Workhorse secures 200-truck order: what it means for Workhorse stock

Published on 10/15/2026 at 12:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gateway expanded its 2026 order on September 30, 2026. Workhorse stock costs EUR 2.58 on October 15, 2026, while Q2 revenue was USD 3.56 million.

Order timing and financial scale

Gateway placed a 200-truck follow-on order on September 30, 2026.
Workhorse reported USD 3.56 million in second-quarter 2026 revenue.
Workhorse stock was trading at EUR 2.58 at 12:39 p.m. CEST at Lang & Schwarz on October 15, 2026.

WKHS, US98138J5039, Illustration mit AI erstellt.

Workhorse Group stock (ISIN US98138J5039) was trading at EUR 2.58 at Lang & Schwarz on October 15, 2026, while its latest quarterly revenue stood at USD 3.56 million. The company had announced a follow-on order for 200 electric step vans on September 30, 2026, according to Workhorse Group.

Gateway order extends into 2027

Gateway Fleets placed the order through Kingsburg Truck Center for 200 W56 fully-electric step vans. Workhorse said deployments are expected to begin in the second half of 2027 and continue through 2028. The W56 has a 210 kWh battery, 1,000 cubic feet of cargo space, a 10,000-pound payload and a nominal range of 150 miles per charge, according to the company release.

The order builds on Gateway's earlier 100-vehicle commitment and gives Workhorse a channel into fleet operators using leasing, charging infrastructure and depot support. Workhorse said its Union City, Indiana, facility can produce more than 5,000 vehicles per year on a standard operating shift, while more than 1,100 vehicles had been delivered to customers by September 30, 2026.

What does the order mean for finances?

The commercial expansion arrives against a demanding financial backdrop. Workhorse reported USD 3.56 million of revenue and a USD 20.17 million net loss for the second quarter of 2026. Operating cash flow was negative USD 24.08 million in that period, while cash and cash equivalents stood at USD 9.63 million on June 30, 2026.

That contrast makes execution more important than the headline vehicle count. The company disclosed on September 22, 2026, that its incentive plan included a USD 75 million annualized GAAP revenue milestone and a USD 500 million market capitalization milestone, with performance awards targeted at USD 15.00 million for the chief executive and USD 6.50 million for the chief financial officer, according to the SEC.

Three dated steps shape the story

On August 13, 2026, Workhorse reported second-quarter revenue of USD 3.56 million. On September 22, 2026, its board approved incentive awards with targets of USD 15.00 million and USD 6.50 million. On September 30, 2026, Gateway placed the 200-truck follow-on order, according to the linked company release.

Next reporting date is November 10

MarketBeat lists November 10, 2026, as the estimated date for Workhorse's third-quarter results and gives 10:00 a.m. ET as the conference-call time.

Stock price remains the market marker

Workhorse had a market capitalization of USD 32.0 million and a 52-week range of USD 2.31 to USD 13.56 as of October 14, 2026. The current euro quotation places the stock near the lower end of that dollar range only as a broad cross-currency reference, not as a direct performance comparison.

Workhorse was trading at EUR 2.58 at Lang & Schwarz on October 15, 2026 at 12:39 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Workhorse Group stock.