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Financials · WKSP

Worksport Ltd. (WKSP) financials

For the twelve months ended Jun 30, 2026, Worksport Ltd. reported $18.30M of revenue and -$20.95M of net income.

Revenue, TTM
$18.30M
Revenue growth, YoY
+47.6%
Net income, TTM
-$20.95M
Net margin
-114.5%
Free cash flow, TTM
-$22.75M
Cash
$1.16M
Total debt
$5.26M
P/S
0.33
Market cap
$6.1M
Annual revenue$16.10M
FY2016FY2025
Annual net income-$19.35M
FY2016FY2025
Annual free cash flow-$18.10M
FY2016FY2025

WKSP revenue and earnings growth

WKSP revenueQ2 2026$5.23M

Quarter YoY
+27.4%
QoQ
+57.9%
FY YoY
+89.8%
5Y CAGR
+115.5%
10Y CAGR
+37.8%

WKSP revenue was $5.23M in fiscal Q2 2026 (ended Jun 30, 2026), up 27.4% from a year earlier and up 57.9% from the prior quarter. For the full fiscal 2025 it was $16.10M, up 89.8% from fiscal 2024. Compound annual growth was +115.5% over 5 years and +37.8% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

WKSP net incomeQ2 2026-$3.97M

WKSP net income was -$3.97M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$3.73M a year earlier. For the full fiscal 2025 it was -$19.35M, compared with -$16.16M in fiscal 2024.

WKSP EPSQ2 2026-$0.33

WKSP diluted EPS was -$0.33 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$3.16.

WKSP free cash flowQ2 2026-$3.51M

WKSP free cash flow was -$3.51M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$3.16M a year earlier. For the full fiscal 2025 it was -$18.10M, compared with -$10.67M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$16.10M$8.48M$1.53M$116.5K$303.8K$346.1K$1.93M$481.5K$408.7K$361.1K
Cost of revenue$11.63M$7.58M$1.29M$57.0K$350.7K$299.0K$1.69M$384.9K$231.8K$334.1K
Gross profit$4.47M$905.6K$240.5K$59.5K-$47.0K$47.1K$238.5K$96.6K$176.9K$27.1K
Research and development$1.54M$2.29M$1.67M-------
Selling, general and admin$21.45M$14.62M$13.87M$4.98M$1.86M$201.9K$238.8K$268.7K$1.53M$126.3K
Operating income-$18.81M-$15.47M-$14.74M-$12.77M-$7.56M-$986.2K-$537.9K-$1.21M-$1.78M-$362.2K
Interest expense$592.8K$726.1K$616.2K$488.7K$294.9K$386.2K$72.0K$55.5K$13.3K$20.8K
Pre-tax income-$19.35M-$16.16M-$14.93M-------
Net income-$19.35M-$16.16M-$14.93M-$12.53M-$7.90M-$1.19M-$359.0K-$1.76M-$3.40M-$1.14M
EPS, basic-$3.16-$5.84-$8.44-$7.30-$6.90-$4.30-$0.10-$0.80-$1.70-$0.20
EPS, diluted-$3.16-$5.84-$8.44-$7.30-$6.90-$4.30-$0.10-$0.80-$1.70-$0.20
Diluted shares6.1M2.8M1.8M1.7M1.2M273,453.13.7M2.2M2.0M6.7M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$5.95M$4.88M$3.37M$14.62M$28.57M$1.11M$12.0K$25.3K$67.0K-
Receivables$504.0K$42.6K$463.1K$62.6K$62.7K$122.8K$3.0K$61.9K$189.5K$81.1K
Inventory$9.53M$5.19M$3.63M$1.35M$501.8K$40.8K$113.2K$289.5K$44.6K$79.0K
Current assets$16.79M$10.48M$9.12M$18.33M$34.03M$1.68M$253.7K$500.8K$712.8K$284.2K
Total assets$30.71M$25.74M$25.95M$32.76M$36.29M$1.90M$481.3K$557.4K$905.5K$336.7K
Current liabilities$6.73M$3.17M$7.17M$2.46M$1.80M$1.72M$1.32M$780.9K$533.9K$1.24M
Short-term debt$1.69M$223.0K$5.30M--$367.1K$267.9K$287.4K$275.8K$210.1K
Long-term debt$950.5K-----$39.2K---
Total debt$2.64M$5.26M$5.30M-$263.2K$88.1K$307.1K$287.4K$275.8K-
Total liabilities$7.84M$8.32M$7.78M$8.65M$2.11M$1.73M$1.36M$780.9K$533.9K$1.34M
Shareholders' equity$22.88M$17.41M$18.18M$24.12M$34.18M$169.5K-$882.6K-$223.6K$371.5K-$1.00M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$17.31M-$10.14M-$11.93M-$7.98M-$4.21M-$695.1K-$2.2K-$379.3K-$194.9K-$237.0K
Capital expenditures$789.5K$528.2K$3.69M$11.05M$1.10M$8.0K$98.4K$1.9K$4.9K$551
Free cash flow-$18.10M-$10.67M-$15.62M-$19.03M-$5.31M-$703.1K-$100.5K-$381.1K-$199.8K-$237.6K
Investing cash flow-$1.12M-$528.2K-$3.76M-$11.15M-$1.13M-$16.7K-$124.0K-$1.9K-$4.9K-$3.4K
Financing cash flow$19.50M$12.18M$4.43M$5.18M$32.80M$1.81M$117.8K$298.7K$307.4K$223.5K
Stock-based compensation$3.04M$2.92M$5.75M$4.90M$3.92M---$1.36M$17.0K
Depreciation and amortization$1.83M$1.75M$1.11M$486.6K$66.9K$27.0K$11.4K$1.5K$1.3K$998

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY89.8%454.7%1213.0%-61.6%-12.2%-82.0%300.1%17.8%13.2%-44.6%
Gross margin27.8%10.7%15.7%51.1%-15.5%13.6%12.4%20.1%43.3%7.5%
Operating margin-116.8%-182.3%-963.4%-10964.4%-2489.5%-284.9%-27.9%-251.5%-435.6%-100.3%
Net margin-120.2%-190.5%-976.0%-10759.0%-2599.9%-343.1%-18.6%-366.1%-832.7%-314.6%
Free cash flow margin-112.4%-125.7%-1021.2%-16330.5%-1748.9%-203.1%-5.2%-79.2%-48.9%-65.8%
Return on equity-84.6%-92.8%-82.1%-52.0%-23.1%-700.8%---916.0%-
Return on assets-63.0%-62.8%-57.5%-38.3%-21.8%-62.4%-74.6%-316.3%-375.8%-337.4%
Current ratio2.503.301.277.4518.940.980.190.641.340.23
Debt to equity0.120.300.29-0.010.52--0.74-

Source: XBRL data Worksport Ltd. files with the SEC, latest filing dated Aug 11, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-10, first reported Mar 27, 2025.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

WKSP peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
WKSP$18.30M+47.6%-$20.95M-114.5%$6.1M
TT$23.23B+10.3%$3.16B13.6%$92.06B
MGA$42.01B-1.9%$829.00M2.0%$16.12B
BWA$14.24B+0.4%$478.00M3.4%$10.33B
ALSN$5.24B+70.8%$583.00M11.1%$10.19B
ALV$11.07B+4.3%$624.00M5.6%$8.95B
APTV$16.71B+4.1%$769.00M4.6%$8.08B
MOD$3.63B+35.1%$130.20M3.6%$5.65B
LEA$23.79B+3.5%$584.40M2.5%$5.34B

WKSP FAQ

8 questions
  • What is WKSP revenue?
    Worksport Ltd. (WKSP) reported $18.30M of revenue for the twelve months ended Jun 30, 2026. That is up 47.6% from the year before. Revenue for fiscal 2025 was $16.10M.
  • Is WKSP profitable?
    No. Worksport Ltd. reported a net loss of $20.95M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does WKSP have?
    Worksport Ltd. reported $1.16M in cash and cash equivalents and $5.26M of debt on its most recent balance sheet in SEC filings.
  • How fast is WKSP revenue growing?
    Worksport Ltd.'s revenue changed +89.8% in fiscal 2025, to $16.10M. Its compound annual growth rate was +115.5% over 5 years and +37.8% over 10 years.
  • What is WKSP gross margin?
    Worksport Ltd.'s gross profit was $5.50M on $18.30M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 30.1%.
  • What is WKSP free cash flow?
    Worksport Ltd. generated -$22.75M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$22.06M less capital expenditures.
  • When did WKSP last report financial results?
    The latest statements here come from Worksport Ltd.'s 10-Q filed on Aug 11, 2026, covering the period ended Jun 30, 2026.
  • Where does this WKSP financial data come from?
    Quantisnow builds these statements from the structured XBRL data Worksport Ltd. files with the SEC. It is provided for information only and is not investment advice.