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Worksport (WKSP) Financials

Worksport logo
$0.62 -0.04 (-6.43%)
Closing price 04:00 PM Eastern
Extended Trading
$0.62 +0.00 (+0.56%)
As of 07:02 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Worksport

Annual Income Statements for Worksport

This table shows Worksport's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -0.10 -3.49 -1.14 -3.40 -0.36 -1.19 -7.90 -13 -15 -16 -19
Consolidated Net Income / (Loss)		 -0.48 -3.49 -1.14 -3.40 -0.36 -1.19 -7.90 -13 -15 -16 -19
Net Income / (Loss) Continuing Operations		 -0.10 -3.49 -1.14 -3.40 -0.36 -1.19 -7.90 -13 -15 -16 -19
Total Pre-Tax Income 		-0.10 -3.49 -1.14 -3.40 -0.36 -1.19 -7.90 -13 -15 -16 -19
Total Operating Income		 -0.09 -3.43 -0.36 -1.78 -0.54 -0.99 -7.56 -13 -15 -15 -19
Total Gross Profit		 0.16 0.12 0.03 0.18 0.24 0.05 -0.05 0.06 0.24 0.91 4.47
Total Revenue		 0.59 0.65 0.36 0.41 1.93 0.35 0.30 0.12 1.53 8.48 16
Operating Revenue		 0.59 0.65 0.36 0.41 1.93 0.35 0.30 0.12 1.53 8.48 16
Total Cost of Revenue		 0.44 0.53 0.33 0.23 1.69 0.30 0.35 0.06 1.29 7.58 12
Operating Cost of Revenue		 0.44 0.53 0.33 0.23 1.69 0.30 0.35 0.06 1.29 7.58 12
Total Operating Expenses		 0.25 3.54 0.39 1.96 0.78 1.03 7.51 13 15 16 23
Selling, General & Admin Expense		 0.14 3.32 0.32 1.95 0.75 0.88 6.12 10 12 12 15
Marketing Expense		 0.09 0.20 0.06 0.00 0.05 0.15 1.39 2.45 1.48 2.39 6.95
Research & Development Expense		 0.00 - - - - - - - 1.67 2.29 1.54
Total Other Income / (Expense), net		 -0.01 -0.06 -0.77 -1.62 0.18 -0.20 -0.34 0.24 -0.19 -0.70 -0.54
Interest Expense		 - 0.01 0.12 1.05 -0.18 0.39 0.28 0.19 0.62 0.73 0.59
Other Income / (Expense), net		 -0.01 -0.05 -0.65 -0.57 - 0.18 -0.06 0.21 0.00 0.04 0.06
Basic Earnings per Share		 - ($0.09) ($0.02) ($0.17) ($0.01) ($0.43) - ($0.73) ($8.44) ($5.84) ($3.16)
Weighted Average Basic Shares Outstanding		 40.54M 40.46M 67.27M 20.39M 36.82M 2.73M 11.50M 17.08M 1.77M 2.77M 6.14M
Diluted Earnings per Share		 - ($0.09) ($0.02) ($0.17) ($0.01) ($0.43) ($0.69) ($0.73) ($8.44) ($5.84) ($3.16)
Weighted Average Diluted Shares Outstanding		 40.54M 40.46M 67.27M 20.39M 36.82M 2.73M 11.50M 17.08M 1.77M 2.77M 6.14M
Weighted Average Basic & Diluted Shares Outstanding		 40.54M 40.46M 67.27M 20.39M 36.82M 2.73M 11.50M 17.16M 24.10M 4.80M 11.89M

Quarterly Income Statements for Worksport

This table shows Worksport's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -3.95 -3.66 -3.71 -4.01 -4.13 -4.30 -4.46 -3.73 -4.93 -6.23 -5.83
Consolidated Net Income / (Loss)		 -3.95 -3.66 -3.71 -4.01 -4.13 -4.30 -4.46 -3.73 -4.93 -6.23 -5.83
Net Income / (Loss) Continuing Operations		 -3.98 -3.63 -3.71 -4.01 -4.13 -4.29 -4.46 -3.73 -4.93 -6.23 -5.83
Total Pre-Tax Income 		-3.95 -3.66 -3.71 -4.01 -4.13 -4.29 -4.46 -3.73 -4.93 -6.23 -5.83
Total Operating Income		 -3.92 -3.55 -3.64 -3.91 -3.91 -4.01 -4.26 -3.62 -4.79 -6.15 -5.74
Total Gross Profit		 0.09 0.09 0.04 0.30 0.25 0.32 0.40 1.08 1.57 1.43 0.85
Total Revenue		 0.46 0.84 0.51 1.92 3.12 2.93 2.24 4.10 5.01 4.74 3.31
Operating Revenue		 0.46 0.84 0.51 1.92 3.12 2.93 2.24 4.10 5.01 4.74 3.31
Total Cost of Revenue		 0.37 0.75 0.48 1.62 2.88 2.60 1.84 3.02 3.45 3.32 2.46
Operating Cost of Revenue		 0.37 0.75 0.48 1.62 2.88 2.60 1.84 3.02 3.45 3.32 2.46
Total Operating Expenses		 4.01 3.64 3.68 4.21 4.15 4.35 4.65 4.70 6.36 7.58 6.60
Selling, General & Admin Expense		 3.63 1.96 3.24 2.67 3.10 2.71 3.41 3.09 3.70 4.60 4.24
Marketing Expense		 0.38 0.01 0.07 0.48 0.66 1.18 0.87 1.31 2.36 2.41 2.16
Research & Development Expense		 - - 0.38 1.05 0.40 0.47 0.37 0.30 0.30 0.56 0.21
Total Other Income / (Expense), net		 -0.03 -0.11 -0.08 -0.10 -0.23 -0.29 -0.20 -0.12 -0.14 -0.08 -0.08
Interest Expense		 0.11 0.16 0.12 0.13 0.23 0.24 0.20 0.13 0.14 0.13 0.09
Other Income / (Expense), net		 - - 0.00 0.00 - - -0.01 0.00 - - 0.01
Basic Earnings per Share		 ($0.23) ($2.07) ($1.75) ($1.55) ($1.40) ($1.55) ($1.05) ($0.71) ($0.75) ($1.01) ($0.54)
Weighted Average Basic Shares Outstanding		 17.43M 1.77M 2.12M 2.60M 2.94M 2.77M 4.26M 5.29M 6.56M 6.14M 10.78M
Diluted Earnings per Share		 ($0.23) ($2.07) ($1.75) ($1.55) ($1.40) ($1.55) ($1.05) ($0.71) ($0.75) ($1.01) ($0.54)
Weighted Average Diluted Shares Outstanding		 17.43M 1.77M 2.12M 2.60M 2.94M 2.77M 4.26M 5.29M 6.56M 6.14M 10.78M
Weighted Average Basic & Diluted Shares Outstanding		 19.43M 24.10M 25.59M 29.65M 32.94M 4.80M 5.20M 6.64M 8.25M 11.89M 12.53M

Annual Cash Flow Statements for Worksport

This table details how cash moves in and out of Worksport's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.14 -0.14 -0.01 0.07 -0.03 1.10 27 -2.82 -11 1.52 1.06
Net Cash From Operating Activities		 -0.06 -0.54 -0.24 -0.19 -0.00 -0.70 -4.21 -7.98 -12 -10 -17
Net Cash From Continuing Operating Activities		 -0.06 -0.44 -0.65 -0.19 -0.02 -0.70 12 3.14 -12 -10 -17
Net Income / (Loss) Continuing Operations		 -0.48 -3.49 -1.14 -3.40 -0.36 -1.19 7.90 13 -15 0.00 0.00
Depreciation Expense		 0.00 0.00 0.00 0.00 0.01 0.03 0.07 0.49 1.11 1.75 1.83
Non-Cash Adjustments To Reconcile Net Income		 0.21 3.00 0.74 3.03 -0.19 0.34 4.00 4.64 5.74 -13 -16
Changes in Operating Assets and Liabilities, net		 0.20 -0.05 0.16 0.18 0.53 -0.17 -0.61 -15 -3.85 1.30 -3.07
Net Cash From Investing Activities		 -0.21 -0.14 -0.00 -0.00 -0.12 -0.02 -1.13 -11 -3.76 -0.53 -1.12
Net Cash From Continuing Investing Activities		 -0.21 -0.14 -0.00 -0.00 -0.12 -0.02 -1.13 -11 -3.76 -0.53 -1.12
Purchase of Property, Plant & Equipment		 0.00 -0.04 -0.00 -0.00 -0.10 -0.01 -1.10 -11 -3.69 -0.53 -0.79
Purchase of Investments		 - - - - -0.02 -0.01 - 0.00 -0.07 0.00 -0.33
Net Cash From Financing Activities		 0.35 0.57 0.22 0.31 0.12 1.81 33 5.18 4.43 12 19
Net Cash From Continuing Financing Activities		 0.35 0.57 0.22 0.31 0.12 1.81 33 5.18 4.43 12 19
Repayment of Debt		 0.00 -0.05 -0.02 -0.03 - -0.02 -0.06 -0.12 -0.04 -12 -16
Issuance of Debt		 0.01 0.10 0.22 0.18 0.11 0.65 0.01 5.30 0.00 12 14
Issuance of Preferred Equity		 - - - - - - - - - 0.00 3.08
Issuance of Common Equity		 - - 0.01 0.14 0.03 1.01 24 0.00 4.48 8.74 6.47
Other Financing Activities, net		 0.35 0.53 0.01 0.02 -0.02 0.17 8.45 - 0.00 3.74 12
Cash Interest Paid		 - 0.02 0.05 0.01 0.01 0.01 0.00 0.48 0.63 0.73 0.59
Cash Income Taxes Paid		 - 0.00 0.00 - - 0.00 0.00 0.00 0.00 0.00 0.00

Quarterly Cash Flow Statements for Worksport

This table details how cash moves in and out of Worksport's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -2.94 0.40 0.17 -0.11 -1.57 3.03 0.20 -3.69 2.37 2.18 -5.38
Net Cash From Operating Activities		 -2.18 -3.74 -2.79 -3.63 -1.54 -2.18 -3.84 -3.10 -4.26 -6.12 -8.23
Net Cash From Continuing Operating Activities		 -2.18 -3.74 -2.79 -3.63 -1.54 -2.18 -3.84 -3.10 -4.26 -6.12 -8.23
Net Income / (Loss) Continuing Operations		 -3.95 -3.66 0.00 - - - 0.00 - - - 0.00
Depreciation Expense		 0.56 0.09 0.38 0.23 0.40 0.73 0.44 0.44 0.47 0.47 0.43
Non-Cash Adjustments To Reconcile Net Income		 1.19 1.05 -2.47 -3.14 -3.15 -4.44 -3.85 -2.97 -4.18 -5.08 -5.08
Changes in Operating Assets and Liabilities, net		 0.03 -1.21 -0.71 -0.72 1.20 1.52 -0.44 -0.57 -0.54 -1.52 -3.58
Net Cash From Investing Activities		 -0.85 -0.24 -0.21 -0.12 -0.16 -0.03 -0.46 -0.12 -0.48 -0.05 -0.10
Net Cash From Continuing Investing Activities		 -0.85 -0.24 -0.21 -0.12 -0.16 -0.03 -0.46 -0.12 -0.48 -0.05 -0.10
Purchase of Property, Plant & Equipment		 -0.85 -0.24 -0.21 -0.12 -0.16 -0.03 -0.20 -0.07 -0.36 -0.16 -0.10
Acquisitions		 - - 0.00 - - - -0.26 0.00 -0.12 - 0.00
Net Cash From Financing Activities		 0.09 4.38 3.18 3.64 0.13 5.23 4.50 -0.47 7.11 8.36 2.96
Net Cash From Continuing Financing Activities		 0.09 4.38 3.18 3.64 0.13 5.23 4.50 -0.47 7.11 8.36 2.96
Repayment of Debt		 0.04 -0.04 0.00 - -8.75 -3.33 -2.18 -3.95 -4.93 -5.09 -3.42
Payment of Dividends		 - - - - - - 0.00 - - - -0.03
Issuance of Debt		 - - -0.02 - 8.79 3.01 0.11 3.34 5.39 4.94 4.20
Issuance of Common Equity		 0.09 4.38 3.20 - - 5.54 0.18 0.12 4.58 1.59 2.21
Other Financing Activities, net		 -0.04 0.04 0.00 3.64 0.09 0.01 6.38 - - 5.93 0.00
Cash Interest Paid		 0.20 0.15 0.14 0.15 0.20 0.24 0.14 0.08 0.08 0.29 0.09
Cash Income Taxes Paid		 - - 0.00 - - - 0.00 - - - 0.00

Annual Balance Sheets for Worksport

This table presents Worksport's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 0.28 0.30 0.34 0.91 0.48 1.90 36 33 26 26 31
Total Current Assets		 0.28 0.25 0.28 0.71 0.25 1.68 34 18 9.12 10 17
Cash & Equivalents		 0.16 0.01 0.00 0.07 0.01 1.11 29 15 3.37 4.88 5.95
Accounts Receivable		 0.03 0.10 0.09 0.19 0.07 0.29 0.25 0.33 0.63 0.21 0.78
Inventories, net		 0.09 0.13 0.08 0.06 0.11 0.04 0.50 1.35 3.63 5.19 9.53
Prepaid Expenses		 0.01 0.00 0.12 0.39 0.06 0.25 4.72 2.03 1.50 0.19 0.53
Plant, Property, & Equipment, net		 0.00 0.04 0.04 0.04 0.09 0.09 1.13 12 14 14 13
Total Noncurrent Assets		 0.01 0.01 0.01 0.15 0.13 0.13 1.13 2.53 2.35 1.61 1.24
Long-Term Investments		 - - - - 0.02 0.02 0.02 0.02 0.09 0.07 0.07
Intangible Assets		 0.01 0.01 0.01 0.01 0.06 0.06 0.59 1.27 1.34 0.95 0.90
Other Noncurrent Operating Assets		 - - 0.00 0.14 0.06 0.04 0.52 1.24 0.92 0.60 0.27
Total Liabilities & Shareholders' Equity		 0.28 0.30 0.34 0.91 0.48 1.90 36 33 26 26 31
Total Liabilities		 0.29 0.30 1.34 0.53 1.36 1.73 2.11 8.65 7.78 8.32 7.84
Total Current Liabilities		 0.29 0.29 1.24 0.53 1.32 1.72 1.80 2.46 7.17 3.17 6.73
Short-Term Debt		 0.00 0.04 0.19 0.28 0.27 0.65 0.29 0.00 5.30 0.22 1.69
Accounts Payable		 0.29 0.25 0.34 0.23 0.97 1.00 1.18 2.03 1.26 1.53 3.11
Accrued Expenses		 - - - - - - - - 0.19 0.80 1.40
Current Employee Benefit Liabilities		 - - - - - - - - 0.09 0.38 0.42
Other Current Liabilities		 - - 0.70 0.02 0.05 0.02 0.21 0.43 0.33 0.25 0.11
Total Noncurrent Liabilities		 0.00 0.00 0.10 0.00 0.04 0.01 0.32 6.18 0.61 5.15 1.11
Long-Term Debt		 0.00 0.00 0.10 - - - 0.00 5.30 0.00 4.78 0.95
Other Noncurrent Operating Liabilities		 - - - - 0.04 0.01 0.32 - 0.61 0.37 0.16
Total Equity & Noncontrolling Interests		 -0.01 0.00 -0.99 0.39 -0.88 0.17 34 24 18 17 23
Total Preferred & Common Equity		 -0.01 0.00 -1.00 0.37 -0.88 0.17 34 24 18 17 23
Preferred Stock		 - 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -0.01 0.00 -0.99 0.38 -0.88 0.17 34 24 18 17 23
Common Stock		 0.00 3.97 4.19 7.47 8.65 13 55 57 65 80 101
Retained Earnings		 -0.56 -4.05 -5.19 -8.59 -12 -13 -21 -33 -48 -64 -84
Other Equity Adjustments		 0.56 0.08 -0.00 1.49 2.15 0.37 0.42 0.58 1.81 2.11 5.44

Quarterly Balance Sheets for Worksport

This table presents Worksport's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 25 27 27 25 27 24 27 28
Total Current Assets		 7.89 11 11 8.89 11 8.49 12 13
Cash & Equivalents		 2.97 3.54 3.43 1.86 5.08 1.39 3.76 0.57
Accounts Receivable		 0.68 0.31 0.76 0.62 0.26 0.52 0.72 0.77
Inventories, net		 3.55 6.54 6.39 6.14 5.73 5.88 6.84 12
Prepaid Expenses		 0.69 0.34 0.15 0.26 0.38 0.69 1.06 0.51
Plant, Property, & Equipment, net		 14 14 14 14 13 13 13 13
Total Noncurrent Assets		 2.40 2.23 2.13 2.09 1.71 1.87 1.46 1.07
Long-Term Investments		 0.09 0.09 0.09 0.09 0.07 0.12 0.12 0.07
Intangible Assets		 1.34 1.34 1.34 1.34 1.11 1.02 1.04 0.76
Other Noncurrent Operating Assets		 0.97 0.80 0.71 0.66 0.53 0.73 0.30 0.24
Total Liabilities & Shareholders' Equity		 25 27 27 25 27 24 27 28
Total Liabilities		 8.21 8.39 8.04 8.58 6.54 6.26 7.27 7.90
Total Current Liabilities		 7.56 7.84 2.25 3.01 3.52 3.73 6.07 6.89
Short-Term Debt		 5.30 5.30 0.00 0.19 0.23 0.24 1.77 2.53
Accounts Payable		 1.88 2.26 1.75 2.46 1.76 1.97 2.81 2.84
Accrued Expenses		 - - - - 0.85 0.68 1.08 1.02
Current Employee Benefit Liabilities		 - - - - 0.43 0.52 0.29 0.38
Other Current Liabilities		 0.34 0.28 0.24 0.25 0.24 0.32 0.11 0.12
Total Noncurrent Liabilities		 0.64 0.55 5.79 5.57 3.02 2.53 1.20 1.01
Long-Term Debt		 0.00 - 5.30 5.14 2.71 2.09 1.01 0.88
Other Noncurrent Operating Liabilities		 - - - - 0.31 - - 0.13
Total Equity & Noncontrolling Interests		 16 19 19 16 20 17 20 20
Total Preferred & Common Equity		 16 19 19 16 20 17 20 20
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 16 19 19 16 20 17 20 20
Common Stock		 59 69 69 73 84 90 97 108
Retained Earnings		 -45 -52 -56 -60 -69 -73 -78 -90
Other Equity Adjustments		 1.61 1.91 5.96 4.03 4.93 -0.01 -0.01 2.16

Annual Metrics And Ratios for Worksport

This table displays calculated financial ratios and metrics derived from Worksport's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 66,885,082.00 67,538,142.00 222,787,240.00 24,634,051.00 81,013,442.00 66,451,058.00 16,871,486.00 17,190,016.00 19,433,715.00 32,937,609.00 8,254,389.00
DEI Adjusted Shares Outstanding		 6,688,508.00 6,753,814.00 22,278,724.00 2,463,405.00 8,101,344.00 6,645,106.00 1,687,149.00 1,719,002.00 1,943,371.00 3,293,761.00 8,254,389.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.52 -0.17 -0.15 - -0.04 -0.18 -4.68 -7.29 -7.68 -4.91 -2.34
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 9.89% -44.58% 13.18% 17.82% 0.00% -82.03% -12.25% -61.65% 1,212.97% 454.67% 89.78%
EBITDA Growth		 -3,375.82% 70.90% -1,757.49% 168.05% 56.50% 9.44% -1,440.94% -64.36% -12.86% -0.31% -23.78%
EBIT Growth		 -3,366.78% 70.88% -1,472.74% 115.63% 77.80% -49.00% -851.38% -64.75% -17.33% -4.66% -21.61%
NOPAT Growth		 -3,617.84% 178.85% -4,123.96% 159.69% 55.59% -83.37% -666.72% -68.93% -15.37% -4.95% -21.65%
Net Income Growth		 -627.62% 67.42% -199.51% 48.19% 0.00% -230.78% -564.95% -58.72% -19.10% -8.27% -19.73%
EPS Growth		 0.00% 77.78% -750.00% 52.94% 0.00% -4,200.00% -60.47% -5.80% -19.10% -8.27% 45.89%
Operating Cash Flow Growth		 -756.41% 56.27% 17.75% -94.56% 0.00% -32,125.82% -505.75% -89.47% -49.54% 15.02% -70.77%
Free Cash Flow Firm Growth		 -2,757.89% 119.06% -4,405.52% 207.55% -87.86% -435.38% -1,025.09% -62.98% 21.57% 43.65% -83.77%
Invested Capital Growth		 121.67% -6,351.98% 181.38% -295.02% -1,766.57% 51.45% 1,985.48% 166.27% 27.88% -12.76% 11.63%
Revenue Q/Q Growth		 22.84% -29.04% 100.27% 107.22% 0.00% 81.23% -25.88% 24.08% 109.73% 32.65% 12.70%
EBITDA Q/Q Growth		 -62.11% 168.50% -180.17% -22.47% 0.00% 46.76% -93.93% 1.68% 2.25% 1.61% -16.02%
EBIT Q/Q Growth		 -62.14% 36.72% -381.64% -1,108.20% 0.00% 28.29% -81.43% 1.61% 1.18% -2.79% -12.46%
NOPAT Q/Q Growth		 -59.76% 155.32% -208.61% -452.07% 0.00% 11.74% -79.95% -0.06% 1.18% -3.08% -12.81%
Net Income Q/Q Growth		 -36.36% 37.26% 13.00% -16.75% 0.00% 18.13% -82.06% 2.57% -1.30% -4.14% -11.06%
EPS Q/Q Growth		 0.00% 66.67% -975.00% 52.94% 0.00% -43.33% 0.00% 0.00% -1.30% -4.14% -19.25%
Operating Cash Flow Q/Q Growth		 -41.31% 22.32% -59.46% -375.96% 0.00% -3.80% -73.27% 5.64% -21.61% 13.31% -29.50%
Free Cash Flow Firm Q/Q Growth		 6.45% -183.57% -1,999.15% 937.22% 173.98% -136.15% -25.58% 2.79% -8.21% 27.28% -46.57%
Invested Capital Q/Q Growth		 -97.22% 6.84% 376.67% 109.37% 0.00% 10.88% 0.44% -3.19% 3.73% -13.41% 3.33%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 18.27% 22.48% 43.29% 60.19% 12.38% 13.62% -15.46% 51.10% 15.72% 10.67% 27.79%
EBITDA Margin		 -533.41% -1,400.30% -1,023.32% -753.88% -27.33% -137.72% -2,418.38% -10,363.56% -890.86% -161.11% -105.09%
Operating Margin		 -525.70% -300.91% -1,306.94% -754.56% -27.92% -284.92% -2,489.46% -10,964.37% -963.41% -182.29% -116.84%
EBIT Margin		 -533.54% -1,121.34% -2,175.50% -754.82% -27.92% -231.51% -2,509.98% -10,781.22% -963.41% -181.78% -116.48%
Profit (Net Income) Margin		 -535.21% -1,258.54% -1,665.33% -1,098.42% -18.64% -343.10% -2,599.86% -10,758.97% -975.98% -190.51% -120.19%
Tax Burden Percent		 100.00% 400.00% 0.00% 200.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.09% 100.00%
Interest Burden Percent		 100.31% 448.94% 296.17% 436.56% 66.75% 148.20% 103.58% 99.79% 101.30% 104.71% 103.19%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% -71.84% 0.00% 0.00% -190.12% -83.03% -57.82% -57.75% -71.25%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% -441.80% 0.00% 0.00% -172.03% -63.49% 81.60% -620.19% 301.10%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% -3,277.24% 0.00% 0.00% 144.14% 40.03% -12.77% -33.07% -24.82%
Return on Equity (ROE)		 187,867.33% 925.22% 2,295.03% -3,451.71% 81.36% 333.09% -45.98% -43.00% -70.59% -90.83% -96.07%
Cash Return on Invested Capital (CROIC)		 -7,344.73% 0.00% -3,501.24% 303.30% 0.00% 0.00% -195.32% -173.82% -82.29% -44.13% -82.24%
Operating Return on Assets (OROA)		 -1,183.91% -1,266.39% -673.78% -496.93% -223.50% -67.24% -39.92% -36.38% -50.19% -59.67% -66.45%
Return on Assets (ROA)		 -1,187.61% -1,421.34% -1,095.82% -723.13% -149.19% -99.66% -41.35% -36.30% -50.85% -62.54% -68.56%
Return on Common Equity (ROCE)		 187,867.33% 1,156.52% 3,500.59% -4,377.47% 81.36% 333.09% -45.98% -43.00% -70.59% -90.83% -96.06%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 113.07% -915.97% 788.62% 40.68% -700.76% -23.10% -51.97% -82.12% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -2.40 -0.25 -3.74 -0.85 -0.38 -0.69 -5.29 -8.94 -10 -11 -13
NOPAT Margin		 -367.99% -140.43% -609.91% -176.06% -19.54% -199.45% -1,742.62% -7,675.06% -674.39% -127.60% -81.79%
Net Nonoperating Expense Percent (NNEP)		 -1,756.14% 1,738.58% 1,874.00% 166.77% -4.57% -412.47% -18.09% -19.55% -139.43% 562.43% -372.35%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - -43.94% -48.29% -51.62%
Cost of Revenue to Revenue		 81.73% 277.52% 56.71% 159.87% 87.62% 86.38% 115.46% 48.90% 84.28% 89.33% 72.21%
SG&A Expenses to Revenue		 509.33% 354.02% 1,430.68% 705.81% 39.15% 254.69% 2,016.11% 8,924.69% 773.22% 138.02% 91.95%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 109.13% 26.99% 9.56%
Operating Expenses to Revenue		 543.97% 323.39% 1,436.82% 814.76% 40.30% 298.54% 2,474.00% 11,015.48% 979.14% 193.14% 144.66%
Earnings before Interest and Taxes (EBIT)		 -3.48 -1.01 -6.54 -2.42 -0.54 -0.80 -7.62 -13 -15 -15 -19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -3.48 -1.01 -7.84 -1.21 -0.53 -0.48 -7.35 -12 -14 -14 -17
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 18,164.54 0.00 644.40 0.00 0.00 28.27 1.19 0.71 1.59 1.74 0.77
Price to Tangible Book Value (P/TBV)		 0.00 0.00 667.34 0.00 0.00 44.98 1.22 0.75 1.72 1.84 0.80
Price to Revenue (P/Rev)		 103.66 565.17 651.33 2.61 1.16 13.84 134.42 146.81 18.93 3.57 1.09
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% -559.33% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1,911.74 0.00 423.91 69.08 0.00 0.00 2.13 0.55 1.54 1.74 0.73
Enterprise Value to Revenue (EV/Rev)		 103.71 756.54 602.02 5.55 1.28 12.45 41.25 74.19 20.14 3.58 0.88
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 613.53 0.00 2.27 8.11 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 12.40 -0.88 1.44 -2.57 -0.30 3.84 0.01 0.26 0.29 0.29 0.12
Long-Term Debt to Equity		 1.25 -0.31 0.00 0.00 0.00 0.00 0.00 0.26 0.00 0.27 0.04
Financial Leverage		 33.42 -0.62 -2.33 22.25 -0.87 0.34 -0.84 -0.63 -0.16 0.05 -0.08
Leverage Ratio		 -158.19 -1.30 -6.02 29.66 -0.55 -3.34 1.11 1.18 1.39 1.45 1.40
Compound Leverage Factor		 -158.68 -2.11 0.00 43.16 -0.36 -4.95 1.15 1.18 1.41 1.52 1.45
Debt to Total Capital		 92.54% -206.70% 126.46% 1,350.15% -43.58% 79.34% 0.85% 20.41% 22.57% 22.32% 10.34%
Short-Term Debt to Total Capital		 83.21% -132.23% 126.46% 1,350.15% -43.58% 79.34% 0.85% 0.00% 22.57% 0.99% 6.61%
Long-Term Debt to Total Capital		 9.32% -73.36% 0.00% 0.00% 0.00% 0.00% 0.00% 20.41% 0.00% 21.33% 3.73%
Preferred Equity to Total Capital		 0.00% 0.00% 4.58% 46.97% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 7.47% 710.00% 171.80% -1,097.13% 143.58% 20.66% 99.15% 79.59% 77.43% 77.68% 89.66%
Debt to EBITDA		 -0.01 -1.09 -0.35 -0.71 -0.51 -1.37 -0.04 -0.51 -0.39 -0.37 -0.16
Net Debt to EBITDA		 -0.01 -1.34 -0.09 -0.65 -0.46 1.01 3.85 0.70 -0.14 0.00 0.20
Long-Term Debt to EBITDA		 0.00 -0.38 0.00 0.00 0.00 0.00 0.00 -0.51 0.00 -0.35 -0.06
Debt to NOPAT		 -0.02 -4.26 0.00 -0.81 -0.71 -0.94 -0.06 -0.69 -0.51 -0.46 -0.20
Net Debt to NOPAT		 -0.01 -2.76 0.00 -0.74 -0.64 0.70 5.35 0.95 -0.18 -0.01 0.26
Long-Term Debt to NOPAT		 0.00 -0.99 0.00 0.00 0.00 0.00 0.00 -0.69 0.00 -0.44 -0.07
Altman Z-Score		 80.89 -13.60 231.68 -64.87 -35.34 -9.04 11.17 -0.92 -2.10 -2.63 -3.57
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% -4.84% 27.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.86 0.46 2.67 1.92 0.19 0.98 18.94 7.45 1.27 3.30 2.50
Quick Ratio		 0.40 0.22 0.96 0.34 0.06 0.81 16.04 6.07 0.56 1.61 1.00
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2.60 0.49 -27 2.51 0.30 -1.02 -11 -19 -15 -8.27 -15
Operating Cash Flow to CapEx		 -1,356.56% -86,033.76% -7,999.26% -60,716.54% -2.19% -8,730.36% -382.16% -72.22% -323.32% -1,919.37% -2,193.19%
Free Cash Flow to Firm to Interest Expense		 -239.32 63.78 -12.90 6.49 0.00 -2.64 -41.51 -100.44 -23.82 -11.39 -25.65
Operating Cash Flow to Interest Expense		 -49.96 -1.91 -0.37 -2.06 0.00 -1.80 -15.22 -42.81 -19.36 -13.96 -29.21
Operating Cash Flow Less CapEx to Interest Expense		 -53.64 -3.84 -0.38 -1.38 0.00 -1.82 -19.20 -102.08 -25.35 -14.69 -30.54
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.22 3.39 1.32 1.32 8.00 0.29 0.02 0.00 0.05 0.33 0.57
Accounts Receivable Turnover		 9.96 18.67 5.87 11.49 0.00 1.93 1.13 0.40 3.19 20.17 32.39
Inventory Turnover		 4.89 12.85 3.23 6.53 0.00 3.88 1.29 0.06 0.52 1.72 1.58
Fixed Asset Turnover		 0.00 45.91 19.85 33.23 0.00 3.72 0.50 0.02 0.12 0.60 1.22
Accounts Payable Turnover		 1.99 5.68 1.62 2.43 0.00 0.30 0.32 0.04 0.78 5.44 5.02
Days Sales Outstanding (DSO)		 36.66 391.01 248.65 285.83 0.00 188.97 323.26 905.49 114.49 18.10 11.27
Days Inventory Outstanding (DIO)		 74.62 454.49 225.66 503.30 0.00 93.97 282.35 5,920.73 704.71 212.43 231.06
Days Payable Outstanding (DPO)		 183.25 1,286.16 899.29 899.73 0.00 1,199.01 1,131.91 10,278.39 465.56 67.11 72.73
Cash Conversion Cycle (CCC)		 -71.96 -550.83 -637.47 -73.73 0.00 -916.07 -526.30 -3,452.16 353.64 163.41 169.60
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.04 -0.71 2.32 0.04 -0.64 -0.31 5.88 16 20 17 20
Invested Capital Turnover		 -10.20 -3.20 -12.31 0.82 -6.38 -0.73 0.11 0.01 0.09 0.45 0.87
Increase / (Decrease) in Invested Capital		 0.20 -0.75 9.10 -2.28 -0.68 0.33 6.19 9.78 4.36 -2.55 2.03
Enterprise Value (EV)		 68 137 225 1.81 2.47 4.31 13 8.64 31 30 14
Market Capitalization		 68 68 225 0.66 2.23 4.79 41 17 29 30 18
Book Value per Share		 $0.00 ($0.01) $0.06 ($0.01) ($0.02) $0.00 $2.03 $1.40 $0.94 $0.53 $2.77
Tangible Book Value per Share		 $0.00 ($0.01) $0.04 ($0.02) ($0.02) $0.00 $1.99 $1.33 $0.87 $0.50 $2.66
Total Capital		 0.05 -0.69 2.68 0.13 -0.61 0.82 34 30 23 22 26
Total Debt		 0.05 0.29 1.10 0.57 0.27 0.65 0.29 6.18 5.30 5.00 2.64
Total Long-Term Debt		 0.00 0.10 0.00 0.00 0.00 0.00 0.00 6.18 0.00 4.78 0.95
Net Debt		 0.03 0.29 0.63 0.52 0.24 -0.48 -28 -8.46 1.84 0.05 -3.38
Capital Expenditures (CapEx)		 0.04 0.00 0.02 0.00 0.10 0.01 1.10 11 3.69 0.53 0.79
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.01 -0.77 1.55 -0.04 -0.82 -0.49 3.96 1.25 3.89 2.64 5.80
Debt-free Net Working Capital (DFNWC)		 -0.00 -0.77 1.82 0.01 -0.80 0.62 33 16 7.26 7.53 12
Net Working Capital (NWC)		 -0.04 -0.95 0.54 -0.28 -1.07 -0.03 32 16 1.96 7.30 10
Net Nonoperating Expense (NNE)		 1.09 0.88 8.63 0.92 -0.02 0.50 2.60 3.59 4.61 5.34 6.18
Net Nonoperating Obligations (NNO)		 0.03 0.27 0.81 0.52 0.24 -0.48 -28 -8.46 1.84 0.05 -3.38
Total Depreciation and Amortization (D&A)		 0.00 0.00 0.00 0.00 0.01 0.32 0.28 0.49 1.11 1.75 1.83
Debt-free, Cash-free Net Working Capital to Revenue		 -2.28% -848.22% 94.88% -11.21% -42.31% -141.62% 1,303.53% 1,072.62% 254.38% 31.16% 36.04%
Debt-free Net Working Capital to Revenue		 -0.06% -1,060.27% 111.26% 4.57% -41.69% 178.42% 10,708.42% 13,622.41% 474.42% 88.72% 72.96%
Net Working Capital to Revenue		 -6.42% -1,056.01% 43.77% -174.51% -55.60% -9.62% 10,612.42% 13,622.41% 127.93% 86.09% 62.49%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.02) ($0.02) ($0.08) $0.00 ($0.02) ($0.69) $0.00 ($8.40) ($5.84) ($3.16)
Adjusted Weighted Average Basic Shares Outstanding		 40.46M 67.27M 20.39M 24.63M 0.00 2.73M 16.96M 17.08M 1.77M 2.77M 6.14M
Adjusted Diluted Earnings per Share		 $0.00 ($0.02) ($0.02) ($0.08) $0.00 ($0.02) ($0.69) ($0.73) ($8.40) ($5.84) ($3.16)
Adjusted Weighted Average Diluted Shares Outstanding		 40.46M 67.27M 20.39M 24.63M 0.00 2.73M 16.96M 17.16M 1.77M 2.77M 6.14M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.02) ($0.02) ($0.08) $0.00 ($0.02) ($0.69) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 40.46M 67.63M 168.59M 22.35M 0.00 54.69M 11.50M 17.16M 2.41M 4.80M 11.89M
Normalized Net Operating Profit after Tax (NOPAT)		 -2.40 -0.25 -4.99 -0.85 -0.38 -0.69 -5.29 -8.94 -10 -11 -13
Normalized NOPAT Margin		 -367.99% -140.43% -304.95% -352.13% -19.54% -199.45% -1,742.62% -7,675.06% -674.39% -127.60% -81.79%
Pre Tax Income Margin		 -535.21% -943.91% -1,511.89% -732.28% -18.64% -343.10% -2,599.86% -10,758.97% -975.98% -190.34% -120.19%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -320.45 -8.17 -4.18 -4.39 0.00 -2.07 -27.55 -67.39 -23.91 -21.24 -31.64
NOPAT to Interest Expense		 -221.02 -4.09 -2.37 -5.93 0.00 -1.79 -19.13 -47.98 -16.74 -14.91 -22.22
EBIT Less CapEx to Interest Expense		 -324.13 -40.89 -4.49 -6.60 0.00 -2.10 -31.53 -126.67 -29.90 -21.97 -32.97
NOPAT Less CapEx to Interest Expense		 -224.70 -8.21 -2.38 -5.94 0.00 -1.81 -23.11 -107.25 -22.73 -15.64 -23.55
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Worksport

This table displays calculated financial ratios and metrics derived from Worksport's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 17,436,805.00 19,433,715.00 24,100,413.00 25,594,972.00 29,650,916.00 32,937,609.00 4,795,521.00 5,200,130.00 6,642,038.00 8,254,389.00 11,885,519.00
DEI Adjusted Shares Outstanding		 1,743,680.00 1,943,371.00 2,410,041.00 2,559,497.00 2,965,092.00 3,293,761.00 4,795,521.00 5,200,130.00 6,642,038.00 8,254,389.00 11,885,519.00
DEI Earnings Per Adjusted Shares Outstanding		 -2.26 -1.88 -1.54 -1.57 -1.39 -1.31 -0.93 -0.72 -0.74 -0.75 -0.49
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2,398.55% 2,048.77% 1,505.75% 861.49% 581.02% 248.81% 336.96% 113.63% 60.58% 61.99% 47.89%
EBITDA Growth		 -31.19% 8.30% 1.04% -5.92% -4.17% 5.24% -17.26% 13.71% -23.44% -73.08% -39.00%
EBIT Growth		 -33.19% 4.74% -4.42% -4.60% 0.36% -13.02% -17.14% 7.50% -22.73% -53.27% -34.49%
NOPAT Growth		 -33.19% 4.74% -3.10% -4.60% 0.36% -13.02% -16.95% 7.50% -22.73% -53.27% -34.96%
Net Income Growth		 -37.24% -5.54% -5.43% -5.69% -4.70% -17.54% -20.08% 6.95% -19.20% -44.83% -30.67%
EPS Growth		 -35.29% -5.54% -5.43% -5.69% -4.70% -17.54% 40.00% 54.19% 46.43% 34.84% 48.57%
Operating Cash Flow Growth		 -64.99% -131.14% 4.76% -17.59% 29.31% 41.66% -37.40% 14.66% -176.68% -180.98% -114.45%
Free Cash Flow Firm Growth		 52.57% 44.70% 50.10% 30.35% 38.57% 96.30% 103.43% 106.63% 43.09% -2,399.34% -4,026.39%
Invested Capital Growth		 19.34% 27.88% 23.63% 10.40% 4.52% -12.76% -15.18% -13.30% -6.45% 11.63% 27.04%
Revenue Q/Q Growth		 129.41% 83.08% -38.93% 274.83% 62.49% -6.23% -23.49% 83.26% 22.14% -5.40% -30.15%
EBITDA Q/Q Growth		 3.21% -2.89% 5.84% -12.95% 4.80% 6.41% -16.52% 17.10% -36.18% -31.23% 6.42%
EBIT Q/Q Growth		 -4.84% 9.47% -2.56% -7.45% 0.14% -2.69% -6.31% 15.34% -32.48% -28.25% 6.72%
NOPAT Q/Q Growth		 -4.84% 9.47% -2.56% -7.45% 0.14% -2.69% -6.13% 15.01% -32.48% -28.25% 6.55%
Net Income Q/Q Growth		 -4.00% 7.35% -1.52% -8.04% -3.03% -4.01% -3.71% 16.28% -31.98% -26.38% 6.42%
EPS Q/Q Growth		 -4.55% 7.35% -1.52% -8.04% -3.03% -4.01% 32.26% 32.38% -5.63% -34.67% 46.53%
Operating Cash Flow Q/Q Growth		 29.46% -71.73% 25.20% -29.77% 57.59% -41.72% -76.18% 19.40% -37.48% -43.92% -34.46%
Free Cash Flow Firm Q/Q Growth		 14.00% -16.65% 3.87% 27.78% 24.14% 92.97% 189.08% 39.58% -751.37% -208.60% -39.94%
Invested Capital Q/Q Growth		 -0.50% 3.73% 5.48% 1.40% -5.79% -13.41% 2.55% 3.64% 1.64% 3.33% 16.71%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 19.56% 10.97% 7.31% 15.44% 7.92% 11.08% 17.69% 26.36% 31.29% 30.10% 25.78%
EBITDA Margin		 -733.10% -412.01% -635.21% -191.41% -112.14% -111.92% -170.46% -77.31% -86.20% -119.59% -160.22%
Operating Margin		 -854.89% -422.75% -709.95% -203.52% -125.07% -136.97% -190.01% -88.13% -95.59% -129.60% -173.39%
EBIT Margin		 -854.89% -422.75% -709.95% -203.52% -125.07% -136.97% -190.33% -88.13% -95.59% -129.60% -173.08%
Profit (Net Income) Margin		 -861.38% -435.91% -724.62% -208.86% -132.43% -146.89% -199.13% -90.98% -98.30% -131.33% -175.94%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.35% 100.00% 100.00% 100.00% 100.00% 100.04%
Interest Burden Percent		 100.76% 103.11% 102.07% 102.62% 105.88% 106.87% 104.62% 103.23% 102.84% 101.33% 101.61%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -24.61% -25.37% -52.30% -26.06% -28.37% -43.40% -69.59% -38.25% -48.96% -79.03% -102.50%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.04% 10.14% 50.03% -138.52% -70.21% -200.77% -38,399.04% -106.57% -157.33% 36.96% -735.98%
Return on Net Nonoperating Assets (RNNOA)		 -1.10% -1.59% -2.82% -8.15% -14.35% -10.71% -7.60% -10.29% -12.64% -3.05% -10.47%
Return on Equity (ROE)		 -25.70% -26.96% -55.12% -34.21% -42.72% -54.10% -77.20% -48.54% -61.61% -82.07% -112.98%
Cash Return on Invested Capital (CROIC)		 -76.48% -82.29% -75.54% -61.40% -57.63% -44.13% -41.26% -41.04% -53.12% -82.24% -93.70%
Operating Return on Assets (OROA)		 -20.67% -22.03% -49.74% -28.04% -32.28% -44.97% -72.05% -43.04% -52.54% -73.93% -109.00%
Return on Assets (ROA)		 -20.82% -22.71% -50.77% -28.78% -34.18% -48.22% -75.38% -44.43% -54.03% -74.92% -110.80%
Return on Common Equity (ROCE)		 -25.70% -26.96% -55.12% -34.21% -42.72% -54.10% -77.20% -48.54% -61.61% -82.07% -112.98%
Return on Equity Simple (ROE_SIMPLE)		 -89.78% 0.00% -80.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -2.74 -2.48 -2.55 -2.74 -2.73 -2.81 -2.98 -2.53 -3.35 -4.30 -4.02
NOPAT Margin		 -598.42% -295.93% -496.96% -142.47% -87.55% -95.88% -133.01% -61.69% -66.91% -90.72% -121.38%
Net Nonoperating Expense Percent (NNEP)		 -30.65% -35.51% -102.34% 112.46% 41.84% 157.37% 38,329.45% 68.32% 108.36% -115.99% 633.48%
Return On Investment Capital (ROIC_SIMPLE)		 - -10.58% -10.29% -10.98% -12.36% -12.52% -12.92% -12.61% -14.74% -16.86% -17.19%
Cost of Revenue to Revenue		 80.44% 89.03% 92.69% 84.56% 92.08% 88.92% 82.31% 73.64% 68.71% 69.90% 74.22%
SG&A Expenses to Revenue		 791.88% 233.79% 631.46% 138.80% 99.30% 92.40% 152.45% 75.31% 73.77% 97.01% 127.96%
R&D to Revenue		 0.00% 0.00% 74.32% 54.43% 12.70% 15.94% 16.50% 7.43% 6.01% 11.88% 6.20%
Operating Expenses to Revenue		 874.45% 433.73% 717.26% 218.96% 132.99% 148.56% 207.78% 114.49% 126.88% 159.80% 199.24%
Earnings before Interest and Taxes (EBIT)		 -3.92 -3.55 -3.64 -3.91 -3.91 -4.01 -4.26 -3.62 -4.79 -6.15 -5.73
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -3.36 -3.46 -3.26 -3.68 -3.50 -3.28 -3.82 -3.17 -4.32 -5.67 -5.31
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.23 1.59 0.73 1.04 0.77 1.74 0.76 0.85 1.17 0.77 0.62
Price to Tangible Book Value (P/TBV)		 2.43 1.72 0.79 1.12 0.84 1.84 0.80 0.90 1.23 0.80 0.65
Price to Revenue (P/Rev)		 50.21 18.93 6.89 5.34 1.98 3.57 1.50 1.19 1.61 1.09 0.73
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.05 1.54 0.76 1.04 0.82 1.74 0.73 0.86 1.17 0.73 0.67
Enterprise Value to Revenue (EV/Rev)		 54.17 20.14 8.00 5.95 2.58 3.58 1.28 1.29 1.55 0.88 0.89
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.36 0.29 0.31 0.30 0.35 0.29 0.15 0.16 0.15 0.12 0.17
Long-Term Debt to Equity		 0.04 0.00 0.03 0.30 0.34 0.27 0.13 0.15 0.06 0.04 0.04
Financial Leverage		 -0.18 -0.16 -0.06 0.06 0.20 0.05 0.00 0.10 0.08 -0.08 0.01
Leverage Ratio		 1.39 1.39 1.42 1.41 1.51 1.45 1.38 1.39 1.44 1.40 1.36
Compound Leverage Factor		 1.40 1.43 1.45 1.44 1.60 1.55 1.45 1.44 1.48 1.42 1.38
Debt to Total Capital		 26.58% 22.57% 23.63% 23.21% 26.04% 22.32% 12.73% 13.78% 13.08% 10.34% 14.60%
Short-Term Debt to Total Capital		 23.71% 22.57% 21.42% 0.00% 0.86% 0.99% 0.98% 1.17% 7.80% 6.61% 10.82%
Long-Term Debt to Total Capital		 2.88% 0.00% 2.21% 23.21% 25.18% 21.33% 11.74% 12.60% 5.29% 3.73% 3.78%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 73.42% 77.43% 76.37% 76.79% 73.96% 77.68% 87.27% 86.22% 86.91% 89.66% 85.40%
Debt to EBITDA		 -0.43 -0.39 -0.43 -0.42 -0.41 -0.37 -0.21 -0.20 -0.20 -0.16 -0.19
Net Debt to EBITDA		 -0.21 -0.14 -0.16 -0.16 -0.27 0.00 0.16 -0.09 0.06 0.20 -0.15
Long-Term Debt to EBITDA		 -0.05 0.00 -0.04 -0.42 -0.40 -0.35 -0.19 -0.18 -0.08 -0.06 -0.05
Debt to NOPAT		 -0.57 -0.51 -0.56 -0.55 -0.55 -0.46 -0.26 -0.25 -0.26 -0.20 -0.24
Net Debt to NOPAT		 -0.28 -0.18 -0.21 -0.22 -0.36 -0.01 0.20 -0.11 0.08 0.26 -0.20
Long-Term Debt to NOPAT		 -0.06 0.00 -0.05 -0.55 -0.53 -0.44 -0.24 -0.23 -0.10 -0.07 -0.06
Altman Z-Score		 -0.34 -0.67 -1.92 -1.36 -2.47 -1.17 -2.00 -2.64 -1.89 -2.22 -3.34
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.04 1.27 1.37 4.77 2.96 3.30 3.26 2.27 2.04 2.50 1.95
Quick Ratio		 0.48 0.56 0.49 1.86 0.82 1.61 1.52 0.51 0.74 1.00 0.19
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -5.87 -6.85 -6.58 -4.75 -3.61 -0.25 0.23 0.32 -2.05 -6.34 -8.87
Operating Cash Flow to CapEx		 -256.13% -1,531.90% -1,312.21% -2,952.90% -932.23% -7,932.98% -1,906.05% -4,525.95% -1,168.24% -3,941.49% -7,945.31%
Free Cash Flow to Firm to Interest Expense		 -51.57 -43.66 -53.27 -35.44 -15.70 -1.06 1.16 2.46 -14.78 -48.63 -95.96
Operating Cash Flow to Interest Expense		 -19.11 -23.82 -22.61 -27.03 -6.70 -9.13 -19.65 -24.15 -30.64 -47.01 -89.14
Operating Cash Flow Less CapEx to Interest Expense		 -26.57 -25.37 -24.33 -27.95 -7.41 -9.25 -20.68 -24.68 -33.26 -48.20 -90.26
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.02 0.05 0.07 0.14 0.26 0.33 0.38 0.49 0.55 0.57 0.63
Accounts Receivable Turnover		 1.42 3.19 5.87 5.36 9.82 20.17 35.44 19.24 21.24 32.39 33.18
Inventory Turnover		 0.22 0.52 0.43 0.69 1.18 1.72 1.46 1.69 1.68 1.58 1.41
Fixed Asset Turnover		 0.06 0.12 0.15 0.26 0.45 0.60 0.73 0.90 1.05 1.22 1.28
Accounts Payable Turnover		 0.29 0.78 0.81 2.18 2.64 5.44 4.45 5.56 4.14 5.02 5.31
Days Sales Outstanding (DSO)		 256.26 114.49 62.17 68.07 37.17 18.10 10.30 18.97 17.18 11.27 11.00
Days Inventory Outstanding (DIO)		 1,634.62 704.71 851.92 525.83 309.03 212.43 250.18 216.42 216.92 231.06 258.63
Days Payable Outstanding (DPO)		 1,263.95 465.56 448.09 167.38 138.15 67.11 82.11 65.68 88.13 72.73 68.68
Cash Conversion Cycle (CCC)		 626.94 353.64 466.00 426.52 208.05 163.41 178.37 169.71 145.97 169.60 200.95
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 19 20 21 21 20 17 18 19 19 20 23
Invested Capital Turnover		 0.04 0.09 0.11 0.18 0.32 0.45 0.52 0.62 0.73 0.87 0.84
Increase / (Decrease) in Invested Capital		 3.13 4.36 4.04 2.02 0.87 -2.55 -3.21 -2.85 -1.30 2.03 4.84
Enterprise Value (EV)		 40 31 16 22 16 30 13 16 22 14 15
Market Capitalization		 37 29 14 20 13 30 15 15 23 18 12
Book Value per Share		 $0.94 $0.94 $0.78 $0.75 $0.55 $0.53 $4.20 $3.33 $2.98 $2.77 $1.68
Tangible Book Value per Share		 $0.86 $0.87 $0.73 $0.70 $0.51 $0.50 $3.96 $3.13 $2.82 $2.66 $1.62
Total Capital		 22 23 25 25 22 22 23 20 23 26 23
Total Debt		 5.94 5.30 5.85 5.79 5.76 5.00 2.94 2.77 2.98 2.64 3.42
Total Long-Term Debt		 0.64 0.00 0.55 5.79 5.57 4.78 2.71 2.53 1.20 0.95 0.88
Net Debt		 2.89 1.84 2.22 2.27 3.81 0.05 -2.21 1.25 -0.91 -3.38 2.78
Capital Expenditures (CapEx)		 0.85 0.24 0.21 0.12 0.16 0.03 0.20 0.07 0.36 0.16 0.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 2.66 3.89 4.66 5.06 4.21 2.64 3.08 3.60 4.32 5.80 8.54
Debt-free Net Working Capital (DFNWC)		 5.63 7.26 8.20 8.49 6.07 7.53 8.16 4.99 8.09 12 9.11
Net Working Capital (NWC)		 0.33 1.96 2.90 8.49 5.88 7.30 7.94 4.76 6.31 10 6.58
Net Nonoperating Expense (NNE)		 1.21 1.17 1.17 1.28 1.40 1.49 1.48 1.20 1.57 1.93 1.81
Net Nonoperating Obligations (NNO)		 2.89 1.84 2.22 2.27 3.81 0.05 -2.21 1.25 -0.91 -3.38 2.78
Total Depreciation and Amortization (D&A)		 0.56 0.09 0.38 0.23 0.40 0.73 0.44 0.44 0.47 0.47 0.43
Debt-free, Cash-free Net Working Capital to Revenue		 365.38% 254.38% 232.02% 135.67% 65.87% 31.16% 30.19% 29.05% 30.27% 36.04% 49.75%
Debt-free Net Working Capital to Revenue		 772.00% 474.42% 407.96% 227.47% 94.92% 88.72% 79.94% 40.29% 56.60% 72.96% 53.05%
Net Working Capital to Revenue		 45.30% 127.93% 144.32% 227.47% 91.95% 86.09% 77.72% 38.39% 44.18% 62.49% 38.31%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.23) ($20.70) ($1.80) ($1.50) ($1.40) ($15.50) ($1.05) ($0.71) ($0.75) ($1.01) ($0.54)
Adjusted Weighted Average Basic Shares Outstanding		 17.43M 176.90K 2.12M 2.60M 2.94M 276.87K 4.26M 5.29M 6.56M 6.14M 10.78M
Adjusted Diluted Earnings per Share		 ($0.23) ($20.70) ($1.80) ($1.50) ($1.40) ($15.50) ($1.05) ($0.71) ($0.75) ($1.01) ($0.54)
Adjusted Weighted Average Diluted Shares Outstanding		 17.43M 176.90K 2.12M 2.60M 2.94M 276.87K 4.26M 5.29M 6.56M 6.14M 10.78M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($20.70) $0.00 $0.00 $0.00 ($15.50) $0.00 $0.00 $0.00 ($1.01) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 19.43M 2.41M 2.56M 2.97M 3.29M 479.55K 5.20M 6.64M 8.25M 11.89M 12.53M
Normalized Net Operating Profit after Tax (NOPAT)		 -2.74 -2.48 -2.55 -2.74 -2.73 -2.81 -2.98 -2.53 -3.35 -4.30 -4.02
Normalized NOPAT Margin		 -598.42% -295.93% -496.96% -142.47% -87.55% -95.88% -133.01% -61.69% -66.91% -90.72% -121.38%
Pre Tax Income Margin		 -861.38% -435.91% -724.62% -208.86% -132.43% -146.39% -199.13% -90.98% -98.30% -131.33% -175.87%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -34.43 -22.62 -29.45 -29.15 -17.00 -16.81 -21.81 -28.23 -34.51 -47.18 -62.07
NOPAT to Interest Expense		 -24.10 -15.83 -20.61 -20.40 -11.90 -11.76 -15.24 -19.76 -24.16 -33.03 -43.52
EBIT Less CapEx to Interest Expense		 -41.89 -24.17 -31.17 -30.06 -17.72 -16.92 -22.85 -28.76 -37.13 -48.38 -63.19
NOPAT Less CapEx to Interest Expense		 -31.56 -17.39 -22.34 -21.32 -12.62 -11.88 -16.28 -20.29 -26.78 -34.22 -44.65
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Worksport Ltd. (NASDAQ: WKSP) shows top-line growth, but profitability and cash burn remain major challenges. Over the last several years, revenue has trended sharply higher, but the company is still posting large operating losses and relying on financing to support operations. The most recent quarter also showed a steep drop in cash on hand versus the prior quarter.

  • Revenue growth has been strong year over year. Q1 2026 revenue was $3.3 million, up from $2.2 million in Q1 2025 and far above $512,637 in Q1 2024.
  • Gross profit is expanding in absolute dollars. Q1 2026 gross profit came in at $853,946, compared with $396,221 in Q1 2024.
  • The balance sheet still shows meaningful assets. As of Q1 2026, Worksport reported $27.9 million in total assets, including $13.3 million of PPE and $11.6 million of inventory.
  • Equity remains positive. Total shareholders’ equity was about $20.0 million in Q1 2026, which gives the company some accounting cushion despite ongoing losses.
  • Financing activity has repeatedly supported liquidity. In several recent quarters, debt and equity issuances helped offset operating cash outflows.
  • Inventory levels are still large relative to cash. That may support sales growth, but it also ties up working capital.
  • Depreciation remains a recurring non-cash expense. That helps reduce reported operating cash flow pressure somewhat, but it does not change the underlying loss profile.
  • Worksport is still deeply unprofitable. Q1 2026 net loss was $5.8 million, after a $6.2 million loss in Q4 2025 and a $4.5 million loss in Q1 2025.
  • Operating losses remain substantial. Q1 2026 operating loss was $5.7 million, showing that revenue growth is not yet covering overhead and marketing spending.
  • Cash fell sharply in the latest quarter. Cash and equivalents dropped to $566,583 in Q1 2026 from $3.76 million in Q3 2025.

Margins remain under pressure. In Q1 2026, revenue of $3.3 million generated only $854k of gross profit, while SG&A and marketing expenses alone totaled more than $6.4 million. That suggests the company’s cost structure is still far above current gross profit generation.

Cash flow is the biggest red flag. Q1 2026 operating cash flow was negative $8.2 million, and free cash flow was also negative after limited investing outflows. Even with financing inflows, the business is burning through cash quickly.

Debt and dilution are important risks to watch. Worksport has repeatedly raised capital through debt and common equity, and share counts have fluctuated materially over the past year. For retail investors, that means future growth may come with continued dilution risk if the company cannot reach sustainable profitability soon.

Bottom line: Worksport is improving revenue, but the company is still in a high-risk turnaround phase. Until operating losses narrow and cash flow turns more stable, the stock will likely remain heavily dependent on investor confidence and access to financing.

07/22/26 07:04 PM ETAI Generated. May Contain Errors.

Worksport Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Worksport's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Worksport's net income appears to be on an upward trend, with a most recent value of -$19.35 million in 2025, rising from -$479.34 thousand in 2014. The previous period was -$16.16 million in 2024. View Worksport's forecast to see where analysts expect Worksport to go next.

Worksport's total operating income in 2025 was -$18.81 million, based on the following breakdown:
  • Total Gross Profit: $4.47 million
  • Total Operating Expenses: $23.29 million

Over the last 10 years, Worksport's total revenue changed from $593.00 thousand in 2014 to $16.10 million in 2025, a change of 2,615.3%.

Worksport's total liabilities were at $7.84 million at the end of 2025, a 5.8% decrease from 2024, and a 2,584.0% increase since 2014.

In the past 10 years, Worksport's cash and equivalents has ranged from $0.00 in 2016 to $28.57 million in 2021, and is currently $5.95 million as of their latest financial filing in 2025.

Over the last 10 years, Worksport's book value per share changed from 0.00 in 2015 to 2.77 in 2025, a change of 2,771,200.0%.


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Financial statements for NASDAQ:WKSP last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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