Worksport Cuts Q3 Operating Cash Use 89% as Sales Hit Record

Worksport Ltd. posted preliminary net sales of about $7.24 million for the third quarter of 2026, a company record, while net cash used in operating activities fell 89% from the prior quarter.

Net cash used in operating activities was approximately $370,000 in the quarter ended Sept. 30, 2026, compared with approximately $3.4 million in the second quarter of 2026. Operations still used cash despite the sharp decline.

Inventory stood at approximately $9.6 million on Sept. 30, 2026, down from $12.1 million on June 30, 2026. The lower inventory balance accompanied the reduction in operating cash use; the preliminary figures do not establish how much it contributed to that change.

Worksport is working toward operating cash flow breakeven. “We still have work ahead of us, but the gap continues to narrow,” Worksport CEO Steven Rossi said.

The sales, cash flow and inventory figures are preliminary and unaudited. Worksport expects to release its full third-quarter Form 10-Q and hold an earnings call after the U.S. market closes on Nov. 10, 2026.