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2026-02-11
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): February 11, 2026
WORKSPORT
LTD.
(Exact name of registrant as specified in
its charter)
| Nevada |
|
001-40681 |
|
35-2696895 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
2500
N America Dr
West
Seneca, New York 14224
(Address of principal executive offices) (ZIP Code)
(888)
554-8789
Registrant’s
telephone number, including area code
Not
Applicable
(Former name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
| ☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
| Title
of each class |
|
Trading
Symbols |
|
Name
of each exchange on which registered |
| Common |
|
WKSP |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
7.01 Regulation FD Disclosure.
On
February 11, 2026, Worksport Ltd. (the “Company”) issued a press release: “Worksport Delivers Breakout Q4: Revenue
Up 65% YoY, Gross Profit Up 380%”
A
copy of the press release is attached hereto as Exhibit 99.1.
The
information under Item 7.01 of this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section,
or incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, except as shall be
expressly set forth by specific reference in any such filing.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
| Exhibit
No. |
|
Description |
| 99.1 |
|
Press
Release dated February 11, 2026, “Worksport Delivers Breakout Q4: Revenue Up 65% YoY, Gross Profit Up 380%” |
| 104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
| |
WORKSPORT
LTD. |
| |
|
| Date:
February 11, 2026 |
By: |
/s/
Steven Rossi |
| |
Name: |
Steven
Rossi |
| |
Title: |
Chief
Executive Officer
(Principal Executive Officer) |
Exhibit
99.1
Worksport
Delivers Breakout Q4: Revenue Up 65% YoY, Gross Profit Up 380%
FY2025
Revenue Climbs 91% to Record $16.2M as Margin Expansion Accelerates and Clean Energy Portfolio Enters Monetization Phase
West
Seneca, New York, February 11, 2026 – Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S.-based
technology and manufacturing company focused on clean energy solutions and automotive accessories for consumer and reseller channels,
today announced preliminary top-line results for the fourth quarter ended December 31, 2025. The Company closed fiscal 2025 with its
strongest operational performance to date, delivering 65% year-over-year revenue growth in the fourth quarter and 91% full-year revenue
growth, while validating the scalability of its domestic manufacturing platform through substantial gross margin and gross profit
expansion.
Q4
2025 Financial Highlights (Unaudited)
| ● | Quarterly
Revenue Growth: Q4 2025 Net Sales increased to $4.84 million; A 65% increase
compared to $2.93million in Q4 2024. |
| | | |
| ● | Structural
Margin Expansion: Gross margin for the quarter reached 32%, compared to 11% in
the prior year period; An expansion of 2,100 basis points. |
| | | |
| ● | Gross
Profit Surge: Gross profit for the quarter rose to ~$1.5 million, representing
a 380% increase year-over-year ($0.3 million in Q4 2024) |
| | | |
| ● | Fiscal
Year Performance: Full-year 2025 revenue reached a record $16.2 million, up 91%
from $8.5 million in 2024. |
“Our
Q4 results demonstrate that our U.S. manufacturing engine is not just operational, but highly resilient,” said Steven Rossi, CEO
of Worksport. “We have proven we can expand margins above 31% even in a rising cost environment. This ‘manufacturing alpha’ provides
the stable financial foundation required to support our next phase of growth.”
Aluminum
Price Increases; Margin Expansion
A
key highlight of the Company’s 2025 performance was its ability to expand gross margins despite significant increases in raw
material costs. During the year, domestic aluminum prices rose by more than 35%, driven by supply constraints and tariff-related
pressures. For most industrial manufacturers, particularly those where aluminum is a primary input for products such as the AL3, HD3,
and AL4, cost inflation would typically result in margin compression. Worksport, however, successfully grew gross margins despite
aluminum price volatility.
By
transitioning production to its West Seneca, NY facility, the Company successfully offset rising commodity costs through:
| ● | Advanced
Manufacturing: Utilizing latest technology and production machinery to create a lean
and scalable operation. |
| | | |
| ● | Scrap
Reduction: Implementing precision engineering to minimize aluminum waste per unit. |
| | | |
| ● | Fixed
Cost Absorption: Spreading overhead costs across a daily production volume that more
than doubled by the end of the year. |
Strategic
Pivot: From R&D Spend to Monetization Phase
As
Worksport enters 2026, the Company is executing a deliberate shift in how it allocates capital across its clean-energy portfolio. The
majority of the capital expenditures and Research & Development investments required to design, validate, and de-risk the
SOLIS™ Solar Tonneau Cover, COR™ Portable Energy System, and Aetherlux™ Heat Pump have now been incurred.
With
core development substantially complete, management expects R&D intensity to decline meaningfully. These technologies are no longer
being treated as ongoing cost centers, but as invested assets transitioning into their commercial monetization phase, where
incremental spending is increasingly directed toward certification, manufacturing scale-up, sales infrastructure, and revenue generation
rather than foundational engineering.
| ● | COR™
& SOLIS™: With commercial launch beginning in January 2026, these products
are transitioning from development projects to revenue-generating inventory. The infrastructure
to manufacture and distribute these units is fully deployed, marketing will now scale up. |
| | | |
| ● | Aetherlux™
(Terravis Energy): Following the validation of its ZeroFrost™ technology and the
selection of a manufacturing partner, Aetherlux is positioned as a high-value asset targeting
the $148 billion HVAC market, with minimal additional CapEx required for scaling. Aetherlux
has received attention from Governments and several multi-national businesses. |
2026
Outlook Update
Worksport
is currently finalizing its order book and production schedules for the coming year. The Company expects to issue an update on forward
guidance for Fiscal Year 2026, including specific revenue and cash flow positivity targets, later this quarter.
For
all future updates, join Worksport’s Newsletter.
Contacts
Investor
Relations, Worksport Ltd. T: 1 (888) 554-8789-128
W:
investors.worksport.com W: www.worksport.com E: investors@worksport.com
Connect
with Worksport Chief Executive Officer, Steven Rossi
Steven
Rossi X (Twitter)
Steven
Rossi LinkedIn
About
Worksport
Worksport
Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau
covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport has an active partnership with
Hyundai for the SOLIS Solar cover. Additionally, Worksport’s hard-folding cover, designed and manufactured in-house, is compatible
with all major truck models and is gaining traction with newer truck makers including the electric vehicle (EV) sector. Worksport seeks
to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile
energy storage systems (ESS), and Cold-Climate Heat Pump (CCHP) technology. Terravis Energy’s website is terravisenergy.com.
Connect
with Worksport
Please
follow the Company’s social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube,
and Instagram, the links of which are links to external third-party websites, as well as sign up for the Company’s newsletters
at investors.worksport.com.
Social
Media Disclaimer
The
Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than
content published by the Company. Investors and others should note that the Company announces material financial information to our investors
using our investor relations website, press releases, Securities and Exchange Commission (SEC”) filings, and public conference
calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors,
the media, and others to review the information the Company publishes on social media. The Company does not selectively disclose material
non-public information on social media. If there is any significant financial information, the Company will release it broadly to the
public through a press release or SEC filing prior to publishing it on social media.
Forward-Looking
Statements
The
information contained herein may contain “forward-looking statements.” Forward-looking statements reflect the current view
about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,”
“scheduled,” “expect,” “future,” “intend,” “plan,” “project,”
“envisioned,” “should,” or the negative of these terms and similar expressions, as they relate to us or our management,
identify forward-looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they
are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies,
projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which
are outside of our control. Our actual results and financial situation may differ materially from those indicated in the forward-looking
statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual
results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the
following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to
sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the
risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the SEC,
including, without limitation, our latest Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders
are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. As a result of these matters, changes
in facts, assumptions not being realized or other circumstances, the Company’s actual results may differ materially from the expected
results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press
release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent
events or circumstances.
