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Workhorse Group financial statements

워크호스 그룹NASDAQ:WKHS · Nasdaq · Autos · sector #25
$2.92-0.68%
2026-10-08 close

Workhorse Group's published financial data is dated 2026-10-04. 2024 revenue was $7M. 2024 operating profit was −$74M.

Reported results

Financial safety

Reference indicatorAs of 2024
Distress zoneFinancial-metric reference signal
Altman Z'' zoneZ'' -33.43
Distress
Grey
Safe
The marker shows the current Z'' value within the displayed zones.
Altman Z''
-33.43
Beneish M-Score
-6.25

No statistical flag

Sloan accrual
-57.76%

부실·조작 위험을 나타내는 사실 지표입니다. 투자 조언이 아니며, 검증 전이라 참고용입니다.

Factual information, not investment advice.

Earnings quality · Piotroski F-Score

1/9Weak

Piotroski measures year-over-year financial improvement, not absolute quality.

Financial improvement score1/9

Profitability

  • Positive ROANot passed
  • Positive OCFNot passed
  • Improving ΔROANot passed
  • Accruals (OCF > net income)Pass

Leverage & liquidity

  • Lower debtNot passed
  • Higher current ratioNot passed
  • No new sharesNot passed

Efficiency

  • Higher gross marginNot passed
  • Higher asset turnoverNot passed

Calculation note: F7(신주)은 equity/asset 유지로 근사

Already-stable companies may score lower when year-over-year improvement is limited.

Factual information, not investment advice.

Forensic signals

Anomaly and structural signals observed in the financial statements.

Revenue qualityDanger

매출 흑자인데 영업CF 적자 (OCF/매출 -719%). 통계적 정황 신호이며 회계부정 단정이 아닙니다.

Margin trendWarning

영업이익률 악화 (-880.5% → -1116.7%, -236.2%p). 통계적 정황 신호이며 회계부정 단정이 아닙니다.

Factual information, not investment advice.

Risk sensitivity — adverse assumptions

Metric changes under stated assumptions; not a forecast or investment advice.

Base metrics

Operating margin
-1,116.7%
Interest coverage
-2.6x
Return on equity (ROE)
-229.8%

Operating margin −5pp

Operating loss
Interest coverageBase -2.6x adverse case -2.7x
Return on equity (ROE)Base -229.8% adverse case -230.6%

Revenue −15%

Interest coverage risk
Interest coverageBase -2.6x adverse case -2.3x
Return on equity (ROE)Base -229.8% adverse case -204.8%

Interest rate +2pp

Interest coverage risk
Interest coverageBase -2.6x adverse case -2.6x
Return on equity (ROE)Base -229.8% adverse case -232.1%

Interest coverage limit

Already below the limit by 1,538.5pp

Interest coverage limit at an operating margin of 421.7%

Interest expense coverage threshold

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