Filing Flows › Worksport (WKSP) › Q3 2025
Worksport (WKSP) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Worksport (WKSP) reported revenue of $5.0M for the third quarter 2025 (Q3 2025), +61% from a year earlier and +22% from the quarter before. Operating margin was -95.6%, net loss $4.9M (98.3% of revenue).
Worksport, Q3 2025: revenue $5.0M (+61% year over year), operating margin -95.6%, net loss $4.9M, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.0M | +22% | +61% |
| Operating profit | −$4.8M | — | — |
| Net earnings | −$4.9M | — | — |
| Operating cash flow | −$4.3M | — | — |
What changed
Revenue was $5.0M in Q3 2025, up 61% year over year and up 22% from the previous quarter. Hard Tonneau Covers was the largest line at 97% of revenue. Hard Tonneau Covers added $3.2M year over year (up 184%), 167% of the total change. Soft Tonneau Covers declined 91%.
Gross margin was 31.3%, up 23.4 points from a year earlier. Operating costs exceeded revenue by $4.8M, an operating margin of -95.6%. Operating expenses grew 53% against revenue growth of 61%. The fastest-growing cost line was SG&A (+57%). The quarter ended with a net loss of $4.9M, wider than the previous quarter's $3.7M loss.
Operating cash flow was −$4.3M. Non-cash charges added back $471K of depreciation and amortization and $774K of share-based compensation. Working capital and other items used $571K. Capital expenditures of $364K exceeded it, leaving free cash flow of −$4.6M.
Questions
What was Worksport's revenue in the third quarter 2025?
Worksport (WKSP) reported revenue of $5.0M for the third quarter 2025 (Q3 2025), +61% from a year earlier and +22% from the quarter before.
Was Worksport profitable in the third quarter 2025?
Operating loss was $4.8M (-95.6% of revenue) and net loss $4.9M.
Source: Worksport 10-Q on SEC EDGAR.