Ballard Power Systems (BLDP) Operating Expenses (2009 - 2026)

Ballard Power Systems (BLDP) has reported Operating Expenses for 18 consecutive years, with $20.9 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses fell 34.01% year-over-year to $20.9 million in Q2 2026; TTM through Jun 2026 was $89.1 million, a 38.61% decrease from a year earlier, with the FY2025 full-year figure at $108.9 million, down 32.48% from the prior year.
• Operating Expenses was $20.9 million for Q2 2026 at Ballard Power Systems, up from $16.4 million in the prior quarter.
• Over five years, Operating Expenses peaked at $54.9 million in Q3 2024 and troughed at $16.4 million in Q1 2026.
• A 5-year average of $32.4 million and a median of $34.8 million in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses jumped 68.7% in 2022 and tumbled 49.05% in 2025, its largest moves.
• Over 5 years, Operating Expenses stood at $23.3 million in 2022, then surged by 50.52% to $35.0 million in 2023, then declined by 5.43% to $33.1 million in 2024, then plunged by 49.05% to $16.9 million in 2025, then increased by 24.06% to $20.9 million in 2026.
• The last three Operating Expenses figures came in at $20.9 million (Q2 2026), $16.4 million (Q1 2026), and $16.9 million (Q4 2025), per Business Quant data.