Worksport annual r&d spending
2013
2014
2015
2023
2024
2025
Worksport R&D Spending Growth & History (WKSP)
Worksport's r&d spending was $1.5M for fiscal 2025.
View full Worksport company overviewWorksport annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.5M | −$751,017 | −32.80% |
| 2024 | 2024-12-31 | $2.3M | $620,622 | +37.18% |
| 2023 | 2023-12-31 | $1.7M | — | — |
| 2015 | 2015-12-31 | $47,348 | $42,416 | +860.02% |
| 2014 · Dec 31 | 2014-12-31 | $4,932 | $4,273 | +648.41% |
| 2013 · Dec 31 | 2013-12-31 | $659 | — | — |
Worksport quarterly r&d spending
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $214,183 | −$90,650 | −29.74% |
| Q1 2026 | 2026-03-31 | $205,333 | −$164,268 | −44.44% |
| Q4 2025 | 2025-12-31 | $563,394 | $96,764 | +20.74% |
| Q3 2025 | 2025-09-30 | $301,095 | −$95,351 | −24.05% |
| Q2 2025 | 2025-06-30 | $304,833 | −$741,031 | −70.85% |
| Q1 2025 | 2025-03-31 | $369,601 | −$11,399 | −2.99% |
| Q4 2024 | 2024-12-31 | $466,630 | — | — |
| Q3 2024 | 2024-09-30 | $396,446 | — | — |
| Q2 2024 | 2024-06-30 | $1.0M | — | — |
| Q1 2024 | 2024-03-31 | $381,000 | — | — |
Worksport r&d spending trends
Between the periods ended 2013-12-31 and 2025-12-31, Worksport's r&d spending increased from $659 to $1.5M, a change of $1.5M. The latest reported quarter, Q2 2026, shows $214,183.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Worksport source filings ↗