Electric truck maker Workhorse's Q4 revenue surges

Workhorse

31/03/2026 21:16

Overview

US electric truck maker's Q4 2025 revenue grew 64% yr/yr to $9.7 mln

Company delivered 65 vehicles in Q4, full-year deliveries more than doubled

Operating loss widened in Q4, impacted by merger-related expenses

Outlook

Company targets $20 mln in annualized cost synergies from merger integration as it exits 2026

Workhorse expects strengthening sales pipeline to support plans for 2026 and beyond

Company continues to evaluate financing alternatives to support growth plan

Company press release: ID:nGNX4s7kxy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$9.7 mln
$3.50 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the auto & truck manufacturers peer group is "buy."

Wall Street's median 12-month price target for Workhorse Group Inc is $7.80, about 166.2% above its March 30 closing price of $2.93

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)