Ballard Power Systems (BLDP) Accumulated Expenses (2009 - 2025)

Ballard Power Systems' (BLDP) quarterly Accumulated Expenses came in at $10.0 million in Q3 2025, up 7.75% on a QoQ basis from $9.3 million in Q2 2025.

Ballard Power Systems (BLDP) Accumulated Expenses (2009 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 17 years of Accumulated Expenses data on file, last reported at $10.0 million in Q3 2025.

  • On a quarterly basis, Accumulated Expenses changed N/A year-over-year to $10.0 million in Q3 2025; TTM through Sep 2025 was $10.0 million, a N/A change from a year earlier, with the FY2024 full-year figure at $17.1 million, down 11.04% from the prior year.
  • Accumulated Expenses for Q3 2025 stood at $10.0 million, up from $9.3 million in the prior quarter.
  • Over the last five years, Accumulated Expenses for BLDP reached as high as $19.2 million in Q4 2023 and fell as low as $7.4 million in Q3 2022.
  • Historically, Accumulated Expenses has averaged $12.8 million across 5 years, with a median of $12.6 million in 2023.
  • Across the five-year window, Accumulated Expenses jumped 129.98% in 2023 and decreased 27.17% in 2025, its largest moves.
  • Year by year, Accumulated Expenses stood at $15.8 million in 2021, then fell by 16.31% to $13.2 million in 2022, then surged by 45.19% to $19.2 million in 2023, then declined by 11.04% to $17.1 million in 2024, then slumped by 41.6% to $10.0 million in 2025.
  • Per Business Quant data, the three most recent Accumulated Expenses figures were $10.0 million in Q3 2025, $9.3 million in Q2 2025, and $9.6 million in Q1 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn
10 Ballard Power Systems 895.53 Mn 364.27 Mn 5.64 Mn

Historic Data

Download Data
DateValue
Sep 30, 2025 9.99 Mn
Jun 30, 2025 9.27 Mn
Mar 31, 2025 9.61 Mn
Dec 31, 2024 17.11 Mn
Jun 30, 2024 12.08 Mn
Mar 31, 2024 13.20 Mn
Dec 31, 2023 19.24 Mn
Sep 30, 2023 17.11 Mn
Jun 30, 2023 12.62 Mn
Mar 31, 2023 11.57 Mn
Dec 31, 2022 13.25 Mn
Sep 30, 2022 7.44 Mn
Jun 30, 2022 10.92 Mn
Mar 31, 2022 12.89 Mn
Dec 31, 2021 15.83 Mn
Jun 30, 2020 9.72 Mn
Mar 31, 2020 6.97 Mn
Dec 31, 2019 12.60 Mn
Jun 30, 2018 4.41 Mn
Dec 31, 2017 9.21 Mn