Worksport (WKSP) Gross Margin (2014 - 2026)

Worksport (WKSP) has 13 years of Gross Margin data on file, last reported at 25.78% in Q1 2026.

• Gross Margin for Q1 2026 came in at 25.78%, up 809.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 28.72% (up 1634.0% YoY), and the FY2025 annual result was 27.79%, up 1712.0% from the prior year.
• Gross Margin slipped to 25.78% in Q1 2026 per WKSP's latest filing, from 30.1% in the prior quarter.
• Over five years, Gross Margin peaked at 104.09% in Q4 2022 and troughed at 7.31% in Q1 2024.
• A 5-year average of 26.48% and a median of 23.3% in 2023 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2022 and 2023: Gross Margin surged 70773 bps in 2022, then tumbled 9312 bps in 2023.
• A 5-year view of Gross Margin shows it stood at 104.09% in 2022, then tumbled by 89 bps to 10.97% in 2023, then increased by 1 bps to 11.08% in 2024, then jumped by 172 bps to 30.1% in 2025, then retreated by 14 bps to 25.78% in 2026.
• Business Quant data shows WKSP's Gross Margin at 25.78% in Q1 2026, 30.1% in Q4 2025, and 31.29% in Q3 2025.