Worksport LtdWKSPEarnings & Financial Report
Nasdaq
WKSP Q3 2025 Key Financial Metrics
Revenue
$5.0M
Gross Profit
$1.6M
Operating Profit
$-4.8M
Net Profit
$-4.9M
Gross Margin
31.3%
Operating Margin
-95.6%
Net Margin
-98.3%
YoY Growth
60.6%
EPS
$-0.75
Financial Flow
Worksport Ltd Q3 2025 Financial Summary
Worksport Ltd reported revenue of $5.0M for Q3 2025, with a net profit of $-4.9M (-98.3% margin). Cost of goods sold was $3.4M, operating expenses totaled $6.4M.
Key Financial Metrics
| Total Revenue | $5.0M |
|---|---|
| Net Profit | $-4.9M |
| Gross Margin | 31.3% |
| Operating Margin | -95.6% |
| Report Period | Q3 2025 |
Worksport Ltd Annual Revenue by Year
Worksport Ltd annual revenue history includes year-by-year totals (for example, 2024 revenue was $8.5M).
| Year | Annual Revenue |
|---|---|
| 2024 | $8.5M |
| 2023 | $1.5M |
| 2022 | $116.5K |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $839373 | $512637 | $1.9M | $3.1M | $2.9M | $2.2M | $4.1M | $5.0M |
| YoY Growth | 2048.8% | 1505.8% | 861.5% | 581.0% | 248.8% | 337.0% | 113.6% | 60.6% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $26.0M | $27.3M | $27.2M | $24.9M | $25.7M | $26.7M | $23.6M | $27.0M |
| Liabilities | $7.8M | $8.4M | $8.0M | $8.6M | $8.3M | $6.5M | $6.3M | $7.3M |
| Equity | $18.2M | $18.9M | $19.1M | $16.4M | $17.4M | $20.1M | $17.3M | $19.8M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-3.7M | $-2.8M | $-3.6M | $-1.5M | $-2.2M | $-3.8M | $-3.1M | $-4.3M |