📊 WKSP Key Takeaways
Is Worksport Ltd (WKSP) a Good Investment?
Worksport faces severe operational distress with flat revenue growth (-0.0% YoY) combined with catastrophic operating losses (-$18.8M) and unsustainable negative free cash flow (-$18.1M annually). With only $5.9M in cash against $18.1M annual burn, the company has approximately 4 months of runway and faces going-concern risk without immediate capital injection or dramatic operational restructuring.
Why Buy Worksport Ltd Stock? WKSP Key Strengths
- Gross margins of 27.8% demonstrate viable product-level economics and pricing power
- Low leverage (0.12x debt/equity) provides flexibility for potential restructuring or capital raise
- Positive stockholders equity of $22.9M indicates company is not technically insolvent
WKSP Stock Risks: Worksport Ltd Investment Risks
- Critical cash burn of -$18.1M annually exhausts $5.9M cash balance in <4 months without capital infusion
- Flat revenue growth combined with mounting losses indicates fundamental product-market or execution problems
- Operating margin of -116.8% reveals broken cost structure with operating expenses exceeding revenue by 118%
- Negative returns (ROE -84.6%, ROA -63.0%) signal ongoing shareholder value destruction
- Imminent going-concern risk if operational turnaround or financing does not materialize within 2-3 quarters
Key Metrics to Watch
- Monthly cash burn rate and remaining cash runway to insolvency
- Quarterly revenue growth and customer retention metrics
- Operating expense reduction progress and path to positive operating cash flow
Worksport Ltd (WKSP) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 2.50x current ratio provides a solid financial cushion.
WKSP Profit Margin, ROE & Profitability Analysis
WKSP vs Automotive Sector: How Worksport Ltd Compares
How Worksport Ltd compares to Automotive sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Worksport Ltd Stock Overvalued? WKSP Valuation Analysis 2026
Based on fundamental analysis, Worksport Ltd has mixed fundamental signals relative to the Automotive sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Worksport Ltd Balance Sheet: WKSP Debt, Cash & Liquidity
WKSP Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Worksport Ltd's revenue has grown significantly by 4,552% over the 5-year period, indicating strong business expansion. The most recent EPS of $-5.84 indicates the company is currently unprofitable.
WKSP Revenue Growth, EPS Growth & YoY Performance
WKSP Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $3.1M | -$4.1M | $-0.75 |
| Q2 2025 | $1.9M | -$3.7M | $-0.71 |
| Q1 2025 | $512.6K | -$3.7M | $-1.05 |
| Q3 2024 | $458.5K | -$3.9M | $-0.14 |
| Q2 2024 | $199.9K | -$3.8M | $-0.15 |
| Q1 2024 | $31.9K | -$3.5M | $-0.18 |
| Q3 2023 | $18.4K | -$2.9M | $-0.17 |
| Q2 2023 | $11.3K | -$3.4M | $-0.20 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Worksport Ltd Dividends, Buybacks & Capital Allocation
WKSP SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Worksport Ltd (CIK: 0001096275)
📋 Recent SEC Filings
❓ Frequently Asked Questions about WKSP
What is the AI rating for WKSP?
Worksport Ltd (WKSP) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are WKSP's key strengths?
Claude: Gross margins of 27.8% demonstrate viable product-level economics and pricing power. Low leverage (0.12x debt/equity) provides flexibility for potential restructuring or capital raise.
What are the risks of investing in WKSP?
Claude: Critical cash burn of -$18.1M annually exhausts $5.9M cash balance in <4 months without capital infusion. Flat revenue growth combined with mounting losses indicates fundamental product-market or execution problems.
What is WKSP's revenue and growth?
Worksport Ltd reported revenue of $16.1M.
Does WKSP pay dividends?
Worksport Ltd does not currently pay dividends.
Where can I find WKSP SEC filings?
Official SEC filings for Worksport Ltd (CIK: 0001096275) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is WKSP's EPS?
Worksport Ltd has a diluted EPS of $-3.16.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is WKSP a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Worksport Ltd has a STRONG SELL rating with 92% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is WKSP stock overvalued or undervalued?
Valuation metrics for WKSP: ROE of -84.6% (sector avg: 12%), net margin of -120.2% (sector avg: 6%). Compare these metrics with sector averages to assess valuation.
Should I buy WKSP stock in 2026?
Our dual AI analysis gives Worksport Ltd a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is WKSP's free cash flow?
Worksport Ltd's operating cash flow is $-17.3M, with capital expenditures of $789.5K. FCF margin is -112.4%.
How does WKSP compare to other Automotive stocks?
Vs Automotive sector averages: Net margin -120.2% (avg: 6%), ROE -84.6% (avg: 12%), current ratio 2.50 (avg: 1.2).