What is Worksport Ltd's earnings per share (EPS)?

Worksport Ltd (WKSP) reported diluted earnings per share of $-3.16 for fiscal year 2025. This represents a 45.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Worksport Ltd Financials

WKSP

Source SEC Filings (10-K/10-Q) Updated Mar 26, 2026 Currency USD FYE March

This page shows Worksport Ltd (WKSP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 24 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Low Quality

0.89x

For every $1 of reported earnings, Worksport Ltd generates $0.89 in operating cash flow (-$17.3M OCF vs -$19.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-31.7x

Worksport Ltd earns $-31.7 in operating income for every $1 of interest expense (-$18.8M vs $593K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$15.6M

YoY+83.4%

5Y CAGR+114.1%

10Y CAGR+37.3%

Worksport Ltd generated $15.6M in revenue in fiscal year 2025. This represents an increase of 83.4% from the prior year.

EBITDA

-$17.0M

YoY-23.8%

Worksport Ltd's EBITDA was -$17.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 23.8% from the prior year.

Net Income

-$19.4M

YoY-421.0%

Worksport Ltd reported -$19.4M in net income in fiscal year 2025. This represents a decrease of 421.0% from the prior year.

EPS (Diluted)

$-3.16

YoY+45.9%

Worksport Ltd earned $-3.16 per diluted share (EPS) in fiscal year 2025. This represents an increase of 45.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$18.1M

YoY-69.7%

Worksport Ltd generated -$18.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 69.7% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

12M

YoY+195.9%

Worksport Ltd had 12M shares outstanding in fiscal year 2025. This represents an increase of 195.9% from the prior year.

Margins & Returns

Gross Margin

28.8%

YoY+18.1pp

5Y CAGR+15.1pp

10Y CAGR+10.5pp

Worksport Ltd's gross margin was 28.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 18.1 percentage points from the prior year.

Operating Margin

-120.9%

YoY+61.4pp

5Y CAGR+164.0pp

10Y CAGR+404.8pp

Worksport Ltd's operating margin was -120.9% in fiscal year 2025, reflecting core business profitability. This is up 61.4 percentage points from the prior year.

Net Margin

-124.4%

YoY-80.6pp

5Y CAGR+218.7pp

10Y CAGR+410.8pp

Worksport Ltd's net profit margin was -124.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 80.6 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$1.5M

YoY-32.8%

10Y CAGR+41.6%

Worksport Ltd invested $1.5M in research and development in fiscal year 2025. This represents a decrease of 32.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$789K

YoY+49.5%

5Y CAGR+150.8%

10Y CAGR+34.8%

Worksport Ltd invested $789K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 49.5% from the prior year.

WKSP Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$15.6M+83.4%	$8.5M+454.7%	$1.5M+1213.0%	$117K-61.6%	$304K-12.2%	$346K
Cost of Revenue	$11.6M+53.4%	$7.6M+487.9%	$1.3M+2162.9%	$57K-83.8%	$351K+17.3%	$299K
Gross Profit	$4.5M+394.1%	$906K+276.5%	$241K+304.0%	$60K+226.8%	-$47K-199.6%	$47K
R&D Expenses	$1.5M-32.8%	$2.3M+37.2%	$1.7M	N/A	N/A	N/A
SG&A Expenses	$10.1M-30.6%	$14.6M+5.4%	$13.9M+178.5%	$5.0M+168.4%	$1.9M+818.8%	$202K
Operating Income	-$18.8M-21.6%	-$15.5M-4.9%	-$14.7M-15.4%	-$12.8M-68.9%	-$7.6M-666.7%	-$986K
Interest Expense	$593K-18.4%	$726K+17.8%	$616K+26.1%	$489K+65.7%	$295K-23.6%	$386K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$19.4M-421.0%	-$3.7M+75.1%	-$14.9M-19.1%	-$12.5M-58.7%	-$7.9M-565.0%	-$1.2M
EPS (Diluted)	$-3.16+45.9%	$-5.84+30.8%	$-8.44-1056.2%	$-0.73-5.8%	$-0.69	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$5.0M+22.1%	$4.1M+83.3%	$2.2M-23.5%	$2.9M-6.2%	$3.1M+62.5%	$1.9M+274.8%	$513K-38.9%	$839K
Cost of Revenue	$3.4M+14.0%	$3.0M+63.9%	$1.8M-29.2%	$2.6M-9.5%	$2.9M+76.9%	$1.6M+242.0%	$475K-36.4%	$747K
Gross Profit	$1.6M+45.0%	$1.1M+173.1%	$396K+22.1%	$324K+31.2%	$247K-16.7%	$297K+691.9%	$37K-59.3%	$92K
R&D Expenses	$301K-1.2%	$305K-17.5%	$370K-20.8%	$467K+17.7%	$396K-62.1%	$1.0M+174.5%	$381K	N/A
SG&A Expenses	$5.9M+38.4%	$4.3M+1.1%	$4.2M+16.8%	$3.6M-3.9%	$3.7M-5.7%	$4.0M+20.7%	$3.3M-52.3%	$6.9M
Operating Income	-$4.8M-32.5%	-$3.6M+15.0%	-$4.3M-6.1%	-$4.0M-2.7%	-$3.9M+0.1%	-$3.9M-7.5%	-$3.6M-2.6%	-$3.5M
Interest Expense	$139K+8.4%	$128K-34.4%	$195K-18.1%	$239K+3.9%	$230K+71.2%	$134K+8.5%	$124K-17.3%	$149K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$4.9M-32.0%	-$3.7M+16.3%	-$4.5M-154.7%	$8.1M+297.1%	-$4.1M-3.0%	-$4.0M-8.0%	-$3.7M-1.5%	-$3.7M
EPS (Diluted)	$-0.75-5.6%	$-0.71+32.4%	$-1.05	N/A	$-1.40+9.7%	$-1.55+11.4%	$-1.75	N/A

WKSP Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	N/A	$25.7M-0.8%	$26.0M-20.8%	$32.8M-9.7%	$36.3M+1808.1%	$1.9M
Current Assets	N/A	$10.5M+14.8%	$9.1M-50.2%	$18.3M-46.1%	$34.0M+1920.0%	$1.7M
Cash & Equivalents	N/A	$4.9M+45.1%	$3.4M-77.0%	$14.6M-48.8%	$28.6M+2478.7%	$1.1M
Inventory	N/A	$5.2M+42.9%	$3.6M+169.7%	$1.3M+168.3%	$502K+1129.7%	$41K
Accounts Receivable	N/A	$43K-90.8%	$463K+639.8%	$63K-0.1%	$63K-48.9%	$123K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	$8.3M+7.0%	$7.8M-10.1%	$8.6M+309.0%	$2.1M+22.0%	$1.7M
Current Liabilities	N/A	$3.2M-55.7%	$7.2M+191.1%	$2.5M+37.0%	$1.8M+4.6%	$1.7M
Long-Term Debt	N/A	$5.3M-0.7%	$5.3M	N/A	N/A	N/A
Total Equity	N/A	$17.4M-4.2%	$18.2M-24.6%	$24.1M-29.4%	$34.2M+20068.4%	$169K
Retained Earnings	N/A	-$64.5M-33.5%	-$48.3M-44.7%	-$33.4M-60.1%	-$20.8M-62.1%	-$12.9M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$27.0M+14.7%	$23.6M-11.6%	$26.7M+3.6%	$25.7M+3.2%	$24.9M-8.3%	$27.2M-0.4%	$27.3M+5.2%	$26.0M
Current Assets	$12.4M+45.8%	$8.5M-25.9%	$11.5M+9.3%	$10.5M+17.9%	$8.9M-17.3%	$10.7M0.0%	$10.7M+17.8%	$9.1M
Cash & Equivalents	$3.8M+170.0%	$1.4M-72.6%	$5.1M+4.0%	$4.9M+162.9%	$1.9M-45.8%	$3.4M-3.1%	$3.5M+5.1%	$3.4M
Inventory	$6.8M+16.2%	$5.9M+2.7%	$5.7M+10.3%	$5.2M-15.4%	$6.1M-3.9%	$6.4M+23.1%	$5.2M+42.9%	$3.6M
Accounts Receivable	$515K+74.0%	$296K+335.6%	$68K+59.6%	$43K-90.9%	$466K-25.2%	$623K+298.7%	$156K-66.2%	$463K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$7.3M+16.1%	$6.3M-4.2%	$6.5M-21.5%	$8.3M-3.0%	$8.6M+6.7%	$8.0M-4.2%	$8.4M+7.9%	$7.8M
Current Liabilities	$6.1M+62.5%	$3.7M+6.1%	$3.5M+10.9%	$3.2M+5.6%	$3.0M+33.4%	$2.3M-71.3%	$7.8M+9.4%	$7.2M
Long-Term Debt	$2.9M+16.3%	$2.5M-21.1%	$3.1M-40.3%	$5.3M	N/A	N/A	N/A	$5.3M
Total Equity	$19.8M+14.2%	$17.3M-14.0%	$20.1M+15.6%	$17.4M+6.4%	$16.4M-14.5%	$19.1M+1.3%	$18.9M+4.0%	$18.2M
Retained Earnings	-$77.6M-6.8%	-$72.7M-5.4%	-$68.9M-6.9%	-$64.5M-7.1%	-$60.2M-7.4%	-$56.0M-7.7%	-$52.0M-7.7%	-$48.3M

WKSP Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$17.3M-70.8%	-$10.1M+15.0%	-$11.9M-49.5%	-$8.0M-89.5%	-$4.2M-505.7%	-$695K
Capital Expenditures	$789K+49.5%	$528K-85.7%	$3.7M-66.6%	$11.0M+902.7%	$1.1M+13738.0%	$8K
Free Cash Flow	-$18.1M-69.7%	-$10.7M+31.7%	-$15.6M+17.9%	-$19.0M-258.1%	-$5.3M-655.6%	-$703K
Investing Cash Flow	-$1.1M-111.9%	-$528K+85.9%	-$3.8M+66.3%	-$11.2M-885.3%	-$1.1M-6665.9%	-$17K
Financing Cash Flow	$19.5M+60.0%	$12.2M+174.9%	$4.4M-14.5%	$5.2M-84.2%	$32.8M+1714.6%	$1.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$4.3M-37.5%	-$3.1M+19.4%	-$3.8M-76.2%	-$2.2M-41.7%	-$1.5M+57.6%	-$3.6M-29.8%	-$2.8M+25.2%	-$3.7M
Capital Expenditures	$364K+432.6%	$68K-66.1%	$201K+633.2%	$27K-83.3%	$165K+34.3%	$123K-42.3%	$213K-12.7%	$244K
Free Cash Flow	-$4.6M-46.0%	-$3.2M+21.7%	-$4.0M-83.1%	-$2.2M-29.6%	-$1.7M+54.6%	-$3.7M-24.7%	-$3.0M+24.4%	-$4.0M
Investing Cash Flow	-$484K-289.3%	-$124K+72.8%	-$458K-1568.2%	-$27K+83.3%	-$165K-34.3%	-$123K+42.3%	-$213K+12.7%	-$244K
Financing Cash Flow	$7.1M+1619.9%	-$468K-110.4%	$4.5M-14.1%	$5.2M+3790.6%	$134K-96.3%	$3.6M+14.5%	$3.2M-27.4%	$4.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

WKSP Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	28.8%+18.1pp	10.7%-5.1pp	15.7%-35.4pp	51.1%+66.6pp	-15.5%-29.1pp	13.6%
Operating Margin	-120.9%+61.4pp	-182.3%+781.1pp	-963.4%+10001.0pp	-10964.4%-8474.9pp	-2489.5%-2204.5pp	-284.9%
Net Margin	-124.4%-80.6pp	-43.8%+932.2pp	-976.0%+9783.0pp	-10759.0%-8159.1pp	-2599.9%-2256.8pp	-343.1%
Return on Equity	N/A	-21.3%+60.8pp	-82.1%-30.1pp	-52.0%-28.9pp	-23.1%+677.7pp	-700.8%
Return on Assets	N/A	-14.4%+43.1pp	-57.5%-19.3pp	-38.3%-16.5pp	-21.8%+40.7pp	-62.4%
Current Ratio	N/A	3.30+2.0	1.27-6.2	7.45-11.5	18.94+18.0	0.98
Debt-to-Equity	N/A	0.30+0.0	0.29-0.1	0.36+0.3	0.06-10.2	10.22
FCF Margin	-116.4%+9.4pp	-125.7%+895.5pp	-1021.2%+15309.3pp	-16330.5%-14581.6pp	-1748.9%-1545.8pp	-203.1%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	31.3%+4.9pp	26.4%+8.7pp	17.7%+6.6pp	11.1%+3.2pp	7.9%-7.5pp	15.4%+8.1pp	7.3%-3.7pp	11.0%
Operating Margin	-95.6%-7.5pp	-88.1%+101.9pp	-190.0%-53.0pp	-137.0%-11.9pp	-125.1%+78.5pp	-203.5%+506.4pp	-710.0%-287.2pp	-422.8%
Net Margin	-98.3%-7.3pp	-91.0%+108.2pp	-199.1%-477.4pp	278.3%+410.7pp	-132.4%+76.4pp	-208.9%+515.8pp	-724.6%-288.7pp	-435.9%
Return on Equity	-24.9%-3.4pp	-21.6%+0.6pp	-22.2%-69.0pp	46.8%+72.1pp	-25.3%-4.3pp	-21.0%-1.3pp	-19.7%+0.5pp	-20.1%
Return on Assets	-18.2%-2.4pp	-15.8%+0.9pp	-16.7%-48.4pp	31.7%+48.2pp	-16.6%-1.8pp	-14.8%-1.2pp	-13.6%+0.5pp	-14.1%
Current Ratio	2.04-0.2	2.27-1.0	3.26-0.0	3.30+0.3	2.96-1.8	4.77+3.4	1.37+0.1	1.27
Debt-to-Equity	0.150.0	0.14-0.0	0.16-0.1	0.30-0.2	0.52+0.1	0.42-0.0	0.44+0.2	0.29
FCF Margin	-92.1%-15.1pp	-77.1%+103.4pp	-180.4%-105.0pp	-75.4%-20.8pp	-54.5%+140.6pp	-195.1%+391.6pp	-586.7%-112.5pp	-474.2%

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Frequently Asked Questions

What is Worksport Ltd's annual revenue?

Worksport Ltd (WKSP) reported $15.6M in total revenue for fiscal year 2025. This represents a 83.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Worksport Ltd's revenue growing?

Worksport Ltd (WKSP) revenue grew by 83.4% year-over-year, from $8.5M to $15.6M in fiscal year 2025.

Is Worksport Ltd profitable?

No, Worksport Ltd (WKSP) reported a net income of -$19.4M in fiscal year 2025, with a net profit margin of -124.4%.

What is Worksport Ltd's EBITDA?

Worksport Ltd (WKSP) had EBITDA of -$17.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Worksport Ltd's gross margin?

Worksport Ltd (WKSP) had a gross margin of 28.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Worksport Ltd's operating margin?

Worksport Ltd (WKSP) had an operating margin of -120.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Worksport Ltd's net profit margin?

Worksport Ltd (WKSP) had a net profit margin of -124.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Worksport Ltd's free cash flow?

Worksport Ltd (WKSP) generated -$18.1M in free cash flow during fiscal year 2025. This represents a -69.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Worksport Ltd's operating cash flow?

Worksport Ltd (WKSP) generated -$17.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Worksport Ltd's capital expenditures?

Worksport Ltd (WKSP) invested $789K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Worksport Ltd spend on research and development?

Worksport Ltd (WKSP) invested $1.5M in research and development during fiscal year 2025.

How many shares does Worksport Ltd have outstanding?

Worksport Ltd (WKSP) had 12M shares outstanding as of fiscal year 2025.

Are Worksport Ltd's earnings high quality?

Worksport Ltd (WKSP) has an earnings quality ratio of 0.89x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Worksport Ltd cover its interest payments?

Worksport Ltd (WKSP) has an interest coverage ratio of -31.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.