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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |