Worksport Q4 Revenue Up 65%, Gross Margin Expands 2,100 Basis Points
Worksport’s Q4 revenue surged 65% to $4.84 million year-over-year, while gross profit jumped 380% to $1.5 million on a 32% gross margin, up 2,100 basis points. Full-year sales climbed 91% to a record $16.2 million, validating scale of its U.S. manufacturing platform.
1. Q4 Financial Results
Worksport’s fourth quarter revenue rose 65% to $4.84 million, while gross profit jumped 380% to $1.5 million, lifting gross margin to 32% from 11%. Full-year revenue hit a record $16.2 million, up 91% over 2024, confirming platform scalability.
2. Margin Expansion Despite Cost Inflation
Despite a 35% spike in domestic aluminum prices, Worksport expanded gross margins by 2,100 basis points through advanced manufacturing technology, scrap reduction, and fixed cost absorption as daily production volume more than doubled.
3. Strategic Monetization Phase and Outlook
With major R&D investments in SOLIS Solar Tonneau Cover, COR Portable Energy System and Aetherlux Heat Pump completed, the company is shifting capital toward commercialization and expects to update its 2026 revenue and cash flow targets later this quarter.