Ballard Power Systems (BLDP) Change in Receivables (2009 - 2025)
Ballard Power Systems (BLDP) posted quarterly 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 181.57% quarter-over-quarter from -$9.1 million in Q3 2025.
Ballard Power Systems (BLDP) Change in Receivables (2009 - 2025) Analysis & Trends
Ballard Power Systems (BLDP) has reported Change in Receivables for 17 consecutive years, with $7.4 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Change in Receivables rose 257.65% year-over-year to $7.4 million; the TTM figure through Dec 2025 stood at $6.0 million (down 54.71% YoY), while the FY2025 annual figure was $6.0 million, down 54.71% from the prior year.
- Change in Receivables advanced to $7.4 million in Q4 2025 per BLDP's latest filing, from -$9.1 million in the prior quarter.
- Across five years, Change in Receivables topped out at $15.5 million in Q1 2024 and bottomed at -$16.3 million in Q4 2023.
- Historically, Change in Receivables has averaged $809750.0 across 5 years, with a median of $1.3 million in 2024.
- Annual changes were most pronounced in 2021 — Change in Receivables surged 705.96% — and 2025, when it slumped 3256.1%.
- Ballard Power Systems' Change in Receivables stood at -$3.0 million in 2021, then surged by 221.66% to $3.7 million in 2022, then slumped by 542.99% to -$16.3 million in 2023, then soared by 71.19% to -$4.7 million in 2024, then surged 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, -$9.1 million in Q3 2025, and $3.9 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 586.50 Mn |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 101.37 Mn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 49.30 Mn |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 141.80 Mn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 27.50 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 32.50 Mn |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | 125.07 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | -48.22 Mn |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | 19.35 Mn |
| 10 | Ballard Power Systems | 725.08 Mn | 219.93 Mn | 4.08 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 7.39 Mn |
| Dec 31, 2025 | 7.39 Mn |
| Sep 30, 2025 | -9.06 Mn |
| Sep 30, 2025 | -9.06 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 | -6.58 Mn |
| Sep 30, 2023 | -6.58 Mn |