Workhorse Group, Inc. reports developments tied to its role as a North American OEM and provider of all-electric trucks, step vans, shuttles and buses for commercial fleets. Recurring updates cover purchase orders for W56 step vans, fleet deployments, dealer relationships, customer-support programs that span vehicles and charging infrastructure, and post-sale service through dealer and factory-certified support networks.
The company also issues earnings and business-outlook announcements, operating updates and capital-structure or governance news. Its disclosures commonly reference commercial fleet customers, the Union City, Indiana manufacturing facility, the completed Motiv merger and the market for medium-duty electric delivery vehicles.
Workhorse Group (NASDAQ: WKHS) signed its first Canadian dealer agreement with Tristan Fleet Management to sell and service its electric vehicles. Tristan will offer the full W56 electric step van lineup, including standard- and extended-wheelbase models with two battery configurations.
The agreement builds on Workhorse’s sales and support of electric trucks in Canada since 2021 through its partnership with Purolator. Tristan provides parts, repairs and maintenance, alongside 24/7 roadside and towing services.
Workhorse Group (NASDAQ: WKHS) plans to discuss third-quarter results and its business outlook on a conference call November 12, 2026. The call is scheduled for 4:30 p.m. Eastern time. Workhorse will issue its third-quarter earnings release before the call and make it available on its investor relations website, where listeners can also access the webcast.
Workhorse Group (NASDAQ: WKHS) received a follow-on purchase order from Gateway Fleets for 200 W56 fully electric step vans through Kingsburg Truck Center. The order builds on Gateway’s 2026 order of 100 W56s. Gateway intends to lease the vehicles to customers, primarily independent last-mile package delivery providers.
Vehicles in the new order are expected to begin customer deployment in the second half of 2027, with deployments continuing through 2028. Gateway bundles trucks with charging infrastructure, fleet support and depot access under flexible financing arrangements. The purchase order expands Workhorse’s channel to delivery operators seeking fleet electrification. W56 models are manufactured in Union City, Indiana. Workhorse has delivered more than 1,100 vehicles, which have collectively accumulated more than 21 million miles across customer fleets.
Workhorse Group (NASDAQ: WKHS) reported second quarter 2026 revenue of $3.6 million, up from $0.8 million a year earlier but below pro forma $6.4 million. The company delivered 26 vehicles versus 4 in Q2 2025 and recorded cost of sales of $11.0 million, resulting in a gross loss of $7.5 million.
Total operating expenses were $11.9 million, leading to an operating loss of $19.4 million and a net loss of $20.2 million ($1.86 per share). As of June 30, 2026, Workhorse held $9.6 million in cash and cash equivalents plus $0.7 million of restricted cash, and had increased related-party debt, including $30.0 million under its Cash Flow Credit Agreement and $18.3 million under its Customer Order Credit Agreement. According to Workhorse, merger integration is on track with a targeted $20 million cost-synergy run rate exiting 2026, and the company plans to enter the mobile AI data center market with initial production targeted for 2027.
Workhorse Group (NASDAQ: WKHS) announced that on August 3, 2026, its Board’s Human Resource Management and Compensation Committee granted 56,250 restricted stock units (RSUs) to a new non-executive employee under the company’s Inducement Plan, structured as an inducement award under Nasdaq Listing Rule 5635(c)(4).
The RSUs will vest over three years in three equal installments on the first, second and third anniversaries of June 1, 2026, contingent on the employee’s continued employment through each vesting date. Workhorse describes itself as an American industrial technology company focused on electrification and ruggedized mobility platforms.
Workhorse Group (NASDAQ: WKHS) announced plans to enter the mobile AI data center market with a turnkey, compute-ready, containerized mobile AI data center aimed at localized, distributed deployments worldwide. The product is in development and is intended to leverage existing engineering, software, testing and supply-chain capabilities.
According to Workhorse, the line will be manufactured at its Union City, Indiana plant and initially feature liquid-to-liquid cooling, isolated server racks, a separate climate‑controlled operator zone, integrated UPS and battery backup, fire suppression, advanced monitoring and flexible external power options. A partnership-based go‑to‑market model with data center developers is planned.
Workhorse is targeting 2027 for initial production and commercial deliveries of the mobile AI data centers, and also expects its modular chassis and cab chassis vehicle products to begin production in late 2027. Further updates are anticipated during the Q2 earnings call scheduled for August 13, 2026.
Workhorse (NASDAQ: WKHS) reported that on July 20, 2026, its Board’s Human Resource Management and Compensation Committee granted 93,750 restricted stock units (RSUs) to newly appointed Chief Financial Officer Jody Davis under the company’s Inducement Equity Award Plan, compliant with Nasdaq Listing Rule 5635(c)(4).
The RSUs vest in three equal annual installments on the first, second and third anniversaries of June 1, 2026, subject to Mr. Davis’s continued employment with Workhorse.
Workhorse Group (NASDAQ: WKHS) will host a conference call on Thursday, August 13, 2026, at 4:30 p.m. Eastern time to discuss its second quarter results and business outlook. Prior to the call, the company will issue its Q2 earnings press release, which will be available on its Investor Relations website at ir.workhorse.com.
Investors can access the call via webcast through the Investor Relations section of the website or by telephone at (877) 407-0789 in the U.S. and (201) 689-8562 internationally. A telephonic replay will be available from after 7 p.m. Eastern time on August 13, 2026, through August 27, 2026, via toll-free number (844) 512-2921, international number (412) 317-6671, using Replay ID 13761353.
Workhorse (NASDAQ: WKHS) appointed Jody Davis as Chief Financial Officer, succeeding retiring CFO Bob Ginnan. Davis brings about 15 years of finance leadership across manufacturing, energy storage, aerospace and technology, with experience in strategic finance, capital formation, capital markets, treasury, FP&A and scaling capital-intensive businesses into production.
According to Workhorse, Davis previously held senior roles at Unimacts, Evio (formerly EOS Aircraft) and Our Next Energy, focusing on financing, financial modeling and manufacturing scale-up. The company expects his background to support priorities such as securing additional growth capital, expanding analyst and institutional investor relationships, and accelerating cost reductions on the W56 and next-generation Class 5–6 platforms. Ginnan, CFO since January 2022, retires after leading capital raises, a divestiture and the Workhorse–Motiv Electric Trucks merger.
Workhorse Group (NASDAQ: WKHS) reported Q1 2026 revenue of $4.3 million, up from $1.1 million a year earlier, with 21 vehicles delivered versus 5 in Q1 2025.
The company posted a net loss of $19.9 million ($1.99/share), completed facility consolidation to Union City, and targets a $20 million annualized cost-synergy run rate exiting 2026. Orders from Gateway Fleets and Purolator bring contracted backlog to 200+ vehicles since the Motiv merger.