WESTPORT FUEL SYSTEMS (WPRT) Company Report

Analyst Coverage

Research analysts who have asked questions during WESTPORT FUEL SYSTEMS earnings calls.

Eric Stine

Craig-Hallum Capital Group LLC

7 questions for WPRT

Also covers: ALTO, AMRC, AMSC +18 more

Rob Brown

Lake Street Capital Markets

7 questions for WPRT

Also covers: AGX, APLD, BLDP +13 more

Chris Dendrinos

RBC Capital Markets

6 questions for WPRT

Also covers: BE, CHPT, ENPH +8 more

Sameer Joshi

H.C. Wainwright & Co.

2 questions for WPRT

Also covers: ALTO, AMTX, BEEM +24 more

Amit Dayal

H.C. Wainwright & Co., LLC

1 question for WPRT

Also covers: ACHR, AIRJ, AMPX +26 more

Chris Dandenas

RBC Capital Markets

1 question for WPRT

Jeffrey Osborne

TD Cowen

1 question for WPRT

Also covers: ASPN, AUR, BLDP +14 more

Latest news

Recent press releases and 8-K filings for WPRT.

Westport Announces Milestone Payment from Light-Duty Divestiture

WPRT

M&A

New Projects/Investments

Westport Fuel Systems Inc. announced the receipt of a $6.5 million (Euro 5.5 million) milestone payment.
This payment stems from the previously announced sale of its Light-Duty segment and was triggered by the achievement of a defined post-closing milestone.
Elizabeth Owens, Chief Financial Officer, stated that this interim payment strengthens Westport's cash position to support ongoing operations and strategic initiatives, with additional payments expected as transaction phases are completed.

3 days ago

6-K

Westport Receives Milestone Payment from Light-Duty Divestiture

WPRT

M&A

New Projects/Investments

Westport Fuel Systems Inc. received $6.5 million (Euro 5.5 million) as an escrow payment on February 4, 2026, related to the previously announced sale of its Light-Duty segment.
This payment was triggered by the achievement of a defined post-closing milestone under the terms of the sale agreement.
Westport's Chief Financial Officer, Elizabeth Owens, stated that this interim payment strengthens the company's cash position to support ongoing operations and strategic initiatives, with additional payments expected as the transaction phases are completed.

3 days ago

Press Release

Westport Fuel Systems Inc. Announces Start of Production at Two Key Facilities

WPRT

New Projects/Investments

Westport Fuel Systems Inc. (WPRT) has commenced production at its expanded Cambridge, Ontario facility and a new China Hydrogen Innovation Center and Manufacturing facility in Changzhou, China.
These facilities will support the development of GFI-branded fuel system components for hydrogen, CNG, and RNG strategies, and enhance manufacturing capacity, particularly in China, which is cited as the largest hydrogen transportation market.
Initial products were shipped to customers in December 2025, with both facilities continuing to ramp up capacity through the first quarter of 2026.

Jan 20, 2026, 11:00 AM

6-K

Westport Announces Production Start at New and Expanded Facilities

WPRT

New Projects/Investments

Westport Fuel Systems (WPRT) has commenced production at its expanded Cambridge, Ontario facility and a new China Hydrogen Innovation Center and Manufacturing facility in Changzhou, China.
These facilities will support the development of GFI-branded fuel system components for hydrogen, CNG, and RNG strategies, and enable local manufacturing capacity in China.
Initial product shipments to customers occurred in December 2025, with both facilities continuing to ramp up capacity through the first quarter of 2026.
The new China facility aims to capitalize on China's position as the world's largest hydrogen transportation market, which achieved close to 50% of global sales in the first half of 2025.

Jan 19, 2026, 11:30 AM

Press Release

Westport Fuel Systems Reports Q3 2025 Results, Highlights Strategic Transformation and Sospira Growth

WPRT

Earnings

Guidance Update

New Projects/Investments

Westport Fuel Systems reported Q3 2025 revenue of $1.6 million and a net loss from continuing operations of $10.4 million, with Adjusted EBITDA at negative $5.9 million, primarily reflecting the expected impact of the light-duty business divestiture.
The company's joint venture, Sospira, generated $19.3 million in revenue in Q3 2025, an increase of 19% year-over-year, and Westport made $11 million in capital contributions to Sospira during the quarter.
Westport ended Q3 2025 with a strengthened balance sheet, holding $33.1 million in cash and cash equivalents and $3.9 million in outstanding debt.
Looking ahead, Westport plans significant cost reductions in 2026, including a 60% decrease in CapEx and a 15% decrease in SG&A.

Nov 11, 2025, 2:00 PM

Transcript

Westport Fuel Systems Reports Q3 2025 Financial and Operational Results

WPRT

Earnings

New Projects/Investments

CFO Change

Westport Fuel Systems reported Q3 2025 revenue of $1.6 million, a decline from $4.9 million in Q3 2024, primarily due to the conclusion of a transitional service agreement and the divestiture of the light-duty business.
The company's Sospira joint venture saw revenue increase 19% to $19.3 million in Q3 2025 and added a second OEM customer for a truck trial involving several hundred sets of HPDI components.
Westport ended Q3 2025 with $33.1 million in cash and $3.9 million in debt, and plans to reduce CapEx by 60% and SG&A by 15% in 2026.
Elizabeth Owens was appointed as the new Chief Financial Officer for Westport Fuel Systems.

Nov 11, 2025, 2:00 PM

Transcript

Westport Fuel Systems Reports Q3 2025 Results Amid Strategic Transformation

WPRT

Earnings

New Projects/Investments

M&A

Westport Fuel Systems reported $1.6 million in revenue for Q3 2025, an expected decline from $4.9 million in Q3 2024 due to the light-duty business divestiture and the conclusion of a transitional service agreement. The company recorded an adjusted EBITDA of negative $5.9 million and a net loss from continuing operations of $10.4 million for the quarter.
The Sospira joint venture, central to Westport's growth strategy, saw its revenue increase by 19% year-over-year to $19.3 million in Q3 2025 and secured a second OEM customer for a truck trial. This aligns with Westport's strategic transformation to focus on heavy-duty and alternative fuel systems following the light-duty segment divestiture.
Westport strengthened its financial foundation, ending Q3 2025 with $33.1 million in cash and $3.9 million in debt. The company plans further cost reductions, including projected decreases of 60% in CapEx and 15% in SG&A in 2026.

Nov 11, 2025, 2:00 PM

Transcript

Westport Fuel Systems Reports Q3 2025 Financial Results

WPRT

Earnings

M&A

New Projects/Investments

Westport Fuel Systems Inc. reported Q3 2025 revenues of $1.6 million, an expected decline from $4.9 million in Q3 2024, primarily due to the divestiture of its Light-Duty segment.
The company achieved a significantly stronger gross margin of 31% in Q3 2025, up from 14% in Q3 2024, driven by higher margin engineering services revenue.
Net loss from continuing operations was $10.4 million for Q3 2025, and Adjusted EBITDA was negative $5.9 million, impacted by the Light-Duty segment divestiture, foreign exchange, and relocation costs.
Westport strengthened its financial position, ending Q3 2025 with $33.1 million in cash and cash equivalents and less than $4 million in debt, following the completion of the Light-Duty segment sale which generated $26.0 million in proceeds.

Nov 10, 2025, 10:32 PM

6-K

Westport Fuel Systems Inc. Reports Q3 2025 Results with Significant Revenue Decline and Going Concern Warning

WPRT

Earnings

Profit Warning

Demand Weakening

Westport Fuel Systems Inc. reported a net loss of $13.7 million for the three months ended September 30, 2025, and $50.5 million for the nine months ended September 30, 2025.
Revenue from continuing operations for the three months ended September 30, 2025, decreased by 68% to $1.6 million compared to the prior year, primarily due to the conclusion of the Heavy-Duty OEM segment's transitional service agreement with Cespira.
Management has raised substantial doubt about Westport's ability to continue as a going concern for the next twelve months, as current cash and cash equivalents are projected to be insufficient to fund operations.
The company completed the sale of its Light-Duty segment on July 29, 2025, receiving $26.0 million in cash from the sale during the third quarter of 2025.

Nov 10, 2025, 10:29 PM

6-K

Westport reports Q3 2025 financial results

WPRT

Earnings

M&A

New Projects/Investments

Westport Fuel Systems reported consolidated revenue from continuing operations of $1.6 million in Q3 2025, a decrease from $4.9 million in Q3 2024, leading to a net loss from continuing operations of $10.4 million and an Adjusted EBITDA of negative $5.9 million for the quarter.
The company completed the Light-Duty segment divestiture on July 29, 2025, which generated $26.0 million in cash and contributed to a significant improvement in gross margin for continuing operations to 31% in Q3 2025 from 14% in Q3 2024.
Cash and cash equivalents increased to $33.1 million by the end of Q3 2025. The Cespira joint venture reported revenue of $19.3 million in Q3 2025, an increase from $16.2 million in Q3 2024, but incurred a loss of $6.0 million as it scales operations.