Worksport Ltd. (WKSP)

Worksport Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	1.16	5.95	4.88	3.37	14.62	28.57
Short-Term Investments	0.12	0.2	0.09	1.49	0.7	0.38
Cash & Short-Term Investments	1.28	6.15	4.97	4.86	15.32	28.95
Cash Growth	-16.95%	23.64%	2.38%	-68.29%	-47.08%	2479.61%
Accounts Receivable	1.01	0.5	0.04	0.46	0.06	0.06
Other Receivables	0.31	0.28	0.17	0.17	0.27	0.18
Receivables	1.32	0.78	0.21	0.63	0.33	0.25
Inventory	12.07	9.53	5.19	3.63	1.35	0.5
Prepaid Expenses	0.22	0.33	0.1	0.01	1.33	4.33
Total Current Assets	14.89	16.79	10.48	9.12	18.33	34.03
Property, Plant & Equipment	12.16	12.96	14.24	15.4	12.53	1.64
Long-Term Investments	-	0.07	0.07	0.09	-	-
Other Intangible Assets	0.67	0.9	0.95	1.34	1.27	0.59
Other Long-Term Assets	0.37	-	-	-	0.63	0.02
Total Assets	28.09	30.71	25.74	25.95	32.76	36.29

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	2.43	3.11	1.53	1.26	2.03	1.03
Accrued Expenses	1.11	1.82	1.18	0.28	-	0.22
Short-Term Debt	-	-	-	0	0.05	0.33
Current Portion of Long-Term Debt	0.28	1.69	0.22	5.3	-	-
Current Portion of Leases	0.11	0.11	0.25	0.33	0.39	0.21
Total Current Liabilities	3.93	6.73	3.17	7.17	2.46	1.8
Long-Term Debt	4.98	0.95	4.78	-	5.3	-
Long-Term Leases	0.11	0.16	0.37	0.61	0.88	0.32
Total Liabilities	9.01	7.84	8.32	7.78	8.65	2.11

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.02	0.01	0	0	0	0
Additional Paid-In Capital	110.65	101.36	79.78	64.69	56.92	54.61
Retained Earnings	-93.72	-83.87	-64.48	-48.31	-33.38	-20.85
Comprehensive Income & Other	2.13	5.38	2.1	1.8	0.58	0.42
Total Common Equity	19.08	22.88	17.41	18.18	24.12	34.18
Shareholders' Equity	19.08	22.88	17.41	18.18	24.12	34.18
Total Liabilities & Equity	28.09	30.71	25.74	25.95	32.76	36.29

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	5.47	2.91	5.62	6.24	6.62	0.86
Net Cash (Debt)	-4.19	3.24	-0.65	-1.38	8.7	28.09
Net Cash Growth	-	-	-	-	-69.02%	6760.26%
Net Cash Per Share	-0.45	0.53	-0.23	-0.78	5.10	24.42
Filing Date Shares Outstanding	15.3	11.89	4.8	2.41	1.72	1.7
Total Common Shares Outstanding	15.28	9.81	4.02	2.03	1.72	1.7
Working Capital	10.96	10.06	7.3	1.96	15.87	32.24
Book Value Per Share	1.25	2.33	4.34	8.95	14.06	20.16
Tangible Book Value	18.41	21.98	16.46	16.84	22.85	33.59
Tangible Book Value Per Share	1.20	2.24	4.10	8.29	13.32	19.81
Land	2.24	2.24	2.24	2.24	2.24	-
Buildings	6.08	6.08	6.08	6.08	6.08	-
Machinery	8.12	8.22	7.49	6.97	2.86	0.83
Leasehold Improvements	0.5	0.49	0.86	0.86	0.68	0.37

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: May 13, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 22, 2026

Data Sources Report a data error