Workhorse Group Inc. Reports Q2 2025 Earnings, Motiv Acquisition

Workhorse Group Inc. (WKHS) reported Q2 2025 earnings and announced a definitive agreement with Motiv. The company posted its financial results via press release and filed a 10-Q with the SEC on August 15. The presentation and related documents can be found on the Investor Relations section of their website. Rick Dauch, CEO, Bob Ginnan, CFO, and Scott Griffith, CEO & Director, will drive the call.

Workhorse Group Inc. (WKHS), a technology company focused on zero-emission commercial vehicles, reported its second-quarter 2025 financial results on August 15, 2025. The company posted its earnings via press release and filed a 10-Q with the SEC. The presentation and related documents are available on the Investor Relations section of their website.

Key highlights from the earnings call include:

- Financial Performance: Workhorse reported $5.7 million in revenue for the second quarter of 2025, a significant increase from $0.8 million in the same period last year. The company saw a net loss of $14.8 million, an improvement over the prior year’s result of $20.5 million. Operating expenses decreased by $7.0 million year-over-year, indicating cost-conserving measures.

- Record Truck Shipments: Workhorse shipped a record 32 trucks in the second quarter of 2025, driven by positive customer feedback and demand for its W56 step vans. The company also secured 36 new purchase orders, showcasing growth in its customer base and product demand.

- Strategic Merger: Workhorse announced a definitive agreement to merge with Motiv Electric Trucks, creating a leading North American medium-duty electric truck OEM. The merger aims to enhance operational efficiency and lower costs, positioning Workhorse as a significant player in the electric truck market.

- Operational Efficiency: The merger will benefit from increased scale, an expanded product portfolio, and enhanced operational efficiencies. The combined company will leverage joint engineering experience, increased manufacturing scale, and common platform development to improve operational efficiency.

- Real-World Performance: Workhorse’s W56 platform has demonstrated reliability and performance in diverse real-world routes, accumulating over 212,000 miles in the field with 97% uptime in daily last-mile operations.

The earnings call will be driven by Rick Dauch, CEO; Bob Ginnan, CFO; and Scott Griffith, CEO & Director, and is scheduled for August 19, 2025, at 10:00 a.m. Eastern Time.

References:
[1] https://seekingalpha.com/article/4814919-workhorse-group-inc-wkhs-q2-2025-earnings-call-transcript
[2] https://www.quiverquant.com/news/Workhorse+Group+Inc.+Reports+Strong+Q2+2025+Results+and+Announces+Merger+with+Motiv+Electric+Trucks