Ballard Power Systems (BLDP) Revenue (2009 - 2026)
Ballard Power Systems (BLDP) posted quarterly Revenue of $33.6 million for Q4 2025, up 37.19% year-over-year from $24.5 million in Q4 2024, and up 3.5% quarter-over-quarter from $32.5 million in Q3 2025.
Ballard Power Systems (BLDP) Revenue (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Revenue for 17 consecutive years, with $33.6 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Revenue rose 37.19% year-over-year to $33.6 million; the TTM figure through Dec 2025 stood at $99.4 million (up 42.5% YoY), while the FY2025 annual figure was $99.4 million, up 42.5% from the prior year.
- Revenue advanced to $33.6 million in Q4 2025 per BLDP's latest filing, from $32.5 million in the prior quarter.
- Across five years, Revenue topped out at $46.8 million in Q4 2023 and bottomed at $138000.0 in Q4 2021.
- Historically, Revenue has averaged $21.1 million across 5 years, with a median of $19.7 million in 2022.
- Annual changes were most pronounced in 2021 — Revenue plunged 99.52% — and 2022, when it soared 13333.33%.
- Ballard Power Systems' Revenue stood at $138000.0 in 2021, then jumped by 13333.33% to $18.5 million in 2022, then jumped by 152.19% to $46.8 million in 2023, then sank by 47.55% to $24.5 million in 2024, then jumped by 37.19% to $33.6 million in 2025.
- Business Quant data shows BLDP's Revenue at $33.6 million in Q4 2025, $32.5 million in Q3 2025, and $17.8 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 3.27 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 1.07 Bn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 1.47 Bn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 1.71 Bn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 574.10 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 1.20 Bn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 311.74 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 935.64 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 318.38 Mn |
| 10 | Ballard Power Systems | 716.03 Mn | 210.88 Mn | 4.08 Mn | 20.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.60 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 |
| Jun 30, 2021 | 24.96 Mn |