Ballard Power Systems (BLDP) Assets (2009 - 2025)

Ballard Power Systems' (BLDP) quarterly Assets came in at $682.4 million in Q4 2025, down 12.21% year-on-year from $777.3 million in Q4 2024, and down 3.95% on a QoQ basis from $710.5 million in Q3 2025.

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

Ballard Power Systems (BLDP) has 17 years of Assets data on file, last reported at $682.4 million in Q4 2025.

  • On a quarterly basis, Assets fell 12.21% year-over-year to $682.4 million in Q4 2025; TTM through Dec 2025 was $682.4 million, a 12.21% decrease from a year earlier, with the FY2025 full-year figure at $682.4 million, down 12.21% from the prior year.
  • Assets for Q4 2025 stood at $682.4 million, down from $710.5 million in the prior quarter.
  • Over the last five years, Assets for BLDP reached as high as $1.5 billion in Q1 2021 and fell as low as $682.4 million in Q4 2025.
  • Historically, Assets has averaged $1.1 billion across 5 years, with a median of $1.2 billion in 2023.
  • Across the five-year window, Assets jumped 300.76% in 2021 and retreated 27.97% in 2025, its largest moves.
  • Year by year, Assets stood at $1.4 billion in 2021, then retreated by 13.45% to $1.2 billion in 2022, then slipped by 13.59% to $1.1 billion in 2023, then slipped by 27.86% to $777.3 million in 2024, then declined by 12.21% to $682.4 million in 2025.
  • Per Business Quant data, the three most recent Assets figures were $682.4 million in Q4 2025, $710.5 million in Q3 2025, and $735.9 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Assets (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 106.04 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 13.40 Bn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 4.66 Bn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 8.42 Bn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 6.96 Bn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 2.59 Bn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 4.64 Bn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 1.18 Bn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 4.00 Bn
10 Ballard Power Systems 895.53 Mn 364.27 Mn 5.64 Mn 682.39 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 682.39 Mn
Sep 30, 2025 710.46 Mn
Jun 30, 2025 735.86 Mn
Mar 31, 2025 756.61 Mn
Dec 31, 2024 777.31 Mn
Sep 30, 2024 830.40 Mn
Jun 30, 2024 1.02 Bn
Mar 31, 2024 1.05 Bn
Dec 31, 2023 1.08 Bn
Sep 30, 2023 1.13 Bn
Jun 30, 2023 1.18 Bn
Mar 31, 2023 1.21 Bn
Dec 31, 2022 1.25 Bn
Sep 30, 2022 1.29 Bn
Jun 30, 2022 1.33 Bn
Mar 31, 2022 1.39 Bn
Dec 31, 2021 1.44 Bn
Sep 30, 2021 1.45 Bn
Jun 30, 2021 1.47 Bn
Mar 31, 2021 1.48 Bn