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Worksport 132% gross profit surge, 46% sales gain

6 sourcesUpdated Jul 22, 2026

Worksport reported for April–June 2026 that net sales rose about 46% to $2.08 million and gross profit surged about 132% to $720,000, with June representing the strongest month on record. The gross margin run rate has climbed above 35%, up from 26% in Q1 2026, signaling improving economics per sale as the company scales its automotive portfolio. Management noted that gross profit growth outpaced revenue growth, bringing the company closer to operational cash-flow breakeven as it expands its product lines and commercialization efforts. External metrics show a mixed picture: a GF Score of 45/100 suggesting potential financial challenges, and a Neutral stance from TipRanks, highlighting near-term liquidity and funding risks despite revenue momentum. A July 22, 2026 8-K confirms the press release announcing the 132% gross profit growth and underscores the company’s record June performance.

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Broke stocktitan.net · Jul 22, 12:11 PM6 sources +2h on

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scanx.tradeOtherJul 22, 2026

Worksport gross profit surges 132% as margins stabilize above 35%

gurufocus.comOtherJul 22, 2026

Worksport (WKSP) Reports Significant Growth in Sales and Profit

tipranks.comOtherJul 22, 2026

Worksport Reports Strong Preliminary Sales and Margin Growth

za.investing.comOtherJul 22, 2026

Worksport reports 46% sales increase with expanding margins By Investing

tradingview.comOtherJul 22, 2026

Worksport Reports 46% Sales Rise and 132% Gross Profit Growth; June 2026 Best Month

stocktitan.netOtherJul 22, 2026

Worksport Ltd. (NASDAQ: WKSP) reports 132% gross profit growth and 46% sales gain

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