Ballard Power Systems (XSWX:BLDP) Research & Development: CHF40.04 Mil (TTM As of Mar. 2026)


XSWX:BLDP Ballard Power Systems Inc XSWX:BLDP
69 GF Score
Price CHF3.36
GF Value CHF2.32
! 3 Warning Signs
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What is Ballard Power Systems Research & Development?

Ballard Power Systems XSWX:BLDP -3.72% 69 Research & Development is CHF40.04 Mil as of Mar. 2026. GuruFocus rates XSWX:BLDP with a GF Score™ of 69/100 and a GF Value™ of CHF2.32. The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Ballard Power Systems's Research & Development for the three months ended in Mar. 2026 was CHF7.37 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was CHF40.04 Mil.

Ballard Power Systems  (XSWX:BLDP) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Ballard Power Systems Research & Development Related Terms

Ballard Power Systems Research & Development Historical Data

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The historical data trend for Ballard Power Systems's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ballard Power Systems Research & Development Chart

Ballard Power Systems Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.25 83.58 85.02 84.25 46.81

Ballard Power Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.00 14.78 9.17 8.72 7.37
XSWX:BLDP
69GF Score
Ballard Power Systems Inc XSWX:BLDP
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Ballard Power Systems Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF40.04 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of CHF40.04 Mil mean?
Ballard Power Systems (XSWX:BLDP) has a Research & Development of CHF40.04 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Ballard Power Systems and its competitors.
Is Ballard Power Systems' Research & Development too high?
Ballard Power Systems' current Research & Development is CHF40.04 Mil. Overall, Ballard Power Systems has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Ballard Power Systems' Research & Development compare to VRT and BE?
Ballard Power Systems' Research & Development of CHF40.04 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for an Industrial Products company?
A good Research & Development depends on the Industrial Products industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Ballard Power Systems and its competitors. Ballard Power Systems's current Research & Development is CHF40.04 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ballard Power Systems stock overvalued right now?
Ballard Power Systems (XSWX:BLDP) has a current Research & Development of CHF40.04 Mil. The stock's GF Value™ is CHF2.32, compared to a current price of CHF3.36 — trading 44.8% above its estimated fair value. The current Research & Development is CHF40.04 Mil. Ballard Power Systems' overall GF Score™ is 69/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Ballard Power Systems (XSWX:BLDP), the current Research & Development is CHF40.04 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ballard Power Systems (XSWX:BLDP) Overvalued in 2026?

Based on GuruFocus' analysis, Ballard Power Systems stock appears to be overvalued. The current stock price of CHF3.36 is trading 44.8% above its estimated GF Value™ of CHF2.32.

Key valuation signals for XSWX:BLDP:

  • Research & Development: CHF40.04 Mil
  • GF Value™: CHF2.32 vs. price of CHF3.36 (44.8% above fair value)
  • GF Score™: 69/100 with 3 warning signs

No single metric tells the full story. See the XSWX:BLDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ballard Power Systems Business Description

Address 9000 Glenlyon Parkway, Legal Department, Burnaby, BC, CAN, V5J 5J8
Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from United States followed by Poland, Canada, and other countries.
69GF Score

Get the complete analysis for XSWX:BLDP

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF3.36
Price
CHF2.32
GF Value