Electric truck maker Workhorse's Q4 revenue surges

Overview

• US electric truck maker's Q4 2025 revenue grew 64% yr/yr to $9.7 mln

• Company delivered 65 vehicles in Q4, full-year deliveries more than doubled

• Operating loss widened in Q4, impacted by merger-related expenses

Outlook

• Company targets $20 mln in annualized cost synergies from merger integration as it exits 2026

• Workhorse expects strengthening sales pipeline to support plans for 2026 and beyond

• Company continues to evaluate financing alternatives to support growth plan

Company press release: ID:nGNX4s7kxy

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the auto & truck manufacturers peer group is "buy."

• Wall Street's median 12-month price target for Workhorse Group Inc is $7.80, about 166.2% above its March 30 closing price of $2.93

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