Company / Net Income
Worksport Ltd Net Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Net Income
-$16.2M
FY2025
5-year range
-$16.2M / -$1.2M
FY2021-FY2025
Trend
-8.3%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Net Income has declined for 5 consecutive years, from -$359,034 in FY2020 to -$16M in FY2025.
Based on SEC 10-K filings.
-$16M in FY2025.
Declined from -$13M to -$16M over the past 2 years.
Net Income over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- Worksport Ltd's net income has declined for 5 consecutive years.
- In FY2025, net income decreased 8.3% year-over-year.
- Peak net income was recorded in FY2020.
Company context
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.
Annual data
| Year | Net IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$16.2M | -8.3% |
| FY2024 | -$14.9M | -19.1% |
| FY2023 | -$12.5M | -58.7% |
| FY2022 | -$7.9M | -565.0% |
| FY2021 | -$1.2M | -230.8% |
| FY2020 | -$359.0K | +79.6% |
| FY2019 | -$1.8M | +48.2% |
| FY2018 | -$3.4M | -199.5% |
| FY2017 | -$1.1M | +67.4% |
| FY2016 | -$3.5M | -627.6% |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026