WKSP
Income statement / Annual
Last year (2025), Worksport Ltd's total revenue was $16.10 M,
an increase of 89.78% from the previous year.
In 2025, Worksport Ltd's net income was -$19.35 M.
See Worksport Ltd,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
12/31/2025 |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
| Operating Revenue |
$16.10 M |
$8.48 M |
$1.53 M |
$116.50 K |
$303.75 K |
$346.14 K |
$1.93 M |
$481.52 K |
$408.70 K |
$361.12 K |
| Cost of Revenue |
$11.63 M
|
$7.58 M
|
$1.29 M
|
$56.97 K
|
$350.70 K
|
$299.00 K
|
$1.69 M
|
$384.91 K
|
$231.77 K
|
$334.06 K
|
| Gross Profit |
$4.47 M
|
$905.65 K
|
$240.51 K
|
$59.54 K
|
-$46.95 K
|
$47.15 K
|
$238.55 K
|
$96.61 K
|
$176.93 K
|
$27.06 K
|
| Gross Profit Ratio |
0.28
|
0.11
|
0.16
|
0.51
|
-0.15
|
0.14
|
0.12
|
0.2
|
0.43
|
0.07
|
| Research and Development Expenses |
$1.54 M
|
$2.29 M
|
$1.67 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$14.81 M
|
$11.71 M
|
$11.83 M
|
$10.40 M
|
$6.12 M
|
$881.58 K
|
$809.69 K
|
$1.13 M
|
$1.95 M
|
$319.61 K
|
| Selling & Marketing Expenses |
$6.95 M
|
$2.39 M
|
$1.48 M
|
$2.45 M
|
$1.39 M
|
$148.01 K
|
$50.16 K
|
$90.57 K
|
$3.72 K
|
$62.01 K
|
| Selling, General & Administrative Expenses |
$21.75 M
|
$14.10 M
|
$13.31 M
|
$12.84 M
|
$7.51 M
|
$1.03 M
|
$859.85 K
|
$1.22 M
|
$1.95 M
|
$381.62 K
|
| Other Expenses |
-$296.73 K
|
-$14.89 K
|
-$2.69 K
|
-$10.46 K
|
$4.17 K
|
$3.80 K
|
-$83.45 K
|
$84.31 K
|
$0.00
|
$7.66 K
|
| Operating Expenses |
$23.00 M
|
$16.37 M
|
$14.98 M
|
$12.83 M
|
$7.51 M
|
$1.03 M
|
$776.40 K
|
$1.31 M
|
$1.95 M
|
$389.28 K
|
| Cost And Expenses |
$34.62 M
|
$23.95 M
|
$16.27 M
|
$12.89 M
|
$7.87 M
|
$1.33 M
|
$2.46 M
|
$1.69 M
|
$2.18 M
|
$723.34 K
|
| Interest Income |
$0.00
|
$37.49 K
|
$239.35 K
|
$212.29 K
|
$3.69 K
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$592.76 K
|
$726.10 K
|
$616.21 K
|
$488.70 K
|
$294.92 K
|
$386.25 K
|
$71.96 K
|
$55.97 K
|
$170.12 K
|
$201.88 K
|
| Depreciation & Amortization |
$1.83 M
|
$1.75 M
|
$1.11 M
|
$486.58 K
|
$66.88 K
|
$26.96 K
|
$11.44 K
|
$1.52 K
|
$1.29 K
|
$998.00
|
| EBITDA |
-$16.69 M |
-$13.68 M |
-$13.20 M |
-$11.56 M |
-$7.54 M |
-$774.41 K |
-$275.64 K |
-$1.71 M |
-$3.39 M |
-$1.01 M |
| EBITDA Ratio |
-1.04
|
-1.61
|
-8.63
|
-99.22
|
-24.81
|
-2.24
|
-0.14
|
-3.54
|
-8.29
|
-2.8
|
| Operating Income Ratio |
-1.15
|
-1.82
|
-9.63
|
-109.64
|
-24.89
|
-2.85
|
-0.28
|
-2.52
|
-4.36
|
-1
|
| Total Other Income/Expenses Net |
-$831.01 K
|
-$697.96 K
|
-$192.30 K
|
$239.30 K
|
-$335.35 K
|
-$201.38 K
|
$178.82 K
|
-$551.91 K
|
-$1.62 M
|
-$774.00 K
|
| Income Before Tax |
-$19.35 M
|
-$16.16 M
|
-$14.93 M
|
-$12.53 M
|
-$7.90 M
|
-$1.19 M
|
-$359.03 K
|
-$1.76 M
|
-$3.40 M
|
-$1.14 M
|
| Income Before Tax Ratio |
-1.2
|
-1.91
|
-9.76
|
-107.59
|
-26
|
-3.43
|
-0.19
|
-3.66
|
-8.33
|
-3.15
|
| Income Tax Expense |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Net Income |
-$19.35 M
|
-$16.16 M
|
-$14.93 M
|
-$12.53 M
|
-$7.90 M
|
-$1.19 M
|
-$359.03 K
|
-$1.76 M
|
-$3.40 M
|
-$1.14 M
|
| Net Income Ratio |
-1.2
|
-1.91
|
-9.76
|
-107.59
|
-26
|
-3.43
|
-0.19
|
-3.66
|
-8.33
|
-3.15
|
| EPS |
-3.16 |
-5.84 |
-2.07 |
-1.74 |
-0.71 |
-0.43 |
-0.19 |
-1.58 |
-3.34 |
-2.03 |
| EPS Diluted |
-3.16 |
-2.38 |
-1.5 |
-1.26 |
-0.71 |
-0.43 |
-0.19 |
-1.58 |
-3.33 |
-2.03 |
| Weighted Average Shares Out |
$6.14 M
|
$2.77 M
|
$7.22 M
|
$7.22 M
|
$11.50 M
|
$2.73 M
|
$1.84 M
|
$1.12 M
|
$1.02 M
|
$560.58 K
|
| Weighted Average Shares Out Diluted |
$6.14 M
|
$6.79 M
|
$9.98 M
|
$9.98 M
|
$11.50 M
|
$2.73 M
|
$1.84 M
|
$1.12 M
|
$1.02 M
|
$560.58 K
|
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