Westport Fuel Systems Posts 43% Revenue Decline, Completes $60M Light-Duty Sale
Westport Fuel Systems reported 2025 revenues of $23.3 million, down 43%, a $29.6 million net loss and $17.3 million adjusted EBITDA deficit, ending the year with $27.2 million in cash. The company completed a $60 million Light-Duty divestiture with a $6.5 million payment, opening production facilities in China and Canada.
1. 2025 Financial Performance
Westport Fuel Systems recorded 2025 revenues of $23.3 million, a 43% decrease from the prior year. The company posted a $29.6 million net loss and a $17.3 million adjusted EBITDA deficit, but ended the period with $27.2 million in cash and very low debt.
2. Light-Duty Divestiture and Cash Position
On July 29, 2025, Westport sold its Light-Duty segment for $60.0 million and received a $6.5 million payment, bolstering liquidity. This divestiture sharpened strategic focus and contributed to the year-end cash balance of $27.2 million.
3. Cespira HPDI Traction and OEM Engagement
Cespira secured a contract to supply HPDI components for a truck trial with a leading OEM, assessing future commercialization. Field testing of Westport’s proprietary high-pressure CNG storage solution for HPDI systems is scheduled to begin in 2026.
4. Global Manufacturing Expansion
Westport’s GFI branded High Pressure Controls business launched production facilities in China and Canada during the second half of 2025. Localizing manufacturing in key commercial vehicle markets aims to reduce costs and improve competitiveness.