Workhorse Group stock reports award targets at EUR 165.96 plus 0.80 percent

Published on 09/30/2026 at 15:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Workhorse Group stock stood at EUR 165.96 at 3:01 p.m. CEST on September 30, 2026, plus 0.80 percent versus EUR 164.64. Q2 revenue was USD 3.562 million.

WKHS, US98138H1014, Illustration mit AI erstellt.

Workhorse Group Inc. (ISIN US98138H1014) was trading at EUR 165.96 at Lang & Schwarz on September 30, 2026, at 3:01 p.m. CEST, plus 0.80 percent versus the prior close of EUR 164.64. The company has set executive performance targets tied to revenue, margins, cash flow and market value.

Executive awards set demanding hurdles

According to the SEC filing dated September 28, 2026, CEO Scott Griffith received a target award of USD 15.0 million and CFO Jody Davis a target award of USD 6.5 million. The performance period runs from October 1, 2026, through September 30, 2031.

The plan assigns 15 percent of the target award to annualized GAAP revenue of at least USD 75.0 million for two consecutive fiscal quarters. Positive GAAP gross margin and positive operating cash flow each form additional hurdles, while 40 percent depends on average market capitalization of at least USD 500.0 million over 45 trading days, the SEC reported. The company explicitly states that these targets are not predictions, projections or guidance.

Q2 revenue reached USD 3.562 million

Workhorse reported USD 3.562 million in Q2 2026 revenue for the quarter ended June 30, 2026, while diluted EPS was minus USD 1.86, according to ToAlpha. The finance figures show a net loss attributable to common shareholders of USD 20.171 million and operating cash flow of minus USD 24.076 million for the same quarter.

Revenue was lower than the USD 4.329 million reported for Q1 2026, while diluted EPS improved from minus USD 1.99 to minus USD 1.86. That comparison leaves the award plan dependent on a substantial operating improvement, especially because the revenue hurdle is more than 21 times Q2 quarterly revenue when annualized from the stated USD 3.562 million base.

Stock trades above the prior close

Workhorse Group was trading at EUR 165.96 at Lang & Schwarz on September 30, 2026, at 3:01 p.m. CEST, plus 0.80 percent versus the Lang & Schwarz prior close of EUR 164.64. The primary listing is the Nasdaq Capital Market under ticker WKHS, while the Nasdaq quote was last at USD 2.90 on September 29, 2026, at 4:00 p.m. EDT. The market capitalization was USD 31.6 million on September 29, 2026, and the 52-week range was USD 2.31 to USD 14.88.