Worksport Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	5.95	4.88	3.37	14.62	28.57
Short-Term Investments	0.2	0.09	1.49	0.7	0.38
Cash & Short-Term Investments	6.15	4.97	4.86	15.32	28.95
Cash Growth	23.64%	2.38%	-68.29%	-47.08%	2479.61%
Accounts Receivable	0.5	0.04	0.46	0.06	0.06
Other Receivables	0.28	0.17	0.17	0.27	0.18
Receivables	0.78	0.21	0.63	0.33	0.25
Inventory	9.53	5.19	3.63	1.35	0.5
Prepaid Expenses	0.33	0.1	0.01	1.33	4.33
Total Current Assets	16.79	10.48	9.12	18.33	34.03
Property, Plant & Equipment	12.96	14.24	15.4	12.53	1.64
Long-Term Investments	0.07	0.07	0.09	-	-
Other Intangible Assets	0.9	0.95	1.34	1.27	0.59
Other Long-Term Assets	-	-	-	0.63	0.02
Total Assets	30.71	25.74	25.95	32.76	36.29
Accounts Payable	3.11	1.53	1.26	2.03	1.03
Accrued Expenses	1.82	1.18	0.28	-	0.22
Short-Term Debt	-	-	0	0.05	0.33
Current Portion of Long-Term Debt	1.69	0.22	5.3	-	-
Current Portion of Leases	0.11	0.25	0.33	0.39	0.21
Total Current Liabilities	6.73	3.17	7.17	2.46	1.8
Long-Term Debt	0.95	4.78	-	5.3	-
Long-Term Leases	0.16	0.37	0.61	0.88	0.32
Total Liabilities	7.84	8.32	7.78	8.65	2.11
Common Stock	0.01	0	0	0	0
Additional Paid-In Capital	101.36	79.78	64.69	56.92	54.61
Retained Earnings	-83.87	-64.48	-48.31	-33.38	-20.85
Comprehensive Income & Other	5.38	2.1	1.8	0.58	0.42
Total Common Equity	22.88	17.41	18.18	24.12	34.18
Shareholders' Equity	22.88	17.41	18.18	24.12	34.18
Total Liabilities & Equity	30.71	25.74	25.95	32.76	36.29
Total Debt	2.91	5.62	6.24	6.62	0.86
Net Cash (Debt)	3.24	-0.65	-1.38	8.7	28.09
Net Cash Growth	-	-	-	-69.02%	6760.26%
Net Cash Per Share	0.53	-0.23	-0.78	5.10	24.42
Filing Date Shares Outstanding	11.89	4.8	2.41	1.72	1.7
Total Common Shares Outstanding	9.81	4.02	2.03	1.72	1.7
Working Capital	10.06	7.3	1.96	15.87	32.24
Book Value Per Share	2.33	4.34	8.95	14.06	20.16
Tangible Book Value	21.98	16.46	16.84	22.85	33.59
Tangible Book Value Per Share	2.24	4.10	8.29	13.32	19.81
Land	2.24	2.24	2.24	2.24	-
Buildings	6.08	6.08	6.08	6.08	-
Machinery	8.22	7.49	6.97	2.86	0.83
Leasehold Improvements	0.49	0.86	0.86	0.68	0.37

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q