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Ballard Power Systems (BLDP) Financials

Ballard Power Systems logo
$4.34 +1.05 (+31.76%)
Closing price 03:59 PM Eastern
Extended Trading
$4.29 -0.05 (-1.13%)
As of 04:09 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Ballard Power Systems

Annual Income Statements for Ballard Power Systems

This table shows Ballard Power Systems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -22 -9.39 -26 -39 -52 -111 -175 -324 -91
Consolidated Net Income / (Loss)		 -22 -8.05 -27 -39 -51 -114 -173 -324 -91
Net Income / (Loss) Continuing Operations		 -22 -8.05 -27 -35 -49 -114 -160 -323 -91
Total Pre-Tax Income 		-21 -6.48 -27 -35 -49 -115 -160 -322 -91
Total Operating Income		 -18 -4.88 -21 -25 -40 -88 -145 -183 -103
Total Gross Profit		 24 42 30 22 21 14 -13 -22 5.46
Total Revenue		 85 121 97 106 104 105 82 54 89
Operating Revenue		 85 121 97 106 104 105 82 54 89
Total Cost of Revenue		 61 80 67 83 83 90 95 92 94
Operating Cost of Revenue		 61 80 67 83 83 90 95 92 94
Total Operating Expenses		 42 46 50 48 61 102 132 270 85
Selling, General & Admin Expense		 13 13 15 13 16 25 26 24 18
Research & Development Expense		 20 25 27 25 36 62 90 94 59
Impairment Charge		 - - - - 0.00 0.00 - 152 8.23
Total Other Income / (Expense), net		 -3.24 -1.60 -6.16 -9.83 -9.58 -27 -15 -15 -0.95
Interest & Investment Income		 -0.78 1.78 -0.45 2.66 4.28 -16 -2.11 -4.94 -4.73
Other Income / (Expense), net		 -1.77 -2.65 -5.20 -11 -13 -9.08 -12 -9.96 3.77
Income Tax Expense		 0.38 1.57 0.37 0.02 0.13 -0.22 0.04 0.12 0.05
Other Adjustments to Consolidated Net Income / (Loss)		 - - - - - - - -0.72 0.00
Weighted Average Basic Shares Outstanding		 - 176.27M 185.84M 232.82M 248.48M 295.29M 298.09M 299.31M 300.78M
Weighted Average Diluted Shares Outstanding		 - 178.06M 185.84M 232.82M 248.48M 295.29M 298.09M 299.31M 300.78M
Weighted Average Basic & Diluted Shares Outstanding		 - 178.06M 185.84M 232.82M 248.48M 295.29M 298.09M 299.31M 300.16M

Quarterly Income Statements for Ballard Power Systems

No quarterly income statements for Ballard Power Systems are available.

Annual Cash Flow Statements for Ballard Power Systems

This table details how cash moves in and out of Ballard Power Systems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 33 -12 132 -44 616 360 -210 -147 -77
Net Cash From Operating Activities		 3.36 -13 -45 -14 -66 -104 -132 -121 -68
Net Cash From Continuing Operating Activities		 3.36 -13 -45 -16 -66 -104 -164 -121 -68
Net Income / (Loss) Continuing Operations		 -22 -8.05 -27 -39 -51 -114 -173 -324 -91
Consolidated Net Income / (Loss)		 -22 -8.05 -27 -39 -51 -114 -173 -324 -91
Depreciation Expense		 4.54 5.06 5.02 7.51 7.56 9.75 14 12 4.13
Amortization Expense		 - 0.00 -0.48 - - - - -0.42 -0.07
Non-Cash Adjustments To Reconcile Net Income		 4.96 -4.08 -26 17 -7.28 -2.36 13 184 20
Changes in Operating Assets and Liabilities, net		 16 -5.68 3.03 -1.84 -15 3.33 -18 8.25 -1.63
Net Cash From Investing Activities		 0.23 -2.09 -8.51 -33 -13 -65 -76 -26 -12
Net Cash From Continuing Investing Activities		 0.23 -2.09 -8.51 -33 -13 -65 -62 -26 -12
Purchase of Property, Plant & Equipment		 -2.78 -3.07 -9.85 -14 - - -34 -26 -9.84
Purchase of Investments		 - - - -21 0.00 -52 -27 0.00 -2.09
Net Cash From Financing Activities		 28 0.00 184 2.57 695 527 -2.41 0.00 0.00
Net Cash From Continuing Financing Activities		 28 0.00 184 2.57 695 527 -2.41 0.00 0.00
Other Net Changes in Cash		 0.29 -1.14 0.65 - -1.56 -0.34 - -1.05 2.80

Quarterly Cash Flow Statements for Ballard Power Systems

No quarterly cash flow statements for Ballard Power Systems are available.

Annual Balance Sheets for Ballard Power Systems

This table presents Ballard Power Systems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2024 12/31/2025
Total Assets		 183 178 346 340 976 1,441 1,247 777 682
Total Current Assets		 108 103 262 230 854 1,229 1,029 699 601
Cash & Equivalents		 73 60 192 148 763 1,124 914 604 527
Accounts Receivable		 15 23 39 49 57 46 49 32 24
Inventories, net		 17 17 29 30 29 52 58 56 44
Prepaid Expenses		 2.97 2.18 1.52 2.32 3.57 4.37 6.02 4.43 2.21
Plant, Property, & Equipment, net		 16 15 22 43 49 56 0.00 30 32
Total Noncurrent Assets		 60 60 63 68 72 156 136 48 49
Long-Term Investments		 1.19 0.68 14 22 28 70 66 46 48
Intangible Assets		 18 18 8.29 5.69 3.76 21 5.21 1.76 0.25
Other Noncurrent Operating Assets		 0.16 0.35 0.32 0.34 0.34 0.35 0.37 0.50 0.51
Total Liabilities & Shareholders' Equity		 183 178 346 340 976 1,441 1,247 777 682
Total Liabilities		 62 58 64 90 75 113 88 104 92
Total Current Liabilities		 43 39 48 65 52 83 73 76 61
Accounts Payable		 18 25 21 31 30 40 40 36 29
Other Current Liabilities		 4.14 14 27 33 22 44 33 40 32
Total Noncurrent Liabilities		 15 15 13 23 21 28 14 29 31
Capital Lease Obligations		 6.43 6.23 5.06 17 15 14 12 21 19
Noncurrent Employee Benefit Liabilities		 5.17 4.91 4.30 4.40 3.94 1.89 - 2.68 2.82
Other Noncurrent Operating Liabilities		 3.86 4.25 3.86 1.69 1.76 8.90 2.26 4.99 9.92
Total Equity & Noncontrolling Interests		 122 120 283 250 901 1,328 1,159 673 590
Total Preferred & Common Equity		 125 120 283 250 901 1,328 1,159 673 590
Total Common Equity		 125 120 283 250 901 1,328 1,159 673 590
Common Stock		 1,273 1,277 1,466 1,473 2,175 2,714 2,721 2,739 2,743
Retained Earnings		 -1,149 -1,157 -1,184 -1,224 -1,276 -1,388 -1,561 -2,061 -2,152
Other Equity Adjustments		 0.72 0.20 0.85 0.81 0.91 1.72 -1.49 -4.77 -1.60

Quarterly Balance Sheets for Ballard Power Systems

No quarterly balance sheets for Ballard Power Systems are available.

Annual Metrics And Ratios for Ballard Power Systems

This table displays calculated financial ratios and metrics derived from Ballard Power Systems' official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2025
DEI Shares Outstanding		 - - - - - - - - 300,784,816.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 300,784,816.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - -0.30
Growth Metrics		 - - - - - - - - -
Profitability Metrics		 - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -13 -3.41 -15 -18 -28 -62 -102 -114 -72
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -16.43% -11.90%
Earnings before Interest and Taxes (EBIT)		 -20 -7.53 -26 -37 -52 -97 -157 -174 -100
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -15 -2.46 -21 -29 -45 -87 -143 -162 -96
Valuation Ratios		 - - - - - - - - -
Leverage & Solvency		 - - - - - - - - -
Liquidity Ratios		 - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 7.15 -30 -34 -52 -83 -63 0.00 -60
Efficiency Ratios		 - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 79 68 84 100 125 146 107 12 29
Increase / (Decrease) in Invested Capital		 0.00 -11 16 16 25 21 -39 0.00 -13
Book Value per Share		 $0.00 $0.68 $1.59 $1.08 $3.86 $4.71 $3.89 $2.25 $1.96
Tangible Book Value per Share		 $0.00 $0.35 $1.31 $0.88 $3.67 $4.41 $3.66 $2.25 $1.96
Total Capital		 128 126 288 268 916 1,342 1,171 694 609
Total Debt		 6.95 6.23 5.06 17 15 14 12 21 19
Total Long-Term Debt		 6.43 6.23 5.06 17 15 14 12 21 19
Net Debt		 -67 -55 -201 -152 -776 -1,180 -968 -629 -556
Capital Expenditures (CapEx)		 -0.23 2.09 8.51 12 13 13 34 26 9.84
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -7.40 3.12 22 17 39 22 42 19 13
Debt-free Net Working Capital (DFNWC)		 65 63 214 165 802 1,146 955 623 540
Net Working Capital (NWC)		 65 63 214 165 802 1,146 955 623 540
Net Nonoperating Expense (NNE)		 9.04 4.63 13 21 24 53 72 64 18
Net Nonoperating Obligations (NNO)		 -43 -52 -199 -150 -776 -1,182 -1,052 -661 -561
Total Depreciation and Amortization (D&A)		 4.54 5.06 4.54 7.51 7.56 9.75 14 12 4.06
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($0.15) ($0.17) ($0.21) ($0.39) ($0.58) ($0.59) $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 178.06M 231.81M 233.54M 282.08M 295.29M 298.39M 298.66M 300.78M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.15) ($0.17) ($0.21) ($0.39) ($0.58) ($0.59) $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 178.06M 231.81M 233.54M 282.08M 297.70M 298.39M 299.31M 300.78M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 ($0.15) ($0.17) ($0.21) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 178.06M 185.84M 232.82M 248.48M 297.70M 298.09M 299.31M 300.16M
Normalized Net Operating Profit after Tax (NOPAT)		 -13 -3.41 -15 -18 -28 -62 -102 -114 -67
Debt Service Ratios		 - - - - - - - - -
Payout Ratios		 - - - - - - - - -

Quarterly Metrics And Ratios for Ballard Power Systems

No quarterly metrics and ratios for Ballard Power Systems are available.


Financials Breakdown Chart

Frequently Asked Questions About Ballard Power Systems' Financials

When does Ballard Power Systems' financial year end?

According to the most recent income statement we have on file, Ballard Power Systems' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Ballard Power Systems' net income changed over the last 8 years?

Ballard Power Systems' net income appears to be on an upward trend, with a most recent value of -$90.91 million in 2025, rising from -$21.69 million in 2016. The previous period was -$324.25 million in 2024. Check out Ballard Power Systems' forecast to explore projected trends and price targets.

What is Ballard Power Systems' operating income?
Ballard Power Systems' total operating income in 2025 was -$103.46 million, based on the following breakdown:
  • Total Gross Profit: $5.46 million
  • Total Operating Expenses: $85.42 million
How has Ballard Power Systems' revenue changed over the last 8 years?

Over the last 8 years, Ballard Power Systems' total revenue changed from $85.27 million in 2016 to $89.42 million in 2025, a change of 4.9%.

How much debt does Ballard Power Systems have?

Ballard Power Systems' total liabilities were at $92.46 million at the end of 2025, a 11.4% decrease from 2024, and a 49.4% increase since 2016.

How much cash does Ballard Power Systems have?

In the past 8 years, Ballard Power Systems' cash and equivalents has ranged from $60.26 million in 2017 to $1.12 billion in 2021, and is currently $527.05 million as of their latest financial filing in 2025.

How has Ballard Power Systems' book value per share changed over the last 8 years?

Over the last 8 years, Ballard Power Systems' book value per share changed from 0.00 in 2016 to 1.96 in 2025, a change of 196.1%.


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Financial statements for NASDAQ:BLDP last updated on 4/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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