On March 26, 2026, Worksport Ltd. (NASDAQ: WKSP) announced its financial results for the fiscal year ending December 31, 2025, showcasing a remarkable 90% year-over-year increase in revenue, reaching $16.1 million compared to $8.5 million in 2024. The company also reported significant margin expansion, with gross margins improving to 28% from 11% in the previous year. This growth was driven by a sixfold expansion of its partnered dealer network, now exceeding 550 locations across the U.S. and Canada, and a 142% increase in online sales, which accounted for 74% of total revenue. Worksport has set ambitious revenue guidance for 2026, projecting between $35 million and $42 million, alongside a target gross margin of 35%. The company aims to achieve initial operational cash-flow positivity in the second half of 2026, bolstered by the successful launch of new products, including the SOLIS solar-integrated cover and the COR portable energy storage system. CEO Steven Rossi emphasized the company's transition from product development to commercialization, highlighting the operational efficiencies gained at their New York facility. With a total liquidity position of over $9.3 million, Worksport is well-positioned to capitalize on its growth trajectory and meet its strategic objectives.

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