# Worksport Ltd (WKSP) · Edgar & Edgarette company card

> Worksport (WKSP) grew revenue 89.8% in FY2025 to $16 million, operating margin -117% against a 6.9% median for motor vehicle parts & accessories, equity 74.5% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1096275 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/WKSP) · [JSON](https://www.pops4.com/boards/company/WKSP.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $16M |
| Revenue growth, 1 year | 89.8% |
| Revenue growth per year | 169.8% |
| Operating margin | -116.8% (prior year -182.3%) |
| Net margin | -120.2% |
| Operating cash flow | −$17M |
| Capital spending | $789,460 |
| Free cash flow | −$18M |
| Cash | $6M |
| Long-term debt | $3M |
| Total assets | $31M |
| Total equity | $23M |
| Equity ÷ assets | 74.5% |
| Return on equity | -84.6% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -7.81 (distress zone)
- Piotroski F: 4 of 9 (middling)
- Beneish M: 2.41 (above the −1.78 line)
- Health Harbor boat: Old boat · three warning signs · operating cash flow was negative; operating loss: a margin of -116.8% in FY2025; revenue is hard to predict: its 80% range is ±80%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $16.1M (FY2025), total debt $2.7M. Experience: revenue up 89.8% on the year, up 169.8% a year over 4 years; operating margin -116.8%, up from -182.3%. Soundness: equity 74.5% of assets, return on equity -84.6%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $19.0M and $167.0M next year (method v4.1: its own 3-year record of growth weighed at 40% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $16.4M to $194.9M. A statistical range, not company guidance. Against peers (24 filers, $50M+ revenue, motor vehicle parts & accessories): operating margin -116.8% against a 6.9% median; growth 89.8% against 2.7%.

Range logged 2026-09-29, receipt d1bf2197068ad03b, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 1, latest 2026-08-14 ([filing](https://www.sec.gov/Archives/edgar/data/1096275/000149315226038479/0001493152-26-038479-index.htm))
- Item 5.02 Director or officer change: 1, latest 2026-05-01 ([filing](https://www.sec.gov/Archives/edgar/data/1096275/000149315226020912/0001493152-26-020912-index.htm))

## Recent filings

- 8-K · filed 2026-11-04 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1096275/000149315226049876/0001493152-26-049876-index.htm)
- 8-K · filed 2026-11-03 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1096275/000149315226049703/0001493152-26-049703-index.htm)
- 8-K · filed 2026-10-06 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1096275/000149315226045870/0001493152-26-045870-index.htm)
- 8-K · filed 2026-09-04 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1096275/000149315226041578/0001493152-26-041578-index.htm)
- 8-K · filed 2026-08-27 · 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1096275/000149315226040401/0001493152-26-040401-index.htm)
- 8-K · filed 2026-08-26 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1096275/000149315226040186/0001493152-26-040186-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001096275.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1096275

## Cite

POPS4, Edgar & Edgarette: Worksport Ltd (WKSP) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/WKSP. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.