Worksport Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	0.57	5.95	4.88	3.37	14.62	28.57
Cash & Short-Term Investments	0.57	5.95	4.88	3.37	14.62	28.57
Cash Growth	-88.85%	21.77%	45.08%	-76.98%	-48.82%	2478.72%
Accounts Receivable	0.48	0.5	0.04	0.46	0.06	0.06
Other Receivables	0.29	0.28	0.17	0.17	0.27	0.18
Total Trade Receivables	0.77	0.78	0.21	0.63	0.33	0.25
Inventory	11.62	9.53	5.19	3.63	1.35	0.5
Other Current Assets	0.51	0.53	0.19	1.5	2.03	4.72
Total Current Assets	13.47	16.79	10.48	9.12	18.33	34.03
Net Property, Plant & Equipment	13.59	12.96	14.24	15.4	13.14	1.64
Other Intangible Assets	0.76	0.9	0.95	1.34	1.27	0.59
Long-Term Investments	0.07	0.07	0.07	0.09	0.02	0.02
Total Assets	27.88	30.71	25.74	25.95	32.76	36.29
Accounts Payable	2.84	3.11	1.53	1.26	2.03	1.14
Accrued Expenses	1.4	1.82	1.18	0.28	-	0.11
Short-Term Debt	-	-	-	-	-	0.03
Current Portion of Long-Term Debt	2.53	1.69	0.22	5.3	-	0.26
Current Portion of Leases	0.12	0.11	0.25	0.33	0.39	0.21
Other Current Liabilities	-	-	-	0	0.05	0.04
Total Current Liabilities	6.89	6.73	3.17	7.17	2.46	1.8
Long-Term Debt	0.88	0.95	4.78	-	5.3	-
Long-Term Leases	0.13	0.16	0.37	0.61	0.88	0.32
Total Long-Term Liabilities	1.01	1.11	5.15	0.61	6.18	0.32
Total Liabilities	7.9	7.84	8.32	7.78	8.65	2.11
Preferred Stock	0	0	-	-	-	-
Common Stock	0.01	0.01	0	0	0	0
Additional Paid-in Capital	109.7	106.75	81.9	66.5	57.51	55.04
Accumulated Other Comprehensive Income	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01
Retained Earnings	-89.73	-83.87	-64.48	-48.31	-33.38	-20.85
Shareholders' Equity	19.98	22.88	17.41	18.18	24.12	34.18
Total Liabilities & Equity	27.88	30.71	25.74	25.95	32.76	36.29
Total Debt	3.66	2.91	5.62	6.24	6.57	0.82
Net Cash (Debt)	-3.09	3.04	-0.74	-2.87	8.05	27.75
Net Cash Growth	-	-	-	-	-70.99%	6531.23%
Net Cash Per Share	-0.40	0.49	-0.27	-1.62	4.71	24.24
Book Value	19.98	22.88	17.41	18.18	24.12	34.18
Book Value Per Share	2.57	3.72	6.29	10.28	14.12	29.86
Tangible Book Value	19.22	21.98	16.46	16.84	22.85	33.59
Tangible Book Value Per Share	2.47	3.58	5.95	9.52	13.38	29.35

SEC Filings: 10-K · 10-Q