Ballard Power Systems annual operating expenses
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Ballard Power Systems Operating Expenses Growth & History (BLDP)
Ballard Power Systems's operating expenses was $108.9M for fiscal 2025.
View full Ballard Power Systems company overviewBallard Power Systems annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $108.9M | −$52.4M | −32.48% |
| 2024 | 2024-12-31 | $161.3M | $20.2M | +14.35% |
| 2023 | 2023-12-31 | $141.1M | $9.1M | +6.86% |
| 2022 | 2022-12-31 | $132.0M | $29.9M | +29.28% |
| 2021 | 2021-12-31 | $102.1M | $41.4M | +68.11% |
| 2020 | 2020-12-31 | $60.7M | $13.0M | +27.12% |
| 2019 | 2019-12-31 | $47.8M | −$2.7M | −5.33% |
| 2018 | 2018-12-31 | $50.5M | $4.0M | +8.60% |
| 2017 | 2017-12-31 | $46.5M | $4.2M | +10.00% |
| 2016 | 2016-12-31 | $42.3M | — | — |
Ballard Power Systems quarterly operating expenses
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $16.8M | −$8.6M | −33.94% |
| Q1 2026 | 2026-03-31 | $15.8M | — | — |
| Q4 2025 | 2025-12-31 | $17.4M | — | — |
| Q3 2025 | 2025-09-30 | $17.2M | — | — |
| Q2 2025 | 2025-06-30 | $25.4M | — | — |
Ballard Power Systems operating expenses trends
Over the last five fiscal years, Ballard Power Systems's operating expenses increased from $60.7M to $108.9M, a change of $48.2M. The latest reported quarter, Q2 2026, shows $16.8M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income 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 ↗