Quick Answer
Worksport Ltd reported R&D Expense of $1.54 million for fiscal year 2025.
Worksport Ltd R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $1.54M | -32.8% |
| 2024 | $2.29M | +37.2% |
| 2023 | $1.67M | +3425.6% |
| 2015 | $47.3K | +860.0% |
| 2014 | $4.9K | +648.4% |
| 2013 | $659.00 | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $301.1K | -24.1% | -1.2% |
| June 30, 2025 | $304.8K | -70.9% | -17.5% |
| March 31, 2025 | $369.6K | -3.0% | -6.8% |
| September 30, 2024 | $396.4K | — | -62.1% |
| June 30, 2024 | $1.05M | — | +174.5% |
| March 31, 2024 | $381.0K | — | — |
- Worksport Ltd showed a decrease of -32.8% in R&D Expense compared to the prior fiscal year.
- Over the 2013–2025 period, Worksport Ltd’s r&d expense has grown by 233424.0% (from $659.00 to $1.54 million).
- The most recent figure is from Worksport Ltd’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 26, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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