Growth Metrics

Ballard Power Systems (BLDP) Capital Expenditures (2016 - 2025)

Ballard Power Systems has reported Capital Expenditures over the past 17 years, most recently at $15.9 million for Q4 2025.

  • Quarterly Capital Expenditures fell 65.51% to $15.9 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $9.8 million through Dec 2025, down 61.92% year-over-year, with the annual reading at $9.8 million for FY2025, 61.92% down from the prior year.
  • Capital Expenditures was $15.9 million for Q4 2025 at Ballard Power Systems, up from -$1.4 million in the prior quarter.
  • Over five years, Capital Expenditures peaked at $75.1 million in Q4 2023 and troughed at -$15.3 million in Q2 2023.
  • The 5-year median for Capital Expenditures is -$3.0 million (2021), against an average of $4.9 million.
  • The largest YoY upside for Capital Expenditures was 1137.46% in 2022 against a maximum downside of 266.18% in 2022.
  • A 5-year view of Capital Expenditures shows it stood at -$5.1 million in 2021, then surged by 1137.46% to $53.2 million in 2022, then soared by 41.21% to $75.1 million in 2023, then crashed by 38.57% to $46.1 million in 2024, then crashed by 65.51% to $15.9 million in 2025.
  • Per Business Quant, the three most recent readings for BLDP's Capital Expenditures are $15.9 million (Q4 2025), -$1.4 million (Q3 2025), and -$2.2 million (Q2 2025).