Worksport see Q2 sales rally 27% to $5.23 million

• Worksport reported record Q2 2026 net sales of $5.23 million, up 27.4% year over year and 57.9% from Q1.
• Gross profit rose 52.5% to $1.65 million as gross margin expanded to approximately 31.5%.
• Operating expenses fell 17% sequentially and operating cash use declined as Worksport continued scaling its product and distribution operations.

Worksport (NASDAQ:WKSP) reported record second-quarter 2026 net sales of $5.23 million, up 27.4% year over year and 57.9% sequentially.

Sales increased from $3.31 million in Q1, while gross margin improved to about 31.5% from 25.8% sequentially and 26.4% a year earlier.

Gross profit reached $1.65 million, up 52.5% year over year, as Worksport generated progressively higher monthly gross profit through the quarter.

Operating expenses fell about 17% sequentially to $5.47 million, narrowing operating loss to $3.82 million and net loss to $3.97 million.

First-half sales reached $8.54 million, up 34.6%, while gross profit increased 69.4% to $2.50 million as Worksport expanded its tonneau-cover and clean-energy businesses.

Worksport entered Q2 with COR and SOLIS shipping, launched its Nexus tonneau cover and expanded U.S. distribution as management targeted progress toward operating cash-flow positivity.