Ballard Power Systems (BLDP) Change in Receivables (2010 - 2025)
Ballard Power Systems (BLDP) reported Change in Receivables of $7.4 million for Q4 2025, up 257.65% year-over-year from $2.1 million in Q4 2024, and up 179.08% quarter-over-quarter from -$9.3 million in Q3 2025.
Ballard Power Systems (BLDP) Change in Receivables (2010 - 2025) Analysis & Trends
Ballard Power Systems (BLDP) has 16 years of Change in Receivables data on file, last reported at $7.4 million in Q4 2025.
- Change in Receivables for Q4 2025 came in at $7.4 million, up 257.65% year-over-year; the trailing twelve-month figure through Dec 2025 was $5.8 million (down 56.85% YoY), and the FY2025 annual result was $6.0 million, down 81.1% from the prior year.
- Change in Receivables improved to $7.4 million in Q4 2025 per BLDP's latest filing, from -$9.3 million in the prior quarter.
- Over five years, Change in Receivables peaked at $52.5 million in Q1 2021 and troughed at -$16.3 million in Q4 2023.
- A 5-year average of $9.9 million and a median of $3.7 million in 2022 frame the typical range for Change in Receivables.
- The sharpest annual moves came in 2021 and 2023: Change in Receivables plunged 6886.0% in 2021, then surged 11521.48% in 2023.
- A 5-year view of Change in Receivables shows it stood at -$3.0 million in 2021, then jumped by 221.66% to $3.7 million in 2022, then sank by 542.99% to -$16.3 million in 2023, then surged by 71.19% to -$4.7 million in 2024, then jumped by 257.65% to $7.4 million in 2025.
- Business Quant data shows BLDP's Change in Receivables at $7.4 million in Q4 2025, -$9.3 million in Q3 2025, and $3.9 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 395.03 Bn | 394.98 Bn | - | - |
| 2 | Vertiv Holdings | 110.52 Bn | 108.02 Bn | 999.70 Mn | 57.70 Mn |
| 3 | Bloom Energy | 73.12 Bn | 70.66 Bn | 225.54 Mn | -11.78 Mn |
| 4 | nVent Electric | 26.38 Bn | 26.19 Bn | 445.60 Mn | 138.40 Mn |
| 5 | Hubbell | 25.79 Bn | 25.28 Bn | 505.30 Mn | 117.80 Mn |
| 6 | Advanced Energy Industries | 11.69 Bn | 11.69 Bn | 200.90 Mn | 52.40 Mn |
| 7 | Ballard Power Systems | 11.51 Bn | 10.98 Bn | 5.64 Mn | 7.39 Mn |
| 8 | Powell Industries | 10.32 Bn | 9.77 Bn | 87.94 Mn | 49.39 Mn |
| 9 | Acuity Inc. (De) | 9.21 Bn | 8.94 Bn | 520.40 Mn | 12.10 Mn |
| 10 | EnerSys | 8.48 Bn | 8.04 Bn | 290.87 Mn | 36.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 7.39 Mn |
| Dec 31, 2025 | 7.39 Mn |
| Sep 30, 2025 | -9.34 Mn |
| Sep 30, 2025 | -9.34 Mn |
| Jun 30, 2025 | 3.95 Mn |
| Jun 30, 2025 | 3.95 Mn |
| Mar 31, 2025 | 3.77 Mn |
| Mar 31, 2025 | 3.77 Mn |
| Dec 31, 2024 | -4.69 Mn |
| Dec 31, 2024 | -4.69 Mn |
| Sep 30, 2024 | 287,000.00 |
| Sep 30, 2024 | 287,000.00 |
| Jun 30, 2024 | 2.28 Mn |
| Jun 30, 2024 | 2.28 Mn |
| Mar 31, 2024 | 15.47 Mn |
| Mar 31, 2024 | 15.47 Mn |
| Dec 31, 2023 | -16.27 Mn |
| Dec 31, 2023 | -16.27 Mn |
| Sep 30, 2023 | 44.66 Mn |
| Sep 30, 2023 | 44.66 Mn |