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Worksport
(NASDAQ:WKSP)
Worksport (WKSP) vs. SPDR S&P 500 ETF (SPY)
Worksport Business Overview & Revenue Model
Worksport Earnings Call Summary
Worksport Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.40M | 8.48M | 1.53M | 116.50K | 303.75K | 346.14K |
| Gross Profit | 2.05M | 905.65K | 240.51K | 59.53K | -46.95K | 47.15K |
| EBITDA | -13.81M | -13.68M | -13.20M | -11.56M | -7.54M | -774.41K |
| Net Income | -16.63M | -16.16M | -14.93M | -12.53M | -7.90M | -1.19M |
Balance Sheet | ||||||
| Total Assets | 23.58M | 25.74M | 25.95M | 32.76M | 36.29M | 1.90M |
| Cash, Cash Equivalents and Short-Term Investments | 1.39M | 4.88M | 4.86M | 15.32M | 28.57M | 1.12M |
| Total Debt | 3.09M | 5.62M | 6.24M | 6.62M | 857.06K | 712.79K |
| Total Liabilities | 6.26M | 8.32M | 7.78M | 8.65M | 2.11M | 1.73M |
| Stockholders Equity | 17.32M | 17.41M | 18.18M | 24.12M | 34.18M | 169.47K |
Cash Flow | ||||||
| Free Cash Flow | -11.37M | -10.67M | -15.62M | -19.13M | -5.18M | -734.27K |
| Operating Cash Flow | -10.65M | -10.14M | -11.93M | -7.98M | -4.05M | -726.30K |
| Investing Cash Flow | -775.25K | -528.24K | -3.76M | -11.15M | -1.13M | -16.73K |
| Financing Cash Flow | 9.39M | 12.18M | 4.43M | 5.18M | 32.64M | 1.81M |
Worksport Technical Analysis
Worksport Risk Analysis
Worksport Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | $80.60M | -34.57 | -12.14% | ― | -13.01% | 21.49% | |
49 Neutral | $18.16M | -0.49 | -95.07% | ― | 123.37% | 44.08% | |
48 Neutral | $55.10M | -0.93 | -31.07% | ― | -23.26% | -259.03% | |
46 Neutral | $3.00M | ― | ― | ― | ― | ― | |
44 Neutral | $6.93M | -0.04 | ― | ― | -12.38% | 60.99% | |
41 Neutral | $4.19M | -0.05 | -121.52% | ― | -100.00% | 11.41% |
Worksport Corporate Events
On January 13, 2026, Worksport issued a year-ahead corporate update highlighting that its SOLIS solar tonneau cover and COR portable energy system had moved from development into commercial shipment from its U.S. facilities, supported by an imminent digital marketing push and expanded distribution through major master warehouse distributors and potential big-box retail channels. The company reported that 2025 brought record revenue growth and earlier-than-expected gross margin improvements, and it is now deepening EV OEM discussions, including an agreement with Hyundai to explore direct integration of SOLIS with a future Hyundai EV pickup battery and ongoing talks with other EV truck makers, while preparing the 2026 commercialization of its Aetherlux heat pump featuring ZeroFrost technology for extreme cold climates. Management signaled that updated 2026 financial guidance will come in the first quarter, framing the ramp in clean energy product shipments, broader B2B and retail reach, and progress in HVAC and EV integrations as steps toward building a larger U.S. manufacturing footprint and strengthening Worksport’s position in the clean energy and automotive accessories markets.
The most recent analyst rating on (WKSP) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
On December 11, 2025, Worksport Ltd., a Nevada corporation, held its 2025 Annual Meeting of Shareholders. During the meeting, shareholders elected five nominees to the Board of Directors, ratified Lumsden & McCormick, LLP as the independent registered public accounting firm for 2025, approved non-plan stock option grants, and amended the 2022 Equity Incentive Plan to change the evergreen formula to a quarterly increase and raise the evergreen percentage to 18%. Additionally, the meeting was adjourned to allow further solicitation of proxies if needed.
The most recent analyst rating on (WKSP) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
Worksport has issued Inducement Warrants under an exemption from the registration requirements of the Securities Act of 1933. These warrants and the shares associated with them are not registered and cannot be sold in the United States without proper registration or exemption, indicating a strategic financial maneuver to potentially enhance its capital structure.
The most recent analyst rating on (WKSP) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
On December 1, 2025, Worksport Ltd. announced the launch of its COR Mobile Battery Generator and SOLIS Pickup Truck Bed Mounted Solar Array, marking a significant milestone in the company’s history. This launch introduces a next-generation Nano-Grid power system for pickup trucks, combining portable battery and solar technology to provide renewable, portable power for various applications. The launch is expected to open new revenue streams and market opportunities, with projected revenues of $2-3 million for 2025 and potential for substantial growth in 2026. The products are now available for purchase online, and the company has made significant investments to ensure supply chain readiness, including a $1 million purchase order for COR units.
The most recent analyst rating on (WKSP) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
On November 25, 2025, Worksport Ltd. announced that its HD3 heavy-duty tonneau cover is now available for sale to its B2B dealer network following its production launch in October. The HD3 is designed for durability and professional-grade use, and it is expected to enhance Worksport’s market presence in the B2B channel while complementing its existing AL3 and AL4 platforms. Additionally, Worksport is preparing for the initial orders of its clean-tech products, the COR portable nano-grid system and the SOLIS solar-integrated tonneau cover, set to open on November 28. These products are anticipated to create a new revenue stream, contributing to the company’s growth strategy and expanding its product pipeline into marketable offerings.
The most recent analyst rating on (WKSP) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
On November 18, 2025, Worksport Ltd. announced a significant expansion of its U.S. operations with the opening of a new facility in Missouri dedicated to assembling SOLIS solar-integrated tonneau covers. This strategic move is aimed at enhancing operational capacity, engineering oversight, and commercial readiness, marking a crucial step in Worksport’s growth strategy. The Missouri location offers logistical advantages and access to a skilled workforce, which will help optimize shipping routes and reduce costs. The expansion more than triples the company’s previous Missouri R&D footprint and is expected to support the growing demand for Worksport’s products. This development allows for direct integration between engineering and assembly, improving product quality and accelerating commercialization timelines with minimal capital expenditure.
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.
On November 13, 2025, Worksport Ltd. reported a significant 61% increase in revenue for Q3 2025, achieving a gross margin of 31.3%. The company is targeting profitability in 2026 with a revenue goal exceeding $45 million, driven by sales of tonneau covers and the anticipated launch of the SOLIS solar-integrated tonneau cover and COR battery system. This growth reflects Worksport’s strategic investments in scalable manufacturing and operational efficiencies, positioning the company for sustained double-digit growth and cash flow positivity.
The most recent analyst rating on (WKSP) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
On November 10, 2025, Worksport Ltd. announced the final pricing and initial model lineup for its SOLIS solar tonneau cover, set to launch on November 28, 2025. The SOLIS cover, a solar truck-mounted folding array, is designed to work with the Worksport COR portable power system, providing up to 490 watts of solar generation. This launch marks a significant step for Worksport, adding a new revenue stream in clean energy and expanding its product offerings to include a mobile clean energy power plant for trucks. The SOLIS cover will be available for various popular truck models, with prices ranging from $1,999 to $2,499 based on truck bed length. This development positions Worksport to capitalize on the growing demand for clean energy solutions in the automotive industry.
The most recent analyst rating on (WKSP) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
On November 4, 2025, Worksport Ltd. announced the final specifications and pricing for its COR modular portable energy system, which is designed for work, adventure, and emergency readiness. The system, starting at $949, allows users to add batteries as needed, creating a scalable power platform. It integrates with Worksport’s SOLIS solar cover for rapid off-grid charging, offering a clean energy solution that is particularly useful for emergency response and recovery. The COR system is set to debut on November 28, 2025, and aims to provide reliable power for various applications, including job sites and disaster response, positioning Worksport as a key player in the portable energy market.
The most recent analyst rating on (WKSP) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
On November 3, 2025, Worksport Ltd. announced its participation in the 2025 SEMA Show in Las Vegas, where it will showcase its SOLIS Solar Tonneau Cover and COR Portable Energy System. These products, which integrate solar energy capture and mobile power technology, are set to redefine sustainable power solutions for automotive applications. The company aims to expand its market presence by engaging with national distributors, OEMs, and potential global partners during the event. The SOLIS and COR products will be available for sale starting November 28, 2025, and are expected to strengthen Worksport’s position in the clean-tech and automotive markets by bridging the gap between truck accessories and portable clean power solutions.
The most recent analyst rating on (WKSP) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.