Tiger Brokers

Worksport FY2025 net loss widens 19.7% to $(19.4 million); net sales rise 89.8% to $16.1 million

Reuters
Mar 27
Worksport FY2025 net loss widens 19.7% to $(19.4 million); net sales rise 89.8% to $16.1 million
  • Worksport published its annual report on Form 10-K for the fiscal year ended Dec. 31, 2025, reporting net sales of USD 16.1 million.
  • Gross profit rose to USD 4.5 million and gross margin improved to 28% from 11% (up 17 percentage points), which management attributed mainly to higher production volumes and improved overhead absorption that offset tariff-related input cost increases.
  • Net loss widened 19.7% to USD 19.4 million, while loss from operations increased 21.6% to USD 18.8 million.
  • Sales and marketing expense increased to USD 6.9 million, which the company linked primarily to online optimization, online marketing campaigns, and other branding initiatives.
  • Liquidity included USD 5.9 million in cash and cash equivalents and USD 3.4 million of remaining capacity on its revolving line of credit, and it said it received about USD 21.8 million of net proceeds from offerings during 2025.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Worksport Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-012945), on March 26, 2026, and is solely responsible for the information contained therein.

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