Ballard Power Systems (BLDP) Operating Expenses (2009 - 2025)

Ballard Power Systems (BLDP) has 17 years of Operating Expenses data on file, last reported at $16.9 million in Q4 2025.

• Operating Expenses for Q4 2025 came in at $16.9 million, down 49.01% year-over-year; the trailing twelve-month figure through Dec 2025 was $109.0 million (down 32.45% YoY), and the FY2025 annual result was $108.9 million, down 32.49% from the prior year.
• Operating Expenses retreated to $16.9 million in Q4 2025 per BLDP's latest filing, from $34.9 million in the prior quarter.
• Over five years, Operating Expenses peaked at $161.3 million in Q4 2023 and troughed at $16.9 million in Q4 2025.
• A 5-year average of $38.7 million and a median of $33.9 million in 2023 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2023 and 2024: Operating Expenses soared 593.61% in 2023, then sank 79.45% in 2024.
• A 5-year view of Operating Expenses shows it stood at $32.3 million in 2021, then fell by 28.02% to $23.3 million in 2022, then soared by 593.61% to $161.3 million in 2023, then slumped by 79.45% to $33.1 million in 2024, then plunged by 49.01% to $16.9 million in 2025.
• Business Quant data shows BLDP's Operating Expenses at $16.9 million in Q4 2025, $34.9 million in Q3 2025, and $31.7 million in Q2 2025.