Ballard Power Systems annual capital expenditures (capex)
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Ballard Power Systems Capital Expenditures (CapEx) Growth & History (BLDP)
Ballard Power Systems's capital expenditures (capex) was $9.8M for fiscal 2025.
View full Ballard Power Systems company overviewBallard Power Systems annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $9.8M | −$16.0M | −61.92% |
| 2024 | 2024-12-31 | $25.8M | −$15.4M | −37.28% |
| 2023 | 2023-12-31 | $41.2M | $7.3M | +21.46% |
| 2022 | 2022-12-31 | $33.9M | $20.8M | +157.88% |
| 2021 | 2021-12-31 | $13.2M | $538,000 | +4.26% |
| 2020 | 2020-12-31 | $12.6M | −$1.3M | −9.43% |
| 2019 | 2019-12-31 | $13.9M | $4.1M | +41.40% |
| 2018 | 2018-12-31 | $9.9M | $6.8M | +221.19% |
| 2017 | 2017-12-31 | $3.1M | $290,000 | +10.44% |
| 2016 | 2016-12-31 | $2.8M | — | — |
Ballard Power Systems quarterly capital expenditures (capex)
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $835,000 | −$1.5M | −64.32% |
| Q1 2026 | 2026-03-31 | $589,000 | — | — |
| Q4 2025 | 2025-12-31 | $3.8M | — | — |
| Q3 2025 | 2025-09-30 | $1.4M | — | — |
| Q2 2025 | 2025-06-30 | $2.3M | — | — |
Ballard Power Systems capital expenditures (capex) trends
Over the last five fiscal years, Ballard Power Systems's capital expenditures (capex) decreased from $12.6M to $9.8M, a change of −$2.8M. The latest reported quarter, Q2 2026, shows $835,000.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Ballard Power Systems source filings ↗