Worksport Ltd. (WKSP) — Financial statements
Income statement, balance sheet, and cash flow for Worksport Ltd. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 16↑89.8% | 8↑454.7% | 2↑1213.0% | 0.12↓61.6% | 0.30 | |
| Cost of Revenue | 12↑53.4% | 8↑487.9% | 1↑2162.9% | 0.06↓83.8% | 0.35 | |
| Gross Profit | 4↑394.1% | 0.91↑276.5% | 0.24↑304.0% | 0.06↑226.8% | -0.05 | |
| Operating Expenses | ||||||
| R&D Expenses | 2↓32.8% | 2↑37.2% | 2 | 0.00 | 0.00 | |
| General & Administrative Expenses | 15↑26.4% | 12↓1.0% | 12↑13.8% | 10↑69.8% | 6 | |
| Selling & Marketing Expenses | 7↑191.1% | 2↑60.9% | 1↓39.4% | 2↑76.4% | 1 | |
| SG&A Expenses | 22↑54.3% | 14↑5.9% | 13↑3.6% | 13↑71.0% | 8 | |
| Other Expenses | -0.30↓1893.5% | -0.01↓452.7% | -0.00↑74.3% | -0.01↓351.2% | 0.00 | |
| Operating Expenses | 23↑40.5% | 16↑9.3% | 15↑16.7% | 13↑70.8% | 8 | |
| Total Costs & Expenses | 35↑44.6% | 24↑47.2% | 16↑26.2% | 13↑63.9% | 8 | |
| Operating Results | ||||||
| Operating Income | -19↓19.8% | -15↓4.9% | -15↓15.4% | -13↓68.9% | -8 | |
| Depreciation & Amortization | 2↑4.6% | 2↑58.0% | 1↑128.1% | 0.49↑627.6% | 0.07 | |
| EBITDA | -17↓21.9% | -14↓3.6% | -13↓14.2% | -12↓53.4% | -8 | |
| EBIT | -19↓20.0% | -15↓7.9% | -14↓18.8% | -12↓58.5% | -8 | |
| Interest & Other Income | ||||||
| Net Interest Income | -0.59↑13.9% | -0.69↓82.7% | -0.38↓36.3% | -0.28↑5.1% | -0.29 | |
| Interest Income | 0.00↓100.0% | 0.04↓84.3% | 0.24↑12.7% | 0.21↑5646.9% | 0.00 | |
| Interest Expense | 0.59↓18.4% | 0.73↑17.8% | 0.62↑26.1% | 0.49↑65.7% | 0.29 | |
| Non-Operating Income | 0.00↑100.0% | -0.03↑93.4% | -0.42↑41.8% | -0.73↓1900.6% | 0.04 | |
| Other Income / Expenses | -0.83↓19.1% | -0.70↓263.0% | -0.19↓180.4% | 0.24↑171.4% | -0.34 | |
| Income Before Tax | -19↓19.7% | -16↓8.3% | -15↓19.1% | -13↓58.7% | -8 | |
| Income Tax Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -19↓19.7% | -16↓8.3% | -15↓19.1% | -13↓58.7% | -8 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -19↓19.7% | -16↓8.3% | -15↓19.1% | -13↓58.7% | -8 | |
| Bottom-Line Net Income | -19↓19.7% | -16↓8.3% | -15↓19.1% | -13↓58.7% | -8 | |
| EPS (Basic) | -3.16↑45.9% | -5.84↓182.1% | -2.07↓19.0% | -1.74↓145.1% | -0.71 | |
| EPS (Diluted) | -3.16↓32.8% | -2.38↓58.7% | -1.50↓19.0% | -1.26↓77.5% | -0.71 | |
| Weighted Average Shares | 6↑121.9% | 3↓61.7% | 7↑0.0% | 7↓37.2% | 12 | |
| Weighted Average Diluted Shares | 6↓9.6% | 7↓31.9% | 10↑0.0% | 10↓13.2% | 12 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.