Worksport Ltd
About Worksport Ltd
Worksport Ltd designs, develops, and manufactures products for markets including automotive accessories, consumer electronics, and residential and commercial HVAC systems. The company leverages a growing intellectual property portfolio of patents, designs, and trademarks covering products such as tonneau covers, solar-integrated tonneau covers, portable power stations, hydrogen-based green energy systems, heat pumps, and EV charging solutions. Its segments include soft tonneau covers, consisting mainly of vinyl-wrapped tri-fold and quad-fold covers manufactured by third-party suppliers, and hard tonneau covers, which generate the majority of revenue in the United States and include aluminum tri-fold and quad-fold covers manufactured and assembled in the United States.
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Financial summary
- Revenue FY2025
- $16.1M
- Net income
- -$16.2M
- Total assets
- $30.7M
- Market cap
- $7.9M
- Gross margin
- 27.8%
- Operating margin
- -116.8%
- Net margin
- -120.2%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $16.1M
- Cost of revenue
- $11.6M
- Gross profit
- $4.5M
- Operating expenses
- $23.3M
- Operating income
- -$18.8M
- Income tax
- -$4.2M
- Net income
- -$19.4M
- EPS (basic)
- $-3.16
- EPS (diluted)
- $-3.16
Balance sheet
- Total assets
- $30.7M
- Current assets
- $16.8M
- Total liabilities
- $7.8M
- Current liabilities
- $6.7M
- Shareholders’ equity
- $22.9M
Cash flow
- Operating cash flow
- -$17.3M
- Investing cash flow
- -$1.1M
- Financing cash flow
- $19.5M
- Net cash flow
- $1.1M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year · hover for prices
52-week range
- Market cap
- $7.9M
- EPS (diluted)
- $-3.16
- Shares outstanding
- 9.0M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Aug 3, 1998
At a glance
- Reported a net loss of $16.2M in FY2025.
- Revenue grew 5201% from FY2021 to FY2025.
- Gross margin of 27.8%, net margin -120.2%.
- Trading 81% below its 52-week high.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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