On March 31, 2026, Workhorse Group Inc. (NASDAQ: WKHS) announced its financial results for the fourth quarter and full year ended December 31, 2025. The company reported a revenue of $9.7 million for Q4 2025, marking a significant 64% increase year-over-year, while the full year revenue reached $21.2 million, up 201% from the previous year. This growth is attributed to the successful integration of Motiv Electric Trucks, which was completed in December 2025. The combined company reported a pro forma revenue of $34.0 million for the full year 2025, compared to $13.7 million in 2024, reflecting a 149% increase. Workhorse delivered 65 vehicles in Q4 2025 and a total of 112 vehicles for the full year, compared to 46 vehicles in 2024. The company also highlighted that its trucks have surpassed 20 million real-world miles across more than 1,100 deployed vehicles. Looking ahead, Workhorse is targeting $20 million in annualized cost synergies from the merger integration as it exits 2026. The company has also announced a new 140 kWh battery configuration for its W56 step van in response to customer demand. CEO Scott Griffith emphasized the company's commitment to completing the integration, expanding the product portfolio, and strengthening its financial position. The company plans to hold a conference call on March 31, 2026, at 4:30 p.m. Eastern time to discuss these results further.

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