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Workhorse Group Inc is a technology company with a vision to pioneer the transition to zero-emission commercial vehicles. Its focus is to provide sustainable and cost-effective solutions to the commercial transportation sector. It designs and manufactures all-electric delivery trucks and drone systems, including the technology that optimizes the way these vehicles operate. It's focused on a core competency of bringing electric delivery vehicle platforms to serve the last-mile delivery market. Its products are marketed under the Workhorse brand.
2007
143
LTM Revenue $6.6M
LTM EBITDA -$27.9M
$64.4M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Workhorse has a last 12-month revenue (LTM) of $6.6M and a last 12-month EBITDA of -$27.9M.
In the most recent fiscal year, Workhorse achieved revenue of $6.6M and an EBITDA of -$71.8M.
Workhorse expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Workhorse valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $6.6M | XXX | $6.6M | XXX | XXX | XXX |
| Gross Profit | -$22.2M | XXX | -$22.2M | XXX | XXX | XXX |
| Gross Margin | -335% | XXX | -336% | XXX | XXX | XXX |
| EBITDA | -$27.9M | XXX | -$71.8M | XXX | XXX | XXX |
| EBITDA Margin | -422% | XXX | -1085% | XXX | XXX | XXX |
| EBIT | -$73.9M | XXX | -$73.9M | XXX | XXX | XXX |
| EBIT Margin | -1117% | XXX | -1117% | XXX | XXX | XXX |
| Net Profit | -$102M | XXX | -$102M | XXX | XXX | XXX |
| Net Margin | -1538% | XXX | -1538% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $6.4M | XXX | XXX | XXX |
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As of July 31, 2025, Workhorse's stock price is $2.
Workhorse has current market cap of $16.4M, and EV of $64.4M.
See Workhorse trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $64.4M | $16.4M | XXX | XXX | XXX | XXX | $-51.69 |
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Start Free TrialAs of July 31, 2025, Workhorse has market cap of $16.4M and EV of $64.4M.
Workhorse's trades at 9.7x EV/Revenue multiple, and -0.9x EV/EBITDA.
Equity research analysts estimate Workhorse's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Workhorse has a P/E ratio of -0.2x.
See valuation multiples for Workhorse and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $16.4M | XXX | $16.4M | XXX | XXX | XXX |
| EV (current) | $64.4M | XXX | $64.4M | XXX | XXX | XXX |
| EV/Revenue | 9.7x | XXX | 9.7x | XXX | XXX | XXX |
| EV/EBITDA | -2.3x | XXX | -0.9x | XXX | XXX | XXX |
| EV/EBIT | -0.9x | XXX | -0.9x | XXX | XXX | XXX |
| EV/Gross Profit | -2.9x | XXX | n/a | XXX | XXX | XXX |
| P/E | -0.2x | XXX | -0.2x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | -1.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialWorkhorse's revenue per employee in the last FY averaged $46K, while opex per employee averaged $0.4M for the same period.
Workhorse's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Workhorse's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Workhorse and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | -422% | XXX | -1085% | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $46K | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 138% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 781% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Ebusco Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Traton | XXX | XXX | XXX | XXX | XXX | XXX |
| Ashok Leyland | XXX | XXX | XXX | XXX | XXX | XXX |
| TVS Motor | XXX | XXX | XXX | XXX | XXX | XXX |
| Bajaj Auto | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Workhorse acquired XXX companies to date.
Last acquisition by Workhorse was XXXXXXXX, XXXXX XXXXX XXXXXX . Workhorse acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Workhorse founded? | Workhorse was founded in 2007. |
| Where is Workhorse headquartered? | Workhorse is headquartered in United States of America. |
| How many employees does Workhorse have? | As of today, Workhorse has 143 employees. |
| Who is the CEO of Workhorse? | Workhorse's CEO is Mr. Richard F. Dauch. |
| Is Workhorse publicy listed? | Yes, Workhorse is a public company listed on NAS. |
| What is the stock symbol of Workhorse? | Workhorse trades under WKHS ticker. |
| When did Workhorse go public? | Workhorse went public in 2009. |
| Who are competitors of Workhorse? | Similar companies to Workhorse include e.g. Ebusco Holding, Traton, Ashok Leyland, TVS Motor. |
| What is the current market cap of Workhorse? | Workhorse's current market cap is $16.4M |
| What is the current revenue of Workhorse? | Workhorse's last 12 months revenue is $6.6M. |
| What is the current EV/Revenue multiple of Workhorse? | Current revenue multiple of Workhorse is 9.7x. |
| Is Workhorse profitable? | Yes, Workhorse is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Workhorse? | Workhorse's last 12 months EBITDA is -$27.9M. |
| What is Workhorse's EBITDA margin? | Workhorse's last 12 months EBITDA margin is -422%. |
| What is the current EV/EBITDA multiple of Workhorse? | Current EBITDA multiple of Workhorse is -2.3x. |
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