WKSPNasdaqMotor Vehicle Parts & AccessoriesFiscal year ends December 31
Worksport Ltd
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 11, 2026
$0.34−0.01 (-4.13%)
Close on Oct 19, 2026
- Market cap
- $4.02M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2010 to 2025
Gross margin
27.8%+14.2 pts over 5 years
Operating margin
-116.8%+168.1 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +89.8% | +417.0% | +115.5% | +37.8% | |
| Gross profit | +394.1% | +322.0% | +148.6% | +43.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 227.0% | 333.1% | – | |
| Return on assets | -355.3% | -99.7% | – | |
| Current ratio | 0.23 | 0.98 | 2.50 | |
| Debt to equity | – | – | 0.12 | |
| Net debt to EBITDA | – | – | 0.19× | |
| Interest coverage | -17.4× | -2.6× | -31.7× | |
| Inventory turnover | 3.2× | 3.9× | 1.6× | |
| Capex to revenue | 0.2% | 2.3% | 4.9% | |
| Diluted shares | 0M | 3M | 6M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Worksport generated $51.57M from operations and spent $17.16M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$51.57M
Used
$17.16M
Capital expenditure$17.16M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-43.8%
×Asset turnover0.33×
×Equity multiplier1.45×
=Return on equity, FY2024-20.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | -43.8% | 0.33× | 1.45× | -20.9% |
| FY2023 | -976.0% | 0.05× | 1.39× | -70.6% |
| FY2022 | -10759.0% | 0.00× | 1.18× | -43.0% |
| FY2021 | -2599.9% | 0.02× | 1.11× | -46.0% |
| FY2020 | -343.1% | 0.29× | -3.34× | 333.1% |
| FY2019 | -18.6% | 3.71× | -0.94× | 64.9% |
| FY2018 | -366.1% | 0.66× | 9.89× | -2383.0% |
| FY2017 | -832.7% | 0.66× | -1.96× | 1074.7% |
| FY2016 | -314.6% | 1.13× | -0.64× | 227.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 5 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero-$17.31M
- Return on assets improvedROA up on the prior year-14.3% → –
- Earnings backed by cashOperating cash flow above net income-$17.31M vs –
- Less leverageLong-term debt to assets fell– → 3.1%
- Better liquidityCurrent ratio rose3.30 → 2.50
- No dilutionShare count did not rise3M → 6M
- Gross margin improvedGross margin up on the prior year10.67% → 27.79%
- More efficientAsset turnover rose0.33 → 0.63