Ballard Power Systems (BLDP) Cash & Equivalents (2009 - 2026)
Ballard Power Systems (BLDP) recorded Cash & Equivalents of $502.1 million in the quarter ended Jun 30, 2026, down 8.7% from $550.04 million a year earlier and down 2.8% from the prior quarter.
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Analysis
Ballard Power Systems (BLDP) Cash & Equivalents (2009 - 2026) Analysis & Trends
As of Dec 31, 2025, Ballard Power Systems reported Cash & Equivalents of $527.05 million, down 12.7% from the prior year.
- Annual Cash & Equivalents has declined for four straight years, with a five-year compound annual growth rate of -7.1% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Cash & Equivalents came in at $603.95 million in the year ended Dec 31, 2024 (-19.6%), $751.13 million in the year ended Dec 31, 2023 (-17.8%), $913.73 million in the year ended Dec 31, 2022 (-18.7%) and $1.12 billion in the year ended Dec 31, 2021 (+47.2%).
- The figure for the quarter ended Jun 30, 2026 is the lowest quarterly Cash & Equivalents since the quarter ended Sep 30, 2020.
- On a year-over-year basis, Cash & Equivalents has declined for 18 consecutive quarters, with an average decline of 15.8% over the last eight quarters.
- Peak year-over-year performance for Cash & Equivalents in the last five years was growth of 237.9% in the quarter ended Sep 30, 2021, against a decline of 21.8% in the quarter ended Sep 30, 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $516.8 million (quarter ended Mar 31, 2026), $527.05 million (quarter ended Dec 31, 2025) and $525.74 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 238.27 Bn | 198.19 Bn | 2.36 Bn | 13.12 Bn |
| 2 | Bloom Energy | 62.35 Bn | 54.14 Bn | 355.57 Mn | 2.67 Bn |
| 3 | First Solar | 18.52 Bn | 9.47 Bn | 605.00 Mn | 1.69 Bn |
| 4 | BWX Technologies | 12.34 Bn | 10.64 Bn | 202.31 Mn | 608.20 Mn |
| 5 | Nextpower | 11.93 Bn | 7.82 Bn | 335.85 Mn | 1.21 Bn |
| 6 | Generac Holdings | 11.19 Bn | 10.02 Bn | 521.81 Mn | 264.92 Mn |
| 7 | EnerSys | 6.09 Bn | 4.28 Bn | 313.36 Mn | 530.66 Mn |
| 8 | Enphase Energy | 4.10 Bn | -757.72 Mn | 175.01 Mn | 529.34 Mn |
| 9 | Mirion Technologies | 3.65 Bn | 1.49 Bn | 133.10 Mn | 418.70 Mn |
| 10 | Ballard Power Systems | 451.73 Mn | -1.63 Bn | 4.08 Mn | 502.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 502.10 Mn |
| Mar 31, 2026 | 516.77 Mn |
| Dec 31, 2025 | 527.05 Mn |
| Sep 30, 2025 | 525.74 Mn |
| Jun 30, 2025 | 550.04 Mn |
| Mar 31, 2025 | 576.70 Mn |
| Dec 31, 2024 | 603.95 Mn |
| Sep 30, 2024 | 635.11 Mn |
| Jun 30, 2024 | 678.03 Mn |
| Mar 31, 2024 | 720.67 Mn |
| Dec 31, 2023 | 751.13 Mn |
| Sep 30, 2023 | 780.99 Mn |
| Jun 30, 2023 | 815.06 Mn |
| Mar 31, 2023 | 863.77 Mn |
| Dec 31, 2022 | 913.73 Mn |
| Sep 30, 2022 | 955.42 Mn |
| Jun 30, 2022 | 1.00 Bn |
| Mar 31, 2022 | 1.07 Bn |
| Dec 31, 2021 | 1.12 Bn |
| Sep 30, 2021 | 1.22 Bn |
API Access
Ballard Power Systems Cash & Equivalents API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=BLDP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-equivalents", "ticker": "BLDP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=BLDP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();