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Ballard Power Systems (BLDP) Research & Development (2016 - 2025)

Ballard Power Systems has reported Research & Development over the past 17 years, most recently at $10.9 million for Q4 2025.

  • Quarterly Research & Development fell 45.06% to $10.9 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $58.7 million through Dec 2025, down 37.84% year-over-year, with the annual reading at $58.7 million for FY2025, 37.84% down from the prior year.
  • Research & Development was $10.9 million for Q4 2025 at Ballard Power Systems, down from $11.5 million in the prior quarter.
  • Over five years, Research & Development peaked at $26.6 million in Q2 2022 and troughed at $10.9 million in Q4 2025.
  • The 5-year median for Research & Development is $20.5 million (2022), against an average of $20.2 million.
  • Year-over-year, Research & Development soared 118.95% in 2021 and then plummeted 51.47% in 2025.
  • A 5-year view of Research & Development shows it stood at $19.9 million in 2021, then dropped by 15.92% to $16.7 million in 2022, then surged by 46.4% to $24.5 million in 2023, then fell by 18.6% to $19.9 million in 2024, then plummeted by 45.06% to $10.9 million in 2025.
  • Per Business Quant, the three most recent readings for BLDP's Research & Development are $10.9 million (Q4 2025), $11.5 million (Q3 2025), and $18.2 million (Q2 2025).