Quarterly ResultAug 13, 2026, 04:18 PM
Workhorse Q2 Revenue $3.6M; Net Loss $20.2M; Enters Mobile AI Market
AI Summary
Workhorse Group reported Q2 2026 revenue of $3.6 million, a significant increase from $0.8 million in Q2 2025, but a net loss of $20.2 million, wider than the $12.8 million loss in the prior year. The company delivered 26 vehicles, up from 4 in the same period last year. Strategically, Workhorse is progressing with merger integration, targeting $20 million in annualized cost synergies by year-end, and announced its entry into the mobile AI data center market, aiming for initial production in 2027.
Key Highlights
- Q2 2026 revenue was $3.6 million, up from $0.8 million in Q2 2025.
- Reported Q2 2026 net loss of $20.2 million, or $1.86 per share.
- Delivered 26 vehicles in Q2 2026, compared to 4 in Q2 2025.
- Entered mobile AI data center market, targeting initial production in 2027.
- Merger integration on track for $20 million annualized cost synergies by year-end.
- Cash and cash equivalents stood at $9.6 million as of June 30, 2026.
- Jody Davis appointed Chief Financial Officer in July.
Price Impact
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