Westport Fuel Systems Inc. reported a net loss of $11.4 million for Q2 2026, driven by equity losses from its Cespira joint venture and non-cash warrant liability adjustments. Consolidated revenue fell 78% to $2.7 million due to the end of a transitional service agreement with Volvo Group's Cespira JV, though Cespira itself saw 125% revenue growth to $27.1 million. The company completed a private placement raising approximately US$10 million in June and holds $23.9 million in cash. Management stated that current liquidity is insufficient to fund operations for the next twelve months, creating substantial doubt about its ability to continue as a going concern. Westport designs and manufactures alternative fuel technologies, including natural gas and hydrogen systems, for commercial transportation.
