Filing Flows › Worksport (WKSP) › Q2 2025
Worksport (WKSP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Worksport (WKSP) reported revenue of $4.1M for the second quarter 2025 (Q2 2025), +114% from a year earlier and +83% from the quarter before. Operating margin was -88.1%, net loss $3.7M (91.0% of revenue).
Worksport, Q2 2025: revenue $4.1M (+114% year over year), operating margin -88.1%, net loss $3.7M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1M | +83% | +114% |
| Operating profit | −$3.6M | — | — |
| Net earnings | −$3.7M | — | — |
| Operating cash flow | −$3.1M | — | — |
What changed
Revenue was $4.1M in Q2 2025, up 114% year over year and up 83% from the previous quarter. Hard Tonneau Covers was the largest line at 97% of revenue. Hard Tonneau Covers added $3.0M year over year (up 315%), 138% of the total change. Soft Tonneau Covers declined 87%.
Gross margin was 26.4%, up 10.9 points from a year earlier. Operating costs exceeded revenue by $3.6M, an operating margin of -88.1%. Operating expenses grew 12% against revenue growth of 114%. The quarter ended with a net loss of $3.7M, narrower than the previous quarter's $4.5M loss.
Operating cash flow was −$3.1M. Non-cash charges added back $444K of depreciation and amortization and $757K of share-based compensation. Working capital and other items used $562K. Capital expenditures of $68K exceeded it, leaving free cash flow of −$3.2M.
Questions
What was Worksport's revenue in the second quarter 2025?
Worksport (WKSP) reported revenue of $4.1M for the second quarter 2025 (Q2 2025), +114% from a year earlier and +83% from the quarter before.
Was Worksport profitable in the second quarter 2025?
Operating loss was $3.6M (-88.1% of revenue) and net loss $3.7M.
Source: Worksport 10-Q on SEC EDGAR.