Ballard Power Systems (BLDP) Change in Inventory (2009 - 2025)

Ballard Power Systems' (BLDP) quarterly Change in Inventory came in at $16.2 million in Q4 2025, up 148.1% year-on-year from $6.5 million in Q4 2024, and up 115.98% on a QoQ basis from $7.5 million in Q3 2025.

Ballard Power Systems (BLDP) Change in Inventory (2009 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 17 years of Change in Inventory data on file, last reported at $16.2 million in Q4 2025.

  • On a quarterly basis, Change in Inventory rose 148.1% year-over-year to $16.2 million in Q4 2025; TTM through Dec 2025 was $10.1 million, a 159.42% increase from a year earlier, with the FY2025 full-year figure at $10.1 million, up 159.42% from the prior year.
  • Change in Inventory for Q4 2025 stood at $16.2 million, up from $7.5 million in the prior quarter.
  • Over the last five years, Change in Inventory for BLDP reached as high as $16.2 million in Q4 2025 and fell as low as -$11.6 million in Q3 2021.
  • Historically, Change in Inventory has averaged -$1.8 million across 5 years, with a median of -$4.6 million in 2021.
  • Across the five-year window, Change in Inventory plunged 805.05% in 2021 and surged 815.46% in 2023, its largest moves.
  • Year by year, Change in Inventory stood at -$1.1 million in 2021, then soared by 255.61% to $1.6 million in 2022, then jumped by 815.46% to $15.0 million in 2023, then plunged by 56.53% to $6.5 million in 2024, then jumped by 148.1% to $16.2 million in 2025.
  • Per Business Quant data, the three most recent Change in Inventory figures were $16.2 million in Q4 2025, $7.5 million in Q3 2025, and -$4.8 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn -
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 384.20 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 88.58 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 61.20 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 42.60 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 48.40 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn -55.60 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 1.69 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn -64.00 Mn
10 Ballard Power Systems 895.53 Mn 364.27 Mn 5.64 Mn 16.16 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 16.16 Mn
Dec 31, 2025 16.16 Mn
Sep 30, 2025 7.48 Mn
Sep 30, 2025 7.48 Mn
Jun 30, 2025 -4.83 Mn
Jun 30, 2025 -4.83 Mn
Mar 31, 2025 -8.75 Mn
Mar 31, 2025 -8.75 Mn
Dec 31, 2024 6.52 Mn
Dec 31, 2024 6.52 Mn
Sep 30, 2024 -6.55 Mn
Sep 30, 2024 -6.55 Mn
Jun 30, 2024 -6.51 Mn
Jun 30, 2024 -6.51 Mn
Mar 31, 2024 -10.41 Mn
Mar 31, 2024 -10.41 Mn
Dec 31, 2023 14.99 Mn
Dec 31, 2023 14.99 Mn
Sep 30, 2023 2.37 Mn
Sep 30, 2023 2.37 Mn