Ballard Power Systems (BLDP) Free Cash Flow (2009 - 2026)
Ballard Power Systems' (BLDP) quarterly Free Cash Flow came in at -$19.5 million in Q2 2026, down 7.74% year-over-year from -$21.1 million in Q2 2025, and down 169.99% quarter-over-quarter from -$7.2 million in Q1 2026.
Analysis
Ballard Power Systems (BLDP) Free Cash Flow (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Free Cash Flow for 18 consecutive years, with -$19.5 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Free Cash Flow fell 7.74% year-over-year to -$19.5 million in Q2 2026; TTM through Jun 2026 was -$33.0 million, a 106.03% decrease from a year earlier, with the FY2025 full-year figure at -$46.3 million, up 43.68% from the prior year.
- Free Cash Flow was -$19.5 million for Q2 2026 at Ballard Power Systems, down from -$7.2 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $751.9 million in Q4 2023 and troughed at -$37.8 million in Q1 2022.
- A 5-year average of $67.3 million and a median of -$17.8 million in 2024 frame the typical range for Free Cash Flow.
- Across the five-year window, Free Cash Flow slumped 208.6% in 2022 and jumped 1995.7% in 2023, its largest moves.
- Over 5 years, Free Cash Flow stood at $35.9 million in 2022, then jumped by 1995.7% to $751.9 million in 2023, then dropped by 19.58% to $604.7 million in 2024, then slumped by 97.48% to $15.2 million in 2025, then tumbled by 228.21% to -$19.5 million in 2026.
- The last three Free Cash Flow figures came in at -$19.5 million (Q2 2026), -$7.2 million (Q1 2026), and $15.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Bloom Energy | 77.91 Bn | 75.27 Bn | 355.57 Mn | 155.97 Mn |
| 2 | Fuelcell Energy | 1.45 Bn | 797.66 Mn | -24.50 Mn | -13.53 Mn |
| 3 | Ballard Power Systems | 652.70 Mn | 147.56 Mn | 4.08 Mn | -19.50 Mn |
| 4 | Sunhydrogen | 114.56 Mn | 114.56 Mn | -45,724.00 | -1.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -19.50 Mn |
| Mar 31, 2026 | -7.22 Mn |
| Dec 31, 2025 | 15.21 Mn |
| Sep 30, 2025 | -21.46 Mn |
| Jun 30, 2025 | -18.10 Mn |
| Mar 31, 2025 | -21.97 Mn |
| Dec 31, 2024 | 604.67 Mn |
| Sep 30, 2024 | -17.51 Mn |
| Jun 30, 2024 | -33.21 Mn |
| Mar 31, 2024 | -12.70 Mn |
| Dec 31, 2023 | 751.87 Mn |
| Sep 30, 2023 | 28.93 Mn |
| Jun 30, 2023 | 43.00 Mn |
| Mar 31, 2023 | -24.92 Mn |
| Dec 31, 2022 | 35.88 Mn |
| Sep 30, 2022 | -23.66 Mn |
| Jun 30, 2022 | -30.29 Mn |
| Mar 31, 2022 | -37.80 Mn |
| Dec 31, 2021 | 35.83 Mn |
| Sep 30, 2021 | -12.26 Mn |