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Ratios

Ballard Power Systems (BLDP) Cost of Revenue (2016 - 2025)

Ballard Power Systems has reported Cost of Revenue over the past 17 years, most recently at $28.0 million for Q4 2025.

  • Quarterly Cost of Revenue rose 1.04% to $28.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $93.9 million through Dec 2025, up 2.39% year-over-year, with the annual reading at $93.9 million for FY2025, 2.39% up from the prior year.
  • Cost of Revenue was $28.0 million for Q4 2025 at Ballard Power Systems, up from $27.5 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $56.9 million in Q4 2023 and troughed at $15.0 million in Q1 2021.
  • The 5-year median for Cost of Revenue is $22.7 million (2021), against an average of $24.8 million.
  • Year-over-year, Cost of Revenue surged 130.72% in 2023 and then plummeted 51.25% in 2024.
  • A 5-year view of Cost of Revenue shows it 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 plummeted by 51.25% to $27.7 million in 2024, then rose by 1.04% to $28.0 million in 2025.
  • Per Business Quant, the three most recent readings for BLDP's Cost of Revenue are $28.0 million (Q4 2025), $27.5 million (Q3 2025), and $19.3 million (Q2 2025).