WKSP

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Worksport, Ltd.

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Key Metrics

Previous Close: $0.64
52-Week Range: $0.57 – $4.30
Market Cap: $9.33M
P/E (TTM): —
EPS (TTM): -2.32
Dividend Yield: —

Advanced Metrics

Price/Book: 0.36
PEG Ratio: —
Return on Equity: -115.14%
Return on Assets: -49.61%
Gross Margin: 30.06%
Operating Margin: -73.05%
Profit Margin: -114.49%
Current Ratio: 3.79
Debt/Equity: 0.29
Total Debt: $5.47M
Free Cash Flow: $-15.36M
Revenue Growth: 27.40%
Earnings Growth: —
Enterprise Value: $13.52M

WKSP Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$116.50K	$1.53M	$8.48M	$16.10M
Cost of Revenue	$56.97K	$1.29M	$7.58M	$11.63M
Gross Profit	$59.53K	$240.51K	$905.65K	$4.47M
Research & Development	—	$1.67M	$2.29M	$1.54M
Selling, General & Admin	$12.84M	$13.31M	$14.10M	$21.75M
Operating Expenses	$12.84M	$14.98M	$16.39M	$23.29M
Operating Income	-$12.78M	-$14.74M	-$15.48M	-$18.82M
EBITDA	-$11.56M	-$13.20M	-$13.68M	-$16.93M
Pretax Income	-$12.53M	-$14.93M	-$16.16M	-$19.35M
Net Income	-$12.53M	-$14.93M	-$16.16M	-$19.35M
Diluted EPS	-7.30	-8.44	-5.84	-3.16
Diluted Shares	1.71M	1.77M	2.77M	6.14M

WKSP Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$14.21M	$2.63M	$4.88M	$5.95M
Receivables	$330.63K	$628.99K	$212.32K	$782.00K
Inventory	$1.35M	$3.63M	$5.19M	$9.53M
Current Assets	$18.33M	$9.12M	$10.48M	$16.79M
Total Assets	$32.76M	$25.95M	$25.74M	$30.71M
Current Liabilities	$2.46M	$7.17M	$3.17M	$6.73M
Long-Term Debt	$5.30M	—	$4.78M	$950.48K
Total Debt	$6.62M	$6.24M	$5.62M	$2.91M
Total Liabilities	$8.65M	$7.78M	$8.32M	$7.84M
Retained Earnings	-$33.38M	-$48.31M	-$64.48M	-$83.87M
Shareholders' Equity	$24.12M	$18.18M	$17.41M	$22.88M
Working Capital	$15.87M	$1.96M	$7.30M	$10.06M
Net Debt	—	$2.67M	$120.90K	—

WKSP Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$7.98M	-$11.93M	-$10.14M	-$17.31M
Capital Expenditure	-$11.15M	-$3.69M	-$528.24K	-$1.12M
Free Cash Flow	-$19.13M	-$15.62M	-$10.67M	-$18.43M
Depreciation & Amortisation	$486.58K	$1.11M	$1.75M	$1.83M
Investing Cash Flow	-$11.15M	-$3.76M	-$528.24K	-$1.12M
Financing Cash Flow	$5.18M	$4.43M	$12.18M	$19.50M
Net Change in Cash	-$13.95M	-$11.25M	$1.52M	$1.06M

WKSP Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$2.24M	$4.10M	$5.01M	$4.74M	$3.31M
Cost of Revenue	$1.84M	$3.02M	$3.45M	$3.32M	$2.46M
Gross Profit	$396.22K	$1.08M	$1.57M	$1.43M	$853.95K
Research & Development	$369.60K	$304.83K	$301.10K	$563.39K	$205.33K
Selling, General & Admin	$4.28M	$4.40M	$6.06M	$6.99M	$6.40M
Operating Expenses	$4.65M	$4.70M	$6.36M	$7.56M	$6.60M
Operating Income	-$4.26M	-$3.62M	-$4.79M	-$6.13M	-$5.75M
EBITDA	-$3.82M	-$3.16M	-$4.32M	-$5.62M	-$5.31M
Pretax Income	-$4.46M	-$3.73M	-$4.93M	-$6.23M	-$5.83M
Net Income	-$4.46M	-$3.73M	-$4.93M	-$6.23M	-$5.83M
Diluted EPS	-1.05	-0.71	-0.75	—	-0.54
Diluted Shares	4.26M	5.29M	6.56M	—	10.78M

WKSP Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$5.08M	$1.39M	$3.76M	$5.95M	$566.58K
Receivables	$264.69K	$524.05K	$724.78K	$782.00K	$770.51K
Inventory	$5.73M	$5.88M	$6.84M	$9.53M	$11.62M
Current Assets	$11.45M	$8.49M	$12.38M	$16.79M	$13.47M
Total Assets	$26.66M	$23.58M	$27.05M	$30.71M	$27.88M
Current Liabilities	$3.52M	$3.73M	$6.07M	$6.73M	$6.89M
Long-Term Debt	$2.71M	$2.09M	$1.01M	$950.48K	$884.26K
Total Debt	$3.49M	$3.09M	$3.09M	$2.91M	$3.66M
Total Liabilities	$6.54M	$6.26M	$7.27M	$7.84M	$7.90M
Retained Earnings	-$68.94M	-$72.67M	-$77.62M	-$83.87M	-$89.73M
Shareholders' Equity	$20.13M	$17.32M	$19.78M	$22.88M	$19.98M
Working Capital	$7.94M	$4.76M	$6.31M	$10.06M	$6.58M
Net Debt	—	$936.09K	—	—	$2.85M

WKSP Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$3.84M	-$3.10M	-$4.26M	-$6.12M	-$8.23M
Capital Expenditure	-$458.34K	-$68.08K	-$484.46K	-$108.62K	-$103.64K
Free Cash Flow	-$4.30M	-$3.16M	-$4.74M	-$6.23M	-$8.34M
Depreciation & Amortisation	$444.97K	$443.90K	$470.65K	$474.79K	$426.23K
Investing Cash Flow	-$458.34K	-$124.45K	-$484.46K	-$52.25K	-$103.64K
Financing Cash Flow	$4.50M	-$467.66K	$7.11M	$8.36M	$2.96M
Dividends Paid	$0.00	—	—	—	-$27.39K
Net Change in Cash	$197.27K	-$3.69M	$2.37M	$2.18M	-$5.38M

Market Snapshot

About

Worksport Ltd. is a company that designs, develops, and manufactures truck bed covers and related products. The company focuses on innovative tonneau covers and is developing portable solar charging systems for pickup trucks. Worksport targets the light truck and automotive accessories market.