Ballard Power Systems BLDP
NASDAQ BLDP
$2.17 -0.01 (-0.46%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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