Worksport Ltd. (WKSP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 3.31M | 4.74M | 5.01M | 4.1M | 2.24M | 2.93M | 3.12M | 1.92M | 512.64K | 839.37K | 458.48K | 199.85K | 31.93K | 39.06K | 18.35K | 11.3K | 47.78K | 16.45K | 93.41K | 186.24K |
| Revenue Growth % | 47.89% | 61.99% | 60.58% | 113.63% | 336.96% | 248.81% | 581.02% | 861.49% | 1505.75% | 2048.77% | 2398.55% | 1667.81% | -33.19% | 137.42% | -80.36% | -93.93% | 524.63% | -86.57% | -19.82% | 181.74% |
| Cost of Goods Sold | 2.46M | 3.32M | 3.45M | 3.02M | 1.84M | 2.6M | 2.88M | 1.62M | 475.18K | 747.28K | 368.8K | 153.29K | 19.76K | -1.6K | 12.6K | 7.99K | 37.98K | 71.34K | 81.81K | 137.33K |
| COGS % of Revenue | 74.22% | 69.9% | 68.71% | 73.64% | 82.31% | 88.92% | 92.08% | 84.56% | 92.69% | 89.03% | 80.44% | 76.7% | 61.89% | -4.09% | 68.68% | 70.65% | 79.48% | 433.59% | 87.58% | 73.74% |
| Gross Profit | 853.95K | 1.43M | 1.57M | 1.08M | 396.22K | 324.39K | 247.17K | 296.63K | 37.46K | 92.1K | 89.69K | 46.56K | 12.17K | 40.66K | 5.75K | 3.32K | 9.81K | -54.88K | 11.6K | 48.91K |
| Gross Margin % | 25.78% | 30.1% | 31.29% | 26.36% | 17.69% | 11.08% | 7.92% | 15.44% | 7.31% | 10.97% | 19.56% | 23.3% | 38.11% | 104.09% | 31.32% | 29.35% | 20.52% | -333.59% | 12.42% | 26.26% |
| Gross Profit Growth % | 115.52% | 340.14% | 534.69% | 264.8% | 957.83% | 252.23% | 175.6% | 537.05% | 207.82% | 126.49% | 1460.32% | 1303.35% | 24.07% | 174.09% | -50.44% | -93.22% | 118.65% | -1643.45% | -48.12% | 577.46% |
| Operating Expenses | 6.6M | 7.28M | 6.36M | 4.7M | 4.65M | 4.33M | 4.15M | 4.21M | 3.68M | 3.64M | 4.01M | 3.79M | 3.54M | 3.77M | 2.95M | 3.31M | 2.81M | 3.66M | 2.05M | 851.46K |
| OpEx % of Revenue | 199.24% | 153.53% | 126.89% | 114.49% | 207.7% | 148.05% | 132.99% | 218.96% | 717.26% | 433.76% | 874.45% | 1894.05% | 11095.12% | 9639.76% | 16068.53% | 29292.43% | 5875.58% | 22260.37% | 2196.35% | 457.19% |
| Selling, General & Admin | 6.4M | 6.99M | 6.06M | 4.4M | 4.28M | 2.06M | 4.16M | 3.15M | 3.3M | 3.64M | 4.01M | 3.78M | 3.54M | 3.76M | 2.97M | 3.31M | 2.81M | 3.74M | 2.06M | 847.66K |
| SG&A % of Revenue | 193.04% | 147.48% | 120.88% | 107.11% | 191.28% | 70.41% | 133.18% | 163.72% | 644.49% | 433.76% | 874.94% | 1893.89% | 11096.55% | 9620.99% | 16160.11% | 29289.31% | 5878.38% | 22725.5% | 2208.31% | 455.15% |
| Research & Development | 205.33K | 563.39K | 301.1K | 304.83K | 369.6K | 2.29M | 0 | 1.05M | 381K | 1.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | 6.2% | 11.88% | 6.01% | 7.43% | 16.5% | 78.21% | - | 54.43% | 74.32% | 198.88% | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -276.24K | 0 | -1.99K | -1.65K | -16.74K | -5.83K | 15.64K | -7.95K | -1000K | -2.27K | 316 | -458 | 7.33K | -16.8K | 352 | -1.34K | -76.53K | -11.18K | 3.8K |
| Operating Income | -5.75M | -5.85M | -4.79M | -3.62M | -4.26M | -4.01M | -3.91M | -3.91M | -3.64M | -3.55M | -3.92M | -3.74M | -3.53M | -3.72M | -2.94M | -3.31M | -2.8M | -3.72M | -2.04M | -802.56K |
| Operating Margin % | -173.46% | -123.44% | -95.59% | -88.13% | -190.01% | -136.97% | -125.07% | -203.52% | -709.95% | -422.75% | -854.89% | -1870.75% | -11057% | -9535.66% | -16037.21% | -29263.08% | -5855.06% | -22593.96% | -2183.93% | -430.93% |
| Operating Income Growth % | -35.01% | -45.98% | -22.73% | 7.5% | -16.95% | -13.02% | 0.36% | -4.6% | -3.1% | 4.74% | -33.19% | -13.01% | -26.17% | -0.2% | -44.26% | -312.21% | -179.27% | -938.68% | -450.43% | -502.17% |
| EBITDA | -5.74M | -5.38M | -4.79M | -3.17M | -3.81M | -3.28M | -3.5M | -3.68M | -3.26M | -3.46M | -3.36M | -3.47M | -3.33M | -3.3M | -2.56M | -3.21M | -2.74M | -3.68M | -1.96M | -772.38K |
| EBITDA Margin % | -173.39% | -113.43% | -95.53% | -77.31% | -170.15% | -111.92% | -112.14% | -191.41% | -635.21% | -412.01% | -733.1% | -1737.54% | -10446.28% | -8436.56% | -13961.69% | -28383.84% | -5744.48% | -22352.92% | -2102.54% | -414.73% |
| EBITDA Growth % | -50.71% | -64.17% | -36.8% | 13.71% | -17.04% | 5.24% | -4.17% | -5.92% | 2.36% | -4.94% | -31.19% | -8.22% | -21.5% | 10.39% | -30.45% | -315.44% | -176.16% | -931.58% | -439.84% | -509.93% |
| D&A (Non-Cash Add-back) | 0 | 474.79K | 0 | 443.9K | 444.97K | 733.42K | 403.89K | 232.82K | 383.15K | 90.19K | 558.35K | 266.23K | 194.97K | 0 | 380.86K | 99.4K | 52.84K | 39.66K | 76.02K | 30.17K |
| EBIT | -5.74M | -5.83M | -4.79M | -3.61M | -4.27M | -4.06M | -3.91M | -3.88M | -3.59M | -3.51M | -3.84M | -3.61M | -3.36M | -3.3M | -2.77M | -3.19M | -2.79M | -3.86M | -2.04M | -793.56K |
| Net Interest Income | 92.38K | -152.69K | -135.91K | -116.85K | -187.3K | -204.19K | -229.7K | -134.16K | -120.54K | -147.63K | -74.85K | -109.11K | -45.27K | -52.85K | -43.38K | -160.35K | -19.83K | -17.91K | -24.32K | -18.1K |
| Interest Income | 0 | 0 | 2.98K | 11.3K | 8.13K | 34.44K | 0 | 0 | 3.05K | 1.75K | 38.99K | 78.78K | 119.83K | 118.4K | 68.96K | 19.67K | 5.27K | 1.9K | 1.8K | 0 |
| Interest Expense | -92.38K | 152.69K | 138.89K | 128.16K | 195.44K | 238.63K | 229.7K | 134.16K | 123.6K | 149.38K | 113.84K | 187.89K | 165.1K | 171.25K | 112.34K | 180.01K | 25.09K | 19.81K | 26.11K | 18.1K |
| Other Income/Expense | -82.11K | -374.09K | -135.91K | -116.85K | -204.16K | -290.41K | -229.7K | -102.65K | -75.19K | -110.45K | -29.79K | -58.74K | 6.68K | 258.09K | 65.17K | -64.13K | -19.83K | -80.24K | -24.32K | -9.1K |
| Pretax Income | -5.83M | -6.23M | -4.93M | -3.73M | -4.46M | -4.3M | -4.13M | -4.01M | -3.71M | -3.66M | -3.95M | -3.8M | -3.52M | -3.47M | -2.88M | -3.37M | -2.82M | -3.8M | -2.06M | -811.66K |
| Pretax Margin % | -175.94% | -131.33% | -98.3% | -90.97% | -199.13% | -146.89% | -132.43% | -208.86% | -724.62% | -435.91% | -861.38% | -1900.14% | -11036.08% | -8874.96% | -15682.07% | -29830.33% | -5896.55% | -23081.66% | -2209.96% | -435.82% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -5.83M | -6.23M | -4.93M | -3.73M | -4.46M | -4.3M | -4.13M | -4.01M | -3.71M | -3.66M | -3.95M | -3.8M | -3.52M | -3.47M | -2.88M | -3.37M | -2.82M | -3.8M | -2.06M | -811.66K |
| Net Margin % | -175.94% | -131.33% | -98.3% | -90.97% | -199.13% | -146.89% | -132.43% | -208.86% | -724.62% | -435.91% | -861.38% | -1900.14% | -11036.08% | -8874.96% | -15682.07% | -29830.33% | -5896.55% | -23081.66% | -2209.96% | -435.82% |
| Net Income Growth % | -30.67% | -44.83% | -19.2% | 6.95% | -20.08% | -17.54% | -4.7% | -5.69% | -5.43% | -5.54% | -37.24% | -12.61% | -25.04% | 8.71% | -39.4% | -315.48% | -130.29% | -1494.44% | -241.21% | -322.33% |
| Net Income (Continuing) | -5.83M | -6.23M | -4.93M | -3.73M | -4.46M | -4.3M | -4.13M | -4.01M | -3.71M | -3.66M | -3.95M | -3.8M | -3.52M | -3.47M | -2.88M | -3.37M | -2.82M | -3.8M | -2.06M | -811.66K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.54 | -0.71 | -0.63 | -0.48 | -0.57 | -0.63 | -0.61 | -0.40 | -0.37 | -0.37 | -0.40 | -0.38 | -0.35 | -0.35 | -0.29 | -0.31 | -0.26 | -0.33 | -0.15 | -0.08 |
| EPS Growth % | 5.26% | -12.7% | -3.28% | -20% | -54.05% | -70.27% | -52.5% | -5.26% | -5.71% | -5.71% | -37.93% | -22.58% | -34.62% | -6.06% | -93.33% | -275.3% | -8.33% | -614.29% | 28.57% | -6.03% |
| EPS (Basic) | -0.54 | -0.71 | -0.75 | -0.71 | -1.05 | -1.19 | -1.40 | -0.56 | -0.51 | -0.51 | -0.55 | -0.53 | -0.49 | -0.48 | -0.40 | -0.47 | -0.39 | -0.33 | -0.15 | -0.08 |
| Diluted Shares Outstanding | 10.78M | 8.77M | 7.78M | 7.78M | 7.78M | 6.79M | 6.79M | 9.98M | 9.98M | 9.98M | 9.98M | 9.98M | 9.98M | 9.98M | 9.98M | 10.74M | 10.74M | 11.5M | 13.98M | 9.83M |
| Basic Shares Outstanding | 10.78M | 8.77M | 6.56M | 5.29M | 4.26M | 3.6M | 2.94M | 7.22M | 7.22M | 7.22M | 7.22M | 7.22M | 7.22M | 7.22M | 7.22M | 7.22M | 7.22M | 11.5M | 13.98M | 9.83M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |