Financials in USD. Standardized financial statements.
A compact view of how Worksport Ltd. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $16.10M | $8.48M | $1.53M | $116,502 | $303,750 | $346,144 | $1.93M | $481,521 | $408,701 | $361,123 |
| Revenue Growth? | +89.8% | +454.7% | +1213.0% | -61.6% | -12.2% | -82.0% | +300.1% | +17.8% | +13.2% | 0.0% |
| Cost of Revenue? | $11.63M | $7.58M | $1.29M | $56,967 | $350,702 | $298,996 | $1.69M | $384,908 | $231,771 | $334,060 |
| Gross Profit? | $4.47M | $905,650 | $240,514 | $59,535 | -$46,952 | $47,148 | $238,547 | $96,613 | $176,930 | $27,063 |
| Gross Margin? | +27.8% | +10.7% | +15.7% | +51.1% | -15.5% | +13.6% | +12.4% | +20.1% | +43.3% | +7.5% |
| Operating Expenses? | $23.00M | $16.37M | $14.98M | $12.83M | $7.51M | $1.03M | $776,399 | $1.31M | $1.95M | $389,283 |
| Operating Income? | -$18.52M | -$15.47M | -$14.74M | -$12.77M | -$7.56M | -$986,239 | -$537,851 | -$1.21M | -$1.78M | -$362,220 |
| EBITDA? | -$16.69M | -$13.68M | -$13.20M | -$11.56M | -$7.54M | -$774,409 | -$275,635 | -$1.71M | -$3.39M | -$1.01M |
| Income Before Tax | -$19.35M | -$16.16M | -$14.93M | -$12.53M | -$7.90M | -$1.19M | -$359,033 | -$1.76M | -$3.40M | -$1.14M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income? | -$19.35M | -$16.16M | -$14.93M | -$12.53M | -$7.90M | -$1.19M | -$359,034 | -$1.76M | -$3.40M | -$1.14M |
| EPS? | $-3.15 | $-5.84 | $-2.07 | $-1.74 | $-0.69 | $-0.43 | $-0.19 | $-1.58 | $-3.34 | $-2.03 |
| Diluted EPS? | $-2.49 | $-2.38 | $-1.50 | $-1.26 | $-0.69 | $-0.43 | $-0.19 | $-1.58 | $-3.33 | $-2.03 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality