Workhorse is a full service design studio in Washington D.C. specializing in high-quality strategy, design & development. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. 

Loveland, US
Size (employees)
79 (est)
Workhorse was founded in 2007 and is headquartered in Loveland, US

Workhorse Office Locations

Workhorse has offices in Loveland and Union City
Loveland, US (HQ)
100 Commerce Dr
Union City, US
940 IN-32
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Workhorse Financials and Metrics

Workhorse Financials

Workhorse's revenue was reported to be $6.4 m in FY, 2016

Revenue (Q3, 2017)

3.3 m

Gross profit (Q3, 2017)

(4.3 m)

Gross profit margin (Q3, 2017), %


Net income (Q3, 2017)

(12.7 m)

Market capitalization (16-Feb-2018)

4 m

Cash (30-Sep-2017)

9.8 m


(3.8 m)
Workhorse's current market capitalization is $4 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016


177.5 k177.5 k140 k6.4 m

Revenue growth, %


Cost of goods sold

13.6 m

Gross profit

(7.2 m)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


177.5 k177.5 k68 k72 k236 k1.2 m1.9 m1.8 m270 k3.3 m

Cost of goods sold

464.4 k2.3 m4.2 m4.3 m995.9 k7.6 m

Gross profit

(228.4 k)(1.1 m)(2.3 m)(2.5 m)(725.9 k)(4.3 m)

Gross profit Margin, %

USDFY, 2013FY, 2014FY, 2015FY, 2016


7 k442.3 k7.7 m469.6 k

Accounts Receivable

628.7 k


392.8 k392.8 k78.9 k2.5 m


4.4 m4 m3.7 m6 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


7.5 k2.7 m1.8 m833.8 k287.1 k160.9 k140.9 k5.2 m3.7 m3 m10.2 m5.4 m9.8 m

Accounts Receivable

20 k476.1 k536.6 k978 k270 k225 k


393.8 k392.8 k392.8 k392.8 k331 k272.6 k199 k1.9 m3.6 m5.1 m9.5 m7.5 m


4.5 m4.3 m4.2 m4.1 m4 m3.9 m3.8 m3.7 m3.6 m3.6 m5.9 m5.8 m
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Net Income

    (9.4 m)(19.6 m)

    Depreciation and Amortization

    319.6 k388 k371.2 k381.8 k

    Accounts Receivable

    (1 m)


    48.3 k(2.5 m)
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Net Income

    (2.1 m)(4.4 m)(7.3 m)(12.6 m)(7.9 m)(17.1 m)(12.7 m)

    Depreciation and Amortization

    101.5 k101.5 k101.5 k91.6 k93.8 k187.8 k281.8 k93.5 k190 k286.3 k143.1 k269 k

    Accounts Receivable

    (20 k)(476.1 k)(536.6 k)(349.3 k)358.7 k225 k


    47.3 k(1.9 m)(3.6 m)(2.6 m)(7 m)7.5 m
      USDY, 2017


      41.6 k


      0.1 x
      Show all financial metrics

      Workhorse Operating Metrics

      FY, 2015FY, 2016Q1, 2017Q2, 2017

      E-GEN Electric Vehicles Delivered


      Electric Delivery Vans in Backlog (for UPS)


      W-15 Units Orders Recieved

      2.15 k4.65 k5 k

      Workhorse Vehicles

      Show all operating metrics

      Workhorse Market Value History

      Workhorse's Web-traffic and Trends

      Workhorse Online and Social Media Presence

      Workhorse News and Updates

      Workhorse Fleet Of Electric Delivery Trucks For UPS Cost Competitive With Conventional Trucks Without Subsidies

      UPS has added 50 Workhorse plug-in hybrid delivery vans to its US fleet. The trucks are 4 times more efficient that conventional diesel powered vans and cost no more, even without incentives.

      Workhorse W-15 Orders Now Open To The Public

      Workhorse has brought its W-15 plug-in hybrid pickup truck, N-Gen delivery van, and SureFly helicopter to CES 2018, where CEO Steve Burns announced that the company is now accepting reservations for the W-15 from private individuals.

      Workhorse Gets Approved To Test Its SureFly Electric Hybrid Helicopter

      There is something going on at Workhorse, and its latest press release hints at what the company is trying to do. After the announcement of its newest electric vehicle (EV) van, it is now announcing that the US Federal Aviation Administration (FAA) has given it a green light to fly its electric heli…

      Workhorse Group Spinning Off Aviation Division (SureFly)

      The electric vehicle firm Workhorse Group has announced that it will spin off its aviation division, which comprises the SureFly personable helicopter team, amongst other things

      The Electric Workhorse N-GEN Gives Fleet Owners Another Way To Switch To Electricity

      Here's another fleet owner's way to switch over to electricity — the Workhorse N-GEN, which our own Steve Hanley covered recently here. When it comes to electric options, better options, 2017 has also been good to fleet owners. They haven't been left alone and new players have jumped into the marke…

      Using Video as Your Content Creation Workhorse

      Every successful content marketing strategy needs video.
      Show more

      Workhorse Company Life and Culture

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