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.

• On a quarterly basis, EBITDA fell 67.78% year-over-year to $11.6 million in Q4 2025; TTM through Dec 2025 was $123.3 million, a 46.27% decrease from a year earlier, with the FY2025 full-year figure at $100.9 million, down 39.97% from the prior year.
• EBITDA for Q4 2025 stood at $11.6 million, down from $173.9 million in the prior quarter.
• Over the last five years, EBITDA for BLDP reached as high as $200.5 million in Q3 2024 and fell as low as -$42.5 million in Q1 2024.
• Historically, EBITDA has averaged $40.4 million across 5 years, with a median of $34.6 million in 2022.
• Across the five-year window, EBITDA plunged 217.45% in 2021 and jumped 453.91% in 2024, its largest moves.
• Year by year, EBITDA 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 plunged by 78.59% to $36.0 million in 2024, then plunged by 67.78% to $11.6 million in 2025.
• Per Business Quant data, the three most recent EBITDA figures were $11.6 million in Q4 2025, $173.9 million in Q3 2025, and -$33.2 million in Q2 2025.