Worksport Ltd
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 07/19/24 | FY 12/31/23 | FY 12/31/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $16.1M | $8.5M | — | $1.5M | $116,502 |
| Cost of revenue | $11.6M | $7.6M | — | $1.3M | $56,967 |
| Gross profit | $4.5M | $905,650 | — | $240,514 | $59,535 |
| Selling, general & administrative | $21.5M | $14.6M | — | $13.9M | — |
| Research and development | $1.5M | $2.3M | — | $1.7M | — |
| Operating expenses | $23.3M | $16.4M | — | $15.0M | $12.8M |
| Operating income | -$18.8M | -$15.5M | — | -$14.7M | -$12.8M |
| Interest expense | $592,755 | $726,095 | — | $616,214 | $488,704 |
| Pretax income | -$19.4M | -$16.2M | — | -$14.9M | — |
| Net income | -$19.4M | -$16.2M | — | -$14.9M | -$12.5M |
| Balance Sheet | |||||
| Cash and equivalents | $5.9M | $4.9M | — | $3.4M | $14.6M |
| Current assets | $16.8M | $10.5M | — | $9.1M | $18.3M |
| Total assets | $30.7M | $25.7M | — | $26.0M | $32.8M |
| Current liabilities | $6.7M | $3.2M | — | $7.2M | $2.5M |
| Total liabilities | $7.8M | $8.3M | — | $7.8M | $8.6M |
| Total debt | — | — | $3.6M | — | — |
| Stockholders' equity | $22.9M | $17.4M | — | $18.2M | $24.1M |
| Cash Flow Statement | |||||
| Cash from operations | -$17.3M | -$10.1M | — | -$11.9M | -$8.0M |
| Depreciation and amortization | $1.4M | $1.4M | — | $1.1M | $484,073 |
| Stock-based compensation | $3.0M | $2.9M | — | $5.8M | $4.9M |
| Capital expenditure | $789,460 | $528,235 | — | $3.7M | $11.0M |
| Free cash flow | -$18.1M | -$10.7M | — | -$15.6M | -$19.0M |
| Impairments | — | — | — | $0 | $0 |
Shares outstanding 12.5M · Free float 8.0%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.