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Worksport (WKSP) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Worksport (WKSP) Q2 2026 earnings results →
Q2 2026 Revenue up 27% year over year to $5.2M · 76¢ of every $1 of revenue lost · operating margin -73.0%
Worksport made $5.2M in Q2 2026 (+27% Y/Y). Operating margin -73.0%, net loss $4.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $5.2M in Q2 2026, up 27% year over year and up 58% from the previous quarter.
Gross margin was 31.5%, up 5.2 points from Q2 2025. Operating costs exceeded revenue by $3.8M, an operating margin of -73.0%. Operating expenses grew 16% against revenue growth of 27%. The fastest-growing cost line was Other operating costs (+48%). The quarter ended with a net loss of $4.0M, narrower than the previous quarter's $5.8M loss.
Operating cash flow was −$3.4M. Non-cash charges added back $420K of depreciation and amortization. Capital expenditures of $69K exceeded it, leaving free cash flow of −$3.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 11, 2026 | $5.2M | +27% | -73.0% | −$4.0M | −$3.4M |
| Q1 2026 | 10-Q | May 13, 2026 | $3.3M | +48% | -173.4% | −$5.8M | −$8.2M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $5.0M | +61% | -95.6% | −$4.9M | −$4.3M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $4.1M | +114% | -88.1% | −$3.7M | −$3.1M |
| Q1 2025 | 10-Q | May 15, 2025 | $2.2M | +337% | -190.0% | −$4.5M | −$3.8M |
| Q4 2024 | 10-K | Mar 27, 2025 | $2.9M | +249% | -137.0% | −$4.3M | −$2.2M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Worksport
Worksport Ltd., through its subsidiaries, designs, develops, and manufactures innovative products for various markets including automotive accessories, consumer electronics, and both residential and commercial HVAC system markets. Worksport is able to monetize and protect its products through a large and growing intellectual property (“IP”) portfolio with patents, designs, and trademarks relating to, among other things, tonneau covers and components, solar integrated tonneau covers, portable power stations, NP (non-parasitic) hydrogen-based green energy systems, residential heating and cooling systems (heat pumps), and electric vehicle-charging stations.
In its own words, from its 10-K, filed Mar 26, 2026.
Worksport against its Motor Vehicle Parts & Accessories peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +27% against the peers' median +2%. Operating margin: -73.0% against the peers' median 4.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| WKSP Worksport | Q2 2026 | $5.2M | +27% | -73.0% |
| LEA Lear | Q3 2026 | $5.8B | +2% | 3.4% |
| ADNT Adient | Q4 FY26 | $3.7B | +1% | -0.1% |
| BWA Borgwarner | Q3 2026 | $3.5B | -3% | 8.7% |
| APTV Aptiv | Q3 2026 | $3.2B | +2% | 8.8% |
| DCH Dauch | Q3 2026 | $2.9B | +93% | 2.5% |
| ALV Autoliv | Q3 2026 | $2.7B | -0.5% | 9.4% |
| VGNT Versigent | Q3 2026 | $2.5B | +7% | 7.6% |
| DAN Dana | Q3 2026 | $2.0B | +6% | 4.5% |
Source: Worksport 10-Q on SEC EDGAR · CIK 1096275 · Motor Vehicle Parts & Accessories
13F: who owns WKSP and who is buying
More on WKSP
History
Every quarter: Q2 2026 results · Q1 2026 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results