Worksport
Makes pickup-truck tonneau covers and integrated mobile-energy products.
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Profile
Makes pickup-truck tonneau covers and sells through distributor, dealer, marketplace, and direct channels. U.S.-made hard covers supply nearly all revenue, while solar-integrated covers, portable batteries, and a pre-commercial heat-pump platform extend product development.
Manufactures hard and soft tonneau covers for pickup trucks, with U.S.-made aluminum hard covers and specification-led soft covers supplied overseas. The portfolio includes AL3, AL4, HD3, and NEXUS, while SOLIS adds a folding solar tonneau cover and COR provides portable battery power.
Sells physical products through distributors, dealers, online marketplaces, and direct e-commerce, while pursuing private-label, fleet, and original-equipment relationships. Sales are concentrated in the United States, with a Canadian presence and design teams in both countries.
Operates a hybrid supply chain: domestic hard-cover assembly relies on materials sourced across Europe, Southeast Asia, and North America; soft covers have historically come from Chinese suppliers. Terravis Energy's AetherLux heat-pump platform remained in research, development, and evaluation and had not been commercialized.
Company facts
Categories
Key statistics
Year to date −75.6% · Average volume (30d) 7.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| May 15, 2026 | Maxim Group | Reiterate | Buy | $3 | $2 |
| Feb 13, 2026 | Maxim Group | Reiterate | Buy | $1.50 | $3 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | −$0.44 | −$0.33 | +25.0% | $4.5M | $5.2M | +16.2% | −4.92% |
| May 13, 2026Q1 FY26 | −$0.51 | −$0.54 | −5.9% | $5.3M | $3.3M | −37.8% | −8.35% |
| Mar 26, 2026Q4 FY25 | −$0.55 | −$0.72 | −30.9% | $4.8M | $4.7M | −1.6% | −23.31% |
| Nov 13, 2025Q3 FY25 | −$0.73 | −$0.75 | −2.7% | $10.9M | $5.0M | −54.0% | 0.00% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.2M | $4.1M | $5.0M | $4.7M | $3.3M | $5.2M | |
| Gross profit | $396.2K | $1.1M | $1.6M | $1.4M | $853.9K | $1.6M | |
| Operating income | −$4.3M | −$3.6M | −$4.8M | −$5.9M | −$5.7M | −$3.8M | |
| Net income | −$4.5M | −$3.7M | −$4.9M | −$6.2M | −$5.8M | −$4.0M | |
| Diluted EPS | −$0.57 | −$0.48 | −$0.63 | −$0.71 | −$0.54 | −$0.33 | |
| Gross margin | 17.7% | 26.4% | 31.3% | 30.1% | 25.8% | 31.5% | |
| Operating margin | -190.0% | -88.1% | -95.6% | -123.4% | -173.5% | -73.0% |
Fiscal years (4-quarter sums)FY21 $303.8K · FY22 $116.5K · FY23 $1.5M · FY24 $8.5M · FY25 $16.1M
Revenue by geography · FY24
Balance sheet, Jun 30, 2026Cash & short-term investments $1.2M · Total debt $5.5M · Total assets $28.1M · Shareholders' equity $19.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 15.28M · Float 12.30M · 80.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Steven F. Rossi · director, officer: Chairman, CEO and President | 2.69M | 17.63% | Form 4 | Jun 9, 2026 |
| Armistice Capital, LLC | 250.2K | 1.64% | 13F | May 15, 2026 |
| Jennifer Anne Kartychak · officer: Chief Financial Officer | 168.9K | 1.10% | Form 4 | Jul 31, 2026 |
| Vanguard Capital Management LLC | 142.7K | 0.93% | 13F | May 15, 2026 |
| Geode Capital Management, LLC | 128.3K | 0.84% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 5, 2026 | Steven F. Rossi | director, officer: Chairman, CEO and President | +79,618 | $0.6280 |
| Apr 13, 2026 | Steven F. Rossi | director, officer: CEO and President | +88,214 | $0.8502 |
Peers
- Ford
Factory and dealer cover options vie for F-Series pickup owners.
- General Motors
Chevrolet accessory covers vie for Silverado and Colorado truck owners.
- Generac
GB2000 battery stations compete for solar-charged off-grid power.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Worksport | $0.5460 | −4.88% | $8.8M | — | — | 0.5 | +27.4% |
| Ford | $13.89 | +0.07% | $55.31B | — | 8.0 | 0.3 | −3.8% |
| General Motors | $86.10 | −0.20% | $78.03B | 43.6 | 6.3 | 0.4 | +1.9% |
| Generac | $185.00 | +0.65% | $10.82B | 42.4 | 18.2 | 2.4 | +10.6% |
| Median | 43.0 | 8.0 | 0.4 | +1.9% |