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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 | 10.21M | 8.48M | 1.53M | 116.50K | 303.75K | 346.14K |
| Gross Profit | 1.26M | 905.65K | 240.51K | 59.53K | -46.95K | 47.15K |
| EBITDA | -14.74M | -13.68M | -13.20M | -11.56M | -7.39M | -774.41K |
| Net Income | -16.91M | -16.16M | -14.93M | -12.53M | -7.90M | -1.19M |
Balance Sheet | ||||||
| Total Assets | 26.66M | 25.74M | 25.95M | 32.76M | 36.29M | 1.90M |
| Cash, Cash Equivalents and Short-Term Investments | 5.08M | 4.88M | 4.86M | 15.32M | 28.57M | 1.11M |
| Total Debt | 781.87K | 5.62M | 6.24M | 6.62M | 857.06K | 712.79K |
| Total Liabilities | 6.54M | 8.32M | 7.78M | 8.65M | 2.11M | 1.73M |
| Stockholders Equity | 20.13M | 17.41M | 18.18M | 24.12M | 34.18M | 169.47K |
Cash Flow | ||||||
| Free Cash Flow | -11.96M | -10.67M | -15.62M | -19.13M | -5.18M | -734.27K |
| Operating Cash Flow | -11.18M | -10.14M | -11.93M | -7.98M | -4.05M | -726.30K |
| Investing Cash Flow | -773.61K | -528.24K | -3.76M | -11.15M | -1.13M | -16.73K |
| Financing Cash Flow | 13.50M | 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 |
|---|---|---|---|---|---|---|---|
| ― | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
| ― | $20.99M | -0.73 | -91.21% | ― | 232.13% | 41.77% | |
| ― | $9.52M | -0.07 | ― | ― | -12.27% | 57.49% | |
| ― | $56.22M | -1.33 | -27.62% | ― | -27.36% | -218.40% | |
| ― | $45.83M | -18.11 | -12.94% | ― | -6.71% | 37.34% | |
| ― | $10.41M | ― | ― | ― | ― | ― | |
| ― | $5.99M | -0.09 | -264.35% | ― | -98.22% | 49.35% |
Worksport Corporate Events
On October 23, 2025, Worksport Ltd. announced that its new HD3 Heavy-Duty tonneau cover has entered production, marking a significant expansion of its hard-cover offerings for commercial and fleet applications. The HD3, designed for maximum durability, is expected to enhance Worksport’s market reach, with initial sales set to begin in mid-November. This product launch is anticipated to strengthen Worksport’s presence in commercial markets, leveraging its wholesale and B2B partnerships to accelerate adoption. The company plans to expand its HD3 lineup to over 25 models by December 2025, further solidifying its position in the industry.
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 October 16, 2025, Worksport Ltd. announced record revenue growth and margin expansion for Q3 2025, with revenue reaching $5.015 million, marking a 62% increase year-over-year. The company achieved a gross margin of 31%, up from 7.9% in Q3 2024, and produced 8,600 units, doubling production since Q1 2025. These results highlight Worksport’s operational leverage and manufacturing efficiency ahead of launching new clean-energy products, SOLIS, COR, and Aetherlux by Terravis, which are expected to further strengthen its market position.
The most recent analyst rating on (WKSP) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
On October 15, 2025, Worksport Ltd. announced the successful closure of a $10 million Regulation A funding, which eliminates near-term capital uncertainty and positions the company for accelerated product launches and operational growth in its clean-energy and automotive divisions. The funding will be used to commercialize Worksport’s flagship COR™ portable power system and SOLIS™ solar tonneau cover, expected to launch in Q4 2025, marking a transition to a revenue-generating company. This milestone supports Worksport’s path to profitability, with recent achievements including record monthly sales and improved gross margins, driven by increased B2B adoption and U.S. manufacturing efficiencies.
The most recent analyst rating on (WKSP) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
On October 6, 2025, Worksport Ltd., through its subsidiary Terravis Energy, announced a collaboration with the U.S. Department of Energy’s NREL to analyze its AetherLux™ Pro heat pump with ZeroFrost™ technology in Alaska. This project aims to evaluate the technology’s efficiency in extreme cold conditions and its potential to reduce household heating costs, addressing the reliance on fossil fuels in North America. The initiative is seen as a significant step towards Worksport’s goal of penetrating the multi-billion-dollar heat pump market, with the potential to redefine cold-climate heating and enhance the company’s market valuation.
The most recent analyst rating on (WKSP) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
On September 30, 2025, Worksport Ltd. announced a significant expansion in its business-to-business (B2B) operations, reporting a 42% increase in its active dealer network within one quarter and a 25% monthly geometric growth in B2B revenue since the beginning of 2025. The company also highlighted its strategic focus on higher-margin branded products, resulting in record gross margin growth from 11% in Q4 2024 to 31% in July 2025. Worksport is preparing to launch new products, including the HD3 Tonneau Cover and clean-tech solutions like the SOLIS Solar Tonneau Cover and COR Portable Energy System, aiming to strengthen its position in the clean energy and EV support markets.
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 September 23, 2025, Worksport Ltd. announced a corporate update highlighting record revenue growth and expanding margins in Q3 2025, with gross margins exceeding 30%. The company is set to launch its SOLIS Solar Tonneau Cover and COR Portable Energy System in late Q4 2025, aiming to tap into new multi-billion-dollar markets. Worksport is also exploring strategic distribution expansions in the U.S. to support its growing B2C business, while its subsidiary Terravis Energy advances its AetherLux ZeroFrost Heat Pump program with potential global partnerships and licensing opportunities.
The most recent analyst rating on (WKSP) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
In July 2025, Worksport Ltd. achieved its fourth consecutive monthly sales record, with revenue reaching $1.71 million and gross margin expanding to 31%, achieving its year-end target one quarter early. This growth underscores the success of its U.S. manufacturing model and positions the company for sustained profitability and long-term shareholder value, as it anticipates further growth with upcoming product launches.
The most recent analyst rating on (WKSP) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
On September 2, 2025, Worksport Ltd. entered into a Marketing Services Agreement with Octagon Media Corp., known as Wall Street Reporter, to enhance its investor outreach through a six-month marketing program. The agreement, effective from September 3, 2025, involves a $125,000 payment and issuance of warrants for 200,000 shares, aiming to bolster Worksport’s market presence and attract investor interest.
The most recent analyst rating on (WKSP) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
On September 4, 2025, Worksport Ltd. announced its participation in the Wall Street Reporter’s ‘Next Super Stock’ livestream, where CEO Steven Rossi highlighted the company’s significant growth and strategic advancements. Worksport reported record revenue growth in Q2 2025, a substantial increase in gross margins, and an expanding dealer network. The company is scaling its U.S. manufacturing operations and preparing to launch innovative products like the SOLIS solar-integrated tonneau cover and COR portable power system, which are expected to enhance its market position and drive future growth.
The most recent analyst rating on (WKSP) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
The latest earnings call from Worksport Ltd paints an optimistic picture of the company’s growth trajectory, characterized by record revenue figures and improved gross margins. Despite facing challenges such as increased operating expenses and cash flow management issues, the company remains confident in its ability to achieve cash flow positivity and profitability in the near future.
Worksport Ltd., a company operating in the automotive accessories industry, specializes in manufacturing innovative tonneau covers and solar-powered solutions for pickup trucks. The company recently released its earnings report for the quarter ending June 30, 2025, highlighting significant financial developments.
On August 13, 2025, Worksport Ltd. announced record financial results for Q2 2025, with a 173% increase in gross profit and an 83% rise in revenue. The company also reaffirmed its revenue target of at least $20 million for 2025 and highlighted its path to achieving operational cash flow positivity. Worksport achieved its highest quarterly revenue in company history, with net sales of $4.10 million, and expanded its gross margin to 26.4%. The company is focusing on launching new products and managing costs effectively to drive future growth and profitability.
The most recent analyst rating on (WKSP) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
On August 7, 2025, Worksport Ltd. announced significant corporate developments, including the doubling of its Bitcoin holdings as part of its treasury strategy, expansion of production capacity with new manufacturing equipment, and new discussions with automotive OEMs. These initiatives are aimed at enhancing the company’s operational efficiency and market presence. Worksport is also engaging in brand visibility efforts and anticipates a strong performance in the latter half of 2025, with a focus on launching new products targeting a $13 billion market.
The most recent analyst rating on (WKSP) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
On August 5, 2025, Worksport Ltd. announced a new 4-week production record, having produced 2,499 tonneau covers in July, more than doubling its March output. This achievement highlights the company’s operational efficiency and scaling capabilities, as it was accomplished without increasing headcount. The growth is driven by strong market demand for Worksport’s AL4 premium tonneau cover, positioning the company to potentially surpass $20 million in revenue this year. Additionally, Worksport plans to launch its SOLIS solar-integrated tonneau cover and COR portable power system later in 2025, targeting a $13 billion market in clean energy and portable power. A major U.S. construction company is piloting these products, indicating potential for significant future revenue contributions.
The most recent analyst rating on (WKSP) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
On July 31, 2025, Worksport Ltd. announced that it will report its Q2 2025 financial results on August 13, 2025, with a conference call led by CEO Steven Rossi. The company is experiencing record growth in margins and revenue, and is nearing cash flow positivity, with plans to launch a major clean-tech division. This announcement highlights Worksport’s transformative year and its focus on multiple growth verticals, which could strengthen its position in the clean energy market.
The most recent analyst rating on (WKSP) stock is a Buy with a $17.50 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.