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
DateValue
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