While Worksport demonstrated strong revenue growth and improved gross margins, the company still faces challenges with a net loss and increased operating expenses. The launch of new products and reduction in indebtedness are positive signs for future potential profitability.

Company Guidance

During the third-quarter earnings call for 2025, Worksport Ltd. announced a significant financial performance with net sales reaching $5 million, marking a 61% growth year-over-year and a 22% increase from Q2's $4.1 million. The company achieved a gross margin of 31.3%, up from 7.9% the previous year, reflecting operational efficiencies and a strong product mix. Despite a net loss of $4.9 million, the company ended the quarter with $3.8 million in cash and $6.3 million in total working capital, while reducing total indebtedness to $2.9 million from $5.3 million at the end of 2024. The growth was driven by a robust increase in the production of tonneau covers and the upcoming launches of the Solis and Core systems, which are expected to further enhance revenue streams and profitability in 2026. The company's strategic focus on achieving over 35% gross margins and transitioning to cash flow positivity by Q1 2026 underscores its commitment to sustainable growth and operational efficiency.

Strong Revenue Growth

Net sales reached $5 million, representing a 61% growth year over year and 22% sequential growth from Q2's net sales of $4.1 million.

Improved Gross Margin

Gross margin expanded to 31.3% this quarter compared to 7.9% in Q3 of last year and 26.4% in Q2 2025.

Reduction in Indebtedness

Total indebtedness reduced to $2.9 million from $5.3 million at year-end 2024, indicating improved financial stability.

US-Made Tonneau Cover Production Scale-Up

Production of US-made tonneau covers is leading growth, with Q3 production reaching 2,499 units, more than double the March 2025 total monthly output.

Launch of New Products

The HD3 Tonneau cover is set to launch in Q4 2025, and the Solis and Core systems are expected to contribute to revenue starting late 2025.

Worksport (WKSP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WKSP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 14, 2026	2026 (Q1)	- / -	-1.05	―	―	―
Nov 13, 2025	2025 (Q3)	-0.62 / -0.75	-1.4	46.43% (+0.65)
Aug 13, 2025	2025 (Q2)	-0.83 / -0.71	-1.5	52.67% (+0.79)
May 15, 2025	2025 (Q1)	-0.96 / -1.05	-1.8	41.67% (+0.75)	―
Mar 27, 2025	2024 (Q4)	-1.28 / -1.26	-2	37.00% (+0.74)
Nov 13, 2024	2024 (Q3)	-1.30 / -1.40	-2.3	39.13% (+0.90)
Aug 13, 2024	2024 (Q2)	-1.30 / -1.50	-2.2	31.82% (+0.70)
Feb 06, 2024	2023 (Q4)	-2.40 / -2.00	-2	0.00% (0.00)	―	―
Nov 15, 2023	2023 (Q3)	-2.50 / -2.30	-1.7	-35.29% (-0.60)	―	―
Nov 15, 2021	2021 (Q3)	- / -1.50	-0.212	-607.55% (-1.29)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

WKSP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 13, 2025	$2.52	$2.16	-14.29%
Aug 13, 2025	$3.78	$3.39	-10.32%
May 15, 2025	$3.31	$2.93	-11.48%
Mar 27, 2025	$3.67	$3.35	-8.72%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Worksport (WKSP) report earnings?

Worksport (WKSP) is schdueled to report earning on May 14, 2026, Before Open (Confirmed).

What is Worksport (WKSP) earnings time?

Worksport (WKSP) earnings time is at May 14, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is WKSP EPS forecast?

Currently, no data Available

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