Ballard Power Systems BLDP
NASDAQ BLDP
$2.36 -0.01 (-0.42%)
As of: Sep 9, 2026 · 3:59 PM EDT

Ballard Power Systems (BLDP) EBITDA (2009 - 2026)

Ballard Power Systems' (BLDP) quarterly EBITDA came in at -$58.2 million in Q2 2026, down 75.22% year-over-year from -$234.8 million in Q2 2025, and down 459.63% quarter-over-quarter from $16.2 million in Q1 2026.

Analysis

Ballard Power Systems (BLDP) EBITDA (2009 - 2026) Analysis & Trends

Ballard Power Systems (BLDP) has reported EBITDA for 18 consecutive years, with -$58.2 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, EBITDA fell 75.22% year-over-year to -$58.2 million in Q2 2026; TTM through Jun 2026 was -$47.5 million, a 69.46% increase from a year earlier, with the FY2025 full-year figure at $100.9 million, down 39.97% from the prior year.
  • EBITDA was -$58.2 million for Q2 2026 at Ballard Power Systems, down from $16.2 million in the prior quarter.
  • Over five years, EBITDA peaked at $44.1 million in Q4 2023 and troughed at -$130.9 million in Q3 2024.
  • A 5-year average of -$17555.6 and a median of $26.0 million in 2022 frame the typical range for EBITDA.
  • Across the five-year window, EBITDA soared 195.05% in 2023 and tumbled 461.35% in 2024, its largest moves.
  • Over 5 years, EBITDA stood at -$46.4 million in 2022, then soared by 195.05% to $44.1 million in 2023, then declined by 18.33% to $36.0 million in 2024, then plunged by 32.2% to $24.4 million in 2025, then tumbled by 338.31% to -$58.2 million in 2026.
  • The last three EBITDA figures came in at -$58.2 million (Q2 2026), $16.2 million (Q1 2026), and $24.4 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Bloom Energy 77.62 Bn 74.95 Bn 355.57 Mn 182.24 Mn
2 Fuelcell Energy 35.19 Bn 34.53 Bn -24.50 Mn -46.66 Mn
3 Ballard Power Systems 706.87 Mn 201.72 Mn 4.08 Mn -58.17 Mn
4 Sunhydrogen 93.29 Mn 93.29 Mn -45,724.00 -1.72 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -58.17 Mn
Mar 31, 2026 16.18 Mn
Dec 31, 2025 24.41 Mn
Sep 30, 2025 -29.94 Mn
Jun 30, 2025 -33.20 Mn
Mar 31, 2025 -27.53 Mn
Dec 31, 2024 36.00 Mn
Sep 30, 2024 -130.87 Mn
Jun 30, 2024 35.38 Mn
Mar 31, 2024 -36.64 Mn
Dec 31, 2023 44.08 Mn
Sep 30, 2023 36.22 Mn
Jun 30, 2023 34.22 Mn
Mar 31, 2023 38.28 Mn
Dec 31, 2022 -46.38 Mn
Sep 30, 2022 35.10 Mn
Jun 30, 2022 35.00 Mn
Mar 31, 2022 27.55 Mn
Dec 31, 2021 -25.48 Mn
Sep 30, 2021 23.08 Mn