Ballard Power Systems (BLDP) Revenue (2009 - 2026)
Ballard Power Systems' Revenue came in at $20.6 million for the quarter ended Jun 30, 2026, up 15.4% from $17.84 million a year earlier and up 6.1% from the prior quarter.
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Analysis
Ballard Power Systems (BLDP) Revenue (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Ballard Power Systems reported Revenue of $106.16 million, up 46.4% year-over-year; for the year ended Dec 31, 2025, it was $99.37 million, up 42.5% from the prior year.
- Revenue carries a five-year compound annual growth rate of -0.9% (years ended Dec 2020 to Dec 2025).
- Going back by year, Revenue was $69.73 million in the year ended Dec 31, 2024 (-31.9%), $102.37 million in the year ended Dec 31, 2023 (+25.1%), $81.86 million in the year ended Dec 31, 2022 (-21.7%) and $104.51 million in the year ended Dec 31, 2021 (+0.6%).
- The five-year range for quarterly Revenue is $13.24 million (the quarter ended Mar 31, 2023) to $46.75 million (the quarter ended Dec 31, 2023).
- Year-over-year, Revenue has increased for six consecutive quarters, with growth averaging 15.5% over the last eight quarters.
- The fastest year-over-year change in Revenue over five years came in the quarter ended Dec 31, 2023 (growth of 152.2%), and the weakest in the quarter ended Dec 31, 2022 (a decline of 49.5%).
- Business Quant data shows BLDP's Revenue at $19.42 million (quarter ended Mar 31, 2026), $33.64 million (quarter ended Dec 31, 2025) and $32.5 million (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 243.42 Bn | 203.34 Bn | 2.36 Bn | 11.10 Bn |
| 2 | Bloom Energy | 64.86 Bn | 56.65 Bn | 355.57 Mn | 1.07 Bn |
| 3 | First Solar | 18.49 Bn | 9.44 Bn | 605.00 Mn | 1.06 Bn |
| 4 | BWX Technologies | 12.47 Bn | 10.77 Bn | 202.31 Mn | 901.63 Mn |
| 5 | Nextpower | 12.04 Bn | 7.93 Bn | 335.85 Mn | 935.17 Mn |
| 6 | Generac Holdings | 11.40 Bn | 10.23 Bn | 521.81 Mn | 1.17 Bn |
| 7 | EnerSys | 6.16 Bn | 4.36 Bn | 313.36 Mn | 935.64 Mn |
| 8 | Enphase Energy | 4.04 Bn | -817.10 Mn | 175.01 Mn | 291.85 Mn |
| 9 | Mirion Technologies | 3.66 Bn | 1.50 Bn | 133.10 Mn | 266.80 Mn |
| 10 | Ballard Power Systems | 457.74 Mn | -1.63 Bn | 4.08 Mn | 20.60 Mn |
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 | 36.71 Mn |
| Sep 30, 2021 | 25.22 Mn |
API Access
Ballard Power Systems Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=revenue&ticker=BLDP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "ticker": "BLDP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=revenue&ticker=BLDP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();