◆ TICKERBASE · GLOBAL STOCK FINANCIAL DATA LIBRARY

Home › All stocks › B › BLDP

Ballard Power Systems Inc (BLDP) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · ELECTRICAL EQUIPMENT & PARTS · DATA UPDATED 2026-09-23

Ballard Power Systems Inc (BLDP) operates in the ELECTRICAL EQUIPMENT & PARTS industry and is headquartered in Burnaby, Canada with about 492 employees. Its market capitalization is roughly $544 million. In the fiscal year ended 2025-12-31, BLDP reported $101M in revenue and ($92M) in net income.

Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products.

Interactive charts & full statements → Open the BLDP valuation workbench →

BLDP Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$106M	$101M	$70M	$102M	$82M	$105M	$104M	$106M	$97M	$121M	$85M	$56M	$69M	$61M	$44M	$76M	$65M	$47M	$60M	$66M	$50M
Gross Profit	$17M	$2M	($22M)	($22M)	($13M)	$14M	$21M	$22M	$30M	$42M	$24M	$10M	$10M	$17M	$7M	$14M	$10M	$6M	$12M	$40M	$29M
Gross Margin %	16.4%	2.4%	-31.5%	-21.3%	-16.3%	13.4%	20.2%	21.1%	30.7%	34.3%	28.4%	17.7%	14.9%	27.4%	16.9%	18.3%	15.7%	12.7%	20.4%	61.8%	57.4%
Operating Income (EBIT)	($67M)	($82M)	($183M)	($163M)	($142M)	($88M)	($40M)	($25M)	($21M)	($5M)	($18M)	($25M)	($28M)	($19M)	($31M)	($34M)	($43M)	($52M)	($51M)	($62M)	($61M)
Operating Margin %	-63.7%	-80.6%	-262.9%	-159.1%	-173.5%	-84.2%	-38.3%	-24.1%	-21.5%	-4.0%	-21.2%	-44.1%	-40.8%	-31.7%	-71.2%	-44.2%	-65.8%	-111.4%	-85.8%	-94.3%	-121.5%
Net Income	($77M)	($92M)	($324M)	($178M)	($173M)	($114M)	($51M)	($39M)	($27M)	($8M)	($22M)	($6M)	($28M)	($20M)	($42M)	($33M)	($35M)	($3M)	$34M	($57M)	($181M)
Net Margin %	-72.7%	-91.5%	-465.0%	-173.6%	-211.9%	-109.5%	-49.5%	-36.9%	-28.3%	-6.6%	-25.4%	-10.3%	-40.6%	-32.6%	-96.4%	-44.0%	-53.7%	-7.0%	57.2%	-87.4%	-363.6%
EBITDA	($64M)	($77M)	($309M)	($122M)	($145M)	($87M)	($40M)	($26M)	($20M)	($1M)	($16M)	($1M)	($23M)	($14M)	($36M)	($32M)	($27M)	$7M	($43M)	($44M)	($37M)
Earnings Per Share (EPS)	$-0.26	$-0.31	$-1.08	$-0.60	$-0.58	$-0.39	$-0.21	$-0.17	$-0.15	$-0.05	$-0.13	$-0.04	$-0.22	$-0.20	$-0.48	$-0.40	$-0.42	$-0.04	$0.40	$-0.50	$-1.60
Shares Outstanding (M)	301M	303M	299M	299M	298M	295M	248M	233M	186M	176M	163M	140M	127M	100M	88M	84M	84M	84M	86M	115M	113M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BLDP Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$20M	$19M	$34M	$33M	$18M	$15M	$25M	$15M
Gross Profit	$4M	$3M	$6M	$5M	($1M)	($4M)	($3M)	($8M)
Gross Margin %	19.8%	14.2%	16.7%	15.3%	-8.4%	-23.4%	-13.2%	-55.7%
Operating Income (EBIT)	($12M)	($13M)	($12M)	($30M)	($33M)	($29M)	($36M)	($63M)
Operating Margin %	-62.0%	-67.3%	-35.1%	-92.1%	-186.1%	-188.8%	-148.4%	-427.5%
Net Income	($20M)	($11M)	($18M)	($28M)	($24M)	($21M)	($46M)	($205M)
Net Margin %	-98.4%	-58.7%	-52.1%	-86.4%	-136.1%	-136.7%	-189.5%	-1389.4%
EBITDA	($11M)	($10M)	($16M)	($27M)	($23M)	($20M)	($45M)	($201M)
Earnings Per Share (EPS)	$-0.07	$-0.04	$-0.06	$-0.09	$-0.08	$-0.07	$-0.16	$-0.68
Shares Outstanding (M)	301M	301M	292M	301M	300M	300M	299M	299M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BLDP Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	($30M)	($57M)	($108M)	($105M)	($132M)	($80M)	($43M)	($14M)	($32M)	($10M)	($4M)	($25M)	($21M)	($17M)	($28M)	($33M)	($29M)	($27M)	($26M)	($32M)	($43M)
Capital Expenditures (CapEx)	$7M	$10M	$28M	$41M	$34M	$15M	$13M	$14M	$10M	$6M	$7M	$4M	$4M	$0M	$1M	$4M	$3M	$7M	$4M	$6M	$9M
Free Cash Flow (FCF)	($37M)	($67M)	($136M)	($146M)	($167M)	($95M)	($56M)	($28M)	($42M)	($16M)	($11M)	($29M)	($25M)	($18M)	($29M)	($37M)	($33M)	($34M)	($30M)	($38M)	($51M)
FCF Margin %	-35.1%	-66.4%	-194.6%	-142.6%	-203.6%	-91.1%	-53.7%	-26.6%	-43.0%	-13.4%	-12.7%	-51.8%	-36.2%	-29.2%	-67.1%	-49.1%	-50.4%	-72.2%	-50.0%	-58.1%	-103.2%
Dividends Paid	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$2M	—	—	—	—	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BLDP Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	($11M)	($8M)	$12M	($23M)	($20M)	($24M)	($24M)	($29M)
Capital Expenditures (CapEx)	$1M	$1M	$4M	$1M	$2M	$3M	$6M	$12M
Free Cash Flow (FCF)	($12M)	($8M)	$8M	($24M)	($23M)	($27M)	($30M)	($40M)
FCF Margin %	-60.9%	-43.2%	23.3%	-74.6%	-127.1%	-175.9%	-123.7%	-272.6%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BLDP Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$643M	$681M	$777M	$1.1B	$1.2B	$1.4B	$976M	$340M	$346M	$178M	$183M	$161M	$128M	$120M	$128M	$165M	$190M	$195M	$208M	$299M	$350M
Cash & Cash Equivalents	$501M	$526M	$604M	$751M	$914M	$1.1B	$763M	$148M	$192M	$60M	$73M	$40M	$24M	$30M	$10M	$20M	$52M	$43M	$54M	$49M	$61M
Total Liabilities	$84M	$92M	$104M	$86M	$88M	$113M	$75M	$90M	$64M	$58M	$62M	$50M	$49M	$50M	$70M	$73M	$62M	$36M	$47M	$41M	$45M
Total Debt (Short + Long-Term)	$3M	$3M	$3M	$5M	$4M	$3M	$3M	$2M	$1M	$7M	$8M	$8M	$11M	$13M	$26M	$21M	$14M	$2M	$0M	$19M	$10M
Total Shareholders' Equity	$559M	$589M	$673M	$991M	$1.2B	$1.3B	$901M	$250M	$283M	$120M	$125M	$114M	$82M	$72M	$62M	$95M	$128M	$159M	$161M	$258M	$305M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive BLDP viewer.

Other Companies in ELECTRICAL EQUIPMENT & PARTS

EOSE · Eos Energy Enterprises Inc — $692 million
ADSE · Ads Tec Energy PLC — $684 million
ENVX · Enovix Corp — $645 million
KE · Kimball Electronics — $641 million
BE · Bloom Energy Corp — $63 billion
NVT · nVent Electric PLC — $20 billion
AYI · Acuity Brands Inc — $10 billion
AEIS · Advanced Energy Industries Inc — $10 billion

← BLDI All “B” companies BLDR →

About TickerBase · Data methodology & sources · Privacy · Terms

TickerBase is provided for educational and informational purposes only. It does not constitute financial, investment, tax, or legal advice, or a recommendation to buy, sell, or hold any security. No price targets are published; any per-share value shown in the valuation workbench is generated entirely from reader-supplied assumptions and is not the publisher's view of fair value. Past performance does not predict future results. Figures are approximate and drawn from public filings; one-time items are noted where identified. Do your own research and consult a licensed professional before making any investment decision. The author may or may not hold positions in the securities discussed.