Worksport (WKSP) Research & Development (2014 - 2026)
Worksport (WKSP) posted quarterly Research & Development of $205333.0 for Q1 2026, down 76.39% year-over-year from $869749.0 in Q1 2025, and down 96.56% quarter-over-quarter from $6.0 million in Q4 2025.
Worksport (WKSP) Research & Development (2014 - 2026) Analysis & Trends
Worksport (WKSP) has reported Research & Development for 11 consecutive years, with $205333.0 the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 76.39% year-over-year to $205333.0; the TTM figure through Mar 2026 stood at $9.8 million (up 236.62% YoY), while the FY2025 annual figure was $6.9 million, up 191.12% from the prior year.
- Research & Development declined to $205333.0 in Q1 2026 per WKSP's latest filing, from $6.0 million in the prior quarter.
- Across five years, Research & Development topped out at $6.0 million in Q4 2025 and bottomed at $66777.0 in Q1 2024.
- Historically, Research & Development has averaged $997180.6 across 5 years, with a median of $548712.0 in 2023.
- Annual changes were most pronounced in 2024 — Research & Development tumbled 87.73% — and 2025, when it soared 1202.47%.
- Worksport's Research & Development stood at $493023.0 in 2022, then sank by 60.37% to $195408.0 in 2023, then surged by 503.71% to $1.2 million in 2024, then soared by 406.24% to $6.0 million in 2025, then sank by 96.56% to $205333.0 in 2026.
- Business Quant data shows WKSP's Research & Development at $205333.0 in Q1 2026, $6.0 million in Q4 2025, and $2.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.55 Bn | 73.29 Bn | 2.52 Bn | - |
| 2 | Autozone | 48.72 Bn | 48.46 Bn | 2.52 Bn | - |
| 3 | Magna International | 20.02 Bn | 18.59 Bn | 1.61 Bn | - |
| 4 | Genuine Parts | 18.44 Bn | 17.88 Bn | 2.47 Bn | - |
| 5 | Borgwarner | 13.74 Bn | 11.29 Bn | 721.00 Mn | - |
| 6 | Allison Transmission Holdings | 11.11 Bn | 10.71 Bn | 515.00 Mn | 56.00 Mn |
| 7 | Modine Manufacturing | 10.43 Bn | 10.36 Bn | - | - |
| 8 | Aptiv | 10.21 Bn | 9.45 Bn | 775.00 Mn | - |
| 9 | Autoliv | 9.27 Bn | 8.90 Bn | 509.00 Mn | 122.00 Mn |
| 10 | Worksport | 7.00 Mn | 5.71 Mn | 1.65 Mn | 1.71 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.71 Mn |
| Mar 31, 2026 | 205,333.00 |
| Dec 31, 2025 | 5.97 Mn |
| Sep 30, 2025 | 2.36 Mn |
| Jun 30, 2025 | 1.31 Mn |
| Mar 31, 2025 | 869,749.00 |
| Dec 31, 2024 | 1.18 Mn |
| Sep 30, 2024 | 396,446.00 |
| Jun 30, 2024 | 478,792.00 |
| Mar 31, 2024 | 66,777.00 |
| Dec 31, 2023 | 195,408.00 |
| Sep 30, 2023 | 380,847.00 |
| Jun 30, 2023 | 548,712.00 |
| Mar 31, 2023 | 544,351.00 |
| Dec 31, 2022 | 493,023.00 |
| Sep 30, 2022 | 586,388.00 |
| Jun 30, 2022 | 646,367.00 |
| Mar 31, 2022 | 720,488.00 |
| Dec 31, 2021 | 624,980.00 |
| Sep 30, 2021 | 433,905.00 |