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WKSP · NASDAQ · Auto - Parts

Worksport (WKSP)

Makes pickup-truck tonneau covers and integrated mobile-energy products.

$0.4190
vs last close−0.00 (−1.04%)
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Worksport Ltd.WKSP
Consumer Discretionary

Makes pickup-truck tonneau covers and sells through distributor, dealer, marketplace, and direct channels. U.S.-made hard covers supply nearly all revenue, while solar-integrated covers, portable batteries, and a pre-commercial heat-pump platform extend product development.

Manufactures hard and soft tonneau covers for pickup trucks, with U.S.-made aluminum hard covers and specification-led soft covers supplied overseas. The portfolio includes AL3, AL4, HD3, and NEXUS, while SOLIS adds a folding solar tonneau cover and COR provides portable battery power.

Sells physical products through distributors, dealers, online marketplaces, and direct e-commerce, while pursuing private-label, fleet, and original-equipment relationships. Sales are concentrated in the United States, with a Canadian presence and design teams in both countries.

Operates a hybrid supply chain: domestic hard-cover assembly relies on materials sourced across Europe, Southeast Asia, and North America; soft covers have historically come from Chinese suppliers. Terravis Energy's AetherLux heat-pump platform remained in research, development, and evaluation and had not been commercialized.

Company facts

CEOSteven Rossi
ListedAug 4, 2021
ExchangeNASDAQ
HeadquartersWest Seneca, NY
CountryCanada
Employees122
CIK0001096275
ISINUS98139Q3083

Market cap$6.5M
EPS (ttm)−$2.21
P/E (ttm)−0.1916
ROE-101.9%
P/B0.3392
P/S0.3536
Dividend yieldDiv yield
Beta2.66vs XLY −0.14

Price target$2.00+376.2%Average of 3 analysts
ConsensusBuy3 of 3 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
May 15, 2026Maxim GroupReiterate
Rating: Target: $3
Rating: BuyTarget: $2
Feb 13, 2026Maxim GroupReiterate
Rating: Target: $1.50
Rating: BuyTarget: $3

Next report
Nov 12, 26
in 51 days
EPS estimate
−$0.18
Revenue estimate
$12.5M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$1.26−$1.05−$0.71−$0.75−$0.72−$0.54−$0.33Pending
Estimate−$1.40−$1.05−$0.76−$0.73−$0.55−$0.51−$0.44−$0.18
Surprise+10.0%0.0%+6.6%−2.7%−30.9%−5.9%+25.0%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$2.9M$2.2M$4.1M$5.0M$4.7M$3.3M$5.2MPending
Estimate$2.9M$3.7M$3.9M$5.0M$4.8M$5.3M$4.5M$12.5M
Surprise+0.6%−39.8%+5.6%+0.1%−1.6%−37.8%+16.2%
Estimate−$0.18
ReportedDue Nov 12, 2026
Estimate$12.5M
ReportedDue Nov 12, 2026
View details

Debt to equity28.70%
Current ratio379.00%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$3.1M$2.9M$2.2M$4.1M$5.0M$4.7M$3.3M$5.2M
Net income−$4.1M−$4.3M−$4.5M−$3.7M−$4.9M−$6.2M−$5.8M−$4.0M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$3.9M−$4.0M−$4.3M−$3.6M−$4.8M−$5.9M−$5.7M−$3.8M
YoY growthLoss narrowedLoss widenedLoss widenedLoss narrowedLoss widenedLoss widenedLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $1.2M · Total debt $5.5M · Total assets $28.1M · Shareholders' equity $19.1M

Revenue
$5.2M
Operating income
−$3.8M
Net income
−$4.0M
View details

No dividends on record.

Institutions6.19%946.2K shares
28 holders · as of Jun 30, 2026
Insiders19.87%3.04M shares
3 holders · as of Jul 31, 2026
Other73.94%11.31M shares
remainder

15.30M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Steven F. RossiInsiderdirector, officer: Chairman, CEO and President
17.61%2.69Mfiled Jun 9, 2026
van de WielInsider
1.16%177,500filed Jul 14, 2023
Jennifer Anne KartychakInsiderofficer: Chief Financial Officer
1.10%168,872filed Jul 31, 2026
Steward Partners Investment Advisory, LLCInstitution
1.06%161,866as of Jun 30, 2026
HRT Financial LPInstitution
0.99%151,358as of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 5, 2026Steven F. Rossidirector, officer: Chairman, CEO and President+79,618$0.6280
Apr 13, 2026Steven F. Rossidirector, officer: CEO and President+88,214$0.8502
View details

  • Ford

    Factory and dealer cover options vie for F-Series pickup owners.

  • General Motors

    Chevrolet accessory covers vie for Silverado and Colorado truck owners.

  • Generac

    GB2000 battery stations compete for solar-charged off-grid power.

Compare

CompanyPriceChange
Worksport$0.4190−1.04%$6.5M0.4+27.4%
Ford$13.12−0.42%$52.56B7.40.3−3.8%
General Motors$83.44−0.61%$75.93B42.45.90.4+1.9%
Generac$206.69+0.84%$12.07B47.220.02.7+10.6%
Median44.87.40.4+1.9%