Ballard Power Systems (BLDP) Revenue (2009 - 2025)
Ballard Power Systems' (BLDP) quarterly Revenue came in at $33.6 million in Q4 2025, up 37.19% year-on-year from $24.5 million in Q4 2024, and up 3.5% on a QoQ basis from $32.5 million in Q3 2025.
Ballard Power Systems (BLDP) Revenue (2009 - 2025) Analysis & Trends
Ballard Power Systems (BLDP) has 17 years of Revenue data on file, last reported at $33.6 million in Q4 2025.
- On a quarterly basis, Revenue rose 37.19% year-over-year to $33.6 million in Q4 2025; TTM through Dec 2025 was $99.4 million, a 42.5% increase from a year earlier, with the FY2025 full-year figure at $99.4 million, up 42.5% from the prior year.
- Revenue for Q4 2025 stood at $33.6 million, up from $32.5 million in the prior quarter.
- Over the last five years, Revenue for BLDP reached as high as $46.8 million in Q4 2023 and fell as low as $138000.0 in Q4 2021.
- Historically, Revenue has averaged $21.1 million across 5 years, with a median of $19.7 million in 2022.
- Across the five-year window, Revenue slumped 99.52% in 2021 and jumped 13333.33% in 2022, its largest moves.
- Year by year, Revenue stood at $138000.0 in 2021, then soared by 13333.33% to $18.5 million in 2022, then soared by 152.19% to $46.8 million in 2023, then sank by 47.55% to $24.5 million in 2024, then soared by 37.19% to $33.6 million in 2025.
- Per Business Quant data, the three most recent Revenue figures were $33.6 million in Q4 2025, $32.5 million in Q3 2025, and $17.8 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 18.05 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 2.65 Bn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 751.05 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 1.52 Bn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 1.24 Bn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 511.00 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 1.20 Bn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 296.62 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 987.94 Mn |
| 10 | Ballard Power Systems | 895.53 Mn | 364.27 Mn | 5.64 Mn | 33.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 17.62 Mn |