Worksport Q3 Net Sales Increase 44.2% Year-Over-Year to a Record $7.2 Million Worksport (NASDAQ: WKSP) Q3 Revenue Rises 44% to Record $7.23 Million as Net Loss Narrows 28%
Key Highlights
- ➤Q3 net sales $7.23 million, up 44.2% year over year to a record
- ➤Q3 net loss narrowed 27.0% to $3.6 million, or $0.26 per share
- ➤Operating cash use fell 89% quarter over quarter to approximately $0.37 million
- ➤NEXUS sales reached approximately $4.76 million, up approximately 150% from Q2
- ➤Worksport signed a non-binding term sheet to acquire a patented truck-bed accessory business
Expert Statements
Steven Rossi, Founder and Chief Executive Officer of Worksport
“Q3 was the second straight quarter in which our sales went up while our net loss and cash use came down.”
Steven Rossi, Founder and Chief Executive Officer of Worksport
“Since the first quarter, we have more than doubled quarterly revenue while reducing our net loss by nearly 40% and our operating cash use by about 95%.”
Steven Rossi, Founder and Chief Executive Officer of Worksport
“Sustained operating cash flow breakeven is our first financial priority, because it lets us fund more of our growth internally and reduces our dependence on equity financing.”
Steven Rossi, Founder and Chief Executive Officer of Worksport
“We have the factory, the products and the routes to customers; our job now is to put more of each additional gross-profit dollar toward closing the remaining gap.”
WEST SENECA, NY / ACCESS Newswire / November 10, 2026 / Worksport Ltd. Worksport Ltd. Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based innovator and manufacturer of hybrid and clean energy solutions primarily for the light truck, overlanding, and global consumer goods markets, today reported financial results for the third quarter ended September 30, 2026,. Net sales reached a record $7.2 million, up 44.2% year over year and $38.2% from the second quarter, while net loss narrowed 27.0% to $3.6 million, or $0.26 per share, compared to $4.9 million, or $0.75 per share, in Q3 2025.
Q3 2026 was the second consecutive quarter in which Worksport's revenue rose while its net loss and operating cash use fell. Since the first quarter, each dollar of net sales has carried a smaller loss: $1.76 in Q1 2026, $0.76 in Q2 2026 and $0.49 in Q3 2026.
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