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Workhorse Group Reports Record Q2 Results and Strategic Merger, Boosts Financial Position with Motiv Acquisition and $25mln Funding.
ByAinvest
Tuesday, Aug 19, 2025 3:54 pm ET1min read
Workhorse Group (WKHS) reported record Q2 2025 results with 36 purchase orders and 32 W56 step vans delivered. The company secured a strategic merger with Motiv and a $25 million funding boost to strengthen its financial position. Operating expenses were reduced by $7 million YoY, enhancing operational efficiency. Analysts have a consensus "Hold" rating and a one-year price target average of $1.75, indicating a potential upside of 16.19% from the current market price.
Workhorse Group Inc. (WKHS) has reported robust second-quarter 2025 financial results, highlighting a significant increase in revenue and a strategic merger with Motiv Electric Trucks. The company shipped a record 32 W56 step vans, driven by strong customer demand and positive feedback. CEO Rick Dauch emphasized the company's role in the last-mile delivery market and announced a merger agreement with Motiv Electric Trucks, positioning Workhorse as a leading medium-duty electric truck manufacturer in North America.The merger aims to enhance operational efficiency and lower costs, with a focus on increased scale and an expanded product portfolio. Workhorse's revenue surged to $5.7 million, up from $0.8 million year-over-year, while operating expenses decreased by $7.0 million, indicating cost-conserving measures. The company reported a net loss of $14.8 million for the quarter, which was an improvement compared to the prior year’s result.
Workhorse secured 36 new purchase orders during the quarter, showcasing growth in its customer base and product demand. The company also secured $25 million in interim funding to extend its financial runway and maintain operations through the merger. A conference call is scheduled for August 19 to discuss the results and the merger further.
Analysts have a consensus "Hold" rating and a one-year price target average of $1.75, indicating a potential upside of 16.19% from the current market price.
[1] https://www.quiverquant.com/news/Workhorse+Group+Inc.+Reports+Strong+Q2+2025+Results+and+Announces+Merger+with+Motiv+Electric+Trucks
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