Ballard Power Systems (BLDP) EBT (2009 - 2025)
Ballard Power Systems (BLDP) reported 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 - 2025) Analysis & Trends
Ballard Power Systems (BLDP) has 17 years of EBT data on file, last reported at -$17.5 million in Q4 2025.
- EBT for Q4 2025 came in at -$17.5 million, up 62.33% year-over-year; the trailing twelve-month figure through Dec 2025 was -$90.9 million (up 71.91% YoY), and the FY2025 annual result was -$90.9 million, up 71.9% from the prior year.
- EBT grew to -$17.5 million in Q4 2025 per BLDP's latest filing, from -$28.1 million in the prior quarter.
- Over five years, EBT peaked at -$17.5 million in Q4 2025 and troughed at -$204.5 million in Q3 2024.
- A 5-year average of -$41.7 million and a median of -$31.9 million in 2023 frame the typical range for EBT.
- The sharpest annual moves came in 2024 and 2025: EBT plunged 489.41% in 2024, then surged 86.28% in 2025.
- A 5-year view of EBT shows it stood at -$44.1 million in 2021, then soared by 52.96% to -$20.7 million in 2022, then slumped by 135.64% to -$48.8 million in 2023, then gained by 4.9% to -$46.5 million in 2024, then surged 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 | Novonix | 395.03 Bn | 394.98 Bn | - | - |
| 2 | Vertiv Holdings | 110.52 Bn | 108.02 Bn | 999.70 Mn | 438.30 Mn |
| 3 | Bloom Energy | 73.12 Bn | 70.66 Bn | 225.54 Mn | 74.10 Mn |
| 4 | nVent Electric | 26.38 Bn | 26.19 Bn | 445.60 Mn | 176.90 Mn |
| 5 | Hubbell | 25.79 Bn | 25.28 Bn | 505.30 Mn | 236.40 Mn |
| 6 | Advanced Energy Industries | 11.69 Bn | 11.69 Bn | 200.90 Mn | 70.00 Mn |
| 7 | Ballard Power Systems | 11.51 Bn | 10.98 Bn | 5.64 Mn | -17.50 Mn |
| 8 | Powell Industries | 10.32 Bn | 9.77 Bn | 87.94 Mn | 61.78 Mn |
| 9 | Acuity Inc. (De) | 9.21 Bn | 8.94 Bn | 520.40 Mn | 122.90 Mn |
| 10 | EnerSys | 8.48 Bn | 8.04 Bn | 290.87 Mn | 99.11 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 | -20.73 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 |