Ballard Power Systems (BLDP) Free Cash Flow (2009 - 2025)

Ballard Power Systems (BLDP) has 17 years of Free Cash Flow data on file, last reported at -$4.5 million in Q4 2025.

• Free Cash Flow for Q4 2025 came in at -$4.5 million, up 79.25% year-over-year; the trailing twelve-month figure through Dec 2025 was -$66.0 million (up 22.44% YoY), and the FY2025 annual result was $46.4 million, down 43.64% from the prior year.
• Free Cash Flow advanced to -$4.5 million in Q4 2025 per BLDP's latest filing, from -$21.5 million in the prior quarter.
• Over five years, Free Cash Flow peaked at $37.0 million in Q3 2022 and troughed at -$37.8 million in Q1 2022.
• A 5-year average of -$12.0 million and a median of -$17.4 million in 2021 frame the typical range for Free Cash Flow.
• On a YoY basis, Free Cash Flow climbed as much as 401.38% in 2022 and fell as far as 208.6% in 2022.
• A 5-year view of Free Cash Flow shows it stood at $35.8 million in 2021, then slumped by 189.29% to -$32.0 million in 2022, then soared by 203.23% to $33.0 million in 2023, then plunged by 165.79% to -$21.7 million in 2024, then jumped by 79.25% to -$4.5 million in 2025.
• Business Quant data shows BLDP's Free Cash Flow at -$4.5 million in Q4 2025, -$21.5 million in Q3 2025, and -$18.1 million in Q2 2025.