This page shows Westport Fuel Systems Inc (WPRT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
A working-capital unwind and margin repair reduced cash burn, but the business still required meaningful reinvestment.
FY2024 generated operating cash flow of$7.2M despite a-$21.8M net loss, showing that the reported loss no longer captured the full cash behavior of the business. The clearest bridge is working-capital release: versus FY2023, accounts receivable and inventory fell78.7% and90.1% , which likely freed cash faster than the income statement improved and helped keep free cash flow from deteriorating further.
The income statement improved on lower sales: revenue fell to
The company also deleveraged sharply, with long-term debt dropping to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Westport Fuel Systems Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Westport Fuel Systems Inc has an operating margin of -61.0%, meaning the company retains $-61 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -92.7% the prior year.
Westport Fuel Systems Inc's revenue declined 42.7% year-over-year, from $40.7M to $23.3M. This contraction results in a growth score of 0/100.
Westport Fuel Systems Inc carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Westport Fuel Systems Inc's current ratio of 1.93 indicates adequate short-term liquidity, earning a score of 35/100. The company can meet its near-term obligations, though with limited headroom.
While Westport Fuel Systems Inc generated -$14.2M in operating cash flow, capex of $2.7M consumed most of it, leaving -$16.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Westport Fuel Systems Inc generates a -89.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -15.9% the prior year.
Westport Fuel Systems Inc passes 5 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Westport Fuel Systems Inc generates $0.23 in operating cash flow (-$14.2M OCF vs -$61.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Westport Fuel Systems Inc earns $-23.2 in operating income for every $1 of interest expense (-$14.2M vs $613K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Westport Fuel Systems Inc generated $23.3M in revenue in fiscal year 2025. This represents a decrease of 42.7% from the prior year.
Westport Fuel Systems Inc's EBITDA was -$13.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 62.0% from the prior year.
Westport Fuel Systems Inc reported -$61.6M in net income in fiscal year 2025. This represents a decrease of 182.2% from the prior year.
Westport Fuel Systems Inc earned $-3.56 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 182.5% from the prior year.
Cash & Balance Sheet
Westport Fuel Systems Inc generated -$16.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 602.4% from the prior year.
Westport Fuel Systems Inc held $27.2M in cash against $0 in long-term debt as of fiscal year 2025.
Westport Fuel Systems Inc had 17M shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.
Margins & Returns
Westport Fuel Systems Inc's gross margin was 11.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 4.5 percentage points from the prior year.
Westport Fuel Systems Inc's operating margin was -61.0% in fiscal year 2025, reflecting core business profitability. This is up 31.6 percentage points from the prior year.
Westport Fuel Systems Inc's net profit margin was -264.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 210.6 percentage points from the prior year.
Westport Fuel Systems Inc's ROE was -89.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 73.6 percentage points from the prior year.
Capital Allocation
Westport Fuel Systems Inc invested $5.8M in research and development in fiscal year 2025. This represents a decrease of 39.3% from the prior year.
Westport Fuel Systems Inc invested $2.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 29.4% from the prior year.
WPRT Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q4'24 | Q3'24 | Q2'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $1.6M-87.1% | $12.5M | N/A | $4.9M-65.4% | $14.1M | N/A | N/A |
| Cost of Revenue | N/A | $1.1M-90.2% | $11.7M | N/A | $4.2M-64.1% | $11.8M | N/A | N/A |
| Gross Profit | N/A | $472K-43.9% | $842K | N/A | $663K-71.9% | $2.4M | N/A | N/A |
| R&D Expenses | N/A | $2.3M+47.3% | $1.6M | N/A | $628K-81.8% | $3.5M | N/A | N/A |
| SG&A Expenses | N/A | $4.1M+0.6% | $4.1M | N/A | $3.4M-40.3% | $5.7M | N/A | N/A |
| Operating Income | N/A | -$7.7M-663.4% | -$1.0M | N/A | -$2.1M+72.3% | -$7.7M | N/A | N/A |
| Interest Expense | N/A | $142K-14.5% | $166K | N/A | $257K-10.8% | $288K | N/A | N/A |
| Income Tax | N/A | $14K-68.2% | $44K | N/A | $430K+405.9% | $85K | N/A | N/A |
| Net Income | N/A | -$13.7M+60.0% | -$34.3M | N/A | -$3.9M-166.5% | $5.8M | N/A | N/A |
| EPS (Diluted) | N/A | $-0.79+60.1% | $-1.98 | N/A | $-0.22-164.7% | $0.34 | N/A | N/A |
WPRT Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q4'24 | Q3'24 | Q2'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $94.0M-9.7% | $104.1M-61.7% | $272.1M-6.7% | $291.6M | N/A | N/A | $355.7M-12.7% | $407.5M |
| Current Assets | $41.6M-18.2% | $50.8M-77.7% | $228.0M+34.2% | $169.9M | N/A | N/A | $216.8M-21.8% | $277.2M |
| Cash & Equivalents | $27.2M-17.9% | $33.1M+445.8% | $6.1M-58.9% | $14.8M+15.5% | $12.8M-5.2% | $13.5M+10.2% | $12.2M-85.8% | $86.2M |
| Inventory | $3.0M-10.6% | $3.4M+18.9% | $2.9M-57.2% | $6.7M | N/A | N/A | $67.5M-17.3% | $81.6M |
| Accounts Receivable | $10.2M-22.9% | $13.2M-20.4% | $16.6M-11.5% | $18.7M | N/A | N/A | $88.1M-13.3% | $101.6M |
| Goodwill | N/A | N/A | N/A | $2.9M | N/A | N/A | $3.1M+3.7% | $3.0M |
| Total Liabilities | $25.2M+5.6% | $23.9M-85.4% | $163.2M+5.5% | $154.6M | N/A | N/A | $195.3M-4.0% | $203.5M |
| Current Liabilities | $21.5M+1.2% | $21.3M-86.6% | $159.5M+47.1% | $108.4M | N/A | N/A | $134.8M-0.5% | $135.5M |
| Long-Term Debt | $0 | $0-100.0% | $977K-66.7% | $2.9M | N/A | N/A | $31.0M-3.8% | $32.2M |
| Total Equity | $68.8M-14.2% | $80.2M-26.3% | $108.9M-20.5% | $137.0M-8.2% | $149.3M-1.5% | $151.5M-5.6% | $160.4M-21.3% | $204.0M |
| Retained Earnings | -$1.2B-1.0% | -$1.1B-1.2% | -$1.1B-3.4% | -$1.1B | N/A | N/A | -$1.1B-4.9% | -$1.0B |
WPRT Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q4'24 | Q3'24 | Q2'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.5M+199.6% | -$4.5M+20.5% | -$5.6M-126.7% | $21.1M+280.3% | -$11.7M-867.0% | $1.5M | N/A | N/A |
| Capital Expenditures | $784K+52.5% | $514K-37.5% | $822K-49.4% | $1.6M+787.4% | $183K-85.5% | $1.3M | N/A | N/A |
| Free Cash Flow | $3.7M+173.6% | -$5.0M+22.7% | -$6.4M-133.1% | $19.5M+263.9% | -$11.9M-4631.3% | $262K | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
WPRT Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q4'24 | Q3'24 | Q2'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 29.2%+22.4pp | 6.7% | N/A | 13.6%-3.1pp | 16.7% | N/A | N/A |
| Operating Margin | N/A | -476.8%-468.7pp | -8.1% | N/A | -43.9%+10.9pp | -54.9% | N/A | N/A |
| Net Margin | N/A | -848.9%-574.1pp | -274.8% | N/A | -79.3%-120.5pp | 41.2% | N/A | N/A |
| Return on Equity | N/A | -17.1%+14.4pp | -31.5% | N/A | -2.6%-6.4pp | 3.8% | N/A | N/A |
| Return on Assets | N/A | -13.2%-0.6pp | -12.6% | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 1.93-0.5 | 2.39+1.0 | 1.43-0.1 | 1.57 | N/A | N/A | 1.61-0.4 | 2.05 |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.01-0.0 | 0.02 | N/A | N/A | 0.19+0.0 | 0.16 |
| FCF Margin | N/A | -308.0%-256.5pp | -51.6% | N/A | -243.4%-245.3pp | 1.9% | N/A | N/A |
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Frequently Asked Questions
What is Westport Fuel Systems Inc's annual revenue?
Westport Fuel Systems Inc (WPRT) reported $23.3M in total revenue for fiscal year 2025. This represents a -42.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Westport Fuel Systems Inc's revenue growing?
Westport Fuel Systems Inc (WPRT) revenue declined by 42.7% year-over-year, from $40.7M to $23.3M in fiscal year 2025.
Is Westport Fuel Systems Inc profitable?
No, Westport Fuel Systems Inc (WPRT) reported a net income of -$61.6M in fiscal year 2025, with a net profit margin of -264.3%.
What is Westport Fuel Systems Inc's EBITDA?
Westport Fuel Systems Inc (WPRT) had EBITDA of -$13.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Westport Fuel Systems Inc have?
As of fiscal year 2025, Westport Fuel Systems Inc (WPRT) had $27.2M in cash and equivalents against $0 in long-term debt.
What is Westport Fuel Systems Inc's gross margin?
Westport Fuel Systems Inc (WPRT) had a gross margin of 11.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Westport Fuel Systems Inc's operating margin?
Westport Fuel Systems Inc (WPRT) had an operating margin of -61.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Westport Fuel Systems Inc's net profit margin?
Westport Fuel Systems Inc (WPRT) had a net profit margin of -264.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Westport Fuel Systems Inc's return on equity (ROE)?
Westport Fuel Systems Inc (WPRT) has a return on equity of -89.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Westport Fuel Systems Inc's free cash flow?
Westport Fuel Systems Inc (WPRT) generated -$16.9M in free cash flow during fiscal year 2025. This represents a -602.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Westport Fuel Systems Inc's operating cash flow?
Westport Fuel Systems Inc (WPRT) generated -$14.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Westport Fuel Systems Inc's total assets?
Westport Fuel Systems Inc (WPRT) had $94.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Westport Fuel Systems Inc's capital expenditures?
Westport Fuel Systems Inc (WPRT) invested $2.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Westport Fuel Systems Inc spend on research and development?
Westport Fuel Systems Inc (WPRT) invested $5.8M in research and development during fiscal year 2025.
What is Westport Fuel Systems Inc's current ratio?
Westport Fuel Systems Inc (WPRT) had a current ratio of 1.93 as of fiscal year 2025, which is generally considered healthy.
What is Westport Fuel Systems Inc's debt-to-equity ratio?
Westport Fuel Systems Inc (WPRT) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Westport Fuel Systems Inc's return on assets (ROA)?
Westport Fuel Systems Inc (WPRT) had a return on assets of -65.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Westport Fuel Systems Inc's cash runway?
Based on fiscal year 2025 data, Westport Fuel Systems Inc (WPRT) had $27.2M in cash against an annual operating cash burn of $14.2M. This gives an estimated cash runway of approximately 23 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Westport Fuel Systems Inc's Piotroski F-Score?
Westport Fuel Systems Inc (WPRT) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Westport Fuel Systems Inc's earnings high quality?
Westport Fuel Systems Inc (WPRT) has an earnings quality ratio of 0.23x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Westport Fuel Systems Inc cover its interest payments?
Westport Fuel Systems Inc (WPRT) has an interest coverage ratio of -23.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Westport Fuel Systems Inc?
Westport Fuel Systems Inc (WPRT) scores 22 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.