Higher Deliveries Help Drive Ballard’s Revenue Up 37% YoY in Q4 2025

The company’s net loss reduced 62% YoY

March 17, 2026

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Fuel cell manufacturer Ballard Power Systems’ fourth quarter (Q4) 2025 revenue rose 37% year-over-year (YoY) to $33.6 million from $24.5 million.

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Parth Shukla