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
DateValue
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