Ballard Power Systems (BLDP) Research & Development (2009 - 2026)

Ballard Power Systems (BLDP) has reported Research & Development for 18 consecutive years, with $10.4 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Research & Development fell 42.95% year-over-year to $10.4 million in Q2 2026; TTM through Jun 2026 was $42.2 million, a 47.22% decrease from a year earlier, with the FY2025 full-year figure at $58.7 million, down 37.84% from the prior year.
• Research & Development was $10.4 million for Q2 2026 at Ballard Power Systems, up from $9.4 million in the prior quarter.
• Over five years, Research & Development peaked at $26.6 million in Q2 2022 and troughed at $9.4 million in Q1 2026.
• A 5-year average of $20.1 million and a median of $22.4 million in 2022 frame the typical range for Research & Development.
• Across the five-year window, Research & Development soared 92.54% in 2022 and slumped 51.47% in 2025, its largest moves.
• Over 5 years, Research & Development stood at $16.7 million in 2022, then jumped by 46.4% to $24.5 million in 2023, then decreased by 18.6% to $19.9 million in 2024, then tumbled by 45.06% to $10.9 million in 2025, then decreased by 5.19% to $10.4 million in 2026.
• The last three Research & Development figures came in at $10.4 million (Q2 2026), $9.4 million (Q1 2026), and $10.9 million (Q4 2025), per Business Quant data.