Worksport LtdWKSPEarnings & Financial Report
Worksport Ltd is a cleantech company specializing in portable solar energy solutions and custom truck bed accessories. Its core offerings include solar-powered tonneau covers for pickup trucks and portable mobile power stations, serving the North American automotive aftermarket and consumer clean energy segments.
WKSP Q4 FY2025 Key Financial Metrics
Revenue
$4.7M
Gross Profit
$1.4M
Operating Profit
$-6.1M
Net Profit
N/A
Gross Margin
30.1%
Operating Margin
-129.6%
Net Margin
N/A
YoY Growth
62.0%
EPS
$-0.65
Worksport Ltd Q4 FY2025 Financial Summary
Worksport Ltd reported revenue of $4.7M (up 62.0% YoY) for Q4 FY2025, with a net profit of N/A (N/A margin). Cost of goods sold was $3.3M, operating expenses totaled $7.6M.
Key Financial Metrics
| Total Revenue | $4.7M |
|---|---|
| Net Profit | N/A |
| Gross Margin | 30.1% |
| Operating Margin | -129.6% |
| Report Period | Q4 FY2025 |
Worksport Ltd Annual Revenue by Year
Worksport Ltd annual revenue history includes year-by-year totals (for example, 2025 revenue was $16.1M).
Worksport Ltd Quarterly Revenue & Net Profit History
Worksport Ltd results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $4.7M | +62.0% | N/A | N/A |
| Q3 FY2025 | $5.0M | +60.6% | $-4.9M | -98.3% |
| Q2 FY2025 | $4.1M | +113.6% | $-3.7M | -91.0% |
| Q1 FY2025 | $2.2M | +337.0% | $-4.5M | -199.1% |
| Q4 FY2024 | $2.9M | +248.8% | N/A | N/A |
| Q3 FY2024 | $3.1M | +581.0% | $-4.1M | -132.4% |
| Q2 FY2024 | $1.9M | +861.5% | $-4.0M | -208.9% |
| Q1 FY2024 | $512.6K | +1505.8% | $-3.7M | -724.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $512637 | $1.9M | $3.1M | $2.9M | $2.2M | $4.1M | $5.0M | $4.7M |
| YoY Growth | 1505.8% | 861.5% | 581.0% | 248.8% | 337.0% | 113.6% | 60.6% | 62.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $27.3M | $27.2M | $24.9M | $25.7M | $26.7M | $23.6M | $27.0M | $30.7M |
| Liabilities | $8.4M | $8.0M | $8.6M | $8.3M | $6.5M | $6.3M | $7.3M | $7.8M |
| Equity | $18.9M | $19.1M | $16.4M | $17.4M | $20.1M | $17.3M | $19.8M | $22.9M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-2.8M | $-3.6M | $-1.5M | $-2.2M | $-3.8M | $-3.1M | $-4.3M | $-6.1M |