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.

• On a quarterly basis, Operating Expenses fell 49.01% year-over-year to $16.9 million in Q4 2025; TTM through Dec 2025 was $109.0 million, a 32.45% decrease from a year earlier, with the FY2025 full-year figure at $108.9 million, down 32.49% from the prior year.
• Operating Expenses for Q4 2025 stood at $16.9 million, down from $34.9 million in the prior quarter.
• Over the last five years, Operating Expenses for BLDP reached as high as $161.3 million in Q4 2023 and fell as low as $159000.0 in Q4 2021.
• Historically, Operating Expenses has averaged $37.1 million across 5 years, with a median of $33.9 million in 2023.
• Across the five-year window, Operating Expenses sank 99.19% in 2021 and surged 14525.79% in 2022, its largest moves.
• Year by year, Operating Expenses stood at $159000.0 in 2021, then jumped by 14525.79% to $23.3 million in 2022, then soared by 593.61% to $161.3 million in 2023, then tumbled by 79.45% to $33.1 million in 2024, then sank by 49.01% to $16.9 million in 2025.
• Per Business Quant data, the three most recent Operating Expenses figures were $16.9 million in Q4 2025, $34.9 million in Q3 2025, and $31.7 million in Q2 2025.