Growth Metrics

Ballard Power Systems (BLDP) EBITDA (2016 - 2025)

Ballard Power Systems has reported EBITDA over the past 17 years, most recently at $11.6 million for Q4 2025.

  • Quarterly EBITDA fell 67.78% to $11.6 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was -$80.6 million through Dec 2025, down 135.79% year-over-year, with the annual reading at -$100.9 million for FY2025, 160.02% down from the prior year.
  • EBITDA was $11.6 million for Q4 2025 at Ballard Power Systems, up from -$29.9 million in the prior quarter.
  • Over five years, EBITDA peaked at $168.1 million in Q4 2023 and troughed at -$63.1 million in Q3 2024.
  • The 5-year median for EBITDA is $26.5 million (2021), against an average of $19.4 million.
  • Year-over-year, EBITDA soared 397.72% in 2021 and then plummeted 274.19% in 2024.
  • 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 skyrocketed by 262.5% to $168.1 million in 2023, then plummeted by 78.59% to $36.0 million in 2024, then tumbled by 67.78% to $11.6 million in 2025.
  • Per Business Quant, the three most recent readings for BLDP's EBITDA are $11.6 million (Q4 2025), -$29.9 million (Q3 2025), and -$33.2 million (Q2 2025).