Ballard Power Systems (BLDP) Revenue (2009 - 2026)
Ballard Power Systems' (BLDP) quarterly Revenue came in at $20.6 million in Q2 2026, up 15.45% year-over-year from $17.8 million in Q2 2025, and up 6.06% quarter-over-quarter from $19.4 million in Q1 2026.
Analysis
Ballard Power Systems (BLDP) Revenue (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Revenue for 18 consecutive years, with $20.6 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Revenue rose 15.45% year-over-year to $20.6 million in Q2 2026; TTM through Jun 2026 was $106.2 million, a 46.41% increase from a year earlier, with the FY2025 full-year figure at $99.4 million, up 42.5% from the prior year.
- Revenue was $20.6 million for Q2 2026 at Ballard Power Systems, up from $19.4 million in the prior quarter.
- Over five years, Revenue peaked at $46.8 million in Q4 2023 and troughed at $13.2 million in Q1 2023.
- A 5-year average of $21.9 million and a median of $20.0 million in 2026 frame the typical range for Revenue.
- Across the five-year window, Revenue surged 13333.33% in 2022 and sank 47.55% in 2024, its largest moves.
- Over 5 years, Revenue stood at $18.5 million in 2022, then surged by 152.19% to $46.8 million in 2023, then sank by 47.55% to $24.5 million in 2024, then surged by 37.19% to $33.6 million in 2025, then plunged by 38.77% to $20.6 million in 2026.
- The last three Revenue figures came in at $20.6 million (Q2 2026), $19.4 million (Q1 2026), and $33.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Bloom Energy | 74.04 Bn | 71.37 Bn | 355.57 Mn | 1.07 Bn |
| 2 | Fuelcell Energy | 33.44 Bn | 32.78 Bn | -24.50 Mn | 33.00 Mn |
| 3 | Ballard Power Systems | 667.85 Mn | 162.70 Mn | 4.08 Mn | 20.60 Mn |
| 4 | Sunhydrogen | 89.43 Mn | 89.43 Mn | -45,724.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.60 Mn |
| Mar 31, 2026 | 19.42 Mn |
| Dec 31, 2025 | 33.64 Mn |
| Sep 30, 2025 | 32.50 Mn |
| Jun 30, 2025 | 17.84 Mn |
| Mar 31, 2025 | 15.39 Mn |
| Dec 31, 2024 | 24.52 Mn |
| Sep 30, 2024 | 14.76 Mn |
| Jun 30, 2024 | 16.00 Mn |
| Mar 31, 2024 | 14.45 Mn |
| Dec 31, 2023 | 46.75 Mn |
| Sep 30, 2023 | 27.06 Mn |
| Jun 30, 2023 | 15.31 Mn |
| Mar 31, 2023 | 13.24 Mn |
| Dec 31, 2022 | 18.54 Mn |
| Sep 30, 2022 | 21.34 Mn |
| Jun 30, 2022 | 20.93 Mn |
| Mar 31, 2022 | 21.05 Mn |
| Dec 31, 2021 | 138,000.00 |
| Sep 30, 2021 | 25.22 Mn |