Every 10-Q that Worksport, Ltd. (WKSP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow WKSP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WKSP filings page.
Worksport Ltd. reported higher Q2 2026 revenue but continued sizable losses. Net sales rose to $5.23 million from $4.10 million a year earlier, with gross profit improving to $1.65 million. For the first six months of 2026, net sales were $8.54 million.
Despite this growth, the company recorded a Q2 net loss of $3.97 million and a six‑month net loss of $9.79 million, with operating cash outflow of $11.68 million. Cash and equivalents fell to $1.16 million as of June 30, 2026, while total debt increased to $5.28 million. Management disclosed a material uncertainty that casts substantial doubt about its ability to continue as a going concern and highlighted reliance on equity and debt financings, including ATM sales and registered direct offerings completed in June 2026.
Worksport Ltd. reported net sales of $3.31M for the quarter ended March 31, 2026, up from $2.24M a year earlier as tonneau cover sales grew in the U.S. Gross profit more than doubled to $0.85M, lifting gross margin to 26%.
Higher general and administrative plus sales and marketing spending drove a larger net loss of $5.83M versus $4.46M. Cash fell to $0.57M, with operating cash outflow of $8.23M, partially offset by equity raises and credit facility draws. Management and auditors highlight substantial doubt about the company’s ability to continue as a going concern, despite access to a revolving credit line and ongoing capital-raising activities.
Worksport Ltd. (WKSP) reported Q3 2025 results showing strong top-line growth but continued losses and a going concern warning. Net sales rose to $5.0 million for the quarter (up 61% year over year) and to $11.4 million for the nine months (up 104%). Gross margin improved to 31.3% in Q3 from 7.9% a year ago, reflecting production efficiencies.
The company posted a Q3 net loss of $4.93 million and a nine‑month net loss of $13.12 million, with operating expenses rising as it scales manufacturing and sales. Cash and cash equivalents were $3.76 million as of September 30, 2025, with $3.29 million available on its revolving credit facility and working capital of $6.31 million. Operating cash outflow was $11.19 million year‑to‑date, offset by $11.14 million from financing, including warrant exercises and proceeds from a Regulation A offering.
The filing notes substantial doubt about the company’s ability to continue as a going concern without additional financing and improved cash generation. Subsequent updates included completing the Regulation A offering, HD3 tonneau cover production start, an announced November 28, 2025 launch date for SOLIS and COR, and further Series C conversions. Shares outstanding were 8,254,389 as of November 13, 2025.