📊 WKSP Key Takeaways
Is Worksport Ltd (WKSP) a Good Investment?
Worksport is in acute financial distress with -$8.2M operating cash burn against only $3.3M revenue and $566.6K cash reserves, creating imminent liquidity crisis. Net losses of $5.8M on flat revenue indicate fundamental business model failure, while negative operating margins of -173.4% demonstrate the company is spending $1.73 for every dollar of revenue.
Why Buy Worksport Ltd Stock? WKSP Key Strengths
- Gross margin of 25.8% indicates underlying product profitability before operating expenses
- EPS improved 45.9% YoY suggesting loss trajectory is narrowing
- Moderate leverage at 0.17x debt-to-equity ratio limits additional financial distress from debt
WKSP Stock Risks: Worksport Ltd Investment Risks
- Critical cash burn of -$8.2M operating CF with only $566.6K cash creates bankruptcy risk within months
- Revenue stagnation at 0% YoY with no growth momentum in competitive auto parts sector
- Operating losses of $5.7M on $3.3M revenue represent structural business model failure
Key Metrics to Watch
- Cash balance and operating cash flow for solvency status
- Revenue growth acceleration to validate market demand and business viability
- Operating expense reduction and path to positive EBITDA
Worksport Ltd (WKSP) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Worksport Ltd presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
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 |
|---|---|---|---|
| Q1 2026 | $2.2M | -$4.5M | $-0.54 |
| 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 |
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 margin of 25.8% indicates underlying product profitability before operating expenses. EPS improved 45.9% YoY suggesting loss trajectory is narrowing.
What are the risks of investing in WKSP?
Claude: Critical cash burn of -$8.2M operating CF with only $566.6K cash creates bankruptcy risk within months. Revenue stagnation at 0% YoY with no growth momentum in competitive auto parts sector.
What is WKSP's revenue and growth?
Worksport Ltd reported revenue of $3.3M.
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 $-0.54.
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 May 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 -29.2% (sector avg: 12%), net margin of -175.9% (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 $-8.2M, with capital expenditures of $103.6K. FCF margin is -251.7%.
How does WKSP compare to other Automotive stocks?
Vs Automotive sector averages: Net margin -175.9% (avg: 6%), ROE -29.2% (avg: 12%), current ratio 1.95 (avg: 1.2).