Ballard Power Systems (BLDP) EBT (2009 - 2025)
Ballard Power Systems' (BLDP) quarterly EBT came in at -$17.5 million in Q4 2025, up 62.33% year-on-year from -$10.8 million in Q4 2024, and up 37.66% on a QoQ basis from -$28.1 million in Q3 2025.
Ballard Power Systems (BLDP) EBT (2009 - 2025) Analysis & Trends
Ballard Power Systems (BLDP) has 17 years of EBT data on file, last reported at -$17.5 million in Q4 2025.
- On a quarterly basis, EBT rose 62.33% year-over-year to -$17.5 million in Q4 2025; TTM through Dec 2025 was -$90.9 million, a 71.91% increase from a year earlier, with the FY2025 full-year figure at -$90.9 million, up 71.9% from the prior year.
- EBT for Q4 2025 stood at -$17.5 million, up from -$28.1 million in the prior quarter.
- Over the last five years, EBT for BLDP reached as high as -$17.5 million in Q4 2025 and fell as low as -$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.
- Across the five-year window, EBT slumped 489.41% in 2024 and soared 86.28% in 2025, its largest moves.
- Year by year, EBT stood at -$44.1 million in 2021, then grew by 19.24% to -$35.6 million in 2022, then sank by 37.24% to -$48.8 million in 2023, then grew by 4.9% to -$46.5 million in 2024, then surged by 62.33% to -$17.5 million in 2025.
- Per Business Quant data, the three most recent EBT figures were -$17.5 million in Q4 2025, -$28.1 million in Q3 2025, and -$24.3 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 1.96 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 438.30 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 74.10 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 236.40 Mn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 176.90 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 70.00 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | -10.80 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 61.78 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 99.11 Mn |
| 10 | Ballard Power Systems | 895.53 Mn | 364.27 Mn | 5.64 Mn | -17.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | -17.79 Mn |