Ballard Power Systems (BLDP) Current Deferred Revenue (2009 - 2026)
Ballard Power Systems (BLDP) posted quarterly Current Deferred Revenue of $8.4 million for Q4 2025, up 26.57% year-over-year from $6.6 million in Q4 2024, and down 22.55% quarter-over-quarter from $10.9 million in Q3 2025.
Ballard Power Systems (BLDP) Current Deferred Revenue (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Current Deferred Revenue for 17 consecutive years, with $8.4 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Current Deferred Revenue rose 26.57% year-over-year to $8.4 million; the TTM figure through Dec 2025 stood at $8.4 million (up 26.57% YoY), while the FY2025 annual figure was $8.4 million, up 26.57% from the prior year.
- Current Deferred Revenue fell to $8.4 million in Q4 2025 per BLDP's latest filing, from $10.9 million in the prior quarter.
- Across five years, Current Deferred Revenue topped out at $13.0 million in Q3 2021 and bottomed at $4.6 million in Q4 2023.
- Historically, Current Deferred Revenue has averaged $9.3 million across 5 years, with a median of $8.8 million in 2023.
- Annual changes were most pronounced in 2023 — Current Deferred Revenue slumped 42.86% — and 2025, when it soared 57.95%.
- Ballard Power Systems' Current Deferred Revenue stood at $12.1 million in 2021, then slumped by 33.69% to $8.0 million in 2022, then plunged by 42.86% to $4.6 million in 2023, then jumped by 44.79% to $6.6 million in 2024, then increased by 26.57% to $8.4 million in 2025.
- Business Quant data shows BLDP's Current Deferred Revenue at $8.4 million in Q4 2025, $10.9 million in Q3 2025, and $8.6 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn |
| 10 | Ballard Power Systems | 725.08 Mn | 219.93 Mn | 4.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.02 Mn |
| Dec 31, 2025 | 8.41 Mn |
| Sep 30, 2025 | 10.86 Mn |
| Jun 30, 2025 | 8.58 Mn |
| Mar 31, 2025 | 9.15 Mn |
| Dec 31, 2024 | 6.64 Mn |
| Sep 30, 2024 | 6.87 Mn |
| Jun 30, 2024 | 9.08 Mn |
| Mar 31, 2024 | 8.20 Mn |
| Dec 31, 2023 | 4.59 Mn |
| Sep 30, 2023 | 8.62 Mn |
| Jun 30, 2023 | 7.56 Mn |
| Mar 31, 2023 | 7.19 Mn |
| Dec 31, 2022 | 8.03 Mn |
| Sep 30, 2022 | 10.71 Mn |
| Jun 30, 2022 | 11.66 Mn |
| Mar 31, 2022 | 12.22 Mn |
| Dec 31, 2021 | 12.11 Mn |
| Sep 30, 2021 | 13.03 Mn |
| Jun 30, 2021 | 12.10 Mn |