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

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.