WORKHORSE GROUP INC.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | -111.7% | — | -304.9% |
| FY2017 | -144.2% | — | -410.6% |
| FY2018 | -1,990.4% | -4,463.9% | -4,783.0% |
| FY2019 | -1,452.2% | -6,338.1% | -9,869.0% |
| FY2020 | -838.4% | -2,943.0% | 5,010.8% |
| FY2021 | 15,652.1% | 21,729.1% | 47,110.5% |
| FY2022 | -650.0% | -2,569.8% | -2,334.7% |
| FY2023 | -192.9% | -804.1% | -946.3% |
| FY2024 | -87.3% | -586.7% | -732.4% |
| FY2025 | -45.0% | -223.7% | -302.1% |