Ballard Power Systems Inc. revenue by segment BLDP
Annual
Quarterly
Ballard Power Systems Inc. splits its revenue into 11 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Bus at $50.0 million, 50% of the total.
USD in millions. The percent under a figure is the change from the year before.
| Line |
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2024
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
FY 2021
Dec 31, 2021
|
FY 2020
Dec 31, 2020
|
FY 2019
Dec 31, 2019
|
FY 2018
Dec 31, 2018
|
FY 2017
Dec 31, 2017
|
|---|---|---|---|---|---|---|---|---|---|
| Revenue |
99
|
70
|
102
|
82
|
105
|
104
|
106
|
97
|
121
|
| Heavy Duty Motive |
—
|
—
|
—
|
—
|
52
+8.3%
share 49.4%
|
48
+34.9%
share 45.9%
|
35
-10.4%
share 33.4%
|
39
share 40.9%
|
—
|
| Bus |
50
+70.9%
share 50.3%
|
44
share 63.3%
|
29
share 28.6%
|
25
share 30.4%
|
—
|
—
|
—
|
—
|
—
|
| Technology Solutions |
—
|
—
|
—
|
—
|
36
-19.4%
share 34.9%
|
45
-20.0%
share 43.6%
|
57
+43.1%
share 53.6%
|
40
share 41.0%
|
—
|
| Rail |
25
+33.3%
share 25.6%
|
3
share 3.8%
|
19
share 18.7%
|
5
share 6.2%
|
—
|
—
|
—
|
—
|
—
|
| Emerging Markets And Other |
10
-27.2%
share 10.3%
|
4
share 5.1%
|
14
share 13.7%
|
19
share 23.6%
|
—
|
—
|
—
|
—
|
—
|
| Back Up Power |
—
|
—
|
—
|
—
|
8
+46.6%
share 7.9%
|
6
+87.9%
share 5.4%
|
3
+22.9%
share 2.8%
|
2
share 2.5%
|
—
|
| Stationary |
8
-62.5%
share 8.2%
|
—
|
22
share 21.2%
|
—
|
—
|
—
|
—
|
—
|
—
|
| Material Handling |
—
|
—
|
—
|
—
|
8
+53.3%
share 7.8%
|
5
-50.6%
share 5.1%
|
11
+34.3%
share 10.2%
|
8
share 8.3%
|
—
|
| Marine |
4
-47.0%
share 3.9%
|
3
share 4.1%
|
7
share 7.2%
|
2
share 2.7%
|
—
|
—
|
—
|
—
|
—
|
| Truck |
2
-84.6%
share 1.7%
|
4
share 5.3%
|
11
share 10.7%
|
11
share 14.0%
|
—
|
—
|
—
|
—
|
—
|
| Portable Power |
—
|
—
|
—
|
—
|
—
|
—
|
1
-91.5%
share 0.6%
|
7
share 7.4%
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. More on our methodology.
Company profile
- Industry
- Electrical Industrial Apparatus (SIC 3620)
- Listed as
- BLDP (Nasdaq)
- Fiscal year ends
- December 31
- Headquarters
- Burnaby
- SEC CIK
- 1453015
- Former names
- 7076991 Canada Inc. (until Jan 2, 2009)
Other Electrical Industrial Apparatus companies
- Bloom Energy Corp BE
- Woodward, Inc. WWD
- Forgent Power Solutions, Inc. FPS
- Accelevation Holdings Corp. ACCV
- Plug Power Inc PLUG
- Fuelcell Energy Inc FCEL
- ERock, Inc. EROC
- Graftech International Ltd EAF
Source: SEC EDGAR filings. This is company-reported data, not investment advice.