Ballard Power Systems (BLDP) Net Income (2009 - 2026)
Ballard Power Systems (BLDP) posted quarterly Net Income of -$17.5 million for Q4 2025, up 37.82% quarter-over-quarter from -$28.1 million in Q3 2025.
Ballard Power Systems (BLDP) Net Income (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Net Income for 17 consecutive years, with -$17.5 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Net Income changed N/A year-over-year to -$17.5 million; the TTM figure through Dec 2025 stood at -$90.8 million (up 67.3% YoY), while the FY2024 annual figure was -$715000.0, up 97.87% from the prior year.
- Net Income rose to -$17.5 million in Q4 2025 per BLDP's latest filing, from -$28.1 million in the prior quarter.
- Across five years, Net Income topped out at -$2.4 million in Q4 2023 and bottomed at -$205.0 million in Q3 2024.
- Historically, Net Income has averaged -$41.3 million across 5 years, with a median of -$31.5 million in 2024.
- Annual changes were most pronounced in 2023 — Net Income jumped 93.14% — and 2024, when it slumped 228.27%.
- Ballard Power Systems' Net Income stood at -$43.8 million in 2021, then advanced by 21.46% to -$34.4 million in 2022, then surged by 93.14% to -$2.4 million in 2023, then tumbled by 8587.2% to -$205.0 million in 2024, then jumped by 91.49% to -$17.5 million in 2025.
- Business Quant data shows BLDP's Net Income 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) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 497.80 Mn |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 198.83 Mn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 242.20 Mn |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 215.90 Mn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 54.10 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 141.00 Mn |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | 52.16 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 116.45 Mn |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | -190.10 Mn |
| 10 | Ballard Power Systems | 725.08 Mn | 219.93 Mn | 4.08 Mn | -20.23 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -20.23 Mn |
| Dec 31, 2025 | -17.45 Mn |
| Sep 30, 2025 | -28.07 Mn |
| Jun 30, 2025 | -24.28 Mn |
| Mar 31, 2025 | -21.04 Mn |
| Sep 30, 2024 | -205.02 Mn |
| Jun 30, 2024 | -31.46 Mn |
| Mar 31, 2024 | -41.29 Mn |
| Dec 31, 2023 | -2.36 Mn |
| Sep 30, 2023 | -62.45 Mn |
| Jun 30, 2023 | -30.10 Mn |
| Mar 31, 2023 | -33.92 Mn |
| Dec 31, 2022 | -34.43 Mn |
| Sep 30, 2022 | -42.88 Mn |
| Jun 30, 2022 | -55.79 Mn |
| Mar 31, 2022 | -40.40 Mn |
| Dec 31, 2021 | -43.83 Mn |
| Sep 30, 2021 | -30.85 Mn |
| Jun 30, 2021 | -21.91 Mn |
| Mar 31, 2021 | -17.64 Mn |