Workhorse Group Inc

Workhorse builds electric step vans, shuttle buses, school buses, and work trucks for commercial fleets, plus related telematics and charging infrastructure [Company Overview]. The company also offers after-sales services, parts, and assembly through its 148-person workforce based in Wixom, Michigan [Company Overview].

Workhorse Group Inc designs and manufactures electric delivery trucks and drone systems, marketing under the Workhorse and Motiv brands [Company Overview]. The company is in severe financial distress: despite 221% revenue growth to $21.2M, it burns cash at a -$36.2M annual rate and loses over $3 for every $1 in revenue [Yahoo Finance]. A recent 1:12 reverse stock split in December 2025 signals desperation to maintain exchange listing [EODHD].

The company is burning through cash rapidly and losing money on every dollar of sales.