Worksport (WKSP) Operating Expenses (2010 - 2026)
Worksport (WKSP) posted quarterly Operating Expenses of $6.6 million for Q1 2026, up 41.82% year-over-year from $4.7 million in Q1 2025, and down 12.7% quarter-over-quarter from $7.6 million in Q4 2025.
Worksport (WKSP) Operating Expenses (2010 - 2026) Analysis & Trends
Worksport (WKSP) has reported Operating Expenses for 17 consecutive years, with $6.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 41.82% year-over-year to $6.6 million; the TTM figure through Mar 2026 stood at $25.2 million (up 45.37% YoY), while the FY2025 annual figure was $23.3 million, up 42.25% from the prior year.
- Operating Expenses eased to $6.6 million in Q1 2026 per WKSP's latest filing, from $7.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $7.6 million in Q4 2025 and bottomed at $2.8 million in Q1 2022.
- Historically, Operating Expenses has averaged $4.4 million across 5 years, with a median of $4.0 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 288.92% — and 2023, when it slipped 3.32%.
- Worksport's Operating Expenses stood at $3.8 million in 2022, then retreated by 3.32% to $3.6 million in 2023, then advanced by 19.07% to $4.3 million in 2024, then jumped by 74.35% to $7.6 million in 2025, then retreated by 12.7% to $6.6 million in 2026.
- Business Quant data shows WKSP's Operating Expenses at $6.6 million in Q1 2026, $7.6 million in Q4 2025, and $6.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.54 Bn | 73.28 Bn | 2.52 Bn | 1.53 Bn |
| 2 | Autozone | 48.78 Bn | 48.52 Bn | 2.52 Bn | 341.91 Mn |
| 3 | Magna International | 19.33 Bn | 17.90 Bn | 1.61 Bn | 980.00 Mn |
| 4 | Genuine Parts | 18.26 Bn | 17.70 Bn | 2.47 Bn | 2.13 Bn |
| 5 | Borgwarner | 13.15 Bn | 10.70 Bn | 721.00 Mn | 352.00 Mn |
| 6 | Allison Transmission Holdings | 10.71 Bn | 10.31 Bn | 515.00 Mn | 224.00 Mn |
| 7 | Modine Manufacturing | 10.08 Bn | 10.00 Bn | - | - |
| 8 | Aptiv | 9.95 Bn | 9.19 Bn | 775.00 Mn | 2.91 Bn |
| 9 | Autoliv | 9.00 Bn | 8.63 Bn | 509.00 Mn | 260.00 Mn |
| 10 | Worksport | 7.23 Mn | 5.95 Mn | 1.65 Mn | 5.47 Mn |
Historic Data
Download 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 |