Workhorse Group annual r&d spending
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Workhorse Group R&D Spending Growth & History (WKHS)
Workhorse Group's r&d spending was $13.2M for fiscal 2025.
View full Workhorse Group company overviewWorkhorse Group annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $13.2M | $272,000 | +2.11% |
| 2024 | 2024-12-31 | $12.9M | −$11.6M | −47.31% |
| 2023 | 2023-12-31 | $24.5M | $1.3M | +5.40% |
| 2022 | 2022-12-31 | $23.2M | $11.6M | +99.94% |
| 2021 | 2021-12-31 | $11.6M | $2.5M | +26.90% |
| 2020 | 2020-12-31 | $9.1M | $949,857 | +11.58% |
| 2019 | 2019-12-31 | $8.2M | $807,381 | +10.92% |
| 2018 | 2018-12-31 | $7.4M | −$10.3M | −58.33% |
| 2017 | 2017-12-31 | $17.7M | $11.6M | +188.62% |
| 2016 | 2016-12-31 | $6.1M | $1.4M | +29.65% |
| 2015 | 2015-12-31 | $4.7M | $1.3M | +37.93% |
| 2014 | 2014-12-31 | $3.4M | $544,246 | +18.82% |
| 2013 | 2013-12-31 | $2.9M | $815,505 | +39.26% |
| 2012 | 2012-12-31 | $2.1M | −$2.8M | −57.04% |
| 2011 | 2011-12-31 | $4.8M | — | — |
Workhorse Group quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $4.1M | $911,000 | +28.50% |
| Q1 2026 | 2026-03-31 | $4.1M | $409,000 | +11.17% |
| Q4 2025 | 2025-12-31 | $5.2M | $171,482 | +3.39% |
| Q3 2025 | 2025-09-30 | $1.1M | −$1.2M | −53.42% |
| Q2 2025 | 2025-06-30 | $3.2M | $1.2M | +60.43% |
| Q1 2025 | 2025-03-31 | $3.7M | $132,089 | +3.74% |
| Q4 2024 | 2024-12-31 | $5.1M | −$1.4M | −21.13% |
| Q3 2024 | 2024-09-30 | $2.3M | −$3.5M | −59.92% |
| Q2 2024 | 2024-06-30 | $2.0M | −$3.1M | −60.62% |
| Q1 2024 | 2024-03-31 | $3.5M | −$3.7M | −51.17% |
| Q4 2023 | 2023-12-31 | $6.4M | −$1.6M | −20.33% |
| Q3 2023 | 2023-09-30 | $5.8M | −$355,363 | −5.80% |
| Q2 2023 | 2023-06-30 | $5.1M | $32,684 | +0.65% |
| Q1 2023 | 2023-03-31 | $7.2M | $3.2M | +80.08% |
| Q4 2022 | 2022-12-31 | $8.0M | $5.2M | +185.27% |
| Q3 2022 | 2022-09-30 | $6.1M | $3.3M | +118.71% |
| Q2 2022 | 2022-06-30 | $5.0M | $2.9M | +136.69% |
| Q1 2022 | 2022-03-31 | $4.0M | $148,219 | +3.84% |
| Q4 2021 | 2021-12-31 | $2.8M | −$1.2M | −29.75% |
| Q3 2021 | 2021-09-30 | $2.8M | $1.2M | +73.52% |
| Q2 2021 | 2021-06-30 | $2.1M | $507,256 | +31.38% |
| Q1 2021 | 2021-03-31 | $3.9M | $2.0M | +103.11% |
| Q4 2020 | 2020-12-31 | $4.0M | $35,988 | +0.90% |
| Q3 2020 | 2020-09-30 | $1.6M | −$25,969 | −1.58% |
| Q2 2020 | 2020-06-30 | $1.6M | $399,877 | +32.86% |
| Q1 2020 | 2020-03-31 | $1.9M | $539,961 | +39.64% |
| Q4 2019 | 2019-12-31 | $4.0M | $2.3M | +132.75% |
| Q3 2019 | 2019-09-30 | $1.6M | $190,957 | +13.17% |
| Q2 2019 | 2019-06-30 | $1.2M | −$677,985 | −35.78% |
| Q1 2019 | 2019-03-31 | $1.4M | −$975,356 | −41.72% |
| Q4 2018 | 2018-12-31 | $1.7M | −$1.9M | −52.49% |
| Q3 2018 | 2018-09-30 | $1.4M | −$3.6M | −71.49% |
| Q2 2018 | 2018-06-30 | $1.9M | −$3.9M | −67.40% |
| Q1 2018 | 2018-03-31 | $2.3M | −$905,691 | −27.92% |
| Q4 2017 | 2017-12-31 | $3.6M | $1.7M | +87.27% |
| Q3 2017 | 2017-09-30 | $5.1M | $4.1M | +396.30% |
| Q2 2017 | 2017-06-30 | $5.8M | $5.6M | +2145.51% |
| Q1 2017 | 2017-03-31 | $3.2M | $302,382 | +10.28% |
| Q4 2016 | 2016-12-31 | $1.9M | $646,610 | +50.72% |
| Q3 2016 | 2016-09-30 | $1.0M | −$721,511 | −41.32% |
| Q2 2016 | 2016-06-30 | $258,798 | −$613,436 | −70.33% |
| Q1 2016 | 2016-03-31 | $2.9M | $2.1M | +247.16% |
| Q4 2015 | 2015-12-31 | $1.3M | $202,918 | +18.93% |
| Q3 2015 | 2015-09-30 | $1.7M | $850,312 | +94.94% |
| Q2 2015 | 2015-06-30 | $872,234 | −$27,428 | −3.05% |
| Q1 2015 | 2015-03-31 | $847,133 | $277,778 | +48.79% |
| Q4 2014 | 2014-12-31 | $1.1M | $465,196 | +76.66% |
| Q3 2014 | 2014-09-30 | $895,669 | $333,244 | +59.25% |
| Q2 2014 | 2014-06-30 | $899,662 | −$95,044 | −9.55% |
| Q1 2014 | 2014-03-31 | $569,355 | −$159,150 | −21.85% |
| Q4 2013 | 2013-12-31 | $606,869 | $154,869 | +34.26% |
| Q3 2013 | 2013-09-30 | $562,425 | $113,425 | +25.26% |
| Q2 2013 | 2013-06-30 | $994,706 | $459,706 | +85.93% |
| Q1 2013 | 2013-03-31 | $728,505 | $87,505 | +13.65% |
| Q4 2012 | 2012-12-31 | $452,000 | — | — |
| Q3 2012 | 2012-09-30 | $449,000 | −$1.0M | −69.27% |
| Q2 2012 | 2012-06-30 | $535,000 | −$602,000 | −52.95% |
| Q1 2012 | 2012-03-31 | $641,000 | — | — |
| Q3 2011 | 2011-09-30 | $1.5M | — | — |
| Q2 2011 | 2011-06-30 | $1.1M | — | — |
Workhorse Group r&d spending trends
Over the last five fiscal years, Workhorse Group's r&d spending increased from $9.1M to $13.2M, a change of $4.0M. The latest reported quarter, Q2 2026, shows $4.1M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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