Makes fuel cells for vehicles and power generation.
Dec 2025Revenue $99.4M/yrExpenses $203M/yr
No trendCash runway ≈ 8.0 years from Dec 2025
Figures by year
When will Ballard Power Systems be profitable?
Its figures don’t show a steady enough trend to project a date. In the 12 months to Dec 2025, revenue was $99.4M and expenses $203M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $99.4M | $203M | −$103M |
| Dec 2024 | $69.7M | $253M | −$183M |
| Dec 2023 | $102M | $265M | −$163M |
| Dec 2022 | $81.9M | $227M | −$145M |
| Dec 2021 | $105M | $193M | −$88.1M |
| Dec 2020 | $104M | $144M | −$39.8M |
| Dec 2019 | $106M | $131M | −$25.4M |
| Dec 2018 | $96.6M | $117M | −$20.8M |
| Dec 2017 | $121M | $126M | −$4.88M |
| Dec 2016 | $85.3M | $103M | −$18.1M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.