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The latest update is out from Worksport ( (WKSP) ).
On March 26, 2026, Worksport reported record fiscal 2025 results, with net sales rising 89.8% year-on-year to $16.1 million and gross margin improving to 28% from 11% in 2024. The company cited stronger fourth-quarter margins of about 30%, a sixfold expansion of its dealer network to more than 550 locations, a 142% surge in online sales to $11.9 million and the December 2025 launches of its SOLIS solar-integrated cover and COR portable energy storage system, supported by ISO 9001 certification achieved in April 2025.
Management framed 2025 as a transition from development to early commercialization, underpinned by capital deployment into capacity and commercialization, and ended the year with roughly $9.3 million in liquidity and a more efficient New York plant. For 2026, Worksport guided for revenue of $35 million to $42 million, targeted a 35% gross margin, outlined plans to expand its dealer network to 1,500 locations, and set expectations to reach initial operational cash-flow positivity in the second half of the year alongside the planned launch of a next-generation hard tonneau cover in early second quarter 2026.
The most recent analyst rating on (WKSP) stock is a Buy with a $11.50 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
Spark’s Take on WKSP Stock
According to Spark, TipRanks’ AI Analyst, WKSP is a Neutral.
Overall score is held back primarily by weak financial quality (losses and negative operating/free cash flow) and bearish technicals (below major moving averages with negative MACD). These are partially offset by constructive earnings-call signals, including strong recent revenue growth, sharp gross-margin improvement, and a stated path toward cash-flow positivity.
To see Spark’s full report on WKSP stock, click here.
More about Worksport
Worksport Ltd., listed on Nasdaq, is a U.S.-based innovator and manufacturer of hybrid and clean-energy solutions serving the light truck, overlanding and broader consumer goods markets. The company produces tonneau covers and related power products, supported by a New York manufacturing facility and an R&D hub in Missouri, and is positioning itself for Tier‑1 automotive OEM relationships.
Average Trading Volume: 265,837
Technical Sentiment Signal: Strong Sell
Current Market Cap: $13.35M
See more data about WKSP stock on TipRanks’ Stock Analysis page.