Workhorse (WKHS)
Makes electric commercial trucks, vans, shuttles, and buses for North American fleets.
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Builds electric medium-duty trucks, step vans, shuttles, and buses for North American commercial customers. The current company combines legacy Workhorse vehicles with Motiv Electric Trucks after their December 2025 merger.
Builds electric medium-duty trucks, step vans, shuttles, and buses for North American commercial customers. The company operates an Indiana commercial-scale manufacturing plant and is headquartered in the Detroit area.
Legacy Workhorse focused on last-mile delivery vans. Since the December 2025 merger, Motiv Electric Trucks has been an indirect wholly owned subsidiary, and its accounting-acquirer status makes Motiv's results the combined company's historical financial statements. The transaction retained Workhorse as the legal issuer and Nasdaq listing.
Manufacturing execution, supplier and capital availability, customer adoption, Nasdaq listing compliance, and Motiv integration shape the business.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $9.6M · Total debt $27.9M · Total assets $110.1M · Shareholders' equity $7.2M
- Revenue
- $3.6M
- Operating income
- −$19.4M
- Net income
- −$20.2M
No dividends on record.
| Institutions | 4.39% | 479.6K shares | |
|---|---|---|---|
| 65 holders · as of Jun 30, 2026 | |||
| Insiders | 10.52% | 1.15M shares | |
| 20 holders · as of Jul 21, 2026 | |||
| Strategic holders | 60.66% | 6.63M shares | |
| 1 holder · as of Dec 29, 2025 | |||
| Other | 24.43% | 2.67M shares | |
| remainder | |||
10.93M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
2 positions filed across a stock split leave their adjustment unstated and stay out of the bar.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Motive GM Holdings II, LLCStrategic10 percent owner | 60.66% | 6.63M | filed Dec 29, 2025 |
Scott W. GriffithInsiderdirector, officer: Chief Executive Officer | 5.15% | 562,500 | filed Jul 21, 2026 |
Vanguard Capital Management LLCInstitution | 2.76% | 301,233 | as of Jun 30, 2026 |
Joshua Joseph AndersonInsiderofficer: Executive VP, Operations | 0.86% | 93,854 | filed Jul 21, 2026 |
Jody DavisInsiderofficer: Chief Financial Officer | 0.86% | 93,750 | filed Jul 21, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 15, 2025 | William G. Iii Quigley | director | −5,051 | $6.51 |
| Dec 15, 2025 | Austin Scott Miller | director | −5,051 | $6.51 |
| Dec 15, 2025 | Pamela S. Mader | director | −5,051 | $6.51 |
| Dec 15, 2025 | Richard F. Dauch | director, officer: Chief Executive Officer | −1,909 | $6.51 |
| Dec 15, 2025 | Raymond Joseph Chess | director | −6,314 | $6.51 |
- PACCAR
Battery-electric Kenworth and Peterbilt commercial trucks
- General Motors
All-electric walk-in delivery vans for commercial fleets
- Ford
Electric commercial vans and upfit platforms for fleet customers
- Xos
Class 5–6 electric step-van and fleet-electrification systems
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Workhorse | $3.08 | +2.67% | $32.7M | — | — | 1.4 | −37.2% |
| PACCAR | $113.82 | −0.79% | $60.39B | 24.1 | 17.2 | 2.2 | −6.8% |
| General Motors | $83.59 | −0.43% | $75.93B | 42.4 | 5.9 | 0.4 | +1.9% |
| Ford | $13.12 | −0.42% | $52.56B | — | 7.4 | 0.3 | −3.8% |
| Xos | $2.55 | +0.20% | $26.0M | — | — | 0.7 | −74.2% |
| Median | 33.3 | 7.4 | 0.5 | −5.3% |