Ballard Power Systems (BLDP) Cost of Revenue (2009 - 2025)

Ballard Power Systems (BLDP) has 17 years of Cost of Revenue data on file, last reported at $28.0 million in Q4 2025.

• On a quarterly basis, Cost of Revenue rose 1.04% year-over-year to $28.0 million in Q4 2025; TTM through Dec 2025 was $93.9 million, a 2.39% increase from a year earlier, with the FY2025 full-year figure at $93.9 million, up 2.39% from the prior year.
• Cost of Revenue for Q4 2025 stood at $28.0 million, up from $27.5 million in the prior quarter.
• Over the last five years, Cost of Revenue for BLDP reached as high as $56.9 million in Q4 2023 and fell as low as $15.0 million in Q1 2021.
• Historically, Cost of Revenue has averaged $24.8 million across 5 years, with a median of $22.7 million in 2021.
• Across the five-year window, Cost of Revenue soared 130.72% in 2023 and tumbled 51.25% in 2024, its largest moves.
• Year by year, Cost of Revenue stood at $31.9 million in 2021, then fell by 22.75% to $24.7 million in 2022, then surged by 130.72% to $56.9 million in 2023, then plunged by 51.25% to $27.7 million in 2024, then climbed by 1.04% to $28.0 million in 2025.
• Per Business Quant data, the three most recent Cost of Revenue figures were $28.0 million in Q4 2025, $27.5 million in Q3 2025, and $19.3 million in Q2 2025.