Permissions for a Linked Sheet/Report

We have 1 workspace with folders for all our projects. I've created a linked sheet that provides summary status on all projects in that Workspace. I've then created a report to send out to my management team. The management team the report goes to does NOT have access to the Workspace. After sharing the report, I'm being told they are only seeing a blank sheet.

Is this correct? Is the data viewable in a report tied to the permissions related to the source data?