Ballard Power Systems (BLDP) EBITDA (2009 - 2025)

Ballard Power Systems (BLDP) has 17 years of EBITDA data on file, last reported at $11.6 million in Q4 2025.

• EBITDA for Q4 2025 came in at $11.6 million, down 97.4% year-over-year; the trailing twelve-month figure through Dec 2025 was -$58.7 million (down 134.94% YoY), and the FY2025 annual result was $100.9 million, down 39.96% from the prior year.
• EBITDA climbed to $11.6 million in Q4 2025 per BLDP's latest filing, from -$27.3 million in the prior quarter.
• Over five years, EBITDA peaked at $445.7 million in Q4 2024 and troughed at -$203.6 million in Q3 2024.
• A 5-year average of $12.3 million and a median of -$20.9 million in 2021 frame the typical range for EBITDA.
• The sharpest annual moves came in 2021 and 2022: EBITDA slumped 366.98% in 2021, then soared 263.88% in 2022.
• A 5-year view of EBITDA shows it stood at $25.5 million in 2021, then surged by 82.01% to $46.4 million in 2022, then jumped by 262.5% to $168.1 million in 2023, then soared by 165.07% to $445.7 million in 2024, then sank by 97.4% to $11.6 million in 2025.
• Business Quant data shows BLDP's EBITDA at $11.6 million in Q4 2025, -$27.3 million in Q3 2025, and -$22.6 million in Q2 2025.