Worksport Ltd. logo

Worksport Ltd.

WKSP

NASDAQConsumer CyclicalAuto - Parts

Previous close

$0.588

−$0.0219 · -3.59%

Aug 21, 4:00 PM ET

WKSP company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

67

Undervalued

Momentum

25

Weakening

Sentiment

72

Bullish

Risk resilience

37

High Risk

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Company profile

Company website

Worksport Ltd., headquartered in Vaughan, Canada, is engaged in the design, manufacturing, and distribution of truck bed covers, commonly known as tonneau covers, across both Canada and the United States. Its product portfolio encompasses a range of soft covers (SC) and durable tough covers (TC). Specific models include the SC3, a tri-fold cover engineered with a rubber gasket to create a secure seal, shielding cargo from moisture and debris. The SC3pro variant allows users to effortlessly open the cover using a release cable. For heavy-duty applications, the TC3 features a robust, thick aluminum tri-cover panel with a honeycomb core, coated in a resilient, scratch-resistant black powder finish. Furthermore, the company is actively developing TerraVis, an innovative solar-powered tonneau cover that will offer portable, rechargeable power capabilities to pickup truck owners. Worksport distributes its products through an established network of wholesalers and direct online retail channels, catering to both private label brands and original equipment manufacturers. The company maintains a collaboration agreement with Greatcell Energy Pty Ltd. Worksport Ltd. formally adopted its current name in May 2020, having previously operated as Franchise Holdings International, Inc.

Industry
Auto - Parts
Sector
Consumer Cyclical
Headquarters
US
CEO
Steven F. Rossi
Listed since
Jun 21, 2001
Employees
119

Market position

Day range

Current $0.588

52-week range

Current $0.588

Open
$0.62
Previous close
$0.6099
Volume
833.2K
0.14× average
Average volume
5.76M
Average daily volume
Market cap
8.99M USD
Beta
0.27
Market reference 1
50-day average
$0.749
-21.50% below average
200-day average
$1.4122
-58.36% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
10.05M USD
P/E (TTM)
-0.25×
P/B (TTM)
0.37×
P/S (TTM)
0.49×
EV / EBITDA
-0.59×
Earnings yield
-147.90%
Free cash flow yield
-138.36%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
30.06%
Operating margin
-110.45%
Net margin
-114.49%
Return on equity
-84.39%
Return on assets
-62.89%
Return on invested capital
-71.67%

Financial health

Debt / equity
0.29×
Current ratio
2.5×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends1153%-3254%-7660%-12066%Gross margin, FY2021: -15.46%Gross margin, FY2022: 51.10%Gross margin, FY2023: 15.72%Gross margin, FY2024: 10.67%Gross margin, FY2025: 27.79%Operating margin, FY2021: -2489.46%Operating margin, FY2022: -10964.37%Operating margin, FY2023: -963.41%Operating margin, FY2024: -182.29%Operating margin, FY2025: -115.03%Net margin, FY2021: -2599.86%Net margin, FY2022: -10758.97%Net margin, FY2023: -975.98%Net margin, FY2024: -190.51%Net margin, FY2025: -120.19%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -15.46%. Gross margin FY2022 51.10%. Gross margin FY2023 15.72%. Gross margin FY2024 10.67%. Gross margin FY2025 27.79%. Operating margin FY2021 -2489.46%. Operating margin FY2022 -10964.37%. Operating margin FY2023 -963.41%. Operating margin FY2024 -182.29%. Operating margin FY2025 -115.03%. Net margin FY2021 -2599.86%. Net margin FY2022 -10758.97%. Net margin FY2023 -975.98%. Net margin FY2024 -190.51%. Net margin FY2025 -120.19%.

Income trends

Revenue

16.1M USD+89.78%

Operating income

−18.52M USD-19.76%

Net income

−19.35M USD-19.73%
Income trends across reported periods19.65M USD5.47M USD−8.72M USD−22.9M USDRevenue, FY2021: 303.75K USDRevenue, FY2022: 116.5K USDRevenue, FY2023: 1.53M USDRevenue, FY2024: 8.48M USDRevenue, FY2025: 16.1M USDOperating income, FY2021: −7.56M USDOperating income, FY2022: −12.77M USDOperating income, FY2023: −14.74M USDOperating income, FY2024: −15.47M USDOperating income, FY2025: −18.52M USDNet income, FY2021: −7.9M USDNet income, FY2022: −12.53M USDNet income, FY2023: −14.93M USDNet income, FY2024: −16.16M USDNet income, FY2025: −19.35M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 303.75K USD. Revenue FY2022 116.5K USD. Revenue FY2023 1.53M USD. Revenue FY2024 8.48M USD. Revenue FY2025 16.1M USD. Operating income FY2021 −7.56M USD. Operating income FY2022 −12.77M USD. Operating income FY2023 −14.74M USD. Operating income FY2024 −15.47M USD. Operating income FY2025 −18.52M USD. Net income FY2021 −7.9M USD. Net income FY2022 −12.53M USD. Net income FY2023 −14.93M USD. Net income FY2024 −16.16M USD. Net income FY2025 −19.35M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue16.1M USD8.48M USD1.53M USD116.5K USD303.75K USD
Cost of goods sold11.63M USD7.58M USD1.29M USD56.97K USD350.7K USD
Gross profit4.47M USD905.65K USD240.51K USD59.54K USD−46.95K USD
Research and development1.54M USD2.29M USD1.67M USD
Selling, general, and administrative21.75M USD14.1M USD13.31M USD12.84M USD7.51M USD
Operating expenses23M USD16.37M USD14.98M USD12.83M USD7.51M USD
Interest income37.49K USD239.35K USD212.29K USD3.69K USD
Interest expense592.76K USD726.1K USD616.21K USD488.7K USD294.92K USD
Depreciation and amortization1.83M USD1.75M USD1.11M USD486.58K USD66.88K USD
Operating income−18.52M USD−15.47M USD−14.74M USD−12.77M USD−7.56M USD
Net income−19.35M USD−16.16M USD−14.93M USD−12.53M USD−7.9M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$2.00

240.14% upside
Past 12 months12-month forecastHigh $2.00Average $2.00Low $2.00

WKSP news

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