Worksport Ltd
WKSPNasdaqConsumer Discretionary · Motor Vehicle Parts & Accessories · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $16.1M | $8.5M | $1.5M | $116,502 | $303,750 | $346,144 |
| Operating income | −$18.8M | −$15.5M | −$14.7M | −$12.8M | −$7.6M | −$986,239 |
| Net income | −$19.4M | −$16.2M | −$14.9M | −$12.5M | −$7.9M | −$1.2M |
| Total assets | $30.7M | $25.7M | $26.0M | $32.8M | $36.3M | $1.9M |
| Total liabilities | $7.8M | $8.3M | $7.8M | $8.6M | $2.1M | $1.7M |
| Equity | $22.9M | $17.4M | $18.2M | $24.1M | $34.2M | $169,475 |
| EPS (diluted) | $-3.16 | $-5.84 | $-8.44 | $-0.73 | $-0.69 | — |
| Shares out. | 4.8M | 24.1M | 17.2M | 17.0M | 165.1M | 47.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −116.8%
- Net margin
- −120.2%
- Return on equity
- −84.6%
- Return on assets
- −63.0%
- Return on capital (ROCE)
- −78.4%
- Liabilities / assets
- 25.5%
- Debt / equity
- 0.34×
- Book value / share
- $4.77
- Revenue growth (YoY)
- 89.8%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -7.81distress
- Accruals / assets
- −6.6%clean
- Beneish M-Score
- -2.54normal
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 3 warning● 3 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 16, 2024
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2022
- NT 10-Qmissed a reporting deadline ↗May 16, 2022
- NT 10-Qmissed a reporting deadline ↗May 17, 2021
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2021
- NT 10-Qmissed a reporting deadline ↗Aug 17, 2020
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Armistice Capital, LlcPassive (13G)May 15, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Rossi Steven F.Officer — CEO and President | Apr 13, 2026 | Buy | 88,214 | $0.85 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 972,715 | 1.7 | +19.3% |
| Apr 30, 2026 | 815,250 | 2.5 | +41.6% |
| Apr 15, 2026 | 575,583 | 2.1 | -13.5% |
| Mar 31, 2026 | 665,333 | 1.4 | +20.8% |
| Mar 13, 2026 | 550,591 | 2.2 | +43.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Regulation FD disclosureMay 26, 2026
- Regulation FD disclosureMay 13, 2026
- Regulation FD disclosureMay 7, 2026
- Director / officer changeMay 1, 2026
- Regulation FD disclosureApr 29, 2026
- Regulation FD disclosureApr 20, 2026
- Unregistered equity sale · Regulation FD disclosureApr 14, 2026
- Regulation FD disclosureMar 26, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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