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.

• Cost of Revenue for Q4 2025 came in at $28.0 million, up 1.04% year-over-year; the trailing twelve-month figure through Dec 2025 was $93.9 million (up 2.39% YoY), and the FY2025 annual result was $93.9 million, up 2.39% from the prior year.
• Cost of Revenue improved to $28.0 million in Q4 2025 per BLDP's latest filing, 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 $324000.0 in Q2 2022.
• A 5-year average of $23.6 million and a median of $21.8 million in 2021 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue tumbled 98.47% in 2022, then soared 5608.64% in 2023.
• A 5-year view of Cost of Revenue shows it stood at $31.9 million in 2021, then slipped by 22.75% to $24.7 million in 2022, then surged by 130.72% to $56.9 million in 2023, then tumbled by 51.25% to $27.7 million in 2024, then rose by 1.04% to $28.0 million in 2025.
• Business Quant data shows BLDP's Cost of Revenue at $28.0 million in Q4 2025, $27.5 million in Q3 2025, and $19.3 million in Q2 2025.