Worksport Ltd Income Statement
WKSP|14 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 14 fiscal years. All figures from audited SEC 10-K filings.
Worksport Ltd reported $8M in revenue and $16M in net loss for FY2025. Revenue has grown at a 30.2% compound annual rate over the past 11 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score -0.50 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.5M | $1.5M | $116.5K | $303.8K | $346.1K | $1.9M | $481.5K | $408.7K | $361.1K | $651.7K | $593.0K | $465.8K | $0 | $0 |
| Cost of Revenue | $7.6M | $1.3M | $57.0K | $350.7K | $299.0K | $1.7M | $384.9K | $231.8K | $334.1K | $532.6K | $435.4K | $347.7K | - | - |
| Gross Profit | $905.6K | $240.5K | $59.5K | -$47.0K | $47.1K | $238.5K | $96.6K | $176.9K | $27.1K | $119.1K | $157.6K | $118.1K | - | - |
| SG&A Expense | $14.6M | $13.9M | $5.0M | $1.9M | $201.9K | $238.8K | $268.7K | $1.5M | $126.3K | $262.6K | $47.7K | $52.4K | $11.9K | $13.6K |
| R&D Expense | $2.3M | $1.7M | - | - | - | - | - | - | - | - | $4.9K | $659 | - | - |
| Operating Income | -$15.5M | -$14.7M | -$12.8M | -$7.6M | -$986.2K | -$537.9K | -$1.2M | -$1.8M | -$362.2K | -$3.4M | - | -$19.1K | -$11.9K | -$13.6K |
| Interest Expense | - | - | $488.7K | $294.9K | $386.2K | $72.0K | $55.5K | $13.3K | $20.8K | $10.8K | - | $235.2K | $0 | $0 |
| Income Tax | - | - | - | - | - | - | - | - | - | - | - | $1.9K | $0 | $0 |
| Net Income | -$16.2M | -$14.9M | -$12.5M | -$7.9M | -$1.2M | -$359.0K | -$1.8M | -$3.4M | -$1.1M | -$3.5M | -$479.3K | -$36.9K | -$27.5K | -$27.5K |
| EPS (Basic) | -$5.84 | -$8.44 | -$0.73 | -$0.69 | $5.49 | - | - | - | - | - | - | - | - | - |
| EPS (Diluted) | -$5.84 | -$8.44 | -$0.73 | -$0.69 | -$0.43 | -$0.01 | -$0.08 | -$0.17 | -$0.02 | -$0.09 | -$4.00 | -$369.00 | $0.00 | $0.00 |
| Shares Outstanding | 4.0M | 2.0M | 17.2M | 17.0M | 3.8M | 41.9M | 24.6M | 20.4M | 68.1M | 66.9M | 125.8K | 2.8M | 2.8M | 2.8M |
| Gross Margin | 10.7% | 15.7% | 51.1% | -15.5% | 13.6% | 12.4% | 20.1% | 43.3% | 7.5% | 18.3% | 26.6% | 25.4% | - | - |
| Operating Margin | -182.3% | -963.4% | -10964.4% | -2489.5% | -284.9% | -27.9% | -251.5% | -435.6% | -100.3% | -525.7% | - | -4.1% | - | - |
| Profit Margin | -190.5% | -976.0% | -10759.0% | -2599.9% | -343.1% | -18.6% | -366.1% | -832.7% | -314.6% | -535.2% | -80.8% | -7.9% | - | - |