Ballard Power Systems Inc. (BLDP) Revenue (2009 - 2025)

Ballard Power Systems (BLDP) posted quarterly Revenue of $33.6 million for Q4 2025, up 37.19% YoY from $24.5 million in Q4 2024, and up 3.5% sequentially from $32.5 million in Q3 2025.

Ballard Power Systems Inc. (BLDP) Revenue (2009 - 2025) Analysis & Trends

Ballard Power Systems has disclosed Revenue across 17 years of filings, most recently posting $33.6 million for 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 grew to $33.6 million in Q4 2025, 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.
  • The 5-year median for Revenue is $19.7 million (2022), against an average of $21.1 million.
  • Annual changes were most pronounced in 2021 — Revenue slumped 99.52% — and 2022, when it soared 13333.33%.
  • A 5-year view of Revenue shows it 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 slumped by 47.55% to $24.5 million in 2024, then soared by 37.19% to $33.6 million in 2025.
  • According to Business Quant data, Revenue over the past three periods registered $33.6 million, $32.5 million, and $17.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

Historic Data

Download Data
DateValue
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 21.20 Mn
Sep 30, 2022 21.34 Mn
Jun 30, 2022 20.93 Mn
Mar 31, 2022 21.05 Mn
Dec 31, 2021 30.70 Mn
Sep 30, 2021 25.22 Mn
Jun 30, 2021 24.96 Mn
Mar 31, 2021 17.62 Mn