Ballard Power Systems R&D spend
Ballard Power Systems Inc. · BLDP (TSX) · Burnaby, BC · Clean Technology
Latest R&D (CAD)
$82.1M
Period ended 2025-12-31
Revenue (CAD)
$138.9M
59.1% of revenue · scale $106.8M
R&D by fiscal period
2025
$82.1M
2024
$129.4M
2023
$132.7M
2022
$116.7M
2021
$77.9M
2020
$47.6M
2019
$33.5M
2018
$35.0M
| Period end | R&D (CAD) | Revenue (CAD) | Native R&D | Form | Source |
|---|---|---|---|---|---|
| 2025-12-31 | $82,108,170 | $138,899,386 | $58,741,000 USD | 40-F | SEC EDGAR |
| 2024-12-31 | $129,437,881 | $95,517,524 | $94,494,000 USD | 40-F | SEC EDGAR |
| 2023-12-31 | $132,683,608 | $138,166,090 | $98,306,000 USD | 40-F | SEC EDGAR |
| 2022-12-31 | $116,746,129 | $106,524,418 | $89,715,000 USD | 40-F | SEC EDGAR |
| 2021-12-31 | $77,920,067 | $130,997,018 | $62,162,000 USD | 40-F | SEC EDGAR |
| 2020-12-31 | $47,648,739 | $139,350,996 | $35,519,000 USD | 40-F | SEC EDGAR |
| 2019-12-31 | $33,516,167 | $140,283,849 | $25,259,000 USD | 40-F | SEC EDGAR |
| 2018-12-31 | $35,034,432 | $125,146,480 | $27,039,000 USD | 40-F | SEC EDGAR |