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Side-by-side financial comparison of PURE CYCLE CORP (PCYO) and Worksport Ltd (WKSP). Click either name above to swap in a different company.
PURE CYCLE CORP is the larger business by last-quarter revenue ($9.1M vs $4.7M, roughly 1.9× Worksport Ltd). On growth, Worksport Ltd posted the faster year-over-year revenue change (62.0% vs 58.8%). Over the past eight quarters, Worksport Ltd's revenue compounded faster (204.2% CAGR vs 69.0%).
Pure Cycles, is a bicycle company based in Los Angeles, California that was founded by Michael Fishman, Jordan Schau, Zachary Schau and Austin Stoffers in 2010, as Pure Fix Cycles.
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.
PCYO vs WKSP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $9.1M | $4.7M |
| Net Profit | $4.6M | — |
| Gross Margin | 68.4% | 30.1% |
| Operating Margin | 48.0% | -129.6% |
| Net Margin | 50.0% | — |
| Revenue YoY | 58.8% | 62.0% |
| Net Profit YoY | 16.0% | — |
| EPS (diluted) | $0.19 | $-0.65 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $9.1M | $4.7M | ||
| Q3 25 | $11.2M | $5.0M | ||
| Q2 25 | $5.1M | $4.1M | ||
| Q1 25 | $4.0M | $2.2M | ||
| Q4 24 | $5.8M | $2.9M | ||
| Q3 24 | $12.6M | $3.1M | ||
| Q2 24 | $7.6M | $1.9M | ||
| Q1 24 | $3.2M | $512.6K |
| Q4 25 | $4.6M | — | ||
| Q3 25 | $6.1M | $-4.9M | ||
| Q2 25 | $2.3M | $-3.7M | ||
| Q1 25 | $809.0K | $-4.5M | ||
| Q4 24 | $3.9M | — | ||
| Q3 24 | $6.6M | $-4.1M | ||
| Q2 24 | $2.8M | $-4.0M | ||
| Q1 24 | $118.0K | $-3.7M |
| Q4 25 | 68.4% | 30.1% | ||
| Q3 25 | 67.7% | 31.3% | ||
| Q2 25 | 63.4% | 26.4% | ||
| Q1 25 | 38.2% | 17.7% | ||
| Q4 24 | 63.8% | 11.1% | ||
| Q3 24 | 77.8% | 7.9% | ||
| Q2 24 | 64.0% | 15.4% | ||
| Q1 24 | 55.6% | 7.3% |
| Q4 25 | 48.0% | -129.6% | ||
| Q3 25 | 53.1% | -95.6% | ||
| Q2 25 | 26.0% | -88.1% | ||
| Q1 25 | -33.2% | -190.0% | ||
| Q4 24 | 29.9% | -137.0% | ||
| Q3 24 | 62.0% | -125.1% | ||
| Q2 24 | 40.3% | -203.5% | ||
| Q1 24 | -11.5% | -709.9% |
| Q4 25 | 50.0% | — | ||
| Q3 25 | 54.5% | -98.3% | ||
| Q2 25 | 43.9% | -91.0% | ||
| Q1 25 | 20.3% | -199.1% | ||
| Q4 24 | 68.4% | — | ||
| Q3 24 | 52.6% | -132.4% | ||
| Q2 24 | 37.2% | -208.9% | ||
| Q1 24 | 3.7% | -724.6% |
| Q4 25 | $0.19 | $-0.65 | ||
| Q3 25 | $0.26 | $-0.75 | ||
| Q2 25 | $0.09 | $-0.71 | ||
| Q1 25 | $0.03 | $-1.05 | ||
| Q4 24 | $0.16 | $-1.14 | ||
| Q3 24 | $0.27 | $-1.40 | ||
| Q2 24 | $0.12 | $-1.55 | ||
| Q1 24 | $0.00 | $-1.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $17.1M | $5.9M |
| Total DebtLower is stronger | $8.0M | $2.7M |
| Stockholders' EquityBook value | $147.5M | $22.9M |
| Total Assets | $168.1M | $30.7M |
| Debt / EquityLower = less leverage | 0.05× | 0.12× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.1M | $5.9M | ||
| Q3 25 | $21.9M | $3.8M | ||
| Q2 25 | $14.4M | $1.4M | ||
| Q1 25 | $16.5M | $5.1M | ||
| Q4 24 | $19.0M | $4.9M | ||
| Q3 24 | $22.1M | $1.9M | ||
| Q2 24 | $20.5M | $3.4M | ||
| Q1 24 | $20.6M | $3.5M |
| Q4 25 | $8.0M | $2.7M | ||
| Q3 25 | $6.8M | $2.9M | ||
| Q2 25 | $6.9M | $2.5M | ||
| Q1 25 | $6.9M | $3.1M | ||
| Q4 24 | $6.9M | $5.3M | ||
| Q3 24 | $6.9M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $147.5M | $22.9M | ||
| Q3 25 | $142.7M | $19.8M | ||
| Q2 25 | $136.7M | $17.3M | ||
| Q1 25 | $134.4M | $20.1M | ||
| Q4 24 | $133.6M | $17.4M | ||
| Q3 24 | $129.7M | $16.4M | ||
| Q2 24 | $123.2M | $19.1M | ||
| Q1 24 | $120.4M | $18.9M |
| Q4 25 | $168.1M | $30.7M | ||
| Q3 25 | $162.3M | $27.0M | ||
| Q2 25 | $151.7M | $23.6M | ||
| Q1 25 | $149.7M | $26.7M | ||
| Q4 24 | $149.7M | $25.7M | ||
| Q3 24 | $147.4M | $24.9M | ||
| Q2 24 | $140.4M | $27.2M | ||
| Q1 24 | $135.2M | $27.3M |
| Q4 25 | 0.05× | 0.12× | ||
| Q3 25 | 0.05× | 0.15× | ||
| Q2 25 | 0.05× | 0.14× | ||
| Q1 25 | 0.05× | 0.16× | ||
| Q4 24 | 0.05× | 0.30× | ||
| Q3 24 | 0.05× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-979.0K | $-6.1M |
| Free Cash FlowOCF − Capex | — | $-6.3M |
| FCF MarginFCF / Revenue | — | -132.4% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | -0.21× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-979.0K | $-6.1M | ||
| Q3 25 | $9.4M | $-4.3M | ||
| Q2 25 | $-503.0K | $-3.1M | ||
| Q1 25 | $-1.4M | $-3.8M | ||
| Q4 24 | $5.7M | $-2.2M | ||
| Q3 24 | $3.1M | $-1.5M | ||
| Q2 24 | $892.0K | $-3.6M | ||
| Q1 24 | $-457.0K | $-2.8M |
| Q4 25 | — | $-6.3M | ||
| Q3 25 | — | $-4.6M | ||
| Q2 25 | — | $-3.2M | ||
| Q1 25 | — | $-4.0M | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | — | $-1.7M | ||
| Q2 24 | — | $-3.7M | ||
| Q1 24 | — | $-3.0M |
| Q4 25 | — | -132.4% | ||
| Q3 25 | — | -92.1% | ||
| Q2 25 | — | -77.1% | ||
| Q1 25 | — | -180.4% | ||
| Q4 24 | — | -75.4% | ||
| Q3 24 | — | -54.5% | ||
| Q2 24 | — | -195.1% | ||
| Q1 24 | — | -586.7% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 7.3% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 9.0% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 6.4% | ||
| Q1 24 | — | 41.5% |
| Q4 25 | -0.21× | — | ||
| Q3 25 | 1.53× | — | ||
| Q2 25 | -0.22× | — | ||
| Q1 25 | -1.70× | — | ||
| Q4 24 | 1.44× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.32× | — | ||
| Q1 24 | -3.87× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PCYO
| Construction | $6.5M | 71% |
| Water And Wastewater Resource Development Segment | $2.5M | 27% |
WKSP
Segment breakdown not available.
