)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
HydrogenPro (HYPRO) investor relations material
HydrogenPro Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Nov, 2025
Executive summary
Q3 2025 revenue was NOK 35 million, up from NOK 13 million in Q2, mainly from major project deliveries, but down from NOK 72 million in Q3 2024.
Gross margin improved to 55% from 22% in Q2, returning to normalized levels after prior cost provisions.
Cost reduction program completed, reducing headcount from 147 to 89, mainly in China, and lowering annual costs by NOK 40 million.
New Chief Commercial Officer with strong hydrogen sector experience appointed, effective December 2025.
Order backlog decreased to NOK 252 million from NOK 284 million in Q2 and NOK 340 million in Q3 2024.
Financial highlights
Gross profit reached NOK 19 million, with gross margin at 55% in Q3 2025, up from 22% in Q2 and 26% in Q3 2024.
EBITDA was NOK -45 million, an improvement from NOK -48 million in Q2 2025 but lower than NOK -38 million in Q3 2024.
Net loss for Q3 2025 was NOK -54 million, a reduction from NOK -76 million in Q2 2025.
Cash balance increased to NOK 121 million at quarter end, supported by a NOK 70 million equity investment from LONGi Hydrogen.
Backlog at NOK 252 million, down from NOK 284 million in Q2 and NOK 340 million in Q3 2024.
Outlook and guidance
Market growth is slower than expected, with 90% of 2023-2024 COD projects delayed over a year and only 30% of clean hydrogen projects advancing.
Most European project FIDs now targeted for 2026; robust pipeline maintained in India, North Africa, and the Middle East.
Optimism for 2026 based on robust pipeline, regulatory progress, and supportive policies.
India and Middle East seen as key growth markets with lowest green hydrogen production costs.
HydrogenPro is positioned to benefit from technology leadership and strategic partnerships in Europe, India, and the Middle East.
How does Go-To-Market strategy address China cost advantage
What is the current liquidity runway post-Longi investment?
What is the impact of new electrode tech on project costs?
Timeline for new electrode tech commercialization?
India market pricing vs. other regions?
LONGi manufacturing consolidation status?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next HydrogenPro earnings date
Q4 202526 Feb, 2026
Next HydrogenPro earnings date
Q4 202526 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
HydrogenPro designs and supplies large-scale electrolyzers and related systems for industrial hydrogen production. The company focuses on green hydrogen solutions for decarbonization initiatives. The company is headquartered in Oslo, Norway, and its shares are listed on the Oslo Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage