Worksport Ltd (WKSP) Financial Statements
Industry: Motor Vehicle Parts & Accessories
In fiscal 2025, Worksport reported revenue of $16.1M, up 89.8% from $8.5M the year before. Net income was -$19.4M (a -120.2% net margin), or -$3.16 per diluted share. Gross margin was 27.8% and operating margin was -116.8%. Operating activities generated -$17.3M of cash, leaving -$18.1M of free cash flow. At fiscal year end, Worksport held $30.7M in total assets against $7.8M in total liabilities, including $5.9M of cash and equivalents.
Open the full interactive Worksport financials → Quarterly statements, key ratios, valuation history and price charts.
Worksport Key Stats
| Share Price | $0.38 |
|---|---|
| Market Cap | $4.6M |
| Revenue YoY Growth | +89.8% |
| 52-Week Range | $0.38 – $3.64 |
| Shares Outstanding | 11.9 million (basic, 2026 Q2) |
Worksport Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $346,144 | $303,750 | $116,502 | $1.5M | $8.5M | $16.1M |
| Cost of Goods Sold | $298,996 | $350,702 | $56,967 | $1.3M | $7.6M | $11.6M |
| Gross Profit | $47,148 | -$46,952 | $59,535 | $240,514 | $905,650 | $4.5M |
| Operating Income | -$986,239 | -$7.6M | -$12.8M | -$14.7M | -$15.5M | -$18.8M |
| Pre-Tax Income | -$1.2M | -$7.9M | -$12.5M | -$14.9M | -$16.2M | -$19.4M |
| Income Tax | — | — | — | — | -$211 | — |
| Net Income | -$1.2M | -$7.9M | -$12.5M | -$14.9M | -$16.2M | -$19.4M |
| Diluted EPS | -$4.00 | -$6.90 | -$7.30 | -$8.40 | -$5.84 | -$3.16 |
Worksport Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $5.0M | $4.7M | $3.3M | $5.2M |
| Net Income | -$4.9M | -$6.2M | -$5.8M | -$4.0M |
| Diluted EPS | -$0.75 | -$1.01 | -$0.54 | -$0.33 |
Worksport Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.1M | $28.6M | $14.6M | $3.4M | $4.9M | $5.9M |
| Current Assets | $1.7M | $34.0M | $18.3M | $9.1M | $10.5M | $16.8M |
| Total Assets | $1.9M | $36.3M | $32.8M | $26.0M | $25.7M | $30.7M |
| Current Liabilities | $1.7M | $1.8M | $2.5M | $7.2M | $3.2M | $6.7M |
| Total Long-Term Debt | $455,178 | $222,677 | $5.3M | — | $5.3M | $2.7M |
| Total Liabilities | $1.7M | $2.1M | $8.6M | $7.8M | $8.3M | $7.8M |
| Shareholders' Equity | $169,475 | $34.2M | $24.1M | $18.2M | $17.4M | $22.9M |
Worksport Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$726,304 | -$4.0M | -$8.0M | -$11.9M | -$10.1M | -$17.3M |
| Cash From Investing | -$16,727 | -$1.1M | -$11.2M | -$3.8M | -$528,235 | -$1.1M |
| Cash From Financing | $1.8M | $32.6M | $5.2M | $4.4M | $12.2M | $19.5M |
| Free Cash Flow | -$734,266 | -$5.1M | -$19.0M | -$15.6M | -$10.7M | -$18.1M |
Figures from Worksport's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Worksport financials page for every line item.
Worksport Company Profile
| Ticker | WKSP |
|---|---|
| Exchange | Nasdaq |
| Industry | Motor Vehicle Parts & Accessories |
| Headquarters | West Seneca, New York |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001096275 |
Frequently Asked Questions
What was Worksport's revenue in fiscal 2025?
Worksport (WKSP) reported revenue of $16.1M for fiscal 2025.
What is Worksport's annual revenue history?
Worksport's annual revenue by fiscal year: 2020: $346,144; 2021: $303,750; 2022: $116,502; 2023: $1.5M; 2024: $8.5M; 2025: $16.1M.
What was Worksport's net income in fiscal 2025?
Worksport reported net income of -$19.4M for fiscal 2025.
What was Worksport's earnings per share (EPS) in fiscal 2025?
Worksport's diluted EPS was -$3.16 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Worksport generate in fiscal 2025?
Worksport generated -$18.1M of free cash flow in fiscal 2025.
What was Worksport's revenue last quarter?
In its most recent reported quarter (2026 Q2), Worksport reported revenue of $5.2M.
How much debt does Worksport have?
Worksport reported $2.7M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Worksport are outstanding?
Worksport reported a weighted average of 11.9 million basic shares outstanding in 2026 Q2.
What is Worksport's market cap?
Based on its latest closing price, Worksport (WKSP) has a market capitalization of about $4.6M.
When does Worksport's fiscal year end?
Worksport's fiscal year end, as registered with the SEC, is December 31.
Where is Worksport headquartered?
Worksport lists its business address in West Seneca, New York in its SEC filings.