Ballard Power Systems Inc. (TSX:BLDP)

Ballard Power Systems Revenue

Ballard Power Systems had revenue of $20.60M USD in the quarter ending June 30, 2026, with 15.45% growth. This brings the company's total for the last twelve months to $106.16M, up 46.41% year-over-year. In the year 2025, Ballard Power Systems had annual revenue of $99.37M with 42.50% growth. That makes Ballard Power Systems the 22,092nd largest company in the world by revenue and 417th in Canada.

• Revenue (ttm): $106.16M
• Revenue Growth: +46.41%
• P/S Ratio: 4.68
• Revenue / Employee: $215.77K
• Employees: 492
• Market Cap: 705.69M CAD

Revenue Chart

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* This company reports financials in USD.

Revenue by Geography

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• United States 32.28M 32.5%
• Poland 21.57M 21.7%
• Canada 17.89M 18.0%
• Germany 8.41M 8.5%
• United Kingdom 8.20M 8.3%
• Egypt 3.51M 3.5%
• Rest of World 2.24M 2.3%
• Other 5.27M 5.3%

Fiscal year ended Dec 31, 2025 See the full Ballard Power Systems breakdown

Revenue History

Fiscal Year End	Revenue	Change	Growth
Dec 31, 2025	99.37M	29.64M	42.50%
Dec 31, 2024	69.73M	-32.64M	-31.88%
Dec 31, 2023	102.37M	20.51M	25.05%
Dec 31, 2022	81.86M	-22.65M	-21.67%
Dec 31, 2021	104.51M	628.00K	0.60%
Dec 31, 2020	103.88M	-1.85M	-1.75%
Dec 31, 2019	105.72M	9.14M	9.46%
Dec 31, 2018	96.59M	-24.70M	-20.37%
Dec 31, 2017	121.29M	36.02M	42.24%
Dec 31, 2016	85.27M	28.81M	51.02%
Dec 31, 2015	56.46M	-12.26M	-17.84%
Dec 31, 2014	68.72M	7.47M	12.20%
Dec 31, 2013	61.25M	-	-

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: Jul 31, 2026

Revenue data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company. Revenue geography data is provided by S&P Global Market Intelligence.

Update frequency:

Quarterly

Last checked:

Oct 26, 2026

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