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Get filing alertsWorksport reports Q1 2026 revenue up 48%, gross profit surges 116% year-over-year
Filed May 13, 2026 · Period ending May 13, 2026 · ~1 min read
Key Changes
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First quarter 2026 revenue grew 48% compared to same period last year, indicating strong demand acceleration for the company's truck bed covers and solar products.
Item 7.01 verify on EDGAR → -
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Gross profit jumped 116% year-over-year, more than double the revenue growth rate, signaling improving manufacturing efficiency and better pricing power or product mix.
Item 7.01 verify on EDGAR → -
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Results disclosed via Regulation FD press release rather than full earnings report, meaning detailed financials and management commentary will follow in the 10-Q filing.
8-K: Reg FD view on EDGAR →
Summary
Worksport reported strong first quarter 2026 results, with revenue climbing 48% year-over-year while gross profit more than doubled with 116% growth. The outsized gross profit expansion suggests the company is achieving better economies of scale, improved manufacturing efficiency, or favorable shifts in product mix as it scales production of its truck accessories and portable solar power systems. For retail investors, these results indicate Worksport is successfully converting its product development efforts into commercial traction.
The widening gap between revenue growth and gross profit growth is particularly encouraging, as it suggests the business model is becoming more profitable as it scales rather than requiring margin sacrifices to drive volume. Watch for the full 10-Q quarterly report in coming weeks, which will provide complete financial statements including operating expenses, cash burn rate, and management's detailed discussion of what's driving the growth and margin improvement.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Worksport (NASDAQ: WKSP) Reports Q1 Revenue Up 48%, Gross Profit Up 116% (YOY)
The company disclosed first quarter 2026 financial results showing revenue increased 48% year-over-year and gross profit increased 116% year-over-year. This represents significant top-line growth and improving profitability margins compared to the prior year period.
Event · Item 9.01 — Financial Statements and Exhibits
Worksport disclosed Q1 2026 results showing 48% revenue growth and 116% gross profit increase year-over-year via press release.
Added in current filing · verify on EDGAR →
Press Release dated May 13, 2026, “Worksport (NASDAQ: WKSP) Reports Q1 Revenue Up 48%, Gross Profit Up 116% (YOY)”
The company announced first quarter 2026 financial results through a press release. Revenue increased 48% compared to the same quarter last year, while gross profit grew 116% year-over-year. These metrics indicate strong top-line growth and improving profitability margins.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 1, 2026 · How we verify