Workhorse Group annual operating expenses
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Workhorse Group Operating Expenses Growth & History (WKHS)
Workhorse Group's operating expenses was $37.9M for fiscal 2025.
View full Workhorse Group company overviewWorkhorse Group annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $37.9M | $2.7M | +7.68% |
| 2024 | 2024-12-31 | $35.2M | −$44.9M | −56.04% |
| 2023 | 2023-12-31 | $80.0M | −$16.4M | −17.00% |
| 2022 | 2022-12-31 | $96.4M | $44.7M | +86.27% |
| 2021 | 2021-12-31 | $51.8M | $22.5M | +76.65% |
| 2020 | 2020-12-31 | $29.3M | $10.9M | +59.29% |
| 2019 | 2019-12-31 | $18.4M | −$478,567 | −2.54% |
| 2018 | 2018-12-31 | $18.9M | −$7.7M | −28.92% |
| 2017 | 2017-12-31 | $26.6M | $14.2M | +115.07% |
| 2016 | 2016-12-31 | $12.3M | $3.7M | +43.57% |
| 2015 | 2015-12-31 | $8.6M | $2.2M | +34.66% |
| 2014 | 2014-12-31 | $6.4M | $357,425 | +5.93% |
| 2013 | 2013-12-31 | $6.0M | $1.5M | +32.68% |
| 2012 | 2012-12-31 | $4.5M | −$4.4M | −48.91% |
| 2011 | 2011-12-31 | $8.9M | $3.7M | +72.10% |
| 2010 | 2010-12-31 | $5.2M | — | — |
Workhorse Group quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $11.9M | $4.3M | +55.86% |
| Q1 2026 | 2026-03-31 | $13.6M | $5.6M | +70.17% |
| Q4 2025 | 2025-12-31 | $13.4M | — | — |
| Q3 2025 | 2025-09-30 | $8.8M | −$1.2M | −11.83% |
| Q2 2025 | 2025-06-30 | $7.7M | −$6.4M | −45.47% |
| Q1 2025 | 2025-03-31 | $8.0M | −$9.6M | −54.61% |
| Q3 2024 | 2024-09-30 | $10.0M | −$7.5M | −42.75% |
| Q2 2024 | 2024-06-30 | $14.1M | −$5.0M | −26.25% |
| Q1 2024 | 2024-03-31 | $17.6M | −$4.3M | −19.58% |
| Q4 2023 | 2023-12-31 | $21.5M | −$36,423 | −0.17% |
| Q3 2023 | 2023-09-30 | $17.5M | −$23.4M | −57.12% |
| Q2 2023 | 2023-06-30 | $19.1M | $1.0M | +5.57% |
| Q1 2023 | 2023-03-31 | $21.9M | $6.0M | +37.64% |
| Q4 2022 | 2022-12-31 | $21.6M | $3.1M | +16.55% |
| Q3 2022 | 2022-09-30 | $40.9M | $27.5M | +205.51% |
| Q2 2022 | 2022-06-30 | $18.1M | $8.9M | +97.79% |
| Q1 2022 | 2022-03-31 | $15.9M | $5.2M | +48.12% |
| Q4 2021 | 2021-12-31 | $18.5M | $9.8M | +112.57% |
| Q3 2021 | 2021-09-30 | $13.4M | $5.8M | +76.89% |
| Q2 2021 | 2021-06-30 | $9.1M | $3.6M | +64.03% |
| Q1 2021 | 2021-03-31 | $10.7M | $3.3M | +43.94% |
| Q4 2020 | 2020-12-31 | $8.7M | $1.2M | +15.48% |
| Q3 2020 | 2020-09-30 | $7.6M | $3.4M | +80.46% |
| Q2 2020 | 2020-06-30 | $5.6M | $2.4M | +73.24% |
| Q1 2020 | 2020-03-31 | $7.5M | $4.0M | +116.27% |
| Q4 2019 | 2019-12-31 | $7.5M | $3.1M | +70.26% |
| Q3 2019 | 2019-09-30 | $4.2M | −$620,740 | −12.90% |
| Q2 2019 | 2019-06-30 | $3.2M | −$1.7M | −34.41% |
| Q1 2019 | 2019-03-31 | $3.5M | −$1.3M | −27.11% |
| Q4 2018 | 2018-12-31 | $4.4M | −$680,123 | −13.31% |
| Q3 2018 | 2018-09-30 | $4.8M | −$3.1M | −39.03% |
| Q2 2018 | 2018-06-30 | $4.9M | −$3.5M | −41.78% |
| Q1 2018 | 2018-03-31 | $4.7M | −$405,126 | −7.88% |
| Q4 2017 | 2017-12-31 | $5.1M | $1.7M | +51.67% |
| Q3 2017 | 2017-09-30 | $7.9M | $4.9M | +163.74% |
| Q2 2017 | 2017-06-30 | $8.4M | $6.5M | +348.64% |
| Q1 2017 | 2017-03-31 | $5.1M | $1.0M | +25.07% |
| Q4 2016 | 2016-12-31 | $3.4M | $2.1M | +157.31% |
| Q3 2016 | 2016-09-30 | $3.0M | −$542,686 | −15.35% |
| Q2 2016 | 2016-06-30 | $1.9M | $34,143 | +1.85% |
| Q1 2016 | 2016-03-31 | $4.1M | $2.2M | +114.68% |
| Q4 2015 | 2015-12-31 | $1.3M | −$191,729 | −12.77% |
| Q3 2015 | 2015-09-30 | $3.5M | $1.8M | +108.84% |
| Q2 2015 | 2015-06-30 | $1.8M | −$237,587 | −11.43% |
| Q1 2015 | 2015-03-31 | $1.9M | $800,495 | +71.80% |
| Q4 2014 | 2014-12-31 | $1.5M | $260,790 | +21.03% |
| Q3 2014 | 2014-09-30 | $1.7M | $545,234 | +47.51% |
| Q2 2014 | 2014-06-30 | $2.1M | −$8,416 | −0.40% |
| Q1 2014 | 2014-03-31 | $1.1M | −$440,183 | −28.31% |
| Q4 2013 | 2013-12-31 | $1.2M | $33,662 | +2.79% |
| Q3 2013 | 2013-09-30 | $1.1M | −$135,715 | −10.58% |
| Q2 2013 | 2013-06-30 | $2.1M | $1.2M | +133.42% |
| Q1 2013 | 2013-03-31 | $1.6M | $394,336 | +33.97% |
| Q4 2012 | 2012-12-31 | $1.2M | −$1.1M | −47.80% |
| Q3 2012 | 2012-09-30 | $1.3M | −$837,450 | −39.49% |
| Q2 2012 | 2012-06-30 | $894,125 | −$1.6M | −64.50% |
| Q1 2012 | 2012-03-31 | $1.2M | −$784,725 | −40.34% |
| Q4 2011 | 2011-12-31 | $2.3M | — | — |
| Q3 2011 | 2011-09-30 | $2.1M | $1.1M | +100.93% |
| Q2 2011 | 2011-06-30 | $2.5M | $1.4M | +123.59% |
| Q1 2011 | 2011-03-31 | $1.9M | — | — |
| Q3 2010 | 2010-09-30 | $1.1M | — | — |
| Q2 2010 | 2010-06-30 | $1.1M | — | — |
Workhorse Group operating expenses trends
Over the last five fiscal years, Workhorse Group's operating expenses increased from $29.3M to $37.9M, a change of $8.6M. The latest reported quarter, Q2 2026, shows $11.9M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Workhorse Group source filings ↗