3.32
+7.44%
Close of 9 Nov 2026, in USD
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About Workhorse Group
From its filings with the US Securities and Exchange Commission
Workhorse Group is based in Wixom, Michigan and is incorporated in Nevada. Its shares trade on Nasdaq under the ticker WKHS. The SEC classifies its business as motor vehicles & passenger car bodies. In the fiscal year to 31 December 2025, it reported revenue of $21.2m and a net loss of $64.1m. At that date it held total assets of $117.9m and shareholders' equity of $43.0m.
Workhorse Group Inc. (“Workhorse”, the “Company”, “we”, “us”, or “our”) is a North American manufacturer of medium-duty electric trucks and buses. Our primary focus is to provide sustainable and cost-effective solutions to the commercial transportation sector. We design and manufacture all-electric vehicles, including the technology that optimizes the way that these vehicles operate. The company’s best-in-class vehicles are designed for last-mile delivery, medium-duty operations, and a growing range of specialized applications.
We are an American-based Original Equipment Manufacturer (“OEM”), and our products are marketed under the Workhorse® and Motiv® brands. Our vehicles are assembled in our Union City, IN production facility, or by contract manufacturers, using domestic and globally-sourced components.
We continue to seek opportunities to grow the business organically, and by expanding relationships with existing and new customers and dealers. We believe we are well positioned to take advantage of long-term opportunities and continue our efforts to bring product innovations to market.
Quoted from its 10-K, filed 31 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Consumer Discretionary
- Industry
- Automobiles
- Listed since
- 14 Jul 2009
- Employees
- 81
- Website
- workhorse.com ↗
- Head office
- 48443 ALPHA DRIVE #190, WIXOM, MI, 48393
- Incorporated in
- NV
- Classification
- Motor Vehicles & Passenger Car Bodies
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Raymond ChessIndependent Chairman of the Board$225,000
- Mr. Richard DauchChief Executive Officer, Director, since 2021$3.4m
- Mr. Robert GinnanChief Financial Officer$880,483
- Mr. Ryan GaulPresident - Commercial Trucks
- Mr. Joshua AndersonChief Technology Officer$856,970
- Mr. James HarringtonChief Compliance Officer, General Counsel, Secretary$828,059
- Mr. Stanley MarchVice President - Corporate Development and Communications
- Mr. James PetersVice President - Supply Chain Management
- Mr. Alan HenricksDirector
- Dr. Jean BottiIndependent Director$150,000
- Ms. Jacqueline DedoIndependent Director$175,000
- Ms. Pamela MaderIndependent Director$175,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 44
- Environment
- 21
- Social
- 55
- Governance
- 56
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Workhorse Group designs high-performance electric vehicles for commercial fleets in the US market.
- The company's C-Series delivery trucks offer multiple size configurations from 450 to 1,000 cubic feet.
- Workhorse's HorseFly UAS delivers packages using custom-designed unmanned aerial systems.
Weaknesses
- Workhorse has only 81 full-time employees, limiting operational capacity.
- The company's IPO in 2009 has not led to significant market expansion.
- Ryder System, Inc. is the primary distributor, creating dependency risk.
Opportunities
- The growing demand for electric delivery vehicles in the commercial transportation sector presents opportunities.
- Workhorse's telematics systems can be expanded to new fleet management applications.
- The US market shows potential for increased adoption of electric medium-duty trucks.
Threats
- Ryder System, Inc. could reduce its partnership with Workhorse, affecting sales.
- The commercial vehicle market faces increasing competition from established automakers.
- Electric vehicle technology advancements may require significant R&D investment.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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