Workhorse (WKHS)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	3.24 mm	3.24 mm	3.24 mm	3.24 mm	3.24 mm	3.24 mm
Cash burn (monthly)	687.94 k	2.97 mm	8.38 mm	10.50 mm	3.35 mm	5.63 mm
Cash used (since last report)	3.50 mm	15.08 mm	42.58 mm	53.35 mm	17.03 mm	28.62 mm
Cash remaining	-250.97 k	-11.84 mm	-39.33 mm	-50.10 mm	-13.78 mm	-25.38 mm
Runway (months of cash)	-0.4	-4.0	-4.7	-4.8	-4.1	-4.5

Beta Read what these cash burn values mean

Financial data from Workhorse earnings reports.

Institutional ownership, Q4 2024

WKHS institutional ownership history Ownership history

28.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	95	94	+1.1%
Opened positions	16	24	-33.3%
Closed positions	15	28	-46.4%
Increased positions	16	12	+33.3%
Reduced positions	17	21	-19.0%

13F shares	Current	Prev Q	Change
Total value	2.63 bn	1.74 bn	+51.1%
Total shares	11.77 mm	11.08 mm	+6.2%
Total puts	580.51 k	248.64 k	+133.5%
Total calls	808.24 k	379.14 k	+113.2%
Total put/call ratio	0.7	0.7	+9.5%

Largest owners	Shares	Value	Change
Baksa Stephen D	4.00 mm	$67.44 mm	0.0%
ATW Partners Opportunities Management	3.23 mm	$2.17 mm	0.0%
Lukens Joseph Theodore JR	1.87 mm	$44.18 mm	0.0%
Susquehanna International	890.28 k	$621.42 mm	+361.6%
Vanguard	695.13 k	$485.20 mm	0.0%
Geode Capital Management	332.56 k	$232.15 mm	+17.4%
BlackRock	202.81 k	$141.56 mm	-0.0%
Hudson Bay Capital Management	105.61 k	$73.71 mm	0.0%
Swedbank AB	95.80 k	$66.86 mm	+46.2%
STT State Street	46.14 k	$32.20 mm	-0.7%

Largest transactions	Shares	Bought/sold	Change
Susquehanna International	890.28 k	+697.42 k	+361.6%
MS Morgan Stanley	27.58 k	-73.30 k	-72.7%
Virtu Financial	0.00	-58.16 k	EXIT
Geode Capital Management	332.56 k	+49.29 k	+17.4%
Scientech Research	0.00	-31.75 k	EXIT
Swedbank AB	95.80 k	+30.29 k	+46.2%
JustInvest	41.12 k	+21.02 k	+104.6%
Group One Trading	26.64 k	+19.28 k	+261.8%
UBS UBS	17.85 k	+17.20 k	+2642.5%
Wealthfront Advisers	17.13 k	+17.13 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

WKHS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
23 Feb 25	James Peters	Common Stock, $0.001 par value per share	Payment of exercise	Dispose F	No	No	0.4868	326	158.70	5,873
23 Feb 25	Richard F Dauch	Common Stock, $0.001 par value per share	Payment of exercise	Dispose F	No	No	0.4868	5,783	2.82 k	129,547
23 Feb 25	Robert M Ginnan	Common Stock, $0.001 par value per share	Payment of exercise	Dispose F	No	No	0.4868	800	389.44	14,787
23 Feb 25	Joshua Joseph Anderson	Common Stock, $0.001 par value per share	Payment of exercise	Dispose F	No	No	0.4868	426	207.38	10,276
22 Feb 25	James Peters	Common Stock, $0.001 par value per share	Payment of exercise	Dispose F	No	No	0.4868	161	78.37	6,199
22 Feb 25	Richard F Dauch	Common Stock, $0.001 par value per share	Payment of exercise	Dispose F	No	No	0.4868	1,459	710.24	135,330
22 Feb 25	Stanley Raymond March	Common Stock, $0.001 par value per share	Payment of exercise	Dispose F	No	No	0.4868	196	95.41	9,448
22 Feb 25	Robert M Ginnan	Common Stock, $0.001 par value per share	Payment of exercise	Dispose F	No	No	0.4868	1,029	500.92	15,587
22 Feb 25	Joshua Joseph Anderson	Common Stock, $0.001 par value per share	Payment of exercise	Dispose F	No	No	0.4868	570	277.48	10,702