Westport Fuel Systems Inc
wfsinc.comWhat Do They Do?
Provides transitional support for Cespira’s heavy-duty fuel-system business and supplies high-pressure components to vehicle and industrial equipment manufacturers.
20-F for FY2025, filed Apr 23, 2026The Heavy-Duty OEM segment represents historical results from our heavy-duty business for the period January 1, 2024, until the formation…View ↗
In June 2024, Westport and Volvo entered into a series of joint venture agreements (collectively, the "JV Agreement"), to establish…View ↗
The High-Pressure Controls segment designs, engineers, manufacturers, and supplies components for transportation and industrial…View ↗
How Do They Make Money?
Westport invoices product sales when customers take ownership of the goods and earns service revenue over time, including transitional support for Cespira.
20-F for FY2025, filed Apr 23, 2026
-
20-F for FY2025, filed Apr 23, 2026
FY2025 revenue by reportable segment ↗
$23.3M
-
20-F for FY2025, filed Apr 23, 2026
$23.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
High-Pressure Controls
Sold outright
20-F for FY2025, filed Apr 23, 2026 |
35% |
High-Pressure Controls, FY2025
$8.3M Sources
|
Sold outright |
|
Heavy-Duty OEM
Recurring
20-F for FY2025, filed Apr 23, 2026 |
65% |
Heavy-Duty OEM, FY2025
$15M Sources
|
Recurring |
Who Are Their Customers?
Vehicle and industrial equipment OEMs buy directly through long supply programs and engineering work; Tier-1 and Tier-2 suppliers buy GFI components for larger propulsion systems.
20-F for FY2025, filed Apr 23, 2026
20-F for FY2025, filed Apr 23, 2026
During the year ended December 31, 2025, the Company had sales to one distributor in Asia that represented approximately 16% of…View ↗
Do Revenues Turn Into Profits?
No. It lost $61.6M in FY2025.
20-F for FY2025, filed Apr 23, 2026
How Are They Changing?
Shrinking. Revenue fell 93% in 4 years, from $312.4M in FY2021 to $23.3M in FY2025, about 48% a year.
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