Worksport (WKSP) Gross Margin (2014 - 2026)

Worksport has disclosed Gross Margin across 13 years of filings, most recently posting 25.78% for Q1 2026.

• In Q1 2026, Gross Margin rose 809.0% year-over-year to 25.78%; the TTM figure through Mar 2026 stood at 28.72% (up 1634.0% YoY), while the FY2025 annual figure was 27.79%, up 1712.0% from the prior year.
• Gross Margin declined to 25.78% in Q1 2026, from 30.1% in the prior quarter.
• Over the last five years, Gross Margin for WKSP reached as high as 104.09% in Q4 2022 and fell as low as 7.31% in Q1 2024.
• The 5-year median for Gross Margin is 23.3% (2023), against an average of 26.48%.
• Annual changes were most pronounced in 2022 — Gross Margin surged 70773 bps — and 2023, when it sank 9312 bps.
• A 5-year view of Gross Margin shows it stood at 104.09% in 2022, then sank 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.
• According to Business Quant data, Gross Margin over the past three periods registered 25.78%, 30.1%, and 31.29% for Q1 2026, Q4 2025, and Q3 2025 respectively.