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
DateValue
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