Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $361K | $409K | $482K | $1.93M | $346K | $304K | $117K | $1.53M | $8.48M | $16.1M |
| Revenue growth | — | 13.2% | 17.8% | 300.1% | -82.0% | -12.2% | -61.6% | 1213.0% | 454.7% | 89.8% |
| Gross profit | $27.1K | $177K | $96.6K | $239K | $47.1K | -$47.0K | $59.5K | $241K | $906K | $4.47M |
| Gross margin | 7.5% | 43.3% | 20.1% | 12.4% | 13.6% | -15.5% | 51.1% | 15.7% | 10.7% | 27.8% |
| Operating income | -$362K | -$1.78M | -$1.21M | -$538K | -$986K | -$7.56M | -$12.8M | -$14.7M | -$15.5M | -$18.8M |
| Operating margin | -100.3% | -435.6% | -251.5% | -27.9% | -284.9% | -2489.5% | -10964.4% | -963.4% | -182.3% | -116.8% |
| Net income | -$1.14M | -$3.40M | -$1.76M | -$359K | -$1.19M | $7.90M | $12.5M | $14.9M | -$16.2M | -$19.4M |
| Net margin | -314.6% | -832.7% | -366.1% | -18.6% | -343.1% | 2599.9% | 10759.0% | 976.0% | -190.5% | -120.2% |
| EPS (diluted) | -$0.02 | -$0.17 | -$0.08 | -$0.01 | -$0.43 | -$0.69 | -$0.73 | -$8.44 | -$5.84 | -$3.16 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$237K | -$195K | -$379K | -$2.16K | -$695K | -$4.21M | -$7.98M | -$11.9M | -$10.1M | -$17.3M |
| Capital expenditures | $551.00 | $4.87K | $1.87K | $98.4K | $7.96K | $1.10M | $11.0M | $3.69M | $528K | $789K |
| Free cash flow | -$238K | -$200K | -$381K | -$101K | -$703K | -$5.31M | -$19.0M | -$15.6M | -$10.7M | -$18.1M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | $67.0K | $25.3K | $12.0K | $1.11M | $28.6M | $14.6M | $3.37M | $4.88M | $5.95M |
| Total assets | $337K | $905K | $557K | $481K | $1.90M | $36.3M | $32.8M | $26.0M | $25.7M | $30.7M |
| Total liabilities | $1.34M | $534K | $781K | $1.36M | $1.73M | $2.11M | $8.65M | $7.78M | $8.32M | $7.84M |
| Long-term debt | — | — | — | — | — | — | — | $5.30M | $5.26M | $2.68M |
| Shareholders' equity | -$1.00M | $372K | -$224K | -$883K | $169K | $34.2M | $24.1M | $18.2M | $17.4M | $22.9M |
| Retained earnings | -$5.19M | -$8.59M | -$10.4M | -$11.7M | -$12.9M | -$20.8M | -$33.4M | -$48.3M | -$64.5M | -$83.9M |
| Shares (wtd avg diluted) | 68.1M | 20.4M | 24.6M | 41.9M | 3.82M | 11.5M | 17.1M | 1.77M | 2.77M | 6.14M |
Every figure is extracted from Worksport Ltd’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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