Worksport FY 2025 rev $16.1M (+90% YoY); guides 2026 rev $35M-$42M, targets cash flow positive H2 2026

Worksport Ltd

Net sales $16.1M (89.8% YoY increase); gross margin expanded to 28% from 11%.
Net loss $19.4M ($3.16 per share) vs $16.2M loss ($5.84 per share) in 2024.
FY 2026 revenue guidance $35M-$42M; gross margin target 35%; dealer network targeted at 1,500 locations.
Expects initial operational cash-flow positivity in second half of 2026.
New-generation hard tonneau cover with patented capabilities to launch early Q2 2026.

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