Ballard Power Systems (BLDP) EBT (2009 - 2026)
Ballard Power Systems (BLDP) posted quarterly EBT of -$17.5 million for Q4 2025, up 62.33% year-over-year from -$10.8 million in Q4 2024, and up 37.66% quarter-over-quarter from -$28.1 million in Q3 2025.
Ballard Power Systems (BLDP) EBT (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported EBT for 17 consecutive years, with -$17.5 million the latest figure, recorded in Q4 2025.
- In Q4 2025, EBT rose 62.33% year-over-year to -$17.5 million; the TTM figure through Dec 2025 stood at -$90.9 million (up 71.91% YoY), while the FY2025 annual figure was -$90.9 million, up 71.9% from the prior year.
- EBT improved to -$17.5 million in Q4 2025 per BLDP's latest filing, from -$28.1 million in the prior quarter.
- Across five years, EBT topped out at -$17.5 million in Q4 2025 and bottomed at -$204.5 million in Q3 2024.
- Historically, EBT has averaged -$42.4 million across 5 years, with a median of -$33.5 million in 2023.
- Annual changes were most pronounced in 2024 — EBT plunged 489.41% — and 2025, when it surged 86.28%.
- Ballard Power Systems' EBT stood at -$44.1 million in 2021, then advanced by 19.24% to -$35.6 million in 2022, then sank by 37.24% to -$48.8 million in 2023, then advanced by 4.9% to -$46.5 million in 2024, then soared by 62.33% to -$17.5 million in 2025.
- Business Quant data shows BLDP's EBT at -$17.5 million in Q4 2025, -$28.1 million in Q3 2025, and -$24.3 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 620.00 Mn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 200.33 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 282.00 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 303.70 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 66.60 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 185.20 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 69.12 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 135.01 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 59.26 Mn |
| 10 | Ballard Power Systems | 716.03 Mn | 210.88 Mn | 4.08 Mn | -20.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -20.25 Mn |
| Dec 31, 2025 | -17.50 Mn |
| Sep 30, 2025 | -28.07 Mn |
| Jun 30, 2025 | -24.26 Mn |
| Mar 31, 2025 | -21.04 Mn |
| Dec 31, 2024 | -46.45 Mn |
| Sep 30, 2024 | -204.53 Mn |
| Jun 30, 2024 | -31.40 Mn |
| Mar 31, 2024 | -41.03 Mn |
| Dec 31, 2023 | -48.85 Mn |
| Sep 30, 2023 | -34.70 Mn |
| Jun 30, 2023 | -28.12 Mn |
| Mar 31, 2023 | -32.39 Mn |
| Dec 31, 2022 | -35.59 Mn |
| Sep 30, 2022 | -43.30 Mn |
| Jun 30, 2022 | -55.70 Mn |
| Mar 31, 2022 | -40.60 Mn |
| Dec 31, 2021 | -44.07 Mn |
| Sep 30, 2021 | -30.84 Mn |
| Jun 30, 2021 | -21.91 Mn |