarter, and up 1715.83% compared to the same period a year ago.

Workhorse Group Revenue by Quarter

Date	Revenue	Change
2024-09-30	$9.15M	986.40%
2024-06-30	$842.44K	-37.10%
2024-03-31	$1.34M	-69.61%
2023-12-31	$4.41M	45.49%
2023-09-30	$3.03M	-23.65%
2023-06-30	$3.97M	134.23%
2023-03-31	$1.69M	-50.88%
2022-12-31	$3.45M	122.59%
2022-09-30	$1.55M	12236.11%
2022-06-30	$12.55K	-12.20%
2022-03-31	$14.30K	-100.72%
2021-12-31	$-2.00M	246.73%
2021-09-30	$-576.60K	-147.94%
2021-06-30	$1.20M	130.85%
2021-03-31	$521.06K	-20.03%
2020-12-31	$651.57K	15.38%
2020-09-30	$564.71K	514.20%
2020-06-30	$91.94K	9.07%
2020-03-31	$84.30K	3124.94%
2019-12-31	$2.61K	-38.61%
2019-09-30	$4.26K	-22.69%
2019-06-30	$5.51K	-98.49%
2019-03-31	$364.18K	1612.75%
2018-12-31	$21.26K	93.35%
2018-09-30	$11.00K	-93.56%
2018-06-30	$170.68K	-69.53%
2018-03-31	$560.23K	-89.84%
2017-12-31	$5.51M	67.84%
2017-09-30	$3.29M	1116.67%
2017-06-30	$270.00K	-84.81%
2017-03-31	$1.78M	-41.48%
2016-12-31	$3.04M	59.40%
2016-09-30	$1.91M	54.38%
2016-06-30	$1.23M	423.14%
2016-03-31	$236.00K	100.00%
2015-12-31	-	-100.00%
2015-09-30	$72.00K	5.91%
2015-06-30	$67.98K	100.00%
2015-03-31	-	-100.00%
2014-12-31	$41.00	100.00%
2014-09-30	-	-100.00%
2014-06-30	$177.46K	100.00%
2014-03-31	-	100.00%
2013-12-31	-	-100.00%
2013-09-30	$177.50K	100.00%
2013-06-30	-	100.00%
2013-03-31	-	-100.00%
2012-12-31	$50.00K	100.00%
2012-09-30	-	-100.00%
2012-06-30	$222.10K	100.00%
2012-03-31	-	100.00%
2011-12-31	-	100.00%
2011-09-30	-	-100.00%
2011-06-30	$107.53K	30.35%
2011-03-31	$82.50K	-41.37%
2010-12-31	$140.71K	100.00%
2010-09-30	-	100.00%
2010-06-30	-	100.00%
2010-03-31	-	100.00%
2009-12-31	-	100.00%
2009-09-30	-	100.00%
2009-06-30	-	100.00%
2009-03-31	-	100.00%
2008-12-31	-	100.00%
2008-09-30	-	100.00%
2008-06-30	-	100.00%
2008-03-31	-	-

Workhorse Group generated $9.15M in revenue during Q3 2024, up 986.40% compared to the previous quarter, and up 230.74% compared to the same period a year ago.

Workhorse Group Revenue Breakdown

Workhorse Group Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 22	Dec 20	Dec 19
Other Revenues	$637.10K	-	-
Automotive	-	$1.29M	$240.28K
Aviation	-	$71.83K	-
Other	-	$35.36K	$136.28K

Workhorse Group's latest annual revenue breakdown by segment (product or service), as of Dec 22: Other Revenues (100.00%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Other Revenues	$339.95K	$653.37K	$771.00K	$458.30K	$598.80K	$338.92K	$398.24K	$212.10K	-	-	-	-	-	-	-	-
Aviation	-	-	-	-	-	-	-	-	-	$22.40K	$11.05K	-	-	$60.78K	-	-
Automotive	-	-	-	-	-	-	-	-	$1.12M	$495.00K	$640.00K	$560.33K	$85.00K	-	$280.00	-
Other	-	-	-	-	-	-	-	-	$82.88K	$3.66K	$523.00	$4.38K	$6.94K	$23.52K	$2.33K	$4.26K

Workhorse Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Other Revenues (100.00%).

Workhorse Group Revenue Breakdown by Country

Quarterly Revenue by Country

Country	Mar 23	Dec 22	Sep 22	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Other Revenues	$338.92K	$398.24K	$212.10K	-	-	-	-	-	-	-	-
Aviation	-	-	-	-	$22.40K	$11.05K	-	-	$60.78K	-	-
Other	-	-	-	$82.88K	$3.66K	$523.00	$4.38K	$6.94K	$23.52K	$2.33K	$4.26K
Automotive	-	-	-	$1.12M	$495.00K	$640.00K	$560.33K	$85.00K	-	$280.00	-

Workhorse Group's latest quarterly revenue breakdown by geography, as of Mar 23: Other Revenues (100.00%).

Workhorse Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
NIO	NIO	$55.62B	$9.91B
XPEV	XPeng	$30.68B	$6.55B
RIVN	Rivian Automotive	$4.43B	$874.00M
PSNY	Polestar Automotive UK	$2.46B	$613.18M
LCID	Lucid Group	$595.27M	-
WKHS	Workhorse Group	$13.09M	$9.15M
GOEV	Canoo	$886.00K	$605.00K
FFIE	Faraday Future Intelligent Electric	$784.00K	$9.00K
AYRO	Ayro	$498.92K	$5.43K
MULN	Mullen Automotive	$366.00K	$65.23K

WKHS Revenue FAQ

What is Workhorse Group’s yearly revenue?

Workhorse Group's yearly revenue for 2023 was $13.09M, representing an increase of 160.69% compared to 2022. The company's yearly revenue for 2022 was $5.02M, representing a decrease of -689.62% compared to 2021. WKHS's yearly revenue for 2021 was $-852K, representing a decrease of -161.18% compared to 2020.

What is Workhorse Group’s quarterly revenue?

Workhorse Group's quarterly revenue for Q3 2024 was $9.15M, a 986.40% increase from the previous quarter (Q2 2024), and a 202.20% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $842.44K, a -37.10% decrease from the previous quarter (Q1 2024), and a -78.76% decrease year-over-year (Q2 2023). WKHS's quarterly revenue for Q1 2024 was $1.34M, a -69.61% decrease from the previous quarter (Q4 2023), and a -20.91% decrease year-over-year (Q1 2023).

What is Workhorse Group’s revenue growth rate?

Workhorse Group's revenue growth rate for the last 3 years (2021-2023) was -1637.08%, and for the last 5 years (2019-2023) was 3377.45%.

What are Workhorse Group’s revenue streams?

Workhorse Group's revenue streams in c 22 are Other Revenues

What is Workhorse Group’s main source of revenue?

For the fiscal year ending Dec 22, the largest source of revenue of Workhorse Group was Other Revenues. This segment made a revenue of $637.1K, representing 100.00% of the company's total revenue.