Ballard Power (BLDP) Q3 2025 Earnings Transcript

Ballard Power (BLDP) Q3 2025 Earnings Transcript

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After restructuring, Ballard Power Systems reports strong Q3 2025

Ballard Power Systems’ (TSX:BLDP) revenue doubled to US$32.5 million, driven by strong growth in Heavy Duty Mobility, especially bus and rail deliveries in North America and Europe Gross margin improved to 15 per cent, and operating expenses dropped 36 per cent due to restructuring actions, including workforce reductions and operational consolidation Adjusted EBITDA loss narrowed (to US$31.2 million) from (US$60.1 million), and capital expenditu…

Ballard Power Surges 120% in Q3 2025, Diversifies Beyond Buses

Ballard posts a huge top-line jump, touts new fuel cell engines, and lands a major marine deal as it diversifies into stationary power and material handling.