WKHS: Workhorse Group Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Workhorse Group Inc (WKHS).
$28.61M Market Cap.
WKHS Market Cap. (MRY)
WKHS Shares Outstanding (MRY)
WKHS Assets (MRY)
Total Assets
$93.84M
Total Liabilities
$49.55M
Total Investments
$0
WKHS Income (MRY)
Revenue
$6.62M
Net Income
-$101.79M
Operating Expense
$51.66M
WKHS Cash Flow (MRY)
CF Operations
-$47.59M
CF Investing
-$4.06M
CF Financing
$20.45M
WKHS Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $93,840,770 (-33.76%) | $141,674,724 (-22.47%) | $182,742,475 (-19.90%) | $228,138,890 (-63.93%) |
Assets Current | $53,431,820 (-43.05%) | $93,825,478 (-32.67%) | $139,358,267 (-35.55%) | $216,222,366 (-25.57%) |
Assets Non-Current | $40,408,950 (-15.55%) | $47,849,246 (10.29%) | $43,384,208 (264.07%) | $11,916,524 (-96.52%) |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Shareholders Equity | $44,287,925 (-46.71%) | $83,112,171 (-23.46%) | $108,586,931 (-37.84%) | $174,692,773 (-55.80%) |
Property Plant & Equipment Net | $40,232,639 (-15.61%) | $47,672,936 (43.56%) | $33,207,898 (251.90%) | $9,436,659 (-17.21%) |
Cash & Equivalents | $4,644,938 (-87.04%) | $35,845,915 (-63.89%) | $99,276,301 (-50.77%) | $201,647,394 (-16.41%) |
Accumulated Other Comprehensive Income | $0 (0%) | $0 (0%) | $0 (0%) | -$1,402,500 (0%) |
Deferred Revenue | $6,350,581 (34.71%) | $4,714,331 (-12.37%) | $5,380,000 (0%) | $0 (0%) |
Total Investments | $0 (0%) | $0 (0%) | $10,000,000 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $10,000,000 (0%) | $0 (0%) |
Inventory | $41,839,020 (-7.86%) | $45,408,192 (413.08%) | $8,850,142 (-12.09%) | $10,067,367 (-34.91%) |
Trade & Non-Trade Receivables | $1,081,972 (-75.80%) | $4,470,209 (-73.83%) | $17,079,343 (11303.26%) | $149,776 (-85.56%) |
Trade & Non-Trade Payables | $11,509,150 (-7.60%) | $12,456,272 (21.70%) | $10,235,345 (30.39%) | $7,849,607 (63.85%) |
Accumulated Retained Earnings (Deficit) | -$853,358,544 (-13.54%) | -$751,568,251 (-19.74%) | -$627,649,062 (-22.98%) | -$510,374,844 (-368.10%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $16,321,130 (-43.76%) | $29,021,238 (186.63%) | $10,125,094 (-61.44%) | $26,259,767 (-86.81%) |
Debt Current | $12,004,222 (-49.44%) | $23,740,712 (1747.48%) | $1,285,032 (253.31%) | $363,714 (-74.22%) |
Debt Non-Current | $4,316,908 (-18.25%) | $5,280,526 (-40.27%) | $8,840,062 (-65.86%) | $25,896,053 (-86.90%) |
Total Liabilities | $49,552,845 (-15.38%) | $58,562,553 (-21.03%) | $74,155,544 (38.75%) | $53,446,117 (-77.48%) |
Liabilities Current | $45,235,937 (-15.10%) | $53,282,027 (-15.84%) | $63,310,482 (129.80%) | $27,550,064 (56.56%) |
Liabilities Non-Current | $4,316,908 (-18.25%) | $5,280,526 (-51.31%) | $10,845,062 (-58.12%) | $25,896,053 (-88.22%) |
WKHS Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $6,616,358 (-49.47%) | $13,094,752 (160.69%) | $5,023,072 (689.62%) | -$851,922 (-161.18%) |
Cost of Revenue | $28,842,087 (-24.79%) | $38,350,545 (1.80%) | $37,672,308 (-71.57%) | $132,492,110 (913.94%) |
Selling General & Administrative Expense | $42,512,129 (-23.50%) | $55,574,740 (-24.10%) | $73,220,088 (82.32%) | $40,160,795 (99.23%) |
Research & Development Expense | $9,149,055 (-62.61%) | $24,467,933 (5.40%) | $23,213,540 (99.94%) | $11,610,027 (26.90%) |
Operating Expenses | $51,661,184 (-35.46%) | $80,042,673 (-17.00%) | $96,433,628 (86.27%) | $51,770,822 (76.65%) |
Interest Expense | $22,241,781 (154.74%) | $8,731,247 (375.07%) | $1,837,882 (-85.46%) | $12,644,164 (-93.36%) |
Income Tax Expense | -$117,061 (-5.91%) | -$110,524 (0%) | $0 (0%) | -$21,847,089 (-200.06%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$101,790,293 (17.86%) | -$123,919,189 (-5.67%) | -$117,274,218 (70.78%) | -$401,344,813 (-675.19%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | -$101,790,293 (17.86%) | -$123,919,189 (-5.67%) | -$117,274,218 (70.78%) | -$401,344,813 (-675.19%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$101,790,293 (17.86%) | -$123,919,189 (-5.67%) | -$117,274,218 (70.78%) | -$401,344,813 (-675.19%) |
Weighted Average Shares | $1,969,285 (137.50%) | $829,173 (30.72%) | $634,305 (23.24%) | $514,705 (38.55%) |
Weighted Average Shares Diluted | $1,969,285 (137.50%) | $829,173 (30.72%) | $634,305 (23.24%) | $514,705 (28.74%) |
Earning Before Interest & Taxes (EBIT) | -$79,665,573 (30.90%) | -$115,298,466 (0.12%) | -$115,436,336 (71.88%) | -$410,547,738 (-245.52%) |
Gross Profit | -$22,225,729 (12.00%) | -$25,255,793 (22.65%) | -$32,649,236 (75.52%) | -$133,344,032 (-1042.17%) |
Operating Income | -$73,886,913 (29.83%) | -$105,298,466 (18.43%) | -$129,082,864 (30.27%) | -$185,114,854 (-351.71%) |
WKHS Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$4,064,293 (78.25%) | -$18,687,451 (6.65%) | -$20,019,519 (-120.06%) | $99,812,549 (1842.50%) |
Net Cash Flow from Financing | $20,453,340 (-73.87%) | $78,281,114 (582.66%) | $11,467,090 (268.21%) | -$6,817,119 (-102.33%) |
Net Cash Flow from Operations | -$47,590,024 (61.32%) | -$123,024,049 (-31.13%) | -$93,818,664 (29.23%) | -$132,577,103 (-88.64%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$31,200,977 (50.81%) | -$63,430,386 (38.04%) | -$102,371,093 (-158.63%) | -$39,581,673 (-118.29%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | -$5,000,000 (-104.76%) | $105,126,747 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$4,064,293 (78.25%) | -$18,687,451 (-24.42%) | -$15,019,519 (-182.63%) | -$5,314,198 (7.23%) |
Issuance (Repayment) of Debt Securities | $13,287,440 (-20.05%) | $16,620,556 (2038.22%) | -$857,516 (0%) | $0 (0%) |
Issuance (Purchase) of Equity Shares | $7,165,900 (-88.38%) | $61,660,558 (400.30%) | $12,324,606 (378.26%) | -$4,429,163 (-108.27%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $10,060,997 (-25.04%) | $13,422,135 (17.12%) | $11,460,211 (131.83%) | $4,943,380 (22.95%) |
Depreciation Amortization & Accretion | $8,261,650 (48.34%) | $5,569,485 (83.35%) | $3,037,685 (59.17%) | $1,908,419 (135.71%) |
WKHS Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | -335.90% (-74.13%) | -192.90% (70.32%) | -650.00% (-104.15%) | 15652.10% (1966.90%) |
Profit Margin | -1538.50% (-62.58%) | -946.30% (59.47%) | -2334.70% (-104.96%) | 47110.50% (840.18%) |
EBITDA Margin | -1079.20% (-28.78%) | -838.00% (62.55%) | -2237.60% (-104.66%) | 47966.80% (136.07%) |
Return on Average Equity (ROAE) | -187.10% (-53.99%) | -121.50% (-44.99%) | -83.80% (57.51%) | -197.20% (-305.20%) |
Return on Average Assets (ROAA) | -98.20% (-28.03%) | -76.70% (-28.26%) | -59.80% (44.37%) | -107.50% (-428.75%) |
Return on Sales (ROS) | -1204.10% (-36.75%) | -880.50% (61.69%) | -2298.10% (-104.77%) | 48190.80% (137.86%) |
Return on Invested Capital (ROIC) | -110.70% (31.50%) | -161.60% (44.70%) | -292.20% (-87.07%) | -156.20% (-188.70%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | -0.17 (71.93%) | -0.6 (70.69%) | -2.05 (-47.03%) | -1.4 (-105.30%) |
Price to Sales Ratio (P/S) | 2.6 (-54.43%) | 5.7 (-88.12%) | 47.99 (107.29%) | -658.54 (-149.92%) |
Price to Book Ratio (P/B) | 0.65 (-42.83%) | 1.13 (-50.81%) | 2.3 (-34.35%) | 3.5 (-41.99%) |
Debt to Equity Ratio (D/E) | 1.12 (58.72%) | 0.7 (3.22%) | 0.68 (123.20%) | 0.31 (-49.08%) |
Earnings Per Share (EPS) | -51.69 (65.41%) | -149.45 (19.22%) | -185 (76.28%) | -780 (-516.00%) |
Sales Per Share (SPS) | 3.36 (-78.72%) | 15.79 (99.43%) | 7.92 (578.49%) | -1.66 (-144.16%) |
Free Cash Flow Per Share (FCFPS) | -26.23 (84.65%) | -170.91 (0.40%) | -171.59 (35.95%) | -267.9 (-30.94%) |
Book Value Per Share (BVPS) | 22.49 (-77.56%) | 100.23 (-41.45%) | 171.19 (-49.56%) | 339.4 (-68.10%) |
Tangible Assets Book Value Per Share (TABVPS) | 47.65 (-72.11%) | 170.86 (-40.69%) | 288.1 (-35.00%) | 443.24 (-73.97%) |
Enterprise Value Over EBIT (EV/EBIT) | -1 (0.00%) | -1 (0.00%) | -1 (0.00%) | -1 (-111.11%) |
Enterprise Value Over EBITDA (EV/EBITDA) | -0.65 (-10.41%) | -0.59 (52.67%) | -1.24 (9.83%) | -1.37 (-116.01%) |
Asset Turnover | 0.06 (-20.99%) | 0.08 (211.54%) | 0.03 (1400.00%) | -0 (-128.57%) |
Current Ratio | 1.18 (-32.94%) | 1.76 (-19.99%) | 2.2 (-71.95%) | 7.85 (-52.46%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | -$51,654,317 (63.55%) | -$141,711,500 (-30.20%) | -$108,838,183 (21.07%) | -$137,891,301 (-81.42%) |
Enterprise Value (EV) | $46,201,278 (-28.13%) | $64,287,926 (-53.80%) | $139,157,760 (-75.20%) | $561,087,639 (-76.88%) |
Earnings Before Tax (EBT) | -$101,907,354 (17.84%) | -$124,029,713 (-5.76%) | -$117,274,218 (72.29%) | -$423,191,902 (-561.95%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$71,403,923 (34.93%) | -$109,728,981 (2.38%) | -$112,398,651 (72.49%) | -$408,639,319 (-244.43%) |
Invested Capital | $60,281,025 (-26.10%) | $81,568,020 (169.37%) | $30,280,786 (20.16%) | $25,201,199 (-95.60%) |
Working Capital | $8,195,883 (-79.78%) | $40,543,451 (-46.69%) | $76,047,785 (-59.69%) | $188,672,302 (-30.86%) |
Tangible Asset Value | $93,840,770 (-33.76%) | $141,674,724 (-22.47%) | $182,742,475 (-19.90%) | $228,138,890 (-63.93%) |
Market Capitalization | $28,605,124 (-69.55%) | $93,932,434 (-62.34%) | $249,433,891 (-59.19%) | $611,209,063 (-74.36%) |
Average Equity | $54,401,634 (-46.68%) | $102,022,283 (-27.11%) | $139,969,084 (-31.23%) | $203,517,987 (180.19%) |
Average Assets | $103,624,992 (-35.86%) | $161,570,957 (-17.64%) | $196,169,383 (-47.45%) | $373,309,198 (75.12%) |
Invested Capital Average | $71,968,588 (0.89%) | $71,333,778 (80.58%) | $39,502,715 (-84.97%) | $262,876,644 (64.13%) |
Shares | 3,278,524 (214.13%) | 1,043,694 (59.00%) | 656,405 (17.06%) | 560,742 (16.31%) |
