Worksport Ltd income statement

In fiscal 2025, Worksport Ltd reported revenue of $16.1m, up 89.8% on the year before, operating income of −$18.8m (a -116.8% margin) and net income of −$19.4m, or −$3.16 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Worksport Ltd: income statement, annual
Fiscal year	2010Sept 2010	2011Sept 2011	2012Sept 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	0	0	0	0	1	1	0	0	0	2	0	0	0	2	8	16	18
Cost of revenue	—	—	—	0	0	1	0	0	0	2	0	0	0	1	8	12	13
Gross profit	—	—	—	0	0	0	0	0	0	0	0	−0	0	0	1	4	6
Research and development	—	—	—	0	0	0	—	—	—	—	—	—	—	2	2	2	1
Selling, general and administrative	—	—	—	—	—	—	—	—	—	—	—	—	—	14	15	21	24
Selling and marketing	—	—	—	—	—	—	—	—	0	0	0	1	2	—	—	—	—
General and administrative	0	0	0	0	0	0	0	2	0	0	0	2	5	—	—	—	—
Operating income	−0	−0	−0	—	—	−3	−0	−2	−1	−1	−1	−8	−13	−15	−15	−19	−20
Interest expense	0	0	0	—	—	0	0	0	0	0	0	0	0	1	1	1	1
Income before tax	—	—	—	—	—	—	—	—	—	—	—	—	—	−15	−16	−19	—
Income tax	0	0	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—
Net income	−0	−0	−0	−0	−0	−3	−1	−3	−2	−0	−1	−8	−13	−15	−4	−19	−21
Diluted EPS	$0.00	$0.00	−$3.00	−$110700.00	−$1200.00	−$27.00	−$6.00	−$8.50	−$4.00	−$0.50	−$1.07	−$6.90	−$7.30	−$8.44	−$5.84	−$3.16	—
Diluted shares (average)	—	—	9m	—	—	—	224m	408m	—	—	1m	1m	2m	2m	3m	6m	—
EBITDA	−0	−0	−0	—	—	−3	−0	−2	−1	−1	−1	−7	−12	−14	−14	−17	−19

US$ thousands unless shown otherwise. Fiscal quarters.

Worksport Ltd: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	3,122	2,928	2,240	4,105	5,014	4,743	3,313	5,230
Cost of revenue	2,875	2,603	1,844	3,023	3,445	3,315	2,459	3,580
Gross profit	247	324	396	1,082	1,569	1,428	854	1,650
Research and development	396	478	370	305	301	563	205	214
Selling, general and administrative	3,748	3,601	4,208	4,256	5,891	7,083	6,172	5,049
Operating income	−3,905	−4,010	−4,256	−3,618	−4,793	−6,130	−5,744	−3,819
Interest expense	230	239	195	128	139	130	92	147
Net income	−4,135	8,148	−4,460	−3,734	−4,929	−6,229	−5,829	−3,965
Diluted EPS	−$1.40	−$1.20	−$1.05	−$0.71	−$0.75	−$0.72	−$0.54	−$0.33
EBITDA	−3,501	−3,277	−3,811	−3,174	−4,322	−5,655	−5,318	−3,399

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Worksport Ltd's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Worksport Ltd.