Ballard Power Systems (BLDP) Change in Receivables (2009 - 2025)
Ballard Power Systems' (BLDP) quarterly Change in Receivables came in at $7.4 million in Q4 2025, up 257.65% year-on-year from $2.1 million in Q4 2024, and up 181.57% on a QoQ basis from -$9.1 million in Q3 2025.
Ballard Power Systems (BLDP) Change in Receivables (2009 - 2025) Analysis & Trends
Ballard Power Systems (BLDP) has 17 years of Change in Receivables data on file, last reported at $7.4 million in Q4 2025.
- On a quarterly basis, Change in Receivables rose 257.65% year-over-year to $7.4 million in Q4 2025; TTM through Dec 2025 was $6.0 million, a 54.71% decrease from a year earlier, with the FY2025 full-year figure at $6.0 million, down 54.71% from the prior year.
- Change in Receivables for Q4 2025 stood at $7.4 million, up from -$9.1 million in the prior quarter.
- Over the last five years, Change in Receivables for BLDP reached as high as $15.5 million in Q1 2024 and fell as low as -$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.
- Across the five-year window, Change in Receivables soared 705.96% in 2021 and plunged 3256.1% in 2025, its largest moves.
- Year by year, Change in Receivables stood at -$3.0 million in 2021, then jumped by 221.66% to $3.7 million in 2022, then slumped 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.
- Per Business Quant data, the three most recent Change in Receivables figures were $7.4 million in Q4 2025, -$9.1 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 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | - |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 57.70 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | -11.78 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 117.80 Mn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 138.40 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 52.40 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 32.50 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 49.39 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 36.04 Mn |
| 10 | Ballard Power Systems | 895.53 Mn | 364.27 Mn | 5.64 Mn | 7.39 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 |