Worksport Ltd. Reports Strong Q4 2025 Results While Advancing Aetherlux Heat Pump Program
Worksport Ltd. (NASDAQ: WKSP), a Canadian‑based manufacturer of truck tonneau covers and a growing clean‑energy technology provider, announced on February 11 that its fourth quarter of fiscal 2025 delivered a remarkable 65 % year‑over‑year increase in revenue, followed by a 91 % jump in full‑year sales. The company also highlighted a dramatic expansion of gross profit and margin, underscoring the effectiveness of its domestic manufacturing strategy.
Q4 2025 Financial Highlights
| Metric | Q4 2025 | Q4 2024 | YoY % |
|---|---|---|---|
| Net sales | $4.84 million | $2.93 million | +65 % |
| Gross margin | 32 % | 11 % | +2 100 basis points |
| Gross profit | $1.5 million | $0.3 million | +380 % |
The company’s gross margin surged to 32 % from 11 % in the same period last year, indicating significant cost discipline and pricing power. The resulting gross profit of approximately $1.5 million represents a 380 % increase over Q4 2024.
Full‑year 2025 sales reached $16.2 million, up 91 % from $8.5 million in fiscal 2024, setting a new record for the company. Management stated that the results validate the scalability of its U.S. manufacturing platform and confirm the firm’s capacity to deliver clean‑energy solutions at scale.
Momentum Behind the Numbers
Worksport’s robust growth has been driven by two complementary business lines:
Automotive Accessories – The core tonneau cover business continues to capture market share in Canada and the United States. The product mix ranges from soft roll‑ups to hard 4‑panel folds, allowing the company to serve both consumer and reseller channels.
Clean‑Energy Solutions – The company’s energy subsidiary, Terravis Energy, is advancing the Aetherlux Pro heat‑pump platform. On February 12, Worksport confirmed that a large government entity is evaluating the Aetherlux™ heat pump for a potential long‑term supply deal, accelerating the path toward AHRI and ENERGY STAR certification. Management views the ZeroFrost anti‑frosting technology as a materially undervalued intellectual‑property asset that could redefine performance standards in the cold‑climate heat‑pump market, which is projected to exceed $150 billion by 2030.
Market Context and Investor Outlook
Worksport’s current market capitalization stands at approximately $15.4 million, with a stock price of $1.52 on February 10. The company’s price‑earnings ratio is –0.46, reflecting the negative earnings associated with rapid expansion and capital investment. Nonetheless, the company’s revenue trajectory and margin improvements suggest that the market has not yet fully priced in the long‑term value of its clean‑energy portfolio.
Investors will likely focus on the following developments in the coming weeks:
- Certification Progress – Updates on AHRI and ENERGY STAR approvals for the Aetherlux heat pump.
- Government Contracts – Confirmation of any long‑term supply agreements.
- Revenue Forecasts – Preliminary 2026 outlook releases, which were anticipated on February 11.
Conclusion
Worksport Ltd. has demonstrated that it can simultaneously grow its established automotive accessories business while laying the groundwork for a high‑growth clean‑energy segment. The combination of record revenue, margin expansion, and a promising technology pipeline positions the company as a noteworthy play in the consumer discretionary and clean‑energy sectors.
