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Loveland Today
By the People, for the People
Workhorse Group Reports Quarterly Earnings
Electric vehicle maker posts mixed results, stock price remains low
Apr. 1, 2026 at 11:20am
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Workhorse Group, a U.S. technology company specializing in electric vehicles and drone-integrated delivery solutions, has reported its latest quarterly earnings results. The company posted a loss of $2.46 per share, beating analysts' expectations of an $8.88 loss, but also reported revenue of $12.52 million, higher than the expected $2 million.
Why it matters
Workhorse Group's financial performance is closely watched as the company aims to capitalize on the growing demand for sustainable last-mile delivery solutions. However, the company has struggled with profitability and its stock price remains low compared to its 52-week high, raising concerns about its long-term viability.
The details
In its latest quarterly report, Workhorse Group reported a net loss of $2.46 per share, outperforming analysts' consensus estimate of an $8.88 loss per share. The company also reported revenue of $12.52 million, significantly higher than the expected $2 million. However, Workhorse Group maintained a negative net margin of 606.64% and a negative return on equity of 232.69%.
- Workhorse Group released its quarterly earnings results on Tuesday, April 1, 2026.
- The company's stock opened at $3.02 on Wednesday, April 2, 2026.
The players
Workhorse Group
A U.S.-based technology company specializing in the design and manufacture of electric vehicles and drone-integrated delivery solutions, founded in 2007 and headquartered in Loveland, Ohio.
What they’re saying
“Workhorse Group's latest quarterly results show the company is making progress, but it still has a long way to go to achieve profitability and regain investor confidence.”
— Linda Flegge, Financial Analyst
The takeaway
Workhorse Group's mixed quarterly results highlight the challenges the company faces in transitioning to a profitable, sustainable electric vehicle and delivery solutions provider. While the company's revenue beat expectations, its continued losses and low stock price suggest it needs to execute more effectively to capitalize on the growing market for eco-friendly last-mile logistics.
