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Worksport cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$3.5M in Q2 2026 · −$22.7M over twelve months

Operating cash flow−$3.4M
Capital spending−$69K
Free cash flow−$3.5M
Cash conversion cycle247 days

Analysis

In Q2 2026, Worksport generated −$3.4M of operating cash flow and spent $69K on capital projects, leaving free cash flow of −$3.5M. That is $347K less than in Q2 2025 (−$3.2M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$22.1M; the largest uses were operating cash flow ($22.1M), capital spending ($692K), other investing ($43K); besides operations, cash came from other financing ($16.3M), net borrowing (+) / repaid (−) ($3.1M); the cash balance fell by $233K.

Operating cash flow was −$3.4M against net income of −$4.0M. The largest differences: inventory +$4.6M, payables +$2.8M, receivables +$480K.

Its cash conversion cycle was 247 days (receivables 13 + inventory 301 − payables 67).

Free cash flow

Worksport: free cash flow by quarterWorksport: free cash flow by quarter−$3.7MQ2 2024−$1.7MQ3 2024−$2.2MQ4 2024−$4.0MQ1 2025−$3.2MQ2 2025−$4.6MQ3 2025−$8.3MQ1 2026−$3.5MQ2 2026
Operating cash flow less capital spending.
Worksport: operating cash flow against capital spendingWorksport: operating cash flow against capital spendingOperating cash flowCapital spending−$3.6M$123KQ2 2024−$1.5M$165KQ3 2024−$2.2M$27KQ4 2024−$3.8M$201KQ1 2025−$3.1M$68KQ2 2025−$4.3M$364KQ3 2025−$8.2M$104KQ1 2026−$3.4M$69KQ2 2026
Latest (Q2 2026): Operating cash flow −$3.4M, Capital spending $69K.

Capital allocation, year by year

Worksport: where the cash came from (up) and went (down), by fiscal yearWorksport: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingFY2021: Operating cash flow −$4.2MFY2021: Net borrowing $12KFY2021: Shares issued $24.4MFY2021: Capital spending −$1.1M$24.4MFY2021FY2022: Operating cash flow −$8.0MFY2022: Net borrowing $11KFY2022: Capital spending −$11.0M$11KFY2022FY2023: Operating cash flow −$11.9MFY2023: Net borrowing −$44KFY2023: Shares issued $2.6MFY2023: Capital spending −$3.7M$2.6MFY2023FY2024: Operating cash flow −$10.1MFY2024: Net borrowing $11.8MFY2024: Shares issued $380KFY2024: Capital spending −$528K$12.2MFY2024FY2025: Operating cash flow −$17.3MFY2025: Net borrowing −$2.4MFY2025: Shares issued $3.1MFY2025: Capital spending −$789K$3.1MFY2025
Over these 5 years operating cash flow totalled −$51.6M; the largest uses were operating cash flow ($51.6M) and capital spending ($17.2M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$5.9M
Debt$2.7M
Net cash$3.3M
Due within a year$1.7M
Cash runway3 months

Worksport is burning cash: its operations consume cash, a free cash flow of −$22.7M a year at the current rate against $5.9M of cash and investments: a runway of about 3 months; $1.7M of debt also comes due within a year, which would need refinancing or new money before any new financing.

Where the cash came from and went

Worksport: sources (+) and uses (−) of cash, Q2 2026Worksport: sources (+) and uses (−) of cash, Q2 2026Operating cash flow−$3.4MOther financing$2.3MNet borrowing (+) / repaid (−)$1.8MCash drawn (+) / kept (−)−$594KCapital spending−$69KOther investing−$26K
Worksport: sources (+) and uses (−) of cash, TTM to Q2 2026Worksport: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow−$22.1MOther financing$16.3MNet borrowing (+) / repaid (−)$3.1MShares issued$3.1MCapital spending−$692KCash drawn (+) / kept (−)$233KOther investing−$43K

From profit to cash

Worksport: net income to operating cash flow, Q2 2026Worksport: net income to operating cash flow, Q2 2026Net income−$4.0MDepreciation & amortization$420KReceivables$480KInventory$4.6MPayables$2.8MPrepaid and other assets−$250KOperating cash flow−$3.4M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 20261330167247
Q1 202613387109292
Q3 2025717064113
Q2 2025417556122
Q1 2025226680188
Q3 20241620067149
Q2 202418324112230

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$3.4M−$69K$1.8M—−$594K−$3.5M
Q1 2026−$8.2M−$104K$778K$2.2M$5.4M−$8.3M
Q3 2025−$4.3M−$364K$5.4M$2.1M−$2.4M−$4.6M
Q2 2025−$3.1M−$68K−$606K—$3.7M−$3.2M
Q1 2025−$3.8M−$201K−$2.1M$179K−$197K−$4.0M
Q4 2024−$2.2M−$27K−$297K−$1.2M−$3.0M−$2.2M
Q3 2024−$1.5M−$165K——$1.6M−$1.7M
Q2 2024−$3.6M−$123K——$111K−$3.7M

Worksport: income statement and cash flow

Worksport, Q2 2026: revenue $5.2M (+27% year over year), operating margin -73.0%. The chart follows the revenue to costs, profit and cash.

Worksport: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.