Ballard Power Systems annual r&d spending
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Ballard Power Systems R&D Spending Growth & History (BLDP)
Ballard Power Systems's r&d spending was $58.7M for fiscal 2025.
View full Ballard Power Systems company overviewBallard Power Systems annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $58.7M | −$35.8M | −37.84% |
| 2024 | 2024-12-31 | $94.5M | −$3.8M | −3.88% |
| 2023 | 2023-12-31 | $98.3M | $8.6M | +9.58% |
| 2022 | 2022-12-31 | $89.7M | $27.6M | +44.32% |
| 2021 | 2021-12-31 | $62.2M | $26.6M | +75.01% |
| 2020 | 2020-12-31 | $35.5M | $10.3M | +40.62% |
| 2019 | 2019-12-31 | $25.3M | −$1.8M | −6.58% |
| 2018 | 2018-12-31 | $27.0M | $2.0M | +8.06% |
| 2017 | 2017-12-31 | $25.0M | $5.2M | +26.20% |
| 2016 | 2016-12-31 | $19.8M | — | — |
Ballard Power Systems quarterly r&d spending
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $10.4M | −$7.8M | −42.95% |
| Q1 2026 | 2026-03-31 | $9.4M | — | — |
| Q4 2025 | 2025-12-31 | $10.9M | — | — |
| Q3 2025 | 2025-09-30 | $11.5M | — | — |
| Q2 2025 | 2025-06-30 | $18.2M | — | — |
Ballard Power Systems r&d spending trends
Over the last five fiscal years, Ballard Power Systems's r&d spending increased from $35.5M to $58.7M, a change of $23.2M. The latest reported quarter, Q2 2026, shows $10.4M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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