WORKHORSE GROUP INC. Cash Flow Charts

8 quarters of history · ending 2025-12-31 · SEC EDGAR

Source:10-K · 10-Q

Capital Allocation

How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).

Capital Allocation Waterfall

Buybacks vs Stock-Based Comp

Net Debt Issuance

Cash Flow

Cash Flow by Activity

Operating Cash Flow↑+54.6% +$10M
$-8M
Free Cash Flow↓-149.1% -$2M
$-603K
Investing Cash Flow
$19M
Financing Cash Flow↓-39.4% -$3M
$5M
Capex↓-17.8% -$130K
$603K
Stock-Based Comp↓-77.9% -$2M
$429K
Debt Issued↓-40.0% -$18M
$27M
Debt Repaid
D&A↑+138.5% +$400K
$689K
SBC Allocated Expense↓-78.3% -$2M
$429K