Worksport (WKSP) Operating Expenses (2010 - 2026)
Worksport's (WKSP) quarterly Operating Expenses came in at $5.5 million in Q2 2026, up 16.36% year-over-year from $4.7 million in Q2 2025, and down 17.12% quarter-over-quarter from $6.6 million in Q1 2026.
Analysis
Worksport (WKSP) Operating Expenses (2010 - 2026) Analysis & Trends
Worksport (WKSP) has reported Operating Expenses for 17 consecutive years, with $5.5 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 16.36% year-over-year to $5.5 million in Q2 2026; TTM through Jun 2026 was $26.0 million, a 45.66% increase from a year earlier, with the FY2025 full-year figure at $23.3 million, up 42.25% from the prior year.
- Operating Expenses was $5.5 million for Q2 2026 at Worksport, down from $6.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $7.6 million in Q4 2025 and troughed at $2.8 million in Q1 2022.
- A 5-year average of $4.4 million and a median of $4.1 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 288.92% in 2022 and decreased 3.32% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $3.8 million in 2022, then declined by 3.32% to $3.6 million in 2023, then rose by 19.07% to $4.3 million in 2024, then surged by 74.35% to $7.6 million in 2025, then decreased by 27.64% to $5.5 million in 2026.
- The last three Operating Expenses figures came in at $5.5 million (Q2 2026), $6.6 million (Q1 2026), and $7.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Magna International | 18.47 Bn | 17.04 Bn | 1.61 Bn | 273.20 Mn |
| 2 | Autoliv | 8.85 Bn | 8.47 Bn | 509.00 Mn | 260.00 Mn |
| 3 | Lear | 6.38 Bn | 5.38 Bn | 470.30 Mn | 197.50 Mn |
| 4 | Gentex | 4.73 Bn | 4.49 Bn | 241.00 Mn | 99.66 Mn |
| 5 | Dorman Products | 3.78 Bn | 3.65 Bn | 251.23 Mn | 135.01 Mn |
| 6 | Dauch | 1.65 Bn | 764.38 Mn | 338.20 Mn | 216.70 Mn |
| 7 | Adient | 1.44 Bn | 511.09 Mn | 235.00 Mn | 141.00 Mn |
| 8 | Xpel | 1.34 Bn | 1.30 Bn | 63.14 Mn | 39.93 Mn |
| 9 | Standard Motor Products | 870.49 Mn | 870.49 Mn | 164.62 Mn | 113.77 Mn |
| 10 | Worksport | 5.95 Mn | 4.67 Mn | 1.65 Mn | 5.47 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.47 Mn |
| Mar 31, 2026 | 6.60 Mn |
| Dec 31, 2025 | 7.56 Mn |
| Sep 30, 2025 | 6.36 Mn |
| Jun 30, 2025 | 4.70 Mn |
| Mar 31, 2025 | 4.65 Mn |
| Dec 31, 2024 | 4.33 Mn |
| Sep 30, 2024 | 4.15 Mn |
| Jun 30, 2024 | 4.21 Mn |
| Mar 31, 2024 | 3.68 Mn |
| Dec 31, 2023 | 3.64 Mn |
| Sep 30, 2023 | 4.01 Mn |
| Jun 30, 2023 | 3.79 Mn |
| Mar 31, 2023 | 3.54 Mn |
| Dec 31, 2022 | 3.77 Mn |
| Sep 30, 2022 | 2.95 Mn |
| Jun 30, 2022 | 3.31 Mn |
| Mar 31, 2022 | 2.81 Mn |
| Dec 31, 2021 | 3.66 Mn |
| Sep 30, 2021 | 2.05 Mn |