Worksport Q3 revenue record $5.0M (+62% YoY); gross margin expands to 31% from 7.9%

Worksport Ltd

2025-Q3 EPS reported -$2.44 vs consensus -$0.54 ▼ miss (-348.5%)

Revenue of $5.015M, up 62% YoY from $3.10M and 22% QoQ from $4.10M.
Gross margin of 31.0% vs 7.9% in Q3 2024, a 2,300 bps improvement; gross profit $1.60M.
Production of 8,600 units in Q3 2025, doubling from Q1 2025 and up from 6,000 in Q2.
Results precede commercial launches of SOLIS solar cover, COR energy system, and Terravis heat pumps.
Company expects to file Form 10-Q on November 13, 2025; no EPS or net income provided.

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