Ballard Power Systems Inc. (BLDP) stock
BLDPNasdaqElectrical Industrial ApparatusFiscal year ends December 31
$1.40+0.00 (0.00%)
Close on Nov 13, 2026Market cap $421.10MP/E –Yield –
Ballard Power Systems r&d expenses
Research and development expenses are spending on new products and technology.
For fiscal 2025 it was $58.74M, down 37.8% from the year before. The highest annual figure on record is $98.31M in fiscal 2023.
Annual r&d expenses
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $58.74M | -37.8% |
| FY2024 | Dec 31, 2024 | $94.49M | -3.9% |
| FY2023 | Dec 31, 2023 | $98.31M | +9.6% |
| FY2022 | Dec 31, 2022 | $89.72M | +44.3% |
| FY2021 | Dec 31, 2021 | $62.16M | +75.0% |
| FY2020 | Dec 31, 2020 | $35.52M | +40.6% |
| FY2019 | Dec 31, 2019 | $25.26M | -6.6% |
| FY2018 | Dec 31, 2018 | $27.04M | +8.1% |
| FY2017 | Dec 31, 2017 | $25.02M | +26.2% |
| FY2016 | Dec 31, 2016 | $19.83M | – |
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