Worksport Ltd
WKSP Nasdaq· Motor Vehicle Parts & Accessories
Last close · Oct 23, 2026
$0.32
KIRA · Stoqly’s AI analyst, in plain words
- Worksport Ltd had $16.1M of revenue in fiscal 2025, up 89.8% on the year before. Over five years, revenue changed +115.5% a year on average.
- Its operating margin was −116.8%, up 65.4 pts: of every 100 in sales, about −117 is left after running the business.
- Worksport Ltd lost $19.4M in fiscal 2025.
- Free cash flow was −$18.1M in fiscal 2025, −112.4% of revenue.
- Worksport Ltd has $3.3M more cash than debt.
Market cap
$3.8M
P/E
—
Revenue
$16.1M
Net income
−$19.4M
Free cash flow
−$18.1M
Operating margin
−116.8%
Worksport Ltd in 30 seconds · fiscal 2025
Are sales growing?
+89.8%
Yes. Sales grew 89.8% last year.
Does it make a profit?
−120.2%
No. It lost money last year.
Does profit turn into cash?
−112.4%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Worksport Ltd does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 26, 2026
- Legal name
- Worksport Ltd
- CIK
- 0001096275
Worksport Ltd · WKSP
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $0.3M | $0.1M | $1.5M | $8.5M | $16.1M |
| Revenue growth | −12.2% | −61.7% | 1,213.0% | 454.7% | 89.8% |
| Gross margin | −15.5% | 51.1% | 15.7% | 10.7% | 27.8% |
| Operating margin | −2,489.0% | −10,964.5% | −963.4% | −182.3% | −116.8% |
| Net income | −$7.9M | −$12.5M | −$14.9M | −$3.7M | −$19.4M |
| Net margin | −2,599.4% | −10,759.1% | −976.0% | −43.8% | −120.2% |
| Diluted EPS | −$0.69 | −$0.73 | −$8.44 | −$5.84 | −$3.16 |
| Cash | |||||
| Cash from operations | −$4.2M | −$8.0M | −$11.9M | −$10.1M | −$17.3M |
| Capital expenditure | $1.1M | $11.0M | $3.7M | $0.5M | $0.8M |
| Free cash flow | −$5.3M | −$19.0M | −$15.6M | −$10.7M | −$18.1M |
| FCF margin | −1,748.7% | −16,330.8% | −1,021.2% | −125.7% | −112.4% |
| Share count change | 320.7% | 48.5% | −89.6% | 56.5% | 121.9% |
| Debt and strength | |||||
| Cash and short-term investments | $28.6M | $14.6M | $3.4M | $4.9M | $5.9M |
| Debt incl. finance leases | — | — | $5.3M | $5.3M | $2.7M |
| Shareholders' equity | $34.2M | $24.1M | $18.2M | $17.4M | $22.9M |
| Current ratio | 18.9x | 7.4x | 1.3x | 3.3x | 2.5x |
| Interest coverage | −25.6x | −26.1x | −23.9x | −21.3x | −31.7x |
| Returns and quality | |||||
| Return on capital | — | — | −57.9% | −68.7% | −75.8% |
| Return on equity | −46.0% | −43.0% | −70.6% | −20.9% | −96.1% |
| Return on tangible equity | −23.5% | −54.9% | −88.7% | −22.6% | −88.0% |
| Piotroski F-score | 3 | 2 | 3 | 3 | 4 |
| Altman Z'' | 19.5 | 0.2 | −6.9 | −8.1 | −7.8 |
Insiders bought, 12 months
$0.1M
1 insider
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Worksport Ltd · WKSP
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $0.32 a share, the company is worth $3.8M.
Source: SEC EDGAR XBRL filings (CIK 0001096275). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.