Q1 2026 Workhorse Group Inc Earnings Call Transcript

May 14, 2026 / 08:30 PM GMT

Release Date Price: MXN44.7

Transcript 10-Q8-K

Key Points

Positve

Workhorse Group Inc (WKHS) successfully integrated the Motive production line into their Union City, Indiana plant, with three production lines now operational.
The company announced two major purchase orders in Q1 2026, including a 100-unit order from Gateway Fleets and another from Purolator, indicating strong demand for their vehicles.
Workhorse Group Inc (WKHS) has developed a plan for a new proprietary modular chassis design, expected to reduce costs and improve competitiveness with ICE vehicles.
The company resolved two previously disclosed legal matters, reducing distractions and potential financial overhangs.
Workhorse Group Inc (WKHS) strengthened its liquidity position with incremental borrowing to support production for existing orders.

Negative

The company reported a gross loss of $7.5 million for Q1 2026, driven by higher sales volume and increased costs associated with operating their own manufacturing facility.
A $1.5 million warranty charge was recorded due to higher-than-expected costs related to a retrofit campaign for certain trucks sold in Canada.
Selling, general, and administrative expenses increased to $9.5 million in Q1 2026, up from $4.3 million in the same period of 2025.
Net loss for the quarter was $19.9 million, compared to a net loss of $12.7 million in the prior year, reflecting ongoing financial challenges.
The company is not providing specific financial guidance at this time, indicating uncertainty in future financial performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WKHS.OQ - Workhorse Group Inc
Q1 2026 Workhorse Group Inc Earnings Call
May 14, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, greetings and welcome to the Workhorse Group Q1 2026 earnings call.

At this time, all participants are in the listen-only mode.

A brief question-and-answer session will follow the formal presentation.

If anyone requires operator assistance during the conference call, please signal an operator by pressing star and zero on your telephone keypad.

As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host for today, John Williams, Chief Communications Officer. Please go ahead.

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Unidentified_2 [2]
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